Amendment to the Bank Secrecy Act Regulations; Defining Mutual Funds as Financial Institutions

Is not a ‘‘significant regulatory
action’’ under Executive Order 12866;
Is not a ‘‘significant rule’’ under the
DOT Regulatory Policies and Procedures (44 FR 11034, February 26, 1979); and
Will not have a significant
economic impact, positive or negative, on a substantial number of small entities under the criteria of the Regulatory Flexibility Act. We prepared a regulatory evaluation of the estimated costs to comply with this proposed AD and placed it in the AD docket. List of Subjects in 14 CFR Part 39 Air transportation, Aircraft, Aviation safety, Incorporation by reference, Safety. The Proposed Amendment Accordingly, under the authority delegated to me by the Administrator, the FAA proposes to amend 14 CFR part 39 as follows:
PART 39—AIRWORTHINESS
DIRECTIVES
The authority citation for part 39
continues to read as follows:
Authority: 49 U.S.C. 106(g), 40113, 44701. § 39.13 [Amended]
The FAA amends § 39.13 by adding
the following new AD:
PILATUS Aircraft Ltd.: Docket No. FAA– 2009–0509; Directorate Identifier 2009– CE–029–AD. Comments Due Date (a) We must receive comments by July 6, 2009. Affected ADs (b) None. Applicability (c) This AD applies to PC–7 airplanes, all manufacturer serial numbers, certificated in any category. Subject (d) Air Transport Association of America (ATA) Code 53: Fuselage. Reason (e) The mandatory continuing airworthiness information (MCAI) states:
This Airworthiness Directive (AD) is prompted due to reported corrosion on the bolts and in the bores of the attachment fittings for the engine mounting frame. The corrosion is caused by damaged cadmium plating of the bolts or damaged surface finish of the attachment fitting. Such a condition, if left uncorrected, could lead to crack initiation at the bolt and the fitting bore and subsequently to the failure of the engine attachment fitting. In order to correct and control the situation, this AD requires a visual inspection of the relevant bolts and fittings. Additionally, the replacement of the bolts is required. Actions and Compliance (f) Unless already done, do the following actions:
(1) Visually inspect the bolts and the bores (with boroscope) of the attachment fittings for the engine mounting frame following paragraph 3.A of PILATUS Aircraft Ltd. Pilatus PC–7 Service Bulletin No. 53–006, dated November 17, 2008, at whichever of the following occurs later:
(i) Upon accumulating 5,000 hours total time-in-service (TIS) or 5 years from the date of manufacture, whichever occurs first; or (ii) Within the next 6 months after the effective date of this AD. (2) If no sign of corrosion is found during the inspection required in paragraph (f)(1) of this AD, before further flight, replace the bolts. Repetitively inspect thereafter at intervals not to exceed every 5 years following PILATUS Aircraft Ltd. Pilatus PC– 7 Maintenance Manual Chapter 05–10–20,
page 4, dated November 30, 2008.
(3) If any sign of corrosion is found during any of the inspections required in paragraphs (f)(1) and (f)(2) of this AD, before further flight, do the corrective actions following paragraph 3.A. of PILATUS Aircraft Ltd. Pilatus PC–7 Service Bulletin No. 53–006, dated November 17, 2008. Repetitively inspect thereafter at intervals not to exceed every 5 years following PILATUS Aircraft Ltd. Pilatus PC–7 Maintenance Manual
Chapter 05–10–20, page 4, dated November
30, 2008.
FAA AD Differences
Note: This AD differs from the MCAI and/ or service information as follows: No differences. Other FAA AD Provisions (g) The following provisions also apply to this AD:
(1) Alternative Methods of Compliance (AMOCs): The Manager, Standards Office, FAA, has the authority to approve AMOCs for this AD, if requested using the procedures found in 14 CFR 39.19. Send information to ATTN: Doug Rudolph, Aerospace Engineer, FAA, Small Airplane Directorate, 901 Locust, Room 301, Kansas City, Missouri 64106; telephone: (816) 329–4059; fax: (816) 329–
Before using any approved AMOC on
any airplane to which the AMOC applies, notify your appropriate principal inspector (PI) in the FAA Flight Standards District Office (FSDO), or lacking a PI, your local FSDO. (2) Airworthy Product: For any requirement in this AD to obtain corrective actions from a manufacturer or other source, use these actions if they are FAA-approved. Corrective actions are considered FAA-approved if they are approved by the State of Design Authority (or their delegated agent). You are required to assure the product is airworthy before it is returned to service. (3) Reporting Requirements: For any reporting requirement in this AD, under the provisions of the Paperwork Reduction Act (44 U.S.C. 3501 et seq.), the Office of Management and Budget (OMB) has approved the information collection requirements and has assigned OMB Control Number 2120–0056. Related Information (h) Refer to MCAI FOCA AD HB–2009–004, dated May 12, 2009; PILATUS Aircraft Ltd. Pilatus PC–7 Service Bulletin No. 53–006, dated November 17, 2008; and Pilatus PC–7 Maintenance Manual Chapter 05–10–20, page 4, dated November 30, 2008, for related information. Issued in Kansas City, Missouri, on May 29, 2009. Scott A. Horn, Acting Manager, Small Airplane Directorate, Aircraft Certification Service. [FR Doc. E9–13139 Filed 6–4–09; 8:45 am] BILLING CODE 4910–13–P DEPARTMENT OF THE TREASURY 31 CFR Part 103 RIN 1506–AA93 Financial Crimes Enforcement Network; Amendment to the Bank Secrecy Act Regulations; Defining Mutual Funds as Financial Institutions AGENCY: Financial Crimes Enforcement Network (‘‘FinCEN’’), Treasury. ACTION: Notice of proposed rulemaking and request for comments. SUMMARY: FinCEN is proposing to include mutual funds within the general definition of ‘‘financial institution’’ in rules implementing the Bank Secrecy Act (‘‘BSA’’). The proposal would subject mutual funds to rules under the BSA on the filing of Currency Transaction Reports (‘‘CTRs’’) and on the creation, retention, and transmittal of records or information for transmittals of funds. DATES: Written comments on all aspects of this notice are welcome and must be received on or before September 3, 2009. ADDRESSES: Those submitting comments are encouraged to do so via the Internet. Comments submitted via the Internet may be submitted at http:// www.regulations.gov/search/index.jsp with the caption in the body of the text, Attention: Comment Request; Defining Mutual Funds as Financial Institutions. Comments also may be submitted by written mail to: Financial Crimes Enforcement Network, Department of the Treasury, P.O. Box 39, Vienna, VA 22183, Attention: Comment Request; Defining Mutual Funds as Financial Institutions. Please submit comments by one method only. All comments submitted in response to this notice of proposed rulemaking will become a erowe on PROD1PC63 with PROPOSALS-1

Amendment to the Bank Secrecy Act Regulations; Defining Mutual Funds as Financial Institutions

Lineage: In force