2012-12-03 | 2012-29048

Added

Capital, Margin, and Segregation Requirements for Security-Based Swap Dealers and Major Security-Based Swap Participants and Capital Requirements for Broker-Dealers; Correction

The Securities and Exchange Commission issued a correction to its proposed rulemaking regarding capital, margin, and segregation requirements for security-based swap dealers and major security-based swap participants, as well as capital requirements for broker-dealers. The agency is amending specific technical errors in footnote 172 on page 70233 and paragraph 6.c. on page 70332 of the original Federal Register notice published on November 23, 2012. These corrections adjust table headings and modify a threshold phrase from 'less than 50%' to 'less than or equal to 50%' to ensure regulatory accuracy.

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This section of the FEDERAL REGISTER contains notices to the public of the proposed issuance of rules and regulations. The purpose of these notices is to give interested persons an opportunity to participate in the rule making prior to the adoption of the final rules. Proposed Rules Federal Register 71568 Vol. 77, No. 232 Monday, December 3, 2012 SECURITIES AND EXCHANGE COMMISSION 17 CFR Part 240 [Release No. 34–68071A; File No. S7–08– 12] RIN 3235–AL12 Capital, Margin, and Segregation Requirements for Security-Based Swap Dealers and Major Security￾Based Swap Participants and Capital Requirements for Broker-Dealers; Correction AGENCY: Securities and Exchange Commission. ACTION: Proposed rule; correction. SUMMARY: Technical corrections are being made to the Commission’s Release No. 34–68071, which proposed capital and margin requirements for security￾based swap dealers (‘‘SBSDs’’) and major security-based swap participants (‘‘MSBSPs’’), segregation requirements for SBSDs, and notification requirements with respect to segregation for SBSDs and MSBSPs, as well as increases to the minimum net capital requirements for broker-dealers permitted to use the alternative internal model-based method for computing net capital. FOR FURTHER INFORMATION CONTACT: Sheila Dombal Swartz, Special Counsel, at (202) 551–5545, or Valentina Minak Deng, Attorney, at (202) 551–5778, Division of Trading and Markets, Securities and Exchange Commission, 100 F Street NE., Washington, DC 20549–7010. SUPPLEMENTARY INFORMATION: Specifically, corrections are being made to the table in footnote 172 on page 70233 and paragraph 6.c. of page 70332 of volume 77 of the Federal Register. The following corrections are hereby made to Release No. 34–68071 (October 18, 2012), which was published in FR Doc. 2012–26164 and appeared on page 70214 of the Federal Register on November 23, 2012 (77 FR 70214):

  1. In footnote 172 in the first column of page 70233, the first row of the table, which currently reads ‘‘Time to Maturity and Deduction’’, is corrected to read: ‘‘Time to Maturity Category— Deduction’’.
  2. In the third column of page 70332, paragraph 6.c. identifying an amendment to 17 CFR 240.15c3– 1e(c)(2)(ii), which currently reads ‘‘In paragraph (c)(2)(ii), removing the phrase ‘‘$5 billion’’ and adding in its place the phrase ‘‘$6 billion’’; and’’, is corrected to read: ‘‘In paragraph (c)(2)(ii), removing the phrase ‘‘less than 50%’’ and adding in its place the phrase ‘‘less than or equal to 50%’’; and’’. Dated: November 27, 2012. Elizabeth M. Murphy, Secretary. [FR Doc. 2012–29048 Filed 11–30–12; 8:45 am] BILLING CODE 8011–01–P ENVIRONMENTAL PROTECTION AGENCY 40 CFR Part 52 [EPA–R04–OAR–2012–0237; FRL–9757–2] Approval and Promulgation of Implementation Plans; Tennessee; Interstate Transport Infrastructure Requirements (Prevention of Significant Deterioration) for the 2008 8-Hour Ozone National Ambient Air Quality Standards AGENCY: Environmental Protection Agency (EPA). ACTION: Supplemental proposed rule. SUMMARY: EPA is proposing to conditionally approve the State Implementation Plan (SIP) submission, submitted by the State of Tennessee through the Tennessee Department of Environment and Conservation (TDEC). This proposal pertains to the Clean Air Act (CAA) requirements pertaining to prevention of significant deterioration (PSD) (concerning the PM2.5 increments) for the for the 2008 8-hour ozone national ambient air quality standards (NAAQS) infrastructure SIPs. The CAA requires that each state adopt and submit a SIP for the implementation, maintenance, and enforcement of each NAAQS promulgated by EPA, which is commonly referred to as an ‘‘infrastructure’’ SIP. TDEC certified that the Tennessee SIP contains provisions that ensure the 2008 8-hour ozone NAAQS are implemented, enforced, and maintained in Tennessee (hereafter referred to as ‘‘infrastructure submission’’). EPA is proposing to supplement the earlier proposed approval related to sections related to prevention of significant deterioration (PSD) (concerning the PM2.5 increments) by proposing conditional approval of the State’s infrastructure submission based upon a October 4, 2012, commitment by the State to submit a SIP revision to address current deficiencies in these sections. EPA is proposing to conditionally approve these sections related to PSD because the current Tennessee SIP does not include provisions to fully comply with the requirements of these sections. All of the other required infrastructure elements for the 2008 8-hour ozone NAAQS are being addressed in a separate rulemaking. DATES: Written comments must be received on or before December 24,

ADDRESSES: Submit your comments, identified by Docket ID No. EPA–R04– OAR–2012–0237, by one of the following methods:

  1. www.regulations.gov: Follow the on-line instructions for submitting comments.
  2. Email: R4–RDS@epa.gov.
  3. Fax: (404) 562–9019.
  4. Mail: ‘‘EPA–R04–OAR–2012– 0237,’’ Regulatory Development Section, Air Planning Branch, Air, Pesticides and Toxics Management Division, U.S. Environmental Protection Agency, Region 4, 61 Forsyth Street SW., Atlanta, Georgia 30303–8960.
  5. Hand Delivery or Courier: Lynorae Benjamin, Regulatory Development Section, Air Planning Branch, Air, Pesticides and Toxics Management Division, U.S. Environmental Protection Agency, Region 4, 61 Forsyth Street SW., Atlanta, Georgia 30303–8960. Such deliveries are only accepted during the Regional Office’s normal hours of operation. The Regional Office’s official hours of business are Monday through Friday, 8:30 to 4:30, excluding federal holidays. Instructions: Direct your comments to Docket ID No. EPA–R04–OAR–2012–
  6. EPA’s policy is that all comments received will be included in the public docket without change and may be made available online at VerDate Mar<15>2010 12:54 Nov 30, 2012 Jkt 229001 PO 00000 Frm 00001 Fmt 4702 Sfmt 4702 E:\FR\FM\03DEP1.SGM 03DEP1 emcdonald on DSK67QTVN1PROD with PROPOSALS