80 FR 47018 - Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Order Approving a Proposed Rule Change To Provide a Web-Based Delivery Method for Completing the Regulatory Element of the Continuing Education Requirements
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 80, Issue 151 (August 6, 2015)
Federal Register Volume 80, Issue 151 (August 6, 2015)
| Page Range | 47018-47020 | |
| FR Document | 2015-19289 |
[Federal Register Volume 80, Number 151 (Thursday, August 6, 2015)] [Notices] [Pages 47018-47020] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-19289] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-75581; File No. SR-FINRA-2015-015] Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Order Approving a Proposed Rule Change To Provide a Web-Based Delivery Method for Completing the Regulatory Element of the Continuing Education Requirements July 31, 2015 I. Introduction On June 4, 2015, the Financial Industry Regulatory Authority, Inc. (``FINRA'') filed with the Securities and Exchange Commission (``Commission''), pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (``Act'') \1\ and Rule 19b-4 thereunder,\2\ a proposed rule change to change the method of delivery for the Regulatory Element of the Continuing Education (``CE'') program. The proposed rule change was published for comment in the Federal Register on June 17, 2015.\3\ The Commission received four comment letters on the proposed rule change.\4\ This order approves the proposed rule change. --------------------------------------------------------------------------- \1\ 15 U.S.C. 78s(b)(1). \2\ 17 CFR 240.19b-4. \3\ See Securities Exchange Act Release No. 75154 (June 11, 2015), 80 FR 34777 (``Notice''). \4\ See letters from Kevin Zambrowicz, Associate General Counsel & Managing Director and Stephen Vogt, Assistant Vice President & Assistant General Counsel, Securities Industry and Financial Markets Association, dated July 7, 2015 (``SIFMA Letter''); Daniel Kosowsky, Chief Compliance Officer, Morgan Stanley Smith Barney LLC and Rose- Anne Richter, Chief Compliance Officer, Morgan Stanley & Co. LLC, dated July 8, 2015 (``Morgan Stanley Letter''); David T. Bellaire, Executive Vice President & General Counsel, Financial Services Institute, dated July 8, 2015 (``FSI Letter''); and Michele Van Tassel, President, Association of Registration Management, dated July 8, 2015 (``ARM Letter''). --------------------------------------------------------------------------- II. Description of the Proposed Rule Change A. Web-Based Delivery As FINRA described in the Notice, the CE requirements under FINRA Rule 1250 consist of a Regulatory Element and a Firm Element. The Regulatory Element applies to registered persons and consists of periodic computer-based training on regulatory, compliance, ethical, and supervisory subjects and sales practice standards, which must be completed within prescribed timeframes.\5\ There are four Regulatory Element programs: (1) The S106 for Investment Company and Variable Contracts Representatives; (2) the S201 for registered principals and supervisors; (3) the S901 for Operations Professionals; and (4) the S101 for all other registration categories. Currently, the Regulatory Element may be administered in a test center or at a firm that meets the requirements in Rule 1250 for in-firm delivery of CE.\6\ --------------------------------------------------------------------------- \5\ See Notice, supra note 3 at 34778 (describing the Regulatory Element in more detail, including the timeframes for completing the Regulatory Element). Currently, candidates have three and a half hours to complete their CE session. \6\ See id. at n. 8 (describing in-firm delivery procedures). --------------------------------------------------------------------------- FINRA proposed to amend FINRA Rule 1250 to provide that the Regulatory Element program will be administered through Web-based delivery or such other technological manner and format as specified by FINRA, and to eliminate the requirements for in-firm delivery of the Regulatory Element.\7\ FINRA proposed to implement Web-based delivery for the S106, S201, and S901 Regulatory Element programs on October 1, 2015, and to implement Web-based delivery for the S101 Regulatory Element program on January 4, 2016. FINRA also proposed to phase-out test-center delivery by no later than six months after January 4, 2016.\8\ --------------------------------------------------------------------------- \7\ FINRA also proposed to delete Incorporated NYSE Rule 345A (Continuing Education for Registered Persons) and Incorporated NYSE Rule Interpretation 345A (Continuing Education for Registered Persons). According to FINRA, these rules are substantially similar to FINRA Rule 1250. \8\ Under the proposal, firms will not be able to establish new in-firm delivery programs after October 1, 2015. Firms that have pre-existing in-firm delivery programs that are established before October 1, 2015 will not be able to use that delivery method for the S106, S201, and S901 Regulatory Element programs after October 1, 2015, and they will not be able to use that delivery method for the S101 Regulatory Element program after January 4, 2016. --------------------------------------------------------------------------- In proposing these changes, FINRA noted that Web-based delivery will provide registered persons the flexibility to complete the Regulatory Element at a location of their choosing and at any time during their 120-day window for completion of the Regulatory Element, consistent with their firm's requirements. In addition, there will be no three and a half hour time limitation, as there is currently. FINRA also noted that the Web-based format will include safeguards to authenticate the identity of the CE candidate (e.g., by asking the candidate to provide a portion of his [[Page 47019]] Social Security Number (``SSN'') and date of birth). Before commencing a Web-based session, each candidate must agree to the Rules of Conduct for Web-based delivery. If FINRA discovers that a candidate has violated the Rules of Conduct, the candidate will forfeit the results of the session and may be subject to disciplinary action by FINRA. FINRA considers violations of the Rules of Conduct to be conduct inconsistent with high standards of commercial honor and just and equitable principles of trade, in violation of FINRA Rule 2010. B. Proctor Registration Currently, NASD Rule 1043 requires an associated person who is designated by a firm as a proctor for the purposes of in-firm delivery of the Regulatory Element to be registered as a Proctor with FINRA through the filing of a Form U4 (Uniform Application for Securities Industry Registration or Transfer).\9\ In light of the Web-based delivery proposal, FINRA proposed to eliminate NASD Rule 1043, and to automatically terminate the Proctor registration category in the CRD system on January 4, 2016. --------------------------------------------------------------------------- \9\ Currently, an associated person who is already registered in another registration category may be designated as a proctor by a firm without having to register as a Proctor with FINRA. --------------------------------------------------------------------------- C. Fee for Web-Based Delivery Currently, the fee for test-center and in-firm deliveries is $100 per session, although in-firm deliveries receive a three-dollar rebate per session.\10\ FINRA proposed to establish a $55 fee for each candidate who completes the Regulatory Element via the Web-based delivery method.\11\ However, FINRA is not proposing any changes to the session fees for test-center and in-firm deliveries until it has completed the phase-out process. --------------------------------------------------------------------------- \10\ There are also additional fees for taking the session outside of the United States, failing to appear on time for an appointment, or cancelling or rescheduling an appointment. See Section 4 of Schedule A to the FINRA By-Laws. See also Notice, supra note 3 at 34779. \11\ FINRA also proposed to amend its fee schedule to clarify that registered persons will not be required to complete the Regulatory Element in a test center or in-firm during the phase-out period. --------------------------------------------------------------------------- III. Comment Letters The Commission received four comment letters that supported the proposed rule change.\12\ In particular, the commenters noted that the proposal would modernize FINRA's CE requirements,\13\ remove burdens associated with the test center delivery method (e.g., the time spent traveling to a test center),\14\ and reduce the fees and other costs associated with the Regulatory Element.\15\ Commenters also supported the flexibility associated with Web-based delivery.\16\ Moreover, two commenter supported FINRA's proposed timeline for implementing Web- based delivery.\17\ One of these commenters stated that a phased approach will provide firms with the flexibility needed to address technology, operations, and process issues that may arise.\18\ This commenter additionally requested that, if FINRA proposes materially new technology, delivery platforms, or other measures in the future, FINRA solicit comments on the proposed changes through a Regulatory Notice and seek and receive FINRA Board approval of the changes before implementing the changes.\19\ --------------------------------------------------------------------------- \12\ See supra note 4. These commenters also provided comments relating to the implementation of this proposed rule change. In particular, one commenter requested that FINRA continue to make CE training data and test results available to firms. See FSI Letter at 1 and 3. Two commenters requested that FINRA provide clarification on the level of information that will be available to firms regarding an individual's initiation of, and progress on, a particular CE session. See SIFMA Letter at 5 and ARM Letter at 2. Commenters also requested that FINRA consider the use of identifiers other than the SSN for candidates who do not have an SSN. See SIFMA Letter at 5, Morgan Stanley Letter at 1, and ARM Letter at 2-3. Two commenters requested that FINRA provide firms with an appropriate degree of flexibility with respect to individual CE deadlines if they encounter unexpected but demonstrated technical difficulties. See SIFMA Letter at 4 and ARM Letter at 2. In addition, these two commenters requested that FINRA provide guidance on the implementation of Web-based delivery, including clarification regarding how it will handle reasonably foreseeable technology and operational issues that may arise with the implementation and use of the Web-based CE program. See SIFMA Letter at 5 and ARM Letter at 2. One commenter suggested that FINRA provide help guides, user instructions, and frequently asked questions to minimize confusion about completing the CE requirements through the new process, and conduct information sessions for FINRA member firms to better prepare for questions and issues about the new CE delivery method and related completion process. See ARM Letter at 2. The Commission understands that FINRA will provide guidance on these issues. Finally, one commenter encouraged FINRA to continue to review its rulebook, interpretations, and fees. See SIFMA Letter at 6. \13\ See SIFMA Letter at 4, Morgan Stanley Letter at 1, FSI Letter at 1-3, and ARM Letter at 3. \14\ See SIFMA Letter at 4, Morgan Stanley Letter at 1, FSI Letter at 1-3, and ARM Letter at 1 and 3. \15\ See SIFMA Letter at 4, Morgan Stanley Letter at 1, FSI Letter at 2, and ARM Letter at 1 and 3. \16\ See SIFMA Letter at 4 and FSI Letter at 2. \17\ See SIFMA Letter at 4 and ARM Letter at 2. \18\ See SIFMA Letter at 4. \19\ See id. See also ARM Letter at 3. --------------------------------------------------------------------------- IV. Discussion and Commission Findings After careful review of the proposed rule change and the comment letters, the Commission finds that the proposed rule change is consistent with the requirements of the Act and the rules and regulations thereunder that are applicable to a national securities association.\20\ Specifically, the Commission finds that the proposed rule change is consistent with Section 15A(b)(6) of the Act,\21\ which requires, among other things, that FINRA rules be designed to prevent fraudulent and manipulative acts and practices, to promote just and equitable principles of trade, and, in general, to protect investors and the public interest as it changes the delivery method for CE to make it more flexible and efficient, as well as, less costly for the industry. In addition, it will provide candidates the amount of time that they feel they need to complete their CE session, enabling them to use the resource material included in the CE program. Having additional time to take the CE session may result in better learning outcomes, which should enhance investor protection. --------------------------------------------------------------------------- \20\ In approving this proposed rule change, the Commission has considered the proposed rule's impact on efficiency, competition, and capital formation. See 15 U.S.C. 78c(f). \21\ 15 U.S.C. 78o-3(b)(6). --------------------------------------------------------------------------- FINRA stated in the Notice that it has provided safeguards to preserve the integrity of the CE program.\22\ Moreover, as FINRA and the commenters noted, the proposed rule change would provide flexibility with respect to completing the Regulatory Element by eliminating the need to go to a test center to complete a Regulatory Element session.\23\ The proposal also will reduce the fees and other costs associated with the Regulatory Element.\24\ In addition, FINRA stated that Web-based delivery of the Regulatory Element will improve its ability to update the content in response to rule changes and other industry demands.\25\ Specifically, FINRA will be able to update the Regulatory Element content directly and more efficiently because the update will no longer involve a multi-layered release and quality control process, which is required when FINRA employs vendors to deliver CE.\26\ The ability to update the content of the Regulatory Element directly will make the process [[Page 47020]] more efficient for FINRA and should promote better education of associated persons and consequently enhance investor protection.\27\ --------------------------------------------------------------------------- \22\ See Notice, supra note 3 at 34779-80. The Commission notes that under FINRA's Sanction Guidelines, the recommended penalty for cheating on the Regulatory Element is a bar. See id. at n. 17. The Commission expects both FINRA and its member firms to take appropriate measures to avoid any abuse that could be associated with Web-based delivery of CE. As FINRA noted in the Notice, firms may impose conditions on their associated persons regarding completion of their CE requirements in a Web-based environment. See id. at n. 14. \23\ See id. at 34780 and supra notes 14 and 16. \24\ See Notice, supra note 3 at 34780 and supra notes 14-15. \25\ See Notice, supra note 3 at 34780. \26\ See id. \27\ FINRA stated that the proposed rule change would ``allow FINRA to adopt different delivery methods in the future based on technology changes without having to amend the rule each time.'' See id. at 34779. This statement was based on the addition of the phrase ``or such other technological manner and format as specified by FINRA,'' to Rule 1250(a)(6). The Commission notes, however, that FINRA must comply with the requirements of Section 19(b) of the Act. --------------------------------------------------------------------------- For the reasons stated above, the Commission finds that the proposed rule change is consistent with the Act and the rules and regulations thereunder. V. Conclusion IT IS THEREFORE ORDERED, pursuant to Section 19(b)(2) of the Act,\28\ that the proposed rule change (SR-FINRA-2015-015) be, and hereby is, approved. --------------------------------------------------------------------------- \28\ 15 U.S.C. 78s(b)(2). For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\29\ --------------------------------------------------------------------------- \29\ 17 CFR 200.30-3(a)(12). --------------------------------------------------------------------------- Robert W. Errett, Deputy Secretary. [FR Doc. 2015-19289 Filed 8-5-15; 8:45 am] BILLING CODE 8011-01-P
![47018 Federal Register / Vol. 80, No. 151 / Thursday, August 6, 2015 / Notices
IV. Solicitation of Comments For the Commission, by the Division of and consists of periodic computer-based
Trading and Markets, pursuant to delegated training on regulatory, compliance,
Interested persons are invited to authority.8 ethical, and supervisory subjects and
submit written data, views and Robert W. Errett, sales practice standards, which must be
arguments concerning the foregoing, Deputy Secretary. completed within prescribed
including whether the proposed rule [FR Doc. 2015–19290 Filed 8–5–15; 8:45 am] timeframes.5 There are four Regulatory
change is consistent with the Act. BILLING CODE 8011–01–P Element programs: (1) The S106 for
Comments may be submitted by any of Investment Company and Variable
the following methods: Contracts Representatives; (2) the S201
SECURITIES AND EXCHANGE for registered principals and
Electronic Comments COMMISSION supervisors; (3) the S901 for Operations
• Use the Commission’s Internet [Release No. 34–75581; File No. SR–FINRA– Professionals; and (4) the S101 for all
comment form (http://www.sec.gov/ 2015–015] other registration categories. Currently,
rules/sro.shtml), or the Regulatory Element may be
Self-Regulatory Organizations; administered in a test center or at a firm
• Send an email to rule-comments@ Financial Industry Regulatory that meets the requirements in Rule
sec.gov. Please include File No. SR– Authority, Inc.; Order Approving a 1250 for in-firm delivery of CE.6
CME–2015–014 on the subject line. Proposed Rule Change To Provide a FINRA proposed to amend FINRA
Web-Based Delivery Method for Rule 1250 to provide that the Regulatory
Paper Comments
Completing the Regulatory Element of Element program will be administered
• Send paper comments in triplicate the Continuing Education through Web-based delivery or such
to Secretary, Securities and Exchange Requirements other technological manner and format
Commission, 100 F Street NE., as specified by FINRA, and to eliminate
July 31, 2015 the requirements for in-firm delivery of
Washington, DC, 20549–1090.
I. Introduction the Regulatory Element.7 FINRA
All submissions should refer to File proposed to implement Web-based
Number SR–CME–2015–014. This file On June 4, 2015, the Financial
delivery for the S106, S201, and S901
number should be included on the Industry Regulatory Authority, Inc.
Regulatory Element programs on
subject line if email is used. To help the (‘‘FINRA’’) filed with the Securities and
October 1, 2015, and to implement Web-
Exchange Commission (‘‘Commission’’),
Commission process and review your based delivery for the S101 Regulatory
pursuant to Section 19(b)(1) of the
comments more efficiently, please use Element program on January 4, 2016.
Securities Exchange Act of 1934 FINRA also proposed to phase-out test-
only one method. The Commission will
(‘‘Act’’) 1 and Rule 19b–4 thereunder,2 a center delivery by no later than six
post all comments on the Commission’s
proposed rule change to change the months after January 4, 2016.8
Internet Web site (http://www.sec.gov/ method of delivery for the Regulatory
rules/sro.shtml). Copies of the In proposing these changes, FINRA
Element of the Continuing Education noted that Web-based delivery will
submission, all subsequent (‘‘CE’’) program. The proposed rule
amendments, all written statements provide registered persons the flexibility
change was published for comment in to complete the Regulatory Element at a
with respect to the proposed rule the Federal Register on June 17, 2015.3
change that are filed with the location of their choosing and at any
The Commission received four comment time during their 120-day window for
Commission, and all written letters on the proposed rule change.4
communications relating to the completion of the Regulatory Element,
This order approves the proposed rule consistent with their firm’s
proposed rule change between the change. requirements. In addition, there will be
Commission and any person, other than
II. Description of the Proposed Rule no three and a half hour time limitation,
those that may be withheld from the
Change as there is currently. FINRA also noted
public in accordance with the
that the Web-based format will include
provisions of 5 U.S.C. 552, will be A. Web-Based Delivery safeguards to authenticate the identity
available for Web site viewing and of the CE candidate (e.g., by asking the
As FINRA described in the Notice, the
printing in the Commission’s Public CE requirements under FINRA Rule candidate to provide a portion of his
Reference Room, 100 F Street, NE., 1250 consist of a Regulatory Element
Washington, DC 20549, on official and a Firm Element. The Regulatory 5 See Notice, supra note 3 at 34778 (describing
business days between the hours of Element applies to registered persons the Regulatory Element in more detail, including
10:00 a.m. and 3:00 p.m. Copies of such the timeframes for completing the Regulatory
Element). Currently, candidates have three and a
filing also will be available for 8 17 CFR 200.30–3(a)(12). half hours to complete their CE session.
inspection and copying at the principal 1 15 U.S.C. 78s(b)(1). 6 See id. at n. 8 (describing in-firm delivery
office of CME and on CME’s Web site at 2 17 CFR 240.19b–4. procedures).
http://www.cmegroup.com/market- 3 See Securities Exchange Act Release No. 75154 7 FINRA also proposed to delete Incorporated
regulation/rule-filings.html. (June 11, 2015), 80 FR 34777 (‘‘Notice’’). NYSE Rule 345A (Continuing Education for
4 See letters from Kevin Zambrowicz, Associate Registered Persons) and Incorporated NYSE Rule
All comments received will be posted General Counsel & Managing Director and Stephen Interpretation 345A (Continuing Education for
without change; the Commission does Vogt, Assistant Vice President & Assistant General Registered Persons). According to FINRA, these
Counsel, Securities Industry and Financial Markets rules are substantially similar to FINRA Rule 1250.
not edit personal identifying Association, dated July 7, 2015 (‘‘SIFMA Letter’’); 8 Under the proposal, firms will not be able to
information from submissions. You Daniel Kosowsky, Chief Compliance Officer, establish new in-firm delivery programs after
tkelley on DSK3SPTVN1PROD with NOTICES
should submit only information that Morgan Stanley Smith Barney LLC and Rose-Anne October 1, 2015. Firms that have pre-existing in-
you wish to make available publicly. Richter, Chief Compliance Officer, Morgan Stanley firm delivery programs that are established before
& Co. LLC, dated July 8, 2015 (‘‘Morgan Stanley October 1, 2015 will not be able to use that delivery
All submissions should refer to File Letter’’); David T. Bellaire, Executive Vice President method for the S106, S201, and S901 Regulatory
Number SR–CME–2015–014 and should & General Counsel, Financial Services Institute, Element programs after October 1, 2015, and they
dated July 8, 2015 (‘‘FSI Letter’’); and Michele Van will not be able to use that delivery method for the
be submitted on or before August 27, Tassel, President, Association of Registration S101 Regulatory Element program after January 4,
2015. Management, dated July 8, 2015 (‘‘ARM Letter’’). 2016.
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![47020 Federal Register / Vol. 80, No. 151 / Thursday, August 6, 2015 / Notices
more efficient for FINRA and should 18, 2015, until on or about January 3, in the Office of the Legal Adviser, U.S.
promote better education of associated 2016, and at possible additional Department of State (telephone: 202–
persons and consequently enhance exhibitions or venues yet to be 632–6471; email: section2459@
investor protection.27 determined, is in the national interest. state.gov). The mailing address is U.S.
For the reasons stated above, the I have ordered that Public Notice of Department of State, L/PD, SA–5, Suite
Commission finds that the proposed these Determinations be published in 5H03, Washington, DC 20522–0505.
rule change is consistent with the Act the Federal Register.
Dated: July 30, 2015.
and the rules and regulations FOR FURTHER INFORMATION CONTACT: For
thereunder. Kelly Keiderling,
further information, including a list of
the imported objects, contact the Office Principal Deputy Assistant Secretary, Bureau
V. Conclusion of Educational and Cultural Affairs,
of Public Diplomacy and Public Affairs
IT IS THEREFORE ORDERED, Department of State.
in the Office of the Legal Adviser, U.S.
pursuant to Section 19(b)(2) of the Department of State (telephone: 202– [FR Doc. 2015–19339 Filed 8–5–15; 8:45 am]
Act,28 that the proposed rule change 632–6471; email: section2459@ BILLING CODE 4710–05–P
(SR–FINRA–2015–015) be, and hereby state.gov). The mailing address is U.S.
is, approved. Department of State, L/PD, SA–5, Suite
For the Commission, by the Division of 5H03, Washington, DC 20522–0505. DEPARTMENT OF STATE
Trading and Markets, pursuant to delegated Dated: July 27, 2015.
authority.29 [Public Notice: 9212]
Kelly Keiderling,
Robert W. Errett,
Principal Deputy Assistant Secretary, Bureau
Deputy Secretary. Culturally Significant Objects Imported
of Educational and Cultural Affairs,
[FR Doc. 2015–19289 Filed 8–5–15; 8:45 am] Department of State. for Exhibition Determinations:
BILLING CODE 8011–01–P [FR Doc. 2015–19338 Filed 8–5–15; 8:45 am]
‘‘Breguet: Art and Innovation in
Watchmaking’’ Exhibition
BILLING CODE 4710–05–P
SUMMARY: Notice is hereby given of the
DEPARTMENT OF STATE
DEPARTMENT OF STATE following determinations: Pursuant to
[Public Notice: 9213] the authority vested in me by the Act of
[Public Notice: 9214] October 19, 1965 (79 Stat. 985; 22 U.S.C.
Culturally Significant Objects Imported 2459), Executive Order 12047 of March
for Exhibition Determinations: ‘‘Kongo: Culturally Significant Objects Imported
27, 1978, the Foreign Affairs Reform and
Power and Majesty’’ Exhibition for Exhibition Determinations: ‘‘Berlin
Restructuring Act of 1998 (112 Stat.
Metropolis: 1918–1933’’ Exhibition
SUMMARY: Notice is hereby given of the 2681, et seq.; 22 U.S.C. 6501 note, et
following determinations: Pursuant to SUMMARY: Notice is hereby given of the seq.), Delegation of Authority No. 234 of
the authority vested in me by the Act of following determinations: Pursuant to October 1, 1999, Delegation of Authority
October 19, 1965 (79 Stat. 985; 22 U.S.C. the authority vested in me by the Act of No. 236–3 of August 28, 2000 (and, as
2459), Executive Order 12047 of March October 19, 1965 (79 Stat. 985; 22 U.S.C. appropriate, Delegation of Authority No.
27, 1978, the Foreign Affairs Reform and 2459), Executive Order 12047 of March 257 of April 15, 2003), I hereby
Restructuring Act of 1998 (112 Stat. 27, 1978, the Foreign Affairs Reform and determine that the objects to be
2681, et seq.; 22 U.S.C. 6501 note, et Restructuring Act of 1998 (112 Stat. included in the exhibition ‘‘Breguet: Art
seq.), Delegation of Authority No. 234 of 2681, et seq.; 22 U.S.C. 6501 note, et and Innovation in Watchmaking,’’
October 1, 1999, Delegation of Authority seq.), Delegation of Authority No. 234 of imported from abroad for temporary
No. 236–3 of August 28, 2000 (and, as October 1, 1999, Delegation of Authority exhibition within the United States, are
appropriate, Delegation of Authority No. No. 236–3 of August 28, 2000 (and, as of cultural significance. The objects are
257 of April 15, 2003), I hereby appropriate, Delegation of Authority No. imported pursuant to loan agreements
determine that the objects to be 257 of April 15, 2003), I hereby with the foreign owners or custodians.
included in the exhibition ‘‘Kongo: determine that the objects to be I also determine that the exhibition or
Power and Majesty,’’ imported from included in the exhibition ‘‘Berlin display of the exhibit objects at the Fine
abroad for temporary exhibition within Metropolis: 1918–1933,’’ imported from Arts Museums of San Francisco, Legion
the United States, are of cultural abroad for temporary exhibition within of Honor, San Francisco, California,
significance. The objects are imported the United States, are of cultural from on or about September 19, 2015,
pursuant to loan agreements with the significance. The objects are imported until on or about January 10, 2016, and
foreign owners or custodians. I also pursuant to loan agreements with the at possible additional exhibitions or
determine that the exhibition or display foreign owners or custodians. I also venues yet to be determined, is in the
of the imported objects at The determine that the exhibition or display
national interest. I have ordered that
Metropolitan Museum of Art, New York, of the exhibit objects at the Neue Galerie
Public Notice of these Determinations
New York, from on or about September New York, New York, New York, from
be published in the Federal Register.
on or about October 1, 2015, until on or
27 FINRA stated that the proposed rule change about January 4, 2016, and at possible FOR FURTHER INFORMATION CONTACT: For
would ‘‘allow FINRA to adopt different delivery additional exhibitions or venues yet to further information, including a list of
methods in the future based on technology changes be determined, is in the national the imported objects, contact the Office
without having to amend the rule each time.’’ See
tkelley on DSK3SPTVN1PROD with NOTICES
id. at 34779. This statement was based on the interest. I have ordered that Public of Public Diplomacy and Public Affairs
addition of the phrase ‘‘or such other technological Notice of these Determinations be in the Office of the Legal Adviser, U.S.
manner and format as specified by FINRA,’’ to Rule published in the Federal Register. Department of State (telephone: 202–
1250(a)(6). The Commission notes, however, that
FINRA must comply with the requirements of
FOR FURTHER INFORMATION CONTACT: For 632–6471; email: section2459@
Section 19(b) of the Act. further information, including a list of state.gov). The mailing address is U.S.
28 15 U.S.C. 78s(b)(2). the imported objects, contact the Office Department of State, L/PD, SA–5, Suite
29 17 CFR 200.30–3(a)(12). of Public Diplomacy and Public Affairs 5H03, Washington, DC 20522–0505.
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Document Created: 2018-02-23 10:55:53
Document Modified: 2018-02-23 10:55:53
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
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| Section | Notices | |
| FR Citation | 80 FR 47018 |
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