80_FR_68501 80 FR 68288 - Treatment of Certain Transfers of Property to Foreign Corporations; Correction

80 FR 68288 - Treatment of Certain Transfers of Property to Foreign Corporations; Correction

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 80, Issue 213 (November 4, 2015)

Page Range68288-68289
FR Document2015-28013

This document contains corrections to a notice of proposed rulemaking (REG-139483-13) that was published in the Federal Register on Wednesday, September 16, 2015 (80 FR 55568). The proposed regulations are relating to certain transfers of property by United States persons to foreign corporations.

Federal Register, Volume 80 Issue 213 (Wednesday, November 4, 2015) 
[Federal Register Volume 80, Number 213 (Wednesday, November 4, 2015)]
[Proposed Rules]
[Pages 68288-68289]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-28013]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-139483-13]
RIN 1545-BL87


Treatment of Certain Transfers of Property to Foreign 
Corporations; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

[[Page 68289]]


ACTION: Correction to a notice of proposed rulemaking.

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SUMMARY: This document contains corrections to a notice of proposed 
rulemaking (REG-139483-13) that was published in the Federal Register 
on Wednesday, September 16, 2015 (80 FR 55568). The proposed 
regulations are relating to certain transfers of property by United 
States persons to foreign corporations.

DATES: Written or electronic comments and requests for a public hearing 
for the notice of proposed rulemaking published at 80 FR 55568, 
September 16, 2015 are still being accepted and must be received by 
December 15, 2015.

FOR FURTHER INFORMATION CONTACT: Ryan A. Bowmen at (202) 317-6937 (not 
a toll free number).

SUPPLEMENTARY INFORMATION: 

Background

    The notice of proposed rulemaking (REG-139483-13) that is the 
subject of these corrections is under section 367 of the Internal 
Revenue Code.

Need for Correction

    As published, the notice of proposed rulemaking (REG-139483-13) 
contains errors that may prove to be misleading and are in need of 
clarification.

Correction of Publication

    Accordingly, the notice of proposed rulemaking (REG-139483-13), 
that was the subject of FR Doc. 2015-23279, is corrected as follows:
    1. On page 55571, in the preamble, third column, fourth line from 
the top of the column, the language ``intangible property. The 
proposed'' is corrected to read ``intangible property. The specific 
provisions of the temporary regulations that will be replaced by the 
proposed regulations will be removed upon finalization. The proposed''.
    2. On page 55571, in the preamble, third column, sixth line from 
the bottom of the column, the language ``under proposed Sec.  1.367(a)-
2. The'' is corrected to read ``under proposed Sec.  1.367(a)-2. 
Accordingly, upon finalization of the proposed regulations, current 
Sec. Sec.  1.367(a)-2T, 4T, and 5T will be removed. The''.


Sec.  1.367(a)-4  [Corrected]

    3. On Page 55580, first column, the twenty-sixth line of paragraph 
(a)(1)(ii), the language ``paragraph (b)(3) the term ``related'' is 
corrected to read ``paragraph (a)(3) the term ``related''.

Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel, (Procedure and Administration).
[FR Doc. 2015-28013 Filed 11-3-15; 8:45 am]
 BILLING CODE 4830-01-P

68288 Federal Register / Vol. 80, No. 213 / Wednesday, November 4, 2015 / Proposed Rules file the supplemental report.11 The List of Subjects in 17 CFR Part 300 (iii) An independent public proposed SIPC rules incorporate this Brokers, Securities. accountant’s report. The independent relief by providing that a SIPC member public accountant, who must be broker-dealer is exempt from filing the Text of the Amendments independent in accordance with the supplemental report if the broker-dealer In accordance with the foregoing, provisions of 17 CFR 240.210.2–01, reports $500,000 or less in total revenue Title 17, Chapter II of the Code of must be engaged to perform the in its ‘‘annual audited statement of Federal Regulations is proposed to be following agreed-upon procedures in income’’ filed with the Commission. amended as follows: accordance with standards of the Public The proposed rules also provide that the Company Accounting Oversight Board independent public accountant must be PART 300—RULES OF THE (PCAOB): independent in accordance with the SECURITIES INVESTOR PROTECTION (A) Compare assessment payments provisions of 17 CFR 240.2–01 and that CORPORATION made in accordance with the General the accountant must be engaged to Assessment Payment Form (Form SIPC– perform the enumerated agreed-upon ■ 1. The authority citation for part 300 6) and applied to the General procedures in accordance with continues to read as follows: Assessment calculation on the Form standards of the Public Company Authority: 15 U.S.C. 78ccc. SIPC–7 with respective cash Accounting Oversight Board. Finally, ■ 2. An undesignated center heading disbursements record entries; under paragraph (e) of Rule 17a–5, a and § 300.600 are added to read as (B) For all or any portion of a fiscal broker-dealer’s annual reports must be follows: year, compare amounts reflected in the prepared and filed in accordance with audited financial statements required by certain enumerated requirements. Rules Relating to Supplemental Report SEC Rule with amounts reported in the Paragraph (e)(4) of Rule 17a–5 requires on SIPC Membership Form SIPC–7; the broker-dealer to file the § 300.600 Rules relating to supplemental (C) Compare adjustments reported in supplemental report, and paragraph report on SIPC membership. the Form SIPC–7 with supporting (e)(5) of Rule 17a–5 requires that a schedules and working papers (a)(i) Who must file the supplemental broker-dealer’s annual reports be filed supporting the adjustments; report. Except as provided in paragraph not more than 60 calendar days after the (D) Verify the arithmetical accuracy of (a)(ii) of this section, a broker or dealer fiscal year end of the broker-dealer. the calculations reflected in the Form must file with SIPC, within 60 days after Accordingly, the proposed rules provide SIPC–7 and in the schedules and the end of its fiscal year, a supplemental that a broker-dealer must file the working papers supporting any report on the status of its membership supplemental report within 60 days adjustments; and in SIPC (commonly referred to as the after the end of its fiscal year. In other (E) Compare the amount of any ‘‘Independent Accountants’ Report on respects, the proposed rules largely overpayment applied with the Form Applying Agreed-Upon Procedures’’) if mirror the text of paragraphs SIPC–7 on which it was computed; or a rule of the Securities and Exchange (e)(4)(ii)(A), (B), and (C) of Rule 17a–5. (F) If exclusion from membership is Commission (SEC) requires the broker claimed, compare the income or loss II. Date of Effectiveness of the Proposed or dealer to file audited financial reported in the audited financial Rule Change and Timing for statements annually. (ii) If the broker or dealer is a member statements required by SEC Rule with Commission Action of SIPC, the broker or dealer is not the Form SIPC–3. Within thirty-five days of the date of * * * * * required to file the supplemental report publication of this notice in the Federal for any year in which it reports For the Commission, by the Division of Register, or within such longer period $500,000 or less in total revenues in its Trading and Markets, pursuant to delegated (i) as the Commission may designate of authority.12 annual audited statement of income not more than ninety days after such filed with the SEC. Dated: October 28, 2015. date if it finds such longer period to be (b) Requirements of the supplemental appropriate and publishes its reasons Robert W. Errett, report. The supplemental report must Deputy Secretary. for so finding or (ii) as to which SIPC cover the SIPC Annual General consents, the Commission shall: [FR Doc. 2015–27921 Filed 11–3–15; 8:45 am] Assessment Reconciliation Form (Form (A) By order approve such proposed SIPC–7) or the Certification of Exclusion BILLING CODE 8011–01–P rule change or From Membership Form (Form SIPC–3) (B) Institute proceedings to determine for each year for which an SEC Rule whether such proposed rule change requires audited financial statements to DEPARTMENT OF THE TREASURY should be disapproved. be filed. The supplemental report must To allow public access to SIPC’s rules, include the following: Internal Revenue Service SIPC rules that are approved by the (i) A copy of the form filed or a Commission are published under Part schedule of assessment payments 26 CFR Part 1 300 of 17 CFR Chapter II. showing any overpayments applied and overpayments carried forward, [REG–139483–13] III. Statutory Authority including payment dates, amounts, and Pursuant to SIPA, 15 U.S.C. 78aaa et RIN 1545–BL87 name of SIPC collection agent to whom rmajette on DSK7SPTVN1PROD with PROPOSALS seq., and particularly, section 3(e) (15 mailed; or Treatment of Certain Transfers of U.S.C. 78ccc(e), SIPC proposes to adopt (ii) If exclusion from membership was 300.600 of Title 17 of the Code of Property to Foreign Corporations; claimed, a statement that the broker or Correction Federal Regulations. dealer qualified for exclusion from membership under the Securities AGENCY: Internal Revenue Service (IRS), 11 SeeLetter dated January 9, 1989 from Michael Investor Protection Act of 1970, as Treasury. A. Macchiaroli, SEC, to Theodore H. Focht, President and General Counsel, SIPC (SEC No- amended, and the date the Form SIPC– Action Letter 1989 WL 245631). 3 was filed with SIPC; and 12 17 CFR 200.30–3(f)(3). VerDate Sep<11>2014 13:42 Nov 03, 2015 Jkt 238001 PO 00000 Frm 00021 Fmt 4702 Sfmt 4702 E:\FR\FM\04NOP1.SGM 04NOP1

Federal Register / Vol. 80, No. 213 / Wednesday, November 4, 2015 / Proposed Rules 68289 ACTION:Correction to a notice of ‘‘related’’ is corrected to read Office of Pesticide Programs, proposed rulemaking. ‘‘paragraph (a)(3) the term ‘‘related’’. Environmental Protection Agency, 1200 Pennsylvania Ave. NW., Washington, Martin V. Franks, SUMMARY: This document contains DC 20460–0001. As part of the mailing Chief, Publications and Regulations Branch, address, include the contact person’s corrections to a notice of proposed Legal Processing Division, Associate Chief rulemaking (REG–139483–13) that was Counsel, (Procedure and Administration). name, division, and mail code. The published in the Federal Register on division to contact is listed at the end [FR Doc. 2015–28013 Filed 11–3–15; 8:45 am] Wednesday, September 16, 2015 (80 FR of each pesticide petition summary. BILLING CODE 4830–01–P 55568). The proposed regulations are SUPPLEMENTARY INFORMATION: relating to certain transfers of property I. General Information by United States persons to foreign ENVIRONMENTAL PROTECTION corporations. A. Does this action apply to me? AGENCY You may be potentially affected by DATES: Written or electronic comments 40 CFR Part 180 this action if you are an agricultural and requests for a public hearing for the producer, food manufacturer, or notice of proposed rulemaking [EPA–HQ–OPP–2015–0032; FRL–9936–13] pesticide manufacturer. The following published at 80 FR 55568, September Receipt of Several Pesticide Petitions list of North American Industrial 16, 2015 are still being accepted and Filed for Residues of Pesticide Classification System (NAICS) codes is must be received by December 15, 2015. Chemicals in or on Various not intended to be exhaustive, but rather FOR FURTHER INFORMATION CONTACT: Commodities provides a guide to help readers Ryan A. Bowmen at (202) 317–6937 (not determine whether this document AGENCY: Environmental Protection applies to them. Potentially affected a toll free number). Agency (EPA). entities may include: SUPPLEMENTARY INFORMATION: ACTION: Notice of filing of petitions and • Crop production (NAICS code 111). request for comment. • Animal production (NAICS code Background 112). SUMMARY: This document announces the • Food manufacturing (NAICS code The notice of proposed rulemaking Agency’s receipt of several initial filings (REG–139483–13) that is the subject of 311). of pesticide petitions requesting the • Pesticide manufacturing (NAICS these corrections is under section 367 of establishment or modification of code 32532). the Internal Revenue Code. regulations for residues of pesticide If you have any questions regarding chemicals in or on various commodities. the applicability of this action to a Need for Correction DATES: Comments must be received on particular entity, consult the person As published, the notice of proposed or before December 4, 2015. listed under FOR FURTHER INFORMATION rulemaking (REG–139483–13) contains ADDRESSES: Submit your comments, CONTACT for the division listed at the errors that may prove to be misleading identified by docket identification (ID) end of the pesticide petition summary of and are in need of clarification. number and the pesticide petition interest. number (PP) of interest as shown in the Correction of Publication body of this document, by one of the B. What should I consider as i prepare following methods: my comments for EPA? Accordingly, the notice of proposed • Federal eRulemaking Portal: http:// 1. Submitting CBI. Do not submit this rulemaking (REG–139483–13), that was www.regulations.gov. Follow the online information to EPA through the subject of FR Doc. 2015–23279, is instructions for submitting comments. regulations.gov or email. Clearly mark corrected as follows: Do not submit electronically any the part or all of the information that 1. On page 55571, in the preamble, information you consider to be you claim to be CBI. For CBI third column, fourth line from the top Confidential Business Information (CBI) information in a disk or CD–ROM that of the column, the language ‘‘intangible or other information whose disclosure is you mail to EPA, mark the outside of the property. The proposed’’ is corrected to restricted by statute. disk or CD–ROM as CBI and then read ‘‘intangible property. The specific • Mail: OPP Docket, Environmental identify electronically within the disk or provisions of the temporary regulations Protection Agency Docket Center (EPA/ CD–ROM the specific information that that will be replaced by the proposed DC), (28221T), 1200 Pennsylvania Ave. is claimed as CBI. In addition to one regulations will be removed upon NW., Washington, DC 20460–0001. complete version of the comment that finalization. The proposed’’. • Hand Delivery: To make special includes information claimed as CBI, a arrangements for hand delivery or copy of the comment that does not 2. On page 55571, in the preamble, delivery of boxed information, please contain the information claimed as CBI third column, sixth line from the bottom follow the instructions at http:// must be submitted for inclusion in the of the column, the language ‘‘under www.epa.gov/dockets/contacts.html. public docket. Information so marked proposed § 1.367(a)–2. The’’ is corrected Additional instructions on will not be disclosed except in to read ‘‘under proposed § 1.367(a)–2. commenting or visiting the docket, accordance with procedures set forth in Accordingly, upon finalization of the along with more information about 40 CFR part 2. rmajette on DSK7SPTVN1PROD with PROPOSALS proposed regulations, current dockets generally, is available at http:// 2. Tips for preparing your comments. §§ 1.367(a)–2T, 4T, and 5T will be www.epa.gov/dockets. When preparing and submitting your removed. The’’. FOR FURTHER INFORMATION CONTACT: comments, see the commenting tips at § 1.367(a)–4 [Corrected] Susan Lewis, Registration Division (RD) http://www.epa.gov/dockets/ (7505P), main telephone number: (703) comments.html. 3. On Page 55580, first column, the 305–7090; email address: 3. Environmental justice. EPA seeks to twenty-sixth line of paragraph (a)(1)(ii), RDFRNotices@epa.gov. The mailing achieve environmental justice, the fair the language ‘‘paragraph (b)(3) the term address for each contact person is: treatment and meaningful involvement VerDate Sep<11>2014 13:42 Nov 03, 2015 Jkt 238001 PO 00000 Frm 00022 Fmt 4702 Sfmt 4702 E:\FR\FM\04NOP1.SGM 04NOP1


Document Created: 2018-03-01 11:28:24
Document Modified: 2018-03-01 11:28:24
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionProposed Rules
ActionCorrection to a notice of proposed rulemaking.
DatesWritten or electronic comments and requests for a public hearing for the notice of proposed rulemaking published at 80 FR 55568, September 16, 2015 are still being accepted and must be received by December 15, 2015.
ContactRyan A. Bowmen at (202) 317-6937 (not a toll free number).
FR Citation80 FR 68288 
RIN Number1545-BL87
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