80_FR_8721 80 FR 8689 - Notice of Extension of Comment Period on Proposed Individual Exemption involving Credit Suisse AG (hereinafter, Credit Suisse AG)

80 FR 8689 - Notice of Extension of Comment Period on Proposed Individual Exemption involving Credit Suisse AG (hereinafter, Credit Suisse AG)

DEPARTMENT OF LABOR
Employee Benefits Security Administration

Federal Register Volume 80, Issue 32 (February 18, 2015)

Page Range8689-8690
FR Document2015-03014

Notice is hereby given that the Department of Labor (the Department) is extending the date by which comments may be submitted in connection with a proposed individual exemption published on November 18, 2014, at 79 FR 68712, involving ``qualified professional asset managers'' that are affiliated with, or related to, Credit Suisse AG. Comments on the proposed exemption may now be submitted to the Department on or before March 2, 2015.

Federal Register, Volume 80 Issue 32 (Wednesday, February 18, 2015) 
[Federal Register Volume 80, Number 32 (Wednesday, February 18, 2015)]
[Notices]
[Pages 8689-8690]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-03014]


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DEPARTMENT OF LABOR

Employee Benefits Security Administration

[Application No. D-11837]


Notice of Extension of Comment Period on Proposed Individual 
Exemption involving Credit Suisse AG (hereinafter, Credit Suisse AG)

AGENCY: Employee Benefits Security Administration, U.S. Department of 
Labor.

ACTION: Notice of extension of comment period.

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SUMMARY: Notice is hereby given that the Department of Labor (the 
Department) is extending the date by which comments may be submitted in 
connection with a proposed individual exemption published on November 
18, 2014, at 79 FR 68712, involving ``qualified professional asset 
managers'' that are affiliated with, or related to, Credit Suisse AG. 
Comments on the proposed exemption may now be submitted to the 
Department on or before March 2, 2015.

ADDRESSES: All written supplemental information should be directed to 
the Office of Exemption Determinations, Employee Benefits Security 
Administration, Room N-5700, U.S. Department of Labor, 200 Constitution 
Avenue NW., Washington, DC 20210, Attention: Application No. D-11837. 
Any such submission must be received on or before March 2, 2015. The 
application regarding the proposed exemption and the comments received 
(and prior hearing requests) will be available for public inspection in 
the Public Disclosure Room of the Employee Benefits Security 
Administration, U.S. Department of Labor, Room N-1515, 200 Constitution 
Avenue NW., Washington, DC 20210. Comments (and prior hearing requests) 
will also be made available online through http://www.regulations.gov 
and www.dol.gov/ebsa at no charge.

FOR FURTHER INFORMATION CONTACT: Erin S. Hesse, Office of Exemption 
Determinations, Employee Benefits Security Administration, U.S. 
Department of Labor, telephone (202) 693-8546 (this is not a toll-free 
number).

SUPPLEMENTARY INFORMATION: On September 3, 2014, the Department 
published in the Federal Register, at 79 FR 52365, a notice of pendency 
of a proposed individual exemption (the First Proposed Exemption) for 
certain affiliates of Credit Suisse AG and for certain other entities 
in which Credit Suisse AG owns a 5% or more interest to continue to 
rely on the relief provided by Prohibited Transaction Class Exemption 
(PTE) 84-14,\1\ notwithstanding a judgment of conviction against Credit 
Suisse AG for one count of conspiracy to violate section 7206(2) of the 
Internal Revenue Code in violation of Title 18, United States Code, 
Section 371, to be entered in the District Court for the Eastern 
District of Virginia in Case Number 1:14-cr-188-RBS. In that notice, 
the Department invited interested persons to submit written comments 
and requests for a public hearing.
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    \1\ 49 FR 9494 (March 13, 1984), as corrected at 50 FR 41430 
(October 10, 1985), as amended at 70 FR 49305 (August 23, 2005), and 
as amended at 75 FR 38837 (July 6, 2010).
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    Following publication of the First Proposed Exemption, and in 
connection therewith, the Department received several requests for a 
public hearing. To ensure that both: (1) Plans with assets managed by 
qualified professional asset managers that are affiliated with or 
related to Credit Suisse did not incur sudden losses to the extent such 
managers could no longer rely on the relief set forth in PTE 84-14 as 
of the scheduled date of the conviction (November 21, 2014); and (2) 
comments on the proposed exemption were properly heard and addressed; 
the Department issued, on November 18, 2014: (A) A final temporary 
conditional exemption regarding the First Proposed Exemption at 79 FR 
68716; (B) a new proposed conditional exemption (the Second Proposed 
Exemption) at 79 FR 68712, that, if granted, would allow Credit Suisse 
AG affiliated and related QPAMs to rely on PTE 84-14 on a permanent 
basis; and (C) a notice of hearing regarding the Second Proposed 
Exemption, at 79 FR 68711.
    A public hearing regarding the Second Proposed Exemption was 
subsequently held in Washington, DC, on January 15, 2015. At the 
hearing, the Department informed commenters that the record for the 
Second Proposed Exemption would be kept open until January 26, 2015.
    The Department now believes that commenters may need additional 
time to review the hearing transcript prior to supplementing the record 
for the Second Proposed Exemption. The transcript is now available 
online through http://www.regulations.gov and www.dol.gov/ebsa. The 
transcript is also available through the Public Disclosure Room of the 
Employee Benefits Security Administration, U.S. Department of Labor, 
Room N-1515, 200 Constitution Avenue NW., Washington, DC 20210.
    Supplemental information submitted in connection with the Second 
Proposed Exemption must be received by the Department on or before 
March 2, 2015.
    Warning: All comments received will be included in the public 
record without change and will be made available online at http://www.regulations.gov and www.dol.gov/ebsa. The Department will endeavor 
to redact certain protected personal information, but it is possible 
that some such information may be disclosed. Therefore, if you submit a 
comment, the Department recommends that you include your name and other 
contact information in the body of your comment, but DO NOT submit 
information that you consider to be confidential, or otherwise 
protected (such as Social Security number or an unlisted phone number) 
or confidential business information that you do not want publicly 
disclosed. Furthermore, if the Department cannot read your comment due 
to technical difficulties and cannot contact you for clarification, 
EBSA might not be able to consider your comment. Additionally, the 
http://www.regulations.gov Web site is an ``anonymous access'' system, 
which means the Department will not know your identity or contact 
information unless you complete the applicable fields or provide it in 
the body of your comment. If you send an email directly to the 
Department without going through http://www.regulations.gov, your email 
address will be automatically captured and included as part of the 
comment that is placed in the public record and made available on the 
Internet.


[[Page 8690]]


    Signed at Washington, DC, this 9th day of February, 2015.
Lyssa Hall,
Director of Exemption Determinations, Employee Benefits Security 
Administration, U.S. Department of Labor.
[FR Doc. 2015-03014 Filed 2-17-15; 8:45 am]
BILLING CODE 4510-29-P

Federal Register / Vol. 80, No. 32 / Wednesday, February 18, 2015 / Notices 8689 will be made to the statements received, Administration, U.S. Department of hearing regarding the Second Proposed as they are public records. Labor, Room N–1515, 200 Constitution Exemption, at 79 FR 68711. Individuals or representatives of Avenue NW., Washington, DC 20210. A public hearing regarding the organizations wishing to address the Comments (and prior hearing requests) Second Proposed Exemption was Advisory Council should forward their will also be made available online subsequently held in Washington, DC, requests to the Executive Secretary or through http://www.regulations.gov and on January 15, 2015. At the hearing, the telephone (202) 693–8668. Oral www.dol.gov/ebsa at no charge. presentations will be limited to ten Department informed commenters that FOR FURTHER INFORMATION CONTACT: Erin the record for the Second Proposed minutes, time permitting, but an S. Hesse, Office of Exemption extended statement may be submitted Exemption would be kept open until Determinations, Employee Benefits January 26, 2015. for the record. Individuals with Security Administration, U.S. disabilities who need special Department of Labor, telephone (202) The Department now believes that accommodations, or others who need 693–8546 (this is not a toll-free commenters may need additional time special accommodations, should contact number). to review the hearing transcript prior to the Executive Secretary by March 13. supplementing the record for the Signed at Washington, DC, this 6th day of SUPPLEMENTARY INFORMATION: On Second Proposed Exemption. The February, 2015. September 3, 2014, the Department transcript is now available online Assistant Secretary, Employee Benefits published in the Federal Register, at 79 through http://www.regulations.gov and Security Administration. FR 52365, a notice of pendency of a www.dol.gov/ebsa. The transcript is also [FR Doc. 2015–03282 Filed 2–17–15; 8:45 am] proposed individual exemption (the available through the Public Disclosure BILLING CODE 4510–29–P First Proposed Exemption) for certain Room of the Employee Benefits Security affiliates of Credit Suisse AG and for Administration, U.S. Department of certain other entities in which Credit Labor, Room N–1515, 200 Constitution DEPARTMENT OF LABOR Suisse AG owns a 5% or more interest Avenue NW., Washington, DC 20210. to continue to rely on the relief Employee Benefits Security provided by Prohibited Transaction Supplemental information submitted Administration Class Exemption (PTE) 84–14,1 in connection with the Second Proposed notwithstanding a judgment of Exemption must be received by the [Application No. D–11837] Department on or before March 2, 2015. conviction against Credit Suisse AG for Notice of Extension of Comment one count of conspiracy to violate Warning: All comments received will Period on Proposed Individual section 7206(2) of the Internal Revenue be included in the public record Exemption involving Credit Suisse AG Code in violation of Title 18, United without change and will be made (hereinafter, Credit Suisse AG) States Code, Section 371, to be entered available online at http:// in the District Court for the Eastern www.regulations.gov and www.dol.gov/ AGENCY: Employee Benefits Security District of Virginia in Case Number ebsa. The Department will endeavor to Administration, U.S. Department of 1:14–cr–188–RBS. In that notice, the redact certain protected personal Labor. Department invited interested persons information, but it is possible that some ACTION: Notice of extension of comment to submit written comments and such information may be disclosed. period. requests for a public hearing. Therefore, if you submit a comment, the SUMMARY: Notice is hereby given that Following publication of the First Department recommends that you the Department of Labor (the Proposed Exemption, and in connection include your name and other contact Department) is extending the date by therewith, the Department received information in the body of your which comments may be submitted in several requests for a public hearing. To comment, but DO NOT submit connection with a proposed individual ensure that both: (1) Plans with assets information that you consider to be exemption published on November 18, managed by qualified professional asset confidential, or otherwise protected 2014, at 79 FR 68712, involving managers that are affiliated with or (such as Social Security number or an ‘‘qualified professional asset managers’’ related to Credit Suisse did not incur unlisted phone number) or confidential that are affiliated with, or related to, sudden losses to the extent such business information that you do not Credit Suisse AG. Comments on the managers could no longer rely on the want publicly disclosed. Furthermore, if proposed exemption may now be relief set forth in PTE 84–14 as of the the Department cannot read your submitted to the Department on or scheduled date of the conviction comment due to technical difficulties before March 2, 2015. (November 21, 2014); and (2) comments and cannot contact you for clarification, on the proposed exemption were EBSA might not be able to consider your ADDRESSES: All written supplemental properly heard and addressed; the comment. Additionally, the http:// information should be directed to the Department issued, on November 18, www.regulations.gov Web site is an Office of Exemption Determinations, 2014: (A) A final temporary conditional ‘‘anonymous access’’ system, which Employee Benefits Security exemption regarding the First Proposed means the Department will not know Administration, Room N–5700, U.S. Exemption at 79 FR 68716; (B) a new your identity or contact information Department of Labor, 200 Constitution proposed conditional exemption (the unless you complete the applicable Avenue NW., Washington, DC 20210, Second Proposed Exemption) at 79 FR fields or provide it in the body of your Attention: Application No. D–11837. 68712, that, if granted, would allow emcdonald on DSK67QTVN1PROD with NOTICES Any such submission must be received comment. If you send an email directly Credit Suisse AG affiliated and related to the Department without going on or before March 2, 2015. The QPAMs to rely on PTE 84–14 on a through http://www.regulations.gov, application regarding the proposed permanent basis; and (C) a notice of your email address will be exemption and the comments received (and prior hearing requests) will be automatically captured and included as 1 49 FR 9494 (March 13, 1984), as corrected at 50 available for public inspection in the FR 41430 (October 10, 1985), as amended at 70 FR part of the comment that is placed in the Public Disclosure Room of the 49305 (August 23, 2005), and as amended at 75 FR public record and made available on the Employee Benefits Security 38837 (July 6, 2010). Internet. VerDate Sep<11>2014 19:32 Feb 17, 2015 Jkt 235001 PO 00000 Frm 00101 Fmt 4703 Sfmt 4703 E:\FR\FM\18FEN1.SGM 18FEN1

8690 Federal Register / Vol. 80, No. 32 / Wednesday, February 18, 2015 / Notices Signed at Washington, DC, this 9th day of p.m. ET on Wednesday, February 25, will be administered in partnership February, 2015. 2015. with the Department of Education. Lyssa Hall, To plan this competition, the Director of Exemption Determinations, ADDRESSES: The listening session will Departments of Labor and Education Employee Benefits Security Administration, be conducted virtually via live webcast. will engage stakeholders in a national U.S. Department of Labor. ETA will post the agenda and logistical dialogue to learn and understand [FR Doc. 2015–03014 Filed 2–17–15; 8:45 am] information on how to participate via concerns and ideas related to the BILLING CODE 4510–29–P Internet on the Online Skills Academy following topics: Web site at http://www.doleta.gov/ skillsacademy in advance of the • Technology-enabled and online DEPARTMENT OF LABOR listening session. The session is open to learning, including use of open the public and the entire proceedings platforms Employment and Training will be webcast, recorded, and made • Accelerated career pathways Administration publicly available. Interested parties leading to industry-recognized may participate via webcast only. credentials in in-demand fields Public Listening Session Capacity is not limited but registration • Contextualized learning AGENCY: Employment and Training is required. For information on how to • Online and technology enabled Administration (ETA), Labor. register, go to http://www.doleta.gov/ assessment tools, including ACTION: Notice of public listening skillsacademy. Registration will be open competency-based and open access session. until the listening session begins. In assessments addition to attending joining the virtual • Use of local labor market SUMMARY: In preparation for launching session via webinar, ETA would like to information and employer engagement the Online Skills Academy described in solicit comments electronically to in identification of in-demand skills and the Administration’s ‘‘Ready to Work: skillsacademy@dol.gov. Comments must credentials Job-Driving Training and American be received by 5:00 p.m. ET on Opportunity’’ report, the Department of Wednesday, February 25, 2015. II. Instructions for Attending the Labor (Department), Employment and Listening Session SUPPLEMENTARY INFORMATION: Training Administration is hosting a Space for attendance at this virtual virtual listening session to solicit I. Background listening session is not limited; information and public input however, you must register to attend. concerning the development of an In July 2014, Vice President Joe Biden Information on how to register and Online Skills Academy. This listening released a report on federal job-driven participate will be posted on the Online session will be hosted in partnership training programs, http:// Skills Academy Web site at http:// with the Department of Education. www.whitehouse.gov/sites/default/files/ www.doleta.gov/skillsacademy in The listening session will provide an skills_report_072014_2.pdf. Among advance of the listening session. opportunity for stakeholders to provide other things, programs and initiatives their comments and suggestions and identified in this report highlight the III. Draft Agenda for the February 20, engage in a national dialogue regarding importance of strategies that are 2015 Listening Session the implementation of this priority responsive to employer needs in order Welcome and Introductions—2:00 p.m. funding. to effectively place ready-to-work ET to 2:20 p.m. ET Instructions regarding registering for Americans in jobs that are available now Overview of Online Skills Academy and attending the listening session are or train them in the skills needed for Vision and Required Components— in the SUPPLEMENTARY INFORMATION better jobs. The report also highlighted 2:20 p.m. ET to 2:30 p.m. ET section of this notice. future initiatives that expand the tools for job seekers to find pathways to better Open Comment Period—2:30 p.m. ET to DATES: jobs. One of these initiatives is the 4:00 p.m. ET Listening Session: The virtual Department of Labor’s Online Skills • Topic #1—Online Education and listening session will be on, Friday, Academy, a competition to award up to Learning February 20, 2015, and will begin at 2:00 p.m. and is scheduled to end by $25 million for partnerships that will • Topic #2—Open Educational 4:00 p.m. offer open, online courses of study, Resources and Open Platforms Registration: You must register to helping students earn credentials online • Topic #3—Training Unemployed attend this virtual listening session. through participating accredited Workers and Non-traditional ETA will post specific information on institutions, and expanding access to Learners how to register and participate via the curriculum designed to speed the time • Topic #4—Developing Career Internet on the Online Skills Academy to credit and completion. Building off Pathways in High-Demand Sectors Web site at www.doleta.gov/ the burgeoning marketplace of free and • Topic #5—Developing Assessments skillsacademy in advance of the openly-licensed learning resources, The agenda will be strictly followed; listening session. including the content developed participants may attend all or part of the Comments: A transcript of all public through the Trade Adjustment listening session as relevant. The comments will be available. This Assistance Community College and updated agenda will be posted on the transcript and any written comments Career Training (TAACCCT) grant Online Skills Academy Web site at emcdonald on DSK67QTVN1PROD with NOTICES submitted following the public listening program, this online skills academy will http://www.doleta.gov/skillsacademy in session will be posted on the Online ensure that workers can get the advance of the listening session. Skills Academy Web site at education and training they need to www.doleta.gov/skillsacademy by advance their careers by developing Portia Wu, Friday, February 27, 2015. Written skills in-demand by employers through Assistant Secretary for Employment and comments must be submitted courses that are free to access and Training, Labor. electronically to skillsacademy@dol.gov. provide a low cost means for earning [FR Doc. 2015–03208 Filed 2–17–15; 8:45 am] Comments must be received by 5:00 credentials and degrees. This initiative BILLING CODE 4510–FN–P VerDate Sep<11>2014 19:32 Feb 17, 2015 Jkt 235001 PO 00000 Frm 00102 Fmt 4703 Sfmt 9990 E:\FR\FM\18FEN1.SGM 18FEN1


Document Created: 2018-02-16 11:10:30
Document Modified: 2018-02-16 11:10:30
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
ActionNotice of extension of comment period.
ContactErin S. Hesse, Office of Exemption Determinations, Employee Benefits Security Administration, U.S. Department of Labor, telephone (202) 693-8546 (this is not a toll-free number).
FR Citation80 FR 8689 
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