81_FR_17743 81 FR 17682 - Market Risk Advisory Committee

81 FR 17682 - Market Risk Advisory Committee

COMMODITY FUTURES TRADING COMMISSION

Federal Register Volume 81, Issue 61 (March 30, 2016)

Page Range17682-17683
FR Document2016-07131

The Commodity Futures Trading Commission (CFTC) announces that on April 26, 2016, from 10:00 a.m. to 1:30 p.m., the Market Risk Advisory Committee (MRAC) will hold a public meeting at the CFTC's Washington, DC, headquarters. The MRAC will describe and discuss how well the derivatives markets are currently functioning, including the impact and implications of the evolving structure of these markets on the movement of risk across market participants. Specific topics to be covered are listed in this Notice.

Federal Register, Volume 81 Issue 61 (Wednesday, March 30, 2016) 
[Federal Register Volume 81, Number 61 (Wednesday, March 30, 2016)]
[Notices]
[Pages 17682-17683]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-07131]


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COMMODITY FUTURES TRADING COMMISSION


Market Risk Advisory Committee

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice of meeting.

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SUMMARY: The Commodity Futures Trading Commission (CFTC) announces that 
on April 26, 2016, from 10:00 a.m. to 1:30 p.m., the Market Risk 
Advisory Committee (MRAC) will hold a public meeting at the CFTC's 
Washington, DC, headquarters. The MRAC will describe and discuss how 
well the derivatives markets are currently functioning, including the 
impact and implications of the evolving structure of these markets on 
the movement of risk across market participants. Specific topics to be 
covered are listed in this Notice.

DATES: The meeting will be held on April 26, 2016, from 10:00 a.m. to 
1:30

[[Page 17683]]

p.m. Members of the public who wish to submit written statements in 
connection with the meeting should submit them by May 10, 2016.

ADDRESSES: The meeting will take place in the Conference Center at the 
CFTC's headquarters, Three Lafayette Centre, 1155 21st Street NW., 
Washington, DC 20581. Written statements should be submitted by mail 
to: Commodity Futures Trading Commission, Three Lafayette Centre, 1155 
21st Street NW., Washington, DC 20581, attention: Secretary of the 
Commission; or by electronic mail to: [email protected]. Please use 
the title ``Market Risk Advisory Committee'' in any written statement 
you submit. Any statements submitted in connection with the committee 
meeting will be made available to the public, including by publication 
on the CFTC Web site, www.cftc.gov.

FOR FURTHER INFORMATION CONTACT: Petal Walker, MRAC Designated Federal 
Officer, Commodity Futures Trading Commission, Three Lafayette Centre, 
1155 21st Street NW., Washington, DC 20581; (202) 418-5794.

SUPPLEMENTARY INFORMATION: The MRAC will describe and discuss how well 
the derivatives markets are currently functioning, including the impact 
and implications of the evolving structure of these markets on the 
movement of risk across market participants. Specifically, the MRAC 
will describe and discuss:
    (a) How effectively end-users and other market participants, in 
different asset classes (e.g., energy, rates), are able to find 
counterparties for transactions, receive accurate pricing and volume 
information, and otherwise access the markets; and
    (b) The extent and nature of the current use of portfolio 
compression and related services, and the benefits and challenges posed 
by portfolio compression activity in the derivatives markets.
    The meeting will be open to the public with seating on a first-
come, first-served basis. Members of the public may also listen to the 
meeting by telephone by calling a domestic toll-free telephone or 
international toll or toll-free number to connect to a live, listen-
only audio feed. Call-in participants should be prepared to provide 
their first name, last name, and affiliation.
    Domestic Toll Free: 1-866-844-9416.
    International Toll and Toll Free: Will be posted on the CFTC's Web 
site, www.cftc.gov, on the page for the meeting, under Related 
Documents.
    Pass Code/Pin Code: CFTC.
    After the meeting, a transcript of the meeting will be published 
through a link on the CFTC's Web site, www.cftc.gov. All written 
submissions provided to the CFTC in any form will also be published on 
the CFTC's Web site. Persons requiring special accommodations to attend 
the meeting because of a disability should notify the contact person 
listed in this Notice.

    Authority: 5 U.S.C. app. 2 Sec.  10(a)(2)).

    Dated: March 25, 2016.
Christopher J. Kirkpatrick,
Secretary of the Commission.
[FR Doc. 2016-07131 Filed 3-29-16; 8:45 am]
BILLING CODE 6351-01-P

17682 Federal Register / Vol. 81, No. 61 / Wednesday, March 30, 2016 / Notices marine mammal distribution through (vii) Environmental conditions (e.g., availability of marine mammals for the project period, accounting for sea wind speed and direction, Beaufort sea subsistence uses, must be implemented. state and other factors affecting state, cloud cover, and visibility); (12) This Authorization may be visibility and detectability of marine (viii) Description of marine mammal modified, suspended, or withdrawn if mammals); observations in the 24 hours preceding the holder fails to abide by the (ii) Summaries that represent an the incident; conditions prescribed herein or if the initial level of interpretation of the (ix) Species identification or authorized taking is having more than a efficacy, measurements, and description of the animal(s) involved; negligible impact on the species or stock observations, rather than raw data, fully (x) The fate of the animal(s); and of affected marine mammals, or if there (xi) Photographs or video footage of is an unmitigable adverse impact on the processed analyses, or a summary of the animal (if equipment is available). availability of such species or stocks for operations and important observations; (b) Activities shall not resume until (iii) Analyses of the effects of various subsistence uses. NMFS is able to review the (13) A copy of this Authorization and factors influencing detectability of circumstances of the prohibited take. the Incidental Take Statement must be marine mammals (e.g., sea state, number NMFS shall work with Quintillion to in the possession of each vessel operator of observers, and fog/glare); determine what is necessary to taking marine mammals under the (iv) Species composition, occurrence, minimize the likelihood of further authority of this Incidental Harassment and distribution of marine mammal prohibited take and ensure MMPA Authorization. sightings, including date, water depth, compliance. Quintillion may not resume (14) Quintillion is required to comply numbers, age/size/gender categories (if their activities until notified by NMFS with the Terms and Conditions of the determinable), group sizes, and ice via letter, email, or telephone. Incidental Take Statement cover; (c) In the event that Quintillion corresponding to NMFS’ Biological (v) Estimates of uncertainty in all take discovers an injured or dead marine Opinion. estimates, with uncertainty expressed mammal, and the lead PSO determines by the presentation of confidence limits, that the cause of the injury or death is Request for Public Comments a minimum-maximum, posterior unknown and the death is relatively NMFS requests comment on our probability distribution, or another recent (i.e., in less than a moderate state analysis, the draft authorization, and applicable method, with the exact of decomposition as described in the any other aspect of the Notice of approach to be selected based on the next paragraph), Quintillion will Proposed IHA for Quintillion’s sampling method and data available; immediately report the incident to the proposed subsea cable-laying operation and Chief, Permits and Conservation in the Bering, Chukchi, and Beaufort (vi) A clear comparison of authorized Division, Office of Protected Resources, seas. Please include with your takes and the level of actual estimated NMFS, at 301–427–8401 and the NMFS comments any supporting data or takes. Alaska Stranding Hotline (1–877–925– literature citations to help inform our (d) The draft report shall be subject to 7773). The report must include the same final decision on Quintillion’s request review and comment by NMFS. Any information identified in Condition for an MMPA authorization. recommendations made by NMFS must 10(a) above. Activities may continue Dated: March 24, 2016. be addressed in the final report prior to while NMFS reviews the circumstances Donna S. Wieting, acceptance by NMFS. The draft report of the incident. NMFS will work with Director, Office of Protected Resources, will be considered the final report for Quintillion to determine whether National Marine Fisheries Service. this activity under this Authorization if modifications in the activities are [FR Doc. 2016–07109 Filed 3–29–16; 8:45 am] NMFS has not provided comments and appropriate. BILLING CODE 3510–22–P recommendations within 90 days of (d) In the event that Quintillion receipt of the draft report. discovers an injured or dead marine (10)(a) In the unanticipated event that mammal, and the lead PSO determines that the injury or death is not associated COMMODITY FUTURES TRADING survey operations clearly cause the take COMMISSION of a marine mammal in a manner with or related to the activities prohibited by this Authorization, such authorized in Condition 3 of this Market Risk Advisory Committee as a serious injury or mortality (e.g., Authorization (e.g., previously wounded ship-strike, gear interaction, and/or animal, carcass with moderate to AGENCY: Commodity Futures Trading entanglement), Quintillion shall advanced decomposition, or scavenger Commission. immediately cease cable-laying damage), Quintillion shall report the ACTION: Notice of meeting. operations and immediately report the incident to the Chief, Permits and Conservation Division, Office of SUMMARY: The Commodity Futures incident to the Chief, Permits and Trading Commission (CFTC) announces Conservation Division, Office of Protected Resources, NMFS, at 301– 427–8401 and the NMFS Alaska that on April 26, 2016, from 10:00 a.m. Protected Resources, NMFS, at 301– to 1:30 p.m., the Market Risk Advisory 427–8401. The report must include the Stranding Hotline (1–877–925–7773) within 24 hours of the discovery. Committee (MRAC) will hold a public following information: meeting at the CFTC’s Washington, DC, Quintillion shall provide photographs (i) Time, date, and location (latitude/ headquarters. The MRAC will describe or video footage (if available) or other longitude) of the incident; and discuss how well the derivatives documentation of the stranded animal asabaliauskas on DSK3SPTVN1PROD with NOTICES (ii) The name and type of vessel sighting to NMFS and the Marine markets are currently functioning, involved; Mammal Stranding Network. including the impact and implications (iii) The vessel’s speed during and Quintillion can continue its operations of the evolving structure of these leading up to the incident; under such a case. markets on the movement of risk across (iv) Description of the incident; (11) The Plan of Cooperation market participants. Specific topics to (v) Status of all sound source use in outlining the steps that will be taken to be covered are listed in this Notice. the 24 hours preceding the incident; cooperate and communicate with the DATES: The meeting will be held on (vi) Water depth; native communities to ensure the April 26, 2016, from 10:00 a.m. to 1:30 VerDate Sep<11>2014 18:06 Mar 29, 2016 Jkt 238001 PO 00000 Frm 00020 Fmt 4703 Sfmt 4703 E:\FR\FM\30MRN1.SGM 30MRN1

Federal Register / Vol. 81, No. 61 / Wednesday, March 30, 2016 / Notices 17683 p.m. Members of the public who wish After the meeting, a transcript of the ADDRESSES: Persons wishing to to submit written statements in meeting will be published through a comment on this Settlement Agreement connection with the meeting should link on the CFTC’s Web site, should send written comments to the submit them by May 10, 2016. www.cftc.gov. All written submissions Comment 16–C0002, Office of the ADDRESSES: The meeting will take place provided to the CFTC in any form will Secretary, Consumer Product Safety in the Conference Center at the CFTC’s also be published on the CFTC’s Web Commission, 4330 East West Highway, headquarters, Three Lafayette Centre, site. Persons requiring special Room 820, Bethesda, Maryland 20814– 1155 21st Street NW., Washington, DC accommodations to attend the meeting 4408. 20581. Written statements should be because of a disability should notify the FOR FURTHER INFORMATION CONTACT: submitted by mail to: Commodity contact person listed in this Notice. Daniel R. Vice, Trial Attorney, Division Futures Trading Commission, Three Authority: 5 U.S.C. app. 2 § 10(a)(2)). of Compliance, Office of the General Lafayette Centre, 1155 21st Street NW., Dated: March 25, 2016. Counsel, Consumer Product Safety Washington, DC 20581, attention: Christopher J. Kirkpatrick, Commission, 4330 East West Highway, Secretary of the Commission; or by Bethesda, Maryland 20814–4408; Secretary of the Commission. electronic mail to: secretary@cftc.gov. telephone (301) 504–6996. [FR Doc. 2016–07131 Filed 3–29–16; 8:45 am] Please use the title ‘‘Market Risk SUPPLEMENTARY INFORMATION: The text of BILLING CODE 6351–01–P Advisory Committee’’ in any written the Agreement and Order appears statement you submit. Any statements below. submitted in connection with the Dated: March 25, 2016. committee meeting will be made CONSUMER PRODUCT SAFETY COMMISSION Todd A. Stevenson, available to the public, including by Secretary. publication on the CFTC Web site, [CPSC Docket No. 16–C0002] www.cftc.gov. UNITED STATES OF AMERICA Gree Electric Appliances, Inc. of CONSUMER PRODUCT SAFETY FOR FURTHER INFORMATION CONTACT: Zhuhai, Hong Kong Gree Electric COMMISSION Petal Walker, MRAC Designated Federal Appliances Sales Co., Ltd., and Gree Officer, Commodity Futures Trading In the Matter of: GREE ELECTRIC USA Sales, Ltd., Provisional Commission, Three Lafayette Centre, APPLIANCES, INC., OF ZHUHAI, Acceptance of a Settlement Agreement 1155 21st Street NW., Washington, DC HONG KONG GREE ELECTRIC and Order 20581; (202) 418–5794. APPLIANCES SALES CO., LTD., AND SUPPLEMENTARY INFORMATION: The AGENCY: Consumer Product Safety GREE USA SALES, LTD. MRAC will describe and discuss how Commission. CPSC Docket No.: 16–C0002 well the derivatives markets are ACTION: Notice. SETTLEMENT AGREEMENT currently functioning, including the SUMMARY: It is the policy of the 1. In accordance with the Consumer impact and implications of the evolving Commission to publish settlements Product Safety Act, 15 U.S.C. 2051– structure of these markets on the which it provisionally accepts under the 2089 (‘‘CPSA’’) and 16 CFR 1118.20, movement of risk across market Consumer Product Safety Act in the Gree Electric Appliances, Inc., of participants. Specifically, the MRAC Federal Register in accordance with the Zhuhai, Hong Kong Gree Electric will describe and discuss: terms of 16 CFR 1118.20(e). Published Appliances Sales Co., Ltd., and Gree (a) How effectively end-users and below is a provisionally-accepted USA Sales, Ltd. (collectively ‘‘Gree’’), other market participants, in different Settlement Agreement with Gree and the United States Consumer asset classes (e.g., energy, rates), are able Electric Appliances, Inc. of Zhuhai, Product Safety Commission to find counterparties for transactions, Hong Kong Gree Electric Appliances (‘‘Commission’’), through its staff, receive accurate pricing and volume Sales Co., Ltd., and Gree USA Sales, hereby enter into this Settlement information, and otherwise access the Ltd. containing a civil penalty in the Agreement (‘‘Agreement’’). The markets; and amount of fifteen million four hundred Agreement, and the incorporated (b) The extent and nature of the fifty thousand dollars (US$15,450,000) attached Order, resolve staff’s charges current use of portfolio compression within thirty (30) days of service of the that Gree is subject to civil penalties in and related services, and the benefits Commission’s final Order accepting the this matter, under section 20 of the and challenges posed by portfolio Settlement Agreement.1 CPSA, 15 U.S.C. 2069, as set forth compression activity in the derivatives DATES: Any interested person may ask below. markets. the Commission not to accept this The meeting will be open to the agreement or otherwise comment on its THE PARTIES public with seating on a first-come, first- contents by filing a written request with 2. The Commission is an independent served basis. Members of the public may the Office of the Secretary by April 14, federal regulatory agency, established also listen to the meeting by telephone 2016. pursuant to, and responsible for the by calling a domestic toll-free telephone enforcement of, the CPSA, 15 U.S.C. or international toll or toll-free number 1 The Commission voted (4–1) to provisionally 2051–2089. By executing the to connect to a live, listen-only audio accept the Settlement Agreement and Order regarding Gree Electric Appliances, Inc. of Zhuhai, Agreement, staff is acting on behalf of feed. Call-in participants should be the Commission, pursuant to 16 CFR asabaliauskas on DSK3SPTVN1PROD with NOTICES Hong Kong Gree Electric Appliances Sales Co., Ltd., prepared to provide their first name, last and Gree USA Sales, Ltd. Chairman Kaye, 1118.20(b). The Commission issues the name, and affiliation. Commissioner Adler, Commissioner Robinson and Order under the provisions of the CPSA. Commissioner Mohorovic voted to provisionally Domestic Toll Free: 1–866–844–9416. accept the Settlement Agreement and Order. 3. Gree Electric Appliances, Inc., of International Toll and Toll Free: Will Commissioner Buerkle voted to reject the Zhuhai, is incorporated in China, and be posted on the CFTC’s Web site, Settlement Agreement and Order. Commissioner its principal place of business is in www.cftc.gov, on the page for the Mohorovic and Commissioner Robinson filed China. Hong Kong Gree Electric statements regarding this matter. The statements are meeting, under Related Documents. available at the Office of the Secretary or the CPSC Appliances Sales Co., Ltd., is Pass Code/Pin Code: CFTC. Web site, www.cpsc.gov. incorporated in Hong Kong, and its VerDate Sep<11>2014 18:06 Mar 29, 2016 Jkt 238001 PO 00000 Frm 00021 Fmt 4703 Sfmt 4703 E:\FR\FM\30MRN1.SGM 30MRN1


Document Created: 2016-03-30 09:28:04
Document Modified: 2016-03-30 09:28:04
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 meeting.
DatesThe meeting will be held on April 26, 2016, from 10:00 a.m. to 1:30 p.m. Members of the public who wish to submit written statements in connection with the meeting should submit them by May 10, 2016.
ContactPetal Walker, MRAC Designated Federal Officer, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street NW., Washington, DC 20581; (202) 418-5794.
FR Citation81 FR 17682 
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