81 FR 4598 - Extension of Comment Period for Disclosure of Payments by Resource Extraction Issuers
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 81, Issue 17 (January 27, 2016)
Federal Register Volume 81, Issue 17 (January 27, 2016)
| Page Range | 4598-4599 | |
| FR Document | 2016-01545 |
[Federal Register Volume 81, Number 17 (Wednesday, January 27, 2016)] [Proposed Rules] [Pages 4598-4599] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-01545] ======================================================================= ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION 17 CFR Parts 240 and 249 [Release No. 34-76958; File No. S7-25-15] RIN 3235-AL53 Extension of Comment Period for Disclosure of Payments by Resource Extraction Issuers AGENCY: Securities and Exchange Commission. ACTION: Extension of comment period. ----------------------------------------------------------------------- SUMMARY: The Securities and Exchange Commission is extending the comment period for a release proposing new Rule 13q-1 and an amendment to Form SD to implement Section 1504 of the Dodd-Frank Wall Street Reform and Consumer Protection Act relating to disclosure of payments by resource extraction issuers [Release No. 34-76620 (Dec. 11, 2015); 80 FR 80057 (Dec. 23, 2015)]. The comment period for the proposal is divided between an initial comment period and a period for reply comments. The original initial comment period is scheduled to end on January 25, 2016 and the original period for reply comments is scheduled to end on February 16, 2016. The Commission is extending the time period in which to provide the Commission with initial comments until February 16, 2016 and to provide reply comments until March 8, 2016. This action will allow interested persons additional time to analyze the issues and prepare their comments. DATES: The comment period for the proposed rule published on December 23, 2015 (80 FR 80057), is extended. Initial comments are due on February 16, 2016. Reply comments, which may respond only to issues raised in the initial comment period, are due on March 8, 2016. In developing the final rules, the Commission may rely on both new comments and comments that have been received to date, including those that were provided in connection with the prior rules that the Commission issued under Section 13(q). ADDRESSES: Comments may be submitted by any of the following methods: Electronic CommentsUse the Commission's Internet comment forms (http://www.sec.gov/rules/proposed.shtml); Send an email to [email protected]. Please include File Number S7-25-15 on the subject line; or Use the Federal Rulemaking Portal (http://www.regulations.gov). Follow the instructions for submitting comments. Paper Comments Send paper comments in triplicate to Brent J. Fields, Secretary, Securities and Exchange Commission, 100 F Street NE., Washington, DC 20549-1090. All submissions should refer to File Number S7-25-15. This file number should be included on the subject line if email is used. To help us process and review your comments more efficiently, please use only one method. The Commission will post all comments on the Commission's Internet Web site (http://www.sec.gov/rules/proposed.shtml). Comments also are available for Web site viewing and printing in the Commission's Public Reference Room, 100 F Street NE., Room 1580, Washington, DC 20549, on official business days between the hours of 10:00 a.m. and 3:00 p.m. All comments received will be posted without change; we do not edit personal identifying information from submissions. You should submit only information that you wish to make available publicly. Studies, memoranda or other substantive items may be added by the Commission or staff to the comment file during this rulemaking. A notification of [[Page 4599]] the inclusion in the comment file of any such materials will be made available on the SEC's Web site. To ensure direct electronic receipt of such notifications, sign up through the ``Stay Connected'' option at www.sec.gov to receive notifications by email. FOR FURTHER INFORMATION CONTACT: Shehzad K. Niazi, Special Counsel; Office of Rulemaking, Division of Corporation Finance, at (202) 551- 3430; or Elliot Staffin, Special Counsel; Office of International Corporate Finance, Division of Corporation Finance, at (202) 551-3450, U.S. Securities and Exchange Commission, 100 F Street NE., Washington, DC 20549. SUPPLEMENTARY INFORMATION: The Commission has requested comment on a release proposing new Rule 13q-1 and an amendment to Form SD to implement Section 1504 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Section 1504 added Section 13(q) to the Securities Exchange Act of 1934, which directs the Commission to issue rules requiring resource extraction issuers to include in an annual report information relating to any payment made by the issuer, a subsidiary of the issuer, or an entity under the control of the issuer, to a foreign government or the Federal Government for the purpose of the commercial development of oil, natural gas, or minerals. Section 13(q) requires a resource extraction issuer to provide information about the type and total amount of payments made for each project related to the commercial development of oil, natural gas, or minerals, and the type and total amount of payments made to each government. In addition, Section 13(q) requires a resource extraction issuer to provide certain information regarding those payments in an interactive data format, as specified by the Commission. The Commission originally requested that initial comments on the release be received by January 25, 2016 and that reply comments, which may respond only to issues raised in the initial comment period, be received by February 16, 2016. The Commission has received a request for an extension of time for public comment on the proposal to, among other things, allow for the collection of information and to improve the quality of responses.\1\ The Commission believes that providing the public additional time to consider thoroughly the matters addressed by the release and to submit comprehensive responses to the release would benefit the Commission in its consideration of final rules. Therefore, the Commission is extending the comment period for Release No. 34-76620 ``Disclosure of Payments by Resource Extraction Issuers'' until February 16, 2016 for initial comments and until March 8, 2016 for reply comments. --------------------------------------------------------------------------- \1\ Letter from American Petroleum Institute (Jan. 7, 2016). Comments are available on the Commission's Web site at http://www.sec.gov/comments/s7-25-15/s72515.shtml. --------------------------------------------------------------------------- By the Commission. Dated: January 21, 2016. Brent J. Fields, Secretary. [FR Doc. 2016-01545 Filed 1-26-16; 8:45 am] BILLING CODE 8011-01-P
![4598 Federal Register / Vol. 81, No. 17 / Wednesday, January 27, 2016 / Proposed Rules
These proposed special conditions 7. Be capable of automatically February 16, 2016. The Commission is
contain the additional safety standards controlling the discharge rate of each extending the time period in which to
that the Administrator considers cell to prevent cell imbalance, back- provide the Commission with initial
necessary to establish a level of safety charging, overheating, and comments until February 16, 2016 and
equivalent to that established by the uncontrollable temperature and to provide reply comments until March
existing airworthiness standards. pressure. 8, 2016. This action will allow
8. Have a means to automatically interested persons additional time to
Applicability disconnect from its discharging circuit analyze the issues and prepare their
As discussed above, these special in the event of an over-temperature comments.
conditions are applicable to the Model condition, cell failure or battery failure. DATES: The comment period for the
767–2C airplane. Should the applicant 9. Have a failure sensing and warning
proposed rule published on December
apply at a later date for a change to the system to alert the flightcrew if its
23, 2015 (80 FR 80057), is extended.
type certificate to include another failure affects safe operation of the
Initial comments are due on February
model incorporating the same novel or airplane.
10. Have a means for the flightcrew or 16, 2016. Reply comments, which may
unusual design feature, or should any
maintenance personnel to determine the respond only to issues raised in the
other model already included on the
battery charge state if the battery’s initial comment period, are due on
same type certificate be modified to
function is required for safe operation of March 8, 2016. In developing the final
incorporate the same novel or unusual
the airplane. rules, the Commission may rely on both
design feature, these special conditions
new comments and comments that have
would apply to that model as well. Note 1: A battery system consists of the been received to date, including those
Conclusion battery and any protective, monitoring and that were provided in connection with
alerting circuitry or hardware inside or
This action affects only certain novel outside of the battery. It also includes vents
the prior rules that the Commission
or unusual design features on one model (where necessary) and packaging. For the issued under Section 13(q).
of airplane. It is not a rule of general purpose of these special conditions, a battery ADDRESSES: Comments may be
applicability. and battery system are referred to as a submitted by any of the following
battery. methods:
List of Subjects in 14 CFR Part 25
Issued in Renton, Washington, on January Electronic Comments
Aircraft, Aviation safety, Reporting
20, 2016. • Use the Commission’s Internet
and record keeping requirements.
Michael Kaszycki, comment forms (http://www.sec.gov/
The authority citation for these
Acting Manager, Transport Airplane rules/proposed.shtml);
special conditions is as follows: Directorate, Aircraft Certification Service. • Send an email to rule-comments@
Authority: 49 U.S.C. 106(g), 40113, 44701, [FR Doc. 2016–01582 Filed 1–26–16; 8:45 am] sec.gov. Please include File Number S7–
44702, 44704.
BILLING CODE 4910–13–P 25–15 on the subject line; or
The Proposed Special Conditions • Use the Federal Rulemaking Portal
Accordingly, the FAA proposes the (http://www.regulations.gov). Follow the
following special conditions as part of SECURITIES AND EXCHANGE instructions for submitting comments.
the type certification basis for Boeing COMMISSION Paper Comments
Model 767–2C airplane. • Send paper comments in triplicate
17 CFR Parts 240 and 249
Non-Rechargeable Lithium Battery to Brent J. Fields, Secretary, Securities
[Release No. 34–76958; File No. S7–25–15]
Installations and Exchange Commission, 100 F Street
In lieu of § 25.1353(b)(1) through
RIN 3235–AL53 NE., Washington, DC 20549–1090.
(b)(4) at Amendment 25–123, each non- All submissions should refer to File
Extension of Comment Period for Number S7–25–15. This file number
rechargeable lithium battery installation Disclosure of Payments by Resource
must: should be included on the subject line
Extraction Issuers if email is used. To help us process and
1. Maintain safe cell temperatures and
pressures under all foreseeable AGENCY: Securities and Exchange review your comments more efficiently,
operating conditions to prevent fire and Commission. please use only one method. The
explosion. ACTION: Extension of comment period. Commission will post all comments on
2. Prevent the occurrence of self- the Commission’s Internet Web site
sustaining, uncontrolled increases in SUMMARY: The Securities and Exchange (http://www.sec.gov/rules/
temperature or pressure. Commission is extending the comment proposed.shtml). Comments also are
3. Not emit explosive or toxic gases, period for a release proposing new Rule available for Web site viewing and
either in normal operation or as a result 13q–1 and an amendment to Form SD printing in the Commission’s Public
of its failure, that may accumulate in to implement Section 1504 of the Dodd- Reference Room, 100 F Street NE., Room
hazardous quantities within the Frank Wall Street Reform and Consumer 1580, Washington, DC 20549, on official
airplane. Protection Act relating to disclosure of business days between the hours of
4. Meet the requirements of § 25.863. payments by resource extraction issuers 10:00 a.m. and 3:00 p.m. All comments
asabaliauskas on DSK5VPTVN1PROD with PROPOSALS
5. Not damage surrounding structure [Release No. 34–76620 (Dec. 11, 2015); received will be posted without change;
or adjacent systems, equipment, or 80 FR 80057 (Dec. 23, 2015)]. The we do not edit personal identifying
electrical wiring from corrosive fluids or comment period for the proposal is information from submissions. You
gases that may escape. divided between an initial comment should submit only information that
6. Have provisions to prevent any period and a period for reply comments. you wish to make available publicly.
hazardous effect on airplane structure or The original initial comment period is Studies, memoranda or other
systems caused by the maximum scheduled to end on January 25, 2016 substantive items may be added by the
amount of heat it can generate due to and the original period for reply Commission or staff to the comment file
any failure of it or its individual cells. comments is scheduled to end on during this rulemaking. A notification of
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![Federal Register / Vol. 81, No. 17 / Wednesday, January 27, 2016 / Proposed Rules 4599
the inclusion in the comment file of any responses to the release would benefit www.regulations.gov (IRS REG–147310–
such materials will be made available the Commission in its consideration of 12).
on the SEC’s Web site. To ensure direct final rules. Therefore, the Commission FOR FURTHER INFORMATION CONTACT:
electronic receipt of such notifications, is extending the comment period for Concerning the proposed regulations,
sign up through the ‘‘Stay Connected’’ Release No. 34–76620 ‘‘Disclosure of Pamela Kinard at (202) 317–4148 or
option at www.sec.gov to receive Payments by Resource Extraction Robert Walsh at (202) 317–4102;
notifications by email. Issuers’’ until February 16, 2016 for concerning the submission of comments
FOR FURTHER INFORMATION CONTACT: initial comments and until March 8, or to request a public hearing,
Shehzad K. Niazi, Special Counsel; 2016 for reply comments. Oluwafunmilayo (Funmi) Taylor, (202)
Office of Rulemaking, Division of By the Commission. 317–7180 or (202) 317–6901 (not toll-
Corporation Finance, at (202) 551–3430; Dated: January 21, 2016. free numbers).
or Elliot Staffin, Special Counsel; Office SUPPLEMENTARY INFORMATION:
Brent J. Fields,
of International Corporate Finance,
Division of Corporation Finance, at Secretary. Background
(202) 551–3450, U.S. Securities and [FR Doc. 2016–01545 Filed 1–26–16; 8:45 am] I. Normal Retirement Age Generally
Exchange Commission, 100 F Street NE., BILLING CODE 8011–01–P
This document contains proposed
Washington, DC 20549. regulations under section 401(a) of the
SUPPLEMENTARY INFORMATION: The Internal Revenue Code (Code). Section
Commission has requested comment on DEPARTMENT OF THE TREASURY
401(a) sets forth the qualification
a release proposing new Rule 13q–1 and requirements for a trust forming part of
an amendment to Form SD to Internal Revenue Service
a stock bonus, pension, or profit-sharing
implement Section 1504 of the Dodd- plan of an employer. Several of these
Frank Wall Street Reform and Consumer 26 CFR Part 1
qualification requirements are based on
Protection Act. Section 1504 added [REG–147310–12] a plan’s normal retirement age,
Section 13(q) to the Securities Exchange including the regulatory interpretation
RIN–1545–BM22
Act of 1934, which directs the of the requirement that the plan provide
Commission to issue rules requiring Applicability of Normal Retirement Age for definitely determinable benefits
resource extraction issuers to include in Regulations to Governmental Pension (generally after retirement). Final
an annual report information relating to Plans regulations defining normal retirement
any payment made by the issuer, a age for the definitely determinable
subsidiary of the issuer, or an entity AGENCY: Internal Revenue Service (IRS), requirement were published in the
under the control of the issuer, to a Treasury. Federal Register as TD 9325 on May 22,
foreign government or the Federal ACTION: Notice of proposed rulemaking. 2007 (72 FR 28604) (2007 NRA
Government for the purpose of the regulations).
commercial development of oil, natural SUMMARY: This document contains Section 1.401(a)–1(b)(1) of the 2007
gas, or minerals. Section 13(q) requires proposed regulations under section NRA regulations generally requires that
a resource extraction issuer to provide 401(a) of the Internal Revenue Code a pension plan be established and
information about the type and total (Code). These regulations would maintained primarily to provide
amount of payments made for each provide rules relating to the systematically for the payment of
project related to the commercial determination of whether the normal definitely determinable benefits over a
development of oil, natural gas, or retirement age under a governmental period of years, usually for life, after
minerals, and the type and total amount plan (within the meaning of section retirement. The 2007 NRA regulations
of payments made to each government. 414(d) of the Code) that is a pension include two exceptions to the general
In addition, Section 13(q) requires a plan satisfies the requirements of rule that payments commence after
resource extraction issuer to provide section 401(a) and whether the payment retirement: (1) Payments can commence
certain information regarding those of definitely determinable benefits that after attainment of normal retirement
payments in an interactive data format, commence at the plan’s normal age; and (2) in accordance with section
as specified by the Commission. retirement age satisfies these 401(a)(36), payments can commence
The Commission originally requested requirements. These regulations would after an employee reaches age 62.
that initial comments on the release be affect sponsors and administrators of Section 1.401(a)–1(b)(2)(i) of the 2007
received by January 25, 2016 and that governmental pension plans, as well as NRA regulations provides that, as a
reply comments, which may respond participants in such plans. general rule, a normal retirement age
only to issues raised in the initial DATES: Comments and requests for a under a pension plan must be an age
comment period, be received by public hearing must be received by that is not earlier than the earliest age
February 16, 2016. The Commission has April 26, 2016. that is reasonably representative of the
received a request for an extension of ADDRESSES: Send submissions to typical retirement age for the industry in
time for public comment on the CC:PA:LPD:PR (REG–147310–12), Room which the covered workforce is
proposal to, among other things, allow 5205, Internal Revenue Service, P.O. employed (reasonably representative
for the collection of information and to Box 7604, Ben Franklin Station, requirement). Section 1.401(a)–
asabaliauskas on DSK5VPTVN1PROD with PROPOSALS
improve the quality of responses.1 The Washington, DC 20044. Submissions 1(b)(2)(ii) of the 2007 NRA regulations
Commission believes that providing the may be hand-delivered Monday through provides that a normal retirement age of
public additional time to consider Friday between the hours of 8 a.m. and age 62 or later is deemed to satisfy the
thoroughly the matters addressed by the 4 p.m. to CC:PA:LPD:PR (REG–147310– reasonably representative requirement.
release and to submit comprehensive 12), Courier’s Desk, Internal Revenue Under section 1.401(a)–1(b)(2)(iii) of the
1 Letter from American Petroleum Institute (Jan.
Service, 1111 Constitution Avenue NW., 2007 NRA regulations, whether a
7, 2016). Comments are available on the
Washington, DC 20224, or sent normal retirement age that is not earlier
Commission’s Web site at http://www.sec.gov/ electronically via the Federal than age 55 but is below age 62 satisfies
comments/s7-25-15/s72515.shtml. eRulemaking Portal at the reasonably representative
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Document Created: 2018-02-02 12:39:49
Document Modified: 2018-02-02 12:39:49
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Proposed Rules | |
| Action | Extension of comment period. | |
| Dates | The comment period for the proposed rule published on December 23, 2015 (80 FR 80057), is extended. Initial comments are due on February 16, 2016. Reply comments, which may respond only to issues raised in the initial comment period, are due on March 8, 2016. In developing the final rules, the Commission may rely on both new comments and comments that have been received to date, including those that were provided in connection with the prior rules that the Commission issued under Section 13(q). | |
| Contact | Shehzad K. Niazi, Special Counsel; Office of Rulemaking, Division of Corporation Finance, at (202) 551- 3430; or Elliot Staffin, Special Counsel; Office of International Corporate Finance, Division of Corporation Finance, at (202) 551-3450, U.S. Securities and Exchange Commission, 100 F Street NE., Washington, DC 20549. | |
| FR Citation | 81 FR 4598 | |
| RIN Number | 3235-AL53 | |
| CFR Citation | 17
CFR
240 17 CFR 249 |
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