81_FR_49307 81 FR 49163 - Order Recognizing the Resource Extraction Payment Disclosure Requirements of the European Union, Canada and the U.S. Extractive Industries Transparency Initiative as Substantially Similar to the Requirements of Rule 13q-1 Under the Securities Exchange Act of 1934

81 FR 49163 - Order Recognizing the Resource Extraction Payment Disclosure Requirements of the European Union, Canada and the U.S. Extractive Industries Transparency Initiative as Substantially Similar to the Requirements of Rule 13q-1 Under the Securities Exchange Act of 1934

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 81, Issue 144 (July 27, 2016)

Page Range49163-49164
FR Document2016-15677

We are issuing an order recognizing the resource extraction payment disclosure requirements of the European Union, Canada and the U.S. Extractive Industries Transparency Initiative as substantially similar to the requirements of Rule 13q-1 under the Securities Exchange Act of 1934.

Federal Register, Volume 81 Issue 144 (Wednesday, July 27, 2016) 
[Federal Register Volume 81, Number 144 (Wednesday, July 27, 2016)]
[Rules and Regulations]
[Pages 49163-49164]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-15677]


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SECURITIES AND EXCHANGE COMMISSION

17 CFR Part 240

[Release No. 34-78169]


Order Recognizing the Resource Extraction Payment Disclosure 
Requirements of the European Union, Canada and the U.S. Extractive 
Industries Transparency Initiative as Substantially Similar to the 
Requirements of Rule 13q-1 Under the Securities Exchange Act of 1934

AGENCY: Securities and Exchange Commission.

ACTION: Order.

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SUMMARY: We are issuing an order recognizing the resource extraction 
payment disclosure requirements of the European Union, Canada and the 
U.S. Extractive Industries Transparency Initiative as substantially 
similar to the requirements of Rule 13q-1 under the Securities Exchange 
Act of 1934.

DATES: July 27, 2016.

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: Order Recognizing the Resource Extraction 
Payment Disclosure Requirements of the European Union, Canada and the 
U.S. Extractive Industries Transparency Initiative as Substantially 
Similar to the Requirements of Rule 13q-1 under the Securities Exchange 
Act of 1934 (``Exchange Act'').

June 27, 2016

    For the reasons set forth in the adopting release for Rule 13q-1 
and the accompanying amendments to Form SD,\1\ the Commission hereby 
finds that the following resource extraction payment disclosure regimes 
are substantially similar to the disclosure

[[Page 49164]]

requirements of Rule 13q-1 for purposes of the alternative reporting 
provisions of paragraph (c) of Item 2.01 of Form SD:
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    \1\ See Section II.J.3.b of Exchange Act Release No. 34-78167 
(June 27, 2016).
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    1. Directive 2013/34/EU of the European Parliament and of the 
Council of 26 June 2013 on the annual financial statements, 
consolidated financial statements and related reports of certain types 
of undertakings (``EU Accounting Directive'') as implemented in a 
European Union or European Economic Area member country;
    2. Directive 2013/50/EU of the European Parliament and of the 
Council of 22 October 2013 amending Directive 2004/109/EC on 
transparency requirements in relation to information about issuers 
whose securities are admitted to trading on a regulated market, 
Directive 2003/71/EC of the European Parliament and of the Council on 
the prospectus to be published when securities are offered to the 
public or admitted to trading and Commission Directive 2007/14/EC on 
the implementation of certain provisions of Directive 2004/109/EC (``EU 
Transparency Directive'') as implemented in a European Union or 
European Economic Area member country;
    3. Canada's Extractive Sector Transparency Measures Act 
(``ESTMA''); and
    4. The U.S. Extractive Industries Transparency Initiative 
(``USEITI'').
    Issuers are advised that our determination of substantial 
similarity with respect to each of these four regimes may be subject to 
reconsideration if there should be any significant modifications to 
those regimes.
    The Commission also hereby finds that this determination is in the 
public interest and consistent with the protection of investors. 
Accordingly, it is hereby ordered pursuant to Section 36(a) of the 
Exchange Act that a resource extraction issuer, as defined in Item 
2.01(d) of Form SD, that files a report complying with the reporting 
requirements of either the EU Accounting Directive or the EU 
Transparency Directive, in each case as implemented in a European Union 
or European Economic Area member country, ESTMA, or the USEITI, in 
accordance with the requirements set forth in paragraph (c) of Item 
2.01(c) of Form SD and the conditions specified below, will satisfy its 
disclosure obligations under Rule 13q-1.

Conditions

    1. USEITI reports only satisfy a resource extraction issuer's 
disclosure obligations under Item 2.01(a) of Form SD for payments made 
to the Federal Government.
    2. A resource extraction issuer may not follow the USEITI 
submission deadline to the extent it differs from the 150 day deadline 
in General Instruction B.2 of Form SD and must provide the required 
payment information on a fiscal year basis.

    By the Commission.
Brent J. Fields,
Secretary.
[FR Doc. 2016-15677 Filed 7-26-16; 8:45 am]
 BILLING CODE 8011-01-P

Federal Register / Vol. 81, No. 144 / Wednesday, July 27, 2016 / Rules and Regulations 49163 search the docket number for this (2) Facilities for properly performing Issued under authority provided by 49 action. Anyone is able to search the the maintenance, preventive U.S.C. 106(f), 44701(a), and 44703 in electronic form of all comments maintenance, or alterations of articles or Washington, DC, on July 15, 2016. received into any of the FAA’s dockets the specialized service for which it is Michael Huerta, by the name of the individual rated. Facilities must include the Administrator. submitting the comment (or signing the following: [FR Doc. 2016–17612 Filed 7–26–16; 8:45 am] comment, if submitted on behalf of an (i) Sufficient work space and areas for BILLING CODE 4910–13–P association, business, labor union, etc.). the proper segregation and protection of C. Small Business Regulatory articles during all maintenance, Enforcement Fairness Act preventive maintenance, or alterations. SECURITIES AND EXCHANGE The Small Business Regulatory (ii) Segregated work areas enabling COMMISSION Enforcement Fairness Act (SBREFA) of environmentally hazardous or sensitive 17 CFR Part 240 1996 requires FAA to comply with operations such as painting, cleaning, small entity requests for information or welding, avionics work, electronic [Release No. 34–78169] advice about compliance with statutes work, and machining to be done and regulations within its jurisdiction. properly and in a manner that does not Order Recognizing the Resource A small entity with questions regarding adversely affect other maintenance or Extraction Payment Disclosure this document, may contact its local alteration articles or activities; Requirements of the European Union, FAA official, or the person listed under Canada and the U.S. Extractive (iii) Suitable racks, hoists, trays, the FOR FURTHER INFORMATION CONTACT Industries Transparency Initiative as stands, and other segregation means for heading at the beginning of the Substantially Similar to the the storage and protection of all articles preamble. To find out more about Requirements of Rule 13q–1 Under the undergoing maintenance, preventive SBREFA on the Internet, visit http:// Securities Exchange Act of 1934 maintenance, or alterations, and; www.faa.gov/regulations_policies/ AGENCY: Securities and Exchange rulemaking/sbre_act/. (iv) Space sufficient to segregate articles and materials stocked for Commission. List of Subjects in 14 CFR Part 145 installation from those articles ACTION: Order. Aircraft, Aviation safety, and undergoing maintenance, preventive Reporting and recordkeeping maintenance, or alterations to the SUMMARY: We are issuing an order requirements. standards required by this part. recognizing the resource extraction payment disclosure requirements of the The Amendment (v) Ventilation, lighting, and control European Union, Canada and the U.S. of temperature, humidity, and other Extractive Industries Transparency In consideration of the foregoing, the climatic conditions sufficient to ensure Federal Aviation Administration Initiative as substantially similar to the personnel perform maintenance, requirements of Rule 13q–1 under the amends chapter I of title 14, Code of preventive maintenance, or alterations Federal Regulations as follows: Securities Exchange Act of 1934. to the standards required by this part. DATES: July 27, 2016. PART 145—REPAIR STATIONS (b) A certificated repair station may FOR FURTHER INFORMATION CONTACT: perform maintenance, preventive ■ 1. The authority citation for part 145 Shehzad K. Niazi, Special Counsel; maintenance, or alterations on articles continues to read as follows: Office of Rulemaking, Division of outside of its housing if it provides Corporation Finance, at (202) 551–3430; Authority: 49 U.S.C. 106(g), 40113, 44701– suitable facilities that are acceptable to 44702, 44707, 44709, 44717. or Elliot Staffin, Special Counsel; Office the FAA and meet the requirements of of International Corporate Finance, ■ 2. Amend § 145.61 by— § 145.103(a) so that the work can be Division of Corporation Finance, at ■ A. Removing ‘‘and’’ from the end of done in accordance with the (202) 551–3450, U.S. Securities and paragraph (b)(11); requirements of part 43 of this chapter. Exchange Commission, 100 F Street NE., ■ B. Removing the period from the end ■ 4. Amend § 145.205(d) by revising the Washington, DC 20549. of paragraph (b)(12) and adding ‘‘; and’’ introductory text of paragraph (d) to SUPPLEMENTARY INFORMATION: Order in its place; and read as follows: ■ C. Adding paragraph (b)(13). Recognizing the Resource Extraction The addition reads as follows: § 145.205 Maintenance, preventive Payment Disclosure Requirements of the maintenance, and alterations performed for European Union, Canada and the U.S. § 145.61 Limited ratings. Extractive Industries Transparency certificate holders under parts 121, 125, and * * * * * 135, and for foreign persons operating a Initiative as Substantially Similar to the (b) * * * U.S.-registered aircraft in common carriage Requirements of Rule 13q–1 under the (13) Any other purpose for which the under part 129. Securities Exchange Act of 1934 FAA finds the applicant’s request is * * * * * (‘‘Exchange Act’’). appropriate. (d) The FAA may grant approval for June 27, 2016 * * * * * a certificated repair station to perform ■ 3. Revise § 145.13 to read as follows: For the reasons set forth in the line maintenance for an air carrier adopting release for Rule 13q–1 and the § 145.103 Housing and facilities certificated under part 121 or part 135 accompanying amendments to Form requirements. of this chapter, or a foreign air carrier SD,1 the Commission hereby finds that ehiers on DSK5VPTVN1PROD with RULES (a) Each certificated repair station or foreign person operating a U.S.- the following resource extraction must provide— registered aircraft in common carriage payment disclosure regimes are (1) Housing for the facilities, under part 129 of this chapter on any substantially similar to the disclosure equipment, materials, and personnel aircraft of that air carrier or person, consistent with its ratings and provided- 1 See Section II.J.3.b of Exchange Act Release No. limitations. * * * * * 34–78167 (June 27, 2016). 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49164 Federal Register / Vol. 81, No. 144 / Wednesday, July 27, 2016 / Rules and Regulations requirements of Rule 13q–1 for purposes SD for payments made to the Federal The Coast Guard will enforce the of the alternative reporting provisions of Government. special local regulations in 33 CFR paragraph (c) of Item 2.01 of Form SD: 2. A resource extraction issuer may 100.1102 for the Bullhead City River 1. Directive 2013/34/EU of the not follow the USEITI submission Regatta in 33 CFR 100.1102, Table 1, European Parliament and of the Council deadline to the extent it differs from the Item 16 of that section from 6 a.m. to 6 of 26 June 2013 on the annual financial 150 day deadline in General Instruction p.m. on August 13, 2016. This action is statements, consolidated financial B.2 of Form SD and must provide the necessary to provide for the safety of the statements and related reports of certain required payment information on a participants, crew, spectators, safety types of undertakings (‘‘EU Accounting fiscal year basis. vessels, and general users of the Directive’’) as implemented in a By the Commission. waterway. Our regulation for the annual European Union or European Economic marine events on the Colorado River, Brent J. Fields, Area member country; between Davis Dam (Bullhead City, Secretary. Arizona) and Headgate Dam (Parker, 2. Directive 2013/50/EU of the [FR Doc. 2016–15677 Filed 7–26–16; 8:45 am] Arizona) identifies the regulated entities European Parliament and of the Council of 22 October 2013 amending Directive BILLING CODE 8011–01–P for this event. Under the provisions of 2004/109/EC on transparency 33 CFR 100.1102, no spectator shall requirements in relation to information anchor, block, loiter, nor impede the about issuers whose securities are DEPARTMENT OF HOMELAND through transit of participants or official admitted to trading on a regulated SECURITY patrol vessels within this regulated area market, Directive 2003/71/EC of the of the Colorado River unless authorized European Parliament and of the Council Coast Guard by the Captain of the Port, or his on the prospectus to be published when designated representative. The Coast securities are offered to the public or 33 CFR Part 100 Guard may be assisted by other Federal, admitted to trading and Commission state, or local law enforcement agencies [Docket No. USCG–2016–0517] Directive 2007/14/EC on the in enforcing this regulation. implementation of certain provisions of Special Local Regulation; Annual This document is issued under Directive 2004/109/EC (‘‘EU Marine Events on the Colorado River, authority of 33 CFR 100.1102 and 5 Transparency Directive’’) as Between Davis Dam (Bullhead City, U.S.C. 552(a). In addition to this implemented in a European Union or Arizona) and Headgate Dam (Parker, document in the Federal Register, the European Economic Area member Arizona) Within the San Diego Captain Coast Guard will provide the maritime country; of the Port Zone community with extensive advance 3. Canada’s Extractive Sector notification of this enforcement period AGENCY: Coast Guard, DHS. via the Local Notice to Mariners and Transparency Measures Act (‘‘ESTMA’’); and ACTION: Notice of enforcement of local advertising by the event sponsor. regulation. If the Captain of the Port or his 4. The U.S. Extractive Industries designated representative determines Transparency Initiative (‘‘USEITI’’). SUMMARY: The Coast Guard will enforce that the regulated area need not be Issuers are advised that our the special local regulations for the enforced for the full duration stated on determination of substantial similarity Bullhead City River Regatta marine this document, he or she may use a with respect to each of these four event on the navigable waters of the Broadcast Notice to Mariners or other regimes may be subject to Colorado River on August 13, 2016. This communications coordinated with the reconsideration if there should be any action is necessary to provide for the event sponsor to grant general significant modifications to those safety of the participants, crew, permission to enter the regulated area. regimes. spectators, safety vessels, and general The Commission also hereby finds Dated: June 18, 2016. users of the waterway. Our regulation E.M. Cooper, that this determination is in the public for the annual marine events on the interest and consistent with the Commander, U.S. Coast Guard, Acting Colorado River, between Davis Dam Captain of the Port San Diego. protection of investors. Accordingly, it (Bullhead City, Arizona) and Headgate is hereby ordered pursuant to Section [FR Doc. 2016–17765 Filed 7–26–16; 8:45 am] Dam (Parker, Arizona) identifies the 36(a) of the Exchange Act that a regulated area for this event. During the BILLING CODE 9110–04–P resource extraction issuer, as defined in enforcement period, no spectator shall Item 2.01(d) of Form SD, that files a anchor, block, loiter, nor impede the report complying with the reporting DEPARTMENT OF HOMELAND through transit of participants or official SECURITY requirements of either the EU patrol vessels within this regulated area Accounting Directive or the EU unless authorized by the Captain of the Coast Guard Transparency Directive, in each case as Port, or a designated representative. implemented in a European Union or DATES: The regulations in 33 CFR 33 CFR Part 117 European Economic Area member 100.1102 will be enforced from 6 a.m. [Docket No. USCG–2016–0612] country, ESTMA, or the USEITI, in through 6 p.m. on August 13, 2016 for accordance with the requirements set Item 16 in Table 1 of 33 CFR 100.1102. Drawbridge Operation Regulation; New forth in paragraph (c) of Item 2.01(c) of Form SD and the conditions specified FOR FURTHER INFORMATION CONTACT: If Jersey Intracoastal Waterway (NJICW), below, will satisfy its disclosure you have questions on this publication, Atlantic City, NJ ehiers on DSK5VPTVN1PROD with RULES obligations under Rule 13q–1. call or email Petty Officer Randolph AGENCY: Coast Guard, DHS. Pahilanga, Waterways Management, Conditions U.S. Coast Guard Sector San Diego, CA; ACTION:Notice of deviation from telephone 619–278–7656, drawbridge regulations. 1. USEITI reports only satisfy a resource extraction issuer’s disclosure D11MarineEventsSD@uscg.mil. SUMMARY: The Coast Guard has issued a obligations under Item 2.01(a) of Form SUPPLEMENTARY INFORMATION: temporary deviation from the operating VerDate Sep<11>2014 15:11 Jul 26, 2016 Jkt 238001 PO 00000 Frm 00026 Fmt 4700 Sfmt 4700 E:\FR\FM\27JYR1.SGM 27JYR1


Document Created: 2018-02-08 08:02:24
Document Modified: 2018-02-08 08:02:24
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionRules and Regulations
ActionOrder.
DatesJuly 27, 2016.
ContactShehzad 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 Citation81 FR 49163 
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