81 FR 53266 - Written Acknowledgment of Customer Funds From Federal Reserve Banks
COMMODITY FUTURES TRADING COMMISSION Federal Register Volume 81, Issue 156 (August 12, 2016)
Federal Register Volume 81, Issue 156 (August 12, 2016)
| Page Range | 53266-53268 | |
| FR Document | 2016-19211 |
[Federal Register Volume 81, Number 156 (Friday, August 12, 2016)] [Rules and Regulations] [Pages 53266-53268] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-19211] ======================================================================= ----------------------------------------------------------------------- COMMODITY FUTURES TRADING COMMISSION 17 CFR Part 1 RIN 3038-AE48 Written Acknowledgment of Customer Funds From Federal Reserve Banks AGENCY: Commodity Futures Trading Commission. ACTION: Final rule. ----------------------------------------------------------------------- SUMMARY: The Commodity Futures Trading Commission (``CFTC'' or ``Commission'') is amending its regulations to revise or repeal certain provisions related to the requirement that a derivatives clearing organization (``DCO'') obtain from a Federal Reserve Bank acting as a depository for customer funds a written acknowledgment that the Federal Reserve Bank was informed that the customer funds deposited therein are those of customers and are being held in accordance with Section 4d of the Commodity Exchange Act (``CEA''). DATES: Effective August 12, 2016. FOR FURTHER INFORMATION CONTACT: Eileen A. Donovan, Deputy Director, 202-418-5096, edonovan@cftc.gov; M. Laura Astrada, Associate Director, 202-418-7622, lastrada@cftc.gov; or Parisa Abadi, Attorney-Advisor, 202-418-6620, pabadi@cftc.gov, in each case, at the Division of Clearing and Risk, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street NW., Washington, DC 20581. SUPPLEMENTARY INFORMATION: On June 2, 2016, the Commission published for public comment in the Federal Register a proposed order that would exempt Federal Reserve Banks that provide customer accounts and other services to certain designated financial market utilities registered with the Commission from Sections 4d and 22 of the CEA.\1\ The proposed order would permit Federal Reserve Banks to hold money, securities, and property deposited into a customer account by certain designated financial market utilities in accordance with the standards to which Federal Reserve Banks are held. --------------------------------------------------------------------------- \1\ Notice of Proposed Order and Request for Comment on Proposal to Exempt, Pursuant to the Authority in Section 4(c) of the Commodity Exchange Act, the Federal Reserve Banks from Sections 4d and 22 of the Commodity Exchange Act, 81 FR 35337 (June 2, 2016). --------------------------------------------------------------------------- In response to the request for public comment, CME Group Inc. noted that the proposed order would be inconsistent with Regulation 1.20(g)(4)(ii).\2\ Commission Regulation 1.20(g)(4)(ii) requires that a DCO obtain from a Federal Reserve Bank acting as a depository for customer funds a written acknowledgment that the customer funds deposited therein are being held in accordance with Section 4d of the CEA; however, pursuant to the terms of the proposed order, the Federal Reserve Banks would be exempt from Section 4d. The Commission subsequently issued a final exemptive order that is substantively similar to the proposed order. In the Federal Register notice issuing the final exemptive order, the Commission noted that, in light of the comment, it had determined to repeal the written acknowledgment requirement with respect to customer accounts held with a Federal Reserve Bank \3\ in a separate Federal Register notice. The final exemptive order will render these provisions inapplicable, as the Federal Reserve Banks will not be held to the requirements of Section 4d of the CEA. Therefore, the Commission is amending Regulation 1.20 to remove the acknowledgment letter requirement for customer funds deposited by a DCO with a Federal Reserve Bank. The Commission welcomes any comments and/or questions regarding this amendment. --------------------------------------------------------------------------- \2\ 17 CFR 1.20(g)(4)(ii). Regulation 1.20(g)(4)(ii) provides that a DCO shall obtain from a Federal Reserve Bank only a written acknowledgment that: (A) The Federal Reserve Bank was informed that the customer funds deposited therein are those of customers and are being held in accordance with the provisions of section 4d of the Act and Commission regulations thereunder; and (B) The Federal Reserve Bank agrees to reply promptly and directly to any request from Commission staff for confirmation of account balances or provision of any other information regarding or related to an account. Id. \3\ Specifically, the Commission is revising paragraphs (g)(4)(i) and (g)(4)(ii) of Regulation 1.20, and repealing paragraphs (g)(4)(ii)(A) and (g)(4)(ii)(B) of Regulation 1.20. --------------------------------------------------------------------------- List of Subjects in 17 CFR Part 1 Brokers, Commodity futures, Consumer protection, Reporting and recordkeeping requirements. For the reasons stated in the preamble, the Commodity Futures Trading Commission amends 17 CFR part 1 as follows: PART 1--GENERAL REGULATIONS UNDER THE COMMODITY EXCHANGE ACT 0 1. The authority citation for part 1 continues to read as follows: Authority: 7 U.S.C. 1a, 2, 5, 6, 6a, 6b, 6c, 6d, 6e, 6f, 6g, 6h, 6i, 6k, 6l, 6m, 6n, 6o, 6p, 6r, 6s, 7, 7a-1, 7a-2, 7b, 7b-3, 8, 9, 10a, 12, 12a, 12c, 13a, 13a-1, 16, 16a, 19, 21, 23, and 24 (2012). [[Page 53267]] 0 2. Amend Sec. 1.20 by revising paragraphs (g)(4)(i) and (ii) to read as follows: Sec. 1.20 Futures customer funds to be segregated and separately accounted for. * * * * * (g) * * * (4) * * * (i) A derivatives clearing organization must obtain a written acknowledgment from each depository prior to or contemporaneously with the opening of a futures customer funds account; provided, however, that a derivatives clearing organization is not required to obtain a written acknowledgment from a Federal Reserve Bank with which it has opened a futures customer funds account. (ii) The written acknowledgment must be in the form as set out in appendix B to this part. * * * * * Issued in Washington, DC, on August 8, 2016, by the Commission. Christopher J. Kirkpatrick, Secretary of the Commission. Note: The following appendices will not appear in the Code of Federal Regulations. Appendices to Written Acknowledgment of Customer Funds From Federal Reserve Banks--Commission Voting Summary, Chairman's Statement, and Commissioner's Statement Appendix 1--Commission Voting Summary On this matter, Chairman Massad and Commissioners Bowen and Giancarlo voted in the affirmative. No Commissioner voted in the negative. Appendix 2--Statement of Chairman Timothy G. Massad Today, the Commission continues its work to ensure the resiliency of clearinghouses and protect customers in our markets. To provide the necessary context for these efforts, it is useful to look back at recent history. Most participants in our markets will recall what happened at the beginning of the financial crisis in September 2008, when the Reserve Fund--a money market fund--``broke the buck'' following the bankruptcy of Lehman Brothers. Redemptions were suspended and investors were not able to make withdrawals. As a result, many futures commission merchants (FCMs) were not able to access customer funds invested in the Reserve Fund. Absent relief by the CFTC, many would have been undercapitalized, potentially ending up in bankruptcy. In addition, clearinghouses could not liquidate investments in the Reserve Fund. And there could have easily been a widespread run on money market funds, but for the emergency actions taken by the U.S. government. As a result of the crisis, as well as the collapse of MF Global, the CFTC and our self-regulatory organizations took a number of actions to better protect customer funds. We required customer funds to be strictly segregated and limited the ways they can be invested. We enhanced accounting and auditing procedures at FCMs, including by requiring daily verification from depositories of the amounts deposited by FCMs. Today, CFTC rules require that customer funds be invested in highly liquid assets and be convertible into cash within one business day without a material discount in value. Our rules also require that clearinghouses invest initial margin deposits in a manner that allows them to promptly liquidate any such investment. Over the last few years, the Securities and Exchange Commission (SEC) has also taken action in response to the lessons of the financial crisis, by adopting a number of measures to address the potential vulnerabilities of money market funds. One such recent reform, which takes effect in October of this year, sets forth the circumstances where prime money market funds are permitted, or in some circumstances required, to suspend redemptions in order to prevent the risk of investor runs. While we recognize the benefit of the SEC's new rule in preventing investor runs, a suspension of redemptions by a money market fund would mean investments in such funds are not accessible and cannot be promptly liquidated. Such an event could result in customers, FCMs, and clearinghouses being unable to access the funds necessary to satisfy margin obligations. Therefore, CFTC staff is today providing guidance making clear that Commission rules prohibit a clearing member from investing customer funds, or a clearinghouse from investing amounts deposited as initial margin, in such money market funds. Some industry participants have suggested we should interpret or revise our rules to permit investments of at least some customer monies in such money market funds unless and until redemptions are suspended. We have declined to do so, as it would be too late to protect customers at that point. Moreover, there are alternatives to prime funds, including certain government money markets funds or Treasury securities. In fact, investments in prime money market funds represent a relatively small portion of the total customer funds on deposit and the total initial margin deposits at clearinghouses. Some of our clearinghouses and FCMs do not have any investments in prime funds. Staff has been careful not to be overly restrictive, and therefore has issued no-action relief to allow FCMs to invest certain ``excess'' proprietary funds held in customer accounts in these money market funds. That is, our existing rules require FCMs to deposit their own funds (i.e., targeted residual interest) into customer accounts to make sure that there are sufficient funds in the segregated customer accounts to cover all obligations due to customers. FCMs frequently deposit an amount of their own funds that is in excess of the targeted residual interest amount required under our rules, and that excess amount can be withdrawn at any time. Indeed, if an FCM should default, customers--and the system as a whole--are better off if excess funds are on deposit, and we do not wish to incentivize FCMs to withdraw such excess funds from the segregated account. Therefore, the no action relief makes clear that FCMs can continue to invest their own funds in excess of their targeted residual interest in such money market funds, even though they cannot invest the customer funds--or any proprietary funds they are required to deposit--in this manner. Finally, the Commission is taking action today that will further ensure the safety of customer funds. We are issuing an order that will help make it possible for systemically important clearinghouses to deposit customer funds at Federal Reserve Banks. Our order makes clear that a Federal Reserve Bank that opens such an account would be subject to the same standards of liability that generally apply to it as a depository, rather than any potentially conflicting standard under the commodity laws. Although Federal Reserve accounts for customer funds held by systemically important clearinghouses do not exist today, they are allowed under the Dodd-Frank Act, and we have been working with the Board of Governors to facilitate them. The two clearinghouses designated as systemically important in our markets have been approved to open Federal Reserve Bank accounts for their proprietary funds. We hope that with today's action, accounts for customer funds can be opened soon. Doing so will help protect customer funds and enhance the resiliency of clearinghouses. I thank the dedicated CFTC staff and my fellow Commissioners for their work on these matters. Appendix 3--Concurring Statement of Commissioner Sharon Y. Bowen I am pleased to concur with the two Commission actions: the ``Order Exempting the Federal Reserve Banks from Sections 4d and 22 of the Commodity Exchange Act'' and ``Written Acknowledgment of Customer Funds from Federal Reserve Banks.'' I have long believed that, in order to protect customer funds, we need to keep that money at our central bank. In the event of a major market event, I, and I believe the rest of the American people, would feel much better knowing that investors' money is at the Federal Reserve instead of at multiple central counterparties. I am glad that our agency and the Federal Reserve have come to an agreement on an effective way to accomplish this. I am similarly pleased with the Division of Clearing and Risk's (DCR) ``Staff Interpretation Regarding CFTC Part 39 In Light Of Revised SEC Rule 2a-7,'' which clearly outlines the staff's understanding that, given the limitations that the Securities and Exchange Commission (SEC) has imposed on redemptions for prime money market funds, that they are no longer considered Rule 1.25 assets. This is the correct interpretation. The key feature in a Rule 1.25 asset is that it must be available quickly in times of crisis or illiquidity. And [[Page 53268]] we know that funds are more likely to close the gates on redemptions when market dislocation happens. That is just the time when futures commission merchants (FCMs) and customers would need access to their money, and a multi-day delay can mean catastrophe for some businesses. For that very reason, I have concerns about the Division of Swap Dealer and Intermediary Oversight's (DSIO) ``No-Action Relief With Respect to CFTC Regulation 1.25 Regarding Money Market Funds.'' While the 4(c) exemption and the DCR interpretation are clearly customer protection initiatives, the DSIO no action letter is not. This no action letter would allow FCMs to keep money in segregated customer accounts that actually would not be readily available in a crisis. Thus, while it may appear that an FCM had considerable funds available to settle customer accounts during a market dislocation, in fact that would be only be an illusion; a portion of those funds could be locked down behind the prime money market funds' gates and therefore not actually be available when needed. I do not think that the staff of the Commission should be supporting this kind of ``window dressing''--giving the impression of greater security than there actually is. If the funds are not suitable investments for customer funds, then they are not suitable for the additional capital that the FCMs put in those accounts to protect against potential shortfalls. Having lived through bankruptcies, such as MF Global and Peregrine, I have a healthy respect for the importance of having strong clearing members with a large cushion of funds that can be accessed when needed. This no action letter undermines that effort. Given the importance of this topic to the general public, we should at least have asked for comments or even held a roundtable before making this change. I therefore hope to reexamine this subject in the near future. [FR Doc. 2016-19211 Filed 8-11-16; 8:45 am] BILLING CODE 6351-01-P
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Environmental Review COMMODITY FUTURES TRADING 1.20(g)(4)(ii).2 Commission Regulation
COMMISSION 1.20(g)(4)(ii) requires that a DCO obtain
The FAA has determined that this from a Federal Reserve Bank acting as
action qualifies for categorical exclusion 17 CFR Part 1 a depository for customer funds a
under the National Environmental written acknowledgment that the
Policy Act in accordance with FAA RIN 3038–AE48 customer funds deposited therein are
Order 1050.1F, ‘‘Environmental being held in accordance with Section
Impacts: Policies and Procedures,’’ Written Acknowledgment of Customer 4d of the CEA; however, pursuant to the
paragraph 5–6.5a. This airspace action Funds From Federal Reserve Banks terms of the proposed order, the Federal
is not expected to cause any potentially AGENCY: Commodity Futures Trading Reserve Banks would be exempt from
significant environmental impacts, and Commission. Section 4d. The Commission
no extraordinary circumstances exists subsequently issued a final exemptive
ACTION: Final rule.
that warrant preparation of an order that is substantively similar to the
environmental assessment. SUMMARY: The Commodity Futures proposed order. In the Federal Register
Trading Commission (‘‘CFTC’’ or notice issuing the final exemptive order,
Lists of Subjects in 14 CFR Part 71 the Commission noted that, in light of
‘‘Commission’’) is amending its
regulations to revise or repeal certain the comment, it had determined to
Airspace, Incorporation by reference,
provisions related to the requirement repeal the written acknowledgment
Navigation (air).
that a derivatives clearing organization requirement with respect to customer
Adoption of the Amendment (‘‘DCO’’) obtain from a Federal Reserve accounts held with a Federal Reserve
Bank acting as a depository for customer Bank 3 in a separate Federal Register
In consideration of the foregoing, the notice. The final exemptive order will
funds a written acknowledgment that
Federal Aviation Administration render these provisions inapplicable, as
the Federal Reserve Bank was informed
amends 14 CFR part 71 as follows: that the customer funds deposited the Federal Reserve Banks will not be
therein are those of customers and are held to the requirements of Section 4d
PART 71—DESIGNATION OF CLASS A, of the CEA. Therefore, the Commission
being held in accordance with Section
B, C, D, AND E AIRSPACE AREAS; AIR is amending Regulation 1.20 to remove
4d of the Commodity Exchange Act
TRAFFIC SERVICE ROUTES; AND the acknowledgment letter requirement
(‘‘CEA’’).
REPORTING POINTS for customer funds deposited by a DCO
DATES: Effective August 12, 2016. with a Federal Reserve Bank. The
■ 1. The authority citation for Part 71 FOR FURTHER INFORMATION CONTACT: Commission welcomes any comments
continues to read as follows: Eileen A. Donovan, Deputy Director, and/or questions regarding this
202–418–5096, edonovan@cftc.gov; M. amendment.
Authority: 49 U.S.C. 106(f), 106(g); 40103,
Laura Astrada, Associate Director, 202–
40113, 40120, E.O. 10854, 24 FR 9565, 3 CFR, List of Subjects in 17 CFR Part 1
418–7622, lastrada@cftc.gov; or Parisa
1959–1963 Comp., p. 389.
Abadi, Attorney-Advisor, 202–418– Brokers, Commodity futures,
§ 71.1 [Amended] 6620, pabadi@cftc.gov, in each case, at Consumer protection, Reporting and
the Division of Clearing and Risk, recordkeeping requirements.
■ 2. The incorporation by reference in Commodity Futures Trading For the reasons stated in the
14 CFR 71.1 of FAA Order 7400.9Z, Commission, Three Lafayette Centre, preamble, the Commodity Futures
Airspace Designations and Reporting 1155 21st Street NW., Washington, DC Trading Commission amends 17 CFR
Points, dated August 6, 2015, effective 20581. part 1 as follows:
September 15, 2015, is amended as SUPPLEMENTARY INFORMATION: On June 2,
follows: 2016, the Commission published for PART 1—GENERAL REGULATIONS
public comment in the Federal Register UNDER THE COMMODITY EXCHANGE
Paragraph 6006 En Route Domestic a proposed order that would exempt ACT
Airspace Areas. Federal Reserve Banks that provide ■ 1. The authority citation for part 1
* * * * * customer accounts and other services to continues to read as follows:
certain designated financial market
AGL ND E6 Harvey, ND [New] Authority: 7 U.S.C. 1a, 2, 5, 6, 6a, 6b, 6c,
utilities registered with the Commission
Harvey Municipal Airport, ND 6d, 6e, 6f, 6g, 6h, 6i, 6k, 6l, 6m, 6n, 6o, 6p,
from Sections 4d and 22 of the CEA.1
(Lat. 47°47′28″ N., long. 099°55′54″ W.) 6r, 6s, 7, 7a–1, 7a–2, 7b, 7b–3, 8, 9, 10a, 12,
The proposed order would permit 12a, 12c, 13a, 13a–1, 16, 16a, 19, 21, 23, and
That airspace extending upward from Federal Reserve Banks to hold money, 24 (2012).
1,200 feet above the surface within a 100- securities, and property deposited into a
mile radius of Harvey Municipal Airport, customer account by certain designated 2 17 CFR 1.20(g)(4)(ii). Regulation 1.20(g)(4)(ii)
excluding that airspace within Canada. financial market utilities in accordance provides that a DCO shall obtain from a Federal
with the standards to which Federal Reserve Bank only a written acknowledgment that:
Issued in Fort Worth, TX, on August 3, (A) The Federal Reserve Bank was informed that the
2016. Reserve Banks are held. customer funds deposited therein are those of
Vonnie L. Royal, In response to the request for public customers and are being held in accordance with
comment, CME Group Inc. noted that the provisions of section 4d of the Act and
Acting Manager, Operations Support Group, Commission regulations thereunder; and (B) The
the proposed order would be
ATO Central Service Center. Federal Reserve Bank agrees to reply promptly and
inconsistent with Regulation directly to any request from Commission staff for
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[FR Doc. 2016–19006 Filed 8–11–16; 8:45 am]
confirmation of account balances or provision of
BILLING CODE 4910–13–P 1 Notice of Proposed Order and Request for any other information regarding or related to an
Comment on Proposal to Exempt, Pursuant to the account. Id.
Authority in Section 4(c) of the Commodity 3 Specifically, the Commission is revising
Exchange Act, the Federal Reserve Banks from paragraphs (g)(4)(i) and (g)(4)(ii) of Regulation 1.20,
Sections 4d and 22 of the Commodity Exchange and repealing paragraphs (g)(4)(ii)(A) and
Act, 81 FR 35337 (June 2, 2016). (g)(4)(ii)(B) of Regulation 1.20.
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![53268 Federal Register / Vol. 81, No. 156 / Friday, August 12, 2016 / Rules and Regulations
we know that funds are more likely to close contained in OSHA’s standard for Signed at Washington, DC, on August 2,
the gates on redemptions when market Confined Spaces in Construction. 2016.
dislocation happens. That is just the time David Michaels,
when futures commission merchants (FCMs) DATES: Effective August 12, 2016.
and customers would need access to their Assistant Secretary of Labor for Occupational
money, and a multi-day delay can mean FOR FURTHER INFORMATION CONTACT: Safety and Health.
catastrophe for some businesses. Todd Owen, OSHA, Directorate of
For that very reason, I have concerns about Standards and Guidance, Room N–3609, For the reasons stated in the preamble
the Division of Swap Dealer and U.S. Department of Labor, 200 in this document, the Occupational
Intermediary Oversight’s (DSIO) ‘‘No-Action Constitution Avenue NW., Washington, Safety and Health Administration
Relief With Respect to CFTC Regulation 1.25 DC 20210; telephone (202) 693–2222. amends 29 CFR part 1926 as follows:
Regarding Money Market Funds.’’ While the
4(c) exemption and the DCR interpretation SUPPLEMENTARY INFORMATION: OSHA PART 1926—SAFETY AND HEALTH
are clearly customer protection initiatives, published a final rule for Confined REGULATIONS FOR CONSTRUCTION
the DSIO no action letter is not. This no Spaces in Construction on May 4, 2015
action letter would allow FCMs to keep Subpart A—General
money in segregated customer accounts that (80 FR 25365) to provide new
actually would not be readily available in a protections to employees working in
crisis. Thus, while it may appear that an FCM confined spaces in construction. This ■ 1. The authority citation for part 1926,
had considerable funds available to settle new subpart replaced OSHA’s general subpart A, continues to read as follows:
customer accounts during a market training requirement for work in Authority: 40 U.S.C. 3701 et seq.; 29
dislocation, in fact that would be only be an confined spaces (29 CFR 1926.21(b)(6)) U.S.C. 653, 655, 657; Secretary of Labor’s
illusion; a portion of those funds could be
locked down behind the prime money market
with a comprehensive standard. The Order No. 12–71 (36 FR 8754), 8–76 (41 FR
funds’ gates and therefore not actually be new standard includes a permit program 25059), 9–83 (48 FR 35736), 1–90 (55 FR
available when needed. designed to protect employees from 9033), 6–96 (62 FR 111), 3–2000 (65 FR
I do not think that the staff of the exposure to many hazards associated 50017), 5–2002 (67 FR 65008), or 5–2007 (72
Commission should be supporting this kind with work in confined spaces, including FR 31160), 5–2007 (72 FR 31160), 4–2010 (75
of ‘‘window dressing’’—giving the atmospheric and physical hazards. FR 55355), or 1–2012 (77 FR 3912), as
impression of greater security than there applicable; and 29 CFR part 1911.
Those requirements contained
actually is. If the funds are not suitable
investments for customer funds, then they collections of information approved by ■ 2. Amend § 1926.5 by adding to the
are not suitable for the additional capital that OMB under control number 1218–0258, table, in the proper numerical sequence,
the FCMs put in those accounts to protect which OSHA publicized in the Federal the entries for ‘‘1926.1203,’’
against potential shortfalls. Having lived Register document announcing the new ‘‘1926.1204,’’ ‘‘1926.1205,’’
through bankruptcies, such as MF Global and rule (see 80 FR 22514–22517). This ‘‘1926.1206,’’ ‘‘1926.1207,’’
Peregrine, I have a healthy respect for the technical amendment codifies the OMB
importance of having strong clearing ‘‘1926.1208,’’ ‘‘1926.1209,’’
members with a large cushion of funds that
control number for the Confined Spaces ‘‘1926.1210,’’ ‘‘1926.1211,’’
can be accessed when needed. This no action in Construction standard into § 1926.5, ‘‘1926.1212,’’ and ‘‘1926.1213’’ to read
letter undermines that effort. Given the which is the central section in which as follows:
importance of this topic to the general public, OSHA displays its approved collections
we should at least have asked for comments under the Paperwork Reduction Act. § 1926.5 OMB control numbers under the
or even held a roundtable before making this Paperwork Reduction Act.
change. I therefore hope to reexamine this Additional opportunity for public
comment on this rule is unnecessary * * * * *
subject in the near future.
[FR Doc. 2016–19211 Filed 8–11–16; 8:45 am] because the public has already had the
OMB
BILLING CODE 6351–01–P
opportunity to comment on the 29 CFR Citation Control No.
collections of information and OMB has
approved them. This revision of
§ 1926.5 is a purely technical step to * * * * *
DEPARTMENT OF LABOR
increase public awareness of OMB’s 1926.1203 ............................. 1218–0258
Occupational Safety and Health approval of the collections of 1926.1204 ............................. 1218–0258
Administration information. 1926.1205 ............................. 1218–0258
1926.1206 ............................. 1218–0258
Authority and Signature 1926.1207 ............................. 1218–0258
29 CFR Part 1926
1926.1208 ............................. 1218–0258
David Michaels, Ph.D., MPH, 1926.1209 ............................. 1218–0258
[Docket No. OSHA–2007–0026]
Assistant Secretary of Labor for 1926.1210 ............................. 1218–0258
RIN 1218–AB47 Occupational Safety and Health, 1926.1211 ............................. 1218–0258
directed the preparation of this notice. 1926.1212 ............................. 1218–0258
Confined Spaces in Construction; The authority for this notice is the 1926.1213 ............................. 1218–0258
Approval of Collections of Information Paperwork Reduction Act of 1995 (44
AGENCY: Occupational Safety and Health U.S.C. 3506 et seq.) and Secretary of * * * * *
Administration (OSHA), Department of Labor’s Order 1–2012 (77 FR 3912 (1/
25/2012)). [FR Doc. 2016–18965 Filed 8–11–16; 8:45 am]
Labor.
BILLING CODE 4510–26–P
ACTION: Final rule.
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List of Subjects in 29 CFR Part 1926
SUMMARY: This rule is a technical Occupational safety and health,
amendment revising OSHA’s Reporting and recordkeeping
regulations to reflect the approval by the requirements.
Office of Management and Budget
(OMB) of the collections of information
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Document Created: 2018-02-09 11:33:03
Document Modified: 2018-02-09 11:33:03
| 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 | Rules and Regulations | |
| Action | Final rule. | |
| Dates | Effective August 12, 2016. | |
| Contact | Eileen A. Donovan, Deputy Director, 202-418-5096, [email protected]; M. Laura Astrada, Associate Director, 202-418-7622, [email protected]; or Parisa Abadi, Attorney-Advisor, 202-418-6620, [email protected], in each case, at the Division of Clearing and Risk, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street NW., Washington, DC 20581. | |
| FR Citation | 81 FR 53266 | |
| RIN Number | 3038-AE48 | |
| CFR Associated | Brokers; Commodity Futures; Consumer Protection and Reporting and Recordkeeping Requirements |
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