81_FR_59043 81 FR 58877 - Extension of Comment Period for Modernization of Property Disclosures for Mining Registrants

81 FR 58877 - Extension of Comment Period for Modernization of Property Disclosures for Mining Registrants

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 81, Issue 166 (August 26, 2016)

Page Range58877-58878
FR Document2016-20548

The Securities and Exchange Commission is extending the comment period for a release proposing revisions to the property disclosure requirements for mining registrants and related guidance [Release Nos. 33-10098 and 34-78086 (June 16, 2016)], published June 27, 2016. The original comment period is scheduled to end on August 26, 2016. The Commission is extending the time period in which to provide the Commission with comments until September 26, 2016. This action will allow interested persons additional time to analyze the issues and prepare their comments.

Federal Register, Volume 81 Issue 166 (Friday, August 26, 2016)
[Federal Register Volume 81, Number 166 (Friday, August 26, 2016)]
[Proposed Rules]
[Pages 58877-58878]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-20548]


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SECURITIES AND EXCHANGE COMMISSION

17 CFR Parts 229, 239, and 249

[Release Nos. 33-10127; 34-78652; File No. S7-10-16]
RIN 3235-AL53


Extension of Comment Period for Modernization of Property 
Disclosures for Mining Registrants

AGENCY: Securities and Exchange Commission.

ACTION: Proposed rule; extension of comment period.

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SUMMARY: The Securities and Exchange Commission is extending the 
comment period for a release proposing revisions to the property 
disclosure requirements for mining registrants and related guidance 
[Release Nos. 33-10098 and 34-78086 (June 16, 2016)], published June 
27, 2016. The original comment period is scheduled to end on August 26, 
2016. The Commission is extending the time period in which to provide 
the Commission with comments until September 26, 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 June 27, 
2016, at 81 FR 41651, is extended. Comments should be received on or 
before September 26, 2016.

ADDRESSES: Comments may be submitted by any of the following methods:

Electronic Comments

     Use the Commission's Internet comment form (http://www.sec.gov/rules/proposed.shtml);
     Send an email to [email protected]. Please include 
File Number S7-10-16 on the subject line; or
     Use the Federal eRulemaking Portal (http://www.regulations.gov). Follow the instructions for submitting comments.

Paper Comments

     Send paper comments to Brent J. Fields, Secretary, 
Securities and Exchange Commission, 100 F Street NE., Washington, DC 
20549-1090.

All submissions should refer to File Number S7-10-16. 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., 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 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: Elliot Staffin, Special Counsel, in 
the 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 revisions to the property disclosure requirements for 
mining registrants and related guidance, currently set forth in Item 
102 of Regulation S-K under the Securities Act of 1933 and the 
Securities Exchange Act of 1934 and in Industry Guide 7. The proposed 
revisions would modernize the Commission's disclosure requirements and 
policies for mining properties by more closely aligning them with 
current industry and global regulatory practices and standards. In 
addition, the proposed revisions would rescind Industry Guide 7, amend 
section 102 of Regulation S-K, add new exhibit (96) to Item 601 of 
Regulation S-K, add new subpart 1300 of Regulation S-K, amend Form 1-A 
and amend Form 20-F.
    The Commission originally requested that comments on the release be 
received by August 26, 2016. The Commission has received requests for 
an extension of time for public comment on the proposal to, among other 
things, allow for a more complete assessment of the numerous provisions 
of the proposed rules, including a fuller consideration of their 
implications, and to improve the quality of responses.\1\

[[Page 58878]]

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 Nos. 33-10098 and 34-78086, 
``Modernization of Property Disclosures for Mining Registrants,'' until 
September 26, 2016.
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    \1\ See letter from Michael Johnson, President and CEO of the 
National Stone, Sand and Gravel Association (July 5, 2016); letter 
from Douglas Currault II, Deputy General Counsel and Corporate 
Secretary of Freeport-McMoran Inc. (August 8, 2016); letter from 
Katie Sweeney, General Counsel of the National Mining Association 
(August 15, 2016); and letter from Jeffrey Klenda, Chair of Ur-
Energy Inc. (August 19, 2016). Comments are available on the 
Commission's Web site at: https://www.sec.gov/comments/s7-10-16/s71016.htm.

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    By the Commission.

    Dated: August 23, 2016.
Brent J. Fields,
Secretary.
[FR Doc. 2016-20548 Filed 8-25-16; 8:45 am]
 BILLING CODE 8011-01-P



                                                                             Federal Register / Vol. 81, No. 166 / Friday, August 26, 2016 / Proposed Rules                                                 58877

                                                    (o) Other FAA AD Provisions                             SECURITIES AND EXCHANGE                               available for Web site viewing and
                                                       The following provisions also apply to this          COMMISSION                                            printing in the Commission’s Public
                                                    AD:                                                                                                           Reference Room, 100 F Street NE.,
                                                       (1) Alternative Methods of Compliance                17 CFR Parts 229, 239, and 249                        Washington, DC 20549, on official
                                                    (AMOCs): The Manager, New York ACO,                     [Release Nos. 33–10127; 34–78652; File No.            business days between the hours of
                                                    ANE–170, FAA, has the authority to approve              S7–10–16]                                             10:00 a.m. and 3:00 p.m. All comments
                                                    AMOCs for this AD, if requested using the                                                                     received will be posted without change;
                                                    procedures found in 14 CFR 39.19. In                    RIN 3235–AL53                                         we do not edit personal identifying
                                                    accordance with 14 CFR 39.19, send your                                                                       information from submissions. You
                                                                                                            Extension of Comment Period for                       should submit only information that
                                                    request to your principal inspector or local
                                                                                                            Modernization of Property Disclosures                 you wish to make available publicly.
                                                    Flight Standards District Office, as
                                                                                                            for Mining Registrants                                   Studies, memoranda or other
                                                    appropriate. If sending information directly
                                                    to the ACO, send it to ATTN: Program                    AGENCY:  Securities and Exchange                      substantive items may be added by the
                                                    Manager, Continuing Operational Safety,                 Commission.                                           Commission or staff to the comment file
                                                    FAA, New York ACO, 1600 Stewart Avenue,                 ACTION: Proposed rule; extension of
                                                                                                                                                                  during this rulemaking. A notification of
                                                    Suite 410, Westbury, NY 11590; telephone                                                                      the inclusion in the comment file of any
                                                                                                            comment period.
                                                    516–228–7300; fax 516–794–5531. Before                                                                        such materials will be made available
                                                    using any approved AMOC, notify your                    SUMMARY:   The Securities and Exchange                on the SEC’s Web site. To ensure direct
                                                    appropriate principal inspector, or lacking a           Commission is extending the comment                   electronic receipt of such notifications,
                                                    principal inspector, the manager of the local           period for a release proposing revisions              sign up through the ‘‘Stay Connected’’
                                                    flight standards district office/certificate            to the property disclosure requirements               option at www.sec.gov to receive
                                                    holding district office. The AMOC approval              for mining registrants and related                    notifications by email.
                                                    letter must specifically reference this AD.             guidance [Release Nos. 33–10098 and                   FOR FURTHER INFORMATION CONTACT:
                                                       (2) Contacting the Manufacturer: For any             34–78086 (June 16, 2016)], published                  Elliot Staffin, Special Counsel, in the
                                                    requirement in this AD to obtain corrective             June 27, 2016. The original comment                   Division of Corporation Finance, at
                                                    actions from a manufacturer, the action must            period is scheduled to end on August                  (202) 551–3450, U.S. Securities and
                                                    be accomplished using a method approved                 26, 2016. The Commission is extending                 Exchange Commission, 100 F Street NE.,
                                                    by the Manager, New York ACO, ANE–170,                  the time period in which to provide the               Washington, DC 20549.
                                                    FAA; or TCCA; or Bombardier, Inc.’s TCCA                Commission with comments until                        SUPPLEMENTARY INFORMATION: The
                                                    DAO. If approved by the DAO, the approval               September 26, 2016. This action will                  Commission has requested comment on
                                                    must include the DAO-authorized signature.              allow interested persons additional time              a release proposing revisions to the
                                                    (p) Related Information                                 to analyze the issues and prepare their               property disclosure requirements for
                                                                                                            comments.                                             mining registrants and related guidance,
                                                      (1) Refer to Mandatory Continuing
                                                                                                            DATES: The comment period for the                     currently set forth in Item 102 of
                                                    Airworthiness Information (MCAI) Canadian
                                                                                                            proposed rule published June 27, 2016,                Regulation S–K under the Securities Act
                                                    Airworthiness Directive CF–2015–30, dated
                                                                                                            at 81 FR 41651, is extended. Comments                 of 1933 and the Securities Exchange Act
                                                    January 13, 2016, for related information.
                                                                                                            should be received on or before                       of 1934 and in Industry Guide 7. The
                                                    This MCAI may be found in the AD docket
                                                    on the Internet at http://www.regulations.gov           September 26, 2016.                                   proposed revisions would modernize
                                                                                                                                                                  the Commission’s disclosure
                                                    by searching for and locating Docket No.                ADDRESSES: Comments may be
                                                    FAA–2016–8847.
                                                                                                                                                                  requirements and policies for mining
                                                                                                            submitted by any of the following
                                                      (2) For service information identified in
                                                                                                                                                                  properties by more closely aligning
                                                                                                            methods:
                                                    this AD, contact Bombardier, Inc., 400 Côte-
                                                                                                                                                                  them with current industry and global
                                                    Vertu Road West, Dorval, Québec H4S 1Y9,               Electronic Comments                                   regulatory practices and standards. In
                                                    Canada; telephone 514–855–5000; fax 514–                  • Use the Commission’s Internet                     addition, the proposed revisions would
                                                    855–7401; email thd.crj@aero.                           comment form (http://www.sec.gov/                     rescind Industry Guide 7, amend section
                                                    bombardier.com; Internet http://                        rules/proposed.shtml);                                102 of Regulation S–K, add new exhibit
                                                    www.bombardier.com. You may view this                     • Send an email to rule-comments@                   (96) to Item 601 of Regulation S–K, add
                                                    service information at the FAA, Transport               sec.gov. Please include File Number S7–               new subpart 1300 of Regulation S–K,
                                                    Airplane Directorate, 1601 Lind Avenue SW.,             10–16 on the subject line; or                         amend Form 1–A and amend Form 20–
                                                    Renton, WA. For information on the                        • Use the Federal eRulemaking Portal                F.
                                                    availability of this material at the FAA, call          (http://www.regulations.gov). Follow the                 The Commission originally requested
                                                    425–227–1221.                                           instructions for submitting comments.                 that comments on the release be
                                                                                                                                                                  received by August 26, 2016. The
                                                      Issued in Renton, Washington, on August               Paper Comments                                        Commission has received requests for
                                                    18, 2016.                                                                                                     an extension of time for public comment
                                                                                                               • Send paper comments to Brent J.
                                                    Dorr M. Anderson,                                                                                             on the proposal to, among other things,
                                                                                                            Fields, Secretary, Securities and
                                                    Acting Manager, Transport Airplane                      Exchange Commission, 100 F Street NE.,                allow for a more complete assessment of
                                                    Directorate, Aircraft Certification Service.            Washington, DC 20549–1090.                            the numerous provisions of the
                                                    [FR Doc. 2016–20378 Filed 8–25–16; 8:45 am]                                                                   proposed rules, including a fuller
                                                                                                            All submissions should refer to File
                                                    BILLING CODE 4910–13–P                                                                                        consideration of their implications, and
                                                                                                            Number S7–10–16. This file number
mstockstill on DSK3G9T082PROD with PROPOSALS




                                                                                                                                                                  to improve the quality of responses.1
                                                                                                            should be included on the subject line
                                                                                                            if email is used. To help us process and                1 See letter from Michael Johnson, President and
                                                                                                            review your comments more efficiently,                CEO of the National Stone, Sand and Gravel
                                                                                                            please use only one method. The                       Association (July 5, 2016); letter from Douglas
                                                                                                            Commission will post all comments on                  Currault II, Deputy General Counsel and Corporate
                                                                                                                                                                  Secretary of Freeport-McMoran Inc. (August 8,
                                                                                                            the Commission’s Internet Web site                    2016); letter from Katie Sweeney, General Counsel
                                                                                                            (http://www.sec.gov/rules/                            of the National Mining Association (August 15,
                                                                                                            proposed.shtml). Comments also are                                                              Continued




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                                                    58878                    Federal Register / Vol. 81, No. 166 / Friday, August 26, 2016 / Proposed Rules

                                                    The Commission believes that providing                  methods. To facilitate the receipt and                economic, not a medical concept.’’
                                                    the public additional time to consider                  processing of comment letters, OWCP                   Metro. Stevedores v. Rambo, 515 U.S.
                                                    thoroughly the matters addressed by the                 encourages interested parties to submit               291, 297 (1995). From its inception in
                                                    release and to submit comprehensive                     their comments electronically.                        1927, the Act has provided that ‘‘the
                                                    responses to the release would benefit                     • Federal eRulemaking Portal: http://              average weekly wage of the injured
                                                    the Commission in its consideration of                  www.regulations.gov. Follow the                       employee at the time of the injury’’ must
                                                    final rules. Therefore, the Commission                  instructions on the Web site for                      be used as the basis for computing his
                                                    is extending the comment period for                     submitting comments.                                  or her compensation rate. 33 U.S.C. 910.
                                                    Release Nos. 33–10098 and 34–78086,                        • Fax: (202) 693–1380 (this is not a               Thus, ‘‘[a]n employee’s compensation
                                                    ‘‘Modernization of Property Disclosures                 toll-free number). Only comments of ten               depends on the severity of his disability
                                                    for Mining Registrants,’’ until                         or fewer pages (including a Fax cover                 and his preinjury pay.’’ Roberts v. Sea-
                                                    September 26, 2016.                                     sheet and attachments, if any) will be                Land Services, Inc., 566 U.S. ll, 132
                                                      By the Commission.                                    accepted by Fax.                                      S.Ct. 1350, 1354 (2012).
                                                      Dated: August 23, 2016.
                                                                                                               • Regular Mail or Hand Delivery/                      Several statutory sections have an
                                                                                                            Courier: Submit comments on paper to                  impact on determining the amount of
                                                    Brent J. Fields,                                                                                              compensation payable. Section 10,
                                                                                                            the Division of Longshore and Harbor
                                                    Secretary.                                              Workers’ Compensation, Office of                      ‘‘Determination of Pay,’’ 33 U.S.C. 910,
                                                    [FR Doc. 2016–20548 Filed 8–25–16; 8:45 am]             Workers’ Compensation Programs, U.S.                  is the starting point in the statutory
                                                    BILLING CODE 8011–01–P                                  Department of Labor, Room C–4319, 200                 scheme. It sets out rules for calculating
                                                                                                            Constitution Avenue NW., Washington,                  the employee’s average weekly wage
                                                                                                            DC 20210. The Department’s receipt of                 (AWW) as of the time of the employee’s
                                                    DEPARTMENT OF LABOR                                     U.S. mail may be significantly delayed                disabling injury. This AWW serves as
                                                                                                            due to security procedures. You must                  the basis for all future benefit
                                                    Office of Workers’ Compensation                         take this into consideration when                     calculations for that worker throughout
                                                    Programs                                                preparing to meet the deadline for                    the life of his or her claim.
                                                                                                            submitting comments.                                     The second step is to determine what
                                                    20 CFR Part 702                                            Instructions: All submissions received             percentage of the employee’s AWW a
                                                                                                            must include the agency name and the                  claimant will receive in compensation.
                                                    RIN 1240–AA06
                                                                                                            Regulatory Information Number (RIN)                   This is determined under section 8,
                                                    Longshore and Harbor Workers’                           for this rulemaking. All comments                     ‘‘Compensation for Disability,’’ and
                                                    Compensation Act: Maximum and                           received will be posted without change                section 9, ‘‘Compensation for Death,’’ 33
                                                    Minimum Compensation Rates                              to http://www.regulations.gov, including              U.S.C. 908, 909. Compensation payable
                                                                                                                                                                  for disability varies based on the nature
                                                                                                            any personal information provided.
                                                    AGENCY:  Office of Workers’                                                                                   and extent of an employee’s disability.
                                                                                                               Docket: To read background
                                                    Compensation Programs, Labor.                                                                                 Section 8 establishes four basic
                                                                                                            documents or comments received, go to
                                                    ACTION: Notice of proposed rulemaking;                                                                        categories of disability: Permanent total,
                                                                                                            http://www.regulations.gov.
                                                    request for comments.                                                                                         temporary total, permanent partial, and
                                                                                                            FOR FURTHER INFORMATION CONTACT:                      temporary partial. 33 U.S.C. 908(a)–(c),
                                                    SUMMARY:   The Office of Workers’                       Antonio Rios, Director, Division of                   (e). In general, an injury is ‘‘total’’ if the
                                                    Compensation Programs is proposing                      Longshore and Harbor Workers’                         worker is unable to work after the injury
                                                    rules to implement the Longshore and                    Compensation, Office of Workers’                      and ‘‘partial’’ if the worker is able to
                                                    Harbor Workers’ Compensation Act’s                      Compensation Programs, U.S.                           work at a diminished wage. A disability
                                                    maximum and minimum compensation                        Department of Labor, Room C–4319, 200                 is ‘‘temporary’’ if the employee’s
                                                    provisions. Some of these provisions,                   Constitution Avenue NW., Washington,                  medical condition is improving and
                                                    which cap the amounts of compensation                   DC 20210. Telephone: (202)–693–0038                   becomes ‘‘permanent’’ when he or she
                                                    and death benefits payable to entitled                  (this is not a toll-free number). TTY/                reaches maximum medical
                                                    claimants and provide a floor below                     TDD callers may dial toll free 1–877–                 improvement. See 33 U.S.C. 908(a)–(c),
                                                    which compensation may not fall, have                   889–5627 for further information.                     (e); see also Potomac Elec. Power Co. v.
                                                    become the topic of litigation. The                     SUPPLEMENTARY INFORMATION:                            Director, OWCP, 449 U.S. 268 (1980).
                                                    proposed rules would clarify how the                                                                          And section 9 provides compensation
                                                                                                            I. Background of This Rulemaking
                                                    Department interprets and applies these                                                                       payable to the employees’ eligible
                                                    provisions. In addition, the proposed                     The Longshore and Harbor Workers’                   survivors for injuries causing death. 30
                                                    rules would implement the Act’s annual                  Compensation Act, 33 U.S.C. 901–50                    U.S.C. 909.
                                                    compensation-adjustment mechanism                       (LHWCA or Act), establishes a federal                    For all disability categories, the Act
                                                    for permanent total disability                          workers’ compensation system for an                   uses a ‘‘two-thirds’’ rule to compute
                                                    compensation and death benefits.                        employee’s disability or death arising in             compensation. Totally disabled
                                                    DATES: The Department invites written                   the course of covered maritime                        employees—those who are unable to
                                                    comments on the proposed regulations                    employment. 33 U.S.C. 903(a), 908, 909.               return to their original employment or
                                                    from interested parties. Written                        This proposed rule would implement                    earn wages in suitable alternative
                                                                                                            the Act’s provisions on maximum and                   employment—receive two-thirds the
                                                    comments must be received by October
                                                                                                            minimum amounts of compensation                       AWW they were earning at the time of
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                                                    25, 2016.
                                                                                                            payable.                                              injury. 33 U.S.C. 908(a)–(b). Partially
                                                    ADDRESSES: You may submit written                                                                             disabled employees—those who
                                                    comments, identified by RIN number                      A. The Act’s Compensation Scheme                      experience the loss or loss-of-use of
                                                    1240–AA06, by any of the following                         Disability, which the Act defines as               body parts specified in the statute—are
                                                                                                            ‘‘incapacity because of injury to earn the            entitled to two-thirds of their date-of-
                                                    2016); and letter from Jeffrey Klenda, Chair of Ur-
                                                    Energy Inc. (August 19, 2016). Comments are
                                                                                                            wages which the employee was                          injury AWW for a specified number of
                                                    available on the Commission’s Web site at: https://     receiving at the time of injury,’’ 33                 weeks. 33 U.S.C. 908(c)(1)–(19). Other
                                                    www.sec.gov/comments/s7-10-16/s71016.htm.               U.S.C. 902(10), ‘‘is in essence an                    partially disabled employees—those


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Document Created: 2016-08-26 10:40:30
Document Modified: 2016-08-26 10:40:30
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionProposed Rules
ActionProposed rule; extension of comment period.
DatesThe comment period for the proposed rule published June 27, 2016, at 81 FR 41651, is extended. Comments should be received on or before September 26, 2016.
ContactElliot Staffin, Special Counsel, in the Division of Corporation Finance, at (202) 551-3450, U.S. Securities and Exchange Commission, 100 F Street NE., Washington, DC 20549.
FR Citation81 FR 58877 
RIN Number3235-AL53
CFR Citation17 CFR 229
17 CFR 239
17 CFR 249

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