82_FR_57898 82 FR 57664 - 18-Month Extension of Transition Period and Delay of Applicability Dates; Best Interest Contract Exemption (PTE 2016-01); Class Exemption for Principal Transactions in Certain Assets Between Investment Advice Fiduciaries and Employee Benefit Plans and IRAs (PTE 2016-02); Prohibited Transaction Exemption 84-24 for Certain Transactions Involving Insurance Agents and Brokers, Pension Consultants, Insurance Companies, and Investment Company Principal Underwriters (PTE 84-24); Correction

82 FR 57664 - 18-Month Extension of Transition Period and Delay of Applicability Dates; Best Interest Contract Exemption (PTE 2016-01); Class Exemption for Principal Transactions in Certain Assets Between Investment Advice Fiduciaries and Employee Benefit Plans and IRAs (PTE 2016-02); Prohibited Transaction Exemption 84-24 for Certain Transactions Involving Insurance Agents and Brokers, Pension Consultants, Insurance Companies, and Investment Company Principal Underwriters (PTE 84-24); Correction

DEPARTMENT OF LABOR
Employee Benefits Security Administration

Federal Register Volume 82, Issue 234 (December 7, 2017)

Page Range57664-57664
FR Document2017-26478

This document corrects two errors in the preamble of a document that appeared in the Federal Register on November 29, 2017.

Federal Register, Volume 82 Issue 234 (Thursday, December 7, 2017) 
[Federal Register Volume 82, Number 234 (Thursday, December 7, 2017)]
[Rules and Regulations]
[Page 57664]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-26478]


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DEPARTMENT OF LABOR

Employee Benefits Security Administration

29 CFR Part 2550

[Application Number D-11712; D-11713; D-11850]
ZRIN 1210-ZA27


18-Month Extension of Transition Period and Delay of 
Applicability Dates; Best Interest Contract Exemption (PTE 2016-01); 
Class Exemption for Principal Transactions in Certain Assets Between 
Investment Advice Fiduciaries and Employee Benefit Plans and IRAs (PTE 
2016-02); Prohibited Transaction Exemption 84-24 for Certain 
Transactions Involving Insurance Agents and Brokers, Pension 
Consultants, Insurance Companies, and Investment Company Principal 
Underwriters (PTE 84-24); Correction

AGENCY: Employee Benefits Security Administration, Labor.

ACTION: Technical corrections.

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SUMMARY: This document corrects two errors in the preamble of a 
document that appeared in the Federal Register on November 29, 2017.

DATES: Issuance date: The correction is issued December 7, 2017 without 
further action or notice.

FOR FURTHER INFORMATION CONTACT: Brian Shiker or Susan Wilker, (202) 
693-8824, Office of Exemption Determinations, Employee Benefits 
Security Administration.

SUPPLEMENTARY INFORMATION: 

I. Background

    There is a clerical error in footnote 66 in FR Doc. 2017-25760 
(published November 29, 2017 at 82 FR 56545), entitled ``18-Month 
Extension of Transition Period and Delay of Applicability Dates; Best 
Interest Contract Exemption (PTE 2016-01); Class Exemption for 
Principal Transactions in Certain Assets Between Investment Advice 
Fiduciaries and Employee Benefit Plans and IRAs (PTE 2016-02); 
Prohibited Transaction Exemption 84-24 for Certain Transactions 
Involving Insurance Agents and Brokers, Pension Consultants, Insurance 
Companies, and Investment Company Principal Underwriters (PTE 84-24).''
    Footnote 66 is situated in the regulatory impact analysis section 
of the preamble. The textual discussion surrounding footnote 66 focuses 
on regulatory alternatives considered, but rejected by the Department 
of Labor (Department). Footnote 66 identifies certain public commenters 
who support a contingent or tiered delay, two regulatory alternatives 
the Department declined to adopt. Due to a clerical error, the footnote 
also inadvertently includes the names of public commenters who do not 
support a contingent or tiered delay. This document corrects that 
error.
    In addition, there is text missing in the portion of the preamble 
that discusses the Congressional Review Act (CRA). The Department 
inadvertently omitted a discussion of the basis for making the delay 
effective more quickly than the 60-day period generally required by the 
CRA for major rules. This document corrects that error.

II. Correction of Errors

    In FR Doc. 2017-25760 of November 29, 2017 (82 FR 56545), make the 
following preamble corrections:
    1. On page 56557, second column, correct footnote 66 to read ``See, 
e.g., Comment Letter #121 (HSBC North America Holdings Inc.); Comment 
Letter #124 (Morgan, Lewis & Bockius LLP).''
    2. On page 56559, second column, add the following language to the 
end of Congressional Review Act discussion: ``Although the CRA 
generally requires that major rules become effective no sooner than 60 
days after Congress receives the required report, the CRA allows the 
issuing agency to make a rule effective sooner, if the agency makes a 
good cause finding that such public procedure is impracticable, 
unnecessary, or contrary to the public interest. For the same reasons 
underlying the good cause finding in the April Delay Rule, the 
Department has made such a good cause finding for this rule. See 82 FR 
16902, 16915 (April 7, 2017).''

    Signed at Washington, DC, this 5th day of December, 2017.
Jeanne Klinefelter Wilson,
Acting Assistant Secretary, Employee Benefits Security Administration, 
Department of Labor.
[FR Doc. 2017-26478 Filed 12-5-17; 4:15 pm]
BILLING CODE 4510-29-P

57664 Federal Register / Vol. 82, No. 234 / Thursday, December 7, 2017 / Rules and Regulations Signed: June 14, 2017. 2016–02); Prohibited Transaction DEPARTMENT OF THE INTERIOR John J. Manfreda, Exemption 84–24 for Certain Administrator. Transactions Involving Insurance Office of Surface Mining Reclamation Approved: October 26, 2017. Agents and Brokers, Pension and Enforcement Timothy E. Skud, Consultants, Insurance Companies, and Investment Company Principal 30 CFR Part 950 Deputy Assistant Secretary (Tax, Trade, and Tariff Policy). Underwriters (PTE 84–24).’’ [SATS No: WY–045–FOR; Docket ID: OSM– [FR Doc. 2017–26410 Filed 12–6–17; 8:45 am] Footnote 66 is situated in the 2013–0002; S1D1S SS08011000 SX064A000 regulatory impact analysis section of the 189S180110; S2D2S SS08011000 BILLING CODE 4810–31–P preamble. The textual discussion SX064A000 18XS501520] surrounding footnote 66 focuses on regulatory alternatives considered, but Wyoming Regulatory Program DEPARTMENT OF LABOR rejected by the Department of Labor AGENCY: Office of Surface Mining (Department). Footnote 66 identifies Reclamation and Enforcement, Interior. Employee Benefits Security certain public commenters who support Administration ACTION: Final rule; approval of a contingent or tiered delay, two amendment with certain exceptions. regulatory alternatives the Department 29 CFR Part 2550 declined to adopt. Due to a clerical SUMMARY: We are issuing a final [Application Number D–11712; D–11713; D– error, the footnote also inadvertently decision on an amendment to the 11850] includes the names of public Wyoming regulatory program (the ZRIN 1210–ZA27 commenters who do not support a ‘‘Wyoming program’’) under the Surface contingent or tiered delay. This Mining Control and Reclamation Act of 18-Month Extension of Transition document corrects that error. 1977 (‘‘SMCRA’’ or ‘‘the Act’’). Our Period and Delay of Applicability In addition, there is text missing in decision approves in part and Dates; Best Interest Contract the portion of the preamble that disapproves in part the amendment. Exemption (PTE 2016–01); Class discusses the Congressional Review Act Wyoming proposes both revisions of Exemption for Principal Transactions (CRA). The Department inadvertently and additions to its coal rules and in Certain Assets Between Investment omitted a discussion of the basis for regulations concerning ownership and Advice Fiduciaries and Employee making the delay effective more quickly control, adds a provision concerning Benefit Plans and IRAs (PTE 2016–02); than the 60-day period generally variable topsoil depths during Prohibited Transaction Exemption 84– required by the CRA for major rules. reclamation, and addresses four 24 for Certain Transactions Involving This document corrects that error. deficiencies that were identified by the Insurance Agents and Brokers, II. Correction of Errors Office of Surface Mining Reclamation Pension Consultants, Insurance and Enforcement (OSMRE) during the Companies, and Investment Company In FR Doc. 2017–25760 of November review of a previous program Principal Underwriters (PTE 84–24); 29, 2017 (82 FR 56545), make the amendment (WY–038–FOR; Docket ID Correction following preamble corrections: No. OSM–2009–0012). Wyoming 1. On page 56557, second column, revised its program to be consistent with AGENCY: Employee Benefits Security correct footnote 66 to read ‘‘See, e.g., the corresponding Federal regulations Administration, Labor. Comment Letter #121 (HSBC North and SMCRA, clarify ambiguities, and ACTION: Technical corrections. America Holdings Inc.); Comment Letter improve operational efficiency. #124 (Morgan, Lewis & Bockius LLP).’’ DATES: The effective date is January 8, SUMMARY: This document corrects two 2. On page 56559, second column, errors in the preamble of a document 2018. add the following language to the end of that appeared in the Federal Register on FOR FURTHER INFORMATION CONTACT: Congressional Review Act discussion: November 29, 2017. ‘‘Although the CRA generally requires Jeffrey Fleischman, Chief, Denver Field that major rules become effective no Division, Telephone: 307–261–6550, DATES: Issuance date: The correction is sooner than 60 days after Congress Internet address: jfleischman@ issued December 7, 2017 without receives the required report, the CRA OSMRE.gov. further action or notice. FOR FURTHER INFORMATION CONTACT: allows the issuing agency to make a rule SUPPLEMENTARY INFORMATION: Brian Shiker or Susan Wilker, (202) effective sooner, if the agency makes a I. Background on the Wyoming Program 693–8824, Office of Exemption good cause finding that such public II. Submission of the Proposed Determinations, Employee Benefits procedure is impracticable, Amendment Security Administration. unnecessary, or contrary to the public III. Office of Surface Mining Reclamation interest. For the same reasons and Enforcement’s (OSMRE’s) Findings SUPPLEMENTARY INFORMATION: IV. Summary and Disposition of Comments underlying the good cause finding in the I. Background April Delay Rule, the Department has V. OSMRE’s Decision VI. Procedural Determinations There is a clerical error in footnote 66 made such a good cause finding for this in FR Doc. 2017–25760 (published rule. See 82 FR 16902, 16915 (April 7, I. Background on the Wyoming November 29, 2017 at 82 FR 56545), 2017).’’ Program entitled ‘‘18-Month Extension of Signed at Washington, DC, this 5th day of Section 503(a) of the Act permits a Pmangrum on DSK3GDR082PROD with RULES Transition Period and Delay of December, 2017. State to assume primacy for the Applicability Dates; Best Interest Jeanne Klinefelter Wilson, regulation of surface coal mining and Contract Exemption (PTE 2016–01); Acting Assistant Secretary, Employee Benefits reclamation operations on non-Federal Class Exemption for Principal Security Administration, Department of and non-Indian lands within its borders Transactions in Certain Assets Between Labor. by demonstrating that its State program Investment Advice Fiduciaries and [FR Doc. 2017–26478 Filed 12–5–17; 4:15 pm] includes, among other things, State laws Employee Benefit Plans and IRAs (PTE BILLING CODE 4510–29–P and regulations that govern surface coal VerDate Sep<11>2014 13:34 Dec 06, 2017 Jkt 244001 PO 00000 Frm 00008 Fmt 4700 Sfmt 4700 E:\FR\FM\07DER1.SGM 07DER1


Document Created: 2017-12-07 00:34:42
Document Modified: 2017-12-07 00:34:42
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
ActionTechnical corrections.
DatesIssuance date: The correction is issued December 7, 2017 without further action or notice.
ContactBrian Shiker or Susan Wilker, (202) 693-8824, Office of Exemption Determinations, Employee Benefits Security Administration.
FR Citation82 FR 57664 
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