83 FR 46008 - Notice of Determinations; Culturally Significant Objects Imported for Exhibition-Determinations: “Tomma Abts” Exhibition

DEPARTMENT OF STATE

Federal Register Volume 83, Issue 176 (September 11, 2018)

Page Range		46008-46009
FR Document		2018-19717

Notice is hereby given of the following determinations: I hereby determine that certain objects to be included in the exhibition ``Tomma Abts,'' imported from abroad for temporary exhibition within the United States, are of cultural significance. The objects are imported pursuant to loan agreements with the foreign owners or custodians. I also determine that the exhibition or display of the exhibit objects at The Art Institute of Chicago, in Chicago, Illinois, from on or about October 18, 2018, until on or about February 17, 2019, and at possible additional exhibitions or venues yet to be determined, is in the national interest. I have ordered that Public Notice of these determinations be published in the Federal Register.

Federal Register, Volume 83 Issue 176 (Tuesday, September 11, 2018)

[Federal Register Volume 83, Number 176 (Tuesday, September 11, 2018)]
[Notices]
[Pages 46008-46009]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-19717]


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DEPARTMENT OF STATE

[Public Notice: 10538]


Notice of Determinations; Culturally Significant Objects Imported 
for Exhibition--Determinations: ``Tomma Abts'' Exhibition

SUMMARY: Notice is hereby given of the following determinations: I 
hereby

[[Page 46009]]

determine that certain objects to be included in the exhibition ``Tomma 
Abts,'' imported from abroad for temporary exhibition within the United 
States, are of cultural significance. The objects are imported pursuant 
to loan agreements with the foreign owners or custodians. I also 
determine that the exhibition or display of the exhibit objects at The 
Art Institute of Chicago, in Chicago, Illinois, from on or about 
October 18, 2018, until on or about February 17, 2019, and at possible 
additional exhibitions or venues yet to be determined, is in the 
national interest. I have ordered that Public Notice of these 
determinations be published in the Federal Register.

FOR FURTHER INFORMATION CONTACT: Julie Simpson, Attorney-Adviser, 
Office of the Legal Adviser, U.S. Department of State (telephone: 202-
632-6471; email: [email protected]). The mailing address is U.S. 
Department of State, L/PD, SA-5, Suite 5H03, Washington, DC 20522-0505.

SUPPLEMENTARY INFORMATION: The foregoing determinations were made 
pursuant to the authority vested in me by the Act of October 19, 1965 
(79 Stat. 985; 22 U.S.C. 2459), E.O. 12047 of March 27, 1978, the 
Foreign Affairs Reform and Restructuring Act of 1998 (112 Stat. 2681, 
et seq.; 22 U.S.C. 6501 note, et seq.), Delegation of Authority No. 234 
of October 1, 1999, and Delegation of Authority No. 236-3 of August 28, 
2000.

Marie Therese Porter Royce,
Assistant Secretary for Educational and Cultural Affairs, Department of 
State.
[FR Doc. 2018-19717 Filed 9-10-18; 8:45 am]
 BILLING CODE 4710-05-P

46008 Federal Register / Vol. 83, No. 176 / Tuesday, September 11, 2018 / Notices

the proposed rule change would help believes the proposed rule change single-name instrument; (2) determine
improve the effectiveness of the EOD would help the BOW to better reflect the final EOD BOW as the greater of an
price discovery process by specifically current market conditions. instrument’s final systematic BOW and
requiring the clearing risk department to Consequently, the Commission a dynamic BOW; and (3) eliminate the
consult the trading advisory committee, believes that the proposed rule change use of the ISDA CDS Standard Model
which would provide insight into would help improve ICE Clear Europe’s from the computation of BOWs for
current market dynamics and EOD pricing process by taking into single-name instruments. Because ICE
conditions. account additional relevant information Clear Europe uses BOWs to determine
Therefore, for the above reasons the and considering a wider range of EOD price levels, the Commission
Commission finds that the proposed instruments in the pricing process. believes that improvements in the
rule change is consistent with Rule Because ICE Clear Europe uses EOD collection and calculation of BOWs
17Ad–22(e)(2)(i).41 prices to mark participant positions to would improve the accuracy and
market and establish and collect margin, reliability of ICE Clear Europe’s EOD
C. Consistency With Rule 17Ad–
including variation margin, the price levels. Finally, because ICE Clear
22(e)(6)(ii)
Commission believes that improvements Europe uses its EOD price levels to mark
Rule 17Ad–22(e)(6)(ii) requires that to the EOD pricing process would also participant positions to market and
ICE Clear Europe establish, implement, enhance ICE Clear Europe’s covering of establish and collect margin, including
maintain and enforce written policies credit exposures to its participants and variation margin, the Commission
and procedures reasonably designed to collection of margin. Moreover, the believes that the proposed rule change
cover its credit exposures to its Commission believes the governance would help ensure that the ICE Clear
participants by establishing a risk-based enhancements described above would Europe’s margin system uses reliable
margin system that marks participant help ensure that ICE Clear Europe’s sources of timely price data.
positions to market and collects margin, clearing risk department maintains an Therefore, for the above reasons the
including variation margin or equivalent effective EOD price discovery process Commission finds that the proposed
charges if relevant, at least daily and and takes into account current market rule change is consistent with Rule
includes the authority and operational conditions by consulting with the 17Ad–22(e)(6)(iv).45
capacity to make intraday margin calls trading advisory committee. The
in defined circumstances.42 IV. Conclusion
Commission therefore believes that the
As discussed above, the proposed rule proposed rule change would help On the basis of the foregoing, the
change would enhance ICE Clear establish and maintain written policies Commission finds that the proposed
Europe’s EOD price discovery by and procedures reasonably designed to rule change is consistent with the
amending the Price Discovery Policy to cover ICE Clear Europe’s credit requirements of the Act, and in
(1) compute a consensus BOW for each exposures to its participants by particular with the requirements of
benchmark single-name instrument; (2) establishing a risk-based margin system Section 17A(b)(3)(F) of the Act 46 and
determine the final EOD BOW as the that marks participant positions to Rules 17Ad–22(e)(2)(i), (e)(6)(ii), and
greater of an instrument’s final market and collects margin, including (e)(6)(iv) thereunder.47
systematic BOW and a dynamic BOW; variation margin. It is therefore ordered pursuant to
and (3) eliminate the use of the ISDA Therefore, for the above reasons the Section 19(b)(2) of the Act 48 that the
CDS Standard Model from the Commission finds that the proposed proposed rule change (SR–ICEEU–2018–
computation of BOWs for single-name rule change is consistent with Rule 009) be, and hereby is, approved.49
instruments. 17Ad–22(e)(6)(ii).43 For the Commission, by the Division of
The Commission believes that these Trading and Markets, pursuant to delegated
changes, taken together, would help D. Consistency With Rule 17Ad– authority.50
enhance ICE Clear Europe’s ability to 22(e)(6)(iv) Eduardo A. Aleman,
determine the EOD BOW for single- Rule 17Ad–22(e)(6)(iv) requires that Assistant Secretary.
name CDS instruments. By eliminating ICE Clear Europe establish, implement, [FR Doc. 2018–19640 Filed 9–10–18; 8:45 am]
the use of the ISDA CDS Standard maintain and enforce written policies BILLING CODE 8011–01–P
Model from the computation of single- and procedures reasonably designed to
name BOWs, accepting submissions cover its credit exposures to its
only in price terms, and computing a participants by establishing a risk-based DEPARTMENT OF STATE
consensus BOW for each benchmark margin system that uses reliable sources
single-name CDS instrument, the of timely price data and uses procedures [Public Notice: 10538]
Commission believes the proposed rule and sound valuation models for
change would help ICE Clear Europe to addressing circumstances in which Notice of Determinations; Culturally
determine BOWs more consistently pricing data are not readily available or Significant Objects Imported for
across single-name instruments on all reliable.44 Exhibition—Determinations: ‘‘Tomma
reference entities, including those for As discussed above, the proposed rule Abts’’ Exhibition
which little intraday data is available. In change would help improve the pricing SUMMARY: Notice is hereby given of the
addition, as noted above, the dynamic data that ICE Clear Europe uses in its following determinations: I hereby
BOW would widen BOWs in response margin system. Specifically, the
to the observed dispersion of price- proposed rule change would, as 45 17 CFR 240.17Ad–22(e)(6)(iv).
space levels submitted in the EOD price discussed above, enhance the 46 15 U.S.C. 78q–1.
daltland on DSKBBV9HB2PROD with NOTICES

discovery process. Thus, by determining computation of BOWs for single-name 47 17 CFR 240.17Ad–22(e)(2)(i), (e)(6)(ii), and

the final EOD BOW as the greater of an CDS instruments by amending the Price (e)(6)(iv).
48 15 U.S.C. 78s(b)(2).
instrument’s final systematic BOW and Discovery Policy to (1) compute a 49 In approving the proposed rule change, the
a dynamic BOW, the Commission consensus BOW for each benchmark Commission considered the proposal’s impact on
efficiency, competition, and capital formation. 15
41 17 CFR 240.17Ad–22(e)(2)(i). 43 17 CFR 240.17Ad–22(e)(6)(ii). U.S.C. 78c(f).
42 17 CFR 240.17Ad–22(e)(6)(ii). 44 17 CFR 240.17Ad–22(e)(6)(iv). 50 17 CFR 200.30–3(a)(12).

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Federal Register / Vol. 83, No. 176 / Tuesday, September 11, 2018 / Notices 46009

determine that certain objects to be 2018, until on or about March 10, 2019, FOR FURTHER INFORMATION CONTACT: Julie
included in the exhibition ‘‘Tomma and at the Hirshhorn Museum and Simpson, Attorney-Adviser, Office of
Abts,’’ imported from abroad for Sculpture Garden, Washington, District the Legal Adviser, U.S. Department of
temporary exhibition within the United of Columbia, from on or about April 18, State (telephone: 202–632–6471; email:
States, are of cultural significance. The 2019, until on or about September 2, section2459@state.gov). The mailing
objects are imported pursuant to loan 2019, and at possible additional address is U.S. Department of State,
agreements with the foreign owners or exhibitions or venues yet to be L/PD, SA–5, Suite 5H03, Washington,
custodians. I also determine that the determined, is in the national interest. DC 20522–0505.
exhibition or display of the exhibit I have ordered that Public Notice of SUPPLEMENTARY INFORMATION: The
objects at The Art Institute of Chicago, these determinations be published in foregoing determinations were made
in Chicago, Illinois, from on or about the Federal Register. pursuant to the authority vested in me
October 18, 2018, until on or about FOR FURTHER INFORMATION CONTACT: Julie by the Act of October 19, 1965 (79 Stat.
February 17, 2019, and at possible Simpson, Attorney-Adviser, Office of 985; 22 U.S.C. 2459), E.O. 12047 of
additional exhibitions or venues yet to the Legal Adviser, U.S. Department of March 27, 1978, the Foreign Affairs
be determined, is in the national State (telephone: 202–632–6471; email: Reform and Restructuring Act of 1998
interest. I have ordered that Public section2459@state.gov). The mailing (112 Stat. 2681, et seq.; 22 U.S.C. 6501
Notice of these determinations be address is U.S. Department of State, note, et seq.), Delegation of Authority
published in the Federal Register. L/PD, SA–5, Suite 5H03, Washington, No. 234 of October 1, 1999, and
FOR FURTHER INFORMATION CONTACT: Julie DC 20522–0505. Delegation of Authority No. 236–3 of
Simpson, Attorney-Adviser, Office of August 28, 2000.
SUPPLEMENTARY INFORMATION: The
the Legal Adviser, U.S. Department of
foregoing determinations were made Marie Therese Porter Royce,
State (telephone: 202–632–6471; email:
pursuant to the authority vested in me Assistant Secretary for Educational and
section2459@state.gov). The mailing
by the Act of October 19, 1965 (79 Stat. Cultural Affairs, Department of State.
address is U.S. Department of State,
985; 22 U.S.C. 2459), E.O. 12047 of [FR Doc. 2018–19719 Filed 9–10–18; 8:45 am]
L/PD, SA–5, Suite 5H03, Washington,
March 27, 1978, the Foreign Affairs BILLING CODE 4710–05–P
DC 20522–0505.
Reform and Restructuring Act of 1998
SUPPLEMENTARY INFORMATION: The
(112 Stat. 2681, et seq.; 22 U.S.C. 6501
foregoing determinations were made note, et seq.), Delegation of Authority DEPARTMENT OF STATE
pursuant to the authority vested in me No. 234 of October 1, 1999, Delegation
by the Act of October 19, 1965 (79 Stat. [Public Notice: 10537]
of Authority No. 236–3 of August 28,
985; 22 U.S.C. 2459), E.O. 12047 of 2000.
March 27, 1978, the Foreign Affairs Notice of Determinations; Culturally
Reform and Restructuring Act of 1998 Marie Therese Porter Royce, Significant Objects Imported for
(112 Stat. 2681, et seq.; 22 U.S.C. 6501 Assistant Secretary for Educational and
Exhibition—Determinations: ‘‘Günther
note, et seq.), Delegation of Authority Cultural Affairs, Department of State. Förg: A Fragile Beauty’’ Exhibition
No. 234 of October 1, 1999, and [FR Doc. 2018–19715 Filed 9–10–18; 8:45 am] SUMMARY: Notice is hereby given of the
Delegation of Authority No. 236–3 of BILLING CODE 4710–05–P following determinations: I hereby
August 28, 2000. determine that certain objects to be
Marie Therese Porter Royce,
included in the exhibition ‘‘Günther
DEPARTMENT OF STATE Förg: A Fragile Beauty,’’ imported from
Assistant Secretary for Educational and
Cultural Affairs, Department of State.
abroad for temporary exhibition within
[Public Notice: 10539] the United States, are of cultural
[FR Doc. 2018–19717 Filed 9–10–18; 8:45 am]
significance. The objects are imported
BILLING CODE 4710–05–P Notice of Determinations; Culturally pursuant to loan agreements with the
Significant Objects Imported for foreign owners or custodians. I also
Exhibition—Determinations: ‘‘Frans determine that the exhibition or display
DEPARTMENT OF STATE Hals Portraits: A Family Reunion’’ of the exhibit objects at the Dallas
[Public Notice: 10536] Exhibition Museum of Art, Dallas, Texas, from on
SUMMARY: Notice is hereby given of the or about October 21, 2018, until on or
Notice of Determinations; Culturally about January 27, 2019, and at possible
following determinations: I hereby
Significant Object Imported for additional exhibitions or venues yet to
determine that certain objects to be
Exhibition—Determinations: ‘‘Enrico be determined, is in the national
included in the exhibition ‘‘Frans Hals
David: Gradations of Slow Release’’ interest. I have ordered that Public
Portraits: A Family Reunion,’’ imported
Exhibition Notice of these determinations be
from abroad for temporary exhibition
SUMMARY: Notice is hereby given of the within the United States, are of cultural published in the Federal Register.
following determinations: I hereby significance. The objects are imported FOR FURTHER INFORMATION CONTACT:
determine that a certain object to be pursuant to loan agreements with the Elliot Chiu, Attorney-Adviser, Office of
included in the exhibition ‘‘Enrico foreign owners or custodians. I also the Legal Adviser, U.S. Department of
David: Gradations of Slow Release,’’ determine that the exhibition or display State (telephone: 202–632–6471; email:
imported from abroad for temporary of the exhibit objects at the Toledo section2459@state.gov). The mailing
exhibition within the United States, is Museum of Art, Toledo, Ohio, from on address is U.S. Department of State,
daltland on DSKBBV9HB2PROD with NOTICES

of cultural significance. The object is or about October 13, 2018, until on or L/PD, SA–5, Suite 5H03, Washington,
imported pursuant to a loan agreement about January 6, 2019, and at possible DC 20522–0505.
with the foreign owner or custodian. I additional exhibitions or venues yet to SUPPLEMENTARY INFORMATION: The
also determine that the exhibition or be determined, is in the national foregoing determinations were made
display of the exhibit object at the interest. I have ordered that Public pursuant to the authority vested in me
Museum of Contemporary Art, Chicago, Notice of these determinations be by the Act of October 19, 1965 (79 Stat.
Illinois, from on or about September 29, published in the Federal Register. 985; 22 U.S.C. 2459), E.O. 12047 of

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Document Created: 2018-09-11 01:03:21
Document Modified: 2018-09-11 01:03:21

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		Notices
Contact		Julie Simpson, Attorney-Adviser, Office of the Legal Adviser, U.S. Department of State (telephone: 202-
FR Citation		83 FR 46008