Federal Register, Volume 76, Number 149, August 3, 2011, Pages 46595-47054 Page: 46,652
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Federal Register/Vol. 76, No. 149/Wednesday, August 3, 2011 /Proposed Rules
ADDRESSES: Further NRC action on the
issues raised by this petition can be
found on the Federal rulemaking Web
site at http://www.regulations.gov by
searching on Docket ID: NRC-2011-
0137 which is the identification for the
You can access publicly available
documents related to the petition using
the following methods:
* The NRC's Public Document Room
(PDR). The public may examine and
have copied, for a fee, publicly available
documents at the NRC's PDR, Room 01-
F21, One White Flint North, 11555
Rockville Pike, Rockville, MD 20852.
* The NRC's Agencywide Documents
Access and Management System
(ADAMS). Publicly available documents
created or received at the NRC are
available electronically at the NRC
Library at http://www.nrc.gov/reading-
rm/adams.html. From this page, the
public can access ADAMS to obtain text
and image files of the NRC's public
documents. If you do not have access to
ADAMS or if you have problems
accessing the documents located in
ADAMS, contact the NRC's PDR
reference staff by telephone at 1-800-
397-4209 or 301-415-4737 or by e-mail
* Federal Rulemaking Web Site.
Public comments and supporting
materials related to this petition can be
found at http://www.regulations.gov by
searching on the rulemaking Docket ID
PRM-26-4, NRC-2010-0269. Address
questions about NRC dockets to Carol
Gallagher by telephone at 301-492-3668
or by e-mail to email@example.com.
FOR FURTHER INFORMATION CONTACT:
Anthony W. Markley, Office of Nuclear
Reactor Regulation, U.S. Nuclear
Regulatory Commission, Washington,
DC 20555-0001, telephone: 301-415-
3165, e-mail to
SUPPLEMENTARY INFORMATION: On August
24, 2010 (75 FR 51958), the NRC
published a notice of receipt of a PRM
filed by the California Association of
Marriage and Family Therapists and a
request for public comment. The
comment period closed on November 8,
2010, and the NRC received no
The NRC determined that the issues
raised in PRM-26-4 are appropriate for
consideration and will address them in
a future rulemaking. Docket ID PRM-
26-4 is closed.
Dated at Rockville, Maryland, this 14th day
of July 2011.
For the Nuclear Regulatory Commission.
Darren B. Ash,
Acting Executive Director for Operations.
[FR Doc. 2011-19639 Filed 8-2-11; 8:45 am]
BILLING CODE 7590-01-P
FEDERAL RESERVE SYSTEM
12 CFR Part 240
[Docket No. R-1428]
RIN 7100-AD 79
Retail Foreign Exchange Transactions
AGENCY: Board of Governors of the
Federal Reserve System.
ACTION: Notice of proposed rulemaking
and request for comment.
SUMMARY: The Board of Governors of the
Federal Reserve System ("Board") is
publishing for comment a regulation to
permit banking organizations under its
supervision to engage in off-exchange
transactions in foreign currency with
retail customers. The proposed rule also
describes various requirements with
which banking organizations must
comply to conduct such transactions.
DATES: Comments on this notice of
proposed rulemaking must be received
by October 11, 2011.
ADDRESSES: You may submit comments
identified by Docket No. R-1428 and
RIN No. 7100-AD 79, by using any of
the methods below. Please submit your
comments using only one method.
Agency Web Site: http://
www.federalreserve.gov. Follow the
instructions for submitting comments at
Federal eRulemaking Portal: http://
www.regulations.gov. Follow the
instructions for submitting comments.
Include docket number in the subject
line of the message.
Facsimile: (202) 452-3819 or (202)
Mail: Jennifer J. Johnson, Secretary,
Board of Governors of the Federal
Reserve System, 20th Street and
Constitution Avenue, NW., Washington,
All public comments are available
from the Board's Web site at htpp://
foia/ProposedRegs.cfm as submitted,
unless modified for technical reasons.
Accordingly, your comments will not be
edited to remove any identifying
information. Public comments may also
be viewed electronically or in paper
form in Room MP-500 of the Board's
Martin Building (20th and C Streets,
NW.) between 9 a.m. and 5 p.m. on
FOR FURTHER INFORMATION CONTACT:
Scott Holz, Senior Counsel, Legal
Division, (202) 452-2966.
On July 21, 2010, President Obama
signed into law the Dodd-Frank Wall
Street Reform and Consumer Protection
Act of 2010 (Dodd-Frank Act).1 As
amended by section 742(c)(2) of the
Dodd-Frank Act,2 the Commodity
Exchange Act (CEA) provides that a
United States financial institution3 for
which there is a Federal regulatory
agency 4 shall not enter into, or offer to
enter into, certain types of foreign
exchange transactions described in
section 2(c)(2)(B)(i)(I) of the CEA with a
retail customer5 except pursuant to a
rule or regulation of a Federal regulatory
agency allowing the transaction under
such terms and conditions as the
Federal regulatory agency shall
prescribe 6 (a "retail forex rule").
Section 2(c)(2)(B)(i)(I) includes "an
agreement, contract, or transaction in
foreign currency that * * * is a contract
of sale of a commodity for future
delivery (or an option on such a
contract) or an option (other than an
option executed or traded on a national
securities exchange registered pursuant
to section 6(a) of the Securities
Exchange Act of 1934 (15 U.S.C.
78f(a))." A Federal regulatory agency's
retail forex rule must treat all such
futures and options and all agreements,
contracts, or transactions that are
functionally or economically similar to
such futures and options similarly.8
'Public Law 111-203, 124 Stat. 1376.
2 Dodd-Frank Act 742(c)(2) (to be codified at 7
U.S.C. 2(c)(2)(E)). In this preamble, citations to the
retail forex statutory provisions will be the section
where the provisions will be codified in the
Commodity Exchange Act.
3 The CEA defines "financial institution" to
include an agreement corporation, an Edge Act
corporation, a depository institution (as defined in
section 3 of the Federal Deposit Insurance Act), a
financial holding company (as defined in section 2
of the Bank Holding Company Act of 1956), a trust
company, or "a similarly regulated subsidiary or
affiliate of an entity" described above. 7 U.S.C.
4 For purposes of the retail forex rules, "Federal
regulatory agency" includes "an appropriate
Federal banking agency." 7 U.S.C. 2(c)(2)(E)(i)(III).
The Board is an "appropriate Federal banking
agency" under the CEA. 7 U.S.C. la(2).
5 A retail customer is a person who is not an
"eligible contract participant" under the CEA. See,
7 U.S.C. la(18).
6 7 U.S.C. 2(c)(2)(E)(ii)(I).
7 7 U.S.C. 2(c)(2)(B)(i)(I).
8 7 U.S.C. 2(c)(2)(E)(iii)(II).
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United States. Office of the Federal Register. Federal Register, Volume 76, Number 149, August 3, 2011, Pages 46595-47054, periodical, August 3, 2011; Washington D.C.. (digital.library.unt.edu/ark:/67531/metadc52326/m1/66/: accessed September 22, 2017), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT Libraries Government Documents Department.