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Federal Register Highlights – 9/24/14

September 24, 2014

Unpublished, time-sensitive and proposed rules for September 24, 2014:

PROPOSED RULE: The OCC, Board, FDIC, FCA, and FHFA (each an ‘‘Agency’’ and, collectively, the ‘‘Agencies’’) are seeking comment on a proposed joint rule to establish minimum margin and capital requirements for registered swap dealers, major swap participants, security-based swap dealers, and major security-based swap participants for which one of the Agencies is the prudential regulator. This proposed rule implements sections 731 and 764 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which require the Agencies to adopt rules jointly to establish capital requirements and initial and variation margin requirements for such entities and their counterparties on all non-cleared swaps and non-cleared security-based swaps in order to offset the greater risk to such entities and the financial system arising from the use of swaps and security-based swaps that are not cleared. Comments should be received on or before November 24, 2014. (To submit comments, visit http://www.regulations.gov, reference docket number OCC–2011–0008. Commenting page was not available at the time of this posting.)

PROPOSED RULE: NASA is updating the NASA FAR Supplement (NFS) with the goal of eliminating unnecessary regulation, streamlining overly-burdensome regulation, clarifying language, and simplifying processes where possible. This proposed rule is the second in a series and includes updates and revisions to 14 parts of the NFS. On January 18, 2011, President Obama signed Executive Order (E.O.) 13563, Improving Regulations and Regulatory Review, directing agencies to develop a plan for a retrospective analysis of existing regulations. The revisions to this proposed rule are part of NASA’s retrospective plan under E.O. 13563 completed in August 2011. Interested parties should submit comments to NASA at the address below on or before November 24, 2014 to be considered in formulation of the final rule. (To submit comments, visit http://www.regulations.gov, reference RIN 2700–AE09. Commenting page was not available at the time of this posting.)

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