8340 Federal Register / Vol. 83, No. 39 / Tuesday, February 27, 2018 / Rules and Regulations 
§ 1420.1 [Amended] 
■2. In the second sentence of § 1420.1, 
remove the words, ‘‘April 30, 2012’’, 
and add in their place ‘‘January 1, 2019’’. 
■3. Revise § 1420.3(a) to read as 
follows: 
§ 1420.3 Requirements for four-wheel 
ATVs. 
(a) Each ATV shall comply with all 
applicable provisions of the American 
National Standard for Four-Wheel All- Terrain Vehicles (ANSI/SVIA 1–2017), ANSI-approved on June 8, 2017. The Director of the Federal Register approves this incorporation by reference in accordance with 5 U.S.C. 552(a) and 1 CFR part 51. You may obtain a copy from Specialty Vehicle Institute of America, 2 Jenner, Suite 150, Irvine, CA 92618–3806; telephone: 949–727–3727 ext. 3023; www.svia.org. You may 
inspect a copy at the Office of the Secretary, U.S. Consumer Product Safety Commission, Room 820, 4330 East-West Highway, Bethesda, MD. 20814, telephone: 301–504–7923, or at the National Archives and Records Administration (NARA). For information on the availability of this material at NARA, call 202–741–6030, or go to: www.archives.gov/federal- register/cfr/ibr-locations.html. 
* * * * * 
Alberta E. Mills, 
Secretary, Consumer Product Safety 
Commission. 
[FR Doc. 2018–03904 Filed 2–26–18; 8:45 am] 
BILLING CODE 6355–01–P 
CONSUMER PRODUCT SAFETY 
COMMISSION 
16 CFR Part 1500 
[CPSC Docket No. CPSC–2012–0036] 
Hazardous Substances and Articles; 
Administration and Enforcement Regulations: Corrections to Animal Testing Regulations 
AGENCY : Consumer Product Safety 
Commission. 
ACTION : Direct final rule. 
SUMMARY : The Consumer Product Safety 
Commission (CPSC or Commission) is issuing a direct final rule to correct its animal testing regulations under the Federal Hazardous Substances Act (FHSA). The rule reinserts text that was inadvertently omitted and corrects references. 
DATES : The rule is effective on April 30, 
2018, unless we receive significant adverse comment by March 29, 2018. If we receive timely significant adverse comment, we will publish notification in the Federal Register, withdrawing 
this direct final rule before its effective date. 
ADDRESSES : You may submit comments, 
identified by Docket No. CPSC–2012– 0036, by any of the following methods: 
Electronic Submissions: Submit 
electronic comments to the Federal eRulemaking Portal at: www.regulations.gov. Follow the 
instructions for submitting comments. The Commission does not accept comments submitted by electronic mail (email), except through www.regulations.gov. The Commission 
encourages you to submit electronic comments by using the Federal eRulemaking Portal, as described above. 
Written Submissions: Submit written 
submissions by mail/hand delivery/ courier to: Office of the Secretary, Consumer Product Safety Commission, Room 820, 4330 East West Highway, Bethesda, MD 20814; telephone (301) 504–7923. 
Instructions: All submissions received 
must include the agency name and docket number for this notice. All comments received may be posted without change, including any personal identifiers, contact information, or other personal information provided, to: www.regulations.gov. Do not submit 
confidential business information, trade secret information, or other sensitive or protected information that you do not want to be available to the public. If furnished at all, such information should be submitted in writing. 
Docket: For access to the docket to 
read background documents or comments received, go to: www.regulations.gov, and insert the 
docket number CPSC–2012–0036, into the ‘‘Search’’ box, and follow the prompts. 
FOR FURTHER INFORMATION CONTACT : 
Alice Thaler, Associate Executive Director for Health Sciences, Consumer Product Safety Commission, 5 Research Place, Rockville, MD 20850; telephone (301) 987–2240; athaler@cpsc.gov. 
SUPPLEMENTARY INFORMATION : 
A. Background 
The Federal Hazardous Substances 
Act (FHSA), 15 U.S.C. 1261–1278, requires appropriate cautionary labeling on certain hazardous household substances to alert consumers to the potential hazards that a product may present. Among the hazards addressed by the FHSA are products that are toxic, corrosive, irritants, flammable, combustible, or strong sensitizers. The FHSA and the Commission’s regulations at 16 CFR part 1500 provide the definitions and test methods used to determine whether a substance is ‘‘hazardous’’ under the FHSA. Specifically, § 1500.3(b) of these regulations restates the statutory definitions that are in the FHSA. Section 1500.3(c) interprets, supplements, or provide alternatives to the statutory definitions. Section 1500.40 provides the method of testing toxic substances. 
On December 10, 2012, the CPSC 
amended and updated regulations on the CPSC’s animal testing methods under the FHSA (77 FR 73289). Among other things, the amendment to 16 CFR 1500.3 explained that alternative test methods exist that avoid, reduce, or refine animal testing to determine toxicity. At the same time, the CPSC codified its statement of policy on animal testing to reflect new test methods accepted by the scientific community, including recommendations of the Interagency Coordinating Committee on the Validation of Alternative Methods in a new section, 16 CFR 1500.232. (77 FR 73286). Sections 1500.3(c) and 1500.232 cross-reference each other. 
CPSC staff recently reviewed the 
animal testing regulations. Staff’s review showed that when CPSC revised the animal testing regulations, the definitions in 16 CFR 1500.3(c)(2)(i), inadvertently removed the definition of ‘‘acute toxicity’’ (oral, dermal, and inhalation). Before the 2012 amendment, this definition appeared at § 1500.3(c)(2)(i)(A) through (C). We are amending § 1500.3(c)(2)(i) to restore the ‘‘acute toxicity’’ definition. In addition, staff found that two other corrections are needed. As explained below, we are reinserting a sentence into the definition of ‘‘corrosive’’ in § 1500.3, and we are correcting a reference that appears in the regulation on method of testing toxic substances at § 1500.40. 
B. Amendments 1. Definition of ‘‘Toxic’’ 
The FHSA defines the term ‘‘toxic.’’ 
15 U.S.C. 1261(f). The Commission has 
issued regulations that supplement the FHSA’s statutory definition under 16 CFR 1500.3(c). Before 2012, the regulatory definitions included a definition of ‘‘acute toxicity,’’ which provided guidance on the toxicity of substances falling in different toxicity ranges for oral, dermal, and inhalation exposures. The Commission intended to retain those paragraphs in the CFR under § 1500.3(c)(2)(i) when it amended the animal testing regulations. 77 FR 73293. However, the subsequent 
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versions of the CFR omitted those 
subparagraphs. These provisions are necessary because they give specificity to the definition of ‘‘toxic.’’ The paragraphs that were omitted included guidance on when a substance might be considered for exemption from some or all of the labeling requirements of the FHSA. In addition, the omitted provisions provided guidance on the toxicity of substances falling within the toxicity range of 500 mg and 5 grams per kilogram of body weight. Without this 
text in the CFR, the CPSC cannot reference the testing criteria that help to determine acute toxicity. The animal testing policy under 16 CFR 1500.232(b)(1)(i) also refers to these paragraphs (16 CFR 1500.3(c)(1) and (2)) to describe the traditional animal testing methods. 
Accordingly, the Commission amends 
§ 1500.3(c)(2)(i) to reinstate the omitted paragraphs to give specificity to the definition of ‘‘toxic.’’ 
2. Interpretation of ‘‘Corrosive’’ 
Section 1500.3(c)(3) provides a 
regulatory definition of ‘‘corrosive’’ that 
supplements the statutory definition of ‘‘corrosive’’ under the FHSA. Before the 2012 amendment of the animal testing regulations, 16 CFR 1500.3(c)(3) included a citation to the relevant section of the FHSA that defined the term ‘‘corrosive,’’ 15 U.S.C. 1261(h)(2)(i), and a cross-reference to 16 CFR 1500.3(b)(7), which restated the statutory definition of ‘‘corrosive.’’ However, that text was removed in the subsequent editions of the CFR. The Commission believes that reinserting that sentence in § 1500.3(c)(3) will help clarify what is meant by ‘‘corrosive’’ by providing the references to the statutory definition under the FHSA. Accordingly, the Commission amends § 1500.3(c)(3) to reference the definition of ‘‘corrosive’’ under 15 U.S.C. 1261(h)(2)(i), as cross-referenced in 16 CFR 1500.3(b)(7). 
3. Method of Testing Toxic Substances 
The method of testing toxic 
substances for acute dermal toxicity is 
set forth in 16 CFR 1500.40. Currently, the method of testing the toxic substances references ‘‘§ 1500.3(c)(1)(ii)(C) and (c)(2)(iii).’’ However, § 1500.3(c)(2)(iii) does not exist. Accordingly, the Commission is amending § 1500.40 to correct the references for testing toxic substances, which are § 1500.3(c)(1) and (2). 
C. Direct Final Rule Process 
The Commission is issuing this rule 
as a direct final rule. The 
Administrative Procedure Act (APA) generally requires notice and comment 
rulemaking. 5 U.S.C. 553. The direct final rule process is an appropriate process for expediting the issuance of non-controversial rules. In Recommendation 95–4, the Administrative Conference of the United States (ACUS) endorsed direct final rulemaking as an appropriate procedure to expedite promulgating rules that are noncontroversial and that are not expected to generate significant adverse comment. See 60 FR 43108 
(August 18, 1995). Consistent with the ACUS recommendation, the Commission is publishing this rule as a direct final rule because we believe the corrections will not be controversial. The rule will not impose any new obligations, but rather, will reinstate text that was inadvertently omitted and correct references. Therefore, the Commission believes this rulemaking is a non-controversial matter that is not likely to engender any significant comments. 
Unless we receive a significant 
adverse comment within 30 days, the rule will take effect on April 30, 2018. In accordance with ACUS’s recommendation, the Commission considers a significant adverse comment to be one where the commenter explains why the rule would be inappropriate, including an assertion challenging the rule’s underlying premise or approach, or a claim that the rule would be ineffective or unacceptable without change. 
Should the Commission receive 
significant adverse comment, the Commission would withdraw this direct final rule. Depending on the comments and other circumstances, the Commission may then incorporate the adverse comment into a subsequent direct final rule or publish a notice of 
proposed rulemaking, providing an opportunity for public comment. 
D. Regulatory Flexibility Act 
The Regulatory Flexibility Act (RFA) 
generally requires that agencies review 
proposed and final rules for their potential economic impact on small entities, including small businesses, and prepare regulatory flexibility analyses. 5 U.S.C. 603 and 604. When CPSC issued the animal testing regulations in December 2012, staff assessed the potential effect the regulations would have on small businesses, and the Commission certified that the rule would not have a significant impact on a substantial number of small entities. 77 FR 73293. The corrections to the regulations do not make any substantive changes. Therefore, the Commission certifies that the direct final rule will not have a significant impact on a substantial number of small entities. 
E. Paperwork Reduction Act 
This rule would not impose any 
information collection or disclosure 
requirements. Accordingly, the rule is not subject to the Paperwork Reduction Act, 44 U.S.C. 3501–3520. 
F. Environmental Considerations 
This rule makes corrections to 
regulatory definitions and references. As 
such, the rule will not affect the human environment. See 16 CFR 1021.5. 
List of Subjects in 16 CFR Part 1500 
Consumer protection, Hazardous 
substances, Imports, Infants and 
children, Labeling, Law enforcement, Reporting and recordkeeping requirements, Toys. 
Accordingly, 16 CFR part 1500 is 
amended as follows: 
PART 1500—[AMENDED] 
■1. The authority citation for part 1500 
is revised to reads as follows: 
Authority: 15 U.S.C. 1261–1278. 
■2. Amend § 1500.3 by: 
■a. Revising paragraph (c)(2)(i); and 
■b. Adding a sentence to the beginning 
of paragraph (c)(3). 
The revision and addition read as 
follows: 
§ 1500.3 Definitions. 
* * * * * 
(c) * * * 
(2) * * * (i) Acute toxicity. Toxic means any 
substance that produces death within 14 
days in half or more than half of a group of: 
(A) White rats (each weighing 
between 200 and 300 grams) when a single dose of from 50 milligrams to 5 grams per kilogram of body weight is administered orally. Substances falling in the toxicity range between 500 milligrams and 5 grams per kilogram of body weight will be considered for exemption from some or all of the labeling requirements of the act, under § 1500.82, upon a showing that such labeling is not needed because of the physical form of the substances (solid, a thick plastic, emulsion, etc.), the size or closure of the container, human experience with the article, or any other relevant factors; 
(B) White rats (each weighing between 
200 and 300 grams) when an atmospheric concentration of more than 200 parts per million but not more than 20,000 parts per million by volume of gas or vapor, or more than 2 but not more than 200 milligrams per liter by 
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1See infra footnote 71. volume of mist or dust, is inhaled 
continuously for 1 hour or less, if such concentration is likely to be encountered by man when the substance is used in any reasonably foreseeable manner; and/or 
(C) Rabbits (each weighing between 
2.3 and 3.0 kilograms) when a dosage of more than 200 milligrams but not more than 2 grams per kilogram of body weight is administered by continuous contact with the bare skin for 24 hours by the method described in § 1500.40. 
(D) The number of animals tested 
shall be sufficient to give a statistically significant result and shall be in conformity with good pharmacological practices. Toxic also applies to any 
substance that can be labeled as such, based on the outcome of any of the approved test methods described in the CPSC’s animal testing policy set forth in § 1500.232, including data from in vitro or in silico test methods that the 
Commission has approved; or a validated weight-of-evidence analysis comprising all of the following that are available: Existing human and animal data, structure activity relationships, physicochemical properties, and chemical reactivity data. 
* * * * * 
(3) The definition of corrosive in 
section 2(i) of the act (restated in 
paragraph (b)(7) of this section) is interpreted to also mean the following: ***  
* * * * * 
§ 1500.40 [Amended] 
■3. Amend the last sentence of the 
introductory text of § 1500.40 by 
removing the citation ‘‘§ 1500.3(c)(1)(ii)(C) and (c)(2)(iii)’’ and adding in its place ‘‘§ 1500.3(c)(1) and (2).’’ 
Alberta E. Mills, 
Secretary, Consumer Product Safety 
Commission. 
[FR Doc. 2018–03916 Filed 2–26–18; 8:45 am] 
BILLING CODE 6355–01–P 
SECURITIES AND EXCHANGE 
COMMISSION 
17 CFR Parts 270 and 274 
[Release No. IC–33010; File No. S7–03–18] 
RIN 3235–AM26 
Investment Company Liquidity Risk 
Management Programs; Commission Guidance for In-Kind ETFs 
AGENCY : Securities and Exchange 
Commission. ACTION : Interim final rule; request for 
comment; interpretation. 
SUMMARY : The Securities and Exchange 
Commission is adopting an interim final 
rule that revises the compliance date for the requirements of rule 22e–4 for classification, highly liquid investment minimum, and board approval, as well as related reporting requirements of Part D on Form N–LIQUID and liquidity disclosures on Form N–PORT under the Investment Company Act of 1940. The revised compliance date will be June 1, 2019, for larger entities (revised from December 1, 2018) and December 1, 2019, for smaller entities (revised from June 1, 2019). The Commission is not extending the compliance date for the other provisions of rule 22e–4 and Form N–LIQUID, and liquidity-related changes to Form N–CEN—which remain December 1, 2018 for larger entities and June 1, 2019 for smaller entities. The Commission also is not extending the compliance date for the liquidity-related provisions of Form N–1A, which has already passed. Finally, the Commission is providing guidance to assist funds 
that will not be engaging in full portfolio classification before the revised compliance date, and In-Kind ETFs, which are not required to engage in full portfolio classification, in identifying illiquid investments for purposes of complying with the 15% illiquid investment limit. 
DATES : 
Effective Dates: The effective date of 
the interim final rule is March 29, 2018. The effective date for 17 CFR 270.22e– 4 and 270.30b1–10 and the amendments to Form N–PORT (referenced in 17 CFR 274.150) published at 81 FR 82267 (November 18, 2016) remains January 17, 2017, and the effective date for amendments to Form N–CEN (referenced in 17 CFR 274.101) published at 81 FR 82267 (November 18, 2016) remains June 1, 2018. 
Compliance Dates: The compliance 
date for 17 CFR 270.22e–4(b)(1)(ii) except to the extent referenced in 17 CFR 270.22e–4(a)(8),
117 CFR 270.22e– 
4(b)(1)(iii), 17 CFR 270.22e–4(b)(2)(i) and (iii), certain elements of 17 CFR 270.22e–4(b)(3) related to the delayed provisions of rule 22e–4, and the liquidity-related amendments to Form N–PORT (discussed in section I.C below) and Part D of Form N–LIQUID have been extended until June 1, 2019 for larger entities, and December 1, 2019 for smaller entities, as defined in section I below. 
Comment Date: Comments should be 
received on or before April 27, 2018. 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/interim-final-temp.shtml); 
•Send an email to rule-comments@
sec.gov. Please include File Number S7– 03–18 on the subject line; or 
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 S7–03–18. 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 website (http://www.sec.gov/rules/interim-final- temp.shtml). Comments are also available for website 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. Persons submitting comments are cautioned that we do not redact or edit personal identifying information from comment 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 Commission’s website. 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 : 
Zeena Abdul-Rahman, Senior Counsel, or Thoreau Bartmann, Senior Special Counsel, at (202) 551–6792, Division of Investment Management, Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549–8549. 
SUPPLEMENTARY INFORMATION : The 
Securities and Exchange Commission (‘‘Commission’’) is extending the compliance dates associated with following provisions of rule 22e–4 [17 CFR 270.22e–4]: Rule 22e–4(b)(1)(ii) [17 CFR 270.22e–4(b)(1)(ii)] except to the extent it is referenced in rule 22e–4(a)(8) [17 CFR 270.22e–4(a)(8)]; rule 22e– 4(b)(1)(iii) [17 CFR 270.22e–4(b)(1)(iii)]; 
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