41126 Federal Register / Vol. 79, No. 135 / Tuesday, July 15, 2014 / Rules and Regulations 

Airspace Flight visibility Distance from clouds 

*******

Class G.

*******

For helicopters: 

Day ................................................................................... 1⁄2 statute mile ........................................... Clear of clouds 

* * * * * * * 

* * * * * 

■ 2. On page 9975, in the third column, 

in § 135.609, revise paragraph (a) 

introductory text to read as follows: 

§ 135.609 VFR ceiling and visibility 

requirements for Class G airspace. 

(a) Unless otherwise specified in the 

certificate holder’s operations 

specifications, when conducting VFR 

helicopter air ambulance operations in 

Class G airspace, the weather minimums 

in the following table apply: 

* * * * * 

■ 3. On page 9978, in the third column, 

in § 135.621, revise paragraph (b) to read 

as follows: 

§ 135.621 Briefing of medical personnel. 

* * * * * 

(b) The briefing required in 

paragraphs (a)(2) through (9) of this 

section may be omitted if all medical 

personnel on board have satisfactorily 

completed the certificate holder’s FAAapproved medical personnel training 

program within the preceding 24 

calendar months. Each training program 

must include a minimum of 4 hours of 

ground training, and 4 hours of training 

in and around an air ambulance 

helicopter, on the topics set forth in 

paragraph (a)(2) through (9) of this 

section. 

* * * * * 

Issued under authority of 49 U.S.C. 106(f), 

44701(a), and 44730 in Washington, DC, on 

July 9, 2014. 

Brenda D. Courtney, 

Acting Director, Office of Rulemaking. 

[FR Doc. 2014–16523 Filed 7–14–14; 8:45 am] 

BILLING CODE 4910–13–P 

COMMODITY FUTURES TRADING 

COMMISSION 

17 CFR Part 23 

RIN 3038–AC96 

Swap Dealer and Major Swap 

Participant Recordkeeping, Reporting, 

and Duties Rules; Futures Commission 

Merchant and Introducing Broker 

Conflicts of Interest Rules; and Chief 

Compliance Officer Rules for Swap 

Dealers, Major Swap Participants, and 

Futures Commission Merchants; 

Correction 

AGENCY: Commodity Futures Trading 

Commission. 

ACTION: Correcting amendments. 

SUMMARY: This document contains 

corrections to final regulations, which 

were published in the Federal Register 

of Tuesday, April 3, 2012. The 

regulations are related to the risk 

management programs of swap dealers 

and major swap participants. 

DATES: Effective July 15, 2014. 

FOR FURTHER INFORMATION CONTACT: 

Frank Fisanich, Chief Counsel, 202– 

418–5949, ffisanich@cftc.gov, or Gregory 

Scopino, Special Counsel, 202–418– 

5175, gscopino@cftc.gov, Division of 

Swap Dealer and Intermediary 

Oversight, Commodity Futures Trading 

Commission, Three Lafayette Centre, 

1155 21st Street NW., Washington, DC 

20581. 

SUPPLEMENTARY INFORMATION: 

Background 

The final regulations that are the 

subject of these corrections imposed 

certain requirements on swap dealers 

and major swap participants regarding 

risk management programs. The final 

regulations were promulgated pursuant 

to sections 4s(h)(1)(D), 4s(h)(3)(D), 4s(j), 

and 8a(5) of the Commodity Exchange 

Act, 7 U.S.C. 4s(h)(1)(D), 4s(h)(3)(D), 

4s(j), and 8a(5). 

Need for Correction 

As published, the final regulations 

contain errors which may prove to be 

misleading and need to be clarified. 

List of Subjects in 17 CFR Part 23 

Antitrust, Commodity futures, 

Conduct standards, Conflict of interests, 

Major swap participants, Reporting and 

recordkeeping, Swap dealers, Swaps. 

Accordingly, 17 CFR part 23 is 

corrected by making the following 

correcting amendment: 

PART 23—SWAP DEALERS AND 

MAJOR SWAP PARTICIPANTS 

■ 1. The authority citation for part 23 

continues to read as follows: 

Authority: 7 U.S.C. 1a, 2, 6, 6a, 6b, 6b–1, 

6c, 6p, 6r, 6s, 6t, 9, 9a, 12, 12a, 13b, 13c, 16a, 

18, 19, 21. 

■ 2. In § 23.600, revise paragraph (e)(2) 

to read as follows: 

§ 23.600 Risk Management Program for 

swap dealers and major swap participants. 

* * * * * 

(e) * * * 

(2) The annual reviews of the Risk 

Management Program shall include an 

analysis of adherence to, and the 

effectiveness of, the risk management 

policies and procedures, and any 

recommendations for modifications to 

the Risk Management Program. The 

annual testing shall be performed by 

qualified internal audit staff that are 

independent of the business trading unit 

being audited or by a qualified third 

party audit service reporting to staff that 

are independent of the business trading 

unit. The results of the annual review of 

the Risk Management Program shall be 

promptly reported to, and reviewed by, 

the chief compliance officer, senior 

management, and governing body of the 

swap dealer or major swap participant. 

* * * * * 

Issued in Washington, DC, on July 10, 

2014, by the Commission. 

Christopher J. Kirkpatrick, 

Acting Secretary of the Commission. 

[FR Doc. 2014–16583 Filed 7–14–14; 8:45 am] 

BILLING CODE 6351–01–P 


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