71356 Federal Register / Vol. 81, No. 200 / Monday, October 17, 2016 / Rules and Regulations 

1The FDIC expects to evaluate jointly with the 

Federal Reserve and the OCC whether foreign 

special resolution regimes meet the requirements of 

this paragraph. 

Authority: 12 U.S.C. 1815, 1816, 1818, 

1819, 1828, 1831p–1, 5412. 

■ 12. Amend § 329.3 as follows: 

■ a. Redesignate footnote 1 as footnote 

2.; and 

■ b. Revise the definition of ‘‘Qualifying 

master netting agreement’’ to read as 

follows: 

§ 329.3 Definitions. 

* * * * * 

Qualifying master netting agreement 

means a written, legally enforceable 

agreement provided that: 

(1) The agreement creates a single 

legal obligation for all individual 

transactions covered by the agreement 

upon an event of default following any 

stay permitted by paragraph (2) of this 

definition, including upon an event of 

receivership, insolvency, 

conservatorship, liquidation, or similar 

proceeding, of the counterparty; 

(2) The agreement provides the FDICsupervised institution the right to 

accelerate, terminate, and close-out on a 

net basis all transactions under the 

agreement and to liquidate or set-off 

collateral promptly upon an event of 

default, including upon an event of 

receivership, conservatorship, 

insolvency, liquidation, or similar 

proceeding, of the counterparty, 

provided that, in any such case, any 

exercise of rights under the agreement 

will not be stayed or avoided under 

applicable law in the relevant 

jurisdictions, other than: 

(i) In receivership, conservatorship, or 

resolution under the Federal Deposit 

Insurance Act, Title II of the DoddFrank Act, or under any similar 

insolvency law applicable to GSEs, or 

laws of foreign jurisdictions that are 

substantially similar 1 to the U.S. laws 

referenced in this paragraph (2)(i) in 

order to facilitate the orderly resolution 

of the defaulting counterparty; or 

(ii) Where the agreement is subject by 

its terms to, or incorporates, any of the 

laws referenced in paragraph (2)(i) of 

this definition; 

(3) The agreement does not contain a 

walkaway clause (that is, a provision 

that permits a non-defaulting 

counterparty to make a lower payment 

than it otherwise would make under the 

agreement, or no payment at all, to a 

defaulter or the estate of a defaulter, 

even if the defaulter or the estate of the 

defaulter is a net creditor under the 

agreement); and 

(4) In order to recognize an agreement 

as a qualifying master netting agreement 

for purposes of this subpart, an FDICsupervised institution must comply 

with the requirements of § 329.4(a) with 

respect to that agreement. 

* * * * * 

By order of the Board of directors of the 

Federal Deposit Insurance Corporation. 

Dated: September 20, 2016. 

Valerie J. Best, 

Assistant Executive Secretary. 

[FR Doc. 2016–25021 Filed 10–14–16; 8:45 am] 

BILLING CODE P 

FARM CREDIT ADMINISTRATION 

12 CFR Parts 650, 651, 653, and 655 

RIN 3052–AC89 

Federal Agricultural Mortgage 

Corporation Governance; Standards of 

Conduct; Risk Management; and 

Disclosure and Reporting 

AGENCY: Farm Credit Administration. 

ACTION: Notice of effective date. 

SUMMARY: The Farm Credit 

Administration (FCA, we, Agency or 

our) amended our regulations to related 

to the Federal Agricultural Mortgage 

Corporation’s (Farmer Mac or 

Corporation) risk governance and 

making enhancements to existing 

disclosure and reporting requirements. 

The risk governance regulations require 

the Corporation to establish and 

maintain a board-level risk management 

committee and a risk officer, as well as 

risk management policies and internal 

controls. The changes to disclosure and 

reporting requirements remove 

repetitive reporting and allow for 

electronic filing of reports. We also 

finalized rules on the examination and 

enforcement authorities held by the 

FCA Office of Secondary Market 

Oversight over the Corporation. In 

accordance with the law, the effective 

date of the rule is no earlier than 30 

days from the date of publication in the 

Federal Register during which either or 

both Houses of Congress are in session. 

DATES: Effective date: Under the 

authority of 12 U.S.C. 2252, the 

regulation amending 12 CFR parts 650, 

651, 653, and 655 published on July 27, 

2016 (81 FR 49139) is effective October 

17, 2016. 

FOR FURTHER INFORMATION CONTACT: 

Joseph Connor, Associate Director for 

Policy and Analysis, Office of 

Secondary Market Oversight, Farm 

Credit Administration, McLean, VA 

22102–5090, (703) 883–4364, TTY 

(703) 883–4056, 

or 

Laura McFarland, Senior Counsel, 

Office of General Counsel, Farm 

Credit Administration, McLean, VA 

22102–5090, (703) 883–4020, TTY 

(703) 883–4056. 

SUPPLEMENTARY INFORMATION: The Farm 

Credit Administration amended our 

regulations related to the Federal 

Agricultural Mortgage Corporation’s 

(Farmer Mac or Corporation) risk 

governance and making enhancements 

to existing disclosure and reporting 

requirements. The risk governance 

regulations require the Corporation to 

establish and maintain a board-level risk 

management committee and a risk 

officer, as well as risk management 

policies and internal controls. The 

changes to disclosure and reporting 

requirements remove repetitive 

reporting and allow for electronic filing 

of reports. We also finalized rules on the 

examination and enforcement 

authorities held by the FCA Office of 

Secondary Market Oversight over the 

Corporation. In accordance with 12 

U.S.C. 2252, the effective date of the 

final rule is no earlier than 30 days from 

the date of publication in the Federal 

Register during which either or both 

Houses of Congress are in session. Based 

on the records of the sessions of 

Congress, the effective date of the 

regulations is October 17, 2016. 

(12 U.S.C. 2252(a)(9) and (10)) 

Dated: October 12, 2016. 

Dale L. Aultman, 

Secretary, Farm Credit Administration Board. 

[FR Doc. 2016–25050 Filed 10–14–16; 8:45 am] 

BILLING CODE 6705–01–P 

DEPARTMENT OF TRANSPORTATION 

Federal Aviation Administration 

14 CFR Part 25 

[Docket No. FAA–2013–0920; Special 

Conditions No. 25–501–SC] 

Special Conditions: Learjet Model 45 

Series Airplanes; Aircraft Electronic 

System Security Protection From 

Unauthorized External Access 

AGENCY: Federal Aviation 

Administration (FAA), DOT. 

ACTION: Final special conditions; request 

for comments; correction. 

SUMMARY: The FAA is correcting a final 

special conditions; request for 

comments document published in the 

Federal Register on October 31, 2013 

(78 FR 65153). In that document the 

special conditions number was incorrect 


jstallworth on DSK7TPTVN1PROD with RULES
Federal Register / Vol. 81, No. 200 / Monday, October 17, 2016 / Rules and Regulations 71357 

and this document now posts the 

correct special conditions number. Also, 

a typographical error occurred in the 

wording of one of the headings 

paragraphs of the document. This 

document now posts the correct 

headings wording. 

DATES: This correction is effective on 

October 17, 2016. 

FOR FURTHER INFORMATION CONTACT: 

Varun Khanna, FAA, Airplane and 

Flight Crew Interface Branch, ANM– 

111, Transport Airplane Directorate, 

Aircraft Certification Service, 1601 Lind 

Avenue SW., Renton, WA 98055–4056; 

telephone (425) 227–1298; facsimile 

(425) 227–1149. 

SUPPLEMENTARY INFORMATION: 

Background 

On October 31, 2013 (78 FR 65153), 

the FAA published a final special 

conditions, request for comments 

document entitled ‘‘Special Conditions: 

Learjet Model 45 Series Airplanes; 

Aircraft Electronic System Security 

Protection from Unauthorized External 

Access.’’ The document issued special 

conditions pertaining to aircraft 

electronic system security protection 

from unauthorized external access for 

the Learjet Model 45 series airplanes. 

However, the final special conditions; 

request for comments, document was 

published with an incorrect special 

conditions number. The correct special 

conditions number for this document is 

‘‘25–501–SC.’’ 

Also, there was a typographical error 

in one of the headings paragraphs of the 

document. The correct heading should 

read ‘‘ACTION: Final special conditions, 

request for comments.’’ This document 

corrects that error. 

Since no part of the regulatory 

information in the special conditions 

has been changed, the special 

conditions are not being republished. 

Correction 

In Final special conditions; request 

for comments document [FR Doc. 2013– 

25846, Filed 10–30–13; 8:45 a.m.] and 

published in the Federal Register on 

October 31, 2013 (78 FR 65153), make 

the following corrections: 

1. On page 65153, in the first column, 

correct the 4th headings paragraph, from 

‘‘[Docket No. FAA–2013–0920, Special 

Conditions No. 25–13–12–SC]’’ to read 

as ‘‘[Docket No. FAA–2013–0920, 

Special Conditions No. 25–501–SC].’’ 

2. On page 63153, in the first column, 

correct the 7th headings paragraph, from 

‘‘ACTION: Final special condition; 

request for comments.’’ to read as 

‘‘ACTION: Final special conditions; 

request for comments.’’ 

Issued in Renton, Washington, on October 

6, 2016. 

Michael Kaszycki, 

Assistant Manager, Transport Airplane 

Directorate, Aircraft Certification Service. 

[FR Doc. 2016–25063 Filed 10–14–16; 8:45 am] 

BILLING CODE 4910–13–P 

DEPARTMENT OF TRANSPORTATION 

Federal Aviation Administration 

14 CFR Part 25 

[Docket No. FAA–2013–0919, Special 

Conditions No. 25–502–SC] 

Special Conditions: Learjet Model 45 

Series Airplanes; Isolation or Security 

Protection of the Aircraft Control 

Domain and the Airline Information 

Services Domain From the Passenger 

Services Domain 

AGENCY: Federal Aviation 

Administration (FAA), DOT. 

ACTION: Final special conditions; request 

for comments; correction. 

SUMMARY: The FAA is correcting a final 

special conditions; request for 

comments document published in the 

Federal Register on October 31, 2013 

(78 FR 65155). In that document the 

special conditions number was incorrect 

and this document now posts the 

correct special conditions number. Also, 

a typographical error occurred in the 

wording of one of the headings 

paragraphs of the document. This 

document now posts the correct 

headings wording. 

DATES: This correction is effective on 

October 17, 2016. 

FOR FURTHER INFORMATION CONTACT: 

Varun Khanna, FAA, Airplane and 

Flight Crew Interface Branch, ANM– 

111, Transport Airplane Directorate, 

Aircraft Certification Service, 1601 Lind 

Avenue SW., Renton, WA 98055–4056; 

telephone (425) 227–1298; facsimile 

(425) 227–1149. 

SUPPLEMENTARY INFORMATION: 

Background 

On October 31, 2013 (78 FR 65155), 

the FAA published a final special 

conditions, request for comments 

document entitled ‘‘Special Conditions: 

Learjet Model 45 Series Airplanes; 

Isolation or Security Protection of the 

Aircraft Control Domain and the Airline 

Information Services Domain from the 

Passenger Services Domain.’’ The 

document issued special conditions 

pertaining to isolation or security 

protection of the aircraft control domain 

and the airline information services 

domain from the passenger services 

domain for the Learjet Model 45 series 

airplanes. 

However, the special conditions; 

request for comments document was 

published with an incorrect special 

conditions number. The correct special 

conditions number for this document is 

‘‘25–502–SC.’’ 

Also, there was a typographical error 

in one of the headings paragraphs in the 

document. The correct heading should 

read ‘‘ACTION: Final special conditions, 

request for comments.’’ This document 

corrects that error. 

Since no part of the regulatory 

information in the special conditions 

has been changed, the special 

conditions are not being republished. 

Correction 

In Final special conditions; request 

for comments document [FR Doc. 2013– 

25851, Filed 10–30–13; 8:45 a.m.] and 

published on October 31, 2013 (78 FR 

65155), make the following corrections: 

1. On page 65155, in the first column, 

correct the 4th headings paragraph, from 

‘‘[Docket No. FAA–2013–0919, Special 

Conditions No. 25–13–11–SC]’’ to read 

as ‘‘[Docket No. FAA–2013–0919, 

Special Conditions No. 25–502–SC].’’ 

2. On page 65155, in the first column, 

correct the 7th headings paragraph, from 

‘‘ACTION: Final special condition; 

request for comments.’’ to read as 

‘‘ACTION: Final special conditions, 

request for comments.’’ 

Issued in Renton, Washington, on October 

6, 2016. 

Michael Kaszycki, 

Assistant Manager, Transport Airplane 

Directorate, Aircraft Certification Service. 

[FR Doc. 2016–25062 Filed 10–14–16; 8:45 am] 

BILLING CODE 4910–13–P 

DEPARTMENT OF TRANSPORTATION 

Federal Aviation Administration 

14 CFR Part 25 

[Docket No. FAA–2016–9282; Special 

Conditions No. 25–640–SC] 

Special Conditions: Embraer S.A., 

Model ERJ 190–300 Series Airplanes; 

Electrical/Electronic Equipment Bay 

Fire Detection and Smoke Penetration 

AGENCY: Federal Aviation 

Administration (FAA), DOT. 

ACTION: Final special conditions; request 

for comments. 

SUMMARY: These special conditions are 

issued for the Embraer S.A. Model ERJ 

190–300 series airplanes. These 

airplanes will have novel or unusual 

design features when compared to the 


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