Federal Register / Vol. 62, No. 146 / Wednesday, July 30, 1997 / Proposed Rules 40779

Secrecy Act regulations for money

services businesses published on May

21, 1997. These meetings, which along

with two earlier meetings, were first

announced in the Federal Register on

July 8, 1997, will specifically deal with

stored value products and with issuers,

sellers, and redeemers of money orders

or traveler’s checks, respectively. The

date of the last of these meetings has

been changed, from August 11, 1997 to

August 15, 1997.

DATES: 1. Stored value products—

August 1, 1997, 9:30 a.m. to 3:00 p.m.,

San Jose, California.

2. Issuers, sellers, and redeemers of

money orders or traveler’s checks—

August 15, 1997, 9:30 a.m. to 3:00 p.m.,

Chicago, Illinois.

ADDRESSES: 1. Stored value products—

The Fairmont Hotel, Regency Ballroom

I, 170 South Market Street, San Jose,

California 95113.

2. Issuers, sellers, and redeemers of

money orders or traveler’s checks—

Chicago Marriott Downtown Hotel,

(room to be determined), 540 North

Michigan Avenue, Chicago, Illinois

60611.

FOR FURTHER INFORMATION CONTACT:

Legal or Technical: Eileen Dolan,

Legal Assistant, Office of Legal Counsel,

FinCEN, at (703) 905–3590 or Charles

Klingman, Financial Institutions Policy

Specialist, FinCEN, at (703) 905–3602.

Attendance: Camille Steele, at (703)

905–3819, or Karen Robb, at (703) 905–

3770.

General: FinCEN’s Information

telephone line, at (703) 905–3848, or

www.ustreas.gov/treasury/bureaus/

fincen (‘‘What’s New’’ section).

SUPPLEMENTARY INFORMATION: On May

21, 1997, FinCEN issued three proposed

regulations relating to the treatment of

money services businesses under the

Bank Secrecy Act. The first proposed

regulation (62 FR 27890) would define

money services businesses and require

the businesses to register with the

Department of the Treasury and to

maintain a current list of their agents.

The second proposed regulation (62 FR

27900) would require money

transmitters, and issuers, sellers, and

redeemers, of money orders and

traveler’s checks, to report suspicious

transactions involving at least $500 in

funds or other assets. The third

proposed regulation (62 FR 27909)

would require money transmitters and

their agents to report and retain records

of transactions in currency or monetary

instruments of at least $750 in

connection with the transmission or

other transfer of funds to any person

outside the United States, and to verify

the identity of senders of such

transmissions or transfers.

On July 8, 1997 (62 FR 36475),

FinCEN announced that it would hold

four working meetings to give interested

persons the opportunity to discuss with

FinCEN officials issues arising under

the proposed regulations. At that time,

only the specific time and address of the

first meeting, scheduled for July 22,

1997, dealing specifically with the

definition and registration of money

services businesses, had been

determined. FinCEN announced the

second meeting’s time and address on

July 18, 1997 (62 FR 38511).

FinCEN is announcing today the

times and addresses of the third and

fourth meetings. The third meeting is

being held August 1, 1997, to discuss

issues arising under the proposed

regulations as they relate to stored value

products. The fourth meeting, which

was originally planned for August 11,

1997, will now be held August 15, 1997.

That meeting is being held to discuss

issues arising under the regulations as

they relate to issuers, sellers, and

redeemers of money orders or traveler’s

checks.

These meetings are not intended as a

substitute for FinCEN’s request for

written comments in the notice of

proposed rulemaking published May 21,

1997. Rather, the meetings are intended

to help make the comment process as

productive as possible by providing a

forum between the industry and FinCEN

concerning the issues arising under the

proposed regulations. The meetings will

be open to the public and will be

recorded. A transcript of the meetings

will be available for public inspection

and copying; prepared statements will

be accepted for inclusion in the record.

Accordingly, oral or written material not

intended to be disclosed to the public

should not be raised at the meetings.

In the interest of providing as broad

and convenient an opportunity as

possible for persons to discuss these

regulatory measures, FinCEN will

provide time (at approximately

midafternoon) during these meetings to

discuss issues relating to any of the

three proposed regulations published

May 21, 1997. Thus, persons wishing to

discuss aspects of the regulations other

than those for which a particular

meeting is called should feel free to

participate in one or more of the

meetings.

Persons wishing to attend or to

participate in either of these meetings

should inform either Camille Steele or

Karen Robb as listed under the FOR

FURTHER INFORMATION CONTACT section.

Dated: July 24, 1997.

Eileen P. Dolan,

Federal Register Liaison Officer, Financial

Crimes Enforcement Network.

[FR Doc. 97–19985 Filed 7–29–97; 8:45 am]

BILLING CODE 4820–03–P

DEPARTMENT OF THE TREASURY

31 CFR Part 103

RIN 1506–AA09, 1506–AA20, 1506–AA19

Financial Crimes Enforcement

Network; Bank Secrecy Act

Regulations; Money Services

Businesses—Definition and

Registration; Suspicious Transaction

Reporting; Special Currency

Transaction Reporting

AGENCY: Financial Crimes Enforcement

Network, Treasury.

ACTION: Proposed regulations; extension

of comment period.

SUMMARY: The Financial Crimes

Enforcement Network (‘‘FinCEN’’) is

extending the comment period for the

three proposed Bank Secrecy Act

regulations for money services

businesses published on May 21, 1997.

FinCEN previously announced that four

open working meetings on these

proposals are being held. It has also

distributed copies of a report on money

services businesses prepared for it by

Coopers & Lybrand (and referred to in

the documents containing the proposed

regulations), and draft copies of the

forms that will be used to implement

the proposed regulations. FinCEN is

extending the comment period, in light

of the scheduling of the opening

meetings and distribution of the

relevant additional materials, to ensure

that all parties interested in the

proposed regulations are given adequate

time to submit their written comments.

DATES: Written comments on all aspects

of the proposals are welcome and must

be received on or before September 30,

1997.

ADDRESSES: Written comments should

be submitted to: Office of Legal Counsel,

Financial Crimes Enforcement Network,

Department of the Treasury, 2070 Chain

Bridge Road, Vienna, VA 22182,

Attention: (as applicable) NPRM—MSB

Registration, NPRM—Suspicious

Transaction Reporting—Money Services

Businesses, NPRM—Money

Transmitters—Special CTR Rule.

Comments also may be submitted by

electronic mail to the following Internet

address:

‘‘regcomments@fincen.treas.gov’’ with

the appropriate attention line in the

body of the text.
40780 Federal Register / Vol. 62, No. 146 / Wednesday, July 30, 1997 / Proposed Rules

FOR FURTHER INFORMATION CONTACT:

Peter Djinis, Associate Director, and

Charles Klingman, Financial Institutions

Policy Specialist, FinCEN, at (703) 905–

3920; Stephen R. Kroll, Legal Counsel,

Joseph M. Myers, Deputy Legal Counsel,

Cynthia L. Clark, on detail to the Office

of Legal Counsel, Albert R. Zarate,

Attorney-Advisor, and Eileen P. Dolan,

Legal Assistant, Office of Legal Counsel,

FinCEN, at (703) 905–3590.

SUPPLEMENTARY INFORMATION: On May

21, 1997, FinCEN issued three proposed

regulations relating to the treatment of

money services businesses under the

Bank Secrecy Act. The first proposed

regulation (62 FR 27890) would define

money services businesses and require

the businesses to register with the

Department of the Treasury and to

maintain a current list of their agents.

The second proposed regulation (62 FR

27900) would require money

transmitters, and issuers, sellers, and

redeemers, of money orders and

traveler’s checks, to report suspicious

transactions involving at least $500 in

funds or other assets. The third

proposed regulation (62 FR 27909)

would require money transmitters and

their agents to report and retain records

of transactions in currency or monetary

instruments of at least $750 in

connection with the transmission or

other transfer of funds to any person

outside the United States, and to verify

the identity of senders of such

transmissions or transfers.

FinCEN is announcing today the

extension of the comment period, from

August 19, 1997 to September 30, 1997,

for all three of these proposed

regulations. FinCEN wishes to give all

persons interested in commenting on

the regulations adequate time to do so.

On July 8, 1997 (62 FR 36475), July

18, 1997 (62 FR 38511), and elsewhere

in today’s Federal Register, FinCEN

announced that it would hold four open

working meetings to give interested

persons the opportunity to discuss with

FinCEN officials issues arising under

the proposed regulations. The last of

these meetings is scheduled for August

15, 1997, four days before the original

date of the expiration of the comment

period.

In addition, FinCEN has distributed,

and will soon make available on its

website, (i) copies of a report on money

services businesses prepared for it by

Coopers & Lybrand (and referred to in

the documents containing the proposed

regulations), and (ii) draft copies of the

forms that will be used to implement

the proposed regulations. The address of

FinCEN’s website is ‘‘http://

www.ustreas.gov/treasury/ bureaus/

fincen’’.

FinCEN believes that the extension

will, inter alia, provide adequate time

for the results of the open meetings and

review of the additional relevant

material that it is distributing, to be

reflected in the written comments on

the three proposed regulations.

Dated: July 24, 1997.

Eileen P. Dolan,

Federal Register Liaison Officer, Financial

Crimes Enforcement Network.

[FR Doc. 97–19986 Filed 7–29–97; 8:45 am]

BILLING CODE 4820–03–P

LIBRARY OF CONGRESS

Copyright Office

37 CFR Part 201

[Docket No. 97–5]

Copyright Restoration of Works in

Accordance With the Uruguay Round

Agreements Act; Corrections

Procedure

AGENCY: Copyright Office, Library of

Congress.

ACTION: Proposed rule.

SUMMARY: This document is issued to

advise the public that the Copyright

Office is proposing a new regulation to

govern the filing of Correction Notices

of Intent to Enforce a Restored

Copyright [Correction NIEs] under

section 104A of the copyright law, as

amended pursuant to the Uruguay

Round Agreements Act. The effect of the

proposed regulation is to establish

procedures for the correction of errors in

previously filed Notices of Intent to

Enforce a Restored Copyright and to

provide a suggested format for

submitting such information.

DATES: Comments must be received by

August 29, 1997.

ADDRESS: If delivered by hand, an

original and ten (10) copies of

comments should be delivered to:

Library of Congress, Office of the

General Counsel, Copyright Office,

James Madison Memorial Building,

Room LM–403, First and Independence

Avenue, SE, Washington, DC 20540. If

sent by mail, an original and ten (10)

copies of comments should be

addressed to: Nanette Petruzzelli,

Acting General Counsel, Copyright GC/

I&R, PO Box 70400, Southwest Station,

Washington, DC 20024.

FOR FURTHER INFORMATION CONTACT:

Nanette Petruzzelli, Acting General

Counsel, or Charlotte Douglass,

Principal Legal Advisor to the General

Counsel, Copyright GC/I&R, PO Box

70400, Southwest Station, Washington,

DC 20024. Telephone: (202) 707–8380.

Telefax: (202) 707–8366.

SUPPLEMENTARY INFORMATION:

I. Background

The Copyright Office has promulgated

final regulations that provide for filing

Notices of Intent to Enforce a Restored

Copyright (NIEs) with the Office. 60 FR

50414 (Sept. 29, 1995). These

regulations include brief procedures for

correcting errors made in recorded NIEs;

however, more detailed instructions for

correcting NIEs have been requested.

The Office is now proposing more

detailed procedures.

Corrections are provided for by law

and by Copyright Office regulation. The

Uruguay Round Agreements Act

(URAA) states that:

Minor errors or omissions may be corrected

by further notice at any time after the notice

of intent is filed. Notices of corrections for

such minor errors or omissions shall be

accepted after the period established in

subsection (d)(2)(A)(i) * * * [and] shall be

published in the Federal Register * * * .

17 U.S.C. 104A(e)(1)(A)(iii). In its Sept.

29, 1995, regulation, the Copyright

Office referenced this provision in the

law that allows correction of minor

errors:

The URAA allows a party who has filed an

NIE with the Copyright Office to correct

minor errors or omissions by further notice

at any time after the NIE is filed. The

procedures and fees are the same for filing an

NIE which corrects a previously filed NIE,

except that the party making the correction

should refer to the previous NIE’s volume

and page number in the Copyright Office

Documents Records, if known, on the

corrected NIE.

60 FR 50414 (1995).

II. Procedures for Correcting Notices of

Intent To Enforce

A. Who May File a Correction Notice of

Intent To Enforce (Correction NIE)

Correction NIEs may be filed by or on

behalf of the same copyright owner or

rightholder who filed the original NIE.

The ‘‘same copyright owner’’ includes

successors in interest.

A certification by a third party is not

sufficient to authorize a correction of an

earlier NIE recorded in the name of

another party/copyright owner, unless

that third party is also the authorized

agent of the copyright owner in whose

name the original NIE was recorded. An

authorized agent may file a Correction

NIE whether or not that agent filed the

original NIE.