Federal Register / Vol. 88, No. 246 / Tuesday, December 26, 2023 / Notices 89027 

would expose the institution to openended liability. After-the-fact written 

notice must be filed within 30 days of 

becoming a member of a payment 

system that does not expose the 

institution to open-ended liabilities 

with certain representations. Both 

notices must include safety and 

soundness representations. 12 CFR 

7.1026. 

• Derivatives activities—Thirty (30) 

days prior written notice is required 

before engaging in certain derivatives 

hedging activities, expanding the bank’s 

derivatives hedging activities to include 

a new category of underlying for 

derivatives transactions, engaging in 

certain customer-driven financial 

intermediation derivatives activities, 

and expanding the bank’s customerdriven financial intermediation 

derivatives activities to include a new 

category of underlyings specified in the 

regulation. 12 CFR 7.1030. 

• Corporate governance procedures— 

Other sources of guidance—A national 

bank shall designate in its bylaws the 

body of law selected for its corporate 

governance procedures. 12 CFR 

7.2000(b). 

• State corporate governance— 

Requests for OCC’s staff position on 

ability of a national bank to engage in 

a particular State corporate governance 

procedure must include name, citations, 

discussion of similarly situated State 

banks, identification of Federal banking 

statutes and regulations, and analysis of 

consistency with statutes, regulations, 

and safety and soundness. 12 CFR 

7.2000(d). 

• Honorary directors or advisory 

boards—Any listing of a national bank’s 

honorary or advisory directors must 

distinguish between those directors and 

the bank’s board of directors or indicate 

their advisory status. 12 CFR 7.2004. 

• Indemnification of institutionaffiliated parties—written agreement 

required for advancement—A written 

agreement that an IAP will reimburse 

the institution for any portion of nonreimbursed indemnification that the IAP 

is found not entitled to before advancing 

funds to an IAP. 12 CFR 7.2014(c). 

• Issuing stock in certificate form— 

National banks must include certain 

information, signatures, and seal when 

issuing stock in certificate form. 12 CFR 

7.2016. 

• Staggered terms for national bank 

directors—Any national bank may adopt 

bylaws that provide for staggering the 

terms of its directors. National banks 

must provide the OCC with copies of 

any bylaws so amended. 12 CFR 

7.2024(a). 

• Size of bank board—A national 

bank seeking to increase the number of 

its directors must notify the OCC any 

time the proposed size would exceed 25 

directors. 12 CFR 7.2024(c). 

Estimated Number of Respondents: 

1,727. 

Estimated Total Annual Burden: 

1,138 hours. 

Comments submitted in response to 

this notice will be summarized and 

included in the request for OMB 

approval. All comments will become a 

matter of public record. Comments are 

invited on: 

(a) Whether the collection of 

information is necessary for the proper 

performance of the functions of the 

OCC, including whether the information 

has practical utility; 

(b) The accuracy of the OCC’s 

estimate of the burden of the collection 

of information; 

(c) Ways to enhance the quality, 

utility, and clarity of the information to 

be collected; 

(d) Ways to minimize the burden of 

the collection on respondents, including 

through the use of automated collection 

techniques or other forms of information 

technology; and 

(e) Estimates of capital or start-up 

costs and costs of operation, 

maintenance, and purchase of services 

to provide information. 

Patrick T. Tierney, 

Assistant Director, Bank Advisory, Office of 

the Comptroller of the Currency. 

[FR Doc. 2023–28374 Filed 12–22–23; 8:45 am] 

BILLING CODE 4810–33–P 

DEPARTMENT OF THE TREASURY 

Office of Foreign Assets Control 

Notice of OFAC Sanctions Action 

AGENCY: Office of Foreign Assets 

Control, Treasury. 

ACTION: Notice. 

SUMMARY: The U.S. Department of the 

Treasury’s Office of Foreign Assets 

Control (OFAC) is publishing the names 

of persons and a vessel that have been 

placed on OFAC’s Specially Designated 

Nationals and Blocked Persons List 

(SDN List) based on OFAC’s 

determination that one or more 

applicable legal criteria were satisfied. 

All property and interests in property 

subject to U.S. jurisdiction of these 

persons and a vessel are blocked, and 

U.S. persons are generally prohibited 

from engaging in transactions with 

them. 

DATES: See SUPPLEMENTARY INFORMATION

section for effective date(s). 

FOR FURTHER INFORMATION CONTACT: 

OFAC: Bradley T. Smith, Director, tel.: 

202–622–2490; Associate Director for 

Global Targeting, tel.: 202–622–2420; 

Assistant Director for Licensing, tel.: 

202–622–2480; Assistant Director for 

Regulatory Affairs, tel.: 202–622–4855; 

or the Assistant Director for Sanctions 

Compliance & Evaluation, tel.: 202–622– 

2490. 

SUPPLEMENTARY INFORMATION: 

Electronic Availability 

The Specially Designated Nationals 

and Blocked Persons List and additional 

information concerning OFAC sanctions 

programs are available on OFAC’s 

website (https://www.treasury.gov/ofac). 

Notice of OFAC Action(s) 

On December 20, 2023, OFAC 

determined that the property and 

interests in property subject to U.S. 

jurisdiction of the following persons are 

blocked under the relevant sanctions 

authority listed below. 

Entities 

1. BELLATRIX ENERGY LIMITED, 

Unit 601, 6/F of Mill 5 of the Mills, 45 

Pak Tin Par Street, Hong Kong, China; 

Organization Established Date 09 Dec 

2020; Registration Number 3000934 

(Hong Kong) [RUSSIA–EO14024]. 

Designated pursuant to section 1(a)(i) 

of Executive Order 14024 of April 15, 

2021, ‘‘Blocking Property With Respect 

To Specified Harmful Foreign Activities 

of the Government of the Russian 

Federation,’’ 86 FR 20249, 3 CFR, 2021 

Comp., p. 542 (Apr. 15, 2021) (E.O. 

14024) for operating or having operated 

in the marine sector of the Russian 

Federation economy. 

2. COVART ENERGY LIMITED, 5/F, 

Lee Garden Three, 1 Sunning Road, 

Causeway Bay, Hong Kong, China; Ofis 

417, Ul. Maksima Gorkogo 276, Rostovna-Donu 344019, Russia; Organization 

Established Date 08 Nov 2019; 

Identification Number IMO 6357849; 

Registration Number 2890985 (Hong 

Kong) [RUSSIA–EO14024]. 

Designated pursuant to section 1(a)(i) 

of E.O. 14024 for operating or having 

operated in the marine sector of the 

Russian Federation economy. 

3. SUN SHIP MANAGEMENT D LTD 

(a.k.a. SCF MANAGEMENT SERVICES 

DUBAI LTD), PO Box 507065, Unit OT 

17–32, Central Park Towers, Office 

Tower, Dubai, United Arab Emirates; 

Organization Established Date 02 Aug 

2012; UAE Identification 1244 (United 

Arab Emirates); Registration Number 

11440513 (United Arab Emirates) 

[RUSSIA–EO14024]. 

Designated pursuant to section 

1(a)(vii) of Executive Order 14024 for 

being owned or controlled by, or having 

acted or purported to act for or on behalf 


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89028 Federal Register / Vol. 88, No. 246 / Tuesday, December 26, 2023 / Notices 

of, directly or indirectly, the 

Government of the Russian Federation. 

4. VOLITON DMCC (a.k.a. PETROKIM 

TRADING MIDDLE EAST AND ASIA 

DMCC), Unit No: R29–33, Reef Tower, 

Plot No: JLT–PH2–O1A, Jumeirah Lakes 

Towers, Dubai, United Arab Emirates; 

Organization Established Date 22 May 

2018; License DMCC–476388 (United 

Arab Emirates); Registration Number 

124420 (United Arab Emirates) 

[RUSSIA–EO14024]. 

Designated pursuant to section 1(a)(i) 

of E.O. 14024 for operating or having 

operated in the marine sector of the 

Russian Federation economy. 

On December 20, 2023, OFAC also 

identified the following vessel as 

property in which a blocked person has 

an interest, under the relevant sanctions 

authority listed below: 

Vessels 

1. SANAR 15 (UALW) Oil Products 

Tanker Russia flag; Vessel Registration 

Identification IMO 9777670; MMSI 

273375360 (vessel) [RUSSIA–EO14024] 

(Linked To: COVART ENERGY 

LIMITED). 

Identified as property in which Covart 

Energy Limited, a person whose 

property and interests in property are 

blocked pursuant to E.O. 14024, has an 

interest. 

Dated: December 20, 2023. 

Bradley T. Smith, 

Director, Office of Foreign Assets Control, 

U.S. Department of the Treasury. 

[FR Doc. 2023–28426 Filed 12–22–23; 8:45 am] 

BILLING CODE 4810–AL–P 

DEPARTMENT OF THE TREASURY 

Office of Foreign Assets Control 

Notice of OFAC Sanctions Actions 

AGENCY: Office of Foreign Assets 

Control, Treasury. 

ACTION: Notice. 

SUMMARY: The U.S. Department of the 

Treasury’s Office of Foreign Assets 

Control (OFAC) is publishing the names 

of one or more persons that have been 

placed on OFAC’s Specially Designated 

Nationals and Blocked Persons List 

(SDN List) based on OFAC’s 

determination that one or more 

applicable legal criteria were satisfied. 

All property and interests in property 

subject to U.S. jurisdiction of these 

persons are blocked, and U.S. persons 

are generally prohibited from engaging 

in transactions with them. OFAC is also 

publishing updates to the identifying 

information of seven persons currently 

included on the SDN List. 

DATES: See Supplementary Information 

section for effective date(s). 

FOR FURTHER INFORMATION CONTACT: 

OFAC: Bradley T. Smith, Director, tel.: 

202–622–2490; Associate Director for 

Global Targeting, tel.: 202–622–2420; 

Assistant Director for Licensing, tel.: 

202–622–2480; Assistant Director for 

Regulatory Affairs, tel.: 202–622–4855; 

or the Assistant Director for Sanctions 

Compliance & Evaluation, tel.: 202–622– 

2490. 

SUPPLEMENTARY INFORMATION: 

Electronic Availability 

The SDN List and additional 

information concerning OFAC sanctions 

programs are available on OFAC’s 

website (https://www.treasury.gov/ofac). 

Notice of OFAC Action(s) 

A. On November 2, 2023, OFAC 

determined that the property and 

interests in property subject to U.S. 

jurisdiction of the following persons are 

blocked under the relevant sanctions 

authority listed below. 


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