This section of the FEDERAL REGISTER

contains regulatory documents having general

applicability and legal effect, most of which

are keyed to and codified in the Code of

Federal Regulations, which is published under

50 titles pursuant to 44 U.S.C. 1510.

The Code of Federal Regulations is sold by

the Superintendent of Documents. Prices of

new books are listed in the first FEDERAL

REGISTER issue of each week.

Rules and Regulations Federal Register

65655 

Vol. 72, No. 225 

Friday, November 23, 2007 

FARM CREDIT ADMINISTRATION 

12 CFR Part 627 

RIN 3052–AC38 

Title IV Conservators, Receivers, and 

Voluntary Liquidations; Priority of 

Claims—Subordinated Debt; Effective 

Date 

AGENCY: Farm Credit Administration. 

ACTION: Notice of effective date. 

SUMMARY: The Farm Credit 

Administration (FCA or Agency), 

through the FCA Board (Board), issued 

a direct final rule with opportunity for 

comment under part 627 on September 

26, 2007 (72 FR 54525) amending the 

priority of claims regulations to provide 

that, when assets of a Farm Credit 

System institution in liquidation are 

distributed, the claims of holders of 

subordinated debt will be paid after all 

general creditor claims. The opportunity 

for comment expired on October 26, 

2007. The FCA received no comments 

and therefore, the direct final rule 

becomes effective without change. In 

accordance with 12 U.S.C. 2252, the 

effective date of the final rule is 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 November 16, 2007. 

DATES: Effective Date: The regulation 

amending 12 CFR part 627 published on 

September 26, 2007 (72 FR 54525) is 

effective November 16, 2007. 

FOR FURTHER INFORMATION CONTACT: 

Christopher D. Wilson, Policy Analyst, 

Office of Regulatory Policy, Farm 

Credit Administration, McLean, 

Virginia 22102–5090, (703) 883–4498, 

TTY (703) 883–4434, or 

Rebecca S. Orlich, Senior Counsel, 

Office of General Counsel, Farm 

Credit Administration, McLean, 

Virginia 22102–5090, (703) 883–4020, 

TTY (703) 883–4020. 

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

Dated: November 16, 2007. 

James M. Morris, 

Acting Secretary, Farm Credit Administration 

Board. 

[FR Doc. E7–22805 Filed 11–21–07; 8:45 am] 

BILLING CODE 6705–01–P 

FARM CREDIT ADMINISTRATION 

12 CFR Part 627 

RIN 3052–AC16 

Title IV Conservators, Receivers, and 

Voluntary Liquidations; Priority of 

Claims—Joint and Several Liability; 

Effective Date 

AGENCY: Farm Credit Administration. 

ACTION: Notice of effective date. 

SUMMARY: The Farm Credit 

Administration (FCA) published a final 

rule under part 627 on September 26, 

2007 (72 FR 54527). This final rule 

amends our priority of claims 

regulations to provide priority of claims 

rights to Farm Credit System (System) 

banks if they make payments under a 

reallocation agreement to holders of 

consolidated and System-wide 

obligations on behalf of a defaulting 

System bank. In accordance with 12 

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

final rule is 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 

November 16, 2007. 

DATES: Effective Date: The regulation 

amending 12 CFR part 627 published on 

September 26, 2007 (72 FR 54527) is 

effective November 16, 2007. 

FOR FURTHER INFORMATION CONTACT: 

Christopher D. Wilson, Policy Analyst, 

Office of Regulatory Policy, Farm 

Credit Administration, McLean, VA 

22102–5090, (703) 883–4414, TTY 

(703) 883–4434; or 

Rebecca S. Orlich, Senior Counsel, 

Office of General Counsel, Farm 

Credit Administration, McLean, VA 

22102–5090, (703) 883–4020, TTY 

(703) 883–4020. 

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

Dated: November 16, 2007. 

James M. Morris, 

Acting Secretary, Farm Credit Administration 

Board. 

[FR Doc. E7–22806 Filed 11–21–07; 8:45 am] 

BILLING CODE 6705–01–P 

DEPARTMENT OF TRANSPORTATION 

Federal Aviation Administration 

14 CFR Part 39 

[Docket No. FAA–2007–0194; Directorate 

Identifier 2007–NM–306–AD; Amendment 

39–15266; AD 2007–23–18] 

RIN 2120–AA64 

Airworthiness Directives; Boeing 

Model 747–100B SUD, 747–200B, 747– 

300, 747–400, and 747–400D Series 

Airplanes 

AGENCY: Federal Aviation 

Administration (FAA), Department of 

Transportation (DOT). 

ACTION: Final rule; request for 

comments. 

SUMMARY: The FAA is superseding an 

existing airworthiness directive (AD) 

that applies to all Boeing Model 747– 

100B SUD, 747–300, 747–400, and 747– 

400D series airplanes; and Model 747– 

200B series airplanes having a stretched 

upper deck. The existing AD currently 

requires repetitively inspecting for 

cracking or discrepancies of the 

fasteners in the tension ties, shear webs, 

and frames at body stations 1120 

through 1220, and performing related 

investigative and corrective actions if 

necessary. This new AD reduces the 

repetitive interval for certain 

inspections. This AD results from new 

reports of multiple severed adjacent 

tension ties, in addition to the previous 

reports of cracked and severed tension 

ties, broken fasteners, and cracks in the 

frame, shear web, and shear ties 

adjacent to tension ties for the upper 

deck. We are issuing this AD to detect 

and correct cracking of the tension ties, 

shear webs, and frames of the upper 

deck, which could result in rapid 

decompression and reduced structural 

integrity of the airplane. 

DATES: This AD becomes effective 

November 28, 2007. 

On April 26, 2006 (71 FR 14367, 

March 22, 2006), the Director of the 

Federal Register approved the 


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65656 Federal Register / Vol. 72, No. 225 / Friday, November 23, 2007 / Rules and Regulations 

incorporation by reference of Boeing 

Alert Service Bulletin 747–53A2507, 

dated April 21, 2005. 

We must receive any comments on 

this AD by January 22, 2008. 

ADDRESSES: You may send comments by 

any of the following methods: 

• Federal eRulemaking Portal: Go to 

http://www.regulations.gov. Follow the 

instructions for submitting comments. 

• Fax: 202–493–2251. 

• Mail: U.S. Department of 

Transportation, Docket Operations, 

M–30, West Building Ground Floor, 

Room W12140, 1200 New Jersey 

Avenue, SE., Washington, DC 20590. 

• Hand Delivery: U.S. Department of 

Transportation, Docket Operations, 

M–30, West Building Ground Floor, 

Room W12–140, 1200 New Jersey 

Avenue, SE., Washington, DC 20590, 

between 9 a.m. and 5 p.m., Monday 

through Friday, except Federal holidays. 

For service information identified in 

this AD, contact Boeing Commercial 

Airplanes, P.O. Box 3707, Seattle, 

Washington 98124–2207. 

Examining the AD Docket 

You may examine the AD docket on 

the Internet at http:// 

www.regulations.gov; or in person at the 

Docket Management Facility between 9 

a.m. and 5 p.m., Monday through 

Friday, except Federal holidays. The AD 

docket contains this AD, the regulatory 

evaluation, any comments received, and 

other information. The street address for 

the Docket Office (telephone 800–647–

5527) is in the ADDRESSES section. 

Comments will be available in the AD 

docket shortly after receipt. 

FOR FURTHER INFORMATION CONTACT: Ivan 

Li, Aerospace Engineer, Airframe 

Branch, ANM–120S, FAA, Seattle 

Aircraft Certification Office, 1601 Lind 

Avenue, SW., Renton, Washington 

98057–3356; telephone (425) 917–6437; 

fax (425) 917–6590. 

SUPPLEMENTARY INFORMATION: 

Discussion 

On March 9, 2006, we issued AD 

2006–06–11, amendment 39–14520 (71 

FR 14367, March 22, 2006). That AD 

applies to all Boeing Model 747–100B 

SUD, 747–300, 747–400, and 747–400D 

series airplanes; and Model 747–200B 

series airplanes having a stretched 

upper deck. That AD requires 

repetitively inspecting for cracking or 

discrepancies of the fasteners in the 

tension ties, shear webs, and frames at 

body stations 1120 through 1220, and 

performing related investigative and 

corrective actions if necessary. That AD 

resulted from reports of severed tension 

ties, as well as numerous reports of 

cracked tension ties, broken fasteners, 

and cracks in the frame, shear web, and 

shear ties adjacent to tension ties for the 

upper deck. The actions specified in 

that AD are intended to detect and 

correct cracking of the tension ties, 

shear webs, and frames of the upper 

deck, which could result in rapid 

decompression of the airplane. 

Actions Since AD Was Issued 

Since we issued that AD, two 

operators reported that, during a recent 

inspection of the tension ties, multiple 

adjacent tension ties were found 

severed. One operator reported three 

adjacent tension ties severed on a Model 

747–300 series airplane with about 

18,400 total flight cycles. The other 

operator reported two adjacent tension 

ties severed on another Model 747–300 

series airplane with about 14,000 total 

flight cycles. Because of the high 

number of severed adjacent tension ties 

on these two airplanes, we have 

concluded that the repetitive interval for 

the Stage 1 inspection (repetitive 

detailed inspections for cracking of the 

tension ties and adjacent structure at 

body station (BS) 1120 through BS 

1220), as required by AD 2006–06–11, 

does not adequately ensure the safety of 

the fleet. Therefore, we find it necessary 

to reduce the repetitive interval of the 

Stage 1 inspection. The Stage 2 

inspection threshold and intervals are 

unchanged. 

FAA’s Determination and Requirements 

of This AD 

The unsafe condition described 

previously is likely to exist or develop 

on other airplanes of the same type 

design. For this reason, we are issuing 

this AD to supersede AD 2006–06–11. 

This new AD retains the requirements of 

the existing AD, but reduces the 

repetitive interval for the Stage 1 

inspection. This new AD also requires 

sending the inspection results to Boeing. 

Difference Between the AD and the 

Service Bulletin 

To address the recent new inspection 

findings, this AD reduces the repetitive 

interval provided in Boeing Alert 

Service Bulletin 747–53A2507, dated 

April 21, 2005 (cited in the existing AD 

and this superseding AD as the 

appropriate source of service 

information for the inspections), for the 

Stage 1 inspection. Boeing concurs with 

this change. 

Interim Action 

Because the extent of cracking in the 

fleet is not known, the required 

inspection reports will help determine 

the damage condition of the fleet. Based 

on the results of these reports, we may 

determine that further corrective action 

is warranted. 

FAA’s Determination of the Effective 

Date 

An unsafe condition exists that 

requires the immediate adoption of this 

AD; therefore, providing notice and 

opportunity for public comment before 

the AD is issued is impracticable, and 

good cause exists to make this AD 

effective in less than 30 days. 

Comments Invited 

This AD is a final rule that involves 

requirements affecting flight safety, and 

we did not provide you with notice and 

an opportunity to provide your 

comments before it becomes effective. 

However, we invite you to send any 

written data, views, or arguments about 

this AD. Send your comments to an 

address listed under the ADDRESSES

section. Include ‘‘Docket No. FAA–

2007–0194; Directorate Identifier 2007–

NM–306–AD’’ at the beginning of your 

comments. We specifically invite 

comments on the overall regulatory, 

economic, environmental, and energy 

aspects of this AD. We will consider all 

comments received by the closing date 

and may amend this AD because of 

those comments. 

We will post all comments we 

receive, without change, to http:// 

www.regulations.gov, including any 

personal information you provide. We 

will also post a report summarizing each 

substantive verbal contact we receive 

about this AD. 

Authority for This Rulemaking 

Title 49 of the United States Code 

specifies the FAA’s authority to issue 

rules on aviation safety. Subtitle I, 

Section 106, describes the authority of 

the FAA Administrator. Subtitle VII, 

Aviation Programs, describes in more 

detail the scope of the Agency’s 

authority. We are issuing this 

rulemaking under the authority 

described in Subtitle VII, Part A, 

Subpart III, Section 44701, ‘‘General 

requirements.’’ Under that section, 

Congress charges the FAA with 

promoting safe flight of civil aircraft in 

air commerce by prescribing regulations 

for practices, methods, and procedures 

the Administrator finds necessary for 

safety in air commerce. This regulation 

is within the scope of that authority 

because it addresses an unsafe condition 

that is likely to exist or develop on 

products identified in this rulemaking 

action. 


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Federal Register / Vol. 72, No. 225 / Friday, November 23, 2007 / Rules and Regulations 65657 

Regulatory Findings 

We have determined that this AD will 

not have federalism implications under 

Executive Order 13132. This AD will 

not have a substantial direct effect on 

the States, on the relationship between 

the national government and the States, 

or on the distribution of power and 

responsibilities among the various 

levels of government. 

For the reasons discussed above, I 

certify that the regulation: 

1. Is not a ‘‘significant regulatory 

action’’ under Executive Order 12866; 

2. Is not a ‘‘significant rule’’ under the 

DOT Regulatory Policies and Procedures 

(44 FR 11034, February 26, 1979); and 

3. Will not have a significant 

economic impact, positive or negative, 

on a substantial number of small entities 

under the criteria of the Regulatory 

Flexibility Act. 

We prepared a regulatory evaluation 

of the estimated costs to comply with 

this AD and placed it in the AD docket. 

See the ADDRESSES section for a location 

to examine the regulatory evaluation. 

List of Subjects in 14 CFR Part 39 

Air transportation, Aircraft, Aviation 

safety, Incorporation by reference, 

Safety. 

Adoption of the Amendment 

■ Accordingly, under the authority 

delegated to me by the Administrator, 

the FAA amends part 39 of the Federal 

Aviation Regulations (14 CFR part 39) as 

follows: 

PART 39—AIRWORTHINESS 

DIRECTIVES 

■ 1. The authority citation for part 39 

continues to read as follows: 

Authority: 49 U.S.C. 106(g), 40113, 44701. 

§ 39.13 [Amended] 

■ 2. The Federal Aviation 

Administration (FAA) amends § 39.13 

by removing amendment 39–14520 (71 

FR 14367, March 22, 2006) and adding 

the following new airworthiness 

directive (AD): 

2007–23–18 Boeing: Docket No. FAA–2007–

0194; Directorate Identifier 2007–NM–

306–AD; Amendment 39–15266. 

Effective Date 

(a) This AD becomes effective November 

28, 2007. 

Affected ADs 

(b) This AD affects the following ADs: 

(1) This AD supersedes AD 2006–06–11. 

(2) As of the effective date of this AD, for 

the areas inspected in accordance with this 

AD, accomplishment of the requirements of 

paragraph (f) or (i) of this AD terminates the 

corresponding inspection requirements for 

the upper deck tension ties as required by 

paragraphs (c) and (d) of AD 2004–07–22, 

amendment 39–13566, as those paragraphs 

apply to inspections of structural significant 

item (SSI) F–19A, as identified in Boeing 

Document No. D6–35022, ‘‘Supplemental 

Structural Inspection Document,’’ Revision 

G, dated December 2000. All other 

requirements of AD 2004–07–22 continue to 

apply. 

Applicability 

(c) This AD applies to all Boeing Model 

747–100B SUD, 747–300, 747–400, and 747–

400D series airplanes; and Model 747–200B 

series airplanes having a stretched upper 

deck; certificated in any category. 

Unsafe Condition 

(d) This AD results from new reports of 

multiple severed adjacent tension ties, in 

addition to the previous reports of cracked 

and severed tension ties, broken fasteners, 

and cracks in the frame, shear web, and shear 

ties adjacent to tension ties for the upper 

deck. We are issuing this AD to detect and 

correct cracking of the tension ties, shear 

webs, and frames of the upper deck, which 

could result in rapid decompression and 

reduced structural integrity of the airplane. 

Compliance 

(e) You are responsible for having the 

actions required by this AD performed within 

the compliance times specified, unless the 

actions have already been done. 

Repetitive Stage 1 Inspections 

(f) Do detailed inspections for cracking or 

discrepancies of the fasteners in the tension 

ties, shear webs, and frames at body stations 

1120 through 1220, and related investigative 

and corrective actions as applicable, by doing 

all actions specified in and in accordance 

with ‘‘Stage 1 Inspection’’ of the 

Accomplishment Instructions of Boeing Alert 

Service Bulletin 747–53A2507, dated April 

21, 2005, except as provided by paragraph (j) 

of this AD. Do the Stage 1 inspections at the 

applicable times specified in paragraphs (g) 

and (h) of this AD, except as provided by 

paragraphs (f)(1) and (f)(2) of this AD. Any 

applicable related investigative and 

corrective actions must be done before 

further flight. 

(1) Where paragraph 1.E., ‘‘Compliance,’’ of 

the service bulletin specifies a compliance 

time relative to the original issue date of the 

service bulletin, this AD requires compliance 

before the specified compliance time after 

April 26, 2006 (the effective date of AD 

2006–06–11). 

(2) For any airplane that reaches the 

applicable compliance time for the initial 

Stage 2 inspection (as specified in Table 1, 

Compliance Recommendations, under 

paragraph 1.E. of the service bulletin) before 

reaching the applicable compliance time for 

the initial Stage 1 inspection: 

Accomplishment of the initial Stage 2 

inspection eliminates the need to do the 

Stage 1 inspections. 

Compliance Time for Initial Stage 1 

Inspection 

(g) Do the initial Stage 1 inspection at the 

earlier of the times specified in paragraphs 

(g)(1) and (g)(2) of this AD. 

(1) At the earlier of the times specified in 

paragraphs (g)(1)(i) and (g)(1)(ii) of this AD. 

(i) At the applicable time specified in 

paragraph 1.E., ‘‘Compliance,’’ of Boeing 

Alert Service Bulletin 747–53A2507, dated 

April 21, 2005. 

(ii) Before the accumulation of 10,000 total 

flight cycles, or within 250 flight cycles after 

the effective date of this AD, whichever 

occurs later. 

(2) At the later of the times specified in 

paragraphs (g)(2)(i) and (g)(2)(ii) of this AD. 

(i) Before the accumulation of 12,000 total 

flight cycles. 

(ii) Within 50 flight cycles or 20 days, 

whichever occurs first, after the effective date 

of this AD. 

Compliance Times for Repetitive Stage 1 

Inspections 

(h) Repeat the Stage 1 inspection specified 

in paragraph (f) of this AD at the time 

specified in paragraph (h)(1) or (h)(2), as 

applicable. Repeat the inspection thereafter 

at intervals not to exceed 250 flight cycles, 

until the initial Stage 2 inspection required 

by paragraph (i) of this AD has been done. 

(1) For airplanes on which the initial Stage 

1 inspection had not been accomplished as 

of the effective date of this AD: Do the next 

inspection before the accumulation of 10,000 

total flight cycles, or within 250 flight cycles 

after the initial Stage 1 inspection done in 

accordance with paragraph (f) of this AD, 

whichever occurs later. 

(2) For airplanes on which the initial Stage 

1 inspection had been accomplished as of the 

effective date of this AD: Do the next 

inspection at the applicable time specified in 

paragraph (h)(2)(i) or (h)(2)(ii) of this AD. 

(i) For airplanes that had accumulated 

fewer than 12,000 total flight cycles as of the 

effective date of this AD: Do the next 

inspection before the accumulation of 10,000 

total flight cycles, or within 250 flight cycles 

after the effective date of this AD, whichever 

occurs later. 

(ii) For airplanes that had accumulated 

12,000 total flight cycles or more as of the 

effective date of this AD: Do the next 

inspection at the later of the times specified 

in paragraphs (h)(2)(ii)(A) and (h)(2)(ii)(B) of 

this AD. 

(A) Within 250 flight cycles after 

accomplishment of the initial Stage 1 

inspection. 

(B) Within 50 flight cycles or 20 days, 

whichever occurs first, after the effective date 

of this AD. 

Repetitive Stage 2 Inspections 

(i) Do detailed and high frequency eddy 

current inspections for cracking or 

discrepancies of the fasteners in the tension 

ties, shear webs, and frames at body stations 

1120 through 1220, and related investigative 

and corrective actions as applicable, by doing 

all actions specified in and in accordance 

with ‘‘Stage 2 Inspection’’ of the 

Accomplishment Instructions of Boeing Alert 

Service Bulletin 747–53A2507, dated April 


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65658 Federal Register / Vol. 72, No. 225 / Friday, November 23, 2007 / Rules and Regulations 

1Under the Acceptable Practices, the definition of 

‘‘public director’’ is also relevant to members of 

DCM regulatory oversight committees (all of whom 

must be public directors) and to members of DCM 

disciplinary panels (panelists need not be directors, 

but must include at least one member who meets 

certain elements of the definition of public 

director). 

21, 2005, except as provided by paragraph (j) 

of this AD. Do the initial and repetitive Stage 

2 inspections at the applicable times 

specified in paragraph 1.E., ‘‘Compliance,’’ of 

the service bulletin. Any applicable related 

investigative and corrective actions must be 

done before further flight. Accomplishment 

of the initial Stage 2 inspection ends the 

repetitive Stage 1 inspections. 

Exception to Corrective Action Instructions 

(j) If any discrepancy; including but not 

limited to cracking, or broken, loose, or 

missing fasteners; is found during any 

inspection required by this AD, and Boeing 

Alert Service Bulletin 747–53A2507, dated 

April 21, 2005, specifies to contact Boeing for 

appropriate action: Before further flight, 

repair the discrepancy using a method 

approved in accordance with the procedures 

specified in paragraph (l) of this AD. 

Reporting Requirement 

(k) At the applicable time specified in 

paragraph (k)(1) or (k)(2) of this AD, submit 

a report of the findings (both positive and 

negative) of each Stage 1 inspection required 

by this AD to Boeing Commercial Airplanes; 

Attention: Manager, Airline Support; P.O. 

Box 3707 MC 04–ER; Seattle, Washington 

98124–2207; fax (425) 266–5562. The report 

must include the inspection results, a 

description of any discrepancies found, the 

inspections performed, the airplane serial 

number, and the number of total 

accumulated flight cycles on the airplane. 

Under the provisions of the Paperwork 

Reduction Act (44 U.S.C. 3501, et seq.), the 

Office of Management and Budget (OMB) has 

approved the information collection 

requirements contained in this AD and has 

assigned OMB Control Number 2120–0056. 

(1) For any inspection done after the 

effective date of this AD: Submit the report 

within 30 days after the inspection. 

(2) For any inspection done before the 

effective date of this AD: Submit the report 

within 30 days after the effective date of this 

AD. 

Alternative Methods of Compliance 

(AMOCs) 

(l)(1) The Manager, Seattle Aircraft 

Certification Office (ACO), FAA, has the 

authority to approve AMOCs for this AD, if 

requested in accordance with the procedures 

found in 14 CFR 39.19. 

(2) To request a different method of 

compliance or a different compliance time 

for this AD, follow the procedures in 14 CFR 

39.19. Before using any approved AMOC on 

any airplane to which the AMOC applies, 

notify your appropriate principal inspector 

(PI) in the FAA Flight Standards District 

Office (FSDO), or lacking a PI, your local 

FSDO. 

(3) An AMOC that provides an acceptable 

level of safety may be used for any repair 

required by this AD, if it is approved by an 

Authorized Representative for the Boeing 

Commercial Airplanes Delegation Option 

Authorization Organization who has been 

authorized by the Manager, Seattle ACO, to 

make those findings. For a repair method to 

be approved, the repair must meet the 

certification basis of the airplane, and the 

approval must specifically refer to this AD. 

(4) AMOCs approved previously for repairs 

for compliance with AD 2006–06–11 are 

approved as AMOCs for the corresponding 

provisions of this AD provided that the 

repaired areas are inspected at the times 

specified in this AD, and the inspections are 

done in accordance with this AD. 

Material Incorporated by Reference 

(m) You must use Boeing Alert Service 

Bulletin 747–53A2507, dated April 21, 2005, 

to perform the actions that are required by 

this AD, unless the AD specifies otherwise. 

The Director of the Federal Register approved 

the incorporation by reference of this 

document on April 26, 2006 (71 FR 14367, 

March 22, 2006). Contact Boeing Commercial 

Airplanes, P.O. Box 3707, Seattle, 

Washington 98124–2207, for a copy of this 

service information. You may review copies 

at the FAA, Transport Airplane Directorate, 

1601 Lind Avenue, SW., Renton, 

Washington; 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 http://www.archives.gov/federal-register/ 

cfr/ibr-locations.html. 

Issued in Renton, Washington, on 

November 15, 2007. 

Ali Bahrami, 

Manager, Transport Airplane Directorate, 

Aircraft Certification Service. 

[FR Doc. 07–5794 Filed 11–21–07; 8:45 am] 

BILLING CODE 4910–13–P 

COMMODITY FUTURES TRADING 

COMMISSION 

17 CFR Part 38 

RIN 3038–AC28 

Conflicts of Interest in Self-Regulation 

and Self-Regulatory Organizations 

AGENCY: Commodity Futures Trading 

Commission (‘‘Commission’’) 

ACTION: Final rule; notice of stay. 

SUMMARY: On January 31, 2007, the 

Commission adopted Acceptable 

Practices for Section 5(d)(15) (‘‘Core 

Principle 15’’) of the Commodity 

Exchange Act. The new Acceptable 

Practices were published in the Federal 

Register on February 14, 2007, and 

became effective on March 16, 2007. On 

March 26, 2007, the Commission 

published certain proposed 

amendments to the Acceptable Practices 

in an effort to clarify the definition of 

‘‘public director’’ contained therein.1

The Commission has yet to act upon the 

proposed amendments, which are 

central to every element of the 

Acceptable Practices. Accordingly, the 

Commission hereby notifies all 

designated contract markets (‘‘DCMs’’) 

that, until further notice, the Acceptable 

Practices contained in paragraph (b) of 

Core Principle 15 in Appendix B to 17 

CFR part 38 are stayed indefinitely. 

DATES: Effective November 23, 2007, 

paragraph (b) of Core Principle 15 in 

Appendix B to 17 CFR part 38 is stayed 

indefinitely. The Commission will 

publish a new Federal Register 

document lifting the stay on a future 

date. 

FOR FURTHER INFORMATION CONTACT: 

Rachel F. Berdansky, Acting Deputy 

Director for Market Compliance, 202–

418–5429, or Sebastian Pujol Schott, 

Special Counsel, 202–418–5641, 

Division of Market Oversight, 

Commodity Futures Trading 

Commission, Three Lafayette Centre, 

1155 21st Street, Washington, DC 20581. 

SUPPLEMENTARY INFORMATION: On 

January 31, 2007 the Commission 

adopted its first Acceptable Practices for 

Core Principle 15. The Acceptable 

Practices are structured in four parts, 

including three operational provisions. 

The operational provisions include: (1) 

DCM boards of directors composed of at 

least 35% public directors; (2) boardlevel regulatory oversight committees 

(‘‘ROC’’) consisting exclusively of 

public directors; and (3) disciplinary 

panels including at least one public 

person. The Acceptable Practices also 

include an important fourth provision 

which defines ‘‘public director’’ and 

also impacts ROC members and 

disciplinary panel members. All three 

operational provisions of the Acceptable 

Practices are dependent upon the 

definition of public director. 

The Acceptable Practices were 

published in the Federal Register on 

February 14, 2007, with an effective 

date of March 16, 2007. The 

Commission stated at that time that it 

would survey all DCMs within six 

months to evaluate their plans for 

compliance with Core Principle 15. The 

Commission further stated that all 

DCMs would be granted the lesser of 

two years or two regularly scheduled 

board elections to fully implement the 

new Acceptable Practices or otherwise 

demonstrate full compliance with Core 

Principle 15. 

On March 26, 2007, the Commission 

published proposed amendments to the 

definition of DCM ‘‘public director,’’

which, as noted above, also impacts 

ROC and disciplinary panel members. 

The comment period for the proposed 

amendments ended on April 25, 2007. 


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