60616 Federal Register / Vol. 75, No. 190 / Friday, October 1, 2010 / Rules and Regulations 

1 Dodd-Frank Wall Street Reform and Consumer 

Protection Act, Public Law 111–203, 124 Stat. 1376 

(2010). 

2 17 U.S.C. 7202 et seq. 

§ 39.13 [Amended] 

■ 2. The FAA amends § 39.13 by adding 

the following new airworthiness 

directive (AD): 

2010–20–12 The Boeing Company: 

Amendment 39–16447; Docket No. 

FAA–2010–0035; Directorate Identifier 

2009–NM–066–AD. 

Effective Date 

(a) This AD is effective November 5, 2010. 

Affected ADs 

(b) None. 

Applicability 

(c) This AD applies to The Boeing 

Company Model 747–400, 747–400D, and 

747–400F series airplanes, certificated in any 

category; as identified in the service bulletins 

listed in paragraphs (c)(1) and (c)(2) of this 

AD. 

(1) Boeing Service Bulletin 747–28A2266, 

Revision 1, dated December 10, 2009. 

(2) Boeing Alert Service Bulletin 747– 

28A2267, dated December 18, 2008. 

Subject 

(d) Air Transport Association (ATA) of 

America Code 28: Fuel. 

Unsafe Condition 

(e) This AD results from fuel system 

reviews conducted by the manufacturer. The 

Federal Aviation Administration is issuing 

this AD to prevent an electrical hot short 

from a source outside the fuel quantity 

indicating system (FQIS) to the densitometer 

wiring from causing failure of the FQIS 

densitometer resistors, which could result in 

an ignition source inside the center or 

horizontal stabilizer fuel tanks. An ignition 

source, in combination with flammable fuel 

vapors, could result in a fuel tank explosion 

and consequent loss of the airplane. 

Compliance 

(f) You are responsible for having the 

actions required by this AD performed within 

the compliance times specified, unless the 

actions have already been done. 

Installation of Hot Short Protector (HSP) 

(g) Within 60 months after the effective 

date of this AD: Do the applicable 

installations of the HSP specified in 

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

Note 1: Boeing Service Bulletin 747– 

28A2266, Revision 1, dated December 10, 

2009; and Boeing Alert Service Bulletin 747– 

28A2267, dated December 18, 2008; refer to 

Cinch Service Bulletin CN1036–28–01, 

Revision C, dated January 18, 2007, as an 

additional source of guidance for installing 

the HSP in the fuel tanks which must be 

done before or concurrently with the actions 

specified in Boeing Service Bulletin 747– 

28A2266, Revision 1, dated December 10, 

2009; and Boeing Alert Service Bulletin 747– 

28A2267, dated December 18, 2008. 

(1) For all airplanes: Install the HSP in the 

center wing tank, in accordance with the 

Accomplishment Instructions of Boeing 

Service Bulletin 747–28A2266, Revision 1, 

dated December 10, 2009. 

(2) For airplanes identified in Boeing Alert 

Service Bulletin 747–28A2267, dated 

December 18, 2008: Install the HSP in the 

horizontal stabilizer tank, in accordance with 

the Accomplishment Instructions of Boeing 

Alert Service Bulletin 747–28A2267, dated 

December 18, 2008. 

Credit for Installation Previously 

Accomplished in Accordance With Previous 

Issue of Service Bulletin 

(h) Actions accomplished before the 

effective date of this AD according to Boeing 

Alert Service Bulletin 747–28A2266, dated 

December 18, 2008, are considered 

acceptable for compliance with the 

corresponding action specified in this AD, 

provided that Cinch Service Bulletin 

CN1036–28–01, Revision C, dated January 

18, 2007, is used as an additional source of 

guidance. 

Alternative Methods of Compliance 

(AMOCs) 

(i)(1) The Manager, Seattle Aircraft 

Certification Office (ACO), FAA, has the 

authority to approve AMOCs for this AD, if 

requested using the procedures found in 14 

CFR 39.19. Send information to ATTN: 

Georgios Roussos, Aerospace Engineer, 

Systems and Equipment Branch, ANM–130S, 

FAA, Seattle Aircraft Certification Office, 

1601 Lind Avenue, SW., Renton, Washington 

98057–3356; telephone (425) 917–6482; fax 

(425) 917–6590. Or, e-mail information to 9- 

ANM-Seattle-ACO-AMOC-Requests@faa.gov. 

(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 principal maintenance inspector 

(PMI) or principal avionics inspector (PAI), 

as appropriate, or lacking a principal 

inspector, your local Flight Standards District 

Office. The AMOC approval letter must 

specifically reference this AD. 

Material Incorporated by Reference 

(j) You must use Boeing Service Bulletin 

747–28A2266, Revision 1, dated December 

10, 2009; or Boeing Alert Service Bulletin 

747–28A2267, dated December 18, 2008; as 

applicable; to do the actions required by this 

AD, unless the AD specifies otherwise. 

(1) The Director of the Federal Register 

approved the incorporation by reference of 

this service information under 5 U.S.C. 

552(a) and 1 CFR part 51. 

(2) For service information identified in 

this AD, contact Boeing Commercial 

Airplanes, Attention: Data & Services 

Management, P.O. Box 3707, MC 2H–65, 

Seattle, Washington 98124–2207; telephone 

206–544–5000, extension 1; fax 206–766– 

5680; e-mail me.boecom@boeing.com; 

Internet https://www.myboeingfleet.com. 

(3) You may review copies of the service 

information at the FAA, Transport Airplane 

Directorate, 1601 Lind Avenue, SW., Renton, 

Washington. For information on the 

availability of this material at the FAA, call 

425–227–1221. 

(4) You may also review copies of the 

service information that is incorporated by 

reference 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/ 

code_of_federal_regulations/ 

ibr_locations.html. 

Issued in Renton, Washington, on 

September 16, 2010. 

Robert D. Breneman, 

Acting Manager, Transport Airplane 

Directorate, Aircraft Certification Service. 

[FR Doc. 2010–24169 Filed 9–30–10; 8:45 am] 

BILLING CODE 4910–13–P 

SECURITIES AND EXCHANGE 

COMMISSION 

17 CFR Part 241 

[Release No. 34–62991] 

Commission Guidance Regarding 

Auditing, Attestation, and Related 

Professional Practice Standards 

Related To Brokers and Dealers 

AGENCY: Securities and Exchange 

Commission. 

ACTION: Interpretation. 

SUMMARY: The Securities and Exchange 

Commission is publishing interpretive 

guidance to clarify the application of 

certain Commission rules, regulations, 

releases, and staff bulletins in light of 

the authority granted to the Public 

Company Accounting Oversight Board 

in the Dodd-Frank Wall Street Reform 

and Consumer Protection Act to 

establish auditing, attestation, and 

related professional practice standards 

governing the preparation and issuance 

of audit reports to be included in broker 

and dealer filings with the Commission. 

DATES: Effective Date: October 1, 2010. 

FOR FURTHER INFORMATION CONTACT: 

Questions should be referred to Rebekah 

Goshorn (Attorney), Division of Trading 

and Markets, at (202) 551–5777, or to 

John Offenbacher (Senior Associate 

Chief Accountant) or Jeffrey Cohan 

(Senior Special Counsel), Office of the 

Chief Accountant, at (202) 551–5300, 

Securities and Exchange Commission, 

100 F Street NE., Washington, DC 

20549–7561. 

SUPPLEMENTARY INFORMATION: Section 

982 of the Dodd-Frank Wall Street 

Reform and Consumer Protection Act 1

(‘‘Dodd-Frank Act’’) amended the 

Sarbanes-Oxley Act of 2002 2 (the 

‘‘Sarbanes-Oxley Act’’) to authorize the 

Public Company Accounting Oversight 

Board (‘‘PCAOB’’), among other things, 

to establish, subject to approval by the 

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Federal Register / Vol. 75, No. 190 / Friday, October 1, 2010 / Rules and Regulations 60617 

3 17 CFR 240.17a–5. 

4 15 U.S.C. 78a et seq. 5Many parts of Commission rules and staff 

guidance related to obligations of brokers and 

dealers refer to GAAS and contain requirements for 

audits to be conducted in accordance with GAAS. 

Rule 17a–5(g)(1) under the Exchange Act, for 

example, states that the audit of the report required 

by Rule 17a–5(d) ‘‘* * * shall be made in 

accordance with generally accepted auditing 

standards * * *’’ (See 17 CFR 240.17a–5) Rule 17a– 

12 under the Exchange Act requires that the audit 

of certain over-the-counter derivative dealers 

‘‘* * * shall be made in accordance with U.S. 

Generally Accepted Auditing Standards * * *’’ (17 

CFR 240.17a–12). 

6See PCAOB Rule 3100. See also, e.g., PCAOB 

Rules 3200T, 3300T, 3400T, and 3500T. 

7Audit and attestation standards established by 

the AICPA. 

Commission, auditing and related 

attestation, quality control, ethics, and 

independence standards to be used by 

registered public accounting firms with 

respect to the preparation and issuance 

of audit reports to be included in broker 

and dealer filings with the Commission 

pursuant to Rule 17a–5 3 under the 

Exchange Act of 1934 4 (‘‘Exchange 

Act’’). The amendments directly impact 

certain Commission rules, regulations, 

releases, and staff bulletins related to 

brokers and dealers (collectively 

referred to in this release as 

‘‘Commission rules and staff guidance’’) 

and certain provisions in the federal 

securities laws for brokers and dealers, 

which refer to Generally Accepted 

Auditing Standards (‘‘GAAS’’) and to 

specific standards under GAAS 

(including related professional practice 

standards).5 There may be confusion on 

the part of brokers, dealers, auditors, 

and investors with regard to the 

professional standards auditors should 

follow for reports filed and furnished by 

brokers and dealers pursuant to the 

federal securities laws and the rules of 

the Commission. 

The Commission is considering a 

rulemaking project to update the audit 

and related attestation requirements 

under the federal securities laws for 

brokers and dealers, particularly in light 

of the Dodd-Frank Act. In addition, the 

PCAOB has not yet revised its rules, 

which currently refer only to issuers, to 

require registered public accounting 

firms to comply with PCAOB standards 

for audits of non-issuer brokers and 

dealers.6

As a result, the Commission is 

providing transitional guidance with 

respect to its existing rules regarding 

non-issuer brokers and dealers. 

Specifically, references in Commission 

rules and staff guidance and in the 

federal securities laws to GAAS or to 

specific standards under GAAS, as they 

relate to non-issuer brokers or dealers, 

should continue to be understood to 

mean auditing standards generally 

accepted in the United States of 

America,7 plus any applicable rules of 

the Commission. The Commission 

intends, however, to revisit this 

interpretation in connection with its 

rulemaking project referenced above. 

List of Subjects in 17 CFR Part 241 

Brokers, Reporting and recordkeeping 

reports, Securities. 

Amendments to the Code of Federal 

Regulations 

■ For the reasons set forth above, the 

Commission is amending title 17, 

chapter II of the Code of Federal 

Regulations as set forth below: 

PART 241—INTERPRETATIVE 

RELEASES RELATING TO THE 

SECURITIES EXCHANGE ACT OF 1934 

AND GENERAL RULES AND 

REGULATIONS THEREUNDER 

■ Part 241 is amended by adding 

Release No. 34–62991 to the list of 

interpretive releases as follows: 

Subject Release No. Date Fed. Reg. vol. and page 

*******

Commission Guidance Regarding Auditing, Attestation, and Related Professional Practice 

Standards Related to Brokers and Dealers.

34–62991 September 24, 2010 ............................. 75 FR [INSERT FR PAGE NUMBER] 

By the Commission. 

Dated: September 24, 2010. 

Elizabeth M. Murphy, 

Secretary. 

[FR Doc. 2010–24657 Filed 9–30–10; 8:45 am] 

BILLING CODE 8010–01–P 

SUSQUEHANNA RIVER BASIN 

COMMISSION 

18 CFR Parts 806 and 808 

Review and Approval of Projects 

AGENCY: Susquehanna River Basin 

Commission. 

ACTION: Final rule. 

SUMMARY: This document contains final 

rules that amend the project review 

regulations of the Susquehanna River 

Basin Commission (Commission) to 

include subsidiary allocations for public 

water supply systems under the scope of 

withdrawals requiring review and 

approval; improve notice procedures for 

all project applications; clarify 

requirements for grandfathered projects 

increasing their withdrawals from an 

existing source or initiating a new 

withdrawal; refine the provisions 

governing transfer and re-issuance of 

approvals; clarify the Executive 

Director’s authority to grant, deny, 

suspend, rescind, modify, or condition 

an Approval by Rule; include decisional 

criteria for diversions into the basin; 

amend administrative appeal 

procedures to broaden available 

remedies and streamline the appeal 

process; and make other minor 

regulatory clarifications to the text of 

the regulations. 

DATES: Effective November 1, 2010. 

ADDRESSES: Susquehanna River Basin 

Commission, 1721 N. Front Street, 

Harrisburg, PA 17102–2391. 

FOR FURTHER INFORMATION CONTACT: 

Richard A. Cairo, General Counsel, 

telephone: 717–238–0423, ext. 306; fax: 

717–238–2436; e-mail: rcairo@srbc.net. 

Also, for further information on the final 

rulemaking, visit the Commission’s Web 

site at http://www.srbc.net. 

SUPPLEMENTARY INFORMATION: 

Comments and Responses to Proposed 

Rulemaking 

Notice of proposed rulemaking was 

published in the Federal Register on 

June 25, 2010; the New York Register on 

July 7, 2010; the Pennsylvania Bulletin 

on July 10, 2010; and the Maryland 

Register on July 16, 2010. The 

Commission convened public hearings 

on July 27, 2010, in Binghamton, New 

York and on July 2010, in Harrisburg, 

Pennsylvania. A written comment 

period was held open until August 10, 

2010. Comments on the proposed 

rulemaking were received at both the 

hearings and during the comment 

period. A summary of the comments 

and the Commission’s responses thereto 

follows. 

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