48394 Federal Register / Vol. 82, No. 200 / Wednesday, October 18, 2017 / Rules and Regulations 

1 7 U.S.C. 1 et seq. 

2See 7 U.S.C. 6s(e)(1)(B). SDs and MSPs for 

which there is a Prudential Regulator must meet the 

margin requirements for uncleared swaps 

established by the applicable Prudential Regulator. 

7 U.S.C. 6s(e)(1)(A). See also 7 U.S.C. 1a(39) 

(defining the term ‘‘Prudential Regulator’’ to 

include: The Board of Governors of the Federal 

Reserve System; the Office of the Comptroller of the 

Currency; the Federal Deposit Insurance 

Corporation; the Farm Credit Administration; and 

the Federal Housing Finance Agency). The 

Prudential Regulators published final margin 

requirements in November 2015. See Margin and 

Capital Requirements for Covered Swap Entities, 80 

FR 74840 (Nov. 30, 2015) (‘‘Prudential Regulators’ 

Final Margin Rule’’). 

3See Margin Requirements for Uncleared Swaps 

for Swap Dealers and Major Swap Participants, 81 

FR 636 (Jan. 6, 2016). The Final Margin Rule, which 

became effective April 1, 2016, is codified in part 

23 of the Commission’s regulations. See §§ 23.150— 

23.159 and 23.161. The Commission’s regulations 

are found in Chapter I of Title 17 of the Code of 

Federal Regulations, 17 CFR parts 1 through 199. 

4See Margin Requirements for Uncleared Swaps 

for Swap Dealers and Major Swap Participants— 

Cross-Border Application of the Margin 

Requirements, 81 FR 34818 (May 31, 2016). The 

Cross-Border Margin Rule, which became effective 

August 1, 2016, is codified in part 23 of the 

Commission’s regulations. See § 23.160. 

Issued in Renton, Washington, on October 

12, 2017. 

Victor Wicklund, 

Manager, Transport Standards Branch, Policy 

and Innovation Division, Aircraft 

Certification Service. 

[FR Doc. 2017–22544 Filed 10–17–17; 8:45 am] 

BILLING CODE 4910–13–P 

DEPARTMENT OF TRANSPORTATION 

Federal Aviation Administration 

14 CFR Part 25 

[Docket No. FAA–2015–6359; Special 

Conditions No. 25–633–SC] 

Special Conditions: Bombardier Inc. 

Model BD–700–2A12 and BD–700– 

2A13 Airplanes; Airplane ElectronicSystem Security Protection From 

Unauthorized Internal Access 

AGENCY: Federal Aviation 

Administration (FAA), DOT. 

ACTION: Final special conditions; 

correction. 

SUMMARY: This document corrects an 

error that appeared in Docket No. FAA– 

2015–6359, Special Conditions No. 25– 

633–SC, which was published in the 

Federal Register on August 22, 2016. 

The error is an incorrect word in the 

title of the final special conditions 

document. 

DATES: The effective date of this 

correction is October 18, 2017. 

FOR FURTHER INFORMATION CONTACT: 

Varun Khanna, FAA, Airplane and 

Flight Crew Interface, AIR–671, Aircraft 

Certification Service, 1601 Lind Avenue 

SW., Renton, Washington 98057–3356; 

telephone 425–227–1298; facsimile 

425–227–1149. 

SUPPLEMENTARY INFORMATION: 

Background 

On August 22, 2016, the Federal 

Register published a document 

designated as Docket No. FAA–2015– 

6359, Final Special Conditions No. 25– 

633–SC (81 FR 56474). The document 

issued special conditions pertaining to 

system security to protect against 

unauthorized access to digital systems 

architecture composed of several 

connected data networks that will have 

the capability to allow connectivity of 

the passenger-service computer systems 

to the airplane critical systems and data 

networks. As published, the document 

contained an error in the title of the 

special conditions document, stating 

‘‘Authorized’’ where ‘‘Unauthorized’’ is 

correct. 

Correction 

In the final special conditions 

document (FR Doc. 2016–19994), 

published on August 22, 2016 (81 FR 

56474), make the following correction. 

On page 56474, first column, the 

special conditions title is corrected to 

read: 

Special Conditions: Bombardier Inc. 

Model BD–700–2A12 and BD–700– 

2A13 Airplanes; Airplane ElectronicSystem Security Protection from 

Unauthorized Internal Access 

Issued in Renton, Washington, on October 

12, 2017. 

Victor Wicklund, 

Manager, Transport Standards Branch, Policy 

and Innovation Division, Aircraft 

Certification Service. 

[FR Doc. 2017–22525 Filed 10–17–17; 8:45 am] 

BILLING CODE 4910–13–P 

COMMODITY FUTURES TRADING 

COMMISSION 

17 CFR Chapter I 

Comparability Determination for the 

European Union: Margin Requirements 

for Uncleared Swaps for Swap Dealers 

and Major Swap Participants 

AGENCY: Commodity Futures Trading 

Commission. 

ACTION: Notification of determination. 

SUMMARY: The following is the analysis 

and determination of the Commodity 

Futures Trading Commission 

(‘‘Commission’’) regarding a request by 

the European Commission (‘‘EC’’) that 

the Commission determine that laws 

and regulations applicable in the 

European Union (‘‘EU’’) provide a 

sufficient basis for an affirmative 

finding of comparability with respect to 

margin requirements for uncleared 

swaps applicable to certain swap 

dealers (‘‘SDs’’) and major swap 

participants (‘‘MSPs’’) registered with 

the Commission. As discussed in detail 

herein, the Commission has found the 

margin requirements for uncleared 

swaps under the laws and regulations of 

the EU comparable in outcome to those 

under the Commodity Exchange Act 

(‘‘CEA’’) and Commission regulations. 

DATES: This determination was made 

and issued by the Commission on 

October 13, 2017. 

FOR FURTHER INFORMATION CONTACT: 

Matthew Kulkin, Director, 202–418– 

5213, mkulkin@cftc.gov, or Katherine S. 

Driscoll, Associate Chief Counsel, 202– 

418–5544, kdriscoll@cftc.gov, Division 

of Swap Dealer and Intermediary 

Oversight, Commodity Futures Trading 

Commission, Three Lafayette Centre, 

1155 21st Street NW., Washington, DC 

20581. 

SUPPLEMENTARY INFORMATION: 

I. Introduction 

Pursuant to section 4s(e) of the CEA,1

the Commission is required to 

promulgate margin requirements for 

uncleared swaps applicable to each SD 

and MSP for which there is no 

Prudential Regulator (collectively, 

‘‘Covered Swap Entities’’ or ‘‘CSEs’’).2

The Commission published final margin 

requirements for such CSEs in January 

2016 (the ‘‘Final Margin Rule’’).3

Subsequently, on May 31, 2016, the 

Commission published in the Federal 

Register its final rule with respect to the 

cross-border application of the 

Commission’s margin requirements for 

uncleared swaps applicable to CSEs 

(hereinafter, the ‘‘Cross-Border Margin 

Rule’’).4 The Cross-Border Margin Rule 

sets out the circumstances under which 

a CSE is allowed to satisfy the 

requirements under the Final Margin 

Rule by complying with comparable 

foreign margin requirements 

(‘‘substituted compliance’’); offers 

certain CSEs a limited exclusion from 

the Commission’s margin requirements; 

and outlines a framework for assessing 

whether a foreign jurisdiction’s margin 

requirements are comparable in 

outcome to the Final Margin Rule 

(‘‘comparability determinations’’). The 

Commission promulgated the CrossBorder Margin Rule after close 

consultation with the Prudential 

Regulators and in light of comments 


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