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58559
Rules and Regulations Federal Register
Vol. 86, No. 202
Friday, October 22, 2021
List of Subjects in 12 CFR Parts 611 and Dated: October 19, 2021.
This section of the FEDERAL REGISTER
contains regulatory documents having general 621 Dale Aultman,
applicability and legal effect, most of which Secretary, Farm Credit Administration.
are keyed to and codified in the Code of Accounting, Agriculture, Banks, [FR Doc. 2021–23059 Filed 10–21–21; 8:45 am]
Federal Regulations, which is published under Banking, Conflicts of interest, Crime,
50 titles pursuant to 44 U.S.C. 1510. Reporting and recordkeeping BILLING CODE 6705–01–P
The Code of Federal Regulations is sold by requirements, Investigations, Rural
the Superintendent of Documents. areas. FARM CREDIT ADMINISTRATION
Accordingly, 12 CFR parts 611 and 12 CFR Part 612
FARM CREDIT ADMINISTRATION 621 are corrected by making the
following correcting amendments: RIN 3052–AC44
12 CFR Parts 611 and 621 PART 611—ORGANIZATION Standards of Conduct
RIN 3052–AC44 ■ 1. The authority citation for part 611 AGENCY: Farm Credit Administration.
Standards of Conduct continues to read as follows: ACTION: Notification of effective date.
Authority: Secs. 1.2, 1.3, 1.4, 1.5, 1.12, SUMMARY: The Farm Credit
AGENCY: Farm Credit Administration. 1.13, 2.0, 2.1, 2.2, 2.10, 2.11, 2.12, 3.0, 3.1, Administration (FCA) issued a final rule
ACTION: Final rule; technical 3.2, 3.3, 3.7, 3.8, 3.9, 4.3A, 4.12, 4.12A, 4.15, amending our regulations governing
amendments. 4.20, 4.21, 4.25, 4.26, 4.27, 4.28A, 5.9, 5.17, standards of conduct of directors and
5.25, 7.0–7.13, 8.5(e) of the Farm Credit Act employees of the Farm Credit System
SUMMARY: On September 13, 2021, the (12 U.S.C. 2002, 2011, 2012, 2013, 2020, (System) institutions to require each
Farm Credit Administration (FCA) 2021, 2071, 2072, 2073, 2091, 2092, 2093, System institution to have or develop a
issued a final rule on standards of 2121, 2122, 2123, 2124, 2128, 2129, 2130, Standards of Conduct Program based on
2154a, 2183, 2184, 2203, 2208, 2209, 2211, core principles.
conduct for directors and employees of 2212, 2213, 2214, 2243, 2252, 2261, 2279a–
Farm Credit System (System) 2279f–1, 2279aa–5(e)); secs. 411 and 412 of DATES: The final rule amending subpart
institutions. That final rule document Pub. L. 100–233, 101 Stat. 1568, 1638; secs. A of 12 CFR part 612, published on
inadvertently failed to update two cross- 414 of Pub. L. 100–399, 102 Stat. 989, 1004. September 13, 2021 (86 FR 50956), is
references to the standards of conduct Subpart J—Unincorporated Business effective on January 1, 2023.
rules contained in parts 611 and 621 of Entities FORFURTHERINFORMATIONCONTACT:
the same chapter. This document makes Technical information: Lori
those changes to the cross-references §611.1153 [Amended] Markowitz, Senior Policy Analyst,
contained in parts 611 and 621. Office of Regulatory Policy, Farm Credit
DATES: Effective January 1, 2023. ■ 2. In §611.1153, amend paragraph Administration, (703) 883–4487, TTY
FORFURTHERINFORMATIONCONTACT: (c)(3) by removing the phrase ‘‘in (703) 883–4056, ORPMailbox@fca.gov.
Antonya Brown, Technical Editor, compliance with the standards of Legal information: Laura McFarland,
Office of General Counsel, Farm Credit conduct rules in §§612.2130 through Senior Counsel, Office of General
Administration, McLean, VA 22102– 612.2270’’ and adding in its place the Counsel, Farm Credit Administration,
5090, (703) 883–4020, TTY (703) 883– phrase ‘‘in compliance with the (703) 883–4020, TTY (703) 883–4056.
4056. standards of conduct rules in 12 CFR SUPPLEMENTARYINFORMATION: On
612, subpart A of this chapter.’’ September 13, 2021, FCA issued a final
SUPPLEMENTARYINFORMATION: On PART 621—ACCOUNTING AND rule adopting amendments to our
Monday, September 13, 2021, FCA REPORTING REQUIREMENTS regulations governing standards of
published in the Federal Register (86 conduct of System directors and
FR 50956) a final rule amending FCA ■ 3. The authority citation for part 621 employees, excluding the Federal
regulations governing standards of continues to read as follows: Agricultural Mortgage Corporation. The
conduct for System director and final rule requires each System
employees, excluding the Federal Authority: Secs. 4.12(b)(5), 4.14, 4.14A, institution to have or develop a
Agricultural Mortgage Corporation, 4.14D, 5.17, 5.22A, 8.11 of the Farm Credit Standards of Conduct Program based on
located in part 612 of chapter VI, title Act (12 U.S.C. 2183, 2202, 2202a, 2202d, core principles which serve as the
12 of the Code of Federal Regulations. 2252, 2257a, 2279aa–11); sec. 514 of Pub. L. foundation for ethical conduct,
The rulemaking included renumbering 102–552. including requiring each System
certain sections of the existing standards Subpart E—Auditor Independence institution to adopt a Code of Ethics and
of conduct provisions. In issuing the address the responsibilities of directors,
final rule, corresponding updates to §621.30 [Amended] employees, and Standards of Conduct
standards of conduct regulatory ■ 4. In §621.30, amend the last sentence Officials.
references were inadvertently omitted. by removing the phrase ‘‘§612.2260 of In accordance with 12 U.S.C.
This document changes those cross- this chapter’’ and adding in its place the 2252(c)(1), the effective date of the rule
references to FCA standards of conduct phrase ‘‘§612.2180 of this chapter.’’ may be no earlier than 30 days from the
contained §§611.1153(c)(3) and 621.30 date of publication in the Federal
of the same chapter. * * * * * Register during which either or both
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58560 Federal Register/Vol. 86, No. 202/Friday, October 22, 2021/Rules and Regulations
Houses of Congress are in session. The are propelled or controlled by I. Abbreviations
Act does not prevent FCA from propulsion machinery. This rule CATEX Categorical exclusion
identifying an effective date that relieves owners of these recreational COMDTINST Commandant Instruction
provides more than the minimum vessels from certain inspection, CFR Code of Federal Regulations
required amount of time. The Standards maintenance, and recordkeeping DHS Department of Homeland Security
of Conduct rule was expected to be requirements that are more suited for Fire Protection rule Harmonization of
effective on or about November 3, 2021, commercial vessels. To make it easier to Standards for Fire Protection, Detection,
but the FCA Board voted on October 18, find these regulations, this rule also and Extinguishing Equipment (81 FR
2021 to delay the effective date to relocates the regulations to another part 48219, July 22, 2016)
January 1, 2023. FCA believes of the Code of Federal Regulations. FR Federal Register
postponing the effective date will allow DATES: This final rule is effective April NBSAC National Boating Safety Advisory
Council
System institutions the necessary time 20, 2022. NFPA National Fire Protection Association
to develop and implement the required ADDRESSES: To view documents NFPA 10 NFPA 10 Standard for Portable
Standards of Conduct policies, as well mentioned in this preamble as being Fire Extinguishers, 2010 edition
as train directors and employees on the available in the docket, go to https:// NPRM Notice of proposed rulemaking
new requirements. www.regulations.gov, type USCG–2018– OMB Office of Management and Budget
We are inviting the public to 0099 in the ‘‘SEARCH’’ box and click RA Regulatory analysis
comment on the change in effective § Section
date. You may submit comments on this ‘‘SEARCH.’’ U.S.C. United States Code
action within 30 days of this notice by FORFURTHERINFORMATIONCONTACT: For II. Purpose, Basis, and Regulatory
any of the following methods: information about this document, call or History
• Email: Send us an email at reg- email Jeffrey Decker, Office of Auxiliary A. Purpose
comm@fca.gov. and Boating Safety, Boating Safety
• Agency Website: http:// Division (CG–BSX–2), Coast Guard; The Coast Guard is amending portable
www.fca.gov. Once you are at the telephone 202–372–1507, email fire extinguishing equipment
website, select the ‘‘I want to . . .’’ field RBSinfo@uscg.mil. requirements for recreational vessels
near the top of the page; select SUPPLEMENTARYINFORMATION: that are propelled or controlled by
‘‘comment on a pending regulation’’ Table of Contents for Preamble propulsion machinery. We are relieving
from the dropdown menu; and click owners of these recreational vessels
‘‘Go’’. I. Abbreviations from certain inspection, maintenance,
• Mail: Kevin J. Kramp, Director, II. Purpose, Basis, and Regulatory History and recordkeeping requirements of
Office of Regulatory Policy, Farm Credit A. Purpose National Fire Protection Association
Administration, 1501 Farm Credit Drive, B. Basis and Regulatory History (NFPA) 10 (2010 edition). These
III. Background requirements are more suited for
McLean, VA 22102–5090. IV. Discussion of Comments and Changes commercial vessels. This rule does not
If FCA receives significant adverse A. National Fire Protection Association alter standards for commercial vessels
comments on delaying the effective date (NFPA) Comments including vessels carrying passengers
for this rule, FCA will publish a notice B. Burden Estimates of NFPA for hire, or have any effect on
withdrawing this notice that will Requirements on Recreational Boaters
indicate how the agency will proceed. C. Vagueness of the Coast Guard’s ‘‘Good recreational vessels that do not use
and Serviceable’’ Standard propulsion machinery.
Dated: October 19, 2021. D. Health and Safety Risks This rule also moves fire
Dale Aultman, E. Frequency of Portable Fire Extinguisher extinguishing equipment rules for
Secretary, Farm Credit Administration. Inspections recreational vessels from subpart 25.30
[FR Doc. 2021–23062 Filed 10–21–21; 8:45 am] F. Relocation of Fire Extinguishing (Fire Extinguishing Equipment) of
Requirements From 46 CFR to 33 CFR subchapter C (Uninspected Vessels) of
BILLING CODE 6705–01–P G. Classes of Portable Fire Extinguishers title 46 of the Code of Federal
Required To Be Carried Regulations (CFR) to part 175 of
H. Number of Portable Fire Extinguishers subchapter S (Boating Safety) of title 33,
DEPARTMENT OF HOMELAND Required To Be Carried
SECURITY I. Standard for Fixed Fire Extinguishing where other recreational vessel rules
Systems already exist.
Coast Guard J. Requirements for Coast Guard- B. Basis and Regulatory History
Documented Vessels and State-
33 CFR Parts 1 and 175 Registered Vessels The Secretary of Homeland Security
K. Need for Greater Public Awareness is authorized by 46 U.S.C. 4302(a)(2) to
V. Discussion of the Rule prescribe regulations requiring the
46 CFR Part 25 A. What This Rule Does installation, carrying, or use of
[Docket No. USCG–2018–0099] B. Changes From the Proposed Rule firefighting equipment and prohibiting
VI. Regulatory Analyses the installation, carrying, or use of
RIN 1625–AC41 A. Regulatory Planning and Review equipment that does not conform to the
B. Small Entities
Fire Protection for Recreational C. Assistance for Small Entities safety standards established under
Vessels D. Collection of Information section 4302. The Secretary of
E. Federalism Homeland Security has delegated this
AGENCY: Coast Guard, Department of F. Unfunded Mandates authority to the Coast Guard by
Homeland Security (DHS). G. Taking of Private Property Department of Homeland Security
ACTION: Final rule. H. Civil Justice Reform (DHS) Delegation No. 0170.1(II)(92)(b).
I. Protection of Children The Commandant has redelegated this
SUMMARY: The Coast Guard is amending J. Indian Tribal Governments authority to the Assistant Commandant
fire extinguishing equipment K. Energy Effects for Response Policy as described in 33
L. Technical Standards
regulations for recreational vessels that M. Environment CFR 1.05–1(d).
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