SUPPLEMENTARY INFORMATION:

The Commission is rescinding rules and forms adopted under the Public Utility ( printed page 71873) Holding Company Act (“PUHCA”),^[1] and revising other rules and forms to correct outdated references to PUHCA, correct outdated references due to enactment of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 ^[2] (“Dodd-Frank Act”), and make other ministerial corrections.^[3] Congress repealed PUHCA effective 2006,^[4] and the Dodd-Frank Act amended various provisions of the federal securities laws and removed references to PUHCA from those laws.

The Commission is amending: Organizational Rules 1, 2, 20b, 30-5, 30-6, 30-7, 30-14, 43, 80, 80a, 80c, 80f, 304, 307, 308, 551, and 800; Rules of Practice 190 and 210; Informal and Other Procedures Rules 1, 2, 3, 6, and 9; Regulation S-X, Items 1-01, 3-18, and 3A-05; Regulation S-K, Item 405; Regulation C, Items 400, 404, 412, 414, 421, 423, 427, 430, 431, 436, 460, 470, 471, and 479; and Regulation S-T, Items 11, 101, 102, 104, 201, 202, 306, 311, 402, and 501, and rules 122 and 176 under the Securities Act of 1933 (the “Securities Act”); rules 0-4, 11d1-1, 13f-1, 14d-4, 14d-7, 16a-1, 16a-2, 16a-3, and 16b-1 under the Securities Exchange Act of 1934 (the “Exchange Act”); Regulation FD, Item 100; rules 0-4, 0-6, 7a-29, and 19a-1 under the Trust Indenture Act of 1939; rules 0-4 and 8b-32 under the Investment Company Act of 1940 (“Investment Company Act”); rule 0-4 under the Investment Advisers Act of 1940 (“Investment Advisers Act”); the General Instructions to Forms 3, 4 and 5; and the General Instructions to Form SE. The Commission is removing and reserving 17 CFR part 250, 17 CFR part 251, 17 CFR part 256, 17 CFR part 257, and 17 CFR part 259 because each solely contains rules, forms, or interpretive releases that applied exclusively under PUHCA.

Procedural and Other Matters

Section 553 of the Administrative Procedure Act (“APA”) provides that when an agency for good cause finds that notice and public comment are inapplicable, unnecessary, or contrary to the public interest, the agency may issue a rule without providing notice and opportunity for public comment.^[5] The Commission has determined that there is good cause for making today's action final without prior proposal and opportunity for comment.^[6] Because Congress repealed PUHCA, the Commission's action to amend rules to correct outdated references and to eliminate rules, forms, and interpretive releases concerning, and authorized by, statutory provisions that are no longer in effect is ministerial in nature. Similarly, other changes to the Commission's rules to correct outdated or inaccurate references are also ministerial in nature. Therefore the Commission is adopting the rule amendments without prior notice and comment. For the same reasons, the Commission finds good cause for making the rule changes effective upon publication in the Federal Register .^[7]

The amendments the Commission is adopting do not make substantive or material modifications to any collection of information requirements as defined by the Paperwork Reduction Act of 1995, as amended.^[8]

The Commission is sensitive to the costs and benefits of its rules. The rule amendments the Commission is adopting today are ministerial actions that correct or eliminate outdated references and therefore will have no separate economic effect, including no effect on competition.

Statutory Authority

We are adopting these amendments consistent with the repeal of PUHCA in section 1263 of the Energy Policy Act of 2005 and pursuant to the Securities Act, 15 U.S.C. 77a et seq.; the Exchange Act, 15 U.S.C. 78a et seq.; the Trust Indenture Act, 15 U.S.C. 77aaa et seq.; the Investment Company Act, 15 U.S.C. 80a; and the Investment Advisers Act, 15 U.S.C. 80b.

Text of the Amendments

For reasons set forth in the preamble, Title 17, Chapter II of the Code of Federal Regulations is amended as follows:

1. The authority citation for Part 200, subpart A, continues to read, in part, as follows:

Authority: 15 U.S.C. 77o, 77s, 77sss, 78d, 78d-1, 78d-2, 78w, 78 ll (d), 78mm, 80a-37, 80b-11, and 7202, unless otherwise noted.

2. Section 200.1 is amended by:

a. Removing the phrase “Public Utility Holding Company Act of 1935,” from the third sentence of the introductory text;

b. Removing the phrase “public utility holding companies,” from paragraph (b);

c. Removing paragraph (h);

d. Redesignating paragraphs (i) and (j) as paragraphs (h) and (i); and

e. Removing the authority citation at the end of the section.

3. Section 200.2 is amended by removing paragraph (c) and redesignating paragraphs (d) through (g) as paragraphs (c) through (f).

4. Section 200.20b is amended by removing the phrase “the administration and execution of the Public Utility Holding Company Act of 1935,” from the first sentence of the introductory text and removing paragraph (f).

5. Section 200.30-5 is amended by:

a. Removing paragraph (f);

b. Redesignating paragraphs (g) through (m) as paragraphs (f) through (l); and

c. Removing the phrase “the Public Utility Holding Company Act of 1935 ( 15 U.S.C. 79a et seq.) and” from newly redesignated paragraphs (k) and (l).

6. Section 200.30-6 is amended by removing the authority citation at the end of the section.

7. Section 200.30-7 is amended by removing the phrase “the Public Utility Holding Company Act of 1935, 15 U.S.C. 79a et seq., ” from the introductory text of paragraph (a) and removing the phrase “section 24 of the Public Utility Holding Company Act of 1935, 15 U.S.C. 79x,” from paragraph (a)(6).

8. Section 200.30-14 is amended by removing the phrase, “the Public Utility Holding Company Act of 1935, 15 U.S.C. 79a et seq., ” from the introductory text of paragraph (g)(1).

9. The authority citation for Part 200, subpart B, continues to read as follows:

Authority: 5 U.S.C. 552b; 15 U.S.C. 78d-1 and 78w.

10. Section 200.43 is amended by removing the phrase “section 18(c) of the Public Utility Holding Company Act of 1935 ( 15 U.S.C. 79r(c)),” from the first sentence of paragraph (b)(2).

11. The authority citation for Part 200, subpart C, is revised to read as follows:

Authority: Secs. 19, 28, 48 Stat. 85, 901, as amended, sec. 319, 53 Stat. 1173; secs. 38, 211, 54 Stat. 841, 855; 15 U.S.C. 77s, 77sss, 78w, 80a-37, and 80b-11.

12. The general authority citation for Part 200, subpart D, continues to read, in part, as follows:

Authority: 5 U.S.C. 552, as amended, 15 U.S.C. 77f(d), 77s, 77ggg(a), 77sss, 78m(F)(3), 78w, 80a-37, 80a-44(a), 80a-44(b), 80b-10(a), and 80b-11.

13. Section 200.80 is amended by removing the phrase “78m(f)(3), the Public Utility Holding Company Act of 1935, 15 U.S.C. 79v(a)” from the third sentence of paragraph (a)(4) and adding in its place the phrase “78m(f)(4)”.

14. Section 200.80a is amended by removing the table labeled “Public Utility Holding Company Act of 1935”.

15. Section 200.80c is amended by removing the phrase “the Public Utility Holding Company Act of 1935,” from paragraph (b)2, Official Summary.

16. Section 200.80f is amended by removing the heading and entries in the table labeled “Public Utility Holding Company Act of 1935”.

17. The authority citation for Part 200, subpart F, is revised to read as follows:

Authority: 15 U.S.C. 77s, 77sss, 78w, 80a-37, 80b-11, and 7202; and 5 U.S.C. 557.

18. The authority citation for Part 200, subpart H, continues to read, in part, as follows:

Authority: 5 U.S.C. 552a(f), unless otherwise noted.

19. Sections 200.304, 200.307 and 200.308 are amended by removing the authority citations following the sections.

20. The authority citation for Part 200, subpart K, continues to read as follows:

Authority: 15 U.S.C. 78w(a)(2).

21. Section 200.551 is revised to read as follows:

22. The authority citation for Part 200, subpart M, continues to read as follows:

Authority: 15 U.S.C. 77s, 77sss, 78w, 80a-37, 80b-11; E.O. 11222, 3 CFR, 1964-1965 Comp., p. 36; 5 CFR 735.104; 5 CFR 2634; and 5 CFR 2635, unless otherwise noted.

23. In § 200.80(b), in the table, remove the following entries: Form ET, wherever it appears; Rule 1(a); Rule 1(b); Rule 1(c); Rule 2; Rule 3; Rule 7; Rule 7(d); Rule 20(b); Rule 20(c); Rule 20(d); Rule 23; Rule 24; Rule 26; Rule 29; Rule 44; Rule 45; Rule 47(b); Rule ( printed page 71875) 52; Form 53; Rule 54; Rule 57(a); Rule 57(b); Rule 58; Rule 62; Rule 71(a); Rule 72; Rule 83; Rule 87; Rule 88; Rule 93; Rule 94; Rule 95; Rule 100(a); Uniform System of Accounts for Mutual Service Companies and Subsidiary Service Companies, Public Utility Holding Company Act of 1935; Preservation and Destruction of Records of Registered Public Utility Holding Companies and of Mutual and Subsidiary Service Companies; Form U5A; Form U5B; Form U5S; Form U-1; Form U-13-1; Form U-6B-2; Form U-57; Form U-9C-3; Form U-12(I)-A; Form U-12(I)-B; Form U-13E-1; Form U-R-1; Form U-13-60; Form U-3A-2; Form U-3A3-1; Form U-7D; Form U-33-S; Form ID, 259.602, 3235-0328; and Form SE, 259.603, 3235-0327.

24. The authority citation for part 201, subpart D, is revised to read as follows:

Authority: 15 U.S.C. 77f, 77g, 77h, 77h-1, 77j, 77s, 77u, 77sss, 77ttt, 78c(b), 78d-1, 78d-2, 78 l, 78m, 78n, 78o(d), 78o-3, 78s, 78u-2, 78u-3, 78v, 78w, 80a-8, 80a-9, 80a-37, 80a-38, 80a-39, 80a-40, 80a-41, 80a-44, 80b-3, 80b-9, 80b-11, 80b-12, 7202, 7215, and 7217.

25. Section 201.190 is amended by removing the phrase “Section 22(b) of the Public Utility Holding Company Act of 1935, 15 U.S.C. 79v(b), and Rule 104 thereunder, 17 CFR 250.104;” from the first sentence of paragraph (a).

26. Section 201.210 is amended by revising paragraph (b) to read as follows:

27. The general authority citation for Part 202 is revised and the specific authority for § 202.5 is removed to read, in part, as follows:

Authority: 15 U.S.C. 77s, 77t, 77sss, 77uuu, 78d-1, 78u, 78w, 78 ll (d), 80a-37, 80a-41, 80b-9, 80b-11, 7201 et seq., unless otherwise noted.

28. Section 202.1 is amended by removing the phrase “250,” from paragraph (b).

29. Section 202.2 is amended by removing the phrase “matters under the Public Utility Holding Company Act of 1935 and” in the last sentence.

30. Section 202.3 is amended by:

a. Removing the phrase “and the Public Utility Holding Company Act of 1935” from the first sentence of paragraph (a);

b. Removing the phrase “, and filings under the Public Utility Holding Company Act of 1935 which are also routed to the Division of Investment Management.” from the seventh sentence of paragraph (a); and

c. Removing the phrase “the Public Utility Holding Company Act of 1935,” from the last sentence of paragraph (b)(1).

31. Section 202.6 is amended by removing the authority citation at the end of the section.

32. Section 202.9 is amended by removing the phrase “250.110,” from the first sentence of footnote 1.

33. The authority citation for Part 210 continues to read, in part, as follows:

Authority: 15 U.S.C. 77f, 77g, 77h, 77j, 77s, 77z-2, 77z-3, 77aa(25), 77aa(26), 77nn(25), 77nn(26), 78c, 78j-1, 78 l, 78m, 78n, 78o(d), 78q, 78u-5, 78w, 78 ll, 78mm, 80a-8, 80a-20, 80a-29, 80a-30, 80a-31, 80a-37(a), 80b-3, 80b-11, 7202 and 7262, unless otherwise noted.

34. Section 210.1-01 is amended by adding the word “and” at the end of paragraph (a)(2), removing paragraph (a)(3), and redesignating paragraph (a)(4) as paragraph (a)(3).

35. Section 210.3-18 is amended by removing the authority citation following the section.

36. Section 210.3A-05 is removed in its entirety.

37. The authority citation for Part 229 continues to read, in part, as follows:

Authority: 15 U.S.C. 77e, 77f, 77g, 77h, 77j, 77k, 77s, 77z-2, 77z-3, 77aa(25), 77aa(26), 77ddd, 77eee, 77ggg, 77hhh, 77iii, 77jjj, 77nnn, 77sss, 78c, 78i, 78j, 78 l, 78m, 78n, 78n-1, 78o, 78u-5, 78w, 78 ll, 78mm, 80a-8, 80a-9, 80a-20, 80a-29, 80a-30, 80a-31(c), 80a-37, 80a-38(a), 80a-39, 80b-11, and 7201 et seq.; and 18 U.S.C. 1350, unless otherwise noted.

38. Section 229.405 is amended by revising the introductory text and removing the phrase “or section 17 of the Public Utility Holding Company Act” from paragraph (a)(1).

The revision reads as follows:

39. The authority citation for Part 230 is revised by removing the specific authority for § 230.473 to read, in part, as follows:

Authority: 15 U.S.C. 77b, 77c, 77d, 77f, 77g, 77h, 77j, 77r, 77s, 77z-3, 77sss, 78c, 78d, 78j, 78 l, 78m, 78n, 78o, 78t, 78w, 78 ll (d), 78mm, 80a-8, 80a-24, 80a-28, 80a-29, 80a-30, and 80a-37, unless otherwise noted.

40. Sections 230.122 and 230.176 are amended by removing the authority citations at the end of the sections.

41. The authority citation for Part 230, Regulation C, Registration, is revised by removing the specific authority for § 230.499 to read, in part, as follows:

Authority: Sections 230.400 to 230.499 issued under secs. 6, 8, 10, 19, 48 Stat. 78, 79, 81, and 85, as amended (15 U.S.C. 77f, 77h, 77j, 77s).

42. Sections 230.400, 230.404, 230.414, 230.421, 230.423, 230.427, 230.430, 230.431, 230.436, 230.460, 230.470, 230.471, and 230.479 are amended by removing the authority citations following the sections.

43. Section 230.412 is amended by removing the phrase “the Public Utility Holding Company Act of 1935,” from the second sentence in paragraph (b).

44. The authority citation for Part 230, Investment Companies; Business Development Companies, §§ 230.480 through 230.485 is removed. The source and note remain unchanged.

45. The authority citation for Part 232 continues to read, in part, as follows:

Authority: 15 U.S.C. 77f, 77g, 77h, 77j, 77s(a), 77z-3, 77sss(a), 78c(b), 78 l, 78m, 78n, 78o(d), 78w(a), 78 ll, 80a-6(c), 80a-8, 80a-29, 80a-30, 80a-37, and 7201 et seq.; and 18 U.S.C. 1350.

46. Section 232.11 is amended by removing the definition of the term “Public Utility Act.”

47. Section 232.101 is amended by removing and reserving paragraphs (c)(12), (c)(13), and (c)(14).

48. Section 232.102 is amended by removing the phrase “Rule 22 under the Public Utility Holding Company Act (§ 250.22 of this chapter),” from the second sentence of paragraph (a) and removing paragraph (f).

49. Section 232.104 is amended by removing the phrase “section 16 of the Public Utility Act ( 15 U.S.C. 79p),” from the first sentence of paragraph (d).

50. Section 232.201 is amended by removing the phrases “259.604,” and “259.601,” from note 1 to paragraph (a).

51. Section 232.202 is amended by removing the phrase “259.603,” from note 1 to § 232.202.

52. Section 232.306 is amended by removing the phrase “259.603,” from paragraphs (b) and (c).

53. Section 232.311 is amended by:

a. Removing paragraphs (c), (d), and (e); and redesignating paragraphs (f) through (i) as paragraphs (c) through (f);

b. In newly redesignated paragraph (e)(1), removing the phrases “259.604,” and “259.601,”; and

c. In newly redesignated paragraph (e)(2), removing the phrase “(a) through (g)” and adding in its place the phrase “(a) through (d)”.

54. Section 232.501 is amended by removing the phrase “Public Utility Act section 16 ( 15 U.S.C. 79p),” from paragraph (c)(2); and removing the phrase “the Public Utility Act” from the second sentence of paragraph (c)(3).

55. The authority for Part 239 is amended by revising the specific authority for §§ 239.63 and 239.64 to read as follows:

Authority: 15 U.S.C. 77f, 77g, 77h, 77j, 77s, 77z-2, 77z-3, 77sss, 78c, 78 l, 78m, 78n, 78o(d), 78u-5, 78w(a), 78 ll, 78mm, 80a-2(a), 80a-3, 80a-8, 80a-9, 80a-10, 80a-13, 80a-24, 80a-26, 80a-29, 80a-30, and 80-37, unless otherwise noted.

Sections 239.63 and 239.64 are also issued under 15 U.S.C. 77f, 77g, 77h, 77j, 77s(a), 77sss(a), 78c(b), 78 l, 78m, 78n, 78o(d), 78w(a), 80a-8, 80a-24, 80a-29, and 80a-37.

56. The authority for Part 240 is amended by revising the specific authorities for § 240.14d-1 and § 240.14e-2 to read as follows:

Authority: 15 U.S.C. 77c, 77d, 77g, 77j, 77s, 77z-2, 77z-3, 77eee, 77ggg, 77nnn, 77sss, 77ttt, 78c, 78d, 78e, 78f, 78g, 78i, 78j, 78j-1, 78k, 78k-1, 78 l, 78m, 78n, 78n-1, 78o, 78o-4, 78p, 78q, 78s, 78u-5, 78w, 78x, 78 ll, 78mm, 80a-20, 80a-23, 80a-29, 80a-37, 80b-3, 80b-4, 80b-11, and 7201 et seq.;18 U.S.C. 1350; 12 U.S.C. 5221(e)(3); and Pub. L. 111-203, § 939A, 124 Stat. 1376 (2010), unless otherwise noted.

Section 240.14d-1 is also issued under 15 U.S.C. 77g, 77j, 77s(a), 77ttt(a), 80a-37.

Section 240.14e-2 is also issued under 15 U.S.C. 77g, 77h, 77s(a), 77sss, 80a-37(a).

57. Section 240.0-4 is amended by removing the authority citation at the end of the section.

58. Section 240.11d1-1 is amended by removing the phrase “, or as a stockholder of a company distributing such security in order to effectuate the provisions of section 11 of the Public Utility Holding Company Act of 1935” from the first sentence of paragraph (d) and by removing the authority citation at the end of the section.

59. Section 240.13f-1 is amended by removing the phrase “13(f)(3) of the Act ( 15 U.S.C. 78m(f)(3))” from the second sentence of paragraph (c) and adding in its place the phrase “13(f)(4) of the Act (15 U.S.C. 78m(f)(4))”.

60. Sections 240.14d-4 and 240.14d-7 are amended by removing the authority citations following the end of each section.

61. Section 240.16a-1 is amended by removing paragraph (a)(5)(i) and redesignating paragraphs (a)(5)(ii) and (a)(5)(iii) as paragraphs (a)(5)(i) and (a)(5)(ii).

62. Section 240.16a-2 is amended by removing the phrase “section 17(a) of the Public Utility Holding Company Act of 1935 ( 15 U.S.C. 79q(a)) or” from the first sentence of the introductory text; and removing the phrase “Public Utility Holding Company Act of 1935 and the” from the third sentence of the introductory text.

63. Section 240.16a-3 is amended by removing the phrase “either section 17(a) of the Public Utility Holding Company Act of 1935 ( 15 U.S.C. 79q(a)) or” from paragraph (d).

64. Section 240.16b-1 is amended by removing the designation “(a)” from paragraph (a) and removing paragraph (b).

65. The authority for Part 243 continues to read as follows:

Authority: 15 U.S.C. 78c, 78i, 78j, 78o, 78w, 78mm, and 80a-29, unless otherwise noted.

66. Section 243.100 is amended by removing the phrase “13(f)(5) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78m(f)(5))” from paragraph (b)(1)(ii) and adding in its place the phrase “13(f)(6) of the Securities Exchange Act of 1934 (15 U.S.C. 78m(f)(6))”.

67. The authority for Part 249 continues to read, in part, as follows:

Authority: 15 U.S.C. 78a et seq. and 7201 et seq.; and 18 U.S.C. 1350, unless otherwise noted.

68. Amend Form 5 (referenced in § 249.105) by:

a. Removing “, except that a single statement shall be filed with respect to the securities of a registered public utility holding company and all of its subsidiary companies” from General Instruction 1(c).

b. Removing and reserving General Instruction 3(a)(ii).

Note—

The text of Form 5 does not and this amendment will not appear in the Code of Federal Regulations.

69. Part 250 is removed and reserved.

70. Part 251 is removed and reserved.

71. Part 256 is removed and reserved.

72. Part 257 is removed and reserved.

73. Part 259 is removed and reserved.

74. The authority citation for part 260 continues to read as follows:

Authority: 15 U.S.C. 77eee, 77ggg, 77nnn, 77sss, 77 ll (d), 80b-3, 80b-4, and 80b-11.

75. Sections 260.0-4, 260.0-6 and 260.7a-29 are amended by removing the authority citations at the end of the sections.

76. Section 260.19a-1 is amended by:

a. Removing the quotation marks before and after the phrase “file with the indenture trustee all reports required to be filed with the Commission pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934.”

b. Removing the phrase “77nn(a)(1)” and adding in its place the phrase “77nnn(a)(1)”.

77. The authority citation for part 270 continues to read, in part, as follows:

Authority: 15 U.S.C. 80a-1 et seq., 80a-34(d), 80a-37, and 80a-39, unless otherwise noted.

78. Sections 270.0-4 and 270.8b-32 are amended by removing the authority citations at the end of the sections.

79. The general authority for Part 274 continues to read, in part, as follows:

Authority: 15 U.S.C. 77f, 77g, 77h, 77j, 77s, 78c(b), 78l, 78m, 78n, 78o(d), 80a-8, 80a-24, 80a-26, and 80a-29, unless otherwise noted.

80. Amend Form 3 (referenced in §§ 249.103 and 274.202) by:

Note—

The text of Form 3 does not and this amendment will not appear in the Code of Federal Regulations.

a. Removing and reserving General Instructions 1(a)(iii) and 4(a)(ii).

b. Removing the phrase “, except that a single statement shall be filed with respect to the securities of a registered public utility holding company and all of its subsidiary companies” from General Instruction 2(c).

81. Amend Form 4 (referenced in §§ 249.104 and 274.203) by:

Note—

The text of Form 4 does not and this amendment will not appear in the Code of Federal Regulations.

a. Removing the phrase “, except that a single statement shall be filed with respect to the securities of a registered public utility holding company and all of its subsidiary companies” from General Instruction 1(c).

b. Removing and reserving General Instruction 3(a)(ii).

82. Amend the Form SE (referenced in §§ 239.64, 249.444, 269.8 and 274.403) by removing the phrase “the Public Utility Holding Company Act of 1935,” from Form SE General Instruction 1.A. and from the second sentence of Form SE General Instruction 1.B.

Note:

The text of Form SE does not and this amendment will not appear in the Code of Federal Regulations.

83. The authority citation for part 275 continues to read, in part, as follows:

Authority: 15 U.S.C. 80b-2(a)(11)(G), 80b-2(a)(11)(H), 80b-2(a)(17), 80b-3, 80b-4, 80b-4a, 80b-6(4), 80b-6a, and 80b-11, unless otherwise noted.

84. Section 275.0-4 is amended by removing the authority citation at the end of the section.