Subject: File No. S7-07-12
From: Eric A De La Pena
Affiliation: BSIS

February 27, 2013

WASHINGTON #151 Comptroller of the Currency Thomas J. Curry today discussed the benefits and strength of public welfare investment authority during a speech before the National Association of Affordable Housing Lenders. National banks and federal savings associations have used the authority to foster innovation and complement other programs designed to support community development.
funds, investment funds, managed funds, or simply funds (note: mutual fund has a specific meaning in the US). Around the world large markets have developed around collective investment and these account for a substantial portion of all trading on major stock exchanges.An ombudsman is an official, usually appointed by the government or by parliament but with a significant degree of independence, who is charged with representing the interests of the public by investigating and addressing complaints of maladministration or violation of rights. In some countries an Inspector General, Citizen Advocate or other official may have duties similar to those of a national ombudsman, and may also be appointed by the legislature. Below the national level an ombudsman may be appointed by a state, local or municipal government, and unofficial ombudsmen may be appointed by, or even work for, a corporation such as a utility supplier or a newspaper, for an NGO, or for a professional regulatory body.The office of ombudsman, or Commissioner for Human Rights, in Ukraine was instituted in 1998. Valeriya Lutkovska was elected to the office for a five-year term by secret ballot in the Ukrainian Parliament on 24 April 2012. Under Article 55 of the 1996 Constitution, "Everyone has the right to appeal for the protection of his her rights to the Ukrainian Parliament Commissioner for Human Rights". Article 101 provides "The Ukrainian Parliament Commissioner for Human Rights exercises parliamentary control over the observance of constitutional human and citizens rights and freedoms." The legal basis of the office, which is also Ukraine's national human rights institution, is set out in Law 767/97, which refers to the office as the "Authorised Human Rights Representative" of the Parliament.The Russian Federation's Commissioner for Human Rights (ombudsman) position is currently held by Vladimir Lukin. The Commissioner is appointed for a fixed term by the Parliament. The ombudsman cannot be dismissed before the end of his term, and is not subordinate to any body of power, including the President or the Government

(Attached File #1: s70712-231.pdf)