International Product Change-GEPS 11 Contracts, 18591-18592 [2019-08769]
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Federal Register / Vol. 84, No. 84 / Wednesday, May 1, 2019 / Notices
Dated at Rockville, Maryland, this 26th day
of April, 2019. For the Nuclear Regulatory
Commission.
David C. Cullison,
NRC Clearance Officer, Office of the Chief
Information Officer.
[FR Doc. 2019–08814 Filed 4–30–19; 8:45 am]
BILLING CODE 7590–01–P
NUCLEAR REGULATORY
COMMISSION
[NRC–2017–0237]
Criteria for Accident Monitoring
Instrumentation for Nuclear Power
Plants
Nuclear Regulatory
Commission.
ACTION: Regulatory guide; issuance.
AGENCY:
The U.S. Nuclear Regulatory
Commission (NRC) is issuing Revision 5
to Regulatory Guide (RG) 1.97, ‘‘Criteria
for Accident Monitoring
Instrumentation for Nuclear Power
Plants.’’ This guide describes an
approach that is acceptable to the staff
of the NRC to meet regulatory
requirements for instrumentation to
monitor accidents in nuclear power
plants. It endorses, with exceptions and
clarifications, the Institute of Electrical
and Electronic Engineers (IEEE)
Standard (Std.) 497–2016, ‘‘IEEE
Standard Criteria for Accident
Monitoring Instrumentation for Nuclear
Power Generating Stations.’’
DATES: Revision 5 to RG 1.97 is available
on May 1, 2019.
ADDRESSES: Please refer to Docket ID
NRC–2017–0237 when contacting the
NRC about the availability of
information regarding this document.
You may obtain publicly-available
information related to this document
using any of the following methods:
• Federal Rulemaking website: Go to
https://www.regulations.gov and search
for Docket ID NRC–2017–0237. Address
questions about NRC docket IDs to
Jennifer Borges; telephone: 301–287–
9127; email: Jennifer.Borges@nrc.gov.
For technical questions, contact the
individuals listed in the FOR FURTHER
INFORMATION CONTACT section of this
document.
• NRC’s Agencywide Documents
Access and Management System
(ADAMS): You may obtain publicly
available documents online in the
ADAMS Public Document collection at
https://www.nrc.gov/reading-rm/
adams.html. To begin the search, select
‘‘Begin Web-based ADAMS Search.’’ For
problems with ADAMS, contact the
NRC’s Public Document Room (PDR)
reference staff at 1–800–397–4209, 301–
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SUMMARY:
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415–4737, or by email to pdr.resource@
nrc.gov. Revision 5 to RG 1.97 and the
regulatory analysis may be found in
ADAMS under Accession Nos.
ML18136A762 and ML17083A133,
respectively. Regulatory guides are not
copyrighted, and NRC approval is not
required to reproduce them.
• NRC’s PDR: You may examine and
purchase copies of public documents at
the NRC’s PDR, Room O1–F21, One
White Flint North, 11555 Rockville
Pike, Rockville, Maryland 20852.
FOR FURTHER INFORMATION CONTACT:
Pong Chung, telephone: 301–415–2363,
email: Pong.Chung@nrc.gov and
Stephen Burton, telephone: 301–415–
7000, email: Stephen.Burton@nrc.gov.
Both are staff of the Office of Nuclear
Regulatory Research at the U.S. Nuclear
Regulatory Commission, Washington,
DC 20555–0001.
SUPPLEMENTARY INFORMATION:
I. Discussion
The NRC is issuing a revision to an
existing guide in the NRC’s ‘‘Regulatory
Guide’’ series. This series was
developed to describe and make
available to the public information
regarding methods that are acceptable to
the NRC staff for implementing specific
parts of the agency’s regulations,
techniques that the NRC staff uses in
evaluating specific issues or postulated
events, and data that the NRC staff
needs in its review of applications for
permits and licenses.
Revision 5 of RG 1.97 was issued with
a temporary identification of Draft
Regulatory Guide, DG–1335 (ADAMS
Accession No. ML17083A134). The staff
is issuing Revision 5 of RG 1.97 to
endorse IEEE Std. 497–2016 ‘‘Criteria
for Accident Monitoring
Instrumentation for Nuclear Power
Plants,’’ with exceptions and
clarifications. Revision 5 also makes
further clarifying revisions by expressly
expanding the applicability of RG 1.97
to holders of, or applicants for, power
reactor design certifications or
combined licenses under part 52 of title
10 of the Code of Federal Regulations
(10 CFR), and by adding references to
the NRC’s 10 CFR part 52 regulations
and related NRC guidance documents.
II. Additional Information
The NRC published a notice of the
availability of DG–1335 in the Federal
Register on December 26, 2017 (82 FR
61043) for a 60-day public comment
period. The public comment period
closed on February 26, 2018. Public
comments on DG–1335 and the staff
responses to the public comments are
available in ADAMS under Accession
No. ML18136A761.
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18591
III. Congressional Review Act
This RG is a rule as defined in the
Congressional Review Act (5 U.S.C.
801–808). However, the Office of
Management and Budget has not found
it to be a major rule as defined in the
Congressional Review Act.
IV. Backfitting and Issue Finality
As discussed in the ‘‘Implementation’’
section of Revision 5 to RG 1.97, the
NRC has no current intention to impose
this draft regulatory guide on holders of
current operating licenses or combined
licenses. Revision 5 to RG 1.97 would
endorse, with certain exceptions and
clarifications, the 2016 revision of IEEE
Std. 497, which contains a more
technology-neutral approach and brings
current guidance more in line with
related international standards. This
Revision introduces a new set of
variables for parameters that may be
monitored when following severe
accident management guidelines.
Applicants and licensees may
voluntarily use the guidance in Revision
5 to RG 1.97 to demonstrate compliance
with the underlying NRC regulations.
Current licensees may continue to use
guidance the NRC found previously
acceptable for complying with the
identified regulations as long as their
current licensing basis remains
unchanged. As such, this regulatory
guide would not constitute backfitting
as defined in 10 CFR 50.109 (the Backfit
Rule) and is not otherwise inconsistent
with the issue finality provisions in 10
CFR part 52, ‘‘Licenses, Certifications
and Approvals for Nuclear Power
Plants.’’
Dated at Rockville, Maryland, on April 25,
2019.
For the Nuclear Regulatory Commission.
Thomas H. Boyce,
Chief, Regulatory Guidance and Generic
Issues Branch, Division of Engineering, Office
of Nuclear Regulatory Research.
[FR Doc. 2019–08819 Filed 4–30–19; 8:45 am]
BILLING CODE 7590–01–P
POSTAL SERVICE
International Product Change—GEPS
11 Contracts
Postal ServiceTM.
ACTION: Notice.
AGENCY:
The Postal Service gives
notice of filing a request with the Postal
Regulatory Commission to add Global
Expedited Package Services 11 to the
Competitive Products List.
DATES: Date of notice: May 1, 2019.
SUMMARY:
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18592
Federal Register / Vol. 84, No. 84 / Wednesday, May 1, 2019 / Notices
FOR FURTHER INFORMATION CONTACT:
Christopher C. Meyerson, (202) 268–
7820.
SUPPLEMENTARY INFORMATION: The
United States Postal Service® hereby
gives notice that, pursuant to 39 U.S.C.
3642, on April 24, 2019, it filed with the
Postal Regulatory Commission a Request
of The United States Postal Service to
add Global Expedited Package Services
11 to the Competitive Products List.
Documents are available at
www.prc.gov, Docket Nos. MC2019–132
and CP2019–142.
Christopher C. Meyerson
Attorney, Corporate and Postal Business Law.
[FR Doc. 2019–08769 Filed 4–30–19; 8:45 am]
BILLING CODE 7710–12–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–85715; File No. SR–FINRA–
2019–012]
Self-Regulatory Organizations;
Financial Industry Regulatory
Authority, Inc.; Notice of Filing of a
Proposed Rule Change To Amend
FINRA Rule 5110 (Corporate Financing
Rule—Underwriting Terms and
Arrangements) To Make Substantive,
Organizational and Terminology
Changes
April 25, 2019.
jbell on DSK30RV082PROD with NOTICES
Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934
(‘‘Act’’) 1 and Rule 19b–4 thereunder,2
notice is hereby given that on April 11,
2019, Financial Industry Regulatory
Authority, Inc. (‘‘FINRA’’) filed with the
Securities and Exchange Commission
(‘‘SEC’’ or ‘‘Commission’’) the proposed
rule change as described in Items I, II,
and III below, which Items have been
prepared by FINRA. The Commission is
publishing this notice to solicit
comments on the proposed rule change
from interested persons.
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
FINRA is proposing to amend FINRA
Rule 5110 (Corporate Financing Rule—
Underwriting Terms and Arrangements)
(the ‘‘Rule’’) to make substantive,
organizational and terminology changes
to the Rule. The proposed rule change
is intended to modernize Rule 5110 and
to simplify and clarify its provisions
while maintaining important
protections for market participants,
including issuers and investors
1 15
2 17
U.S.C. 78s(b)(1).
CFR 240.19b–4.
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participating in offerings. The proposed
rule change would also update crossreferences and make other nonsubstantive changes within FINRA rules
due to the proposed amendments to
Rule 5110.
The text of the proposed rule change
is available on FINRA’s website at
https://www.finra.org, at the principal
office of FINRA and at the
Commission’s Public Reference Room.
II. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
In its filing with the Commission,
FINRA included statements concerning
the purpose of and basis for the
proposed rule change and discussed any
comments it received on the proposed
rule change. The text of these statements
may be examined at the places specified
in Item IV below. FINRA has prepared
summaries, set forth in sections A, B,
and C below, of the most significant
aspects of such statements.
A. Self-Regulatory Organization’s
Statement of the Purpose of, and the
Statutory Basis for, the Proposed Rule
Change
1. Purpose
The ability of small and large
businesses to raise capital efficiently is
critical to job creation and economic
growth. Since its adoption in 1992 in
response to persistent problems with
underwriters dealing unfairly with
issuers, Rule 5110 has played an
important role in the capital raising
process by prohibiting unfair
underwriting terms and arrangements in
connection with the public offering of
securities. Moreover, Rule 5110
continues to be important to ensuring
investor protection and market integrity
through effective and efficient
regulation that facilitates vibrant capital
markets.
Rule 5110 requires a member that
participates in a public offering to file
documents and information with FINRA
about the underwriting terms and
arrangements.3 FINRA’s Corporate
Financing Department (‘‘Department’’)
reviews this information prior to the
commencement of the offering to
3 The following are examples of public offerings
that are routinely filed: (1) Initial public offerings
(‘‘IPOs’’); (2) follow-on offerings; (3) shelf offerings;
(4) rights offerings; (5) offerings by direct
participation programs (‘‘DPPs’’) as defined in
FINRA Rule 2310(a)(4) (Direct Participation
Programs); (6) offerings by real estate investment
trusts (‘‘REITs’’); (7) offerings by a bank or savings
and loan association; (8) exchange offerings; (9)
offerings pursuant to SEC Regulation A; and (10)
offerings by closed-end funds.
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determine whether the underwriting
compensation and other terms and
arrangements meet the requirements of
the applicable FINRA rules.4
Rule 5110 was last revised in 2004 to
better reflect the various financial
activities of multi-service members.5
After years of experience with those
amendments, and subsequent narrower
amendments that addressed industry
practices regarding particular
underwriting terms and arrangements,
FINRA recently conducted the
equivalent of a retrospective review 6 to
further modernize the Rule by, among
other things, significantly improving the
administration of the Rule and
simplifying the Rule’s provisions while
maintaining important protections for
market participants, including issuers
and investors participating in offerings.
As part of this retrospective review,
FINRA engaged in extensive
consultation with the industry to better
understand what aspects of the Rule
needed to be modernized, simplified
and clarified. This retrospective review,
including its industry consultation
component and comments FINRA
received in response to Regulatory
Notice 17–15 (April 2017) (‘‘Notice 17–
15 Proposal’’) (as further discussed in
Items II.B. and II.C. infra), has shaped
and informed this proposed rule change.
The proposed rule change includes a
range of amendments to Rule 5110,
including reorganizing and improving
the readability of the Rule. FINRA
proposes changes to the following areas:
(1) Filing requirements; (2) filing
requirements for shelf offerings; (3)
exemptions from filing and substantive
requirements; (4) underwriting
4 FINRA does not approve or disapprove an
offering; rather, the review relates solely to the
FINRA rules governing underwriting terms and
arrangements and does not purport to express any
determination of compliance with any federal or
state laws, or other regulatory or self-regulatory
requirements regarding the offering. A member may
proceed with a public offering only if FINRA has
provided an opinion that it has no objection to the
proposed underwriting terms and arrangements.
See current Rule 5110(b)(4)(B)(ii). See also
proposed Rule 5110(a)(1)(C)(ii).
5 In recognition of the expansion in the variety of
services provided by members to their corporate
financing clients, such as venture capital
investment, financial consulting, commercial
lending, hedging risk through derivative
transactions and investment banking services, the
Rule was revised in 2004 to accommodate the
expanded corporate financing activities of
members, while protecting issuers and investors
from unreasonable or coercive practices. See
Securities Exchange Act Release No. 48989
(December 23, 2003), 68 FR 75684 (December 31,
2003) (Order Approving File No. SR–NASD–2000–
04). See also Notice to Members 04–13 (February
2004).
6 Because the review began before FINRA
initiated formal retrospective review procedures, it
did not follow the specific procedures that are now
followed.
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]]>Agencies
[Federal Register Volume 84, Number 84 (Wednesday, May 1, 2019)]
[Notices]
[Pages 18591-18592]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-08769]
=======================================================================
-----------------------------------------------------------------------
POSTAL SERVICE
International Product Change--GEPS 11 Contracts
AGENCY: Postal ServiceTM.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: The Postal Service gives notice of filing a request with the
Postal Regulatory Commission to add Global Expedited Package Services
11 to the Competitive Products List.
DATES: Date of notice: May 1, 2019.
[[Page 18592]]
FOR FURTHER INFORMATION CONTACT: Christopher C. Meyerson, (202) 268-
7820.
SUPPLEMENTARY INFORMATION: The United States Postal Service[supreg]
hereby gives notice that, pursuant to 39 U.S.C. 3642, on April 24,
2019, it filed with the Postal Regulatory Commission a Request of The
United States Postal Service to add Global Expedited Package Services
11 to the Competitive Products List. Documents are available at
www.prc.gov, Docket Nos. MC2019-132 and CP2019-142.
Christopher C. Meyerson
Attorney, Corporate and Postal Business Law.
[FR Doc. 2019-08769 Filed 4-30-19; 8:45 am]
BILLING CODE 7710-12-P
