Submission for OMB Review; Comment Request, 35340-35341 [2020-12398]

Download as PDF 35340 Federal Register / Vol. 85, No. 111 / Tuesday, June 9, 2020 / Notices The RG, entitled ‘‘Guidance for a Technology-Inclusive, Risk-Informed, and Performance-Based Methodology to Inform the Licensing Basis and Content of Applications for Licenses, Certifications, and Approvals for NonLight Water Reactors,’’ endorses, with clarifications, the principles and methodology in the Nuclear Energy Institute (NEI) guidance document NEI 18–04, ‘‘Risk-Informed PerformanceBased Guidance for Non-Light Water Reactor Licensing Basis Development,’’ as one acceptable method for determining the appropriate scope and level of detail for parts of applications for licenses, certifications, and approvals for non-LWRs. NEI 18–04 outlines an approach for use by reactor developers to select licensing basis events; classify structures, systems, and components; determine special treatments and programmatic controls; and assess the adequacy of a design in terms of providing layers of defense in depth. These actions are fundamental to the safe design of non-LWRs. The methodology described in NEI 18–04 and the RG also provide a general methodology for identifying an appropriate scope and depth of information to be provided in applications to the NRC for licenses, certifications, and approvals for nonLWRs required under part 50 of title 10 of the Code of Federal Regulations (10 CFR), ‘‘Domestic Licensing of Production and Utilization Facilities,’’ and 10 CFR part 52, ‘‘Licenses, Certifications, and Approvals for Nuclear Power Plants.’’ II. Additional Information The NRC published a notice of the availability of DG–1353 in the Federal Register on May 3, 2019 (84 FR 19132), for a 60-day public comment period. The public comment period closed on July 2, 2019. Public comments on DG– 1353 and the staff responses to the public comments are available under ADAMS under Accession No. ML20091L696. jbell on DSKJLSW7X2PROD with NOTICES 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, Issue Finality, and Forward Fitting RG 1.233 provides guidance for informing the licensing basis and content of applications for non-LWRs. The RG does not constitute regulatory requirements. For this reason, the VerDate Sep<11>2014 23:08 Jun 08, 2020 Jkt 250001 issuance of RG 1.233 does not constitute backfitting as defined in 10 CFR 50.109, ‘‘Backfitting,’’ and as described in NRC Management Directive 8.4, ‘‘Management of Backfitting, Forward Fitting, Issue Finality, and Information Requests;’’ affect issue finality of any approval issued under 10 CFR part 52; or constitute forward fitting as defined in Management Directive 8.4. Future applicants may choose to follow the guidance or utilize another approach in developing applications for licenses, certifications, or approvals. Dated: June 3, 2020. For the Nuclear Regulatory Commission. Meraj Rahimi, Chief, Regulatory Guidance and Generic Issues Branch, Division of Engineering, Office of Nuclear Regulatory Research. [FR Doc. 2020–12402 Filed 6–8–20; 8:45 am] BILLING CODE 7590–01–P NUCLEAR REGULATORY COMMISSION [NRC–2020–0001] Sunshine Act Meetings FEDERAL REGISTER CITATION OF PREVIOUS ANNOUNCEMENT: 85 FR 34660, June 5, 2020. PREVIOUSLY ANNOUNCED TIME AND DATE OF THE MEETING: 2:30 p.m., Thursday, June 4, 2020. Cancelled: Affirmation Session—Entergy Nuclear Operations, Inc., Entergy Nuclear Generation Co., Holtec International, and Holtec Decommissioning International, LLC (Pilgrim Nuclear Power Station)—Petitions for Intervention. CHANGES IN THE MEETING: CONTACT PERSON FOR MORE INFORMATION: Denise McGovern at 301–415–0681 or via email at Denise.McGovern@nrc.gov. Dated: June 5, 2020. For the Nuclear Regulatory Commission. Denise L. McGovern Policy Coordinator, Office of the Secretary. [FR Doc. 2020–12591 Filed 6–5–20; 4:15 pm] BILLING CODE 7590–01–P SECURITIES AND EXCHANGE COMMISSION SEC File No. 270–598, OMB Control No. 3235–0655 Submission for OMB Review; Comment Request Upon Written Request Copies Available From: Securities and Exchange Commission, Office of FOIA Services, PO 00000 Frm 00086 Fmt 4703 Sfmt 4703 100 F Street NE, Washington, DC 20549–2736. Extension: Regulation 14N and Schedule 14N Notice is hereby given that, pursuant to the Paperwork Reduction Act of 1995 (44 U.S.C. 3501 et seq.), the Securities and Exchange Commission (‘‘Commission’’) has submitted to the Office of Management and Budget this request for extension of the previously approved collection of information discussed below. Schedule 14N (17 CFR 240.14n–101) requires the filing of certain information with the Commission by shareholders who submit a nominee or nominees for director pursuant to applicable state law, or a company’s governing documents. Schedule 14N provides notice to the company of the shareholder’s or shareholder group’s intent to have the company include the shareholder’s or shareholder group’s nominee or nominees for director in the company’s proxy materials. This information is intended to assist shareholders in making an informed voting decision with regards to any nominee or nominees put forth by a nominating shareholder or group, by allowing shareholders to gauge the nominating shareholder’s interest in the company, longevity of ownership, and intent with regard to continued ownership in the company. We estimate that Schedule 14N takes approximately 40 hours per response and will be filed by approximately 10 issuers annually. In addition, we estimate that 75% of the 40 hours per response (30 hours per response) is prepared by the issuer for an annual reporting burden of 300 hours (30 hours per response × 10 responses). An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless it displays a currently valid control number. The public may view background documentation for this information collection at the following website: www.reginfo.gov. Find this particular information collection by selecting ‘‘Currently under 30-day Review—Open for Public Comments’’ or by using the search function. Written comments and recommendations for the proposed information collection should be sent within 30 days of publication of this notice to (i) www.reginfo.gov/public/do/ PRAMain and (ii) David Bottom, Director/Chief Information Officer, Securities and Exchange Commission, c/o Cynthia Roscoe, 100 F Street NE, Washington, DC 20549, or by sending an email to: PRA_Mailbox@sec.gov. E:\FR\FM\09JNN1.SGM 09JNN1 Federal Register / Vol. 85, No. 111 / Tuesday, June 9, 2020 / Notices Dated: June 3, 2020. J. Matthew DeLesDernier, Assistant Secretary. [FR Doc. 2020–12398 Filed 6–8–20; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–89001; File No. SR– CboeEDGA–2020–015] Self-Regulatory Organizations; Cboe EDGA Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Allow Members and Clearing Members To Establish or Adjust the Risk Settings Set Forth in Interpretation and Policy .03 of Exchange Rule 11.10 on a Risk Group Identifier Basis June 3, 2020. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (the ‘‘Act’’),1 and Rule 19b–4 thereunder,2 notice is hereby given that on May 22, 2020, Cboe EDGA Exchange, Inc. (the ‘‘Exchange’’) filed with the Securities and Exchange Commission (the ‘‘Commission’’) the proposed rule change as described in Items I and II below, which Items have been prepared by the Exchange. The Exchange filed the proposal as a ‘‘non-controversial’’ proposed rule change pursuant to Section 19(b)(3)(A)(iii) of the Act 3 and Rule 19b–4(f)(6) thereunder.4 The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. jbell on DSKJLSW7X2PROD with NOTICES I. Self-Regulatory Organization’s Statement of the Terms of the Substance of the Proposed Rule Change Cboe EDGA Exchange, Inc. (‘‘EDGA’’ or the ‘‘Exchange’’) is filing with the Securities and Exchange Commission (the ‘‘Commission’’) a proposed rule change to allow Members and Clearing Members to establish or adjust the risk settings set forth in Interpretation and Policy .03 of Exchange Rule 11.10 on a risk group identifier basis. The text of the proposed rule change is provided in Exhibit 5. The text of the proposed rule change is also available on the Exchange’s website (https://markets.cboe.com/us/ equities/regulation/rule_filings/edga/), at the Exchange’s Office of the Secretary, and at the Commission’s Public Reference Room. 1 15 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 15 U.S.C. 78s(b)(3)(A)(iii). 4 17 CFR 240.19b–4(f)(6). 2 17 VerDate Sep<11>2014 23:08 Jun 08, 2020 Jkt 250001 II. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, the Exchange 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. The Exchange 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 Statutory Basis for, the Proposed Rule Change 1. Purpose The purpose of the proposed rule change is to offer Members 5 and Clearing Members 6 a more granular option to manage their credit risk in equity securities. Specifically, the Exchange proposes to allow Members and Clearing Members to establish a risk profile(s) on a risk group identifier basis that would apply the risk settings offered in Interpretation and Policy .03 of Exchange Rule 11.10 to a subset of orders. Recently, the Exchange adopted Interpretation and Policy .03 to Exchange Rule 11.10 which provides Members certain optional risk settings.7 As set forth in paragraph (a), the Exchange currently offers the Gross Credit Risk Limit 8 and Net Credit Risk Limit 9 that are applicable to a Member’s activities on the Exchange and are available to either the Member or its Clearing Member. Specifically, pursuant to paragraph (c), a Member that does not self-clear may allocate the responsibility 5 See Exchange Rule 1.5(n). ‘‘Clearing Member’’ refers to a Member that is also a member of a Qualified Clearing Agency and clears transactions on behalf of another Member. See Exchange Rule 11.13(a). 7 See Securities Exchange Act No. 88727 (April 22, 2020) 85 FR 23560 (April 28, 2020) (the ‘‘Original Filing’’). 8 The ‘‘Gross Credit Risk Limit’’ refers to a preestablished maximum daily dollar amount for purchases and sales across all symbols, where both purchases and sales are counted as positive values. For purposes of calculating the Gross Credit Risk Limit, only executed orders are included. See Interpretation and Policy .03(a)(1) of Exchange Rule 11.10. 9 The ‘‘Net Credit Risk Limit’’ refers to a preestablished maximum daily dollar amount for purchases and sales across all symbols, where purchases are counted as positive values and sales are counted as negative values. For purposes of calculating the Net Credit Risk Limit, only executed orders are included. See Interpretation and Policy .03(a)(2) of Exchange Rule 11.10. 6A PO 00000 Frm 00087 Fmt 4703 Sfmt 4703 35341 of establishing and adjusting the applicable risk settings to its Clearing Member. Further, paragraph (b)(1) provides that the risk limits may only be set at the market participant identifier (‘‘MPID’’) level. Now, the Exchange is proposing to amend paragraph (b)(1) to provide that the Gross Credit Risk Limit and Net Credit Risk Limit may be set at the MPID level or at a more granular risk profile level. The Exchange believes the proposed functionality will provide an effective tool for Members and Clearing Members to manage their credit risk associated with equities trading. As provided in the Original Filing, a Member can allocate responsibility for establishing and adjusting the applicable risk settings to its Clearing Member on an MPID basis via the Exchange’s web portal. The proposal would allow a Member or its Clearing Member, if allocated such responsibility, to utilize ‘‘Purge Ports’’ to apply Gross Credit Risk Limits and/ or Net Credit Risk Limits to more granular subsets of orders associated with the relevant MPID.10 The Exchange believes the proposal will allow for proactive and reactive risk management and may be useful to firms operating multiple strategies at a given time, those operating multiple groups under a single MPID with disparate risk profiles, or Sponsoring Members 11 managing risk on behalf of a Sponsored Participant.12 Specifically, Members or Clearing Members may assign a risk group identifier to a specific strategy, group, or Sponsored Participant and then set up a risk profile applicable to that risk group identifier. Without such functionality, the Member or its Clearing Member would only be able to manage risk at the MPID level. A ‘‘Purge Port’’ is a dedicated port that permits a User to simultaneously cancel all or a subset of its orders in one or more symbols across multiple logical 10 The risk group identifier is a subset level of an MPID. Members can use MPID and risk group identifier risk settings in conjunction. 11 See Exchange Rule 1.5(aa). 12 See Exchange Rule 1.5(z). As noted in the Original Filing, the Exchange does not guarantee that the proposed risk settings described in proposed Interpretation and Policy .03, are sufficiently comprehensive to meet all of a Member’s risk management needs. Pursuant to Rule 15c3–5 under the Act, a broker-dealer with market access must perform appropriate due diligence to assure that controls are reasonably designed to be effective, and otherwise consistent with the rule. Use of the Exchange’s risk settings included in proposed Interpretation and Policy .03 will not automatically constitute compliance with Exchange or federal rules and responsibility for compliance with all Exchange and SEC rules remains with the Member. See supra note 7. E:\FR\FM\09JNN1.SGM 09JNN1

Agencies

SECURITIES AND EXCHANGE COMMISSION

[Federal Register Volume 85, Number 111 (Tuesday, June 9, 2020)]
[Notices]
[Pages 35340-35341]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-12398]


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SECURITIES AND EXCHANGE COMMISSION

SEC File No. 270-598, OMB Control No. 3235-0655


Submission for OMB Review; Comment Request

Upon Written Request Copies Available From: Securities and Exchange 
Commission, Office of FOIA Services, 100 F Street NE, Washington, DC 
20549-2736.

Extension:
    Regulation 14N and Schedule 14N

    Notice is hereby given that, pursuant to the Paperwork Reduction 
Act of 1995 (44 U.S.C. 3501 et seq.), the Securities and Exchange 
Commission (``Commission'') has submitted to the Office of Management 
and Budget this request for extension of the previously approved 
collection of information discussed below.
    Schedule 14N (17 CFR 240.14n-101) requires the filing of certain 
information with the Commission by shareholders who submit a nominee or 
nominees for director pursuant to applicable state law, or a company's 
governing documents. Schedule 14N provides notice to the company of the 
shareholder's or shareholder group's intent to have the company include 
the shareholder's or shareholder group's nominee or nominees for 
director in the company's proxy materials. This information is intended 
to assist shareholders in making an informed voting decision with 
regards to any nominee or nominees put forth by a nominating 
shareholder or group, by allowing shareholders to gauge the nominating 
shareholder's interest in the company, longevity of ownership, and 
intent with regard to continued ownership in the company. We estimate 
that Schedule 14N takes approximately 40 hours per response and will be 
filed by approximately 10 issuers annually. In addition, we estimate 
that 75% of the 40 hours per response (30 hours per response) is 
prepared by the issuer for an annual reporting burden of 300 hours (30 
hours per response x 10 responses).
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information unless it displays a 
currently valid control number.
    The public may view background documentation for this information 
collection at the following website: www.reginfo.gov. Find this 
particular information collection by selecting ``Currently under 30-day 
Review--Open for Public Comments'' or by using the search function. 
Written comments and recommendations for the proposed information 
collection should be sent within 30 days of publication of this notice 
to (i) www.reginfo.gov/public/do/PRAMain and (ii) David Bottom, 
Director/Chief Information Officer, Securities and Exchange Commission, 
c/o Cynthia Roscoe, 100 F Street NE, Washington, DC 20549, or by 
sending an email to: [email protected].


[[Page 35341]]


    Dated: June 3, 2020.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-12398 Filed 6-8-20; 8:45 am]
BILLING CODE 8011-01-P

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