Virtual Public Board Meeting To Review the U.S. Department of Energy's Activities To Evaluate Advanced Nuclear Fuels, 24417-24418 [2021-08230]
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Federal Register / Vol. 86, No. 86 / Thursday, May 6, 2021 / Notices
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Dated: April 30, 2021.
Suzanne H. Plimpton,
Reports Clearance Officer, National Science
Foundation.
[FR Doc. 2021–09536 Filed 5–5–21; 8:45 am]
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Suzanne H. Plimpton,
Reports Clearance Officer, National Science
Foundation.
[FR Doc. 2021–09599 Filed 5–5–21; 8:45 am]
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NUCLEAR WASTE TECHNICAL
REVIEW BOARD
Virtual Public Board Meeting To
Review the U.S. Department of
Energy’s Activities To Evaluate
Advanced Nuclear Fuels
Board meeting: May 12–13, 2021—
The U.S. Nuclear Waste Technical
Review Board will hold a virtual public
meeting to review information on the
U.S. Department of Energy’s (DOE)
activities to evaluate advanced nuclear
fuels including accident tolerant fuels
for light water reactors and the impact
of these fuels on spent nuclear fuel
management and disposal.
PO 00000
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24417
Pursuant to its authority under
section 5051 of Public Law 100–203,
Nuclear Waste Policy Amendments Act
(NWPAA) of 1987, the U.S. Nuclear
Waste Technical Review Board will
hold a virtual public meeting on
Wednesday, May 12, 2021, and
Thursday, May 13, 2021, to review
information on the U.S. Department of
Energy’s (DOE) activities to evaluate
advanced nuclear fuels including
accident tolerant fuels for light water
reactors and the impact of these fuels on
spent nuclear fuel (SNF) management
and disposal.
The meeting will begin on both days
at 12:00 p.m. Eastern Daylight Time
(EDT) and is scheduled to adjourn at
5:00 p.m. EDT on both days. On May 12,
speakers representing the DOE Office of
Nuclear Energy and the national
laboratories conducting the work for
DOE will report on DOE’s activities to
support and evaluate these fuels both
prior to, and after, their use in nuclear
reactors. Speakers will describe DOE’s
program, including its purpose, scope,
goals, and technical approach for
obtaining information that may be
needed for managing the advanced
nuclear fuels including accident tolerant
fuels once removed from the reactors
and disposing of the SNF. A
representative from the nuclear industry
will also discuss efforts to develop new
metallic fuel for light water reactors.
Speakers from the U.S. Nuclear
Regulatory Commission will describe
their plans and progress to assess the
regulatory implications of accident
tolerant fuels and their potential impact
on storage, transportation, and disposal.
On May 13, speakers from Switzerland,
Sweden, and the United Kingdom will
describe their respective efforts to
address the introduction and use of
advanced nuclear fuels including
accident tolerant fuels for light water
reactors and the impact of these fuels on
SNF management and disposal. The
meeting will end with a panel
discussion of speakers from both days of
the meeting. A detailed meeting agenda
will be available on the Board’s website
at www.nwtrb.gov approximately one
week before the meeting.
The meeting will be open to the
public, and opportunities for public
comment will be provided. Details on
how to submit public comments during
the meeting will be provided on the
Board’s website along with the details
for viewing the meeting. A limit may be
set on the time allowed for the
presentation of individual remarks.
However, written comments of any
length may be submitted to the Board
staff by mail or electronic mail. All
comments received in writing will be
E:\FR\FM\06MYN1.SGM
06MYN1
24418
Federal Register / Vol. 86, No. 86 / Thursday, May 6, 2021 / Notices
included in the meeting record, which
will be posted on the Board’s website
after the meeting. An archived recording
of the meeting will be available on the
Board’s website following the meeting.
The transcript of the meeting will be
available on the Board’s website by July
12, 2021.
The Board was established in the
Nuclear Waste Policy Amendments Act
of 1987 as an independent federal
agency in the Executive Branch to
evaluate the technical and scientific
validity of DOE activities related to the
management and disposal of SNF and
high-level radioactive waste, and to
provide objective expert advice to
Congress and the Secretary of Energy on
these issues. Board members are experts
in their fields and are appointed to the
Board by the President from a list of
candidates submitted by the National
Academy of Sciences. The Board reports
its findings, conclusions, and
recommendations to Congress and the
Secretary of Energy. All Board reports,
correspondence, congressional
testimony, and meeting transcripts and
related materials are posted on the
Board’s website.
For information on the meeting
agenda, contact Bret Leslie: leslie@
nwtrb.gov or Jo Jo Lee: lee@nwtrb.gov.
For information on logistics, or to
request copies of the meeting agenda or
transcript, contact Davonya Barnes:
barnes@nwtrb.gov. All three may be
reached by mail at 2300 Clarendon
Boulevard, Suite 1300, Arlington, VA
22201–3367; by telephone at 703–235–
4473; or by fax at 703–235–4495.
Dated: April 16, 2021.
Nigel Mote,
Executive Director, U.S. Nuclear Waste
Technical Review Board.
[FR Doc. 2021–08230 Filed 5–5–21; 8:45 am]
BILLING CODE 6820–AM–P
SECURITIES AND EXCHANGE
COMMISSION
khammond on DSKJM1Z7X2PROD with NOTICES
[Release No. 34–91736; File No. SR–DTC–
2021–007]
Self-Regulatory Organizations; The
Depository Trust Company; Notice of
Filing and Immediate Effectiveness of
a Proposed Rule Change To Update
the DTC Corporate Actions
Distributions Service Guide
April 30, 2021.
Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934
(‘‘Act’’) 1 and Rule 19b–4 thereunder,2
1 15
2 17
U.S.C. 78s(b)(1).
CFR 240.19b–4.
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16:49 May 05, 2021
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notice is hereby given that on April 20,
2021, The Depository Trust Company
(‘‘DTC’’) filed with the Securities and
Exchange Commission (‘‘Commission’’)
the proposed rule change as described
in Items I, II and III below, which Items
have been prepared by the clearing
agency. DTC filed the proposed rule
change pursuant to Section 19(b)(3)(A)
of the Act 3 and Rule 19b–4(f)(4)
thereunder.4 The Commission is
publishing this notice to solicit
comments on the proposed rule change
from interested persons.
I. Clearing Agency’s Statement of the
Terms of Substance of the Proposed
Rule Change
The proposed rule change consists of
changes to the rules of DTC (‘‘Rules’’),
as described in greater detail below.5
II. Clearing Agency’s Statement of the
Purpose of, and Statutory Basis for, the
Proposed Rule Change
In its filing with the Commission, the
clearing agency 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
clearing agency has prepared
summaries, set forth in sections A, B,
and C below, of the most significant
aspects of such statements.
(A) Clearing Agency’s Statement of the
Purpose of, and Statutory Basis for, the
Proposed Rule Change
1. Purpose
This proposed rule change would
update the DTC Corporate Actions
Distributions Service Guide
(‘‘Distributions Guide’’) to (i) direct
Participants to use DTC’s
ClaimConnectTM service instead of
DTC’s Adjustment Payment Order
(‘‘APO’’) service to make manual,
Participant-to-Participant, cash
adjustment claims to principle and
interest (‘‘P&I’’) payments on stock loan
and repurchase agreement (‘‘repo’’)
positions (hereinafter, ‘‘manual
adjustments’’), and (ii) correct a
misspelled word in the Distributions
Guide.
Currently, the APO service is used,
among other things, to make manual
adjustments. A manual adjustment is
one that is initiated by one of the parties
(i.e., a Participant) to a stock loan or
3 15
U.S.C. 78s(b)(3)(A).
CFR 240.19b–4(f)(4).
5 Terms not defined herein are defined in the
Rules, available at https://dtcc.com/∼/media/Files/
Downloads/legal/rules/dtc_rules.pdf.
4 17
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Frm 00041
Fmt 4703
Sfmt 4703
repo against the other party (i.e., another
Participant), as compared to an
automated adjustment made directly by
DTC. A manual adjustment can be
necessary where, for example, there is a
transaction discrepancy with the stock
loan or repo, or an agreement between
the parties provides for an adjustment
unknown to DTC. The parties can settle
the adjustment away from DTC or one
of the parties can submit a manual
adjustment via the APO service.
Unfortunately, manual processing of
adjustments via the APO service is
subject to a number of shortcomings.
For example, the adjustments are not
subject to DTC’s risk controls,6 which
can unexpectedly subject the receiving
party to the value of the adjustment; 7
they lack a unique identifier, which can
make reconciling claims difficult; there
is no automated notification process, so
Participants need to actively monitor for
manual adjustments; there is no
dashboard where Participants can see
all of their adjustments, nor is there
reporting or search capabilities on
adjustments; only one party to the stock
loan or repo can submit a manual
adjustment at a time; and there is not a
validation or matching process, which
means the parties often need to submit
multiple adjustments between each
other before reaching final agreement.
To address these shortcomings and
others, DTC proposes to no longer allow
Participants to use the APO service to
make manual adjustments. Instead,
Participants would be directed to use
ClaimConnect in order to continue to
make manual adjustments through DTC.
ClaimConnect was established in
2020 8 as an optional DTC service that
enables Participants to bilaterally match
and settle cash claim transactions
through DTC.9 More specifically,
6 DTC’s risk management systems are designed to
mitigate credit and market risk by monitoring, in
real time, the projected settlement activity of
Participants, including intraday application of the
Collateral Monitor and Net Debit Cap. These two
controls work together to protect the DTC
settlement system in the event of a Participant
default. The Collateral Monitor requires net debit
settlement obligations, as they accrue intraday, to
be fully collateralized. Meanwhile, the Net Debit
Cap limits the amount of any Participant’s net debit
settlement obligation to the amount that can be
satisfied with DTC liquidity resources (i.e., the
Participants Fund and the committed line of credit
from a consortium of lenders).
7 Although manual adjustments are not subject to
DTC’s risk controls, the potential debit or credit
value that a party could be unexpectedly subject to
is limited to only the value of the adjustment,
which is relatively small compared to Participants’
end-of-day net settlement amounts.
8 See Securities Exchange Act Release No. 90481
(November 23, 2020), 85 FR 76640 (November 30,
2020) (SR–DTC–2020–012).
9 See ClaimConnect Service Guide available at
https://www.dtcc.com/-/media/Files/Downloads/
E:\FR\FM\06MYN1.SGM
06MYN1
Agencies
[Federal Register Volume 86, Number 86 (Thursday, May 6, 2021)]
[Notices]
[Pages 24417-24418]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-08230]
=======================================================================
-----------------------------------------------------------------------
NUCLEAR WASTE TECHNICAL REVIEW BOARD
Virtual Public Board Meeting To Review the U.S. Department of
Energy's Activities To Evaluate Advanced Nuclear Fuels
Board meeting: May 12-13, 2021--The U.S. Nuclear Waste Technical
Review Board will hold a virtual public meeting to review information
on the U.S. Department of Energy's (DOE) activities to evaluate
advanced nuclear fuels including accident tolerant fuels for light
water reactors and the impact of these fuels on spent nuclear fuel
management and disposal.
Pursuant to its authority under section 5051 of Public Law 100-203,
Nuclear Waste Policy Amendments Act (NWPAA) of 1987, the U.S. Nuclear
Waste Technical Review Board will hold a virtual public meeting on
Wednesday, May 12, 2021, and Thursday, May 13, 2021, to review
information on the U.S. Department of Energy's (DOE) activities to
evaluate advanced nuclear fuels including accident tolerant fuels for
light water reactors and the impact of these fuels on spent nuclear
fuel (SNF) management and disposal.
The meeting will begin on both days at 12:00 p.m. Eastern Daylight
Time (EDT) and is scheduled to adjourn at 5:00 p.m. EDT on both days.
On May 12, speakers representing the DOE Office of Nuclear Energy and
the national laboratories conducting the work for DOE will report on
DOE's activities to support and evaluate these fuels both prior to, and
after, their use in nuclear reactors. Speakers will describe DOE's
program, including its purpose, scope, goals, and technical approach
for obtaining information that may be needed for managing the advanced
nuclear fuels including accident tolerant fuels once removed from the
reactors and disposing of the SNF. A representative from the nuclear
industry will also discuss efforts to develop new metallic fuel for
light water reactors. Speakers from the U.S. Nuclear Regulatory
Commission will describe their plans and progress to assess the
regulatory implications of accident tolerant fuels and their potential
impact on storage, transportation, and disposal. On May 13, speakers
from Switzerland, Sweden, and the United Kingdom will describe their
respective efforts to address the introduction and use of advanced
nuclear fuels including accident tolerant fuels for light water
reactors and the impact of these fuels on SNF management and disposal.
The meeting will end with a panel discussion of speakers from both days
of the meeting. A detailed meeting agenda will be available on the
Board's website at www.nwtrb.gov approximately one week before the
meeting.
The meeting will be open to the public, and opportunities for
public comment will be provided. Details on how to submit public
comments during the meeting will be provided on the Board's website
along with the details for viewing the meeting. A limit may be set on
the time allowed for the presentation of individual remarks. However,
written comments of any length may be submitted to the Board staff by
mail or electronic mail. All comments received in writing will be
[[Page 24418]]
included in the meeting record, which will be posted on the Board's
website after the meeting. An archived recording of the meeting will be
available on the Board's website following the meeting. The transcript
of the meeting will be available on the Board's website by July 12,
2021.
The Board was established in the Nuclear Waste Policy Amendments
Act of 1987 as an independent federal agency in the Executive Branch to
evaluate the technical and scientific validity of DOE activities
related to the management and disposal of SNF and high-level
radioactive waste, and to provide objective expert advice to Congress
and the Secretary of Energy on these issues. Board members are experts
in their fields and are appointed to the Board by the President from a
list of candidates submitted by the National Academy of Sciences. The
Board reports its findings, conclusions, and recommendations to
Congress and the Secretary of Energy. All Board reports,
correspondence, congressional testimony, and meeting transcripts and
related materials are posted on the Board's website.
For information on the meeting agenda, contact Bret Leslie:
[email protected] or Jo Jo Lee: [email protected]. For information on
logistics, or to request copies of the meeting agenda or transcript,
contact Davonya Barnes: [email protected]. All three may be reached by
mail at 2300 Clarendon Boulevard, Suite 1300, Arlington, VA 22201-3367;
by telephone at 703-235-4473; or by fax at 703-235-4495.
Dated: April 16, 2021.
Nigel Mote,
Executive Director, U.S. Nuclear Waste Technical Review Board.
[FR Doc. 2021-08230 Filed 5-5-21; 8:45 am]
BILLING CODE 6820-AM-P