77280 Federal Register / Vol. 85, No. 231 / Tuesday, December 1, 2020 / Notices 

potential 10 CFR part 50 and/or part 52 

licensing actions and related activities, 

submission dates, and plans for 

construction and inspection activities. 

The overarching goal of this information 

collection is to assist the NRC staff more 

effectively and efficiently plan, 

schedule, and implement activities and 

reviews in a timely manner. 

III. Specific Requests for Comments 

The NRC is seeking comments that 

address the following questions: 

1. Is the proposed collection of 

information necessary for the NRC to 

properly perform its functions? Does the 

information have practical utility? 

2. Is the estimate of the burden of the 

information collection accurate? 

3. Is there a way to enhance the 

quality, utility, and clarity of the 

information to be collected? 

4. How can the burden of the 

information collection on respondents 

be minimized, including the use of 

automated collection techniques or 

other forms of information technology? 

Dated: November 25, 2020. 

For the Nuclear Regulatory Commission. 

David C. Cullison, 

NRC Clearance Officer, Office of the Chief 

Information Officer. 

[FR Doc. 2020–26449 Filed 11–30–20; 8:45 am] 

BILLING CODE 7590–01–P 

NUCLEAR REGULATORY 

COMMISSION 

[NRC–2020–0227] 

Operator Licensing Examination 

Standards for Power Reactors 

AGENCY: Nuclear Regulatory 

Commission. 

ACTION: Draft NUREG; request for 

comment. 

SUMMARY: The U.S. Nuclear Regulatory 

Commission (NRC) is issuing for public 

comment a draft NUREG, NUREG–1021, 

Revision 12, ‘‘Operator Licensing 

Examination Standards for Power 

Reactors.’’ NUREG–1021 establishes the 

policies, procedures, and guidance for 

the development, administration, and 

grading of written examinations and 

operating tests used for examining 

licensees and applicants for reactor 

operator and senior reactor operator 

licenses at power reactor facilities. It 

also provides procedures and guidance 

for maintaining operators’ licenses and 

for the NRC to conduct requalification 

examinations when necessary. The draft 

NUREG streamlines the examination 

standards by organizing them in topicbased sections for ease of use, clarifies 

existing instructions, and introduces 

new instructions. 

DATES: Submit comments by February 

16, 2021. Comments received after this 

date will be considered if it is practical 

to do so, but the NRC staff is able to 

ensure consideration only for comments 

received on or before this date. 

ADDRESSES: You may submit comments 

by any of the following methods; 

however, the NRC encourages electronic 

comment submission through the 

Federal Rulemaking website: 

• Federal Rulemaking website: Go to 

https://www.regulations.gov and search 

for Docket ID NRC–2020–0227. Address 

questions about Docket IDs in 

Regulations.gov to Jennifer Borges; 

telephone: 301–287–9127; email: 

Jennifer.Borges@nrc.gov. For technical 

questions, contact the individual listed 

in the FOR FURTHER INFORMATION

CONTACT section of this document. 

• Mail comments to: Office of 

Administration, Mail Stop: TWFN–7– 

A60M, U.S. Nuclear Regulatory 

Commission, Washington, DC 20555– 

0001, ATTN: Program Management, 

Announcements and Editing Staff. 

For additional direction on obtaining 

information and submitting comments, 

see ‘‘Obtaining Information and 

Submitting Comments’’ in the 

SUPPLEMENTARY INFORMATION section of 

this document. 

FOR FURTHER INFORMATION CONTACT: 

Maurin Scheetz, Office of Nuclear 

Reactor Regulation, U.S. Nuclear 

Regulatory Commission, Washington, 

DC 20555–0001; telephone: 301–415– 

2758, email: maurin.scheetz@nrc.gov. 

SUPPLEMENTARY INFORMATION: 

I. Obtaining Information and 

Submitting Comments 

A. Obtaining Information 

Please refer to Docket ID NRC–2020– 

0227 when contacting the NRC about 

the availability of information for this 

action. You may obtain publicly 

available information related to this 

action by any of the following methods: 

• Federal Rulemaking website: Go to 

https://www.regulations.gov and search 

for Docket ID NRC–2020–0227. 

• NRC’s Agencywide Documents 

Access and Management System 

(ADAMS): You may obtain publicly 

available documents online in the 

ADAMS Public Documents collection at 

https://www.nrc.gov/reading-rm/ 

adams.html. To begin the search, select 

‘‘Begin Web-based ADAMS Search.’’ For 

problems with ADAMS, please contact 

the NRC’s Public Document Room (PDR) 

reference staff at 1–800–397–4209, 301– 

415–4737, or by email to pdr.resource@

nrc.gov. Draft Revision 12 of NUREG– 

1021 is available in ADAMS under 

Accession No. ML20329A326. A 

supporting document that captures 

changes from Revision 11 to draft 

Revision 12 is available in ADAMS 

under Accession No. ML20325A254. 

• Attention: The PDR, where you may 

examine and purchase copies of public 

documents, is currently closed. You 

may submit your request to the PDR by 

email to PDR.Resource@nrc.gov or call 

1–800–397–4209 between 8:00 a.m. and 

4:00 p.m. (EST), Monday through 

Friday, except Federal holidays. 

B. Submitting Comments 

The NRC encourages electronic 

comment submission through the 

Federal Rulemaking website (https://

www.regulations.gov). Please include 

Docket ID NRC–2020–0227 in your 

comment submission. 

The NRC cautions you not to include 

identifying or contact information that 

you do not want to be publicly 

disclosed in your comment submission. 

The NRC will post all comment 

submissions at https://

www.regulations.gov as well as enter the 

comment submissions into ADAMS. 

The NRC does not routinely edit 

comment submissions to remove 

identifying or contact information. 

If you are requesting or aggregating 

comments from other persons for 

submission to the NRC, then you should 

inform those persons not to include 

identifying or contact information that 

they do not want to be publicly 

disclosed in their comment submission. 

Your request should state that the NRC 

does not routinely edit comment 

submissions to remove such information 

before making the comment 

submissions available to the public or 

entering the comment into ADAMS. 

II. Discussion 

The draft NUREG–1021, Revision 12, 

provides policies, procedures, and 

guidance for the development, 

administration, and grading of 

examinations used for licensing 

operators at nuclear power plants under 

the Commission’s regulations in part 55 

of title 10 of the Code of Federal 

Regulations, ‘‘Operators’ Licenses.’’ This 

draft NUREG also provides guidance for 

maintaining operators’ licenses and for 

the NRC to conduct requalification 

examinations when necessary. The NRC 

is issuing the draft NUREG to (1) 

streamline information into topic-based 

sections for ease of use, (2) clarify 

instructions for the identification and 

grading of performance deficiencies on 

the operating test, (3) introduce new 

instructions for the treatment of critical 


khammond on DSKJM1Z7X2PROD with NOTICES4
Federal Register / Vol. 85, No. 231 / Tuesday, December 1, 2020 / Notices 77281 

1 15 U.S.C. 78s(b)(1). 

2 17 CFR 240.19b–4. 

3Securities Exchange Act Release No. 88474 

(March 25, 2020), 85 FR 17910 (March 31, 2020) 

(SR–NSCC–2020–003) (‘‘Notice’’). NSCC also filed 

the proposal contained in the Proposed Rule 

Change as advance notice SR–FICC–2020–802 

(‘‘Advance Notice’’) with the Commission pursuant 

to Section 806(e)(1) of the Dodd-Frank Wall Street 

Reform and Consumer Protection Act entitled the 

Payment, Clearing, and Settlement Supervision Act 

of 2010 (‘‘Clearing Supervision Act’’). 12 U.S.C. 

5465(e)(1); 17 CFR 240.19b–4(n)(1)(i). Notice of 

filing of the Advance Notice was published for 

comment in the Federal Register on April 15, 2020. 

Securities Exchange Act Release No. 88615 (April 

9, 2020), 85 FR 21037 (April 15, 2020) (SR–NSCC– 

2020–802). On May 15, 2020, the Commission 

issued a request for information regarding the 

Advance Notice. See Commission’s Request for 

Additional Information, available at https://

www.sec.gov/rules/sro/nscc-an/2020/34-88615- 

request-for-info.pdf. On September 9, 2020, NSCC 

submitted its response thereto, which it then 

amended on October 16, 2020. See Response to 

Commission’s Request for Additional Information, 

available at https://www.sec.gov/rules/sro/nscc-an/ 

2020/34-88615-response-to-request-for-info.pdf; 

Letters from James Nygard, Director and Assistant 

General Counsel, NSCC (September 9 and October 

16, 2020), available at https://www.sec.gov/ 

comments/sr-nscc-2020-802/srnscc2020802- 

7753722-223190.pdf and https://www.sec.gov/ 

comments/sr-nscc-2020-802/srnscc2020802- 

7915013-224474.pdf. On November 6, 2020, the 

Commission published a notice of no objection to 

the Advance Notice. Securities Exchange Act 

Release No. 90367 (November 6, 2020), 85 FR 73099 

(November 16, 2020). The proposal contained in the 

Proposed Rule Change and the Advance Notice 

shall not take effect until all regulatory actions 

required with respect to the proposal are 

completed. 

4Comments are available at https://www.sec.gov/ 

comments/sr-nscc-2020-003/srnscc2020003- 

7108527-215929.pdf. 

5 15 U.S.C. 78s(b)(2). 

6Securities Exchange Act Release No. 88885 (May 

15, 2020), 85 FR 31007 (May 21, 2020) (SR–NSCC– 

2020–003). 

7Securities Exchange Act Release No. 89145 

(June 24, 2020), 85 FR 39244 (June 30, 2020) (SR– 

NSCC–2020–003). 

8Securities Exchange Act Release No. 89949 

(September 22, 2020), 85 FR 60854 (September 28, 

2020) (SR–NSCC–2020–003). 

9Terms not defined herein are defined in NSCC’s 

Rules and Procedures (‘‘Rules’’), available at http:// 

www.dtcc.com/∼/media/Files/Downloads/legal/ 

rules/nscc_rules.pdf. See Rule 4 (Clearing Fund) 

and Procedure XV (Clearing Fund Formula and 

Other Matters) of the Rules. 

10Under NSCC’s Rules, a default would generally 

be referred to as a ‘‘cease to act’’ and could 

encompass a number of circumstances, such as a 

member’s failure to make a Required Fund Deposit 

in a timely fashion. See Rule 46 (Restrictions on 

Access to Services), supra, note 9. 

11See Rule 46 (Restrictions on Access to 

Services), supra, note 9. 

tasks and critical and significant 

performance deficiencies, and (4) 

implement changes to support the 

reintegration of the generic 

fundamentals examination with the sitespecific initial licensing examination. 

To assist in understanding the changes 

in the draft NUREG, a supporting 

document that captures changes from 

Revision 11 to draft Revision 12 is 

available in ADAMS under Accession 

No. ML20325A254. 

Dated: November 25, 2020. 

For the Nuclear Regulatory Commission. 

Christian B. Cowdrey, 

Chief, Operator Licensing and Human Factors 

Branch, Division of Reactor Oversight, Office 

of Nuclear Reactor Regulation. 

[FR Doc. 2020–26460 Filed 11–30–20; 8:45 am] 

BILLING CODE 7590–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Sunshine Act Meetings 

FEDERAL REGISTER CITATION OF PREVIOUS

ANNOUNCEMENT: To Be Published. 

PREVIOUSLY ANNOUNCED TIME AND DATE OF

THE MEETING: Wednesday, December 2, 

2020 at 2:00 p.m. 

CHANGES IN THE MEETING: The Closed 

Meeting scheduled for Wednesday, 

December 2, 2020 at 2:00 p.m. has been 

changed to Wednesday, December 2, 

2020 at 10:00 a.m. The following 

additional matter will also be 

considered during the Closed Meeting: 

• Disclosure of non-public information 

CONTACT PERSON FOR MORE INFORMATION: 

For further information and to ascertain 

what, if any, matters have been added, 

deleted or postponed, please contact 

Vanessa A. Countryman from the Office 

of the Secretary at (202) 551–5400. 

Dated: November 25, 2020. 

Eduardo A. Aleman, 

Deputy Secretary. 

[FR Doc. 2020–26550 Filed 11–27–20; 11:15 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–90502; File No. SR–NSCC– 

2020–003] 

Self-Regulatory Organizations; 

National Securities Clearing 

Corporation; Order Approving a 

Proposed Rule Change To Enhance 

National Securities Clearing 

Corporation’s Haircut-Based Volatility 

Charge Applicable to Illiquid Securities 

and UITs and Make Certain Other 

Changes to Procedure XV 

November 24, 2020. 

On March 16, 2020, National 

Securities Clearing Corporation 

(‘‘NSCC’’) filed with the Securities and 

Exchange Commission (‘‘Commission’’) 

proposed rule change SR–NSCC–2020– 

003 (‘‘Proposed Rule Change’’) pursuant 

to Section 19(b)(1) of the Securities 

Exchange Act of 1934 (‘‘Act’’) 1 and Rule 

19b–4 thereunder.2 The Proposed Rule 

Change was published for comment in 

the Federal Register on March 31, 

2020.3 The Commission received 

comment letters on the Proposed Rule 

Change.4 On May 15, 2020, pursuant to 

Section 19(b)(2) of the Act,5 the 

Commission designated a longer period 

within which to approve, disapprove, or 

institute proceedings to determine 

whether to approve or disapprove the 

Proposed Rule Change.6 On June 24, 

2020, the Commission instituted 

proceedings to determine whether to 

approve or disapprove the Proposed 

Rule Change.7 On September 22, 2020, 

the Commission designated a longer 

period for Commission action on the 

proceedings to determine whether to 

approve or disapprove the Proposed 

Rule Change.8 For the reasons discussed 

below, the Commission is approving the 

proposed rule change. 

I. Description of The Proposed Rule 

Change 

A. Background 

NSCC provides clearing, settlement, 

risk management, central counterparty 

services, and a guarantee of completion 

for virtually all broker-to-broker trades 

involving equity securities, corporate 

and municipal debt securities, and unit 

investment trust transactions in the U.S. 

markets. A key tool that NSCC uses to 

manage its credit exposure to its 

Members is collecting an appropriate 

Required Fund Deposit (i.e., margin) 

from each Member.9 A Member’s 

Required Fund Deposit is designed to 

mitigate potential losses to NSCC 

associated with liquidation of the 

Member’s portfolio in the event of a 

Member default.10 The aggregate of all 

NSCC Members’ Required Fund 

Deposits (together with certain other 

deposits required under the Rules) 

constitutes NSCC’s Clearing Fund, 

which NSCC would access should a 

Member default and that Member’s 

Required Fund Deposit, upon 

liquidation, be insufficient to satisfy 

NSCC’s losses.11


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