7812 Federal Register / Vol. 62, No. 34 / Thursday, February 20, 1997 / Notices

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

2 17 CFR 240.19b–4.

of files without descriptions (normal

Gopher look). An index file listing all

files within a subdirectory, with

descriptions, is included. There is a 15-

minute time limit for FTP access.

Although FedWorld can be accessed

through the World Wide Web, like FTP

that mode only provides access for

downloading files and does not display

the NRC Rules menu.

For more information on NRC bulletin

boards call Mr. Arthur Davis, Systems

Integration and Development Branch,

U.S. Nuclear Regulatory Commission,

Washington, DC 20555, telephone (301)

415–5780; e-mail AXD3@nrc.gov. For

more information on this draft

regulatory guide, contact D. McCain at

the NRC, telephone (301) 415–1021; email DLM2@nrc.gov.

Regulatory guides are available for

inspection at the Commission’s Public

Document Room, 2120 L Street NW.,

Washington, DC. Requests for single

copies of draft or final guides (which

may be reproduced) or for placement on

an automatic distribution list for single

copies of future draft guides in specific

divisions should be made in writing to

the U.S. Nuclear Regulatory

Commission, Washington, DC 20555,

Attention: Distribution and Mail

Services Section; or by fax at (301) 415–

2260. Telephone requests cannot be

accommodated. Regulatory guides are

not copyrighted, and Commission

approval is not required to reproduce

them.

(5 U.S.C. 552(a)).

Dated at Rockville, Maryland, this 7th day

of February 1997.

For the Nuclear Regulatory Commission.

Bill M. Morris,

Director, Division of Regulatory Applications,

Office of Nuclear Regulatory Research.

[FR Doc. 97–4178 Filed 2–19–97; 8:45 am]

BILLING CODE 7590–01–P

SECURITIES AND EXCHANGE

COMMISSION

[Rel. No. IC–22508; File No. 811–3414]

Sun Growth Variable Annuity Fund,

Inc.

February 12, 1997.

AGENCY: Securities and Exchange

Commission (‘‘SEC’’ or ‘‘Commission’’).

ACTION: Notice of Application for an

Order under the Investment Company

Act of 1940 (‘‘1940 Act’’).

Applicant: Sun Growth Variable

Annuity Fund, Inc. (‘‘Applicant’’).

Relevant 1940 Act Section: Order

requested under Section 8(f).

Summary of Application: Applicant

seeks an order declaring that it has

ceased to be an investment company as

defined by the 1940 Act.

Filing Date: The application was filed

on December 31, 1996.

Hearing or Notification of Hearing: An

order granting the application will be

issued unless the Commission orders a

hearing. Interested persons may request

a hearing by writing to the Secretary of

the SEC and serving Applicant with a

copy of the request, in person or by

mail. Hearing requests should be

received by the SEC by 5:30 p.m. on

March 10, 1997, and should be

accompanied by proof of service on

Applicant in the form of an affidavit or,

for lawyers, a certificate of service.

Hearing requests should state the nature

of the requestor’s interest, the reason for

the request, and the issues contested.

Persons may request notification of a

hearing by writing to the Secretary of

the SEC.

ADDRESSES: Secretary, Securities and

Exchange Commission, 450 5th Street,

NW., Washington, DC 20549. Applicant,

c/o Bonnie S. Angus, Sun Life

Assurance Company of Canada (U.S.),

50 Milk Street, Boston, Massachusetts

02109.

FOR FURTHER INFORMATION CONTACT:

Michael Koffler, Staff Attorney, or Kevin

M. Kirchoff, Branch Chief, Office of

Insurance Products (Division of

Investment Management), at (202) 942–

0670.

SUPPLEMENTARY INFORMATION: Following

is a summary of the application; the

complete application is available for a

fee from the Public Reference Branch of

the SEC.

Applicant’s Representation

1. Applicant is an open-end,

diversified management company

organized as a Delaware corporation. On

March 12, 1982, Applicant filed with

the Commission a notification of

registration as an investment company

on Form N–8A, and a registration

statement under Section 8(b) of the 1940

Act and under the Securities Act of

1933 (File No. 2–76478) registering an

indefinite amount of securities. The

registration statement was declared

effective April 22, 1982, and public

offering of Applicant’s securities began

on April 30, 1982.

2. Shares of Applicant are the

underlying investment of two separate

accounts of Sun Life Assurance

Company of Canada (U.S.) (‘‘Sun Life of

Canada (U.S.)’’), which are registered as

unit investment trusts: Sun Life of

Canada (U.S.) Variable Account A and

Sun Life of Canada (U.S.) Variable

Account B. These variable accounts are

the sole shareholders of Applicant.

3. Applicant is a small fund with

continuing net redemptions. Applicant’s

board of directors believes it was in the

best interest of its stockholders to merge

Applicant into a larger fund, to obtain

economies of scale with respect to fees

and expenses.

4. On December 18, 1996, pursuant to

an Agreement and Plan of

Reorganization dated October 1, 1996,

between Applicant and MFS/Sun Life

Series Trust (the ‘‘Series Trust’’),

Applicant exchanged all of its assets for

shares of the Money Market Series of the

Series Trust. Applicant subsequently

dissolved and distributed all the Money

Market Series shares on a pro rata basis

to each stockholder of Applicant. These

transactions have been approved by

Applicant’s board of directors and by

Applicant’s stockholders.

5. All expenses incurred in

connection with these transactions will

be borne by Sun Life of Canada (U.S.).

6. Applicant has no assets and no

security holders.

7. Applicant has no debts or other

liabilities outstanding.

8. Applicant is not a party to any

litigation or administrative proceeding,

and is not now engaged, nor does it

intend to engage, in any business

activities other than those necessary for

winding up its affairs.

9. Within the last 18 months,

Applicant has not transferred any of its

assets to a separate trust.

For the Commission, by the Division of

Investment Management, pursuant to

delegated authority.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 97–4092 Filed 2–19–97; 8:45 am]

BILLING CODE 8010–01–M

[Release No. 34–38268; File No. SR–CBOE–

97–02]

Self-Regulatory Organizations; Notice

of Filing of Proposed Rule Change by

Chicago Board Options Exchange,

Incorporated, Relating to the Use of

Proprietary Brokerage Order Routing

Terminals on the Floor of the

Exchange

February 11, 1997.

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 January

21, 1997, the Chicago Board Options

Exchange, Inc. (‘‘CBOE’’ or ‘‘Exchange’’)
Federal Register / Vol. 62, No. 34 / Thursday, February 20, 1997 / Notices 7813

3See Securities Exchange Act Release No. 38054

(Dec. 16, 1996), 61 FR 67365 (Dec. 20, 1996)

(‘‘Release No. 38054’’).

4 In particular, the applicant must agree that its

terminal will be used to receive brokerage orders

only, and that it will not be used to perform a

market making function. id.

5 15 U.S.C. 78f(b) .

6 15 U.S.C. 78f(b) (1).

7 15 U.S.C. 78f(b) (5).

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 selfregulatory organization. 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

The Exchange proposes to extend

from the Standard & Poor’s 500 index

(‘‘SPX options’’) to the trading crowd in

options on the Standard & Poor’s 100

index (‘‘OEX options’’) its existing

policy adopted pursuant to Exchange

Rule 6.23 whereby members are

permitted to establish, maintain and use

proprietary hand-held, brokerage order

routing terminals and related systems

(‘‘Terminals’’) in the trading crowd with

the written approval of the Exchange

upon submission of an ‘‘Application &

Agreement for Brokerage/Order Routing

Terminals in Trading Crowds’’

(‘‘Application Agreement’’). At present,

members may apply to use Terminals

only in the trading crowd in SPX

options. The Exchange proposes to

make changes to the Application

Agreement reflecting its use to apply for

Terminals in the OEX crowd as well as

the SPX crowd. The text of the proposed

rule change is available at the Office of

the Secretary, CBOE and at the

Commission.

II. Self-Regulatory Organization’s

Statement of the Purpose of, and

Statutory Basic for, the proposed Rule

Change

In its filing with the Commission, the

self-regulatory organization 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 self-regulatory organization 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 extend to floor brokers in

the OEX trading crowd the Exchange’s

policy pursuant to which members have

the right to use proprietary, wireless,

hand-held terminals for the electronic

routing of firm and customer orders

directly to brokers in the crowd

(‘‘Terminals’’). The Exchange’s general

policy concerning the use of Terminals

in the SPX trading crowd was recently

approved by the Commission.3 Pursuant

to this policy, members may use

Terminals in the SPX trading crowd

only with the written approval of the

Exchange after submission of the

Exchange’s Application Agreement.

In its filing originally proposing the

adoption of a policy pertaining to the

use of Terminals on the trading floor,

the Exchange stated that it would

initially limit the use of Terminals to

the SPX options trading crowd. To date

only one member firm has applied and

been approved to use Terminals in that

crowd. The Exchange now proposes to

extend the availability of Terminals to

one additional trading crowd on the

floor, the OEX crowd, in response to a

request from the same member firm that

has been approved to use Terminals in

the SPX crowd. The Exchange notes that

the use of Terminals in the OEX crowd

would be subject to exactly the same

terms and conditions that apply in the

SPX crowd, including the use of the

same form of Application and

Agreement that was recently approved.4

The Exchange originally proposed to

limit Terminals to the SPX crowd for an

initial evaluation period because the

one firm proposing to use Terminals

made its proposal with respect to SPX

options only, and because the Exchange

believed it should have some experience

with its Terminals policy before

extending the policy beyond the SPX

Options trading crowd. Now that the

same firm has expressed a desire to use

Terminal in the OEX crowd as well as

the SPX crowd, the Exchange believes

that having Terminals in both crowds

will provide a better evaluation of the

Exchange’s Terminals policy than if

Terminals are limited to the SPX crowd

only. Because OEX options represent a

more retail-oriented product than the

largely institutional SPX options, the

Exchange believes that the availability

of Terminals in both crowds will better

enable the Exchange to evaluate how

Terminals may be used for both retail

and institutional orders, which in turn

will be relevant to deciding when and

under what conditions to propose an

extension of the Terminal policy on a

floor-wide basis.

2. Statutory Basis

The proposed rule change is

consistent with section 6(b) of the Act 5

in general, and furthers the objectives of

sections 6(b)(1) 6 and 6(b)(5) 7 of the Act

in particular, in that the proposal is

designed to improve communications to

and from the Exchange’s OEX trading

crowd in a manner that gives the

Exchange necessary monitoring tools

and that is designed to prevent

fraudulent and manipulative acts and

practices, promote just and equitable

principles of trade, perfect the

mechanisms of a free and open market,

and protect investors and the public

interest.

B. Self-Regulatory Organization’s

Statement on Burden on Competition

The Exchange believes that the

proposed rule change will not impose

any inappropriate burden on

competition. To the contrary, the

Exchange believes that the proposed

rule change will promote competition

among brokers by encouraging the

development and use of new systems

designed to facilitate the execution of

customer orders, while at the same time

preserving the benefits of the auction

market for all customers.

C. Self-Regulatory Organization’s

Statement on Comments on the

Proposed Rule Change Received From

Members, Participants, or Others

No written comments were either

solicited or received with respect to the

proposal.

III. Date of Effectiveness of the

Proposed Rule Change and Timing for

Commission Action

Within 35 days of the publication of

this notice in the Federal Register or

within such longer period (i) as the

Commission may designate up to 90

days of such date if it finds such longer

period to be appropriate and publishes

its reasons for so finding or (ii) as to

which the self-regulatory organization

consents, the Commission will:

(A) By order approve the proposed

rule change, or

(B) Institute proceedings to determine

whether the proposed rule change

should be disapproved.

IV. Solicitation of Comments

Interested persons are invited to

submit written data, views, and

arguments concerning the foregoing.

Persons making written submissions

should file six copies thereof with the
7814 Federal Register / Vol. 62, No. 34 / Thursday, February 20, 1997 / Notices

Secretary, Securities and Exchange

Commission, 450 Fifth Street, NW.,

Washington, DC 20549. Copies of the

submission, all subsequent

amendments, all written statements

with respect to the proposed rule

change that are filed with the

Commission, and all written

communications relating to the

proposed rule change between the

Commission and any person, other than

those that may be withheld from the

public in accordance with the

provisions of 5 U.S.C. 552, will be

available for inspection and copying at

the Commission’s Public Reference

Room. Copies of such filing will also be

available for inspection and copying at

the principal office of the Exchange. All

submissions should refer to File No.

SR–CBOE–97–02 and should be

submitted by March 13, 1997.

For the Commission, by the Division of

Market Regulation, pursuant to delegated

authority.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 97–4091 Filed 2–19–97; 8:45 am]

BILLING CODE 8010–01–M

SOCIAL SECURITY ADMINISTRATION

Notice of Proposed Change in

Magnetic Media Specifications for

Submitters Who File Corrected Wage

Reports Using Magnetic Media or

Electronic Filing

SUMMARY: Notice is hereby given that

SSA has developed new Magnetic

Media Reporting and Electronic Filing

Specifications (MMREF–2) for

submitters who file corrected wage

reports to SSA, using magnetic tape,

diskette, cartridge or electronic filing.

The new MMREF–2 will consist of a

single record format to be used to report

domestic or territorial correction reports

using magnetic media and electronic

filing.

We would like to receive any

comments the public may offer on the

MMREF–2. An educational seminar on

the MMREF–2 is scheduled to be held

at the SSA headquarters in Baltimore

February 24, 1997, 9 a.m. to 12 p.m. To

receive a draft copy of the MMREF–2

and/or to attend the educational

seminar contact the addressee below.

DATES: Comments must be received by

March 14, 1997 on the MMREF–2.

ADDRESSES: To receive a draft and/or to

be part of the seminar, contact Ed

Bulson, Social Security Administration,

Room 3–B–15 Operations Building,

Baltimore, Maryland 21235 or fax him at

(410) 966–4159.

FOR FURTHER INFORMATION CONTACT:

Mark Ruley, Financial Management

Analyst, Office of Finance, Assessment

and Management, Social Security

Administration, 451 Altmeyer Building,

Baltimore, Maryland 21235, (410) 965–

0371.

Dated: February 12, 1997.

Richard Harron,

Tax Forms Coordinator.

[FR Doc. 97–4080 Filed 2–19–97; 8:45 am]

BILLING CODE 4190–29–P

Final Report of the Representative

Payment Advisory Committee

AGENCY: Social Security Administration

(SSA).

ACTION: Notice of availability of final

report.

SUMMARY: The Social Security

Administration (SSA) is making

available the final report of the

Representative Payment Advisory

Committee.

ADDRESSES: Copies of the final report

are available, free of charge, and may be

requested by writing to: SSA,

Representative Payment Advisory

Committee Staff, 3–M–1 Operations

Building, 6401 Security Blvd.,

Baltimore, MD 21235. You may also

request a copy of the report by calling:

(410) 966–4688. The report is also

available for viewing on SSA’s Home

Page of the Internet at http://

www.ssa.gov.

Written comments may be sent: by

mail—SSA, Representative Payment

Advisory Committee Staff, 3–M–1

Operations Building, 6401 Security

Blvd., Baltimore, MD 21235; or by

telefax—(410) 966–0980; via Internet—

adcom@ssa.gov.

DATES: If you would like to submit

comments, they should be postmarked

on or before May 21, 1997.

FOR FURTHER INFORMATION CONTACT:

SSA, Representative Payment Advisory

Committee Staff, 3–M–1 Operations

Building, 6401 Security Blvd.,

Baltimore, MD 21235; telephone—(410)

966–4688.

SUPPLEMENTARY INFORMATION: The

Representative Payment Advisory

Committee was chartered in July 1995 to

undertake a comprehensive examination

of SSA representative payment policy in

five broad areas: (1) Beneficiary

incapability; (2) payee selection; (3)

payee recruitment and support; (4)

standards for payee selection; (5) payee

accountability and oversight. The

Committee was established to take a

fresh look at SSA’s representative

payment program to ensure that it

continues to protect our nation’s most

vulnerable citizens.

The Committee heard public

testimony in Washington, D.C., Chicago,

IL, San Francisco, CA and Atlanta, GA.

The Committee also held deliberative

meetings in Baltimore, MD in April,

June, and September 1996. We

announced these meetings in the

Federal Register. The public was also

invited to comment directly to the

Committee during the period July 1995

to September 1996. The Committee

submitted its final report to SSA on

November 7, 1996.

After the close of the public comment

period, SSA may consider all comments

received in developing initiatives to

improve the representative payment

program.

Dated: February 12, 1997.

Georgina Harding,

Staff Director, Representative Payment

Advisory Committee.

[FR Doc. 97–4078 Filed 2–19–97; 8:45 am]

BILLING CODE 4190–29–P

STATE DEPARTMENT

Overseas Security Advisory Council

Meeting; Closed

The Department of State announces a

meeting of the U.S. State Department—

Overseas Security Advisory Council on

Thursday, February 27, at the Registry

Resort & Spa, Fort Lauderdale, Florida.

Pursuant to Section 10(d) of the Federal

Advisory Committee Act and 5 U.S.C.

552b(c) (1) and (4), it has been

determined the meeting will be closed

to the public. Matters relative to

classified national security information

as well as privileged commercial

information will be discussed. The

agenda calls for the discussion of

classified and corporate proprietary/

security information as well as private

sector physical and procedural security

policies and protective programs at

sensitive U.S. Government and private

sector locations overseas.

For more information contact Marsha

Thurman, Overseas Security Advisory

Council, Department of State,

Washington, D.C. 20522–1003, phone:

202–663–0869.

Dated: February 13, 1997.

William D. Clarke,

Acting Director of the Diplomatic Security

Service.

[FR Doc. 97–4284 Filed 2–18–97; 10:39 am]

BILLING CODE 4710–24–M