Federal Register / Vol. 83, No. 148 / Wednesday, August 1, 2018 / Notices 37537 

NUCLEAR REGULATORY 

COMMISSION 

[NRC–2018–0047] 

Information Collection: Domestic 

Licensing of Source Material 

AGENCY: Nuclear Regulatory 

Commission. 

ACTION: Renewal of existing information 

collection; request for comment. 

SUMMARY: The U.S. Nuclear Regulatory 

Commission (NRC) invites public 

comment on the renewal of Office of 

Management and Budget (OMB) 

approval for an existing collection of 

information. The information collection 

is entitled, ‘‘Domestic Licensing of 

Source Material.’’ 

DATES: Submit comments by October 1, 

2018. Comments received after this date 

will be considered if it is practical to do 

so, but the Commission 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: 

• Federal Rulemaking website: Go to 

http://www.regulations.gov and search 

for Docket ID NRC–2018–0047. Address 

questions about NRC dockets 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: David Cullison, 

Office of the Chief Information Officer, 

Mail Stop: T–5 F53, U.S. Nuclear 

Regulatory Commission, Washington, 

DC 20555–0001. 

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: 

David Cullison, Office of the Chief 

Information Officer, U.S. Nuclear 

Regulatory Commission, Washington, 

DC 20555–0001; telephone: 301–415– 

2084; email: INFOCOLLECTS.Resource@

NRC.GOV. 

SUPPLEMENTARY INFORMATION: 

I. Obtaining Information and 

Submitting Comments 

A. Obtaining Information 

Please refer to Docket ID NRC–2018– 

0047 when contacting the NRC about 

the availability of information for this 

action. You may obtain publiclyavailable information related to this 

action by any of the following methods: 

• Federal Rulemaking website: Go to 

http://www.regulations.gov and search 

for Docket ID NRC–2018–0047. 

• NRC’s Agencywide Documents 

Access and Management System 

(ADAMS): You may obtain publiclyavailable documents online in the 

ADAMS Public Documents collection at 

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

adams.html. To begin the search, select 

‘‘ADAMS Public Documents’’ and then 

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. The 

supporting statement and burden 

spreadsheet are available in ADAMS 

under Accession Nos. ML18136A682 

and ML18136A688. 

• 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. 

• NRC’s Clearance Officer: A copy of 

the collection of information and related 

instructions may be obtained without 

charge by contacting the NRC’s 

Clearance Officer, David Cullison, 

Office of the Chief Information Officer, 

U.S. Nuclear Regulatory Commission, 

Washington, DC 20555–0001; telephone: 

301–415–2084; email: 

INFOCOLLECTS.Resource@NRC.GOV. 

B. Submitting Comments 

The NRC cautions you not to include 

identifying or contact information in 

comment submissions that you do not 

want to be publicly disclosed in your 

comment submission. All comment 

submissions are posted at http://

www.regulations.gov and entered into 

ADAMS. Comment submissions are not 

routinely edited to remove identifying 

or contact information. 

If you are requesting or aggregating 

comments from other persons for 

submission to the OMB, 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 comment submissions are not 

routinely edited to remove such 

information before making the comment 

submissions available to the public or 

entering the comment into ADAMS. 

II. Background 

In accordance with the Paperwork 

Reduction Act of 1995 (44 U.S.C. 

Chapter 35), the NRC is requesting 

public comment on its intention to 

request the OMB’s approval for the 

information collection summarized 

below. 

1. The title of the information 

collection: 10 CFR part 40, ‘‘Domestic 

Licensing of Source Material.’’ 

2. OMB approval number: 3150–0020. 

3. Type of submission: Revision. 

4. The form number, if applicable: 

Not applicable. 

5. How often the collection is required 

or requested: Reports required under 10 

CFR part 40 collected and evaluated on 

a continuing basis as events occur. 

There is a one-time submittal of 

information to receive a license. 

Renewal applications need to be 

submitted every 15 to 40 years. 

Information in previous applications 

may be referenced without being 

resubmitted. In addition, recordkeeping 

must be performed on an on-going basis. 

6. Who will be required or asked to 

respond: Applicants for and holders of 

NRC licenses authorizing the receipt, 

possession, use, or transfer of 

radioactive source material. 

7. The estimated number of annual 

responses: 1,390 (750 reporting 

responses + 6 third party disclosure 

responses + 634 recordkeepers). 

8. The estimated number of annual 

respondents: 634. 

9. The estimated number of hours 

needed annually to comply with the 

information collection requirement or 

request: 16,928 (11,366 reporting + 

5,544 recordkeeping + 18 third party 

disclosure). 

10. Abstract: The U.S. Nuclear 

Regulatory Commission (NRC) 

regulations in 10 CFR part 40 establish 

procedures and criteria for the issuance 

of licenses to receive title to, receive, 

possess, use, transfer, or deliver source 

and byproduct material. The 

application, reporting, recordkeeping, 

and third party notification 

requirements are necessary to permit the 

NRC to make a determination as to 

whether the possession, use, and 

transfer of source and byproduct 

material is in conformance with the 

Commission’s regulations for protection 

of public health and safety. 

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 


sradovich on DSK3GMQ082PROD with NOTICES
37538 Federal Register / Vol. 83, No. 148 / Wednesday, August 1, 2018 / Notices 

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

2 17 CFR 240.19b–4. 

3See Release No. 34–63621 (Dec. 29, 2010), 76 FR 

604 (Jan. 5, 2011) (File No. SR–MSRB–2010–10). 

be minimized, including the use of 

automated collection techniques or 

other forms of information technology? 

Dated at Rockville, Maryland, this 27th day 

of July 2018. 

For the Nuclear Regulatory Commission. 

David Cullison, 

NRC Clearance Officer, Office of the Chief 

Information Officer. 

[FR Doc. 2018–16428 Filed 7–31–18; 8:45 am] 

BILLING CODE 7590–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–83713; File No. SR–MSRB– 

2018–06] 

Self-Regulatory Organizations; 

Municipal Securities Rulemaking 

Board; Notice of Filing and Immediate 

Effectiveness of a Proposed Rule 

Change To Amend MSRB Rule A–13 to 

Temporarily Reduce the Rate of 

Assessment for the MSRB’s 

Underwriting, Transaction and 

Technology Fees on Brokers, Dealers 

and Municipal Securities Dealers 

July 26, 2018. 

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

Securities Exchange Act of 1934 (the 

‘‘Act’’ or ‘‘Exchange Act’’) 1 and Rule 

19b–4 thereunder,2 notice is hereby 

given that on July 23, 2018 the 

Municipal Securities Rulemaking Board 

(the ‘‘MSRB’’ or ‘‘Board’’) 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 MSRB. 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 MSRB filed with the Commission 

a proposed rule change to amend MSRB 

Rule A–13 to temporarily reduce the 

rate of assessment for the MSRB’s 

underwriting, transaction and 

technology fees on brokers, dealers and 

municipal securities dealers (‘‘dealers’’) 

with respect to assessible activity that 

occurs during the months of October, 

November and December 2018 (the 

‘‘proposed rule change’’). The MSRB has 

designated the proposed rule change for 

immediate effectiveness. 

The text of the proposed rule change 

is available on the MSRB’s website at 

www.msrb.org/Rules-andInterpretations/SEC-Filings/2018- 

Filings.aspx, at the MSRB’s principal 

office, 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, the 

MSRB 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 MSRB 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 temporarily reduce the rate 

of assessment for the MSRB’s 

underwriting, transaction and 

technology fees for dealers under Rule 

A–13, with respect to assessible activity 

that occurs during the months of 

October, November and December 2018. 

The proposed rule change is designed to 

reduce, in a carefully considered and 

strategic manner, excess MSRB reserves 

in a way that achieves a fair and 

equitable balance of fees across 

regulated entities. 

The MSRB discharges its statutory 

mandate under the Exchange Act 

through the establishment of rules for 

dealers and municipal advisors 

(together with dealers, ‘‘regulated 

entities’’); the collection and 

dissemination of market information; 

and market leadership, outreach and 

education. As a self-regulatory 

organization, the MSRB must maintain 

sufficient reserves to discharge its 

responsibilities and operate without 

interruption, even in an economic 

downturn. Reserves are necessary to 

mitigate fluctuations in the MSRB’s 

revenue stream, which is primarily 

market-driven, and provide a backstop 

for funding services essential to the 

efficiency of the market. However, as 

current reserves exceed the target 

thresholds that have been established by 

its Board of Directors, the MSRB is now 

seeking to temporarily reduce its three 

largest sources of revenue, which 

collectively, make up approximately 

80% of the MSRB’s FY 2018 budgeted 

revenue. The proposed rule change is 

projected to reduce the MSRB’s excess 

reserves by approximately $2.6 million 

and will help align reserve levels with 

target levels. 

Pursuant to Rule A–13, each dealer 

must pay to the Board underwriting, 

transaction and technology fees based 

upon the rates specified in that rule. 

The proposed rule change would add a 

new section (h) setting forth revised 

temporary assessment rates for these 

three types of assessments, generally 

reducing by one-third the fees for 

activity that occurs during the months 

of October, November and December 

2018. New Rule A–13(h)(i) would 

provide that the underwriting 

assessment for certain primary offerings 

for this time period would be .00185% 

of the par value ($0.0185 per $1,000), a 

reduction from .00275% of the par value 

($.0275 per $1,000). New Rule A– 

13(h)(ii) would provide that the 

transaction assessment would be 

.00067% of the par value ($0.0067 per 

$1,000), a reduction from .001% ($.01 

per $1,000). And, new Rule A–13(h)(iii) 

would provide that the technology 

assessment would be $0.67 per 

transaction (a reduction from $1.00 per 

transaction). Rates of assessment would 

revert to current levels effective January 

1, 2019. 

Importantly, the temporary reduced 

rates are for activity that occurs during 

this three-month period. Dealers are 

typically billed for these fees after the 

relevant month end. Specifically, the 

underwriting fee is billed immediately 

after the respective month end, while 

the transaction and technology fees are 

billed thirty days in arrears. 

Financial Reserves and the Board’s 

Holistic Review of MSRB Fees 

In 2010, after several years of heavy 

investment in the technological 

infrastructure needed to launch the 

MSRB’s Electronic Municipal Market 

Access (EMMA®) website, the MSRB’s 

financial reserve levels had dropped 

below the target of 12 months of 

operating expenses excluding 

depreciation expense, plus three-times 

annual capital needs. As a result, 

replenishing the MSRB’s reserves 

became a priority. The following year, 

the MSRB increased the transaction fee 

under Rule A–13 and began assessing a 

new technology fee for dealers under 

the same rule.3 By 2014, revenue from 

the technology fee had generated 

sufficient resources to stabilize the 

technology reserve and allowed the 

MSRB to rebate $3.6 million in 

technology fees to eligible dealers. The 

Board’s technology fee rebate decision 


sradovich on DSK3GMQ082PROD with NOTICES