Federal Register / Vol. 65, No. 191 / Monday, October 2, 2000 / Notices 58833

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

2 17 CFR 240.19b–4.

3Securities Exchange Act Release No. 41479, 64

FR 31667 (June 11, 1999).

4Securities Exchange Act Release No. 43111

(August 2, 2000), 65 FR 49046 (August 10, 2000)

(‘‘3-year Extension Proposal’’).

5Securities Exchange Act Release No. 43155

(August 15, 2000), 65 FR 51382 (August 23, 2000).

6See 3-Year Extension Proposal, note 4 supra.

in 1987, consisted of the conversion of

depleted uranium hexafluoride to

uranium tetrafluoride.

SFC supplied formal notice of its

intent to seek license termination in

accordance with 10 CFR 40.42(e) in a

letter dated February 16, 1993. Based on

available information, at least some of

the identified waste and contamination

at the site is known to exceed NRC’s

existing radiological criteria for

decommissioning. Therefore, SFC is

required to remediate the SFC facility to

meet the NRC’s radiological criteria for

license termination, as described 10

CFR Part 20.

In 1998 Sequoyah Fuels submitted to

NRC a site characterization report,

which is a technical analysis and

description of the site’s radiological

contamination. A study of remediation

alternatives was submitted, also in 1998,

followed by a decommissioning plan in

1999. The alternatives study is the

principal basis for the environmental

review. The remediation alternative

proposed by Sequoyah Fuels is an onsite disposal cell.

The NRC is conducting an

environmental review of the

decommissioning and will develop an

EIS to determine whether the alternative

proposed by SFC for remediation of the

facility is acceptable. The EIS will

evaluate the potential impacts of the

licensee’s proposal, including the effects

on water resources, air quality,

ecological resources, socioeconomic and

community resources, human health,

noise and environmental justice. The

EIS will consider the licensee’s

proposed approach for onsite disposal,

along with alternatives such as

disposing of the contaminated material

off-site in a licensed disposal facility.

NRC will consider the EIS in reaching

a decision on the acceptability of the

licensee’s proposed approach.

For the preparation of an EIS for the

decommissioning of the SFC facility, a

public scoping meeting was held on

October 15, 1995, in Gore, Oklahoma. In

February 1997, NRC issued a summary

report of the scoping process. Since so

much time has elapsed since the 1995

scoping meeting, NRC will hold a

meeting to discuss the environmental

impacts which will be addressed in the

EIS and to give the public another

chance to identify any additional

environmental impacts that need to be

addressed before we complete the draft

EIS.

Other agencies and organizations

cooperating in the environmental

review are the Environmental Protection

Agency; the Army Corps of Engineers;

the U.S. Geological Survey; the

Oklahoma Department of Environmental

Quality; and the Cherokee Nation. All

these agencies and organizations will be

represented at the 7 p.m. meeting.

In addition to the Tuesday evening

meeting, two other meetings are

planned for that day. In the morning,

from 9 a.m. to noon, NRC staff and its

consultants will tour the SFC site. In the

afternoon, from 2 to 4 p.m., NRC and

SFC will hold a technical exchange

related to environmental issues at the

site. This meeting will be held at the

SFC facility warehouse located at

Interstate-40 and Highway 10.

The technical exchange will afford the

NRC and its consultants an opportunity

to discuss environmental issues prior to

anticipated NRC requests for additional

information from SFC. The meeting is

open for public observation, but

participation is limited to NRC and SFC

personnel. The opportunity for full

public participation will occur in the

evening during the 7 p.m. meeting.

FOR FURTHER INFORMATION CONTACT:

Phyllis Sobel, Office of Nuclear Material

Safety and Safeguards, Washington, DC

20555, Telephone: 301–415–6714; fax

301–415–5397; or e-mail

PAS@NRC.GOV.

Dated at Rockville, Maryland, this 19th day

of September 2000.

For the Nuclear Regulatory Commission.

Thomas Essig,

Chief, Environmental and Performance

Assessment Branch, Division of Waste

Management, Office of Nuclear Material

Safety and Safeguards.

[FR Doc. 00–25236 Filed 9–29–00; 8:45 am]

BILLING CODE 7590–01–P

SECURITIES AND EXCHANGE

COMMISSION

[Release No. 34–43329: File No. SR–NYSE–

00–38]

Self-Regulatory Organizations; Notice

of Filing and Immediate Effectiveness

of Proposed Rule Change by the New

York Stock Exchange, Inc. To Extend

the Pilot Regarding Shareholder

Approval of Stock Option Plans

September 22, 2000.

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

September 21, 2000, the New York

Stock Exchange, Inc. (‘‘NYSE’’ or

‘‘Exchange’’) filed with the Securities

and Exchange Commission (‘‘SEC’’ or

‘‘Commission’’) the proposed rule

change as described in items, I, II, III

below, which items have been prepared

by the Exchange. 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 is proposing to extend,

until November 30, 2000, the

effectiveness of the amendments to

Sections 312.01, 312.03 and 312.04 of

the Exchange’s Listed Company Manual

with respect to the definition of a

‘‘broadly-based’’ stock option plan,

which were approved by the

Commission on a pilot basis (‘‘Pilot’’) on

June 4, 1999.3

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 and is

set forth in Sections A, B, and C below.

A. Self-Regulatory Organization’s

Statement of the Purpose of, and

Statutory Basis for, the Proposed Rule

Change

1. Purpose

On July 13, 2000, the NYSE submitted

a proposed rule change to extend the

effectiveness of the Pilot until

September 30, 2003.4 On August 15,

2000, the Commission, in response to a

commenter’s request, extended the

comment period for the 3-Year

Extension Proposal until September 20,

2000.5 The original comment period

was to expire on August 31, 2000.6 The

Pilot is scheduled to expire on

September 30, 2000. Therefore, to

accommodate the extended comment

period on the 3-Year Extension

Proposal, the Exchange proposes to

extend the effectiveness of the Pilot

until November 30, 2000.

2. Basis

The Exchange believes that the

proposed rule change is consistent with

58834 Federal Register / Vol. 65, No. 191 / Monday, October 2, 2000 / Notices

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

8 15 U.S.C. 78s(b)(3)(A).

9 17 CFR 240.19b–4(f)(6).

10As required under Rule 19b–4(f)(6)(iii), the

Exchange provided the Commission with written

notice of its intent to file the proposed rule change

at least five business days prior to the filing date.

11 17 CFR 240.19b–4(f)(6).

12 17 CFR 240.19b–4(f)(6)(iii).

13 17 CFR 200.30–3(a)(12).

1 15 U.S.C. 788s(b)(1).

2 17 CFR 240.19b–4.

3 In Amendment No. 1, the Exchange revised the

proposed rule to allow computer-generated orders

to be sent to the Exchange via the Member Firm

Interface (‘‘MFI’’) if they are properly designated as

such. See Letter from Michael Pierson, Vice

President, Regulatory Policy, PCX, to Nancy J.

Sanow, Assistant Director, Division of Market

Regulation, Commission, dated August 15, 2000

(‘‘Amendment No. 1’’).

the requirements of Section 6(b)(5)7 of

the Act because it is designed to prevent

fraudulent and manipulative acts and

practices, to promote just and equitable

principles of trade, to foster cooperation

and coordination with persons engaged

in facilitating transactions in securities,

to remove impediments to and perfect

the mechanism of a free and open

market and a national market system

and, in general, to protect investors and

the public interest.

B. Self-Regulatory Organization’s

Statement on Burden on Competition

The Exchange does not believe that

the proposed rule change will impose

any burden on competition that is not

necessary or appropriate in furtherance

of the purposes of the Act.

C. Self-Regulatory Organization’s

Statement on Comments on the

Proposed Rule Change Received From

Members, Participants or Others

The Exchange has neither solicited

nor received written comments on the

proposed rule change.

III. Date of Effectiveness of the

Proposed Rule Change and Timing for

Commission Action

Because the proposed rule change: (1)

Does not significantly affect the

protection of investors or the public

interest; (2) does not impose any

significant burden on competition; and

(3) does not become operative for 30

days from the date of filing, or such

shorter time as the Commission may

designate if consistent with the

protection of investors and the public

interest, the proposed rule change has

become effective pursuant to Section

19(b)(3)(A) 8 of the Act and Rule 19b–

4(f)(6) 9 thereunder.10

A proposed rule change filed under

rule 19b–4(f)(6) 11 normally does not

become operative prior to 30 days after

the date of filing. However, Rule 19b–

4(f)(6)(iii) 12 permits the Commission to

designate a shorter time if such action

is consistent with the protection of

investors and public interest. The

Exchange seeks to have the proposed

rule change become operative on or

before September 30, 2000, in order to

allow the Pilot to continue in effect on

an uninterrupted basis.

The Commission, consistent with the

protection of investors and the public

interest, has determined to make the

proposed rule change operative

immediately through November 30,

2000. The extension of the Pilot will

provide the Commission with additional

time to review and evaluate the 3-Year

Extension Proposal.

The Commission notes that unless the

Pilot is extended, the Pilot will expire

and the provisions in Sections 312.01,

312.03 and 312.04 of the Exchange’s

Listed Company Manual that were

amended in the Pilot will revert to that

which were effective prior to June 4,

1999. The Commission believes that

such a result could lead to confusion.

Based on these reasons, the

Commission believes that it is

consistent with the protection of

investors and the public interest that the

proposed rule change become operative

immediately through November 30,

2000. At any time within 60 days of the

filing of the proposed rule change, the

Commission may summarily abrogate

such rule change if it appears to the

Commission that such action is

necessary or appropriate in the public

interest, for the protection of investors,

or otherwise in furtherance of the

purposes of the Act.

IV. Solicitation of Comments

Interested persons are invited to

submit written data, views and

arguments concerning the foregoing,

including whether the proposed rule

change is consistent with the Act.

Persons making written submissions

should file six copies thereof with the

Secretary, Securities and Exchange

Commission, 450 Fifth Street, N.W.,

Washington, D.C. 20549–0609. 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 in

the Commission’s Public Reference

Room. Copies of such filing will also be

available for inspection and copying at

the principal office of the NYSE. All

submissions should refer to File No.

SR–NYSE–00–38 and should be

submitted by October 23, 2000.

For the Commission, by the Division of

Market Regulation, pursuant to delegated

authority.13

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 00–25134 Filed 9–29–00; 8:45 am]

BILLING CODE 8010–01–M

SECURITIES AND EXCHANGE

COMMISSION

[Release No. 34–43328; File No. SR–PCX–

00–13]

Self-Regulatory Organizations; Notice

of Filing and Order Granting

Accelerated Approval of a Proposed

Rule Change by the Pacific Exchange,

Inc. Relating to the Entry of ComputerGenerated Orders

September 22, 2000.

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 May 16,

2000, the Pacific Exchange, Inc. (‘‘PCX’’

or ‘‘Exchange’’) filed with the Securities

and Exchange Commission

(‘‘Commission’’ or ‘‘SEC’’) the proposed

rule change as described in Items I, II

and III below, which Items have been

prepared by the Exchange. On August

16, 2000, the Exchange filed

Amendment No. 1 to the proposed rule

change.3 The Commission is publishing

this notice of filing and order granting

accelerated approval to the proposed

rule change.

I. Self-Regulatory Organization’s

Statement of the Terms of Substance of

the Proposed Rule Change

The Exchange proposes to adopt Rule

6.88 (‘‘Rule’’) to restrict the entry of

certain electronically created option

orders on the Exchange via the

Exchange’s Member Firm Interface

(‘‘MFI’’). The text of the Rule is set forth

below.

POETS

Pacific Options Exchange Trading System

Rule 6.88

(a) POETS is the Exchange’s automated

trading system comprised of the options

order routing system, the automated

execution system (Auto-Ex), the on-line limit