Federal Register / Vol. 62, No. 55 / Friday, March 21, 1997 / Notices 13727

to be discussed at the meeting. Members

of the public may also make requests to

speak at the meeting, but permission to

speak will be determined by the

Committee chairperson in accordance

with procedures established by the

Committee. A verbatim transcription

will be made of the NSRRC meeting and

a copy of the transcript will be placed

in the NRC’s Public Document Room in

Washington, DC.

Any inquiries regarding this notice or

any subsequent changes in the status

and schedule of the meeting, may be

made to the NSRRC Designated Federal

Officer, Dr. Jose Luis M. Cortez

(telephone: 301–415–6596), between

9:00 am and 5:00 pm. Persons planning

to attend these meetings are encouraged

to contact the above named individual

one or two business days before the

scheduled meeting to be advised of any

changes in schedule, etc., that may have

occurred.

Dated at Rockville, Maryland this 17th day

of March, 1997.

For the Nuclear Regulatory Commission.

Andrew L. Bates,

Federal Advisory Committee Management

Officer.

[FR Doc. 97–7176 Filed 3–20–97; 8:45 am]

BILLING CODE 7590–01–P

Regulatory Guides; Issuance and

Availability

The Nuclear Regulatory Commission

has issued for public comment drafts of

three guides for its Regulatory Guide

Series. This series has been developed

to describe and make available to the

public such information as methods

acceptable to the NRC staff for

implementing specific parts of the

Commission’s regulations, techniques

used by the staff in evaluating specific

problems or postulated accidents, and

data needed by the staff in its review of

applications for permits and licenses.

The draft guides are temporarily

identified by their task numbers, DG–

0006, DG–0007, and DG–0009 (which

should be mentioned in all

correspondence concerning these draft

guides). DG–0006, ‘‘Guide for the

Preparation of Applications for

Commercial Nuclear Pharmacy

Licenses,’’ is being developed to provide

guidance to applicants and licensees in

preparing applications for new licenses,

license amendments, and license

renewals for the possession, use, and

distribution of byproduct material in

commercial nuclear pharmacy

operations. DG–0007, ‘‘Guide for the

Preparation of Applications for Licenses

To Authorize Distribution of Various

Items to Commercial Nuclear

Pharmacies and Medical Use

Licensees,’’ is being developed to

provide guidance to applicants and

licensees on preparing applications for

new licenses, license amendments, and

license renewals for medical

distribution licenses under 10 CFR Part

32, ‘‘Specific Domestic Licenses To

Manufacture or Transfer Certain Items

Containing Byproduct Material.’’ DG–

0009, which is a proposed supplement

to Revision 2 to Regulatory Guide 10.8,

‘‘Guide for the Preparation of

Applications for Medical Use

Programs,’’ is being developed to

conform Regulatory Guide 10.8 with

current medical use regulations. DG–

0009 also proposes to add a new

appendix to Regulatory Guide 10.8,

Appendix Y, ‘‘Provisions for Research

Involving Human Subjects.’’ All three of

these guides are in conformance with

new medical use regulations (59 FR

61767) that became effective on January

1, 1996.

The development of these guides has

included coordination with the NRC’s

Advisory Committee on the Medical

Uses of Isotopes (which includes a

nuclear pharmacist), the NRC’s Medical

Visiting Fellow (a physician with

special expertise in nuclear medicine),

and a former NRC Medical Visiting

Fellow (a nuclear pharmacist).

These draft guides are being issued to

involve the public in the early stages of

the development of a regulatory position

in these areas. They have not received

complete staff review and do not

represent an official NRC staff position.

Public comments are being solicited

on the draft guides. Comments should

be accompanied by supporting data.

Written comments may be submitted to

the Rules Review and Directives Branch,

Division of Freedom of Information and

Publications Services, Office of

Administration, U.S. Nuclear Regulatory

Commission, Washington, DC 20555.

Comments will be most helpful if

received by July 31, 1997.

Comments may be submitted

electronically, in either ASCII text or

Wordperfect format (version 5.1 or

later), by calling the NRC Electronic

Bulletin Board on FedWorld. The

bulletin board may be accessed using a

personal computer, a modem, and one

of the commonly available

communications software packages, or

directly via Internet.

If using a personal computer and

modem, the NRC subsystem on

FedWorld can be accessed directly by

dialing the toll free number: 1–800–

303–9672. Communication software

parameters should be set as follows:

parity to none, data bits to 8, and stop

bits to 1 (N,8,1). Using ANSI or VT–100

terminal emulation, the NRC NUREGs

and RegGuides for Comment subsystem

can then be accessed by selecting the

‘‘Rules Menu’’ option from the ‘‘NRC

Main Menu.’’ For further information

about options available for NRC at

FedWorld, consult the ‘‘Help/

Information Center’’ from the ‘‘NRC

Main Menu.’’ Users will find the

‘‘FedWorld Online User’s Guides’’

particularly helpful. Many NRC

subsystems and databases also have a

‘‘Help/Information Center’’ option that

is tailored to the particular subsystem.

The NRC subsystem on FedWorld can

also be accessed by a direct dial phone

number for the main FedWorld BBS,

703–321–3339, or by using Telnet via

Internet, fedworld.gov. If using 703–

321–3339 to contact FedWorld, the NRC

subsystem will be accessed from the

main FedWorld menu by selecting the

‘‘Regulatory, Government

Administration and State Systems,’’

then selecting ‘‘Regulatory Information

Mall.’’ At that point, a menu will be

displayed that has an option ‘‘U.S.

Nuclear Regulatory Commission’’ that

will take you to the NRC Online main

menu. The NRC Online area also can be

accessed directly by typing ‘‘/go nrc’’ at

a FedWorld command line. If you access

NRC from FedWorld’s main menu, you

may return to FedWorld by selecting the

‘‘Return to FedWorld’’ option from the

NRC Online Main Menu. However, if

you access NRC at FedWorld by using

NRC’s toll-free number, you will have

full access to all NRC systems but you

will not have access to the main

FedWorld system.

If you contact FedWorld using Telnet,

you will see the NRC area and menus,

including the Rules menu. Although

you will be able to download

documents and leave messages, you will

not be able to write comments or upload

files (comments). If you contact

FedWorld using FTP, all files can be

accessed and downloaded but uploads

are not allowed; all you will see is a list

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 these draft

regulatory guides, contact Dr. D. Howe,
13728 Federal Register / Vol. 62, No. 55 / Friday, March 21, 1997 / Notices

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

2 17 CFR 240.19b–4.

3Securities Exchange Act Release No. 38243

(February 5, 1997), 62 FR 6590.

4For purposes of this Rule, an ‘‘account’’ would

be deemed to be any account in which the same

person or persons is directly or indirectly

interested.

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

(301) 415–7848, email dbh@nrc.gov; or

Dr. S. Jones, (301)415–6198, email

szj@nrc.gov.

Although a time limit is given for

comments on these drafts, comments

and suggestions in connection with (1)

Items for inclusion in guides currently

being developed or (2) improvements in

all published guides are encouraged at

any time.

Regulatory guides are available for

inspection at the Commission’s Public

Document Room, 2120 L Street NW.,

Washington, DC. Requests for single

copies of final or draft 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: Director, 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 4th day

of March 1997.

For the Nuclear Regulatory Commission.

Bill M. Morris,

Director, Division of Regulatory Applications

Office of Nuclear Regulatory Research.

[FR Doc. 97–7180 Filed 3–20–97; 8:45 am]

BILLING CODE 7590–01–P

SECURITIES AND EXCHANGE

COMMISSION

Sunshine Act Meeting

Notice is hereby given, pursuant to

the provisions of the Government in the

Sunshine Act, Pub. L. 94–409, that the

Securities and Exchange Commission

will hold the following closed meeting

during the week of March 24, 1997.

A closed meeting will be held on

Thursday, March 27, 1997, at 10:00 a.m.

Commissioners, Counsel to the

Commissioners, the Secretary to the

Commission, and recording secretaries

will attend the closed meeting. Certain

staff members who have an interest in

the matters may also be present.

The General Counsel of the

Commission, or his designee, has

certified that, in his opinion, one or

more of the exemptions set forth in 5

U.S.C. 552b(c)(4), (8), (9)(A) and (10)

and 17 CFR 200.402(a)(4), (8), (9)(i) and

(10), permit consideration of the

scheduled matters at the closed meeting.

Commissioner Johnson, as duty

officer, voted to consider the items

listed for the closed meeting in a closed

session.

The subject matter of the closed

meeting scheduled for Thursday, March

27, 1997, at 10:00 a.m., will be:

Institution and settlement of injunctive

actions.

Institution and settlement of

administrative proceedings of an

enforcement nature.

At times, changes in Commission

priorities require alterations in the

scheduling of meeting items. For further

information and to ascertain what, if

any, matters have been added, deleted

or postponed, please contact: The Office

of the Secretary at (202) 942–7070.

Dated: March 19, 1997.

Jonathan G. Katz,

Secretary.

[FR Doc. 97–7390 Filed 3–19–97; 3:39 pm]

BILLING CODE 8010–01–M

[Release No. 34–38409; File No. SR–Amex97–02]

Self-Regulatory Organizations; Order

Granting Approval to Proposed Rule

Change by American Stock Exchange,

Inc., Relating to Amendments to Rules

103 and 950 Regarding Intra-day

Trading

March 14, 1997.

I. Introduction

On January 22, 1997, the American

Stock Exchange, Inc. (‘‘Amex’’ or

‘‘Exchange’’) submitted to the Securities

and Exchange Commission (‘‘SEC’’ or

‘‘Commission’’), pursuant to Section

19(b)(1) of the Securities Exchange Act

of 1934 (‘‘Act’’) 1 and Rule 19b–4

thereunder,2 a proposed rule change to

adopt provisions restricting intro-day

trading.

The proposed rule change was

published for comment in the Federal

Register on February 12, 1997.3 No

comments were received on the

proposal. This order approves the

proposal.

II. Description of the Proposal

Presently, Rule 103(c) prohibits an

Amex Floor member, with certain

exceptions, from exercising discretion

with respect to the choice of security to

be bought or sold, the total amount of

the security to be bought or sold, or

whether the transaction shall be a

purchase or sale. Currently, there are no

provisions in Rule 103(c), or otherwise,

specifically governing the practice of

intra-day trading. The term ‘‘intra-day

trading’’ refers to the practice whereby

a customer places orders on both sides

of the market and attempts to profit by

buying at the bid and selling at the offer.

The Exchange proposed to amend

Rule 103 to add new intra-day trading

provisions. These provisions will apply

only when a Floor member

simultaneously represents, for the same

customer’s account,4 market or limit

orders on both sides of a minimum

variation market. Under the proposal, if

a Floor member acquires a position on

behalf of an intra-day trader’s account,

Rule 103(c)(2) will place certain

restrictions on how the member can

liquidate or cover that position during

the same trading session. Specifically,

the member will be required to obtain

a new liquidating order (i.e., one

entered subsequent to the acquisition of

the contra-side position) from his or her

customer. The new order must be timerecorded both upstairs and upon receipt

on the Trading Floor.

Proposed Rule 103(c)(3) will require

the Floor member to execute the

liquidating order entered pursuant to

Rule 103(c)(2) before he or she can

execute any other order for the same

account on the same side of the market

as that liquidating order. Pursuant to

proposed Commentary .01 to Rule 103,

the new provisions will not apply,

however, to the execution of: an order

to liquidate or cover a position carried

over from a previous trading session; a

position assumed as part of a strategy

relating to bona fide arbitrage; or a

position assumed in reliance on the

exemption for block positioners.

Proposed Commentary .02 sets forth

examples of how the provisions of Rule

103(c)(2) and (3) will operate, while

proposed Commentary .03 details the

types of orders that a Floor member may

handle simultaneously, without

violating Rule 103’s prohibition against

a member choosing whether a

transaction will be a purchase or sale.

III. Discussion

After careful review, the Commission

finds that the proposed rule change is

consistent with the requirements of the

Act and the rules and regulations

thereunder applicable to a national

securities exchange. Specifically, the

Commission believe the proposal is

consistent with the requirements of

Section 6(b)(5) of the Act.5