37606 Federal Register / Vol. 63, No. 133 / Monday, July 13, 1998 / Notices

1Prevention of Certain Unlawful Activities With

Respect To Registered Investment Companies,

Investment Company Act Release No. 11421 (Oct.

31, 1980) [45 FR 73915 (Nov. 7, 1980)].

2Rule 17j–1 defines ‘‘access person’’ to include

directors, officers, general partners, and any

employee who, in connection with his or her

regular functions or duties, participates in the

selection of a fund’s portfolio securities or who has

access to information regarding a fund’s upcoming

purchases or sales of portfolio securities.

3Personal Investment Activities of Investment

Company Personnel and Codes of Ethics of

Investment Companies and their Investment

facility, including challenges to the

single-failure criterion, inadequate

safety evaluations, potential

overreliance on Yankee Atomic Electric

Company analyses, an inadequate

operational experience review program,

high potential for other serious safety

problems, and lack of adequate

perimeter security. The Petitioner also

attached four documents prepared by

the Union of Concerned Scientists

(UCS). One UCS document, dated May

14, 1998, provided a review of Vermont

Yankee Daily Event Reports (DERs)

made over the previous year as

requested by CAN. DERs are verbal

reports made by licensees under 10 CFR

50.72 to the NRC and put in written

form by the NRC. Another UCS

document, dated January 29, 1998, was

addressed to the NRC Region I Senior

Allegation Coordinator; it discussed a

specific concern with NRC Daily Event

Report 33545 of January 15, 1998,

associated with Vermont Yankee water

hammer on certain systems. The third

document, a UCS letter dated May 5,

1997, to the NRC Chairman and

Commissioners, discussed mislocated

fuel bundle loading errors. The final

UCS document attached was titled

‘‘Potential Nuclear Safety Hazard

Reactor Operation with Failed Fuel

Cladding,’’ dated April 2, 1998. By letter

dated June 9, 1998, Petitioner renewed

the request for relief based on the events

occurring on June 9, 1998, at Vermont

Yankee and reported by the licensee in

DER 34366. This event involved the

automatic shutdown of the reactor due

to problems in the feedwater system.

The Petitioner states that this event

indicates a lack of reasonable assurance

that safety-related systems at Vermont

Yankee will perform adequately.

The request is being treated pursuant

to 10 CFR 2.206 of the Commission’s

regulations. The request has been

referred to the Director of the Office of

Nuclear Reactor Regulation. As

provided by Section 2.206, appropriate

action will be taken on this petition

within a reasonable time.

By letter dated July 6, 1998, the

Director denied Petitioner’s request for

immediate action at Vermont Yankee

Nuclear Power Station.

A copy of the petition is available for

inspection at the Commission’s Public

Document Room at 2120 L Street, N.W.,

Washington, D.C. 20555–0001 and at the

local public document room located at

Brooks Memorial Library, 224 Main

Street, Brattleboro, VT 05301.

Dated at Rockville, Maryland, this 6th day

of July, 1998.

For the Nuclear Regulatory Commission.

Samuel J. Collins,

Director, Office of Nuclear Reactor

Regulation.

[FR Doc. 98–18547 Filed 7–10–98; 8:45 am]

BILLING CODE 7590–01–P

NUCLEAR REGULATORY

COMMISSION

Fire Barrier Penetration Seals in

Nuclear Power Plants; Availability of

Draft NUREG–1552, Supp. 1

AGENCY: Nuclear Regulatory

Commission.

ACTION: Notice of availability.

SUMMARY: The Nuclear Regulatory

Commission is announcing the

availability of Draft NUREG–1552,

Supplement 1, ‘‘Fire Barrier Penetration

Seals in Nuclear Power Plants,’’ dated

June 1998, for public comment.

Comments on the previously published

NUREG–1552, ‘‘Fire Barrier Penetration

Seals in Nuclear Power Plants,’’ July

1996, are also being accepted.

DATES: Submit comments by September

11, 1998. 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: NUREG–1552 and Draft

NUREG–1552, Supplement 1 are

available for inspection and copying for

a fee at the NRC Public Document

Room, 2120 L Street NW. (Lower Level),

Washington, DC 20038. A free single

copy of Draft NUREG–1552,

Supplement 1, to the extent of supply,

may be requested by writing to U.S.

Nuclear Regulatory Commission,

Printing and Graphics Branch,

Washington, DC 20555–0001.

FOR FURTHER INFORMATION CONTACT:

Chris Bajwa, Plant Systems Branch,

Division of Systems Safety and

Analysis, Office of Nuclear Reactor

Regulation, U.S. Nuclear Regulatory

Commission, Washington, DC 20555–

0001. Telephone: 301–415–1237

Electronic Access

Draft NUREG–1552, Supplement 1, is

also available electronically by visiting

NRC’s Home Page (http://www.nrc.gov).

Dated at Rockville, Maryland, this 6th day

of July, 1998.

For the Nuclear Regulatory Commission.

Gary Holahan,

Director, Division of Systems Safety and

Analysis, Office of Nuclear Reactor

Regulation.

[FR Doc. 98–18549 Filed 7–10–98; 8:45 am]

BILLING CODE 7590–01–P

SECURITIES AND EXCHANGE

COMMISSION

Existing Collection; Comment Request

Upon Written Request, Copies Available

From: Securities and Exchange

Commission, Office of Filings and

Information Services, 450 5th Street,

N.W., Washington, D.C. 20549

Extension:

Rule 17j–1 [17 CFR 270.17j–1], SEC File

No. 270–239, OMB Control No. 3235–

0224

Notice is hereby given that, pursuant

to the Paperwork Reduction Act of 1995

(44 U.S.C. 3501–3520), the Securities

and Exchange Commission (the

‘‘Commission’’) is soliciting comments

on the collection of information

summarized below. The Commission

plans to submit this existing collection

of information to the Office of

Management and Budget (‘‘OMB’’) for

extension and approval.

Rule 17j–1 under the Investment

Company Act of 1940 (15 U.S.C. 80a)

(the ‘‘Investment Company Act’’)

addresses conflicts of interest between

registered investment company (‘‘fund’’)

personnel and their funds that may arise

when fund personnel buy or sell

securities for their personal accounts

(‘‘personal investment activities’’). Rule

17j–1, which the Commission adopted

in 1980,1 generally prohibits fund

personnel from engaging in fraud in

connection with personal transactions

in securities held or to be acquired by

the fund. In order to prevent fraud, the

rule currently: (i) Requires a fund and

each investment adviser and principal

underwriter to the fund (collectively,

‘‘rule 17j–1 organizations’’) to adopt a

code of ethics (‘‘code’’) designed to

prevent ‘‘access persons’’ 2 from

engaging in fraudulent securities

activities, (ii) requires an access person

to report personal securities transactions

to his or her rule 17j–1 organization at

least quarterly, and (iii) requires a rule

17j–1 organization to maintain certain

records.

In 1995, the Commission issued a

release proposing amendments to rule

17j–1 (‘‘Proposing Release’’).3 The