Federal Register / Vol. 60, No. 241 / Friday, December 15, 1995 / Notices 64457

Virginia 22161. Copies are available for

inspection and copying for a fee in the

NRC Public Document Room, 2120 L

Street, NW. (Lower Level), Washington,

DC.

For further information contact

George J. Mencinsky, Division of

Regulatory Applications, Office of

Nuclear Regulatory Research, Mail Stop

T–9 F31, U.S. Nuclear Regulatory

Commission, Washington, DC 20555,

telephone (301) 415–6206.

Dated at Rockville, Maryland, this 7th day

of December, 1995. For the Nuclear

Regulatory Commission.

Bill M. Morris,

Director, Division of Regulatory Applications,

Office of Nuclear Regulatory Research.

[FR Doc. 95–30584 Filed 12–14–95; 8:45 am]

BILLING CODE 7590–01–P

OFFICE OF PERSONNEL

MANAGEMENT

Excepted Service

AGENCY: Office of Personnel

Management.

ACTION: Notice.

SUMMARY: This gives notice of positions

placed or revoked under Schedules A

and B, and placed under Schedule C in

the excepted service, as required by

Civil Service Rule VI, Exceptions from

the Competitive Service.

FOR FURTHER INFORMATION CONTACT:

Patricia Paige, (202) 606–0830.

SUPPLEMENTARY INFORMATION: The Office

of Personnel Management published its

last monthly notice updating authorities

established or revoked under the

Excepted Service provisions of 5 CFR

213 on November 1, 1995 (60 FR 55613).

Individual authorities established or

revoked under Schedules A and B and

established under Schedule C between

October 1, 1995, and October 31, 1995,

appear in the listing below. Future

notices will be published on the fourth

Tuesday of each month, or as soon as

possible thereafter. A consolidated

listing of all authorities as of June 30

will also be published.

Schedule A

No Schedule A authorities were

established in October 1995.

The following exception was revoked:

Department of Treasury

U.S. Customs Service, positions of

part-time, intermittent, mixed tour, or

seasonal Customs Inspectors, Port

Directors, Inspectional Aides, Clerks

and Cashiers at remote/isolated

locations where examination is

impracticable. An individual appointed

under this authority may not be

employed in the Customs Service under

a combination of this and any other

appointment for more than 1,040

working hours in a service year.

Effective October 11, 1995.

Schedule B

No Schedule B authorities were

established or revoked in October 1995.

Schedule C

The following Schedule C authorities

were established in October 1995.

Commission on Civil Rights

Special Assistant to the Staff Director.

Effective October 11, 1995.

Department of Agriculture

Confidential Assistant to the Chief,

Natural Resources Conservation Service.

Effective October 13, 1995.

Confidential Assistant to the

Administrator, Foreign Agricultural

Service. Effective October 17, 1995.

Department of Commerce

Confidential Assistant to the Assistant

to the Secretary and Director, Office of

Policy and Strategic Planning. Effective

October 12, 1995.

Deputy Director to the Director, White

House Liaison. Effective October 23,

1995.

Special Assistant to the Director,

Minority Business Development

Agency. Effective October 26, 1995.

Special Assistant to the General

Counsel. Effective October 30, 1995.

Special Assistant to the Deputy

Assistant Secretary for U.S. and Foreign

Commercial Service. Effective October

31, 1995.

Department of Defense

Defense Fellow to the Deputy

Assistant Secretary of Defense, African

Affairs. Effective October 16, 1995.

Associate Director, Communications

to the Senior Director, Communications,

National Security Council. Effective

October 19, 1995.

Foreign Affairs Specialist to the

Deputy Assistant Secretary of Defense

(Peacekeeping and Peace Enforcement).

Effective October 25, 1995.

Department of Education

Executive Assistant to the Assistant

Secretary, Office of Vocational and

Adult Education. Effective October 10,

1995.

Special Assistant to the Director,

Office of Public Affairs. Effective

October 13, 1995.

Confidential Assistant to the

Secretary’s Regional Representative,

Region IX. Effective October 23, 1995.

Department of Energy

Special Assistant to the Assistant

Secretary for Policy. Effective October

10, 1995.

Staff Assistant to the Chief Financial

Officer. Effective October 10, 1995.

Department of Health and Human

Services

Confidential Assistant to the Assistant

Secretary for Public Affairs. Effective

October 10, 1995.

Strategic Planning and Policy

Coordinator to the Deputy Assistant

Secretary for Public Affairs (Policy and

Strategy). Effective October 19, 1995.

Department of Housing and Urban

Development

Special Assistant to the Secretary of

Housing and Urban Development.

Effective October 31, 1995.

Department of the Interior

Special Assistant to the Secretary of

Interior. Effective October 5, 1995.

Department of Labor

Legislative Assistant to the Assistant

Secretary for Congressional and

Intergovernmental Affairs. Effective

October 17, 1995.

Department of State

Legislative Management Officer to the

Assistant Secretary, Legislative Affairs.

Effective October 16, 1995.

Special Assistant to the Director of the

Policy Planning Staff. Effective October

19, 1995.

Department of Transportation

Special Assistant to the Secretary of

Transportation. Effective October 3,

1995.

Department of the Treasury

Assistant Director, Travel and Special

Events Services to the Director,

Administrative Operations Division.

Effective October 17, 1995.

Environmental Protection Agency

Senior Policy Advisor to the Director,

Common Sense Initiative Program Staff.

Effective October 31, 1995.

Federal Maritime Commission

Counsel to the Chairman, Federal

Maritime Commission. Effective October

24, 1995.

Federal Mine Safety and Health Review

Commission

Confidential Assistant to the

Chairman. Effective October 10, 1995.

General Services Administration

Congressional Liaison Officer to the

Associate Administrator for
64458 Federal Register / Vol. 60, No. 241 / Friday, December 15, 1995 / Notices

1To qualify as an ‘‘investment company’’ under

LSE rules, no more than 20% of the Applicant’s

assets on a consolidated basis may be invested in

the securities of any one company—including its

own subsidiaries, and the Applicant must be a

passive investor and not control the companies in

which it invests, other than companies through

which it invests (i.e., the Subsidiaries).

Congressional and Intergovernmental

Affairs. Effective October 31, 1995.

National Mediation Board

Confidential Assistant to a Board

Member. Effective October 31, 1995.

Office of National Drug Control Policy

Director, Communications Planning to

the Director, Office of National Drug

Control Policy. Effective October 19,

1995.

Small Business Administration

Deputy Assistant Administrator for

Congressional and Legislative Affairs to

the Assistant Administrator for

Congressional and Legislative Affairs.

Effective October 31, 1995.

Press Secretary and Special Assistant

to the Assistant Administrator for

Communications. Effective October 31,

1995.

United States Tax Court

Secretary (Confidential Assistant) to

the Judge. Effective October 11, 1995.

Authority: 5 U.S.C. 3301 and 3302; E.O.

10577, 3 CFR 1954–1958 Comp., P. 218

Office of Personnel Management

Lorraine A. Green,

Deputy Director.

[FR Doc. 95–30605 Filed 12–14–95; 8:45 am]

BILLING CODE 6325–01–M

SECURITIES AND EXCHANGE

COMMISSION

[Release No. IC–21588; 812–9632]

Wellington Underwriting plc; Notice of

Application

December 8, 1995.

AGENCY: Securities and Exchange

Commission (‘‘SEC’’).

ACTION: Notice of Application for

Exemption under the Investment

Company Act of 1940 (‘‘Act’’).

APPLICANT: Wellington Underwriting

plc.

RELEVANT ACT SECTION: Exemption

requested under Section 6(c).

SUMMARY OF APPLICATION: Applicant, a

United Kingdom company engaged in

the business of insurance, seeks an

order granting it a conditional

exemption from all provisions of the

Act. Because of its listing on the London

Stock Exchange as an ‘‘investment

company,’’ Applicant seeks to clarify its

status prior to a proposed offer and sale

of its American Depositary Shares in the

United States to assure that it will not

be required to register as an investment

company under the Act.

FILING DATES: The application was filed

on June 16, 1995, and amended on

October 17, 1995. Counsel for Applicant

has agreed to file a further amendment

during the notice period, the substance

of which is incorporated herein.

HEARING OR NOTIFICATION OF HEARING: An

order granting the application will be

issued unless the SEC orders a hearing.

Interested persons may request a

hearing by writing to the SEC’s

Secretary and serving Applicant with a

copy of the request, personally or by

mail. Hearing requests should be

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

January 2, 1996, and should be

accompanied by proof of service on the

Applicant, in the form of an affidavit or,

for lawyers, a certificate of service.

Hearing requests should state the nature

of the writer’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, SEC, 450 Fifth

Street NW., Washington, DC 20549.

Applicant, 2 Minster Court, Mincing

Lane, London, EC3R 7FB, England.

FOR FURTHER INFORMATION CONTACT:

H.R. Hallock, Jr., Special Counsel, at

(202) 942–0564 or C. David Messman,

Branch Chief, at (202) 942–0564

(Division of Investment Management,

Office of Investment Company

Regulation).

SUPPLEMENTARY INFORMATION: The

following is a summary of the

application. The complete application

may be obtained for a fee from the SEC’s

Public Reference Branch.

Applicant’s Representations

1. Applicant, a public holding

company incorporated under the laws of

England and Wales, was formed for the

purpose of allowing investors to

participate with limited liability in

underwriting insurance risks at Lloyd’s

of London (‘‘Lloyd’s’’). Applicant

underwrites at Lloyd’s through five

wholly-owned subsidiaries (the

‘‘Subsidiaries’’). The Subsidiaries have

received approval from Lloyd’s as

‘‘Corporate Members,’’ i.e., corporations

acting as insurance underwriters

through syndicates at Lloyd’s. The only

securities which the Applicant will own

are those of the Subsidiaries.

2. On November 23, 1994, Applicant

completed a placement of 17,250,000

Ordinary Shares. This included a

private placement in the United States

of 127,094 American Depository Shares

(representing 1,270,940 Ordinary

Shares) to eleven ‘‘accredited investors’’

within the meaning of Regulation D

under the Securities Act of 1933 (the

‘‘1933 Act’’). The balance of Applicant’s

Ordinary Shares were placed with 76

holders outside the United States.

3. Applicant’s shares are traded on the

London Stock Exchange (‘‘LSE’’), where

Applicant is listed as an ‘‘investment

company.’’ To be listed on the LSE, an

issuer must have three years of audited

financial statements unless it lists as an

‘‘investment company.’’ 1 Applicant

sought to be listed under this category

in order to facilitate an immediate

listing on the LSE which otherwise

would not have been possible for a new

issuer. Applicant is not otherwise

treated as an investment company in the

United Kingdom.

4. The Subsidiaries commenced

operations on January 1, 1995, engaging

exclusively in the insurance business of

acting as Corporate Members of

syndicates underwriting insurance at

Lloyd’s. The Subsidiaries underwrite

insurance at Lloyd’s through syndicates

managed by Wellington Underwriting

Agencies Limited, a wholly-owned

subsidiary of Wellington Underwriting

Holdings Limited. Pursuant to the LSE

Listing Rules and the rules of the

Council of Lloyd’s (the ‘‘Council’’), the

central body that regulates the affairs of

the Lloyd’s market, the Subsidiaries will

not transact any other business.

5. The Subsidiaries are regulated in

the U.K. as insurance companies, not

investment companies. Because they are

Corporate Members of Lloyd’s, the

Subsidiaries must comply with various

provisions of the U.K. Insurance

Companies Act 1982 and are subject to

oversight by the Secretary of State for

Trade and Industry. Most notably, U.K.

regulation focuses on solvency, the

fundamental principle of insurance

regulation, by requiring audited

statements and actuarial certificates for

Members’ accounts, trust funds for

premiums, and margins of solvency.

The British Department of Trade and

Industry also has significant powers to

regulate the market and affairs of

Members in the event that either Lloyd’s

underwriters taken as a whole or any

Member fails to satisfy regulatory

requirements. These powers include,

among others, the ability to regulate the

investment and custody of assets at

Lloyd’s, to limit (or terminate) the

writing of insurance, and to direct the

actions of the Council or other persons

at Lloyd’s.