83 FR 44075 - Senior Executive Service Performance Review Board

NUCLEAR WASTE TECHNICAL REVIEW BOARD

Federal Register Volume 83, Issue 168 (August 29, 2018)

Page Range		44075-44076
FR Document		2018-18726

This notice announces the membership of the Nuclear Waste Technical Review Board (NWTRB) Senior Executive Service (SES) Performance Review Board (PRB).

Federal Register, Volume 83 Issue 168 (Wednesday, August 29, 2018)

[Federal Register Volume 83, Number 168 (Wednesday, August 29, 2018)]
[Notices]
[Pages 44075-44076]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-18726]


=======================================================================
-----------------------------------------------------------------------

NUCLEAR WASTE TECHNICAL REVIEW BOARD


Senior Executive Service Performance Review Board

AGENCY: U.S. Nuclear Waste Technical Review Board.

ACTION: Notice of Performance Review Board membership.

-----------------------------------------------------------------------

SUMMARY: This notice announces the membership of the Nuclear Waste 
Technical Review Board (NWTRB) Senior Executive Service (SES) 
Performance Review Board (PRB).

DATES: August 27, 2018.

FOR FURTHER INFORMATION CONTACT: Neysa M. Slater-Chandler by telephone 
at 703-235-4480, or via email at [email protected], or via mail 
at 2300 Clarendon Blvd., Suite 1300, Arlington, VA 22201.

SUPPLEMENTARY INFORMATION: 5 U.S.C. 4314(c)(1) through (5) requires 
each agency to establish, in accordance with regulations prescribed by 
the Office of Personnel Management, one or more SES Performance Review 
Boards.
    The PRB shall review and evaluate the initial summary rating of a 
senior executive's performance, the executive's response, and the 
higher-level official's comments on the initial summary rating. In 
addition, the PRB will review

[[Page 44076]]

and recommend executive performance bonuses and pay increases.
    5 U.S.C. 4314(c)(4) requires the appointment of board members to be 
published in the Federal Register. The following persons comprise a 
standing roster to serve as members of the SES PRB for the U.S. Nuclear 
Waste Technical Review Board:

Laura Dudes, Deputy Regional Administrator, Nuclear Regulatory 
Commission, Region II, Atlanta, GA
Raymond Lorson, Director, Division of Reactor Projects, Nuclear 
Regulatory Commission, Region I, King of Prussia, PA
Katherine R. Herrera, Technical Director, Defense Nuclear Facilities 
Safety Board, Washington, DC
Timothy J. Dwyer, Associate Technical Director for Nuclear Materials 
Processing and Stabilization, Defense Nuclear Facilities Safety Board, 
Washington, DC
Richard E. Tontodonato, Associate Technical Director for Nuclear Weapon 
Programs, Defense Nuclear Facilities Safety Board, Washington, DC

    Authority: 42 U.S.C. 10262.

    Dated: August 22, 2018.
Neysa M. Slater-Chandler,
Director of Administration, U.S. Nuclear Waste Technical Review Board.
[FR Doc. 2018-18726 Filed 8-28-18; 8:45 am]
 BILLING CODE 6820-AM-P

44076 Federal Register / Vol. 83, No. 168 / Wednesday, August 29, 2018 / Notices

and recommend executive performance Change was published for comment in II. Description of the Amended
bonuses and pay increases. the Federal Register on December 26, Proposed Rule Change 11
5 U.S.C. 4314(c)(4) requires the 2017.4 On January 25, 2018, the The Amended Proposed Rule Change
appointment of board members to be Commission designated a longer period concerns proposed changes to OCC’s
published in the Federal Register. The of time for Commission action on the Rules and By-Laws to enhance OCC’s
following persons comprise a standing Proposed Rule Change.5 On March 22, existing tools to address the risks of
roster to serve as members of the SES 2018, the Commission published an liquidity shortfalls and credit losses and
PRB for the U.S. Nuclear Waste order to institute proceedings to to establish new tools by which OCC
Technical Review Board: determine whether to approve or could re-establish a matched book and,
Laura Dudes, Deputy Regional disapprove the Proposed Rule Change.6 if necessary, allocate uncovered losses
Administrator, Nuclear Regulatory following the default of a Clearing
Commission, Region II, Atlanta, GA On July 11, 2018, OCC filed
Member as well as provide for
Raymond Lorson, Director, Division of Amendment No. 1 to the Proposed Rule
additional financial resources. Each of
Reactor Projects, Nuclear Regulatory Change.7 On July 12, 2018, OCC filed the proposed tools is contemplated to be
Commission, Region I, King of Amendment No. 2 to the Proposed Rule deployed by OCC in an extreme stress
Prussia, PA Change.8 Therefore, the Proposed Rule event that has placed OCC into a
Katherine R. Herrera, Technical Change, as modified by Amendment No. recovery or orderly wind-down
Director, Defense Nuclear Facilities 2, reflects the changes proposed. Notice scenario. The proposed changes include
Safety Board, Washington, DC of Amendments No. 1 and 2 to the modifying OCC’s powers of assessment,
Timothy J. Dwyer, Associate Technical Proposed Rule Change was published introducing a framework for requesting
Director for Nuclear Materials for public comment in the Federal voluntary payments to the Clearing
Processing and Stabilization, Defense Register on August 2, 2018.9 Comments Fund, and establishing OCC’s authority
Nuclear Facilities Safety Board, received on the Proposed Rule Change to extinguish open positons (i.e.,
Washington, DC are discussed below.10 This order conduct tear-ups) as well as authorizing
Richard E. Tontodonato, Associate approves the Proposed Rule Change as OCC’s Board of Directors (‘‘Board’’) to
Technical Director for Nuclear modified by Amendment No. 2 re-allocate losses from tear-ups.
Weapon Programs, Defense Nuclear (‘‘Amended Proposed Rule Change’’).
Facilities Safety Board, Washington, A. Proposed Changes to OCC Powers of
DC Assessment
4 Securities Exchange Act Release No. 82531 (Dec.
Authority: 42 U.S.C. 10262. OCC maintains a Clearing Fund
19, 2017), 82 FR 61107 (Dec. 26, 2017) (SR–OCC– comprised of required contributions
Dated: August 22, 2018. 2017–020) (‘‘Notice’’). On December 8, 2017, OCC
from Clearing Members, and OCC has
Neysa M. Slater-Chandler, also filed a related advance notice (SR–OCC–2017–
809) (‘‘Advance Notice’’) with the Commission authority to use the Clearing Fund, by
Director of Administration, U.S. Nuclear pursuant to Section 806(e)(1) of Title VIII of the a proportionate charge or otherwise, to
Waste Technical Review Board. Dodd-Frank Wall Street Reform and Consumer cover certain losses suffered by OCC.12
[FR Doc. 2018–18726 Filed 8–28–18; 8:45 am] Protection Act, entitled the Payment, Clearing, and When an amount is paid out of a
BILLING CODE 6820–AM–P Settlement Supervision Act of 2010 and Rule 19b– Clearing Member’s required
4(n)(1)(i) under the Exchange Act. 12 U.S.C. contribution to the Clearing Fund, the
5465(e)(1) and 17 CFR 240.19b–4(n)(1)(i), Clearing Member is generally required
respectively. The Advance Notice was published in
SECURITIES AND EXCHANGE the Federal Register on January 23, 2018. Securities
to promptly make good any deficiency
COMMISSION Exchange Act Release No. 82513 (Jan. 17, 2017), 83 in its required contribution to the
FR 3244 (Jan. 23, 2018) (SR–OCC–2017–809). Clearing Fund from such payment.13
[Release No. 34–83916; File No. SR–OCC–
The Financial Stability Oversight Council Generally, this requirement to promptly
2017–020]
designated OCC a systemically important financial make good on any deficiency arising
Self-Regulatory Organizations; The market utility on July 18, 2012. See Financial from the default of a Clearing Member
Options Clearing Corporation; Order Stability Oversight Council 2012 Annual Report, has been referred to as an ‘‘assessment’’
Appendix A, available at http://www.treasury.gov/ by OCC against a Clearing Member;
Approving Proposed Rule Change, as initiatives/fsoc/Documents/2012%20Annual
Modified by Amendment No. 2, however, as further described below,
%20Report.pdf. Therefore, OCC is required to
Concerning Enhanced and New Tools comply with the Payment, Clearing and Settlement
OCC is making clarifying changes to a
for Recovery Scenarios Supervision Act and file advance notices with the Clearing Member’s obligation to
Commission. See 12 U.S.C. 5465(e). contribute to the Clearing Fund,
August 23, 2018. 5 Securities Exchange Act Release No. 82585 (Jan. including defining and delineating
25, 2018), 83 FR 4526 (Jan. 31, 2018) (File No. SR– between a Clearing Member’s obligation
I. Introduction
OCC–2017–020).
On December 18, 2017, The Options 6 Securities Exchange Act Release No. 82926 11 Capitalized terms used but not defined herein

Clearing Corporation (‘‘OCC’’) filed with (Mar. 22, 2018), 83 FR 13171 (Mar. 27, 2018) (File have the meanings specified in OCC’s Rules and By-
the Securities and Exchange No. SR–OCC–2017–020). Laws, available at https://www.theocc.com/about/
publications/bylaws.jsp.
Commission (‘‘Commission’’) the 7 In Amendment No. 1, OCC made certain
12 See OCC By-Laws, Article VIII. For example,
proposed rule change SR–OCC–2017– changes to clarify the use of the recovery tools and
under Section 5 of Article VIII of the OCC By-Laws,
to improve the overall transparency regarding the
020 (‘‘Proposed Rule Change’’) pursuant when a Clearing Member defaults, OCC will pay for
use of the recovery tools. the resulting losses or expenses by first applying
to Section 19(b) of the Securities 8 Amendment No. 2 superseded and replaced other funds available to OCC in the accounts of the
sradovich on DSK3GMQ082PROD with NOTICES

Exchange Act of 1934 (‘‘Exchange Amendment No. 1 in its entirety, due to technical defaulting Clearing Member and then applying the
Act’’),1 and Rule 19b–4 2 thereunder defects in Amendment No. 1. defaulting Clearing Member’s required contribution
concerning enhanced and new tools for 9 Securities Exchange Act Release No. 83725 (Jul. to the Clearing Fund. If the losses and expenses
recovery scenarios.3 The Proposed Rule exceed those amounts, then OCC will charge the
27, 2018), 83 FR 37839 (Aug. 2, 2018) (‘‘Notice of
amount of the remaining deficiency on a
Amendment’’). proportionate basis against all non-defaulting
1 15 U.S.C. 78s(b)(1). 10 The letters are available at: https://
Clearing Members’ required contributions to the
2 17 CFR 240.19b–4. www.sec.gov/comments/sr-occ-2017-022/ Clearing Fund.
3 See Notice infra note 4, 82 FR 61107. occ2017020.htm. 13 See OCC By-Laws, Article VIII, Section 6.

VerDate Sep<11>2014 17:04 Aug 28, 2018 Jkt 244001 PO 00000 Frm 00062 Fmt 4703 Sfmt 4703 E:\FR\FM\29AUN1.SGM 29AUN1

Document Created: 2018-08-29 00:13:07
Document Modified: 2018-08-29 00:13:07

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
Action		Notice of Performance Review Board membership.
Dates		August 27, 2018.
Contact		Neysa M. Slater-Chandler by telephone at 703-235-4480, or via email at [email protected], or via mail at 2300 Clarendon Blvd., Suite 1300, Arlington, VA 22201.
FR Citation		83 FR 44075