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29370 Federal Register / Vol. 70, No.

97 / Friday, May 20, 2005 / Notices

at reactor core power levels not in Dated at Rockville, Maryland, this 12th day performance of the functions of the
excess of 2775 megawatts thermal in of May 2005. agency, including whether the
accordance with the provisions of the For The Nuclear Regulatory Commission. information will have practical utility;
FNP, Unit 2, renewed license and its Pao-Tsin Kuo, (b) the accuracy of the agency’s estimate
technical specifications. Program Director, License Renewal and of the burden of the collection of
The FNP units are Westinghouse Environmental Impacts Program, Division of information; (c) ways to enhance the
pressurized-water nuclear reactors Regulatory Improvement Programs, Office of quality, utility, and clarity of the
located in Houston County, Alabama, on Nuclear Reactor Regulation. information collected; and (d) ways to
the west bank of the Chattahoochee [FR Doc. E5–2556 Filed 5–19–05; 8:45 am] minimize the burden of the collection of
River. BILLING CODE 7590–01–P information on respondents, including
The application for the renewed through the use of automated collection
licenses complied with the standards techniques or other forms of information
and requirements of the Atomic Energy SECURITIES AND EXCHANGE technology. Consideration will be given
Act of 1954, as amended (the Act), and COMMISSION to comments and suggestions submitted
the Commission’s regulations. As in writing within 60 days of this
required by the Act and the Reinstatement; Comment Request publication.
Commission’s regulations in 10 CFR Please direct your written comments
Upon Written Request, Copies Available to R. Corey Booth, Chief Information
Chapter I, the Commission has made From: Securities and Exchange
appropriate findings, which are set forth Officer, Office of Information
Commission, Office of Filings and Technology, Securities and Exchange
in each license. Prior public notice of Information Services, Washington, DC
the proposed issuance of these renewed Commission, 450 5th Street, NW.,
20549. Washington, DC 20549.
licenses and of an opportunity for a
hearing regarding the proposed issuance [‘‘Tell Us How We’re Doing!’’, SEC File No. Dated: May 11, 2005.
of these renewed licenses was published 270–406, OMB Control No. 3235–0463] Margaret H. McFarland,
in the Federal Register on November 5, Notice is hereby given that, pursuant Deputy Secretary.
2003 (68 FR 62640). to the Paperwork Reduction Act of 1995 [FR Doc. 05–10172 Filed 5–19–05; 8:45 am]
For further details with respect to this (44 U.S.C. 3501 et seq.), the Securities BILLING CODE 8010–01–P
action, see (1) SNC’s license renewal and Exchange Commission
application for FNP, Units 1 and 2, (‘‘Commission’’) is soliciting comments
dated September 12, 2003; (2) the on the collection of information SECURITIES AND EXCHANGE
Commission’s safety evaluation report summarized below. The Commission COMMISSION
dated May 2005 (NUREG–1825); (3) the plans to submit this previously-
licensee’s updated final safety analysis approved questionnaire to the Office of Sunshine Act Meetings
report; and (4) the Commission’s final Management and Budget for approval. Notice is hereby given, pursuant to
environmental impact statement dated The Commission currently sends the the provisions of the Government in the
March 2005 (NUREG–1437, Supplement questionnaire to persons who have used Sunshine Act, Pub. L. 94–409, that the
18). These documents are available at the services of the Commission’s Office Securities and Exchange Commission
the NRC’s Public Document Room, One of Investor Education and Assistance. will hold the following meetings during
White Flint North, 11555 Rockville The questionnaire consists mainly of the week of May 23, 2005:
Pike, first floor, Rockville, Maryland eight (8) questions concerning the An open meeting will be held on
20852, and can be viewed from the NRC quality of services provided by OIEA. Monday, May 23, 2005, at 10 a.m., in
Public Electronic Reading Room at Most of the questions can be answered Room 1C30, the William O. Douglas
http://www.nrc.gov/reading-rm/ by checking a box on the questionnaire. Meeting Room, and a closed meeting
adams.html. The Commission needs the will be held on Wednesday, May 25,
Copies of Renewed Facility Operating information to evaluate the quality of 2005 at 2 p.m.
License Nos. NPF–2 and NPF–8 may be services provided by OIEA. Supervisory Commissioners, Counsel to the
obtained by writing to the U.S. Nuclear personnel of OIEA use the information Commissioners, the Secretary to the
Regulatory Commission, Washington, collected in assessing staff performance Commission, and recording secretaries
DC 20555–0001, Attention: Director, and for determining what improvements will attend the closed meeting. Certain
Division of Regulatory Improvement or changes should be made in OIEA staff members who have an interest in
Programs. Copies of the safety operations for services provided to the matters may also be present.
evaluation report (NUREG–1825) and investors. The General Counsel of the
the final environmental impact The respondents to the questionnaire Commission, or his designee, has
statement (NUREG–1437, Supplement are those investors who request certified that, in his opinion, one or
18) may be purchased from the National assistance or information from OIEA. more of the exemptions set forth in 5
Technical Information Service, The total reporting burden of the U.S.C. 552b(c)(3), (5), (7), (9)(B), and
Springfield, Virginia 22161–0002 questionnaire in 2004 was (10) and 17 CFR 200.402(a)(3), (5), (7),
(http://www.ntis.gov), 1–800–553–6847, approximately 5 hours and 45 minutes. 9(ii) and (10), permit consideration of
or the Superintendent of Documents, This was calculated by multiplying the the scheduled matters at the closed
U.S. Government Printing Office, P.O. total number of investors who meeting.
Box 371954, Pittsburgh, PA 15250–7954 responded to the questionnaire times Commissioner Goldschmid, as duty
(http://www.access.gpo.gov/su_docs/ how long it is estimated to take to officer, voted to consider the items
index.html), (202) 512–1800. All orders complete the questionnaire (23 listed for the closed meeting in closed
should clearly identify the NRC respondents × 15 minutes = 5 hours and session, and that no earlier notice
publication number and the requestor’s 45 minutes). thereof was possible.
Government Printing Office deposit Written comments are invited on: (a) The subject matter of the open
account number or VISA or MasterCard Whether the proposed collection of meeting scheduled for Monday, May 23,
number and expiration date. information is necessary for the proper 2005, will be:

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Federal Register / Vol. 70, No. 97 / Friday, May 20, 2005 / Notices 29371

The Commission will hear oral argument Dated: May 17, 2005. proposed rule change. The text of these
on an appeal by Rita J. McConville from the Jonathan G. Katz, statements may be examined at the
decision of an administrative law judge. The Secretary. places specified in Item III below. The
administrative law judge found that Exchange has prepared summaries, set
McConville, formerly the chief financial [FR Doc. 05–10173 Filed 5–17–05; 4:20 pm]
officer of Akorn, Inc. (‘‘Akorn’’), had BILLING CODE 8010–01–P forth in Sections A, B, and C below, of
significant responsibility for the financial the most significant aspects of such
statements in the Form 10–K for the year statements.
ended December 31, 2000 (the ‘‘2000 Form SECURITIES AND EXCHANGE A. Self-Regulatory Organization’s
10–K’’) filed by Akorn, which materially COMMISSION
inflated Akorn’s accounts receivable, net
Statement of the Purpose of, and
sales, and assets; caused Akorn to maintain [Release No. 34–51696; File No. SR–PCX– Statutory Basis for, the Proposed Rule
inaccurate books and records; and falsely 2005–50] Change
assured Akorn’s auditors that the financial 1. Purpose
statements in the 2000 Form 10–K complied Self-Regulatory Organizations; Pacific
with Generally Accepted Accounting Exchange, Inc.; Notice of Filing and On November 21, 2002, the
Principles and that she did not know of any Order Granting Accelerated Approval Commission approved, for a six-month
events that would materially impact those of Proposed Rule Change Relating to pilot period, the Exchange’s proposal to
financial statements. In so doing, the law a Pilot Rule Extension of a Waiver of amend PCX and PCXE arbitration rules
judge found, McConville violated Sections California Arbitrator Disclosure to require industry parties in arbitration
10(b) and 13(b)(5) of the Securities Exchange Standards
Act of 1934 and Rules 10b–5, 13b2–1 and to waive application of contested
13b2–2 thereunder, and caused Akorn to May 13, 2005. California arbitrator disclosure
violate Sections 13(a) and 13(b)(2) of the Pursuant to Section 19(b)(1) of the standards, upon the request of
Exchange Act and Rules 12b–20 and 13a–1 Securities Exchange Act of 1934 customers or, in employment
thereunder. The law judge ordered (‘‘Act’’),1 and Rule 19b–4 thereunder,2 discrimination cases, upon the request
McConville to cease and desist from violating of associated persons.3 The Commission
notice is hereby given that on April 12,
and causing violations of these provisions, approved an extension of the pilot
and to pay disgorgement in the amount of 2005 and on May 13, 2005 (Amendment
No. 1), the Pacific Exchange, Inc. period on May 15, 2003,4 November 19,
$115,858, plus prejudgment interest.
(‘‘PCX’’ or ‘‘Exchange’’) filed with the 2003,5 May 24, 2004,6 and November
Among the issues likely to be argued Securities and Exchange Commission 23, 2004.7 The pilot period is currently
are: (‘‘Commission’’) the proposed rule set to expire on May 25, 2005.
1. Whether McConville’s involvement change as described in Items I and II On July 1, 2002, the Judicial Council
in the preparation and filing of the 2000 below, which Items have been prepared of the State of California adopted new
Form 10–K was sufficient to provide a by the Exchange. The Commission is rules that mandated extensive
basis for liability; publishing this notice to solicit disclosure requirements for arbitrators
2. Whether McConville knew that comments on the proposed rule change in California (the ‘‘California
Akorn did not have a system of internal from interested persons and is Standards’’). The California Standards
accounting controls for its accounts approving the proposal on an are intended to address perceived
receivable necessary for the preparation accelerated basis. conflicts of interest in certain
of accurate financial statements and commercial arbitration proceedings. As
knowingly failed to implement such a I. Self-Regulatory Organization’s a result of the imposition of the
system; Statement of the Terms of Substance of California Standards on arbitrations
the Proposed Rule Change conducted under the auspices of self-
3. Whether the Order Instituting
Proceedings gave McConville adequate The Exchange and its wholly owned regulatory organizations (‘‘SROs’’), the
notice of the claims lodged against her subsidiary PCX Equities, Inc. (‘‘PCXE’’) National Association of Securities
and the grounds on which those claims are proposing to extend the pilot rule in Dealers, Inc. (‘‘NASD’’) and the New
allegedly rested; PCX Rule 12.1(i) and PCXE Rule 12.2(h), York Stock Exchange (‘‘NYSE’’)
4. Whether a cease-and-desist order which requires industry parties in suspended the appointment of
against McConville is in the public arbitration to waive application of arbitrators for cases pending in
interest; and contested California arbitrator California, and filed a joint complaint in
5. Whether disgorgement should be disclosure standards, upon the request federal court for declaratory relief in
ordered, and if so, in what amount. of customers (and, in industry cases, which they contend that the California
The subject matter of the closed upon the request of associated persons Standards cannot lawfully be applied to
meeting scheduled for Wednesday, May with claims of statutory employment NASD and NYSE because the California
25, 2005, will be: discrimination), for an additional six- Standards are preempted by federal law
month pilot period, until November 26, and are inapplicable to SROs under
Formal orders of investigations;
2005.
Institution and settlement of 3 See Exchange Act Release No. 46881 (November
injunctive actions; and II. Self-Regulatory Organization’s 21, 2002), 67 FR 71224 (November 29, 2002) (Order
Institution and settlement of Statement of the Purpose of, and approving SR–PCX–2002–71).
administrative proceedings of an Statutory Basis for, the Proposed Rule 4 See Exchange Act Release No. 47872 (May 15,

enforcement nature. Change 2003), 68 FR 28869 (May 27, 2003) (Order


approving SR–PCX–2003–22).
At times, changes in Commission In its filing with the Commission, the 5 See Exchange Act Release No. 48806 (November
priorities require alterations in the Exchange included statements 19, 2003), 68 FR 66521 (November 26, 2003) (Order
scheduling of meeting items. concerning the purpose of and basis for approving SR–PCX–2003–61).
For further information and to the proposed rule change and discussed 6 See Exchange Act Release No. 49758 (May 24,

ascertain what, if any, matters have been 2004), 69 FR 30734 (May 28, 2004) (Order
any comments it received on the approving SR–PCX–2004–25).
added, deleted or postponed, please 7 See Exchange Act Release No. 50731 (November
contact: The Office of the Secretary at 1 15 U.S.C. 78s(b)(1). 23, 2004), 69 FR 69660 (November 30, 2004) (Order
(202) 942–7070. 2 17 CFR 240.19b–4. approving SR–PCX–2004–104).

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