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Federal Register / Vol. 86, No. 124 / Thursday, July 1, 2021 / Rules and Regulations
completely reviewed and approved in the design certification rulemaking and do not require a change to a design feature in the generic DCD are governed by the requirements in 50.109 of this chapter.
Changes that require a change to a design feature in the generic DCD are governed by the requirements in paragraph A or B of this section.
2. Changes to U.S. ABWR DC generic TS
and other operational requirements are applicable to all applicants who reference this appendix, except those for which the change has been rendered technically irrelevant by action taken under paragraph C.3 or C.4 of this section.
3. The Commission may require plantspecific departures on generic TS and other operational requirements that were completely reviewed and approved, provided a change to a design feature in the generic DCD is not required and special circumstances, as defined in 2.335 of this chapter are present. The Commission may modify or supplement generic TS and other operational requirements that were not completely reviewed and approved or require additional TS and other operational requirements on a plant-specific basis, provided a change to a design feature in the generic DCD is not required.
4. An applicant who references this appendix may request an exemption from the generic TS or other operational requirements.
The Commission may grant such a request only if it determines that the exemption will comply with the requirements of 52.7. The granting of an exemption must be subject to litigation in the same manner as other issues material to the license hearing.
5. A party to an adjudicatory proceeding for the issuance, amendment, or renewal of a license, or for operation under 52.103a, who believes that an operational requirement approved in the DCD or a TS derived from the generic TS must be changed, may petition to admit such a contention into the proceeding. The petition must comply with the general requirements of 2.309 of this chapter and must either demonstrate why special circumstances as defined in 2.335 of this chapter are present or demonstrate that the proposed change is necessary for compliance with the Commissions regulations applicable and in effect, as set forth in Section V of this appendix. Any other party may file a response to the petition. If, on the basis of the petition and any response, the presiding officer determines that a sufficient showing has been made, the presiding officer shall certify the matter directly to the Commission for determination of the admissibility of the contention. All other issues with respect to the plant-specific TS or other operational requirements are subject to a hearing as part of the licensing proceeding.
6. After issuance of a license, the generic TS have no further effect on the plantspecific TS. Changes to the plant-specific TS
will be treated as license amendments under 50.90 of this chapter.

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IX. Reserved X. Records and Reporting A. Records 1. The applicant for this appendix shall maintain a copy of the generic DCD that includes all generic changes that are made to Tier 1 and Tier 2, and the generic TS and other operational requirements. The applicant shall maintain the sensitive unclassified non-safeguards information including proprietary information and security-related information and safeguards information referenced in the generic DCD
for the period that this appendix may be referenced, as specified in Section VII of this appendix.
2. An applicant or licensee who references this appendix shall maintain the plantspecific DCD to accurately reflect both generic changes to the generic DCD and plant-specific departures made under Section VIII of this appendix throughout the period of application and for the term of the license including any periods of renewal.
3. An applicant or licensee who references this appendix shall prepare and maintain written evaluations which provide the bases for the determinations required by Section VIII of this appendix. These evaluations must be retained throughout the period of application and for the term of the license including any periods of renewal.
4.a. The applicant for the U.S. ABWR
design shall maintain a copy of the aircraft impact assessment performed to comply with the requirements of 50.150a of this chapter for the term of the certification including any periods of renewal.
b. An applicant or licensee who references this appendix shall maintain a copy of the aircraft impact assessment performed to comply with the requirements of 50.150a of this chapter throughout the pendency of the application and for the term of the license including any periods of renewal.
B. Reporting 1. An applicant or licensee who references this appendix shall submit a report to the NRC containing a brief description of any plant-specific departures from the DCD, including a summary of the evaluation of each departure. This report must be filed in accordance with the filing requirements applicable to reports in 52.3.
2. An applicant or licensee who references this appendix shall submit updates to its plant-specific DCD, which reflect the generic changes to and plant-specific departures from the generic DCD made under Section VIII of this appendix. These updates shall be filed under the filing requirements applicable to final safety analysis report updates in 50.71e of this chapter and 52.3.
3. The reports and updates required by paragraphs X.B.1 and X.B.2 of this appendix must be submitted as follows:
a. On the date that an application for a license referencing this appendix is submitted, the application must include the report and any updates to the generic DCD.
b. During the interval from the date of application for a license to the date the Commission makes its finding required by 52.103g of this chapter, the report must be
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submitted semi-annually. Updates to the plant-specific DCD must be submitted annually and may be submitted along with amendments to the application.
c. After the Commission makes the finding required by 52.103g, the reports and updates to the plant-specific DCD must be submitted, along with updates to the sitespecific portion of the final safety analysis report for the facility, at the intervals required by 50.59d2 and 50.71e4 of this chapter, respectively, or at shorter intervals as specified in the license.
Dated: June 23, 2021.
For the Nuclear Regulatory Commission.
Annette Vietti-Cook, Secretary of the Commission.
FR Doc. 202113801 Filed 63021; 8:45 am BILLING CODE 759001P

NATIONAL CREDIT UNION
ADMINISTRATION
12 CFR Part 702
RIN 3133AF03

Transition to the Current Expected Credit Loss Methodology National Credit Union Administration NCUA.
ACTION: Final rule.
AGENCY:

This final rule facilitates the transition of federally insured credit unions FICUs to the current expected credit loss CECL methodology required under Generally Accepted Accounting Principles GAAP. The final rule provides that, for purposes of determining a FICUs net worth classification under the prompt corrective action PCA regulations, the Board will phase-in the day-one adverse effects on regulatory capital that may result from adoption of CECL.
Consistent with regulations issued by the other federal banking agencies, the final rule will temporarily mitigate the adverse PCA consequences of the dayone capital adjustments, while requiring that FICUs account for CECL for other purposes, such as Call Reports. The final rule also provides that FICUs with less than $10 million in assets are no longer required to determine their charges for loan losses in accordance with GAAP. These FICUs may instead use any reasonable reserve methodology incurred loss, provided that it adequately covers known and probable loan losses. The final rule follows publication of an August 19, 2020, proposed rule and takes into consideration the public comments received on the proposed rule.
DATES: Effective August 2, 2021.
SUMMARY:

E:FRFM01JYR1.SGM

01JYR1