New Postal Product, 22169-22170 [2014-08953]
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Federal Register / Vol. 79, No. 76 / Monday, April 21, 2014 / Notices
need a reasonable accommodation to
participate in these public meetings, or
need this meeting notice or the
transcript or other information from the
public meetings in another format (e.g.
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Kimberly Meyer, NRC Disability
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Dated: April 17, 2014.
Rochelle Bavol,
Policy Coordinator, Office of the Secretary.
[FR Doc. 2014–09116 Filed 4–17–14; 4:15 pm]
BILLING CODE 7590–01–P
POSTAL REGULATORY COMMISSION
[Docket No. CP2014–45; Order No. 2054]
New Postal Product
Postal Regulatory Commission.
Notice.
AGENCY:
ACTION:
The Commission is noticing a
recent Postal Service filing requesting
the addition of a Global Plus 1C
negotiated service agreement to the
competitive product list. This notice
informs the public of the filing, invites
public comment, and takes other
administrative steps.
DATES: Comments are due: April 23,
2014.
SUMMARY:
Submit comments
electronically via the Commission’s
Filing Online system at https://
www.prc.gov. Those who cannot submit
comments electronically should contact
the person identified in the FOR FURTHER
INFORMATION CONTACT section by
telephone for advice on filing
alternatives.
ADDRESSES:
FOR FURTHER INFORMATION CONTACT:
ehiers on DSK2VPTVN1PROD with NOTICES
III. Ordering Paragraphs
It is ordered:
1. The Commission establishes Docket
No. CP2014–45 for consideration of the
matters raised by the Postal Service’s
Notice.
2. Pursuant to 39 U.S.C. 505, Curtis E.
Kidd is appointed to serve as an officer
of the Commission to represent the
interests of the general public in this
proceeding (Public Representative).
3. Comments are due no later than
April 23, 2014.
4. The Secretary shall arrange for
publication of this Order in the Federal
Register.
By the Commission.
Shoshana M. Grove,
Secretary.
[FR Doc. 2014–09004 Filed 4–18–14; 8:45 am]
BILLING CODE 7710–FW–P
POSTAL REGULATORY COMMISSION
[Docket No. CP2014–44; Order No. 2053]
New Postal Product
Postal Regulatory Commission.
Notice.
The Commission is noticing a
recent Postal Service filing requesting
the addition of an International
Business Reply Service Competitive
SUMMARY:
I. Introduction
On April 15, 2014, the Postal Service
filed notice that it has entered into an
Jkt 232001
The Commission establishes Docket
No. CP2014–45 for consideration of
matters raised by the Notice.
The Commission invites comments on
whether the Postal Service’s filing is
consistent with 39 U.S.C. 3632, 3633, or
3642, 39 CFR part 3015, and 39 CFR
part 3020, subpart B. Comments are due
no later than April 23, 2014. The public
portions of the filing can be accessed via
the Commission’s Web site (https://
www.prc.gov).
The Commission appoints Curtis E.
Kidd to serve as Public Representative
in this docket.
ACTION:
Table of Contents
I. Introduction
II. Notice of Commission Action
III. Ordering Paragraphs
15:19 Apr 18, 2014
II. Notice of Commission Action
AGENCY:
David A. Trissell, General Counsel, at
202–789–6820.
SUPPLEMENTARY INFORMATION:
VerDate Mar<15>2010
additional Global Plus 1C negotiated
service agreement (Agreement).1
To support its Notice, the Postal
Service filed a copy of the Agreement,
a copy of the Governors’ Decision
authorizing the product, a certification
of compliance with 39 U.S.C. 3633(a),
and an application for non-public
treatment of certain materials. It also
filed supporting financial workpapers.
1 Notice of the United States Postal Service of
Filing a Functionally Equivalent Global Plus 1C
Negotiated Service Agreement and Application for
Non-Public Treatment of Materials Filed Under
Seal, April 15, 2014 (Notice).
PO 00000
Frm 00090
Fmt 4703
Sfmt 4703
22169
Contract 3 (IBRS 3) negotiated service
agreement to the competitive product
list. This notice informs the public of
the filing, invites public comment, and
takes other administrative steps.
DATES: Comments are due: April 22,
2014.
Submit comments
electronically via the Commission’s
Filing Online system at https://
www.prc.gov. Those who cannot submit
comments electronically should contact
the person identified in the FOR FURTHER
INFORMATION CONTACT section by
telephone for advice on filing
alternatives.
ADDRESSES:
FOR FURTHER INFORMATION CONTACT:
David A. Trissell, General Counsel, at
202–789–6820.
SUPPLEMENTARY INFORMATION:
Table of Contents
I. Introduction
II. Notice of Commission Action
III. Ordering Paragraphs
I. Introduction
On April 14, 2014, the Postal Service
filed notice that it has entered into an
additional International Business Reply
Service Competitive Contract 3 (IBRS 3)
negotiated service agreement
(Agreement).1
To support its Notice, the Postal
Service filed a copy of the Agreement,
a copy of the Governors’ Decision
authorizing the product, a certification
of compliance with 39 U.S.C. 3633(a),
and an application for non-public
treatment of certain materials. It also
filed supporting financial workpapers.
II. Notice of Commission Action
The Commission establishes Docket
No. CP2014–44 for consideration of
matters raised by the Notice.
The Commission invites comments on
whether the Postal Service’s filing is
consistent with 39 U.S.C. 3632, 3633, or
3642, 39 CFR part 3015, and 39 CFR
part 3020, subpart B. Comments are due
no later than April 22, 2014. The public
portions of the filing can be accessed via
the Commission’s Web site (https://
www.prc.gov).
The Commission appoints Lawrence
Fenster to serve as Public
Representative in this docket.
III. Ordering Paragraphs
It is ordered:
1. The Commission establishes Docket
No. CP2014–44 for consideration of the
1 Notice of the United States Postal Service Filing
of a Functionally Equivalent International Business
Reply Service Competitive Contract 3 Negotiated
Service Agreement, April 14, 2014 (Notice).
E:\FR\FM\21APN1.SGM
21APN1
22170
Federal Register / Vol. 79, No. 76 / Monday, April 21, 2014 / Notices
matters raised by the Postal Service’s
Notice.
2. Pursuant to 39 U.S.C. 505,
Lawrence Fenster is appointed to serve
as an officer of the Commission to
represent the interests of the general
public in this proceeding (Public
Representative).
3. Comments are due no later than
April 22, 2014.
4. The Secretary shall arrange for
publication of this order in the Federal
Register.
By the Commission.
Shoshana M. Grove,
Secretary.
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
[FR Doc. 2014–08953 Filed 4–18–14; 8:45 am]
BILLING CODE 7710–FW–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–71950; File No. SR–C2–
2014–009]
Self-Regulatory Organizations; C2
Options Exchange, Incorporated;
Notice of Filing and Immediate
Effectiveness of a Proposed Rule
Change To Amend Its Fees Schedule
April 15, 2014.
Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934 (the
‘‘Act’’) 1 and Rule 19b–4 thereunder,2
notice is hereby given that on April 4,
2014, C2 Options Exchange,
Incorporated (the ‘‘Exchange’’ or ‘‘C2’’)
filed with the Securities and Exchange
Commission (‘‘Commission’’) the
proposed rule change as described in
Items I, II, and III below, which Items
have been prepared by the Exchange.
The Commission is publishing this
notice to solicit comments on the
proposed rule change from interested
persons.
ehiers on DSK2VPTVN1PROD with NOTICES
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
C2 Options Exchange, Incorporated
(the ‘‘Exchange’’ or ‘‘C2’’) proposes to
amend its Fees Schedule. The text of the
proposed rule change is available on the
Exchange’s Web site (https://www.
c2exchange.com/Legal/), at the
Exchange’s Office of the Secretary, and
at the Commission’s Public Reference
Room.
1 15
2 17
U.S.C. 78s(b)(1).
CFR 240.19b–4.
VerDate Mar<15>2010
15:19 Apr 18, 2014
Jkt 232001
II. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
In its filing with the Commission, the
Exchange included statements
concerning the purpose of and basis for
the proposed rule change and discussed
any comments it received on the
proposed rule change. The text of these
statements may be examined at the
places specified in Item IV below. The
Exchange has prepared summaries, set
forth in sections A, B, and C below, of
the most significant aspects of such
statements.
1. Purpose
The Exchange proposes to amend its
Fees Schedule. Currently, C2 MarketMaker fees for simple, non-complex
orders in equity options classes (both
Penny Pilot classes and non-Penny Pilot
classes) are calculated using a formula.3
The maximum fee is $0.85 per contract
($0.085 for mini-options). The Exchange
would like to set a standard fee of $0.40
per contract ($0.04 for mini-options) for
C2 Market-Makers for simple, noncomplex orders in Penny Pilot equity
options classes.4 This set rate is lower
than the maximum fee in order to
encourage quoting in such classes, and
would lower the fee paid by C2 MarketMakers trading simple, non-complex
orders in Penny Pilot equity options
classes in the majority of transactions.
In conjunction with the above
proposed change, the Exchange also
proposes to modify the maximum
Public Customer Taker Rebate (also for
simple, non-complex orders in equity
options classes) for Penny Pilot
options.5 Currently, the maximum
rebate is $0.75 per contract ($0.075 for
mini options), regardless of whether the
options being traded are Penny Pilot
classes or non-Penny Pilot classes. The
Exchange does not propose to change
3 Fee = (C2 BBO Market Width at time of
execution) × (Market Participant Rate) × 50*
* For mini-options, the multiplier will be 5
instead of 50.
BBO Market Width: Displayed C2 Ask Price—
Displayed C2 Bid Price.
The Market Participant Rate for C2 MarketMakers is 30%.
For more information, see C2 Fees Schedule,
Section 1B.
4 The Exchange proposes to add the statement
‘‘The above fee structure calculation does not apply
to C2 Market-Makers trading Penny Pilot options;
such C2 Market-Makers will be assessed a fee of
$0.40 per contract ($0.04 for mini-options).’’
5 For more information about the Public Customer
Taker Rebate, see C2 Fees Schedule, Section 1B.
PO 00000
Frm 00091
Fmt 4703
Sfmt 4703
this maximum rebate with respect to
non-Penny Pilot options, but does
propose to lower the maximum rebate to
$0.60 per contract ($0.06 for minioptions) for Penny Pilot options. Since
the Exchange is setting a fixed
maximum fee rate for C2 MarketMakers, the Exchange desires to ensure
that the spread between the maximum
fee for C2 Market-Makers and maximum
Public Customer Taker Rebate is not so
large as to become economically
imprudent for the Exchange.
Also in conjunction with the above
proposed changes, the Exchange also
proposes to delete from Section 1B the
statement that ‘‘For the BAC, MBI,
BBRY, DELL and JCP equity options
classes, the maximum fee will be $0.55
per contract and the maximum rebate
will be $0.45 per contract.’’ This will
put BAC, MBI, BBRY, DELL and JCP
(the ‘‘Special Classes’’) on the same
competitive footing, from a fees
standpoint, as all other classes, and the
same fees that apply to all other classes
will apply to the Special Classes.
Because the Special Classes are all
Penny Pilot classes, C2 Market-Maker
fees for such trades will be $0.40 per
contract and the maximum Public
Customer Taker Rebate for such trades
will be $0.60 per contract.
The Exchange also proposes to adopt
a fee of $50 per month per login ID for
PULSe workstation users that elect to
access a COB Feed.6 The COB Feed
provides data (which has already been
otherwise-available to PULSe
Workstation users) on a data feed that
specifically provides COB data. In order
to improve the provision of this COB
data, the Exchange has recently
contracted an outside vendor to provide
the COB Feed. The Exchange proposes
to assess the new COB Feed Fee in order
to recoup costs associated with the
provision of the COB Feed.
2. Statutory Basis
The Exchange believes the proposed
rule change is consistent with the Act
and the rules and regulations
thereunder applicable to the Exchange
and, in particular, the requirements of
Section 6(b) of the Act.7 Specifically,
the Exchange believes the proposed rule
change is consistent with Section 6(b)(4)
6 ‘‘COB’’ stands for the Exchange’s Complex
Order Book. For a more detailed description of the
PULSe workstation and its other functionalities,
see, e.g., Securities Exchange Act Release Nos.
63246 (November 4, 2010) 75 FR 69478 (November
12, 2010) (SR–C2–2010–007), 65279 (September 7,
2011), 76 FR 56824 (September 14, 2011) (SR–C2–
2011–020), 65482 (October 4, 2011), 76 FR 62879
(October 11, 2011) (SR–C2–2011–028), and 69991
(July 16, 2013), 78 FR 43956 (July 22, 2013) (SR–
C2–2013–026).
7 15 U.S.C. 78f(b).
E:\FR\FM\21APN1.SGM
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Agencies
[Federal Register Volume 79, Number 76 (Monday, April 21, 2014)]
[Notices]
[Pages 22169-22170]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-08953]
-----------------------------------------------------------------------
POSTAL REGULATORY COMMISSION
[Docket No. CP2014-44; Order No. 2053]
New Postal Product
AGENCY: Postal Regulatory Commission.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: The Commission is noticing a recent Postal Service filing
requesting the addition of an International Business Reply Service
Competitive Contract 3 (IBRS 3) negotiated service agreement to the
competitive product list. This notice informs the public of the filing,
invites public comment, and takes other administrative steps.
DATES: Comments are due: April 22, 2014.
ADDRESSES: Submit comments electronically via the Commission's Filing
Online system at https://www.prc.gov. Those who cannot submit comments
electronically should contact the person identified in the FOR FURTHER
INFORMATION CONTACT section by telephone for advice on filing
alternatives.
FOR FURTHER INFORMATION CONTACT: David A. Trissell, General Counsel, at
202-789-6820.
SUPPLEMENTARY INFORMATION:
Table of Contents
I. Introduction
II. Notice of Commission Action
III. Ordering Paragraphs
I. Introduction
On April 14, 2014, the Postal Service filed notice that it has
entered into an additional International Business Reply Service
Competitive Contract 3 (IBRS 3) negotiated service agreement
(Agreement).\1\
---------------------------------------------------------------------------
\1\ Notice of the United States Postal Service Filing of a
Functionally Equivalent International Business Reply Service
Competitive Contract 3 Negotiated Service Agreement, April 14, 2014
(Notice).
---------------------------------------------------------------------------
To support its Notice, the Postal Service filed a copy of the
Agreement, a copy of the Governors' Decision authorizing the product, a
certification of compliance with 39 U.S.C. 3633(a), and an application
for non-public treatment of certain materials. It also filed supporting
financial workpapers.
II. Notice of Commission Action
The Commission establishes Docket No. CP2014-44 for consideration
of matters raised by the Notice.
The Commission invites comments on whether the Postal Service's
filing is consistent with 39 U.S.C. 3632, 3633, or 3642, 39 CFR part
3015, and 39 CFR part 3020, subpart B. Comments are due no later than
April 22, 2014. The public portions of the filing can be accessed via
the Commission's Web site (https://www.prc.gov).
The Commission appoints Lawrence Fenster to serve as Public
Representative in this docket.
III. Ordering Paragraphs
It is ordered:
1. The Commission establishes Docket No. CP2014-44 for
consideration of the
[[Page 22170]]
matters raised by the Postal Service's Notice.
2. Pursuant to 39 U.S.C. 505, Lawrence Fenster is appointed to
serve as an officer of the Commission to represent the interests of the
general public in this proceeding (Public Representative).
3. Comments are due no later than April 22, 2014.
4. The Secretary shall arrange for publication of this order in the
Federal Register.
By the Commission.
Shoshana M. Grove,
Secretary.
[FR Doc. 2014-08953 Filed 4-18-14; 8:45 am]
BILLING CODE 7710-FW-P