New Postal Product, 62682-62683 [2014-24764]

Download as PDF 62682 Federal Register / Vol. 79, No. 202 / Monday, October 20, 2014 / Notices including the validity of the methodologies and assumptions used; • Enhance the quality, utility, and clarity of the information to be collected; and • Minimize the burden of the collection of information on those who are to respond, including through the use of appropriate automated, electronic, mechanical, or other technological collection techniques or other forms of information technology, e.g., permitting electronic submission of responses. Issued in Washington, DC, this 14th day of October 2014. Judith Starr, General Counsel, Pension Benefit Guaranty Corporation. [FR Doc. 2014–24925 Filed 10–17–14; 8:45 am] BILLING CODE 7709–02–P PENSION BENEFIT GUARANTY CORPORATION Submission of Information Collection for OMB Review; Comment Request; Termination of Single-Employer Plans, Missing Participants Pension Benefit Guaranty Corporation. ACTION: Notice of request for extension of OMB approval, with modifications. AGENCY: PBGC is requesting that OMB extend approval (with modifications) under the Paperwork Reduction Act of a collection of information in PBGC’s regulations on Termination of Single Employer Plans and Missing Participants, and implementing forms and instructions (OMB control number 1212–0036: Expires February 28, 2017). This notice informs the public of PBGC’s request and solicits public comment on the collection of information. SUMMARY: Comments should be submitted by November 19, 2014. ADDRESSES: Comments should be sent to the Office of Information and Regulatory Affairs, Office of Management and Budget, Attention: Desk Officer for Pension Benefit Guaranty Corporation, via electronic mail at OIRA_DOCKET@ omb.eop.gov or by fax to (202) 395– 6974. A copy of the request (including the collection of information) is posted at http://www.pbgc.gov/res/lawsandregulations/informationcollectionsunder-omb-review.html. It may also be obtained without charge by writing to the Disclosure Division of the Office of the General Counsel of PBGC at the above address, visiting the tkelley on DSK3SPTVN1PROD with NOTICES DATES: VerDate Sep<11>2014 16:28 Oct 17, 2014 Jkt 235001 Disclosure Division, faxing a request to 202–326–4042, or calling 202–326–4040 during normal business hours. (TTY and TDD users may call the Federal relay service toll-free at 1–800–877–8339 and ask to be connected to 202–326–4040.) The Disclosure Division will email, fax, or mail the request to you, as you request. FOR FURTHER INFORMATION CONTACT: Jo Amato Burns, Attorney (326–4400, ext. 3072) or Catherine B. Klion, Assistant General Counsel (326–4400, ext. 3041), Office of the General Counsel, Pension Benefit Guaranty Corporation, 1200 K Street NW., Washington, DC 20005, 202–326–4400 (TTY and TDD users may call the Federal relay service toll-free at 1–800–877–8339 and ask to be connected to 202–326–4400.) SUPPLEMENTARY INFORMATION: Under section 4041 of the Employee Retirement Income Security Act of 1974, as amended (ERISA), a single-employer pension plan may terminate voluntarily only if it satisfies the requirements for either a standard or a distress termination. Pursuant to ERISA section 4041(b), for standard terminations, and section 4041(c), for distress terminations, and PBGC’s termination regulation (29 CFR part 4041), a plan administrator wishing to terminate a plan is required to submit specified information to PBGC in support of the proposed termination and to provide specified information regarding the proposed termination to third parties (participants, beneficiaries, alternate payees, and employee organizations). In the case of a plan with participants or beneficiaries who cannot be located when their benefits are to be distributed, the plan administrator is subject to the requirements of ERISA section 4050 and PBGC’s missing participants regulation (29 CFR part 4050). These regulations may be found on PBGC’s Web site at http://www.pbgc.gov/res/laws-andregulations/code-of-federalregulations.html. The collection of information under these regulations and the implementing forms and instructions has been approved by OMB under control number 1212–0036 (expires February 28, 2017). PBGC is requesting that OMB extend its approval for three years, with modifications. An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless it displays a current OMB control number. PBGC is proposing to require that a plan administrator of a plan terminating in a standard termination (or a distress termination that closes out in the private sector) must submit with the PO 00000 Frm 00090 Fmt 4703 Sfmt 4703 post-distribution certification the following information: • The most recent plan document. • Proof of benefit distributions for lump sums paid and annuities purchased, including an accurate list of annuity providers, with the group contract numbers and contact information for each annuity provider, and a list of participants entitled to an annuity from each annuity provider. These new information requirements will help PBGC address inquiries from individuals who claim they are owed benefits from terminated plans and, where appropriate, pay benefits to individuals entitled to them or to direct them to insurers that are holding annuities for them. PBGC received one comment on its proposal, from the Pension Rights Center.1 PBGC’s response to PRC’s comment is included in the OMB submission. PBGC estimates that 1,430 plan administrators will be subject to the collection of information requirements in PBGC’s regulations on termination and missing participants and implementing forms and instructions each year, and that the total annual burden of complying with these requirements is about 1,700 hours and $1,721,000. Issued in Washington, DC, this 10th day of October 2014. Judith Starr, General Counsel, Pension Benefit Guaranty Corporation. [FR Doc. 2014–24819 Filed 10–17–14; 8:45 am] BILLING CODE 7708–01–P POSTAL REGULATORY COMMISSION [Docket Nos. CP2015–2; Order No. 2214] New Postal Product Postal Regulatory Commission. Notice. AGENCY: ACTION: The Commission is noticing a recent Postal Service filing concerning the addition of Global Expedited Package Services 3 negotiated service agreement. This notice informs the public of the filing, invites public comment, and takes other administrative steps. DATES: Comments are due: October 21, 2014. ADDRESSES: Submit comments electronically via the Commission’s Filing Online system at http:// SUMMARY: 1 http://www.pbgc.gov/documents/PRCcomments-on-PBGC-termination-of-singleemployer-plans.pdf. E:\FR\FM\20OCN1.SGM 20OCN1 Federal Register / Vol. 79, No. 202 / Monday, October 20, 2014 / Notices 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: BILLING CODE 7710–FW–P Table of Contents SECURITIES AND EXCHANGE COMMISSION I. Introduction II. Notice of Commission Action III. Ordering Paragraphs [Release No. 34–73347; File No. SR–ICC– 2014–16] I. Introduction On October 10, 2014, the Postal Service filed notice that it has entered into an additional Global Expedited Package Services 3 (GEPS 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. CP2015–2 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 October 21, 2014. The public portions of the filing can be accessed via the Commission’s Web site (http://www.prc.gov). The Commission appoints Curtis E. Kidd to serve as Public Representative in this docket. tkelley on DSK3SPTVN1PROD with NOTICES III. Ordering Paragraphs It is ordered: 1. The Commission establishes Docket No. CP2015–2 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 October 21, 2014. of United States Postal Service of Filing a Functionally Equivalent Global Expedited Package Services 3 Negotiated Service Agreement and Application for Non-Public Treatment of Materials Filed Under Seal, October 10, 2014 (Notice). VerDate Sep<11>2014 16:28 Oct 17, 2014 Jkt 235001 By the Commission. Shoshana M. Grove, Secretary. [FR Doc. 2014–24764 Filed 10–17–14; 8:45 am] David A. Trissell, General Counsel, at 202–789–6820. SUPPLEMENTARY INFORMATION: 1 Notice 4. The Secretary shall arrange for publication of this order in the Federal Register. Self-Regulatory Organizations; ICE Clear Credit LLC; Notice of Filing of Proposed Rule Change Related to ICC’s Use of House Initial Margin as an Internal Liquidity Resource October 14, 2014. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’),1 and Rule 19b–4 thereunder,2 notice is hereby given that on October 1, 2014, ICE Clear Credit LLC (‘‘ICC’’) 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 primarily by ICC. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. I. Self-Regulatory Organization’s Statement of the Terms of Substance of the Proposed Rule Change The principal purpose of the proposed rule change is to amend ICC Clearing Rule 402(j) (‘‘Rule 402(j)’’) in order to provide further clarity regarding ICC’s intention to return any Clearing Participant’s House Initial Margin used as an internal liquidity resource. II. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, ICC 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. ICC has prepared summaries, set forth in sections A, B, and C below, of the most significant aspects of these statements. 1 15 2 17 PO 00000 U.S.C. 78s(b)(1). CFR 240.19b–4. Frm 00091 Fmt 4703 Sfmt 4703 62683 A. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change On August 28, 2014, the Securities Exchange Commission (the ‘‘Commission’’) issued an order approving ICC’s rule filing consisting of proposed amendments related to ICC’s authority to use Guaranty Fund and House Initial Margin as an internal liquidity resource (ICC–2014–08).3 ICC proposes changes to Rule 402(j) to provide further clarity regarding ICC’s intention to return any Clearing Participant House Initial Margin used as an internal liquidity resource. Under Rule 402(j), ICC may, in connection with a Clearing Participant default, (i) exchange House Initial Margin held in the form of cash for securities of equivalent value and/or (ii) exchange House Initial Margin held in the form of cash in one currency for cash of equivalent value in a different currency. ICC proposes adding language to clarify that ICC will engage in liquidity exchanges pursuant to Rule 402(j) on a temporary basis. Further, ICC proposes amending Rule 402(j) to state that ICC will reverse any such exchange involving a Clearing Participant’s Initial Margin in its House Account as soon as practicable following the conclusion of the event requiring the exchange of a Clearing Participant’s Initial Margin for liquidity purposes (i.e., as quickly as possible following the conclusion of the liquidity event). It is likely that the duration of the liquidity event will be significantly shorter than the amount of time necessary to complete the default management process for the event which gave rise to the liquidity need. ICC also proposes amending Rule 402(j) to delete general references to ICC’s liquidity policies and procedures and instead used the defined term ‘‘ICE Clear Credit Procedures’’ found throughout the ICC Rules. Section 17A(b)(3)(F) of the Act 4 requires, among other things, that the rules of a clearing agency be designed to promote the prompt and accurate clearance and settlement of securities transactions, and to the extent applicable, derivative agreements, contracts and transactions and to comply with the provisions of the Act and the rules and regulations thereunder. ICC believes that the 3 Order Approving Proposed Rule Change Related to ICC’s Authority to Use Guaranty Fund and House Initial Margin as an Internal Liquidity Resource, Securities Exchange Act Release No. 34–72944 (Aug. 28, 2014), 79 FR 52789 (Sept. 4, 2014) (SR–ICC–2014–08). 4 15 U.S.C. 78q–1(b)(3)(F). E:\FR\FM\20OCN1.SGM 20OCN1

Agencies

[Federal Register Volume 79, Number 202 (Monday, October 20, 2014)]
[Notices]
[Pages 62682-62683]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-24764]


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POSTAL REGULATORY COMMISSION

[Docket Nos. CP2015-2; Order No. 2214]


New Postal Product

AGENCY: Postal Regulatory Commission.

ACTION: Notice.

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SUMMARY: The Commission is noticing a recent Postal Service filing 
concerning the addition of Global Expedited Package Services 3 
negotiated service agreement. This notice informs the public of the 
filing, invites public comment, and takes other administrative steps.

DATES: Comments are due: October 21, 2014.

ADDRESSES: Submit comments electronically via the Commission's Filing 
Online system at http://

[[Page 62683]]

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 October 10, 2014, the Postal Service filed notice that it has 
entered into an additional Global Expedited Package Services 3 (GEPS 3) 
negotiated service agreement (Agreement).\1\
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    \1\ Notice of United States Postal Service of Filing a 
Functionally Equivalent Global Expedited Package Services 3 
Negotiated Service Agreement and Application for Non-Public 
Treatment of Materials Filed Under Seal, October 10, 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. CP2015-2 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 
October 21, 2014. The public portions of the filing can be accessed via 
the Commission's Web site (http://www.prc.gov).
    The Commission appoints Curtis E. Kidd to serve as Public 
Representative in this docket.

III. Ordering Paragraphs

    It is ordered:
    1. The Commission establishes Docket No. CP2015-2 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 October 21, 2014.
    4. The Secretary shall arrange for publication of this order in the 
Federal Register.

    By the Commission.
Shoshana M. Grove,
Secretary.
[FR Doc. 2014-24764 Filed 10-17-14; 8:45 am]
BILLING CODE 7710-FW-P