Product Change-Priority Mail Negotiated Service Agreement, 79112 [2015-31820]
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Federal Register / Vol. 80, No. 243 / Friday, December 18, 2015 / Notices
FOR FURTHER INFORMATION CONTACT:
SECURITIES AND EXCHANGE
COMMISSION
Elizabeth A. Reed, 202–268–3179.
The
United States Postal Service® hereby
gives notice that, pursuant to 39 U.S.C.
3642 and 3632(b)(3), on December 10,
2015, it filed with the Postal Regulatory
Commission a Request of the United
States Postal Service to Add Priority
Mail Express Contract 30 to Competitive
Product List. Documents are available at
www.prc.gov, Docket Nos. MC2016–32,
CP2016–38.
[Release No. 34–76639; File No. SR–FINRA–
2015–033]
Stanley F. Mires,
Attorney, Federal Compliance.
December 14, 2015.
SUPPLEMENTARY INFORMATION:
I. Introduction
[FR Doc. 2015–31812 Filed 12–17–15; 8:45 am]
BILLING CODE 7710–12–P
POSTAL SERVICE
Product Change—Priority Mail
Negotiated Service Agreement
AGENCY:
ACTION:
Postal Service TM.
Notice.
The Postal Service gives
notice of filing a request with the Postal
Regulatory Commission to add a
domestic shipping services contract to
the list of Negotiated Service
Agreements in the Mail Classification
Schedule’s Competitive Products List.
SUMMARY:
DATES:
Effective date: December 18,
2015.
FOR FURTHER INFORMATION CONTACT:
Elizabeth A. Reed, 202–268–3179.
The
United States Postal Service ® hereby
gives notice that, pursuant to 39 U.S.C.
3642 and 3632(b)(3), on December 11,
2015, it filed with the Postal Regulatory
Commission a Request of the United
States Postal Service to Add Priority
Mail Contract 164 to Competitive
Product List. Documents are available at
www.prc.gov, Docket Nos. MC2016–36,
CP2016–42.
SUPPLEMENTARY INFORMATION:
BILLING CODE 7710–12–P
mstockstill on DSK4VPTVN1PROD with NOTICES
II. Description of the Proposed Rule
Change
A. Background
As stated in the Notice, FINRA is
proposing to amend FINRA Rule 0150,
which governs the application of FINRA
rules and the rules of the National
Association of Securities Dealers
(‘‘NASD’’) 5 that apply to transactions
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 See Notice of Filing of a Proposed Rule Change
to Amend FINRA Rule 0150 to Apply FINRA Rule
2121 and its Supplementary Material .01 and .02 to
Transactions in Exempted Securities That Are
Government Securities; Exchange Act Release No.
76059 (September 30, 2015), 80 FR 60416 (October
6, 2015) (‘‘Notice’’).
4 See Letter from Andrew Madar, Associate
General Counsel, FINRA Regulatory Policy and
Oversight, to Katherine England, Assistant Director,
Division of Trading and Markets, Securities and
Exchange Commission, dated November 19, 2015.
5 The current FINRA rulebook consists of: (1)
FINRA Rules; (2) NASD Rules; and (3) rules
incorporated from NYSE (‘‘Incorporated NYSE
2 17
[FR Doc. 2015–31820 Filed 12–17–15; 8:45 am]
19:20 Dec 17, 2015
On September 17, 2015, the Financial
Industry Regulatory Authority, Inc.
(‘‘FINRA’’) filed with the Securities and
Exchange Commission (‘‘Commission’’),
pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934 (‘‘Act’’
or ‘‘Exchange Act’’) 1 and Rule 19b–4
thereunder,2 a proposed rule change to
FINRA Rule 0150, Application of Rules
to Exempted Securities Except
Municipal Securities, so that FINRA
Rule 2121 and its Supplementary
Material .01 and .02, which govern
mark-ups and commissions, will apply
to transactions in exempted securities
that are government securities. The
proposed amendment was published for
comment in the Federal Register on
October 6, 2015.3 On November 19,
2015, FINRA granted the Commission
an extension of time, until January 4,
2016 to act on the proposal.4 No
comments were received in response to
the proposal. This order approves the
rule change as proposed.
1 15
Stanley F. Mires,
Attorney, Federal Compliance.
VerDate Sep<11>2014
Self-Regulatory Organizations;
Financial Industry Regulatory
Authority, Inc.; Order Approving a
Proposed Rule Change To Amend
FINRA Rule 0150 To Apply FINRA Rule
2121 and its Supplementary Material
.01 and .02 to Transactions in
Exempted Securities That Are
Government Securities
Jkt 238001
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in, and business activities relating to,
exempted securities, except municipal
securities, conducted by members and
associated persons.6 Current FINRA
Rule 0150(c) specifically enumerates
these provisions and does not include
reference to FINRA Rule 2121,
Supplementary Material .01, and
Supplementary Material .02, which
govern mark-ups and commissions
(‘‘mark-up rule’’).7 The proposed
amendment would incorporate the
mark-up rule into FINRA Rule 0150 and
extend its application to transactions in,
and business activities relating to,
exempted securities that are government
securities, as defined in Section 3(a)(42)
of the Exchange Act.8
In the Notice, FINRA described the
historical reasons for not applying
certain NASD rules, including the markup rule, to exempted securities (except
municipal securities). Prior to 1993,
there were statutory limitations on the
NASD’s ability to apply sales practice
rules, including the mark-up rules, to
transactions in exempted securities. The
Government Securities Act
Amendments of 1993 (‘‘GSAA’’) 9
eliminated the limitations on the
authority of registered securities
associations over transactions by a
registered broker or dealer in an
exempted security.10 Following the
Rules’’) (together, the NASD Rules and Incorporated
NYSE Rules are referred to as the ‘‘Transitional
Rulebook’’). While the NASD Rules generally apply
to all FINRA members, the Incorporated NYSE
Rules apply only to those members of FINRA that
are also members of the NYSE (‘‘Dual Members’’).
The FINRA Rules apply to all FINRA members,
unless such rules have a more limited application
by their terms. For more information about the
rulebook consolidation process, see FINRA
Information Notice, March 12, 2008 (Rulebook
Consolidation Process), available at https://
www.finra.org/sites/default/files/NoticeDocument/
p038121.pdf.
6 The terms exempted securities, municipal
securities, and government securities as used in this
order are defined in Sections 3(a)(12), 3(a)(29), and
3(a)(42) of the Act, respectively.
7 NASD Rule 2440, IM–2440–1, and IM–2440–2
were recently moved to the FINRA rules without
any substantive changes, becoming FINRA Rule
2121, Supplementary Material .01, and
Supplementary Material .02, respectively. See
Notice of Filing and Immediate Effectiveness of a
Proposed Rule Change to Adopt FINRA Rule 2121
(Fair Prices and Commissions), Supplementary
Material .01 (Mark-Up Policy) and Supplementary
Material .02 (Additional Mark-Up Policy For
Transactions in Debt Securities, Except Municipal
Securities) in the Consolidated FINRA Rulebook;
Exchange Act Release No. 72208 (May 21, 2014), 79
FR 30675 (May 28, 2014).
8 This includes U.S. Treasury securities, as
defined in FINRA Rule 6710(p). See Notice at
60417, note 12.
9 Government Securities Act Amendments of
1993, Pub. L. 103–202, § 106(b)(1), 107 Stat. 2344
(1993).
10 Specifically Section 15A(f) of the Act imposed
limitations on the authority of registered securities
associations over transactions by a registered broker
E:\FR\FM\18DEN1.SGM
18DEN1
]]>Agencies
[Federal Register Volume 80, Number 243 (Friday, December 18, 2015)]
[Notices]
[Page 79112]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-31820]
-----------------------------------------------------------------------
POSTAL SERVICE
Product Change--Priority Mail Negotiated Service Agreement
AGENCY: Postal Service TM.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: The Postal Service gives notice of filing a request with the
Postal Regulatory Commission to add a domestic shipping services
contract to the list of Negotiated Service Agreements in the Mail
Classification Schedule's Competitive Products List.
DATES: Effective date: December 18, 2015.
FOR FURTHER INFORMATION CONTACT: Elizabeth A. Reed, 202-268-3179.
SUPPLEMENTARY INFORMATION: The United States Postal Service [supreg]
hereby gives notice that, pursuant to 39 U.S.C. 3642 and 3632(b)(3), on
December 11, 2015, it filed with the Postal Regulatory Commission a
Request of the United States Postal Service to Add Priority Mail
Contract 164 to Competitive Product List. Documents are available at
www.prc.gov, Docket Nos. MC2016-36, CP2016-42.
Stanley F. Mires,
Attorney, Federal Compliance.
[FR Doc. 2015-31820 Filed 12-17-15; 8:45 am]
BILLING CODE 7710-12-P
