New Postal Product, 15356-15357 [2016-06418]

Download as PDF asabaliauskas on DSK3SPTVN1PROD with NOTICES 15356 Federal Register / Vol. 81, No. 55 / Tuesday, March 22, 2016 / Notices Published Rates 9 and accompanying financial model. Request at 3. To support its Request, the Postal Service filed the following attachments: • Attachment 1, an application for non-public treatment of materials filed under seal; • Attachment 2A, a redacted version of Governors’ Decision No. 11–6; • Attachment 2B, a revised version of Mail Classification Schedule section 2510.8 GEPS–NPR; • Attachment 2C, a redacted version of the GEPS–NPR 10 Management Analysis; • Attachment 2D, Maximum and Minimum Prices for Priority Express Mail International (PMEI), Priority Mail International (PMI), and Global Express Guaranteed (GXG); First-Class Package International Service (FCPIS); and International Merchandise Return Service (IMRS) prices under GEPS–NPR 10 Contracts; • Attachment 2E, a certified statement concerning the prices for applicable negotiated service agreements under GEPS–NPR 10, required by 39 CFR 3015.5(c)(2); • Attachment 3, a Statement of Supporting Justification, which is filed pursuant to 39 CFR 3020.32; and • Attachment 4, a redacted version of the GEPS–NPR 10 model contract. Id. at 3–4. In a Statement of Supporting Justification, Giselle Valera, Managing Director and Vice President, Global Business, asserts the product is designed to increase efficiency of the Postal Service’s process, as well as enhance its ability to compete in the marketplace. Id. Attachment 3 at 1. She contends GEPS–NPR 10 belongs on the competitive product list as it is part of a market over which the Postal Service does not exercise market dominance,3 is not subsidized by market dominant products, covers costs attributable to it, and does not cause competitive products as a whole to fail to make the appropriate contribution to institutional costs. Request at 3. The Postal Service included a redacted version of the GEPS–NPR 10 model contract with the Request. Id. Attachment 4. The Postal Service represents the GEPS–NPR 10 model contract is a slight modification of the GEPS–NPR 9 model contract approved by the Commission in Order No. 2967. See Request at 3. 3 The Postal Service claims it does not exercise sufficient market power to set the price of PMEI, PMI, FCPIS, and GXG substantially above costs, raise prices significantly, decrease quality, or decrease output, without risk of losing a significant level of business to other firms offering similar products. Id. at 3–4; see 39 U.S.C. 3642(b). VerDate Sep<11>2014 17:34 Mar 21, 2016 Jkt 238001 The Postal Service represents it will notify each GEPS–NPR 10 customer of the contract’s effective date no later than 30 days after receiving the signed agreement from the customer. Id. Attachment 4 at 4. Unless terminated earlier, each contract will expire the later of one year from the effective date or the last day of the month which falls one calendar year from the effective date, unless terminated sooner. Id. The Postal Service represents that the contract is consistent with 39 U.S.C. 3633(a). Request at 5; id. Attachment 2E; id. Attachment 3 at 2–3. The Postal Service filed much of the supporting materials, including an unredacted model contract, under seal. Request at 3. It maintains that the redacted portions of the materials should remain confidential as sensitive business information. Id. Attachment 1 at 1–2, 4. This information includes sensitive commercial information concerning the incentive discounts and their formulation, applicable cost coverage, non-published rates, as well as some customer-identifying information in future signed agreements. Id. at 4–5. The Postal Service asks the Commission to protect customer-identifying information from public disclosure for ten years after the date of filing with the Commission, unless an order is entered to extend the duration of that status. Id. at 11. II. Notice of Commission Action The Commission establishes Docket Nos. MC2016–97 and CP2016–122 to consider the Request pertaining to the proposed GEPS–NPR 10 product and the related model contract, respectively. The Commission invites comments on whether the Postal Service’s filings in the captioned dockets are consistent with the policies of 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 March 23, 2016. The public portions of these filings can be accessed via the Commission’s Web site (http://www.prc.gov). The Commission appoints Katalin K. Clendenin to serve as Public Representative in these dockets. III. Ordering Paragraphs It is ordered: 1. The Commission establishes Docket Nos. MC2016–97 and CP2016–122 to consider the matters raised in each docket. 2. Pursuant to 39 U.S.C. 505, Katalin K. Clendenin is appointed to serve as an officer of the Commission to represent the interests of the general public in these proceedings (Public Representative). PO 00000 Frm 00137 Fmt 4703 Sfmt 4703 3. Comments are due no later than March 23, 2016. 4. The Secretary shall arrange for publication of this order in the Federal Register. By the Commission. Stacy L. Ruble, Secretary. [FR Doc. 2016–06344 Filed 3–21–16; 8:45 am] BILLING CODE 7710–FW–P POSTAL REGULATORY COMMISSION [Docket No. CP2016–125; Order No. 3157] New Postal Product Postal Regulatory Commission. Notice. AGENCY: ACTION: The Commission is noticing a recent Postal Service filing concerning an amendment to an existing 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: March 24, 2016. SUMMARY: Submit comments electronically via the Commission’s Filing Online system at http:// 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 Filings III. Ordering Paragraphs I. Introduction On March 16, 2016, 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 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, March 16, 2016 (Notice). E:\FR\FM\22MRN1.SGM 22MRN1 Federal Register / Vol. 81, No. 55 / Tuesday, March 22, 2016 / Notices treatment of certain materials. It also filed supporting financial workpapers. II. Notice of Commission Action The Commission establishes Docket No. CP2016–125 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 March 24, 2016. The public portions of the filing can be accessed via the Commission’s Web site (http://www.prc.gov). The Commission appoints Lyudmila Y. Bzhilyanskaya to serve as Public Representative in this docket. III. Ordering Paragraphs It is ordered: 1. The Commission establishes Docket No. CP2016–125 for consideration of the matters raised by the Postal Service’s Notice. 2. Pursuant to 39 U.S.C. 505, Lyudmila Y. Bzhilyanskaya 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 March 24, 2016. 4. The Secretary shall arrange for publication of this order in the Federal Register. By the Commission. Stacy L. Ruble, Secretary. [FR Doc. 2016–06418 Filed 3–21–16; 8:45 am] BILLING CODE 7710–FW–P POSTAL SERVICE International Product Change—Global Expedited Package Services—NonPublished Rates Postal ServiceTM. Notice. AGENCY: ACTION: The Postal Service gives notice of filing a request with the Postal Regulatory Commission to add Global Expedited Package Services—NonPublished Rates 10 (GEPS—NPR 10) to the Competitive Products List. DATES: Effective date: March 22, 2016. FOR FURTHER INFORMATION CONTACT: Christopher C. Meyerson, 202–268– 7820. asabaliauskas on DSK3SPTVN1PROD with NOTICES SUMMARY: The United States Postal Service® hereby gives notice that, pursuant to 39 U.S.C. 3642, on March 15, 2016, it filed with the Postal Regulatory Commission a SUPPLEMENTARY INFORMATION: VerDate Sep<11>2014 17:34 Mar 21, 2016 Jkt 238001 Request of the United States Postal Service to add Global Expedited Package Services—Non-Published Rates 10 (GEPS—NPR 10) to the Competitive Products List, and Notice of Filing GEPS—NPR 10 Model Contract and Application for Non-Public Treatment of Materials Filed Under Seal. Documents are available at www.prc.gov, Docket Nos. MC2016–97 and CP2016–122. Stanley F. Mires, Attorney, Federal Compliance. [FR Doc. 2016–06331 Filed 3–21–16; 8:45 am] BILLING CODE 7710–12–P SECURITIES AND EXCHANGE COMMISSION [SEC File No. 270–464, OMB Control No. 3235–0527] Proposed Collection; Comment Request Upon Written Request, Copy Available From: Securities and Exchange Commission, Office of FOIA Services, 100 F Street NE., Washington, DC 20549–2736. Extension: Rule 7d–2. Notice is hereby given that, pursuant to the Paperwork Reduction Act of 1995 (44 U.S.C. 3501–3520), the Securities and Exchange Commission (the ‘‘Commission’’) is soliciting comments on the collection of information summarized below. The Commission plans to submit this existing collection of information to the Office of Management and Budget for extension and approval. In Canada, as in the United States, individuals can invest a portion of their earnings in tax-deferred retirement savings accounts (‘‘Canadian retirement accounts’’). These accounts, which operate in a manner similar to individual retirement accounts in the United States, encourage retirement savings by permitting savings on a taxdeferred basis. Individuals who establish Canadian retirement accounts while living and working in Canada and who later move to the United States (‘‘Canadian-U.S. Participants’’ or ‘‘participants’’) often continue to hold their retirement assets in their Canadian retirement accounts rather than prematurely withdrawing (or ‘‘cashing out’’) those assets, which would result in immediate taxation in Canada. Once in the United States, however, these participants historically have been unable to manage their Canadian retirement account investments. Most investment companies (‘‘funds’’) that PO 00000 Frm 00138 Fmt 4703 Sfmt 4703 15357 are ‘‘qualified companies’’ for Canadian retirement accounts are not registered under the U.S. securities laws. Securities of those unregistered funds, therefore, generally cannot be publicly offered and sold in the United States without violating the registration requirement of the Investment Company Act of 1940 (‘‘Investment Company Act’’).1 As a result of this registration requirement, Canadian-U.S. Participants previously were not able to purchase or exchange securities for their Canadian retirement accounts as needed to meet their changing investment goals or income needs. The Commission issued a rulemaking in 2000 that enabled Canadian-U.S. Participants to manage the assets in their Canadian retirement accounts by providing relief from the U.S. registration requirements for offers of securities of foreign issuers to CanadianU.S. Participants and sales to Canadian retirement accounts.2 Rule 7d–2 under the Investment Company Act 3 permits foreign funds to offer securities to Canadian-U.S. Participants and sell securities to Canadian retirement accounts without registering as investment companies under the Investment Company Act. Rule 7d–2 contains a ‘‘collection of information’’ requirement within the meaning of the Paperwork Reduction Act of 1995.4 Rule 7d–2 requires written offering materials for securities offered or sold in reliance on that rule to disclose prominently that those securities and the fund issuing those securities are not registered with the Commission, and that those securities and the fund issuing those securities are exempt from registration under U.S. securities laws. Rule 7d–2 does not require any documents to be filed with the Commission. Rule 7d–2 requires written offering documents for securities offered or sold in reliance on the rule to disclose prominently that the securities are not registered with the Commission and may not be offered or sold in the United States unless registered or exempt from 1 15 U.S.C. 80a. In addition, the offering and selling of securities that are not registered pursuant to the Securities Act of 1933 (‘‘Securities Act’’) is generally prohibited by U.S. securities laws. 15 U.S.C. 77. 2 See Offer and Sale of Securities to Canadian Tax-Deferred Retirement Savings Accounts, Release Nos. 33–7860, 34–42905, IC–24491 (June 7, 2000) [65 FR 37672 (June 15, 2000)]. This rulemaking also included new rule 237 under the Securities Act, permitting securities of foreign issuers to be offered to Canadian-U.S. Participants and sold to Canadian retirement accounts without being registered under the Securities Act. 17 CFR 230.237. 3 17 CFR 270.7d–2. 4 44 U.S.C. 3501–3502. E:\FR\FM\22MRN1.SGM 22MRN1

Agencies

[Federal Register Volume 81, Number 55 (Tuesday, March 22, 2016)]
[Notices]
[Pages 15356-15357]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-06418]


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POSTAL REGULATORY COMMISSION

[Docket No. CP2016-125; Order No. 3157]


New Postal Product

AGENCY: Postal Regulatory Commission.

ACTION: Notice.

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SUMMARY: The Commission is noticing a recent Postal Service filing 
concerning an amendment to an existing 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: March 24, 2016.

ADDRESSES: Submit comments electronically via the Commission's Filing 
Online system at http://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 Filings
III. Ordering Paragraphs

I. Introduction

    On March 16, 2016, 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, March 16, 2016 (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

[[Page 15357]]

treatment of certain materials. It also filed supporting financial 
workpapers.

II. Notice of Commission Action

    The Commission establishes Docket No. CP2016-125 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 
March 24, 2016. The public portions of the filing can be accessed via 
the Commission's Web site (http://www.prc.gov).
    The Commission appoints Lyudmila Y. Bzhilyanskaya to serve as 
Public Representative in this docket.

III. Ordering Paragraphs

    It is ordered:
    1. The Commission establishes Docket No. CP2016-125 for 
consideration of the matters raised by the Postal Service's Notice.
    2. Pursuant to 39 U.S.C. 505, Lyudmila Y. Bzhilyanskaya 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 March 24, 2016.
    4. The Secretary shall arrange for publication of this order in the 
Federal Register.

    By the Commission.
Stacy L. Ruble,
Secretary.
[FR Doc. 2016-06418 Filed 3-21-16; 8:45 am]
BILLING CODE 7710-FW-P