New Postal Product, 15356-15357 [2016-06418]
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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).
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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
(https://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).
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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 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 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).
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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
(https://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:
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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
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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.
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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]
-----------------------------------------------------------------------
POSTAL REGULATORY COMMISSION
[Docket No. CP2016-125; Order No. 3157]
New Postal Product
AGENCY: Postal Regulatory Commission.
ACTION: Notice.
-----------------------------------------------------------------------
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 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 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\
---------------------------------------------------------------------------
\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 (https://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