Market Test of Experimental Product: Global eCommerce Marketplace (GeM) Merchant Solution, 15761 [2016-06623]
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Federal Register / Vol. 81, No. 57 / Thursday, March 24, 2016 / Notices
quarterly basis. Id. at 8; see 39 CFR
3035.20.
related financial information remain
under seal. Id. Attachment 1.
5. Statutory Authority
IV. Notice of Commission Action
The Postal Service asserts that the
proposed GeM Merchant market test
satisfies the conditions on market tests
of experimental products. Notice at 3;
see 39 U.S.C. 3641(b). The Postal
Service submits that GeM Merchant is
significantly different from all products
offered within the past 2 years. Notice
at 3; see 39 U.S.C. 3641(b)(1). The Postal
Service states that GeM Merchant would
offer a new feature: the ability for a
consumer to prepay estimated foreign
duties and taxes at the time of purchase.
Notice at 4.
The Postal Service does not expect
GeM Merchant to create an ‘‘unfair or
otherwise inappropriate competitive
advantage for the Postal Service or any
mailer, with regard to any other party
(including small businesses).’’ Id. at 5
(quoting 39 U.S.C. 3641(b)(2)); see 39
U.S.C. 3641(b)(2). The Postal Service
states that at least four companies
presently offer similar services,
including one small business, which the
Postal Service has contracted with.
Notice at 5. Furthermore, the Postal
Service represents that the proposed
GeM Merchant market test would not
directly compete with small businesses
offering niche regional and freightforwarding services because those small
businesses serve a different market than
the end-to-end GeM Merchant product.
Id.
The Postal Service classifies GeM
Merchant as a competitive product,
asserting that GeM Merchant is designed
for international packages and are
unlikely to contain any letters, and thus,
do not fall under the Private Express
Statutes. Id. at 6; see 39 U.S.C.
3641(b)(3). The Postal Service asserts
that it faces significant competition in
the outbound international package
delivery marketplace, including major
competitors with products for
facilitating outbound international
shipments with duties and taxes paid at
the time of purchase. Notice at 6.
The Commission establishes Docket
No. MT2016–1 to consider matters
raised by the Notice. The Commission
invites comments on whether the Postal
Service’s filing is consistent with the
requirements of 39 U.S.C. 3641 and 39
CFR part 3035. Comments are due no
later than April 11, 2016. The public
portions of these filings can be accessed
via the Commission’s Web site (https://
www.prc.gov).
The Commission appoints James
Waclawski 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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III. Contents of Filing
To support its Notice, the Postal
Service filed its proposed changes to the
Mail Classification Schedule, as well as
redacted versions of the GeM Merchant
model contract, GeM Merchant price
ranges summary, and supporting
financial workpapers. The Postal
Service also submitted an application
for non-public treatment of materials
requesting that unredacted versions of
the GeM Merchant model contract, GeM
Merchant price ranges summary, and
VerDate Sep<11>2014
17:44 Mar 23, 2016
Jkt 238001
V. Ordering Paragraphs
It is ordered:
1. The Commission establishes Docket
No. MT2016–1 to consider the matters
raised by the Notice.
2. Pursuant to 39 U.S.C. 505, James
Waclawski is appointed to serve as an
officer of the Commission to represent
the interests of the general public in
these proceedings (Public
Representative).
3. Comments are due no later than
April 11, 2016.
4. The Secretary shall arrange for
publication of this order in the Federal
Register.
By the Commission.
Stacy L. Ruble,
Secretary.
[FR Doc. 2016–06616 Filed 3–23–16; 8:45 am]
BILLING CODE 7710–FW–P
Market Test of Experimental Product:
Global eCommerce Marketplace (GeM)
Merchant Solution
Postal ServiceTM.
ACTION: Notice.
AGENCY:
The Postal Service gives
notice of a market test of an
experimental product in accordance
with statutory requirements.
DATES: March 24, 2016.
FOR FURTHER INFORMATION CONTACT: Kyle
Coppin, 202–268–2368.
SUPPLEMENTARY INFORMATION: The
United States Postal Service® hereby
gives notice pursuant to 39 U.S.C.
3641(c)(1) that it will begin a market test
of its Global eCommerce Marketplace
(GeM) Merchant Solution experimental
product on or after April 30, 2016. The
Postal Service has filed with the Postal
SUMMARY:
Frm 00085
Fmt 4703
Regulatory Commission a notice setting
out the basis for the Postal Service’s
determination that the market test is
covered by 39 U.S.C. 3641 and
describing the nature and scope of the
market test. Documents are available at
www.prc.gov, Docket No. MT2016–1.
Stanley F. Mires,
Attorney, Legal Policy & Legislative Advice.
[FR Doc. 2016–06623 Filed 3–23–16; 8:45 am]
BILLING CODE 7710–12–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–77402; File No. SR–Phlx–
2016–21]
Self-Regulatory Organizations;
NASDAQ PHLX LLC; Notice of Filing
and Immediate Effectiveness of
Proposed Rule Change To Amend
Rebates and Fees for Adding and
Removing Liquidity in SPY
March 18, 2016.
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 March 10,
2016, NASDAQ PHLX LLC
(‘‘Exchange’’) filed with the Securities
and Exchange Commission (‘‘SEC’’ or
‘‘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.
DATE:
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
POSTAL SERVICE
PO 00000
15761
Sfmt 4703
The Exchange proposes to amend the
Phlx Pricing Schedule at Section I,
entitled ‘‘Rebates and Fees for Adding
and Removing Liquidity in SPY,’’
specifically related to PIXL 3 executions
in options overlying SPY.4
The text of the proposed rule change
is available on the Exchange’s Web site
1 15
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 PIXLSM is the Exchange’s price improvement
mechanism known as Price Improvement XL or
PIXL. A member may electronically submit for
execution an order it represents as agent on behalf
of a public customer, broker-dealer, or any other
entity (‘‘PIXL Order’’) against principal interest or
against any other order (except as provided in Rule
1080(n)(i)(E)) it represents as agent (‘‘Initiating
Order’’), provided it submits the PIXL order for
electronic execution into the PIXL Auction
pursuant to Rule 1080. See Exchange Rule 1080(n).
4 Options overlying Standard and Poor’s
Depositary Receipts/SPDRs (‘‘SPY’’) are based on
the SPDR exchange-traded fund, which is designed
to track the performance of the S&P 500 Index.
2 17
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]]>Agencies
[Federal Register Volume 81, Number 57 (Thursday, March 24, 2016)]
[Notices]
[Page 15761]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-06623]
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POSTAL SERVICE
Market Test of Experimental Product: Global eCommerce Marketplace
(GeM) Merchant Solution
AGENCY: Postal ServiceTM.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: The Postal Service gives notice of a market test of an
experimental product in accordance with statutory requirements.
DATES: March 24, 2016.
FOR FURTHER INFORMATION CONTACT: Kyle Coppin, 202-268-2368.
SUPPLEMENTARY INFORMATION: The United States Postal Service[supreg]
hereby gives notice pursuant to 39 U.S.C. 3641(c)(1) that it will begin
a market test of its Global eCommerce Marketplace (GeM) Merchant
Solution experimental product on or after April 30, 2016. The Postal
Service has filed with the Postal Regulatory Commission a notice
setting out the basis for the Postal Service's determination that the
market test is covered by 39 U.S.C. 3641 and describing the nature and
scope of the market test. Documents are available at www.prc.gov,
Docket No. MT2016-1.
Stanley F. Mires,
Attorney, Legal Policy & Legislative Advice.
[FR Doc. 2016-06623 Filed 3-23-16; 8:45 am]
BILLING CODE 7710-12-P
