Mail Classification Schedule Changes Pertaining to Priority Mail International Flat Rate Envelopes and Priority Mail International Small Flat Rate Boxes, 33560-33561 [2016-12400]
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33560
Federal Register / Vol. 81, No. 102 / Thursday, May 26, 2016 / Notices
an application for non-public treatment
of certain materials. It also filed
supporting financial workpapers.
II. Notice of Commission Action
The Commission establishes Docket
Nos. MC2016–136 and CP2016–173 to
consider the Request pertaining to the
proposed Priority Mail Contract 219
product and the related 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 June 1, 2016. The
public portions of these filings can be
accessed via the Commission’s Web site
(https://www.prc.gov).
The Commission appoints Cassie
D’Souza to serve as Public
Representative in these dockets.
III. Ordering Paragraphs
It is ordered:
1. The Commission establishes Docket
Nos. MC2016–136 and CP2016–173 to
consider the matters raised in each
docket.
2. Pursuant to 39 U.S.C. 505, Cassie
D’Souza 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
June 1, 2016.
4. The Secretary shall arrange for
publication of this order in the Federal
Register.
[FR Doc. 2016–12392 Filed 5–25–16; 8:45 am]
BILLING CODE 7710–FW–P
POSTAL REGULATORY COMMISSION
[Docket Nos. MC2016–133 and CP2016–170;
Order No. 3304]
New Postal Product
Postal Regulatory Commission.
Notice.
AGENCY:
sradovich on DSK3TPTVN1PROD with NOTICES
The Commission is noticing a
recent Postal Service filing concerning
the addition of Priority Mail Contract
216 to the competitive product list. This
notice informs the public of the filing,
invites public comment, and takes other
administrative steps.
DATES: Comments are due: June 1, 2016.
SUMMARY:
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18:47 May 25, 2016
III. Ordering Paragraphs
FOR FURTHER INFORMATION CONTACT:
It is ordered:
1. The Commission establishes Docket
Nos. MC2016–133 and CP2016–170 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).
3. Comments are due no later than
June 1, 2016.
4. The Secretary shall arrange for
publication of this order in the Federal
Register.
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.
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
In accordance with 39 U.S.C. 3642
and 39 CFR 3020.30–.35, the Postal
Service filed a formal request and
associated supporting information to
add Priority Mail Contract 216 to the
competitive product list.1
The Postal Service
contemporaneously filed a redacted
contract related to the proposed new
product under 39 U.S.C. 3632(b)(3) and
39 CFR 3015.5. Request, Attachment B.
To support its Request, the Postal
Service filed a copy of the contract, a
copy of the Governors’ Decision
authorizing the product, proposed
changes to the Mail Classification
Schedule, a Statement of Supporting
Justification, 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
By the Commission.
Stacy L. Ruble,
Secretary.
ACTION:
ADDRESSES:
Jkt 238001
The Commission establishes Docket
Nos. MC2016–133 and CP2016–170 to
consider the Request pertaining to the
proposed Priority Mail Contract 216
product and the related 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 June 1, 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.
1 Request of the United States Postal Service to
Add Priority Mail Contract 216 to Competitive
Product List and Notice of Filing (Under Seal) of
Unredacted Governors’ Decision, Contract, and
Supporting Data, May 19, 2016 (Request).
PO 00000
Frm 00102
Fmt 4703
Sfmt 4703
By the Commission.
Stacy L. Ruble,
Secretary.
[FR Doc. 2016–12393 Filed 5–25–16; 8:45 am]
BILLING CODE 7710–FW–P
POSTAL SERVICE
Mail Classification Schedule Changes
Pertaining to Priority Mail International
Flat Rate Envelopes and Priority Mail
International Small Flat Rate Boxes
Postal Service.
Notice; modified effective date.
AGENCY:
ACTION:
The Postal Service has filed a
notice with the Postal Regulatory
Commission to establish a new
implementation date for the changes to
the Mail Classification Schedule
provisions pertaining to Priority Mail
International Flat Rate Envelopes and
Priority Mail International Small Flat
Rate Boxes.
DATES: Effective date: May 26, 2016.
FOR FURTHER INFORMATION CONTACT:
Christopher C. Meyerson, 202–268–
7820.
SUMMARY:
On May
20, 2016, the United States Postal
Service® filed with the Postal
Regulatory Commission (Commission) a
new implementation date of August 28,
2016, for pending changes to the Mail
Classification Schedule related to
Priority Mail International Flat Rate
Envelopes and Priority Mail
International Small Flat Rate Boxes.
These changes were the subject of a
previous notice in the Federal Register
published by the Postal Service on April
14, 2016 (81 FR 22131). Documents
pertinent to this request are available at
https://www.prc.gov, Docket No.
MC2016–118. The Governors’ Decision
SUPPLEMENTARY INFORMATION:
E:\FR\FM\26MYN1.SGM
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Federal Register / Vol. 81, No. 102 / Thursday, May 26, 2016 / Notices
in connection with the revised date is
reprinted below.
Stanley F. Mires,
Attorney, Federal Compliance.
Decision of the Governors of the United
States Postal Service Concerning
Revised Implementation Date of Mail
Classification Schedule Changes for
Priority Mail International Flat Rate
Envelopes and Priority Mail
International Small Flat Rate Boxes
(Governors’ Decision No. 16–2)
May 12, 2016.
Statement of Explanation and
Justification
Pursuant to section 404(b) and
Chapter 36 of title 39, United States
Code, Governors’ Decision No. 16–1
established classification changes to
Priority Mail International Flat Rate
Envelopes (PMI FREs) and PMI Small
Flat Rate Boxes (PMI SFRBs) to be
effective June 3, 2016.
Due to operational considerations, I
hereby revise the implementation date
of the classification changes set forth in
Governors’ Decision No. 16–1 as
indicated in our order below.
Order
The changes in classification to PMI
FREs and PMI SFRBs established in
Governors’ Decision No. 16–1 shall be
effective on August 28, 2016.
By The Governors:
James H. Bilbray
Chairman, Temporary Emergency Committee
of the Board of Governors
[FR Doc. 2016–12400 Filed 5–25–16; 8:45 am]
BILLING CODE 7710–12–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–77875; File No. SR–ISE–
2016–08]
Self-Regulatory Organizations;
International Securities Exchange,
LLC; Order Approving Proposed Rule
Change Related to Market Wide Risk
Protection
sradovich on DSK3TPTVN1PROD with NOTICES
May 20, 2016.
I. Introduction
On March 17, 2016, the International
Securities Exchange, LLC (the
‘‘Exchange’’ or ‘‘ISE’’) filed with the
Securities and Exchange Commission
(‘‘Commission’’) pursuant to Section
19(b)(1) of the Securities Exchange Act
of 1934 (‘‘Act’’) 1 and Rule 19b–4
thereunder,2 a proposed rule change to
1 15
2 17
U.S.C. 78s(b)(1).
CFR 240.19b–4.
VerDate Sep<11>2014
18:47 May 25, 2016
Jkt 238001
introduce new activity-based risk
protection functionality. The proposed
rule change was published for comment
in the Federal Register on April 6,
2016.3 No comment letters were
received in response to this proposal.
This order approves the proposed rule
change.
II. Description of the Proposed Rule
Change
The Exchange proposed to introduce
two activity-based risk protection
measures that will be mandatory for all
members: (1) The ‘‘Order Entry Rate
Protection,’’ which prevents members
from entering orders at a rate that
exceeds predefined thresholds,4 and (2)
the ‘‘Order Execution Rate Protection,’’
which prevents members from
executing orders at a rate that exceeds
their predefined risk settings (together,
‘‘Market Wide Risk Protection’’). The
Exchange will announce the
implementation date of the proposed
rule in a circular to be distributed to
members prior to implementation.5
Pursuant to proposed Rule 714(d),
‘‘Market Wide Risk Protection,’’ the
Exchange’s trading system (the
‘‘System’’) will maintain one or more
counting programs on behalf of each
member that will track the number of
orders entered and the number of
contracts traded on ISE or, if chosen by
the member, across both ISE and its
affiliate, ISE Gemini, LLC (‘‘ISE
Gemini’’).6 Members may also use
multiple counting programs to separate
risk protections for different groups
established within the member.7 The
counting programs will maintain
separate counts, over rolling time
periods specified by the member, for
each count of: (1) The total number of
orders entered in the regular order book;
(2) the total number of orders entered in
the complex order book with only
options legs; (3) the total number of
orders entered in the complex order
book with both stock and options legs;
3 See Securities Exchange Act Release No. 77489
(Mar. 31, 2016), 81 FR 20004 (‘‘Notice’’).
4 The Exchange stated that it will initiate the
Order Entry Rate Protection pre-open, but in a
manner that allows members time to load their
orders without inadvertently triggering the
protection. The Exchange further noted that it will
establish and communicate the precise initiation
time via circular and prior to implementation. See
Notice, supra note 3, at 20004 n.4.
5 See Notice, supra note 3, at 20004.
6 Members may set different risk parameters for
their trading activity on each exchange, or they may
set risk parameters that apply to their trading across
both ISE and ISE Gemini. See proposed Rule 714(d).
7 The Exchange stated that it will explain how
members can go about setting up risk protections
for different groups (e.g., business units) in a
circular issued to members. See Notice, supra note
3, at 20004–05 n.7.
PO 00000
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Fmt 4703
Sfmt 4703
33561
(4) the total number of contracts traded
in regular orders; and (5) the total
number of contracts traded in complex
orders with only options legs.8
According to the Exchange, members
will have the discretion to establish the
applicable time period for each of the
counts maintained under the Market
Wide Risk Protection, provided that the
selected period is within minimum and
maximum time parameters that will be
established by the Exchange and
announced via circular.9 By contrast,
the Exchange’s proposal does not
establish minimum or maximum values
for any of the order entry or execution
parameters described in (1) through (5)
above. Nevertheless, the Exchange will
establish default values 10 for the time
period, order entry, and contracts traded
parameters in a circular to be
distributed to members. The Exchange
represented that such default values
will apply only to members that do not
submit their own parameters for the
Market Wide Risk Protection
measures.11
The Exchange further proposed to use
separate counts for regular orders,
complex options orders,12 and complex
orders with a stock component,13 as it
believed that members may want to
have different risk settings for these
instruments. If the Market Wide Risk
Protection is triggered based on any
count, however, proposed Rule 714(d)
states that the triggered action
(discussed below) will be taken across
the entire market—with respect to all
products traded in both simple and
complex instruments and across ISE (or,
8 See proposed Rule 714(d). The Exchange
clarified that a member’s allowable order rate for
the Order Entry Rate Protection will be comprised
of parameters (1) to (3), while the allowable contract
execution rate for the Order Execution Rate
Protection will be comprised of parameters (4) and
(5). The Exchange further explained that contracts
executed on the agency and contra-side of a twosided crossing order will be counted separately for
the Order Execution Rate Protection. See Notice,
supra note 3, at 20005.
9 Id. The Exchange stated that it anticipated
setting these minimum and maximum time
parameters at one second and a full trading day,
respectively. See Notice, supra note 3, at 20005 n.9.
10 See proposed Rule 714(d); see also Notice,
supra note 3, at 20005.
11 Id.
12 The Exchange explained that the contract
execution count for complex orders with only
options legs will be the sum of the number of
contracts executed with respect to each leg. Id.
13 Complex orders that contain a stock component
will not be included as part of the complex order
execution count. The Exchange stated its belief that
the separate components of stock-option orders (i.e.,
options components executed in contracts and
stock components executed in shares) could not be
combined in a way that would provide a
meaningful measure of risk exposure. See Notice,
supra note 3, at 20005 n.10.
E:\FR\FM\26MYN1.SGM
26MYN1
]]>Agencies
[Federal Register Volume 81, Number 102 (Thursday, May 26, 2016)]
[Notices]
[Pages 33560-33561]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-12400]
=======================================================================
-----------------------------------------------------------------------
POSTAL SERVICE
Mail Classification Schedule Changes Pertaining to Priority Mail
International Flat Rate Envelopes and Priority Mail International Small
Flat Rate Boxes
AGENCY: Postal Service.
ACTION: Notice; modified effective date.
-----------------------------------------------------------------------
SUMMARY: The Postal Service has filed a notice with the Postal
Regulatory Commission to establish a new implementation date for the
changes to the Mail Classification Schedule provisions pertaining to
Priority Mail International Flat Rate Envelopes and Priority Mail
International Small Flat Rate Boxes.
DATES: Effective date: May 26, 2016.
FOR FURTHER INFORMATION CONTACT: Christopher C. Meyerson, 202-268-7820.
SUPPLEMENTARY INFORMATION: On May 20, 2016, the United States Postal
Service[supreg] filed with the Postal Regulatory Commission
(Commission) a new implementation date of August 28, 2016, for pending
changes to the Mail Classification Schedule related to Priority Mail
International Flat Rate Envelopes and Priority Mail International Small
Flat Rate Boxes. These changes were the subject of a previous notice in
the Federal Register published by the Postal Service on April 14, 2016
(81 FR 22131). Documents pertinent to this request are available at
https://www.prc.gov, Docket No. MC2016-118. The Governors' Decision
[[Page 33561]]
in connection with the revised date is reprinted below.
Stanley F. Mires,
Attorney, Federal Compliance.
Decision of the Governors of the United States Postal Service
Concerning Revised Implementation Date of Mail Classification Schedule
Changes for Priority Mail International Flat Rate Envelopes and
Priority Mail International Small Flat Rate Boxes (Governors' Decision
No. 16-2)
May 12, 2016.
Statement of Explanation and Justification
Pursuant to section 404(b) and Chapter 36 of title 39, United
States Code, Governors' Decision No. 16-1 established classification
changes to Priority Mail International Flat Rate Envelopes (PMI FREs)
and PMI Small Flat Rate Boxes (PMI SFRBs) to be effective June 3, 2016.
Due to operational considerations, I hereby revise the
implementation date of the classification changes set forth in
Governors' Decision No. 16-1 as indicated in our order below.
Order
The changes in classification to PMI FREs and PMI SFRBs established
in Governors' Decision No. 16-1 shall be effective on August 28, 2016.
By The Governors:
James H. Bilbray
Chairman, Temporary Emergency Committee of the Board of Governors
[FR Doc. 2016-12400 Filed 5-25-16; 8:45 am]
BILLING CODE 7710-12-P
