Product Change-First-Class Package Service Negotiated Service Agreement, 33715-33716 [2016-12533]
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Federal Register / Vol. 81, No. 103 / Friday, May 27, 2016 / Notices
33715
POSTAL SERVICE
POSTAL SERVICE
POSTAL SERVICE
Product Change—Parcel Select
Negotiated Service Agreement
Product Change—Priority Mail Express
Negotiated Service Agreement
Product Change—Priority Mail and
First-Class Package Service
Negotiated Service Agreement
Postal ServiceTM.
Notice.
Postal ServiceTM.
Notice.
AGENCY:
AGENCY:
ACTION:
ACTION:
AGENCY:
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: May 27, 2016.
FOR FURTHER INFORMATION CONTACT:
Elizabeth A. Reed, 202–268–3179.
SUPPLEMENTARY INFORMATION: The
United States Postal Service® hereby
gives notice that, pursuant to 39 U.S.C.
3642 and 3632(b)(3), on May 20, 2016,
it filed with the Postal Regulatory
Commission a Request of the United
States Postal Service to Add Parcel
Select Contract 15 to Competitive
Product List. Documents are available at
www.prc.gov, Docket Nos. MC2016–137,
CP2016–174.
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: May 27, 2016.
FOR FURTHER INFORMATION CONTACT:
Elizabeth A. Reed, 202–268–3179.
SUPPLEMENTARY INFORMATION: The
United States Postal Service® hereby
gives notice that, pursuant to 39 U.S.C.
3642 and 3632(b)(3), on May 20, 2016,
it filed with the Postal Regulatory
Commission a Request of the United
States Postal Service to Add Priority
Mail Express Contract 36 to Competitive
Product List. Documents are available at
www.prc.gov, Docket Nos. MC2016–138,
CP2016–175.
Stanley F. Mires,
Attorney, Federal Compliance.
Stanley F. Mires,
Attorney, Federal Compliance.
[FR Doc. 2016–12536 Filed 5–26–16; 8:45 am]
[FR Doc. 2016–12530 Filed 5–26–16; 8:45 am]
BILLING CODE 7710–12–P
BILLING CODE 7710–12–P
SUMMARY:
SUMMARY:
POSTAL SERVICE
Product Change—First-Class Package
Service Negotiated Service Agreement
Product Change—Priority Mail Express
Negotiated Service Agreement
Postal ServiceTM.
Notice.
Postal ServiceTM.
Notice.
ACTION:
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: May 27, 2016.
FOR FURTHER INFORMATION CONTACT:
Elizabeth A. Reed, 202–268–3179.
SUPPLEMENTARY INFORMATION: The
United States Postal Service® hereby
gives notice that, pursuant to 39 U.S.C.
3642 and 3632(b)(3), on May 20, 2016,
it filed with the Postal Regulatory
Commission a Request of the United
States Postal Service to Add Priority
Mail Express Contract 37 to Competitive
Product List. Documents are available at
www.prc.gov, Docket Nos. MC2016–139,
CP2016–176.
Stanley F. Mires,
Attorney, Federal Compliance.
Stanley F. Mires,
Attorney, Federal Compliance.
[FR Doc. 2016–12535 Filed 5–26–16; 8:45 am]
[FR Doc. 2016–12531 Filed 5–26–16; 8:45 am]
BILLING CODE 7710–12–P
BILLING CODE 7710–12–P
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SUMMARY:
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DATES:
Effective date: May 27, 2016.
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 May 20, 2016,
it filed with the Postal Regulatory
Commission a Request of the United
States Postal Service to Add Priority
Mail & First-Class Package Service
Contract 19 to Competitive Product List.
Documents are available at
www.prc.gov, Docket Nos. MC2016–142,
CP2016–179.
SUPPLEMENTARY INFORMATION:
Sfmt 4703
BILLING CODE 7710–12–P
POSTAL SERVICE
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: May 27, 2016.
FOR FURTHER INFORMATION CONTACT:
Elizabeth A. Reed, 202–268–3179.
SUPPLEMENTARY INFORMATION: The
United States Postal Service® hereby
gives notice that, pursuant to 39 U.S.C.
3642 and 3632(b)(3), on May 20, 2016,
it filed with the Postal Regulatory
Commission a Request of the United
States Postal Service to Add First-Class
Package Service Contract 54 to
Competitive Product List. Documents
are available at www.prc.gov, Docket
Nos. MC2016–141, CP2016–178.
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.
SUMMARY:
[FR Doc. 2016–12528 Filed 5–26–16; 8:45 am]
AGENCY:
ACTION:
Notice.
Stanley F. Mires,
Attorney, Federal Compliance.
POSTAL SERVICE
AGENCY:
ACTION:
Postal ServiceTM.
Product Change—First-Class Package
Service Negotiated Service Agreement
AGENCY:
ACTION:
Postal ServiceTM.
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: May 27, 2016.
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 May 20, 2016,
it filed with the Postal Regulatory
Commission a Request of the United
States Postal Service to Add First-Class
Package Service Contract 53 to
Competitive Product List. Documents
SUPPLEMENTARY INFORMATION:
E:\FR\FM\27MYN1.SGM
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33716
Federal Register / Vol. 81, No. 103 / Friday, May 27, 2016 / Notices
are available at www.prc.gov, Docket
Nos. MC2016–140, CP2016–177.
of the most significant parts of such
statements.
Stanley F. Mires,
Attorney, Federal Compliance.
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
[FR Doc. 2016–12533 Filed 5–26–16; 8:45 am]
BILLING CODE 7710–12–P
1. Purpose
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–77885; File No. SR–
NYSEArca–2016–75]
Self-Regulatory Organizations; NYSE
Arca, Inc.; Notice of Filing and
Immediate Effectiveness of Proposed
Rule Change Amending the NYSE Arca
Options Fee Schedule
May 23, 2016.
Pursuant to section 19(b)(1) 1 of the
Securities Exchange Act of 1934
(‘‘Act’’) 2 and Rule 19b–4 thereunder,3
notice is hereby given that, on May 17,
2016, NYSE Arca, Inc. (the ‘‘Exchange’’
or ‘‘NYSE Arca’’) filed with the
Securities and Exchange Commission
(‘‘Commission’’) the proposed rule
change as described in Items I, II, and
III below, which Items have been
prepared by the self-regulatory
organization. The Commission is
publishing this notice to solicit
comments on the proposed rule change
from interested persons.
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The Exchange proposes to amend the
NYSE Arca Options Fee Schedule (‘‘Fee
Schedule’’). The Exchange proposes to
implement the fee change effective May
17, 2016. The proposed rule change is
available on the Exchange’s Web site at
www.nyse.com, at the principal office of
the Exchange, and at the Commission’s
Public Reference Room.
sradovich on DSK3TPTVN1PROD with NOTICES
II. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
In its filing with the Commission, the
self-regulatory organization included
statements concerning the purpose of,
and basis for, the proposed rule change
and discussed any comments it received
on the proposed rule change. The text
of those statements may be examined at
the places specified in Item IV below.
The Exchange has prepared summaries,
set forth in sections A, B, and C below,
1 15
U.S.C. 78s(b)(1).
U.S.C. 78a.
3 17 CFR 240.19b–4.
2 15
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The purpose of this filing is to
restructure the Lead Market Maker
(‘‘LMM’’) Rights Fees (‘‘Rights Fee’’) and
to provide new opportunities for LMMs
to achieve a discounted Rights Fee
based on volume executed on the
Exchange. The Exchange proposes to
implement the fee change effective May
17, 2016.
Currently, the Exchange charges a
Rights Fee on each issue in an LMM’s
allocation, with rates based on the
Average National Daily Customer
Contracts (‘‘CADV’’). The monthly
Rights Fee ranges from $45 per month
to $1,500 per month. With one
exception, under the current Fee
Schedule the more active an issue, the
higher the Rights Fee. The one
exception to this general rule is that the
Exchange currently charges a higher rate
for the lowest-volume issues (i.e., less
than 101 CADV) to balance the
Exchange’s revenue with the cost of
listing and maintaining these lowvolume issues.
The Exchange proposes to restructure
the LMM Rights Fee to be more aligned
with the economic benefit of being the
LMM in a given issue, based on trading
activity in an issue. The Exchange
proposes that some rates would
decrease (for lower-volume issues) and
others would increase (for highervolume issues). Using the same CADV
levels currently in place, the Exchange
proposes to modify the Rights Fee as
follows:
LMM RIGHTS FEE
Average national
daily customer
contracts
0–100 ....................
101–1,000 .............
1,001–2,000 ..........
2,001–5,000 ..........
5,001–15,000 ........
15,001–100,000 ....
100,000+ ...............
Current
fee
$125
45
75
200
375
750
1,500
Proposed
fee
$25
35
75
200
750
1,500
3,000
As shown in the chart above, the
Exchange proposes to significantly
decrease the Rights Fee for the lowestvolume issues (i.e., between 0–100
contracts) to better account for the costs
to each LMM, irrespective of costs and
revenue to the Exchange associated with
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listing an issue.4 The Exchange also
proposes to slightly decrease the Rights
Fee for option issues trading between
101–1,000 CADV to similarly align with
the cost to the Exchange associated with
such issues. The Exchange believes the
proposed reduction in the Rights Fee for
issues trading under 1,001CADV [sic]
would create an incentive for LMMs to
request appointments in these lowervolume issues, which may result in
increased liquidity to the benefit of
market participants. In addition, the
Exchange proposes to increase the
Rights Fees associated with the three
most active CADV categories of issues to
better reflect the economic benefits of
being an LMM in more actively-traded
issues (i.e., option issues trading more
than 5,000 CADV). The Exchange
believes the proposed modifications to
the Rights Fee are appropriate as an
LMM would have an opportunity to
interact with fewer than 101 contracts
per day to cover the proposed $25 per
month Rights Fee and would have the
opportunity to interact with more than
100,000 contracts per day to cover the
proposed $3,000 per month Rights Fee.
To potentially offset the proposed
increase in Rights Fees for the most
actively traded issues, the Exchange also
proposes to adopt two additional
discounts to the Rights Fee for the three
most active CADV categories of issues.
Specifically, the proposed discounts
would be available to LMMs with issues
in their appointment with a CADV
above 5,000 and would be based on the
amount of monthly (i) total electronic
volume and/or (ii) total posted volume
executed by an LMM in the Market
Maker range relative to other Marker
[sic] Makers appointed in that issue.5
The Exchange notes that there is only
one LMM per issue, and only LMMs are
subject to the Rights Fee. Under the
proposal, each month the LMM in an
issue would be ranked against nonLMM Market Makers that quote and
trade in that LMM’s issue. For each
issue, each month, if the LMM achieves
the highest total electronic volume
amongst all Market Makers, the LMM
would receive a 50% discount to its
Rights Fee. In addition, as proposed, for
each issue, each month, if the LMM
achieves the second highest total
electronic volume amongst all Market
4 In line with the proposed changes to the Rights
Fee for the lowest-volume issues, the Exchange also
proposes to delete from the Fee Schedule language
regarding when the issues were listed and whether
certain issues are ‘‘grandfathered’’ such that the
LMM Rights Fee for the next highest tier applies,
in addition to the related asterisk appearing after
the 0–100 CADV level.
5 Total posted volume executed by an LMM refers
to the total volume executed from posted liquidity.
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]]>Agencies
[Federal Register Volume 81, Number 103 (Friday, May 27, 2016)]
[Notices]
[Pages 33715-33716]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-12533]
-----------------------------------------------------------------------
POSTAL SERVICE
Product Change--First-Class Package Service Negotiated Service
Agreement
AGENCY: Postal ServiceTM.
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: May 27, 2016.
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
May 20, 2016, it filed with the Postal Regulatory Commission a Request
of the United States Postal Service to Add First-Class Package Service
Contract 53 to Competitive Product List. Documents
[[Page 33716]]
are available at www.prc.gov, Docket Nos. MC2016-140, CP2016-177.
Stanley F. Mires,
Attorney, Federal Compliance.
[FR Doc. 2016-12533 Filed 5-26-16; 8:45 am]
BILLING CODE 7710-12-P
