Product Change-Priority Mail Negotiated Service Agreement, 83297 [2016-27899]
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Federal Register / Vol. 81, No. 224 / Monday, November 21, 2016 / Notices
www.prc.gov, Docket Nos. MC2017–18,
CP2017–37.
Stanley F. Mires,
Attorney, Federal Compliance.
[FR Doc. 2016–27890 Filed 11–18–16; 8:45 am]
BILLING CODE 7710–12–P
POSTAL SERVICE
Product Change—Priority Mail
Negotiated Service Agreement
‘‘Exchange’’) filed with the Securities
and Exchange Commission (the
‘‘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
Postal ServiceTM.
ACTION: Notice.
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: November 21,
2016.
SUMMARY:
The Exchange proposes to amend the
fees for NYSE BBO and NYSE Trades to
lower the Enterprise Fee. 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.
FOR FURTHER INFORMATION CONTACT:
II. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
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 November 14,
2016, it filed with the Postal Regulatory
Commission a Request of the United
States Postal Service to Add Priority
Mail Contract 256 to Competitive
Product List. Documents are available at
www.prc.gov, Docket Nos. MC2017–17,
CP2017–36.
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,
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 the
Statutory Basis for, the Proposed Rule
Change
SUPPLEMENTARY INFORMATION:
[FR Doc. 2016–27899 Filed 11–18–16; 8:45 am]
BILLING CODE 7710–12–P
1. Purpose
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–79313; File No. SR–NYSE–
2016–74]
Self-Regulatory Organizations; New
York Stock Exchange LLC; Notice of
Filing and Immediate Effectiveness of
Proposed Rule Change Amending the
Fees for NYSE BBO and NYSE Trades
To Lower the Enterprise Fee
asabaliauskas on DSK3SPTVN1PROD with NOTICES
November 15, 2016.
Pursuant to Section 19(b)(1) 1 of the
Securities Exchange Act of 1934 (the
‘‘Act’’) 2 and Rule 19b–4 thereunder,3
notice is hereby given that, on
November 1, 2016, New York Stock
Exchange LLC (‘‘NYSE’’ or the
1 15
U.S.C. 78s(b)(1).
U.S.C. 78a.
3 17 CFR 240.19b–4.
2 15
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18:09 Nov 18, 2016
Jkt 241001
The Exchange proposes to amend the
fees for NYSE BBO and NYSE Trades
market data products,4 as set forth on
the NYSE Proprietary Market Data Fee
Schedule (‘‘Fee Schedule’’).
Specifically, the Exchange proposes to
lower the Enterprise Fee. The Exchange
proposes to make the fee change
effective November 1, 2016.
The Exchange currently charges an
enterprise fee of $185,000 per month for
an unlimited number of professional
and non-professional users for each of
4 See
Securities Exchange Act Release Nos. 61914
(Apr. 14, 2010), 74 [sic] FR 21077 (Apr. 22, 2010)
(SR–NYSE–2010–30) (notice—NYSE BBO); 62181
(May 26, 2010), 75 FR 31488 (June 3, 2010) (SR–
NYSE–2010–30) (approval order—NYSE BBO);
59309 (Jan. 28, 2009), 74 FR 6073 (Feb. 4, 2009)
(SR–NYSE–2009–04) (notice—NYSE Trades); and
59309 (Mar. 19, 2009), 74 FR 13293 (Mar. 26, 2009)
(approval order—NYSE Trades) (SR–NYSE–2009–
04) and 62038 (May 5, 2010), 75 FR 26825 (May 12,
2010) (SR–NYSE–2010–22).
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83297
NYSE BBO and NYSE Trades.5 A single
Enterprise Fee applies for clients
receiving both NYSE BBO and NYSE
Trades.6 The Exchange proposes to
lower the enterprise fee to $37,500 per
month.
As an example, under the current fee
structure for per user fees, if a firm had
40,000 professional users who each
received NYSE Trades at $4 per month
and NYSE BBO at $4 per month,
without the Enterprise Fee, the firm
would be subject to $320,000 per month
in professional user fees. Under the
current pricing structure, the charge
would be capped at $185,000 and
effective November 1, 2016 it would be
capped at $37,500.
Under the proposed enterprise fee, the
firm would pay a flat fee of $37,500 for
an unlimited number of professional
and non-professional users for both
products. As is the case currently, a data
recipient that pays the enterprise fee
would not have to report the number of
such users on a monthly basis.7
However, every six months, a data
recipient must provide the Exchange
with a count of the total number of
natural person users of each product,
including both professional and nonprofessional users.
2. Statutory Basis
The Exchange believes that the
proposed rule change is consistent with
the provisions of Section 6 of the Act,8
in general, and Sections 6(b)(4) and
6(b)(5) of the Act,9 in particular, in that
it provides an equitable allocation of
reasonable fees among users and
recipients of the data and is not
designed to permit unfair
discrimination among customers,
issuers, and brokers.
The proposed fee change is also
equitable and not unfairly
discriminatory because it would apply
to all data recipients that choose to
subscribe to NYSE BBO and NYSE
Trades.
The proposed enterprise fees for
NYSE BBO and NYSE Trades are
reasonable because they could result in
a fee reduction for data recipients with
a large number of professional and
nonprofessional users, as described in
the example above. If a data recipient
5 See Securities Exchange Act Release No. 76912
(January 14, 2016), 81 FR 3490 (January 21, 2016)
(SR–NYSE–2016–03).
6 See Securities Exchange Act Release No. 70211
(August 15, 2013), 78 FR 51781 (August 21, 2013)
(SR–NYSE–2013–58).
7 Professional users currently are subject to a per
display device count. See Securities [sic] Act
Release No. 73985 (January 5, 2015), 80 FR 1456
(January 9, 2015) (SR–NYSE–2014–75).
8 15 U.S.C. 78f(b).
9 15 U.S.C. 78f(b)(4), (5).
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]]>Agencies
[Federal Register Volume 81, Number 224 (Monday, November 21, 2016)]
[Notices]
[Page 83297]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-27899]
-----------------------------------------------------------------------
POSTAL SERVICE
Product Change--Priority Mail 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: November 21, 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
November 14, 2016, it filed with the Postal Regulatory Commission a
Request of the United States Postal Service to Add Priority Mail
Contract 256 to Competitive Product List. Documents are available at
www.prc.gov, Docket Nos. MC2017-17, CP2017-36.
Stanley F. Mires,
Attorney, Federal Compliance.
[FR Doc. 2016-27899 Filed 11-18-16; 8:45 am]
BILLING CODE 7710-12-P
