International Product Change-ADP 1 Contracts, 9608 [2017-02439]
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9608
Federal Register / Vol. 82, No. 24 / Tuesday, February 7, 2017 / Notices
[FR Doc. 2017–01933 Filed 2–6–17; 8:45 am]
BILLING CODE 7590–01–P
POSTAL SERVICE
International Product Change—ADP 1
Contracts
Postal ServiceTM.
ACTION: Notice.
AGENCY:
The Postal Service gives
notice of filing a request with the Postal
Regulatory Commission to add
Alternative Delivery Provider 1 product
to the Competitive Products List.
DATES: Effective date: February 7, 2017.
FOR FURTHER INFORMATION CONTACT:
Lauren Schuttloffel, (202) 268–4198.
SUPPLEMENTARY INFORMATION: The
United States Postal Service® hereby
gives notice that, pursuant to 39 U.S.C.
3642, on January 30, 2017, it filed with
the Postal Regulatory Commission a
Request of the United States Postal
Service to Add Alternative Delivery
Provider 1 Contracts to the Competitive
Products List, and Notice of Filing
(Under Seal) of Contract and
Application for Non-Public Treatment
of Materials Filed Under Seal.
Documents are available at
www.prc.gov, Docket Nos. MC2017–82
and CP2017–111.
SUMMARY:
proposed rule change as described in
Items I and II 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 list and
trade the shares of the following under
NYSE Arca Equities Rule 8.200,
Commentary .02 (‘‘Trust Issued
Receipts’’): Direxion Daily Crude Oil
Bull 3x Shares and Direxion Daily
Crude Oil Bear 3x Shares. 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.
BILLING CODE 7710–P
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,
of the most significant parts of such
statements.
SECURITIES AND EXCHANGE
COMMISSION
A. Self-Regulatory Organization’s
Statement of the Purpose of, and the
Statutory Basis for, the Proposed Rule
Change
Stanley F. Mires,
Attorney, Federal Requirements.
[FR Doc. 2017–02439 Filed 2–6–17; 8:45 am]
[Release No. 34–79916; File No. SR–
NYSEArca–2017–05]
Self-Regulatory Organizations; NYSE
Arca, Inc.; Notice of Filing of Proposed
Rule Change Relating to the Listing
and Trading of Shares of the Direxion
Daily Crude Oil Bull 3x Shares and
Direxion Daily Crude Oil Bear 3x
Shares Under NYSE Arca Equities Rule
8.200
Lhorne on DSK30JT082PROD with NOTICES
February 1, 2017.
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 January
23, 2017, NYSE Arca, Inc. (the
‘‘Exchange’’ or ‘‘NYSE Arca’’) filed with
the Securities and Exchange
Commission (the ‘‘Commission’’) the
1 15
U.S.C. 78s(b)(1).
U.S.C. 78a.
3 17 CFR 240.19b–4.
2 15
VerDate Sep<11>2014
14:31 Feb 06, 2017
Jkt 241001
1. Purpose
The Exchange proposes to list and
trade shares (‘‘Shares’’) of the following
under NYSE Arca Equities Rule 8.200,
Commentary .02, which governs the
listing and trading of Trust Issued
Receipts: Direxion Daily Crude Oil Bull
3x Shares and Direxion Daily Crude Oil
Bear 3x Shares (each a ‘‘Fund’’ and,
collectively, the ‘‘Funds’’).4
Each Fund is a series of the Direxion
Shares ETF Trust II (the ‘‘Trust’’), a
Delaware statutory trust.5 The Trust and
4 Commentary .02 to NYSE Arca Equities Rule
8.200 applies to Trust Issued Receipts that invest
in ‘‘Financial Instruments.’’ The term ‘‘Financial
Instruments,’’ as defined in Commentary .02(b)(4) to
NYSE Arca Equities Rule 8.200, means any
combination of investments, including cash;
securities; options on securities and indices; futures
contracts; options on futures contracts; forward
contracts; equity caps, collars, and floors; and swap
agreements.
5 The Trust is registered under the Securities Act
of 1933. On December 14, 2016, the Trust filed with
PO 00000
Frm 00050
Fmt 4703
Sfmt 4703
the Funds are managed and controlled
by Direxion Asset Management, LLC
(the ‘‘Sponsor’’). The Sponsor is
registered as a commodity pool operator
(‘‘CPO’’) with the Commodity Futures
Trading Commission (‘‘CFTC’’) and is a
member of the National Futures
Association (‘‘NFA’’).6
In its capacity as the Custodian for the
Funds, Bank of New York Mellon (the
‘‘Custodian’’) may hold the Funds’
investment assets and cash and cash
equivalents pursuant to a custodial
agreement. The Custodian is also the
transfer agent for the Shares. In
addition, in its capacity as
Administrator for the Funds, U.S.
Bancorp Fund Services, LLC (the
‘‘Administrator’’) prepares and files
certain regulatory filings on behalf of
the Funds.
Foreside Fund Services, LLC serves as
the distributor of the Shares (the
‘‘Distributor’’). The Distributor is a
broker-dealer registered with the
Commission under the Securities
Exchange Act of 1934 and a member of
the Financial Industry Regulatory
Authority (‘‘FINRA’’). The Trust offers
Shares of the Funds for sale through the
Distributor in ‘‘Creation Units’’, as
described below. The Distributor will
also assist the Sponsor and
administrator with certain functions and
duties relating to distribution and
marketing.
Direxion Daily Crude Oil Bull 3x Shares
According to the Registration
Statement, the investment objective of
the Fund is to seek, on a daily basis,
investment results that correspond
(before fees and expenses) to a multiple
three times (3x ) of the daily
performance of the Bloomberg WTI
Crude Oil SubindexSM, a subindex of
the Bloomberg Commodity IndexSM (the
the Commission a registration statement on Form
S–1 under the Securities Act of 1933 (15 U.S.C. 77a)
(‘‘Securities Act’’) relating to the Funds (File No.
333–215091) (the ‘‘Registration Statement’’). The
description of the operation of the Trust and the
Funds herein is based, in part, on the Registration
Statement.
6 The Commission has previously approved
listing of Trust Issued Receipts based on oil on the
American Stock Exchange (now known as NYSE
MKT LLC) and NYSE Arca. See, e.g., Securities
Exchange Act Release Nos. 53582 (March 31, 2006),
71 FR 17510 (April 6, 2006) (SR–Amex–2005–127)
(order approving listing and trading of shares of
United States Oil Fund, LP); 57188 (January 23,
2008), 73 FR 5607 (January 30, 2008) (SR–Amex–
2007–70) (order approving listing and trading of
shares of United States Heating Oil Fund, LP and
United States Gasoline Fund, LP); 61881 (April 9,
2010), 75 FR 20028 (April 16, 2010) (SR–
NYSEArca–2010–14) (order approving listing and
trading of shares of United States Brent Oil Fund,
LP); and 62527 (July 19, 2010), 75 FR 43606 (July
26, 2010) (order approving listing and trading of
shares of United States Commodity Index Fund).
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]]>Agencies
[Federal Register Volume 82, Number 24 (Tuesday, February 7, 2017)]
[Notices]
[Page 9608]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-02439]
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POSTAL SERVICE
International Product Change--ADP 1 Contracts
AGENCY: Postal ServiceTM.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: The Postal Service gives notice of filing a request with the
Postal Regulatory Commission to add Alternative Delivery Provider 1
product to the Competitive Products List.
DATES: Effective date: February 7, 2017.
FOR FURTHER INFORMATION CONTACT: Lauren Schuttloffel, (202) 268-4198.
SUPPLEMENTARY INFORMATION: The United States Postal Service[supreg]
hereby gives notice that, pursuant to 39 U.S.C. 3642, on January 30,
2017, it filed with the Postal Regulatory Commission a Request of the
United States Postal Service to Add Alternative Delivery Provider 1
Contracts to the Competitive Products List, and Notice of Filing (Under
Seal) of Contract and Application for Non-Public Treatment of Materials
Filed Under Seal. Documents are available at www.prc.gov, Docket Nos.
MC2017-82 and CP2017-111.
Stanley F. Mires,
Attorney, Federal Requirements.
[FR Doc. 2017-02439 Filed 2-6-17; 8:45 am]
BILLING CODE 7710-P
