Product Change-Priority Mail Express and Priority Mail Negotiated Service Agreement, 53123-53124 [2018-22773]

Download as PDF Federal Register / Vol. 83, No. 203 / Friday, October 19, 2018 / Notices This Notice will be published in the Federal Register. Stacy L. Ruble, Secretary. [FR Doc. 2018–22815 Filed 10–18–18; 8:45 am] Commission a USPS Request to Add Priority Mail Contract 470 to Competitive Product List. Documents are available at www.prc.gov, Docket Nos. MC2019–7, CP2019–6. Elizabeth Reed, Attorney, Corporate and Postal Business Law. BILLING CODE 7710–FW–P [FR Doc. 2018–22769 Filed 10–18–18; 8:45 am] POSTAL SERVICE BILLING CODE 7710–12–P Product Change—Priority Mail Negotiated Service Agreement POSTAL SERVICE AGENCY: Postal ServiceTM. ACTION: Notice. Product Change—Priority Mail Negotiated Service Agreement 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: Date of required notice: October 19, 2018. FOR FURTHER INFORMATION CONTACT: Elizabeth 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 October 15, 2018, it filed with the Postal Regulatory Commission a USPS Request to Add Priority Mail Contract 469 to Competitive Product List. Documents are available at www.prc.gov, Docket Nos. MC2019–6, CP2019–5. AGENCY: Elizabeth Reed, Attorney, Corporate and Postal Business Law. 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: Date of required notice: October 19, 2018. FOR FURTHER INFORMATION CONTACT: Elizabeth 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 October 15, 2018, it filed with the Postal Regulatory Commission a USPS Request to Add Priority Mail Contract 468 to Competitive Product List. Documents are available at www.prc.gov, Docket Nos. MC2019–5, CP2019–4. [FR Doc. 2018–22774 Filed 10–18–18; 8:45 am] [FR Doc. 2018–22772 Filed 10–18–18; 8:45 am] SUMMARY: BILLING CODE 7710–12–P Postal ACTION: Notice. amozie on DSK3GDR082PROD with NOTICES1 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: Date of required notice: October 19, 2018. FOR FURTHER INFORMATION CONTACT: Elizabeth 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 October 15, 2018, it filed with the Postal Regulatory VerDate Sep<11>2014 17:25 Oct 18, 2018 Jkt 247001 Postal ServiceTM. Notice. AGENCY: 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: Date of required notice: October 19, 2018. FOR FURTHER INFORMATION CONTACT: Elizabeth 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 October 15, 2018, it filed with the Postal Regulatory Commission a USPS Request to Add Priority Mail Contract 471 to Competitive Product List. Documents are available at www.prc.gov, Docket Nos. MC2019–8, CP2019–7. SUMMARY: [FR Doc. 2018–22771 Filed 10–18–18; 8:45 am] Product Change—Priority Mail Express and Priority Mail Negotiated Service Agreement ServiceTM. SUMMARY: Product Change—Priority Mail Negotiated Service Agreement Elizabeth Reed, Attorney, Corporate and Postal Business Law. Product Change—Priority Mail Negotiated Service Agreement AGENCY: BILLING CODE 7710–12–P POSTAL SERVICE Postal ServiceTM. ACTION: Notice. [FR Doc. 2018–22770 Filed 10–18–18; 8:45 am] POSTAL SERVICE gives notice that, pursuant to 39 U.S.C. 3642 and 3632(b)(3), on October 15, 2018, it filed with the Postal Regulatory Commission a USPS Request to Add Priority Mail Express & Priority Mail Contract 73 to Competitive Product List. Documents are available at www.prc.gov, Docket Nos. MC2019–9, CP2019–8. Elizabeth Reed, Attorney, Corporate and Postal Business Law. Elizabeth Reed, Attorney, Corporate and Postal Business Law. BILLING CODE 7710–12–P 53123 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: Date of required notice: October 19, 2018. FOR FURTHER INFORMATION CONTACT: Elizabeth Reed, 202–268–3179. SUPPLEMENTARY INFORMATION: The United States Postal Service® hereby SUMMARY: PO 00000 Frm 00097 Fmt 4703 Sfmt 4703 BILLING CODE 7710–12–P POSTAL SERVICE Product Change—Priority Mail Express and Priority Mail Negotiated Service Agreement 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: Date of required notice: October 19, 2018. SUMMARY: E:\FR\FM\19OCN1.SGM 19OCN1 53124 Federal Register / Vol. 83, No. 203 / Friday, October 19, 2018 / Notices FOR FURTHER INFORMATION CONTACT: Elizabeth 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 October 15, 2018, it filed with the Postal Regulatory Commission a USPS Request to Add Priority Mail Express & Priority Mail Contract 74 to Competitive Product List. Documents are available at www.prc.gov, Docket Nos. MC2019–10, CP2019–9. Elizabeth Reed, Attorney, Corporate and Postal Business Law. [FR Doc. 2018–22773 Filed 10–18–18; 8:45 am] BILLING CODE 7710–12–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–84425; File No. SR– NASDAQ–2018–050] Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Order Granting Approval of a Proposed Rule Change, as Modified by Amendment No. 1, Relating to the First Trust Senior Loan Fund of First Trust ExchangeTraded Fund IV October 15, 2018. amozie on DSK3GDR082PROD with NOTICES1 I. Introduction On June 27, 2018, The Nasdaq Stock Market LLC (‘‘Nasdaq’’ or ‘‘Exchange’’) 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 relating to the First Trust Senior Loan Fund (‘‘Fund’’) of First Trust Exchange-Traded Fund IV, the shares (‘‘Shares’’) of which have been approved by the Commission for listing and trading under Nasdaq Rule 5735 (‘‘Managed Fund Shares’’). The proposed rule change was published for comment in the Federal Register on July 17, 2018.3 On August 30, 2018, pursuant to Section 19(b)(2) of the Act,4 the Commission designated a longer period within which to approve the proposed rule change, disapprove the proposed rule change, or institute proceedings to determine whether to disapprove the proposed rule change.5 On October 11, 1 15 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 See Securities Exchange Act Release No. 83618 (July 11, 2018), 83 FR 33277. 4 15 U.S.C. 78s(b)(2). 5 See Securities Exchange Act Release No. 84003, 83 FR 45289 (September 6, 2018). The Commission designated October 15, 2018 as the date by which the Commission shall approve or disapprove, or 2 17 VerDate Sep<11>2014 17:25 Oct 18, 2018 Jkt 247001 2018, the Exchange filed Amendment No. 1 to the proposed rule change, which replaced and superseded the original filing in its entirety.6 The Commission has received no comments on the proposed rule change. This order grants approval of the proposed rule change, as modified by Amendment No. 1. II. Description of the Proposed Rule Change, as Modified by Amendment No. 1 7 The Commission previously approved the listing and trading of the Shares of the Fund.8 The Exchange is proposing to: (i) Amend the definition of the term ‘‘under normal market conditions;’’ (ii) permit the Fund to invest a limited amount of its net assets in Senior Loans 9 and other floating rate loans that are in default (‘‘Defaulted Loans’’); and (iii) modify the Fund’s ability to retain institute proceedings to determine whether to disapprove, the proposed rule change. 6 In Amendment No. 1, the Exchange: (i) Represented that the Adviser will not implement the proposed changes until a post-effective amendment to the Registration Statement that, to the extent necessary, reflects such changes is effective; (ii) clarified the descriptions of the Primary Index and the Secondary Index; (iii) clarified that the Fund may not meet the criteria in Nasdaq Rules 5705(b)(4)(A)(i), 5705(b)(4)(A)(iii), and 5705(b)(4)(A)(vi); (iv) clarified the description of secondary loan trading volume; (v) clarified that Received Instruments will be equity, warrants, corporate bonds, and other such equity and fixed income securities; (vi) represented that the Exchange would communicate as needed regarding trading in the Shares and the exchange-listed instruments held by the Fund with other markets and other entities that are members of the Intermarket Surveillance Group (‘‘ISG’’), and that the Exchange may obtain information regarding trading in the Shares and the exchange-listed instruments held by the Fund from markets and other entities with which it has in place a comprehensive surveillance sharing agreement; and (vii) made technical and conforming changes. Because Amendment No. 1 does not materially alter the substance of the proposed rule change or raise unique or novel regulatory issues, it is not subject to notice and comment. Amendment No. 1 is available at https://www.sec.gov/comments/srnasdaq-2018-050/srnasdaq2018050-4509572175991.pdf. 7 For more information regarding the Fund and the Shares, see Amendment No. 1, supra note 6. 8 See Securities Exchange Act Release Nos. 69072 (March 7, 2013), 78 FR 16006 (March 13, 2013) (‘‘Prior Notice’’) and 69464 (April 26, 2013), 78 FR 25774 (May 2, 2013) (SR–NASDAQ–2013–036) (‘‘Prior Order’’ and, together with the Prior Notice, the ‘‘Prior Release’’). First Trust Advisors L.P. (‘‘Adviser’’) represents that it will not implement the proposed changes until (i) the proposed rule change is operative and (ii) a post-effective amendment to the Registration Statement that, to the extent necessary, reflects such changes is effective. 9 As stated in the Prior Notice, the Adviser considers Senior Loans to be first lien senior secured floating rate bank loans. The Prior Notice included certain descriptions of Senior Loans and the Senior Loan market, and the Exchange provides updated descriptions in the current proposal. PO 00000 Frm 00098 Fmt 4703 Sfmt 4703 various instruments that, although not specifically selected by the Adviser, may be received by the Fund under certain circumstances. Except as provided in the Exchange’s current proposal, all other representations made in the Prior Notice remain unchanged. A. Definition of ‘‘Under Normal Market Conditions’’ The Prior Notice stated that the Fund, under normal market conditions, would seek to outperform the S&P/LSTA U.S. Leveraged Loan 100 Index (‘‘Primary Index’’) and the Markit iBoxx USD Liquid Leveraged Loan Index (‘‘Secondary Index’’) by investing at least 80% of its net assets (plus any borrowings for investment purposes) in Senior Loans. The Prior Notice defined ‘‘under normal market conditions’’ as follows: The term ‘‘under normal market conditions’’ as used herein includes, but is not limited to, the absence of adverse market, economic, political or other conditions, including extreme volatility or trading halts in the fixed income markets or the financial markets generally; operational issues causing dissemination of inaccurate market information; or force majeure type events such as systems failure, natural or man-made disaster, act of God, armed conflict, act of terrorism, riot or labor disruption or any similar intervening circumstance. In periods of extreme market disturbance, the Fund may take temporary defensive positions, by overweighting its portfolio in cash/cash-like instruments; however, to the extent possible, the Adviser would continue to seek to achieve the Fund’s investment objective. Specifically, the Fund would continue to invest in Senior Loans (as defined herein). In response to prolonged periods of constrained or difficult market conditions the Adviser will likely focus on investing in the largest and most liquid loans available in the market. The Exchange proposes to amend the definition of ‘‘under normal market conditions’’ as follows: The term ‘‘under normal market conditions’’ as used herein includes, but is not limited to, the absence of adverse market, economic, political or other conditions, including extreme volatility or trading halts in the fixed income markets or the financial markets generally; operational issues causing dissemination of inaccurate market information; or force majeure type events such as systems failure, natural or man-made disaster, act of God, armed conflict, act of terrorism, riot or labor disruption or any similar intervening circumstance. The Fund may adopt a defensive strategy (and depart from its principal investment strategies) when the Adviser believes securities in which the Fund normally invests have elevated risks due to political or economic factors and in other extraordinary circumstances. In addition, on a temporary basis, including for defensive purposes, E:\FR\FM\19OCN1.SGM 19OCN1

Agencies

[Federal Register Volume 83, Number 203 (Friday, October 19, 2018)]
[Notices]
[Pages 53123-53124]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-22773]


-----------------------------------------------------------------------

POSTAL SERVICE


Product Change--Priority Mail Express and 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: Date of required notice: October 19, 2018.

[[Page 53124]]


FOR FURTHER INFORMATION CONTACT: Elizabeth 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 
October 15, 2018, it filed with the Postal Regulatory Commission a USPS 
Request to Add Priority Mail Express & Priority Mail Contract 74 to 
Competitive Product List. Documents are available at www.prc.gov, 
Docket Nos. MC2019-10, CP2019-9.

Elizabeth Reed,
Attorney, Corporate and Postal Business Law.
[FR Doc. 2018-22773 Filed 10-18-18; 8:45 am]
 BILLING CODE 7710-12-P
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.