Product Change-Priority Mail Express and Priority Mail Negotiated Service Agreement, 53123-53124 [2018-22773]
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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
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17:25 Oct 18, 2018
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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.
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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