International Product Change-Global Plus 6, 67732 [2018-28352]
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Federal Register / Vol. 83, No. 249 / Monday, December 31, 2018 / Notices
POSTAL SERVICE
International Product Change—Global
Plus 6
Postal ServiceTM.
ACTION: Notice.
AGENCY:
The Postal Service gives
notice of filing a request with the Postal
Regulatory Commission to add the
Global Plus 6 product to the
Competitive Products List.
DATES: Date of notice: December 31,
2018.
FOR FURTHER INFORMATION CONTACT: Kyle
R. Coppin, 202–268–2368.
SUPPLEMENTARY INFORMATION: The
United States Postal Service® hereby
gives notice that, pursuant to 39 U.S.C.
3642, on December 21, 2018, it filed
with the Postal Regulatory Commission
a Request of the United States Postal
Service to add Global Plus 6 to the
Competitive Products List. Documents
are available at www.prc.gov, Docket
Nos. MC2019–65 and CP2019–70.
SUMMARY:
Christopher C. Meyerson,
Attorney, Corporate and Postal Business Law.
[FR Doc. 2018–28352 Filed 12–28–18; 8:45 am]
BILLING CODE 7710–12–P
[Release No. 34–84937; File No. SR–ISE–
2018–99]
Self-Regulatory Organizations; Nasdaq
ISE, LLC; Notice of Filing and
Immediate Effectiveness of Proposed
Rule Change To Amend General 8
December 21, 2018.
khammond on DSK30JT082PROD with NOTICES
Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934
(‘‘Act’’),1 and Rule 19b–4 thereunder,2
notice is hereby given that on December
19, 2018, Nasdaq ISE, LLC (‘‘ISE’’ or
‘‘Exchange’’) 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 Exchange. 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 delete the
Exchange’s existing rules on colocation,
connectivity, and direct connectivity
2 17
U.S.C. 78s(b)(1).
CFR 240.19b–4.
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16:24 Dec 28, 2018
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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
Exchange 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 these
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 aspects of such
statements.
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
SECURITIES AND EXCHANGE
COMMISSION
1 15
(the ‘‘Existing Connectivity Rules’’),
under General 8, and incorporate by
reference into General 8 The Nasdaq
Stock Market LLC’s (‘‘Nasdaq’s’’) rules
on colocation, connectivity, and direct
connectivity, which are located in
General 8 of the Nasdaq rulebook shell
structure.3
The text of the proposed rule change
is available on the Exchange’s website at
https://ise.cchwallstreet.com/, at the
principal office of the Exchange, and at
the Commission’s Public Reference
Room.
1. Purpose
The Exchange proposes to delete its
Existing Connectivity Rules, currently
under General 8, and incorporate by
reference the corresponding Nasdaq
rules, at General 8 of Nasdaq’s rulebook.
The Exchange proposes to remove the
current rule text from General 8 and
replace it with the following text:
General 8 Connectivity
The rules contained in The Nasdaq Stock
Market LLC General 8, as such rules may be
in effect from time to time (the ‘‘General 8
Rules’’), are hereby incorporated by reference
into this Nasdaq ISE General 8, and are thus
Nasdaq ISE Rules and thereby applicable to
Nasdaq ISE Members. Nasdaq ISE Members
shall comply with the General 8 Rules as
though such rules were fully set forth herein.
All defined terms, including any variations
thereof, contained in the General 8 Rules
shall be read to refer to the Nasdaq ISE
related meaning of such term. Solely by way
of example, and not in limitation or in
exhaustion: The defined term ‘‘Exchange’’ in
the General 8 Rules shall be read to refer to
3 Recently, the six exchanges affiliated with
Nasdaq, Inc. (The Nasdaq Stock Market LLC,
Nasdaq BX, Inc., Nasdaq PHLX LLC, Nasdaq ISE,
LLC, Nasdaq GEMX, LLC, and Nasdaq MRX, LLC
(collectively, the ‘‘Affiliated Exchanges’’)) added
shell structures to their respective rulebooks with
the purpose of improving efficiency and readability
and to align their respective rules.
PO 00000
Frm 00021
Fmt 4703
Sfmt 4703
the Nasdaq ISE Exchange; the defined term
‘‘Rule’’ in the General 8 Rules shall be read
to refer to the Nasdaq ISE Rule.4
Over the past year, the Affiliated
Exchanges each took steps to harmonize
their respective rules on colocation,
connectivity, and direct connectivity,
first by relocating them to General 8 of
their respective rulebooks, and then by
eliminating substantive differences
among the rules. The Affiliated
Exchanges harmonized these rules
because the Affiliated Exchanges offer
colocation, connectivity, and direct
connectivity services and related
products to their customers on a shared
basis with one another,5 and to do so,
the rules and fees governing such shared
products and services should be the
same for all of the Affiliated Exchanges.
Because the text of the Exchange’s
General 8 is already substantively
identical 6 to Nasdaq’s General 8, the
proposal will not effect any substantive
changes to the Exchange’s General 8.
Instead, the proposal will merely adopt
language indicating that the Exchange is
incorporating by reference Nasdaq’s
General 8 and it will make conforming
cross-reference changes.
This proposal is the penultimate step
in the harmonization process. The
Exchange plans to file with the
Commission a request to exempt it from
Section 19(b) of the Act with respect to
General 8, as amended herein, so that
the Exchange will not need to file a
proposed rule change whenever Nasdaq
amends its General 8 rules. The
Exchange proposes that this rule change
become operative at such time as it
receives approval for this exemption
from the Commission, pursuant to its
4 The Exchange shall include a hyperlink to
Nasdaq’s General 8 for ease of reference.
5 The offering of products and services on a
shared basis means that a customer purchases
colocation, connectivity, and direct connectivity
products and services once to gain access to any or
all of the Affiliated Exchanges to which the
customer is otherwise entitled to receive access
under the respective rules of the Affiliated
Exchanges. In other words, the Affiliated Exchanges
only charge customers once for these shared
products and services, even to the extent that a
customer uses the products and services to connect
to more than one of the Affiliated Exchanges.
Likewise, the rules provide for connectivity to
third-party services and market data feeds on a
shared basis, meaning that a firm need only
purchase a subscription to these services once,
regardless of whether the firm is a member or
member organization, as applicable, of multiple
Affiliated Exchanges.
6 A small number of minor differences exist
among the Section 8s of the Affiliated Exchanges.
However, these differences, such as the use of the
word ‘‘the’’ before the phrase ‘‘Nasdaq Data Center’’
in one version of the Rulebook and not in the
others, are technical and do result in substantive
variations in the meanings of the Rulebooks.
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]]>Agencies
[Federal Register Volume 83, Number 249 (Monday, December 31, 2018)]
[Notices]
[Page 67732]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-28352]
[[Page 67732]]
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POSTAL SERVICE
International Product Change--Global Plus 6
AGENCY: Postal ServiceTM.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: The Postal Service gives notice of filing a request with the
Postal Regulatory Commission to add the Global Plus 6 product to the
Competitive Products List.
DATES: Date of notice: December 31, 2018.
FOR FURTHER INFORMATION CONTACT: Kyle R. Coppin, 202-268-2368.
SUPPLEMENTARY INFORMATION: The United States Postal Service[supreg]
hereby gives notice that, pursuant to 39 U.S.C. 3642, on December 21,
2018, it filed with the Postal Regulatory Commission a Request of the
United States Postal Service to add Global Plus 6 to the Competitive
Products List. Documents are available at www.prc.gov, Docket Nos.
MC2019-65 and CP2019-70.
Christopher C. Meyerson,
Attorney, Corporate and Postal Business Law.
[FR Doc. 2018-28352 Filed 12-28-18; 8:45 am]
BILLING CODE 7710-12-P
