Product Change-Priority Mail Express, Priority Mail, & First-Class Package Service Negotiated Service Agreement, 16053 [2019-07594]
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Federal Register / Vol. 84, No. 74 / Wednesday, April 17, 2019 / Notices
www.prc.gov, Docket Nos. MC2019–120,
CP2019–129.
Elizabeth Reed,
Attorney, Corporate and Postal Business Law.
[FR Doc. 2019–07639 Filed 4–16–19; 8:45 am]
BILLING CODE 7710–12–P
POSTAL SERVICE
Product Change—Priority Mail
Express, Priority Mail, & First-Class
Package Service Negotiated Service
Agreement
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
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: April 17,
2019.
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 April 11, 2019,
it filed with the Postal Regulatory
Commission a USPS Request to Add
Priority Mail Express, Priority Mail, &
First-Class Package Service Contract 58
to Competitive Product List. Documents
are available at www.prc.gov, Docket
Nos. MC2019–119, CP2019–128.
SUMMARY:
Elizabeth Reed,
Attorney, Corporate and Postal Business Law.
[FR Doc. 2019–07594 Filed 4–16–19; 8:45 am]
SECURITIES AND EXCHANGE
COMMISSION
amozie on DSK9F9SC42PROD with NOTICES
Self-Regulatory Organizations; NYSE
Arca, Inc.; Notice of Filing and
Immediate Effectiveness of Proposed
Rule Change To Extend the Pilot for
Certain Options Market Rules That Are
Linked to the Equity Market Plan To
Address Extraordinary Market
Volatility
April 11, 2019.
Pursuant to Section 19(b)(1) 1 of the
Securities Exchange Act of 1934
(‘‘Act’’) 2 and Rule 19b–4 thereunder,3
U.S.C. 78s(b)(1).
U.S.C. 78a.
3 17 CFR 240.19b–4.
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18:23 Apr 16, 2019
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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
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.
1. Purpose
[Release No. 34–85610; File No. SR–
NYSEARCA–2019–22]
2 15
The Exchange proposes to extend the
pilot to the close of business on October
18, 2019, for certain options market
rules that are linked to the equity
market Plan to Address Extraordinary
Market Volatility. The proposed rule
change is available on the Exchange’s
website at www.nyse.com, at the
principal office of the Exchange, and at
the Commission’s Public Reference
Room.
A. Self-Regulatory Organization’s
Statement of the Purpose of, and the
Statutory Basis for, the Proposed Rule
Change
BILLING CODE 7710–12–P
1 15
notice is hereby given that, on April 5,
2019, NYSE Arca, Inc. (‘‘NYSE Arca’’ or
‘‘Exchange’’) filed with the Securities
and Exchange Commission
(‘‘Commission’’) the 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.
The purpose of the proposed rule
change is to extend the pilot to the close
of business on October 18, 2019, for
certain options market rules that are
linked to the equity market Plan to
Address Extraordinary Market Volatility
(the ‘‘Limit Up-Limit Down Plan’’ or the
‘‘Plan’’). This change is being proposed
in connection with a proposed
amendment to the Limit Up-Limit Down
Plan that would allow the Plan to
continue to operate on a permanent
basis (‘‘Amendment 18’’).
In an attempt to address extraordinary
market volatility in NMS Stock, and, in
particular, events like the severe
volatility on May 6, 2010, U.S. national
securities exchanges and the Financial
Industry Regulatory Authority, Inc.
PO 00000
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16053
(collectively, ‘‘Participants’’) drafted the
Plan pursuant to Rule 608 of Regulation
NMS and under the Act.4 On May 31,
2012, the Commission approved the
Plan, as amended, on a one-year pilot
basis.5 Though the Plan was primarily
designed for equity markets, the
Exchange believed it would, indirectly,
potentially impact the options markets
as well. Thus, the Exchange has
previously amended and adopted Rule
6.65A–O and Interpretation and Policy
.03 to Rule 6.87–O to ensure the option
markets were not harmed as a result of
the Plan’s implementation and has
implemented such rules on a pilot basis
that has coincided with the pilot period
for the Plan (the ‘‘Options Pilots’’).6
The Commission recently published
an Amendment 18, which would allow
the Plan to operate on a permanent,
rather than pilot, basis.7 In connection
with this change, the Exchange proposes
to amend the Options Pilots to expire at
the close of business on October 18,
2019—i.e., six months after the
expiration of the current pilot period for
the Plan. Specifically, the Exchange
proposes to amend Rule 6.65A–O and
Interpretation and Policy .03 to Rule
6.87–O to untie the Options Pilot’s
effectiveness from that of the Plan and
to extend the Options Pilot’s
effectiveness to the close of business on
October 18, 2019. The Exchange
understands that the other national
securities exchanges will also file
similar proposals to extend their
respective pilot programs, the substance
of which are identical to the proposal.
The Exchange does not propose any
additional changes to Rule 6.65A–O and
Interpretation and Policy .03 to Rule
6.87–O. The Exchange believes the
benefits to market participants from the
Options Pilots should continue on a
limited six month pilot basis after
Commission approves the Plan to
operate on a permanent basis. Assuming
the Plan is approved by the Commission
to operate on a permanent, rather than
pilot, basis the Exchange intends to
assess whether additional changes
should also be made to the Options
4 See Securities Exchange Act Release No. 64547
(May 25, 2011), 76 FR 31647 (June 1, 2011) (File
No. 4–631).
5 See Securities and Exchange Act Release No.
67091 (May 31, 2012) 77 FR 33498 (June 6, 2012).
6 See Securities Exchange Act Release Nos. 69340
(April 8, 2013), 78 FR 22004 (April 12, 2013) (SR–
NYSEArca–2013–10) (amending certain options
rules to coincide with the pilot period for the Plan,
including Rule 6.65 and Rule 6.65A); and 76246
(October 23, 2015), 80 FR 66603 (October 29, 2015)
(SR–NYSEArca–2015–101) (amending Rules 6.65A
and 6.87 to coincide with the pilot period for the
Plan).
7 See Securities Exchange Act Release Nos. 84843
(December 18, 2018), 83 FR 66464 (December 26,
2018) (Amendment No. 18 Proposing Release).
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]]>Agencies
[Federal Register Volume 84, Number 74 (Wednesday, April 17, 2019)]
[Notices]
[Page 16053]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-07594]
-----------------------------------------------------------------------
POSTAL SERVICE
Product Change--Priority Mail Express, Priority Mail, & First-
Class Package Service 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: April 17, 2019.
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
April 11, 2019, it filed with the Postal Regulatory Commission a USPS
Request to Add Priority Mail Express, Priority Mail, & First-Class
Package Service Contract 58 to Competitive Product List. Documents are
available at www.prc.gov, Docket Nos. MC2019-119, CP2019-128.
Elizabeth Reed,
Attorney, Corporate and Postal Business Law.
[FR Doc. 2019-07594 Filed 4-16-19; 8:45 am]
BILLING CODE 7710-12-P
