Submission for OMB Review; Comment Request, 55600-55601 [2019-22580]

Download as PDF 55600 Federal Register / Vol. 84, No. 201 / Thursday, October 17, 2019 / Notices proposed classification changes to the Mail Classification Schedule (MCS).1 The intended effective date is January 26, 2020. Notice at 1. The Notice, which was filed pursuant to 39 U.S.C. 3622 and 39 CFR part 3010, triggers a noticeand-comment proceeding.2 Contents of filing. The Postal Service’s filing consists of the Notice, which the Postal Service represents addresses the data and information required under 39 CFR 3010.12; four attachments (Attachments A–D) to the Notice; and seven sets of workpapers filed as library references. Attachment A presents the proposed price and related product description changes to the MCS. Notice, Attachment A. Attachments B and C address workshare discounts and the price cap calculation, respectively. Id. Attachments B and C. Attachment D presents the promotions schedule. Id. Attachment D. Several library references present supporting financial documentation for the five classes of mail. Notice at 4–5 nn.9–11. The Postal Service filed one library reference pertaining to the two international mail products within FirstClass Mail (Outbound Single-Piece First-Class Mail International and Inbound Letter Post) under seal and applied for non-public treatment of those materials.3 Planned price adjustments. The Postal Service’s planned percentage changes by class are, on average, as follows: identifies the impact on the MCS in Attachment A. Id. at 37–39; id. Attachment A. Calendar year 2020 promotions. The Postal Service seeks approval for the following six promotions for the indicated periods: Tactile, Sensory and Interactive Mailpiece Engagement Promotion (February 1–July 31, 2020); • Emerging and Advanced Technology Promotion (March 1– August 31, 2020); • Earned Value Reply Mail Promotion (April 1–June 30, 2020); • Personalized Color Transpromo Promotion (July 1–December 31, 2020); • Mobile Shopping Promotion (August 1–December 31, 2020); and • Informed Delivery Promotion (September 1–November 30, 2020). Id. Attachment D. II. Initial Administrative Actions Pursuant to 39 CFR 3010.11(a), the Commission establishes Docket No. R2020–1 to consider the planned price adjustments for market dominant postal products and services, as well as the related classification changes, identified in the Notice. The Commission invites comments from interested persons on whether the Postal Service’s filing is consistent with the applicable statutory and regulatory requirements, including 39 U.S.C. 3622 and 39 CFR part 3010. The Commission further notes that any issues specifically related to Docket No. R2019–1 First-Class Mail rates and the Planned price Carlson decision will be addressed in a separate order in Docket No. R2019–1 Market dominant class adjustment (%) and will not be adjudicated as part of the instant proceeding. Comments are First-Class Mail ..................... 1.919 due no later than October 29, 2019.4 USPS Marketing Mail ........... 1.891 The public portions of the Postal Periodicals ............................ 1.900 Service’s filing are available for review Package Services ................. 1.892 Special Services ................... 1.905 on the Commission’s website (https:// www.prc.gov). Comments and other material filed in this proceeding will be Id. at 4. Price adjustments for products within available for review on the Commission’s website, unless the classes vary from the average. See, e.g., information contained therein is subject id. at 7, 22 (Table 5 showing range for to an application for non-public First-Class Mail products and Table 7 showing range for USPS Marketing Mail treatment. The Commission’s rules on non-public materials (including access products). Most of the planned to documents filed under seal) appear in adjustments entail increases to market 39 CFR part 3007. dominant rates and fees; however, in a few instances, the Postal Service 4 The Commission is mindful of the Comments on proposes either no adjustment or a Procedure of the National Postal Policy Council, the decrease. See id. at 7. Greeting Card Association, and the Major Mailers Proposed classification changes. The Association, October 10, 2019 and the United States Postal Service Response to Procedural Schedule Postal Service proposes numerous Comments, October 10, 2019. The Commission classification changes in its Notice and 1 United States Postal Service Notice of MarketDominant Price Change, October 9, 2019 (Notice). 2 This is a Type 1–B proceeding. See 39 CFR part 3010, subparts A–C for additional information. 3 See USPS Notice of Filing USPS–LR–R2020–1/ NP1, October 9, 2019, Attachment 1. VerDate Sep<11>2014 17:26 Oct 16, 2019 Jkt 250001 continues to use the 20-day comment period as set forth in 39 CFR 3010.11(a)(5); however, the Commission notes that in order to sufficiently address the issues identified in the Carlson decision, its determination may exceed the 14-day deadline set forth in 39 CFR 3010.11(d). See Carlson v. Postal Regulatory Commission, No. 18–1328, slip op. (D.C. Cir. Sept. 13, 2019). PO 00000 Frm 00061 Fmt 4703 Sfmt 4703 Pursuant to 39 U.S.C. 505, the Commission appoints Anne C. O’Connor to represent the interests of the general public (Public Representative) in this proceeding. III. Ordering Paragraphs It is ordered: 1. The Commission establishes Docket No. R2020–1 to consider the planned price adjustments for market dominant postal products and services, as well as the related classification changes, identified in the Postal Service’s October 9, 2019 Notice. 2. Comments on the planned price adjustments and related classification changes are due no later than October 29, 2019. 3. Pursuant to 39 U.S.C. 505, Anne C. O’Connor is appointed to serve as an officer of the Commission (Public Representative) to represent the interests of the general public in this proceeding. 4. The Commission directs the Secretary of the Commission to arrange for prompt publication of this notice in the Federal Register. By the Commission. Darcie S. Tokioka, Acting Secretary. [FR Doc. 2019–22651 Filed 10–16–19; 8:45 am] BILLING CODE 7710–FW–P SECURITIES AND EXCHANGE COMMISSION [SEC File No. 270–601, OMB Control No. 3235–0673] Submission for OMB Review; Comment Request Upon Written Request, Copies Available From: Securities and Exchange Commission, Office of FOIA Services, 100 F Street NE, Washington, DC 20549–2736. Extension: Rule 15c3–5. Notice is hereby given that, pursuant to the Paperwork Reduction Act of 1995 (‘‘PRA’’) (44 U.S.C. 3501 et seq.) (‘‘PRA’’), the Securities and Exchange Commission (‘‘Commission’’) has submitted to the Office of Management and Budget (‘‘OMB’’) a request for approval of extension of the previously approved collection of information provided for in Rule 15c3–5 (17 CFR 240.15c3–5) under the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) (‘‘Exchange Act’’). Rule 15c3–5 under the Exchange Act requires brokers or dealers with access to trading directly on an exchange or alternative trading system (‘‘ATS’’), E:\FR\FM\17OCN1.SGM 17OCN1 Federal Register / Vol. 84, No. 201 / Thursday, October 17, 2019 / Notices including those providing sponsored or direct market access to customers or other persons, to implement risk management controls and supervisory procedures reasonably designed to manage the financial, regulatory, and other risks of this business activity. The rule requires brokers or dealers to establish, document, and maintain certain risk management controls and supervisory procedures as well as regularly review such controls and procedures, and document the review, and remediate issues discovered to assure overall effectiveness of such controls and procedures. Each such broker or dealer is required to preserve a copy of its supervisory procedures and a written description of its risk management controls as part of its books and records in a manner consistent with Rule 17a–4(e)(7) under the Exchange Act. Such regular review is required to be conducted in accordance with written procedures and is required to be documented. The broker or dealer is required to preserve a copy of such written procedures, and documentation of each such review, as part of its books and records in a manner consistent with Rule 17a–4(e)(7) under the Exchange Act, and Rule 17a–4(b) under the Exchange Act, respectively. In addition, the Chief Executive Officer (or equivalent officer) is required to certify annually that the broker or dealer’s risk management controls and supervisory procedures comply with the rule, and that the broker-dealer conducted such review. Such certifications are required to be preserved by the broker or dealer as part of its books and records in a manner consistent with Rule 17a–4(b) under the Exchange Act. Compliance with Rule 15c3–5 is mandatory. Respondents consist of broker-dealers with access to trading directly on an exchange or ATS. The Commission estimates that there are currently 570 respondents. To comply with Rule 15c3–5, these respondents will spend a total of approximately 91,200 hours per year (160 hours per broker-dealer × 570 broker-dealers = 91,200 hours). At an average internal cost per burden hour of approximately $358.51, the resultant total related internal cost of compliance for these respondents is $32,696,340 per year (91,200 burden hours multiplied by approximately $358.51/hour). In addition, for hardware and software expenses, the Commission estimates that the average annual external cost would be approximately $20,500 per broker-dealer, or $11,685,000 in the aggregate ($20,500 per broker-dealer × 570 brokers and dealers = $11,685,000). VerDate Sep<11>2014 17:26 Oct 16, 2019 Jkt 250001 An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information under the PRA unless it displays a currently valid OMB control number. The public may view background documentation for this information collection at the following website: www.reginfo.gov. Comments should be directed to: (i) Desk Officer for the Securities and Exchange Commission, Office of Information and Regulatory Affairs, Office of Management and Budget, Room 10102, New Executive Office Building, Washington, DC 20503, or by sending an email to: Lindsay.M.Abate@omb.eop.gov; and (ii) Charles Riddle, Acting Director/Chief Information Officer, Securities and Exchange Commission, c/o Candace Kenner, 100 F Street NE, Washington, DC 20549, or by sending an email to: PRA_Mailbox@sec.gov. Comments must be submitted to OMB within 30 days of this notice. Dated: October 10, 2019. Jill M. Peterson, Assistant Secretary. [FR Doc. 2019–22580 Filed 10–16–19; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–87279; File No. SR– PEARL–2019–28] Self-Regulatory Organizations; MIAX PEARL, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Exchange Rule 519, MIAX PEARL Order Monitor October 10, 2019. Pursuant to the provisions of 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 October 3, 2019, MIAX PEARL, LLC (‘‘MIAX PEARL’’ or the ‘‘Exchange’’) filed with the Securities and Exchange Commission (‘‘Commission’’) a proposed rule change as described in Items I and II 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 is filing a proposal to amend Exchange Rule 519, MIAX PEARL Order Monitor (‘‘MOM’’). U.S.C. 78s(b)(1). 2 17 CFR 240.19b–4. Frm 00062 Fmt 4703 The text of the proposed rule change is available on the Exchange’s website at https://www.miaxoptions.com/rulefilings/pearl at MIAX PEARL’s principal office, and at the Commission’s Public Reference Room. 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 1. Purpose The Exchange proposes to amend Exchange Rule 519, MIAX PEARL Order Monitor (‘‘MOM’’) to remove a term in the Exchange’s rule which creates an ambiguity concerning the application of the rule. Specifically, subsection (4) of paragraph (a), Limit Orders to Sell, provides that ‘‘[f]or options with a National Best Bid (‘‘NBB’’) equal to or greater than $0.25 the System 3 will reject an incoming limit order that has a limit price equal to or less than the NBB by the lesser of (i) $2.50, or (ii) 50% of the NBB price.’’ The second provision of the rule provides that, ‘‘[f]or options with an NBB of $0.25 or less the System will accept any incoming limit order.’’ The statements an NBB ‘‘equal to or greater than $0.25’’ and ‘‘an NBB of $0.25 or less’’ both contemplate the NBB being equal to $0.25. The operation of the rule requires a bifurcation at $0.25 and only one action (accepting or rejecting an incoming order) can occur when the NBB is equal to $0.25. The desired behavior by the Exchange, for limit orders to sell, is to accept an order at any price when the NBB is equal to $0.25 or less. Therefore the Exchange proposes to remove the phrase ‘‘equal to or’’ from the first sentence in the rule. The new proposed rule text will provide that, ‘‘[f]or options with a National Best Bid (‘‘NBB’’) greater than $0.25 the System will reject an 3 The term ‘‘System’’ means the automated trading system used by the Exchange for the trading of securities. See Exchange Rule 100. 1 15 PO 00000 55601 Sfmt 4703 E:\FR\FM\17OCN1.SGM 17OCN1

Agencies

SECURITIES AND EXCHANGE COMMISSION

[Federal Register Volume 84, Number 201 (Thursday, October 17, 2019)]
[Notices]
[Pages 55600-55601]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-22580]


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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-601, OMB Control No. 3235-0673]


Submission for OMB Review; Comment Request

Upon Written Request, Copies Available From: Securities and Exchange 
Commission, Office of FOIA Services, 100 F Street NE, Washington, DC 
20549-2736.

Extension: Rule 15c3-5.

    Notice is hereby given that, pursuant to the Paperwork Reduction 
Act of 1995 (``PRA'') (44 U.S.C. 3501 et seq.) (``PRA''), the 
Securities and Exchange Commission (``Commission'') has submitted to 
the Office of Management and Budget (``OMB'') a request for approval of 
extension of the previously approved collection of information provided 
for in Rule 15c3-5 (17 CFR 240.15c3-5) under the Securities Exchange 
Act of 1934 (15 U.S.C. 78a et seq.) (``Exchange Act'').
    Rule 15c3-5 under the Exchange Act requires brokers or dealers with 
access to trading directly on an exchange or alternative trading system 
(``ATS''),

[[Page 55601]]

including those providing sponsored or direct market access to 
customers or other persons, to implement risk management controls and 
supervisory procedures reasonably designed to manage the financial, 
regulatory, and other risks of this business activity.
    The rule requires brokers or dealers to establish, document, and 
maintain certain risk management controls and supervisory procedures as 
well as regularly review such controls and procedures, and document the 
review, and remediate issues discovered to assure overall effectiveness 
of such controls and procedures. Each such broker or dealer is required 
to preserve a copy of its supervisory procedures and a written 
description of its risk management controls as part of its books and 
records in a manner consistent with Rule 17a-4(e)(7) under the Exchange 
Act. Such regular review is required to be conducted in accordance with 
written procedures and is required to be documented. The broker or 
dealer is required to preserve a copy of such written procedures, and 
documentation of each such review, as part of its books and records in 
a manner consistent with Rule 17a-4(e)(7) under the Exchange Act, and 
Rule 17a-4(b) under the Exchange Act, respectively.
    In addition, the Chief Executive Officer (or equivalent officer) is 
required to certify annually that the broker or dealer's risk 
management controls and supervisory procedures comply with the rule, 
and that the broker-dealer conducted such review. Such certifications 
are required to be preserved by the broker or dealer as part of its 
books and records in a manner consistent with Rule 17a-4(b) under the 
Exchange Act. Compliance with Rule 15c3-5 is mandatory.
    Respondents consist of broker-dealers with access to trading 
directly on an exchange or ATS. The Commission estimates that there are 
currently 570 respondents. To comply with Rule 15c3-5, these 
respondents will spend a total of approximately 91,200 hours per year 
(160 hours per broker-dealer x 570 broker-dealers = 91,200 hours). At 
an average internal cost per burden hour of approximately $358.51, the 
resultant total related internal cost of compliance for these 
respondents is $32,696,340 per year (91,200 burden hours multiplied by 
approximately $358.51/hour). In addition, for hardware and software 
expenses, the Commission estimates that the average annual external 
cost would be approximately $20,500 per broker-dealer, or $11,685,000 
in the aggregate ($20,500 per broker-dealer x 570 brokers and dealers = 
$11,685,000).
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information under the PRA unless it 
displays a currently valid OMB control number.
    The public may view background documentation for this information 
collection at the following website: www.reginfo.gov. Comments should 
be directed to: (i) Desk Officer for the Securities and Exchange 
Commission, Office of Information and Regulatory Affairs, Office of 
Management and Budget, Room 10102, New Executive Office Building, 
Washington, DC 20503, or by sending an email to: 
[email protected]; and (ii) Charles Riddle, Acting Director/
Chief Information Officer, Securities and Exchange Commission, c/o 
Candace Kenner, 100 F Street NE, Washington, DC 20549, or by sending an 
email to: [email protected]. Comments must be submitted to OMB within 
30 days of this notice.

    Dated: October 10, 2019.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2019-22580 Filed 10-16-19; 8:45 am]
 BILLING CODE 8011-01-P

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