Competitive Postal Products, 59662-59663 [2019-24091]
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Federal Register / Vol. 84, No. 214 / Tuesday, November 5, 2019 / Notices
U.S.C. 3642, 39 CFR part 3010, and 39
CFR part 3020, subpart B. For request(s)
that the Postal Service states concern
competitive product(s), applicable
statutory and regulatory requirements
include 39 U.S.C. 3632, 39 U.S.C. 3633,
39 U.S.C. 3642, 39 CFR part 3015, and
39 CFR part 3020, subpart B. Comment
deadline(s) for each request appear in
section II.
II. Docketed Proceeding(s)
1. Docket No(s).: CP2019–111; Filing
Title: USPS Notice of Amendment to
Parcel Select & Parcel Return Service
Contract 9, Filed Under Seal; Filing
Acceptance Date: October 29, 2019;
Filing Authority: 39 CFR 3015.5; Public
Representative: Curtis E. Kidd;
Comments Due: November 7, 2019.
2. Docket No(s).: MC2020–17 and
CP2020–16; Filing Title: USPS Request
to Add Priority Mail Express & Priority
Mail Contract 102 to Competitive
Product List and Notice of Filing
Materials Under Seal; Filing Acceptance
Date: October 29, 2019; Filing Authority:
39 U.S.C. 3642, 39 CFR 3020.30 et seq.,
and 39 CFR 3015.5; Public
Representative: Curtis E. Kidd;
Comments Due: November 7, 2019.
3. Docket No(s).: MC2020–18 and
CP2020–17; Filing Title: USPS Request
to Add Priority Mail Contract 557 to
Competitive Product List and Notice of
Filing Materials Under Seal; Filing
Acceptance Date: October 29, 2019;
Filing Authority: 39 U.S.C. 3642, 39 CFR
3020.30 et seq., and 39 CFR 3015.5;
Public Representative: Curtis E. Kidd;
Comments Due: November 7, 2019.
This Notice will be published in the
Federal Register.
Darcie S. Tokioka,
Acting Secretary.
[FR Doc. 2019–24096 Filed 11–4–19; 8:45 am]
BILLING CODE 7710–FW–P
POSTAL REGULATORY COMMISSION
[Docket No. CP2019–155; Order No. 5288]
Competitive Postal Products
Postal Regulatory Commission.
Notice.
AGENCY:
ACTION:
The Commission is
acknowledging a recent filing by the
Postal Service of its intention to change
prices not of general applicability to
reflect a range of prices to take effect on
a date determined by the Postal Service
Governors. This notice informs the
public of the filing, invites public
comment, and takes other
administrative steps.
khammond on DSKJM1Z7X2PROD with NOTICES
SUMMARY:
VerDate Sep<11>2014
16:34 Nov 04, 2019
Jkt 250001
DATES:
Comments are due: November 6,
2019.
Submit comments
electronically via the Commission’s
Filing Online system at https://
www.prc.gov. Those who cannot submit
comments electronically should contact
the person identified in the FOR FURTHER
INFORMATION CONTACT section by
telephone for advice on filing
alternatives.
FOR FURTHER INFORMATION CONTACT:
David A. Trissell, General Counsel, at
202–789–6820.
SUPPLEMENTARY INFORMATION:
ADDRESSES:
Table of Contents
I. Introduction
II. Background
III. Proposed Rates
IV. Initial Administrative Actions
V. Ordering Paragraphs
I. Introduction
On October 29, 2019, the Postal
Service filed a notice of specific peritem and per-kilogram self-declared
prices for Inbound Letter Post Small
Packets and Bulky Letters (E format) as
well as a notice of price adjustment for
certain Inbound Letter Post Small
Packets and Bulky Letters pieces and
associated Inbound Competitive
International Registered Mail Service.1
The Postal Service intends for the prices
to take effect on July 1, 2020. Notice at
1. The Postal Service’s Notice requests
prompt review and approval of new
prices for Inbound Letter Post Small
Packets and Bulky Letters to facilitate its
efforts to commence bilateral
negotiations with foreign postal
operators. Id. at 8.
II. Background
In Order No. 5152, the Commission
approved a range of self-declared prices
for Inbound Letter Post Small Packets
and Bulky Letters from Universal Postal
Union (UPU) group I, II, and III
countries and from group IV countries
with mail flows that exceed a certain
annual tonnage threshold.2 The
Commission also approved the
application of default terminal dues
established in the Universal Postal
1 Notice of the United States Postal Service of
Effective Date and Specific Rates Not of General
Applicability for Inbound E-Format Letter Post, and
Application for Non-Public Treatment, October 29,
2019 (Notice).
2 Order Approving Range of Rates for Inbound
Letter Post Small Packets and Bulky Letters and
Associated International Registered Mail Service,
July 12, 2019, at 5, 18 (Order No. 5152). The Postal
Service applied an annual tonnage threshold of 100
tonnes. See Responses of the United States Postal
Service to Questions 1–10 of Chairman’s
Information Request No. 1, question 3.a, June 7,
2019.
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Convention to mail flows from group IV
countries that do not exceed the annual
tonnage threshold. Order No. 5152 at 5,
18. When approving the range of selfdeclared rates, the Commission directed
the Postal Service to provide notice of
specific per-item and per-kilogram
prices at least 15 days before the
effective date of those prices. Id. at 19.
In September 2019, members of the
UPU held a Third Extraordinary
Congress and adopted proposals to
reform the current terminal dues system
for Inbound Letter Post small packets
and bulky letters.3 Specifically, the
Third Extraordinary Congress adopted
proposals that will allow the Postal
Service to charge self-declared prices for
Inbound Letter Post small packets and
bulky letters beginning July 1, 2020.
Notice at 4. The Postal Service must
provide notice of these self-declared
prices to the UPU International Bureau
by March 1, 2020. Id.
III. Proposed Rates
The Postal Service’s Notice includes
an application for non-public treatment
of materials filed under seal
(Attachment 1), redacted specific peritem and per-kilogram self-declared
prices for Inbound Letter Post Small
Packets and Bulky Letters (Attachment
2), a redacted copy of Governors’
Decision No. 19–5 (Attachment 3), and
a certification pursuant to 39 CFR
3015.5(c)(2) (Attachment 4). Id.
Attachments 1–4. In addition, the Postal
Service filed the proposed rates and
underlying workpapers under seal in
this docket. See Notice at 3. The Postal
Service states that the specific per-item
and per-kilogram prices and supporting
workpapers should remain confidential.
Id. at 7. The Postal Service further
explains its request for non-public
treatment of the specific self-declared
prices in its application for non-public
treatment, filed pursuant to 39 CFR part
3007. Id. Attachment 1 at 1.
The Postal Service notes that the
proposals adopted by the Third
Extraordinary Congress necessitate a
different price structure from what the
Commission approved in Order No.
5152. See Notice at 5. Specifically, it
plans to combine self-declared prices for
Inbound Letter Post Small Packets and
Bulky Letters with applicable rates for
Inbound Letter Post letters and flats to
‘‘formulate blended rates for low
volumes flows,’’ which will be
applicable to group I countries with
mail flows below 50 tonnes, and to
group II and III countries with mail
3 See Docket No. IM2019–1, Notice and Order
Establishing Section 407 Proceeding, June 20, 2019,
at 1 (Order No. 5127).
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Federal Register / Vol. 84, No. 214 / Tuesday, November 5, 2019 / Notices
flows between 25 to 50 tonnes. Id.
Furthermore, it plans to charge default
terminal dues for certain low volume
mail flows from group II, III, and IV
countries. Id. at 6. Additionally, the
default terminal dues for group IV
countries are higher than those
previously approved in Order No. 5152.
Id. The Postal Service also notes that it
adjusted the prices for associated
Inbound Competitive International
Registered Mail Service to conform
more closely to the Universal Postal
Convention and the Convention
Regulations. Id. at 7.
The Postal Service states that the
proposed specific per-item and perkilogram prices for Inbound Letter Post
Small Packets and Bulky Letters fall
within the range approved by the
Commission in Order No. 5152. Id. at 3.
The Postal Service states that prices for
the Inbound Letter Post Small Packets
and Bulky Letters pieces and associated
Inbound Competitive International
Registered Mail Service would conform
to the requirements for competitive
products under 39 U.S.C. 3633. Id. at 3,
7. The Postal Service states that the
proposed prices cover attributable costs,
avoid cross-subsidization, and do not
impede competitive products’ collective
ability to cover the appropriate share of
institutional costs. Id. at 3, 7.
IV. Initial Administrative Actions
The Commission invites comments on
whether the planned changes are
consistent with 39 U.S.C. 3632 and 3633
and 39 CFR part 3015. Comments are
due no later than November 6, 2019.
Pursuant to 39 U.S.C. 505, Katalin K.
Clendenin continues to serve as Public
Representative to represent the interests
of the general public in this docket.
khammond on DSKJM1Z7X2PROD with NOTICES
V. Ordering Paragraphs
It is ordered:
1. The Commission invites interested
persons an opportunity to express views
and offer comments on whether the
planned changes are consistent with 39
U.S.C. 3632 and 3633 and 39 CFR part
3015.
2. Comments are due no later than
November 6, 2019.
3. Pursuant to 39 U.S.C. 505, Katalin
K. Clendenin continues to serve as an
officer of the Commission (Public
Representative) to represent the
interests of the general public in this
docket.
4. The Secretary shall arrange for
publication of this order in the Federal
Register.
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16:34 Nov 04, 2019
Jkt 250001
By the Commission.
Darcie S. Tokioka,
Acting Secretary.
of the most significant parts of such
statements.
[FR Doc. 2019–24091 Filed 11–4–19; 8:45 am]
BILLING CODE 7710–FW–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–87422; File No. SR–
NYSECHX–2019–16]
Self-Regulatory Organizations; NYSE
Chicago, Inc.; Notice of Filing and
Immediate Effectiveness of Proposed
Rule Change To Amend the Fee
Schedule To Eliminate Market Data
Revenue Rebates
October 30, 2019.
Pursuant to Section 19(b)(1) 1 of the
Securities Exchange Act of 1934 (the
‘‘Act’’) 2 and Rule 19b–4 thereunder,3
notice is hereby given that, on October
28, 2019 the NYSE Chicago, Inc.
(‘‘NYSE Chicago’’ or the ‘‘Exchange’’)
filed with the Securities and Exchange
Commission (the ‘‘Commission’’) the
proposed rule change as described in
Items I, II, and III below, which Items
have been prepared by the selfregulatory organization. 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 amend the
Fee Schedule of NYSE Chicago, Inc. (the
‘‘Fee Schedule’’) to eliminate Market
Data Revenue Rebates. The Exchange
proposes to implement the fee change
effective November 1, 2019. 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.
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,
1 15
U.S.C. 78s(b)(1).
U.S.C. 78a.
3 17 CFR 240.19b–4.
2 15
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59663
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A. Self-Regulatory Organization’s
Statement of the Purpose of, and the
Statutory Basis for, the Proposed Rule
Change
1. Purpose
The Exchange proposes to amend the
Fee Schedule to eliminate Market Data
Revenue (‘‘MDR’’) Rebates. The
Exchange proposes to implement the fee
changes effective November 1, 2019.
Background
The Exchange operates in a highly
competitive environment. The
Commission has repeatedly expressed
its preference for competition over
regulatory intervention in determining
prices, products, and services in the
securities markets. In Regulation
National Market System (‘‘NMS’’), the
Commission highlighted the importance
of market forces in determining prices
and SRO revenues and, also, recognized
that current regulation of the market
system ‘‘has been remarkably successful
in promoting market competition in its
broader forms that are most important to
investors and listed companies.’’ 4
As the Commission itself recognized,
the market for trading services in NMS
stocks has become ‘‘more fragmented
and competitive.’’ 5 Indeed, equity
trading is currently dispersed across 13
exchanges,6 31 alternative trading
systems,7 and numerous broker-dealer
internalizers and wholesalers, all
competing for order flow. Based on
publicly-available information for
August 2019, no single exchange has
more than 19% market share (whether
including or excluding auction
volume).8 Therefore, no exchange
possesses significant pricing power in
the execution of equity order flow. More
specifically, in the first eight months of
2019, the Exchange averaged less than
4 See Securities Exchange Act Release No. 51808
(June 9, 2005), 70 FR 37496, 37499 (June 29, 2005).
5 See Securities Exchange Act Release No. 51808,
84 FR 5202, 5253 (February 20, 2019) (File No. S7–
05–18) (Transaction Fee Pilot for NMS Stocks Final
Rule).
6 See Cboe U.S Equities Market Volume Summary
at https://markets.cboe.com/us/equities/market_
share. See generally https://www.sec.gov/fastanswers/divisionsmarketregmr
exchangesshtml.html.
7 See FINRA ATS Transparency Data, available at
https://otctransparency.finra.org/otctransparency/
AtsIssueData. A list of alternative trading systems
registered with the Commission is available at
https://www.sec.gov/foia/docs/atslist.htm.
8 See Cboe Global Markets U.S. Equities Market
Volume Summary, available at https://
markets.cboe.com/us/equities/market_share/.
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]]>Agencies
[Federal Register Volume 84, Number 214 (Tuesday, November 5, 2019)]
[Notices]
[Pages 59662-59663]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-24091]
-----------------------------------------------------------------------
POSTAL REGULATORY COMMISSION
[Docket No. CP2019-155; Order No. 5288]
Competitive Postal Products
AGENCY: Postal Regulatory Commission.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: The Commission is acknowledging a recent filing by the Postal
Service of its intention to change prices not of general applicability
to reflect a range of prices to take effect on a date determined by the
Postal Service Governors. This notice informs the public of the filing,
invites public comment, and takes other administrative steps.
DATES: Comments are due: November 6, 2019.
ADDRESSES: Submit comments electronically via the Commission's Filing
Online system at https://www.prc.gov. Those who cannot submit comments
electronically should contact the person identified in the FOR FURTHER
INFORMATION CONTACT section by telephone for advice on filing
alternatives.
FOR FURTHER INFORMATION CONTACT: David A. Trissell, General Counsel, at
202-789-6820.
SUPPLEMENTARY INFORMATION:
Table of Contents
I. Introduction
II. Background
III. Proposed Rates
IV. Initial Administrative Actions
V. Ordering Paragraphs
I. Introduction
On October 29, 2019, the Postal Service filed a notice of specific
per-item and per-kilogram self-declared prices for Inbound Letter Post
Small Packets and Bulky Letters (E format) as well as a notice of price
adjustment for certain Inbound Letter Post Small Packets and Bulky
Letters pieces and associated Inbound Competitive International
Registered Mail Service.\1\ The Postal Service intends for the prices
to take effect on July 1, 2020. Notice at 1. The Postal Service's
Notice requests prompt review and approval of new prices for Inbound
Letter Post Small Packets and Bulky Letters to facilitate its efforts
to commence bilateral negotiations with foreign postal operators. Id.
at 8.
---------------------------------------------------------------------------
\1\ Notice of the United States Postal Service of Effective Date
and Specific Rates Not of General Applicability for Inbound E-Format
Letter Post, and Application for Non-Public Treatment, October 29,
2019 (Notice).
---------------------------------------------------------------------------
II. Background
In Order No. 5152, the Commission approved a range of self-declared
prices for Inbound Letter Post Small Packets and Bulky Letters from
Universal Postal Union (UPU) group I, II, and III countries and from
group IV countries with mail flows that exceed a certain annual tonnage
threshold.\2\ The Commission also approved the application of default
terminal dues established in the Universal Postal Convention to mail
flows from group IV countries that do not exceed the annual tonnage
threshold. Order No. 5152 at 5, 18. When approving the range of self-
declared rates, the Commission directed the Postal Service to provide
notice of specific per-item and per-kilogram prices at least 15 days
before the effective date of those prices. Id. at 19.
---------------------------------------------------------------------------
\2\ Order Approving Range of Rates for Inbound Letter Post Small
Packets and Bulky Letters and Associated International Registered
Mail Service, July 12, 2019, at 5, 18 (Order No. 5152). The Postal
Service applied an annual tonnage threshold of 100 tonnes. See
Responses of the United States Postal Service to Questions 1-10 of
Chairman's Information Request No. 1, question 3.a, June 7, 2019.
---------------------------------------------------------------------------
In September 2019, members of the UPU held a Third Extraordinary
Congress and adopted proposals to reform the current terminal dues
system for Inbound Letter Post small packets and bulky letters.\3\
Specifically, the Third Extraordinary Congress adopted proposals that
will allow the Postal Service to charge self-declared prices for
Inbound Letter Post small packets and bulky letters beginning July 1,
2020. Notice at 4. The Postal Service must provide notice of these
self-declared prices to the UPU International Bureau by March 1, 2020.
Id.
---------------------------------------------------------------------------
\3\ See Docket No. IM2019-1, Notice and Order Establishing
Section 407 Proceeding, June 20, 2019, at 1 (Order No. 5127).
---------------------------------------------------------------------------
III. Proposed Rates
The Postal Service's Notice includes an application for non-public
treatment of materials filed under seal (Attachment 1), redacted
specific per-item and per-kilogram self-declared prices for Inbound
Letter Post Small Packets and Bulky Letters (Attachment 2), a redacted
copy of Governors' Decision No. 19-5 (Attachment 3), and a
certification pursuant to 39 CFR 3015.5(c)(2) (Attachment 4). Id.
Attachments 1-4. In addition, the Postal Service filed the proposed
rates and underlying workpapers under seal in this docket. See Notice
at 3. The Postal Service states that the specific per-item and per-
kilogram prices and supporting workpapers should remain confidential.
Id. at 7. The Postal Service further explains its request for non-
public treatment of the specific self-declared prices in its
application for non-public treatment, filed pursuant to 39 CFR part
3007. Id. Attachment 1 at 1.
The Postal Service notes that the proposals adopted by the Third
Extraordinary Congress necessitate a different price structure from
what the Commission approved in Order No. 5152. See Notice at 5.
Specifically, it plans to combine self-declared prices for Inbound
Letter Post Small Packets and Bulky Letters with applicable rates for
Inbound Letter Post letters and flats to ``formulate blended rates for
low volumes flows,'' which will be applicable to group I countries with
mail flows below 50 tonnes, and to group II and III countries with mail
[[Page 59663]]
flows between 25 to 50 tonnes. Id. Furthermore, it plans to charge
default terminal dues for certain low volume mail flows from group II,
III, and IV countries. Id. at 6. Additionally, the default terminal
dues for group IV countries are higher than those previously approved
in Order No. 5152. Id. The Postal Service also notes that it adjusted
the prices for associated Inbound Competitive International Registered
Mail Service to conform more closely to the Universal Postal Convention
and the Convention Regulations. Id. at 7.
The Postal Service states that the proposed specific per-item and
per-kilogram prices for Inbound Letter Post Small Packets and Bulky
Letters fall within the range approved by the Commission in Order No.
5152. Id. at 3. The Postal Service states that prices for the Inbound
Letter Post Small Packets and Bulky Letters pieces and associated
Inbound Competitive International Registered Mail Service would conform
to the requirements for competitive products under 39 U.S.C. 3633. Id.
at 3, 7. The Postal Service states that the proposed prices cover
attributable costs, avoid cross-subsidization, and do not impede
competitive products' collective ability to cover the appropriate share
of institutional costs. Id. at 3, 7.
IV. Initial Administrative Actions
The Commission invites comments on whether the planned changes are
consistent with 39 U.S.C. 3632 and 3633 and 39 CFR part 3015. Comments
are due no later than November 6, 2019. Pursuant to 39 U.S.C. 505,
Katalin K. Clendenin continues to serve as Public Representative to
represent the interests of the general public in this docket.
V. Ordering Paragraphs
It is ordered:
1. The Commission invites interested persons an opportunity to
express views and offer comments on whether the planned changes are
consistent with 39 U.S.C. 3632 and 3633 and 39 CFR part 3015.
2. Comments are due no later than November 6, 2019.
3. Pursuant to 39 U.S.C. 505, Katalin K. Clendenin continues to
serve as an officer of the Commission (Public Representative) to
represent the interests of the general public in this docket.
4. The Secretary shall arrange for publication of this order in the
Federal Register.
By the Commission.
Darcie S. Tokioka,
Acting Secretary.
[FR Doc. 2019-24091 Filed 11-4-19; 8:45 am]
BILLING CODE 7710-FW-P
