Product Change-First-Class Package Service Negotiated Service Agreement, 70582 [2019-27566]
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Federal Register / Vol. 84, No. 246 / Monday, December 23, 2019 / Notices
Filing Materials Under Seal; Filing
Acceptance Date: December 16, 2019;
Filing Authority: 39 U.S.C. 3642, 39 CFR
3020.30 et seq., and 39 CFR 3015.5;
Public Representative: Christopher C.
Mohr; Comments Due: December 26,
2019.
This Notice will be published in the
Federal Register.
Ruth Ann Abrams,
Acting Secretary.
[FR Doc. 2019–27654 Filed 12–20–19; 8:45 am]
FOR FURTHER INFORMATION CONTACT:
Sean Robinson, 202–268–8405.
SUPPLEMENTARY INFORMATION: The
United States Postal Service® hereby
gives notice that, pursuant to 39 U.S.C.
3642 and 3632(b)(3), on December 18,
2019, it filed with the Postal Regulatory
Commission a USPS Request to Add
Priority Mail Contract 586 to
Competitive Product List. Documents
are available at www.prc.gov, Docket
Nos. MC2020–79, CP2020–78.
Sean Robinson,
Attorney, Corporate and Postal Business Law.
BILLING CODE 7710–FW–P
[FR Doc. 2019–27677 Filed 12–20–19; 8:45 am]
POSTAL SERVICE
BILLING CODE 7710–12–P
Product Change—First-Class Package
Service 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:
December 23, 2019.
FOR FURTHER INFORMATION CONTACT:
Sean Robinson, 202–268–8405.
SUPPLEMENTARY INFORMATION: The
United States Postal Service® hereby
gives notice that, pursuant to 39 U.S.C.
3642 and 3632(b)(3), on December 17,
2019, it filed with the Postal Regulatory
Commission a USPS Request to Add
First-Class Package Service Contract 106
to Competitive Product List. Documents
are available at www.prc.gov, Docket
Nos. MC2020–78, CP2020–77.
SUMMARY:
Sean Robinson,
Attorney, Corporate and Postal Business Law.
[FR Doc. 2019–27566 Filed 12–20–19; 8:45 am]
BILLING CODE 7710–12–P
POSTAL SERVICE
Product Change—Priority Mail
Negotiated Service Agreement
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:
December 23, 2019.
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SUMMARY:
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19:32 Dec 20, 2019
Jkt 250001
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–87773; File No. SR–LTSE–
2019–04]
Self-Regulatory Organizations; LongTerm Stock Exchange; Notice of Filing
and Immediate Effectiveness of
Proposed Rule Change Relating to
Dual Listing
December 17, 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 December
5, 2019, Long-Term Stock Exchange
(‘‘LTSE’’ or the ‘‘Exchange’’) filed with
the Securities and Exchange
Commission (the ‘‘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.
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
LTSE proposes to add two definitions
to Rule 1.160 to clarify the meaning of
two amended terms—LTSE-PrimaryListed Security and Non-LTSE-PrimaryListed Security—in the Rule 11 Series
(Trading Rules) in the context of an
exchange that provides for dually-listed
securities.
The text of the proposed rule change
is available at the Exchange’s website at
https://longtermstockexchange.com/, at
the principal office of the Exchange, and
at the Commission’s Public Reference
Room.
1 15
U.S.C. 78s(b)(1).
U.S.C. 78a.
3 17 CFR 240.19b–4.
2 15
PO 00000
Frm 00090
Fmt 4703
Sfmt 4703
II. Self-Regulatory Organization’s
Statement on 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 self-regulatory organization 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 on the Purpose of, and the
Statutory Basis for, the Proposed Rule
Change
1. Purpose
The rules of the Exchange provide for
dual listings.4 The concept of dual
listing is not new. Companies have
dually listed their securities on NYSE
and Nasdaq,5 and more recently,
companies dual list their securities on a
foreign and U.S. exchange.6 One of the
reasons a company may dual list is to
commit to comply with a more stringent
regulatory regime, such as an exchange’s
listing standards.7 The Commission
recently approved LTSE Rule 14.425, in
which the Exchange enhanced its listing
standards to require companies that list
with the Exchange to adopt and publish
a Long-Term Stakeholder Policy, a
Long-Term Strategy Policy, a Long-Term
4 See
Rule 14.210 (Dually-Listed Securities).
Craig Karmin, Nasdaq Draws 6 Dual
Listings, Including H–P and Schwab, WALL ST. J.
(Jan. 13, 2004), https://www.wsj.com/articles/
SB107391401136003100.
6 Dual listing in the United States and a foreign
jurisdiction allows a company to more easily reach
a global set of investors and benefit from a
multitude of trading venues. See International
Investing, Sec. & Exch. Comm’n (Dec. 7, 2016),
available at https://www.sec.gov/reportspubs/
investor-publications/investorpubsininvesthtm.html
(‘‘Although most foreign stocks trade in the U.S.
markets as ADRs, some foreign companies list their
stock directly here as well as in their local market.
For example, some Canadian stocks that are listed
and trade on Canadian markets are also listed and
trade directly in U.S. markets, rather than as ADRs.
Some foreign companies list their securities in
multiple markets, which may include U.S.
markets.’’).
7 See Securities Exchange Act Release No. 50741
(Nov. 29, 2004), 69 FR 70296, 70298 (Dec. 3, 2004)
(‘‘Nasdaq believes issuers that become dually listed
voluntarily undertake a second set of regulations
and therefore demonstrate their commitment to
regulatory excellence.’’). See generally Cecilia
Caglio, et al., Going Public Abroad 3 (DERA,
Working Paper, Nov. 2013), available at https://
www.sec.gov/files/rsfi-wp2013-01.pdf (‘‘[G]oing
public in a market with more stringent securities
laws can also maximize proceeds by enabling the
issuing firm to credibly commit to greater ongoing
disclosure.’’).
5 See
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]]>Agencies
[Federal Register Volume 84, Number 246 (Monday, December 23, 2019)]
[Notices]
[Page 70582]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-27566]
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POSTAL SERVICE
Product Change--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: December 23, 2019.
FOR FURTHER INFORMATION CONTACT: Sean Robinson, 202-268-8405.
SUPPLEMENTARY INFORMATION: The United States Postal Service[supreg]
hereby gives notice that, pursuant to 39 U.S.C. 3642 and 3632(b)(3), on
December 17, 2019, it filed with the Postal Regulatory Commission a
USPS Request to Add First-Class Package Service Contract 106 to
Competitive Product List. Documents are available at www.prc.gov,
Docket Nos. MC2020-78, CP2020-77.
Sean Robinson,
Attorney, Corporate and Postal Business Law.
[FR Doc. 2019-27566 Filed 12-20-19; 8:45 am]
BILLING CODE 7710-12-P
