New Postal Products, 40698-40699 [2020-14518]
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jbell on DSKJLSW7X2PROD with NOTICES
40698
Federal Register / Vol. 85, No. 130 / Tuesday, July 7, 2020 / Notices
to as ‘‘FPO–USPS Agreement FY20–3.’’
Notice at 1. The Postal Service seeks to
include the FPO–USPS Agreement
FY20–3 within the Inbound Competitive
Multi-Service Agreement with Foreign
Postal Operators 1 (MC2010–34)
product. Id.
The Postal Service asserts that FPO–
USPS Agreement FY20–3 ‘‘is
functionally equivalent to the baseline
agreement filed in Docket No. MC2010–
34 because the terms of this agreement
are similar in scope and purpose to the
terms of the CP2010–95 Agreement.’’ Id.
at 3. Concurrent with the Notice, the
Postal Service filed supporting financial
documentation and the following
documents:
• Attachment 1—an application for
non-public treatment;
• Attachment 2—the FPO–USPS
Agreement FY20–3;
• Attachment 3—Governors’ Decision
No. 19–1;
• Attachment 4—a certified statement
required by 39 CFR 3035.105(c)(2).
Id. at 5.
The Postal Service states it intends for
FPO–USPS Agreement FY20–3 to take
effect on July 1, 2020. Id. at 1, 2, 6. The
Postal Service ‘‘acknowledges that,
despite the best efforts of the
counterparties . . ., this Notice is not
being filed at least 15 days prior to the
rates’ intended effective date.’’ 2 It
maintains that because ‘‘settlement
would not occur until well after th[e]
intended effective date,’’ the
Commission could timely review FPO–
USPS Agreement FY20–3 and allow
parties to implement rates on July 1,
2020. Id. The Postal Service contends
that a later implementation date ‘‘could
lead to complexities in accounting for
the time period between July 1 and the
date that [FPO–USPS Agreement FY20–
3] would become effective.’’ Id.
The Postal Service notes that FPO–
USPS Agreement FY20–3 provides rates
for inbound tracked packets. Id. at 6.
The Postal Service states that FPO–
USPS Agreement FY20–3 is in
compliance with 39 U.S.C. 3633 and is
functionally equivalent to the inbound
competitive portions of the CP2010–95
agreement, which was included in the
Inbound Competitive Multi-Service
Agreements with Foreign Postal
Operators 1 product. Id. at 9. For these
reasons, the Postal Service states that,
‘‘FPO–USPS Agreement FY20–3 should
be added to the Inbound Competitive
Multi-Service Agreements with Foreign
Postal Operators 1 [ ] product with effect
from July 1, 2020.’’ Id.
2 Id.
at 2. The Postal Service’s Notice was filed 1
day prior to the FPO–USPS Agreement FY20–3
intended effective date. See generally Notice.
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II. Commission Action
The Commission establishes Docket
No. CP2020–211 to consider the Notice.
Interested persons may submit
comments on whether FPO–USPS
Agreement FY20–3 is consistent with 39
U.S.C. 3633 and 39 CFR 3035.105 and
whether it is functionally equivalent to
the inbound competitive portions of the
Docket No. CP2010–95 agreement,
which was included in the Inbound
Competitive Multi-Service Agreements
with Foreign Postal Operators 1
product. Comments are due by July 9,
2020.
The Notice and related filings are
available on the Commission’s website
(https://www.prc.gov). The Commission
encourages interested persons to review
the Notice for further details.
The Commission appoints
Christopher C. Mohr to serve as Public
Representative in this proceeding.
III. Ordering Paragraphs
It is ordered:
1. The Commission establishes Docket
No. CP2020–211 for consideration of the
matters raised by the Notice of United
States Postal Service of Filing
Functionally Equivalent Inbound
Competitive Multi-Service Agreement
with Foreign Postal Operator—FY20–3,
filed on June 30, 2020.
2. Pursuant to 39 U.S.C. 505,
Christopher C. Mohr is appointed to
serve as an officer of the Commission
(Public Representative) to represent the
interests of the general public in this
proceeding.
3. Comments by interested persons
are due by July 9, 2020.
4. The Secretary shall arrange for
publication of this Order in the Federal
Register.
By the Commission.
Erica A. Barker,
Secretary.
[FR Doc. 2020–14606 Filed 7–6–20; 8:45 am]
BILLING CODE 7710–FW–P
POSTAL REGULATORY COMMISSION
[Docket Nos. MC2020–187 and CP2020–212]
New Postal Products
Postal Regulatory Commission.
Notice.
AGENCY:
ACTION:
The Commission is noticing a
recent Postal Service filing for the
Commission’s consideration concerning
negotiated service agreements. This
notice informs the public of the filing,
invites public comment, and takes other
administrative steps.
DATES: Comments are due: July 9, 2020.
SUMMARY:
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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. Docketed Proceeding(s)
I. Introduction
The Commission gives notice that the
Postal Service filed request(s) for the
Commission to consider matters related
to negotiated service agreement(s). The
request(s) may propose the addition or
removal of a negotiated service
agreement from the market dominant or
the competitive product list, or the
modification of an existing product
currently appearing on the market
dominant or the competitive product
list.
Section II identifies the docket
number(s) associated with each Postal
Service request, the title of each Postal
Service request, the request’s acceptance
date, and the authority cited by the
Postal Service for each request. For each
request, the Commission appoints an
officer of the Commission to represent
the interests of the general public in the
proceeding, pursuant to 39 U.S.C. 505
(Public Representative). Section II also
establishes comment deadline(s)
pertaining to each request.
The public portions of the Postal
Service’s request(s) can be accessed via
the Commission’s website (https://
www.prc.gov). Non-public portions of
the Postal Service’s request(s), if any,
can be accessed through compliance
with the requirements of 39 CFR
3011.301.1
The Commission invites comments on
whether the Postal Service’s request(s)
in the captioned docket(s) are consistent
with the policies of title 39. For
request(s) that the Postal Service states
concern market dominant product(s),
applicable statutory and regulatory
requirements include 39 U.S.C. 3622, 39
U.S.C. 3642, 39 CFR part 3030, and 39
CFR part 3040, subpart B. For request(s)
that the Postal Service states concern
competitive product(s), applicable
1 See Docket No. RM2018–3, Order Adopting
Final Rules Relating to Non-Public Information,
June 27, 2018, Attachment A at 19–22 (Order No.
4679).
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07JYN1
Federal Register / Vol. 85, No. 130 / Tuesday, July 7, 2020 / Notices
statutory and regulatory requirements
include 39 U.S.C. 3632, 39 U.S.C. 3633,
39 U.S.C. 3642, 39 CFR part 3035, and
39 CFR part 3040, subpart B. Comment
deadline(s) for each request appear in
section II.
II. Docketed Proceeding(s)
1. Docket No(s).: MC2020–187 and
CP2020–212; Filing Title: USPS Request
to Add Priority Mail Contract 632 to
Competitive Product List and Notice of
Filing Materials Under Seal; Filing
Acceptance Date: June 30, 2020; Filing
Authority: 39 U.S.C. 3642, 39 CFR
3040.130 through 3040.135, and 39 CFR
3035.105; Public Representative:
Christopher C. Mohr; Comments Due:
July 9, 2020.
This Notice will be published in the
Federal Register.
Erica A. Barker,
Secretary.
[FR Doc. 2020–14518 Filed 7–6–20; 8:45 am]
BILLING CODE 7710–FW–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–89192; File No. SR–
NYSEArca–2019–96]
Self-Regulatory Organizations; NYSE
Arca, Inc.; Notice of Filing of
Amendment No. 5 and Order Granting
Accelerated Approval of a Proposed
Rule Change, as Modified by
Amendment No. 5, To List and Trade
Two Series of Active Proxy Portfolio
Shares Issued by the American
Century ETF Trust Under NYSE Arca
Rule 8.601–E
June 30, 2020.
I. Introduction
jbell on DSKJLSW7X2PROD with NOTICES
On December 23, 2019, NYSE Arca,
Inc. (‘‘NYSE Arca’’ or ‘‘Exchange’’) filed
with the Securities and Exchange
Commission (‘‘Commission’’), pursuant
to Section 19(b)(1) of the Securities
Exchange Act of 1934 (‘‘Act’’) 1 and Rule
19b–4 thereunder,2 a proposed rule
change to list and trade shares
(‘‘Shares’’) of the following under NYSE
Arca Rule 8.601–E (Active Proxy
Portfolio Shares): American Century
Mid Cap Growth Impact ETF and
American Century Sustainable Equity
ETF (‘‘Funds’’).3 The proposed rule
1 15
U.S.C.78s(b)(1).
CFR 240.19b–4.
3 The Exchange originally proposed to adopt
NYSE Arca Rule 8.602–E to permit the Exchange to
list and trade Actively Managed Solution Shares,
and to list and trade Shares of the Funds under
proposed Exchange Rule 8.602–E. In Amendment
No. 2, the Exchange removed the proposal to adopt
2 17
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change was published for comment in
the Federal Register on January 3,
2020.4
On February 13, 2020, pursuant to
Section 19(b)(2) of the Act,5 the
Commission designated a longer period
within which to approve the proposed
rule change, disapprove the proposed
rule change, or institute proceedings to
determine whether to disapprove the
proposed rule change.6 On March 31,
2020, the Exchange filed Amendment
No. 2 to the proposed rule change,
which replaced and superseded the
proposed rule change as originally
filed.7 On April 1, 2020, the
Commission published Amendment No.
2 for notice and comment and instituted
proceedings under Section 19(b)(2)(B) of
the Act 8 to determine whether to
approve or disapprove the proposed
rule change.9 On May 20, 2020, the
Exchange filed Amendment No. 3 to the
proposed rule change, which replaced
and superseded the proposed rule
change, as amended by Amendment No.
2.10 On June 15, 2020, the Exchange
filed Amendment No. 4 to the proposed
rule change, which replaced and
superseded the proposed rule change, as
amended by Amendment No. 3.11 On
June 19, 2020, the Exchange filed
proposed NYSE Arca Rule 8.602–E and revised the
proposal to seek to list and trade Shares of the
Funds under proposed NYSE Arca Rule 8.601–E
(Active Proxy Portfolio Shares). See Amendment
No. 2, infra note 7. See also Amendment No. 6 to
SR–NYSEArca–2019–95 (proposing to adopt NYSE
Arca Rule 8.601–E to list and trade Active Proxy
Portfolio Shares, available on the Commission’s
website at https://www.sec.gov/comments/srnysearca-2019-95/srnysearca201995-7329866218548.pdf. The Commission recently approved the
Exchange’s proposed rule change to adopt NYSE
Arca Rule 8.601–E to permit the listing and trading
of Active Proxy Portfolio Shares. See Securities
Exchange Act Release No. 89185 (June 29, 2020)
(SR–NYSEArca–2019–95) (‘‘Active Proxy Portfolio
Shares Order’’).
4 See Securities Exchange Act Release No. 87867
(Dec. 30, 2019), 85 FR 394.
5 15 U.S.C. 78s(b)(2).
6 See Securities Exchange Act Release No. 88198,
85 FR 9833 (Feb. 20, 2020). The Commission
designated April 2, 2020, as the date by which the
Commission shall approve or disapprove, or
institute proceedings to determine whether to
disapprove, the proposed rule change.
7 Amendment No. 1 to the proposed rule change
was filed on March 30, 2020 and subsequently
withdrawn on March 31, 2020. Amendment No. 2
is available on the Commission’s website at https://
www.sec.gov/comments/sr-nysearca-2019-96/
srnysearca201996-7015541-214976.pdf.
8 15 U.S.C. 78s(b)(2)(B).
9 See Securities Exchange Act Release No. 88534,
85 FR 19519 (April 7, 2020).
10 Amendment No. 3 is available on the
Commission’s website at https://www.sec.gov/
comments/sr-nysearca-2019-96/srnysearca2019967220746-216947.pdf.
11 Amendment No. 4 is available on the
Commission’s website at https://www.sec.gov/
comments/sr-nysearca-2019-96/srnysearca2019967316464-218309.pdf.
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40699
Amendment No. 5 to the proposed rule
change, which replaced and superseded
the proposed rule change, as amended
by Amendment No. 4.12 The
Commission has received no comments
on the proposed rule change. The
Commission is publishing this notice to
solicit comments on the proposed rule
change, as modified by Amendment No.
5, from interested persons and is
approving the proposed rule change, as
modified by Amendment No. 5, on an
accelerated basis.
II. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change, as Modified by Amendment
No. 5
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.
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
1. Purpose
The Exchange has proposed to add
new NYSE Arca Rule 8.601–E for the
purpose of permitting the listing and
trading, or trading pursuant to unlisted
trading privileges (‘‘UTP’’), of Active
Proxy Portfolio Shares, which are
securities issued by an actively managed
open-end investment management
company.13 Proposed Commentary .01
12 Amendment No. 5 is available on the
Commission’s website at https://www.sec.gov/
comments/sr-nysearca-2019-96/srnysearca2019967329865-218547.pdf.
13 See Amendment 6 to SR–NYSEArca–2019–95,
filed on June 19, 2020. See also, Securities
Exchange Act Release No. 87866 (December 30,
2019), 85 FR 357 (January 3, 2020) (SR–NYSEArca–
2019–95). Proposed Rule 8.601–E(c)(1) provides
that ‘‘[t]he term ‘‘Active Proxy Portfolio Share’’
means a security that (a) is issued by a investment
company registered under the Investment Company
Act of 1940 (‘‘Investment Company’’) organized as
an open-end management investment company that
invests in a portfolio of securities selected by the
Investment Company’s investment adviser
consistent with the Investment Company’s
investment objectives and policies; (b) is issued in
a specified minimum number of shares, or
multiples thereof, in return for a deposit by the
purchaser of the Proxy Portfolio and/or cash with
a value equal to the next determined net asset value
(‘‘NAV’’); (c) when aggregated in the same specified
minimum number of Active Proxy Portfolio Shares,
or multiples thereof, may be redeemed at a holder’s
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Continued
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Agencies
[Federal Register Volume 85, Number 130 (Tuesday, July 7, 2020)]
[Notices]
[Pages 40698-40699]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-14518]
-----------------------------------------------------------------------
POSTAL REGULATORY COMMISSION
[Docket Nos. MC2020-187 and CP2020-212]
New Postal Products
AGENCY: Postal Regulatory Commission.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: The Commission is noticing a recent Postal Service filing for
the Commission's consideration concerning negotiated service
agreements. This notice informs the public of the filing, invites
public comment, and takes other administrative steps.
DATES: Comments are due: July 9, 2020.
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. Docketed Proceeding(s)
I. Introduction
The Commission gives notice that the Postal Service filed
request(s) for the Commission to consider matters related to negotiated
service agreement(s). The request(s) may propose the addition or
removal of a negotiated service agreement from the market dominant or
the competitive product list, or the modification of an existing
product currently appearing on the market dominant or the competitive
product list.
Section II identifies the docket number(s) associated with each
Postal Service request, the title of each Postal Service request, the
request's acceptance date, and the authority cited by the Postal
Service for each request. For each request, the Commission appoints an
officer of the Commission to represent the interests of the general
public in the proceeding, pursuant to 39 U.S.C. 505 (Public
Representative). Section II also establishes comment deadline(s)
pertaining to each request.
The public portions of the Postal Service's request(s) can be
accessed via the Commission's website (https://www.prc.gov). Non-public
portions of the Postal Service's request(s), if any, can be accessed
through compliance with the requirements of 39 CFR 3011.301.\1\
---------------------------------------------------------------------------
\1\ See Docket No. RM2018-3, Order Adopting Final Rules Relating
to Non-Public Information, June 27, 2018, Attachment A at 19-22
(Order No. 4679).
---------------------------------------------------------------------------
The Commission invites comments on whether the Postal Service's
request(s) in the captioned docket(s) are consistent with the policies
of title 39. For request(s) that the Postal Service states concern
market dominant product(s), applicable statutory and regulatory
requirements include 39 U.S.C. 3622, 39 U.S.C. 3642, 39 CFR part 3030,
and 39 CFR part 3040, subpart B. For request(s) that the Postal Service
states concern competitive product(s), applicable
[[Page 40699]]
statutory and regulatory requirements include 39 U.S.C. 3632, 39 U.S.C.
3633, 39 U.S.C. 3642, 39 CFR part 3035, and 39 CFR part 3040, subpart
B. Comment deadline(s) for each request appear in section II.
II. Docketed Proceeding(s)
1. Docket No(s).: MC2020-187 and CP2020-212; Filing Title: USPS
Request to Add Priority Mail Contract 632 to Competitive Product List
and Notice of Filing Materials Under Seal; Filing Acceptance Date: June
30, 2020; Filing Authority: 39 U.S.C. 3642, 39 CFR 3040.130 through
3040.135, and 39 CFR 3035.105; Public Representative: Christopher C.
Mohr; Comments Due: July 9, 2020.
This Notice will be published in the Federal Register.
Erica A. Barker,
Secretary.
[FR Doc. 2020-14518 Filed 7-6-20; 8:45 am]
BILLING CODE 7710-FW-P