New Postal Products, 40698-40699 [2020-14518]

Download as PDF 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. VerDate Sep<11>2014 16:59 Jul 06, 2020 Jkt 250001 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: PO 00000 Frm 00079 Fmt 4703 Sfmt 4703 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). E:\FR\FM\07JYN1.SGM 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 VerDate Sep<11>2014 16:59 Jul 06, 2020 Jkt 250001 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. PO 00000 Frm 00080 Fmt 4703 Sfmt 4703 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 E:\FR\FM\07JYN1.SGM Continued 07JYN1

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
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.