International Product Change-Priority Mail Express International, Priority Mail International, First-Class Package International Service & Commercial ePacket Agreement: Postal ServiceTM, 50842 [2020-17988]
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50842
Federal Register / Vol. 85, No. 160 / Tuesday, August 18, 2020 / Notices
POSTAL SERVICE
International Product Change—Priority
Mail Express International, Priority Mail
International, First-Class Package
International Service & Commercial
ePacket Agreement: Postal ServiceTM
ACTION:
Notice.
The Postal Service gives
notice of filing a request with the Postal
Regulatory Commission to add a Priority
Mail Express International, Priority Mail
International, First-Class Package
International Service & Commercial
ePacket contract to the list of Negotiated
Service Agreements in the Competitive
Product List in the Mail Classification
Schedule.
SUMMARY:
DATES:
Date of notice: August 18, 2020.
FOR FURTHER INFORMATION CONTACT:
Christopher C. Meyerson, (202) 268–
7820.
The
United States Postal Service® hereby
gives notice that, pursuant to 39 U.S.C.
3642 and 3632(b)(3), on August 12,
2020, it filed with the Postal Regulatory
Commission a USPS Request to Add
Priority Mail Express International,
Priority Mail International, First-Class
Package International Service &
Commercial ePacket Contract 8 to
Competitive Product List. Documents
are available at www.prc.gov, Docket
Nos. MC2020–218 and CP2020–246.
SUPPLEMENTARY INFORMATION:
[FR Doc. 2020–17988 Filed 8–17–20; 8:45 am]
BILLING CODE 7710–12–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–89527; File No. SR–Phlx–
2020–38]
Self-Regulatory Organizations; Nasdaq
PHLX LLC; Notice of Filing and
Immediate Effectiveness of Proposed
Rule Change To Memorialize Phlx’s
Business Continuity and Disaster
Recovery for Its Trading Floor
jbell on DSKJLSW7X2PROD with NOTICES
August 12, 2020.
Pursuant to 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 July 29,
2020, Nasdaq PHLX LLC (‘‘Phlx’’ or
‘‘Exchange’’) filed with the Securities
and Exchange Commission
(‘‘Commission’’) the proposed rule
2 17
U.S.C. 78s(b)(1).
CFR 240.19b–4.
VerDate Sep<11>2014
17:50 Aug 17, 2020
Jkt 250001
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The Exchange proposes to modify
Phlx Options 8, related to the Phlx
Trading Floor, to memorialize its
current Business Continuity and
Disaster Recovery provisions.
The text of the proposed rule change
is available on the Exchange’s website at
https://listingcenter.nasdaq.com/
rulebook/phlx/rules, 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
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
Brittany M. Johnson,
Attorney, Federal Compliance.
1 15
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.
1. Purpose
Phlx proposes to amend its Trading
Floor rules at Options 8, Section 26,
Trading Halts, to memorialize its
current Business Continuity and
Disaster Recovery provisions.
Memorialize Business Continuity and
Disaster Recovery Plan
Today, Phlx has a Business
Continuity and Disaster Recovery Plan
for its Trading Floor (‘‘BCP’’), which
BCP provides for a back-up physical
location at The Philadelphia Navy Yard,
in the event that the physical Trading
Floor, currently located at 2929 Walnut
Street, Philadelphia, becomes
unavailable. The Exchange proposes to
amend Options 8, Section 26 to add a
new section ‘‘g’’ to memorialize its
current Business Continuity and
Disaster Recovery plans. The Exchange
proposes to amend its Rules at Options
8, Section 26 to amend the title of the
Rule from ‘‘Trading Halts’’ To ‘‘Trading
Halts, Business Continuity and Disaster
PO 00000
Frm 00046
Fmt 4703
Sfmt 4703
Recovery.’’ The Exchange proposes to
state within Options 8, Section 26 at
new section (g) that, ‘‘The Exchange
may activate its business continuity and
disaster recovery plans to maintain fair
and orderly markets in the event of a
System failure, disaster, or other
unusual circumstance that may threaten
the ability to conduct business on the
Exchange.’’ The Exchange proposes to
state with new (g) that the following
provisions shall apply with respect to
the Exchange’s Trading Floor:
(1) Loss of Trading Floor. If the physical
location designated as the ‘‘Trading Floor’’
becomes unavailable, Phlx will enact its
Business Continuity Plan and designate the
Philadelphia Navy Yard as its ‘‘Back-Up
Trading Floor.’’
(2) Back-up Trading Floor Unavailable. In
the event that the Back-Up Trading Floor
becomes inoperable, the Exchange will only
operate its electronic market and will not
operate a Trading Floor. The Exchange will
operate only its electronic market until the
Exchange’s Trading Floor facility is
operational. Open outcry trading will not be
available in the interim.
(3) Other Back-Up Trading Arrangements.
This Rule does not preclude the Exchange
from conducting business, in the event the
Trading Floor and Back-Up Trading Floor are
rendered inoperable, pursuant to Options 4,
Section 10.
These provisions above, are
contemplated today by Phlx’s BCP and
enacted pursuant to Phlx’s emergency
authority within By-Law Article VII,
Section 7–5.3 The Exchange is
proposing to memorialize these
provisions of Phlx’s BCP similar to Cboe
Exchange, Inc. (‘‘Cboe’’) Rule 5.24.4
Current Phlx Rules at Options 8,
Section 1(a) specify, ‘‘The Options 8
Rules shall apply to Exchange options
transactions by and among members
and member organizations physically
located on the Exchange’s options
trading floor, including the trading
3 Phlx By-Law Article VII, Section 7–5, Authority
to Take Action Under Emergency or Extraordinary
Market Conditions, provides, ‘‘The Board of
Directors, or such person or persons or committee
as may be designated by the Board of Directors, in
the event of an emergency or extraordinary market
conditions, shall have the authority to take any
action regarding: (a) The trading in or operation of
the national securities exchange operated by the
Exchange or any other organized securities markets
that may be operated by the Exchange, the
operation of any automated system owned or
operated by the Exchange, and the participation in
any such system or any or all persons or the trading
therein of any or all securities; and (b) the operation
of any or all offices or systems of Members and
Member Organizations, if, in the opinion of the
Board of Directors or the person or persons hereby
designated, such action is necessary or appropriate
for the protection of investors or the public interest
or for the orderly operation of the marketplace or
the system.’’
4 Unlike Phlx, Cboe does not list a secondary
back-up trading floor, but does specify its
contingency plans for its Trading Floor.
E:\FR\FM\18AUN1.SGM
18AUN1
Agencies
[Federal Register Volume 85, Number 160 (Tuesday, August 18, 2020)]
[Notices]
[Page 50842]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-17988]
[[Page 50842]]
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POSTAL SERVICE
International Product Change--Priority Mail Express
International, Priority Mail International, First-Class Package
International Service & Commercial ePacket Agreement: Postal
ServiceTM
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: The Postal Service gives notice of filing a request with the
Postal Regulatory Commission to add a Priority Mail Express
International, Priority Mail International, First-Class Package
International Service & Commercial ePacket contract to the list of
Negotiated Service Agreements in the Competitive Product List in the
Mail Classification Schedule.
DATES: Date of notice: August 18, 2020.
FOR FURTHER INFORMATION CONTACT: Christopher C. Meyerson, (202) 268-
7820.
SUPPLEMENTARY INFORMATION: The United States Postal Service[supreg]
hereby gives notice that, pursuant to 39 U.S.C. 3642 and 3632(b)(3), on
August 12, 2020, it filed with the Postal Regulatory Commission a USPS
Request to Add Priority Mail Express International, Priority Mail
International, First-Class Package International Service & Commercial
ePacket Contract 8 to Competitive Product List. Documents are available
at www.prc.gov, Docket Nos. MC2020-218 and CP2020-246.
Brittany M. Johnson,
Attorney, Federal Compliance.
[FR Doc. 2020-17988 Filed 8-17-20; 8:45 am]
BILLING CODE 7710-12-P