Product Change-Priority Mail and First-Class Package Service Negotiated Service Agreement, 67969 [2022-24491]
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Federal Register / Vol. 87, No. 217 / Thursday, November 10, 2022 / Notices
POSTAL SERVICE
Product Change—Priority Mail and
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:
November 10, 2022.
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 November 1,
2022, it filed with the Postal Regulatory
Commission a USPS Request to Add
Priority Mail & First-Class Package
Service Contract 224 to Competitive
Product List. Documents are available at
www.prc.gov, Docket Nos. MC2023–31,
CP2023–30.
SUMMARY:
Sarah Sullivan,
Attorney, Ethics & Legal Compliance.
[FR Doc. 2022–24491 Filed 11–9–22; 8:45 am]
BILLING CODE 7710–12–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–96241; File No. SR–FINRA–
2022–030]
Self-Regulatory Organizations;
Financial Industry Regulatory
Authority, Inc.; Notice of Filing and
Immediate Effectiveness of a Proposed
Rule Change To Extend Temporary
Supplementary Material .17
(Temporary Relief To Allow Remote
Inspections for Calendar Years 2020
and 2021, and Through December 31 of
Calendar Year 2022) Under FINRA Rule
3110 (Supervision)
lotter on DSK11XQN23PROD with NOTICES1
November 4, 2022.
Pursuant to section 19(b)(1) of the
Securities Exchange Act of 1934 (‘‘Act’’
or ‘‘Exchange Act’’) 1 and Rule 19b–4
thereunder,2 notice is hereby given that
on October 31, 2022, the Financial
Industry Regulatory Authority, Inc.
(‘‘FINRA’’) filed with the Securities and
Exchange Commission (‘‘SEC’’ or
‘‘Commission’’) the proposed rule
change as described in Items I, II, and
1 15
2 17
U.S.C. 78s(b)(1).
CFR 240.19b–4.
VerDate Sep<11>2014
17:43 Nov 09, 2022
Jkt 259001
III below, which Items have been
prepared by FINRA. FINRA has
designated the proposed rule change as
constituting a ‘‘non-controversial’’ rule
change under paragraph (f)(6) of Rule
19b–4 under the Act,3 which renders
the proposal effective upon receipt of
this filing by the Commission. 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
FINRA is proposing to extend
temporary Supplementary Material .17
(Temporary Relief to Allow Remote
Inspections for Calendar Years 2020 and
2021, and Through December 31 of
Calendar Year 2022) under FINRA Rule
3110 (Supervision) to include calendar
year 2023 inspection obligations
through the earlier of the effective date
of the pilot program proposed in File
No. SR–FINRA–2022–021, if approved,
or December 31, 2023 within the scope
of the supplementary material.4 The
proposed extension of Rule 3110.17
would alleviate the ongoing operational
challenges resulting from the COVID–19
pandemic that many member firms may
continue to face in planning for and
timely conducting the on-site inspection
component of Rule 3110(c) (Internal
Inspections) at locations requiring
inspection in calendar year 2023.5
Below is the text of the proposed rule
change. Proposed new language is in
italics; proposed deletions are in
brackets.
*
*
*
*
*
3 17
CFR 240.19b–4(f)(6).
infra note 15, and accompanying text for
further discussion of the pilot program proposed in
File No. SR–FINRA–2022–021. The proposed rule
change will automatically sunset on the earlier of
the effective date of SR–FINRA–2022–021, if
approved, or December 31, 2023. FINRA will
submit a separate rule filing if it seeks to extend the
duration of the temporary proposed rule beyond
December 31, 2023.
5 SEC staff and FINRA have stated in guidance
that inspections must include a physical, on-site
review component. See SEC National Examination
Risk Alert, Volume I, Issue 2 (November 30, 2011)
and Regulatory Notice 11–54 (November 2011)
(joint SEC and FINRA guidance stating, a ‘‘brokerdealer must conduct on-site inspections of each of
its office locations; [OSJs] and non-OSJ branches
that supervise non-branch locations at least
annually, all non-supervising branch offices at least
every three years; and non-branch offices
periodically.’’) (footnote defining an OSJ omitted).
See also SEC Division of Market Regulation, Staff
Legal Bulletin No. 17: Remote Office Supervision
(March 19, 2004) (stating, in part, that brokerdealers that conduct business through
geographically dispersed offices have not
adequately discharged their supervisory obligations
where there are no on-site routine or ‘‘for cause’’
inspections of those offices).
4 See
PO 00000
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67969
3000. SUPERVISION AND
RESPONSIBILITES RELATING TO
ASSOCIATED PERSONS
3100. SUPERVISORY
RESPONSIBILITIES
3110. Supervision
(a) through (f) No Change.
• • • Supplementary Material: ------------.01 through .16 No Change.
.17 Temporary Relief to Allow
Remote Inspections for Calendar Years
2020, [and] 2021, 2022, and [Through
December 31 of Calendar Year
2022]2023.
(a) Use of Remote Inspections. Each
member obligated to conduct an
inspection of an office of supervisory
jurisdiction, branch office or non-branch
location in the calendar years [2020,
2021 and 2022]specified in this
supplementary material pursuant to, as
applicable, paragraphs (c)(1)(A), (B) and
(C) under Rule 3110 may, subject to the
requirements of this Rule 3110.17,
satisfy such obligation by conducting
the applicable inspection remotely,
without an on-site visit to the office or
location. In accordance with Rule
3110.16, inspections for calendar year
2020 must be completed on or before
March 31, 2021. [and] [i]Inspections for
calendar year 2021 must be completed
on or before December 31, 2021 and
inspections for calendar year 2022 must
be completed on or before December 31,
2022. With respect to a member’s
obligation to conduct an inspection of
an office or location in calendar year
[2022]2023, a member has the option to
conduct those inspections remotely
through the earlier of the effective date
of the pilot program proposed in File
No. SR–FINRA–2022–021, if approved,
or December 31, [2022]2023.
Notwithstanding Rule 3110.17, a
member shall remain subject to the
other requirements of Rule 3110(c).
(b) Written Supervisory Procedures
for Remote Inspections. Consistent with
a member’s obligation under Rule
3110(b)(1), a member that elects to
conduct its inspections remotely for any
of the calendar years specified in this
supplementary material must amend or
supplement its written supervisory
procedures to provide for remote
inspections that are reasonably designed
to assist in detecting and preventing
violations of and achieving compliance
with applicable securities laws and
regulations, and with applicable FINRA
rules. Reasonably designed procedures
for conducting remote inspections of
offices or locations should include,
among other things: (1) a description of
the methodology, including
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]]>Agencies
[Federal Register Volume 87, Number 217 (Thursday, November 10, 2022)]
[Notices]
[Page 67969]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-24491]
[[Page 67969]]
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POSTAL SERVICE
Product Change--Priority Mail and 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: November 10, 2022.
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
November 1, 2022, it filed with the Postal Regulatory Commission a USPS
Request to Add Priority Mail & First-Class Package Service Contract 224
to Competitive Product List. Documents are available at www.prc.gov,
Docket Nos. MC2023-31, CP2023-30.
Sarah Sullivan,
Attorney, Ethics & Legal Compliance.
[FR Doc. 2022-24491 Filed 11-9-22; 8:45 am]
BILLING CODE 7710-12-P
