New Postal Products, 19994-19995 [2023-06933]
Download as PDF
19994
Federal Register / Vol. 88, No. 64 / Tuesday, April 4, 2023 / Notices
invites public comment, and takes other
administrative steps.
DATES: Comments are due: April 5,
2023.
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.
ADDRESSES:
FOR FURTHER INFORMATION CONTACT:
David A. Trissell, General Counsel, at
202–789–6820.
SUPPLEMENTARY INFORMATION:
Table of Contents
I. Introduction
II. Docketed Proceeding(s)
ddrumheller on DSK120RN23PROD with NOTICES1
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
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).
VerDate Sep<11>2014
19:41 Apr 03, 2023
Jkt 259001
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
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).: MC2023–126 and
CP2023–129; Filing Title: USPS Request
to Add Priority Mail Express, Priority
Mail, First-Class Package Service &
Parcel Select Contract 108 to
Competitive Product List and Notice of
Filing Materials Under Seal; Filing
Acceptance Date: March 28, 2023; Filing
Authority: 39 U.S.C. 3642, 39 CFR
3040.130 through 3040.135, and 39 CFR
3035.105; Public Representative:
Jennaca D. Upperman; Comments Due:
April 5, 2023.
2. Docket No(s).: MC2023–127 and
CP2023–130; Filing Title: USPS Request
to Add Priority Mail Express, Priority
Mail, First-Class Package Service &
Parcel Select Contract 109 to
Competitive Product List and Notice of
Filing Materials Under Seal; Filing
Acceptance Date: March 28, 2023; Filing
Authority: 39 U.S.C. 3642, 39 CFR
3040.130 through 3040.135, and 39 CFR
3035.105; Public Representative:
Kenneth R. Moeller; Comments Due:
April 5, 2023.
This Notice will be published in the
Federal Register.
Erica A. Barker,
Secretary.
[FR Doc. 2023–06841 Filed 4–3–23; 8:45 am]
BILLING CODE 7710–FW–P
POSTAL REGULATORY COMMISSION
[Docket Nos. MC2023–128 and CP2023–131]
New Postal Products
Postal Regulatory Commission.
Notice.
AGENCY:
ACTION:
The Commission is noticing a
recent Postal Service filing for the
Commission’s consideration concerning
a negotiated service agreement. This
notice informs the public of the filing,
invites public comment, and takes other
administrative steps.
DATES: Comments are due: April 6,
2023.
ADDRESSES: Submit comments
electronically via the Commission’s
Filing Online system at https://
www.prc.gov. Those who cannot submit
SUMMARY:
PO 00000
Frm 00092
Fmt 4703
Sfmt 4703
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
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
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
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\04APN1.SGM
04APN1
Federal Register / Vol. 88, No. 64 / Tuesday, April 4, 2023 / Notices
deadline(s) for each request appear in
section II.
II. Docketed Proceeding(s)
1. Docket No(s).: MC2023–128 and
CP2023–131; Filing Title: USPS Request
to Add Priority Mail Express, Priority
Mail, First-Class Package Service &
Parcel Select Contract 110 to
Competitive Product List and Notice of
Filing Materials Under Seal; Filing
Acceptance Date: March 29, 2023; Filing
Authority: 39 U.S.C. 3642, 39 CFR
3040.130 through 3040.135, and 39 CFR
3035.105; Public Representative:
Kenneth R. Moeller; Comments Due:
April 6, 2023.
This Notice will be published in the
Federal Register.
Erica A. Barker,
Secretary.
BILLING CODE 7710–FW–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–97220; File No. SR–
NYSEARCA–2023–27]
Self-Regulatory Organizations; NYSE
Arca, Inc.; Notice of Filing and
Immediate Effectiveness of Proposed
Rule Change To List and Trade Shares
of SGI U.S. Large Cap Core ETF
March 29, 2023.
Pursuant to section 19(b)(1) of the
Securities Exchange Act of 1934 (the
‘‘Act’’),1 and Rule 19b–4 thereunder,2
notice is hereby given that on March 24,
2023, NYSE Arca, Inc. (‘‘NYSE Arca’’ 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.
ddrumheller on DSK120RN23PROD with NOTICES1
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The Exchange proposes to list and
trade shares of the following under
NYSE Arca Rule 8.601–E: SGI U.S.
Large Cap Core ETF. The proposed rule
change is available on the Exchange’s
website at www.nyse.com, at the
principal office of the Exchange, and at
the Commission’s Public Reference
Room.
2 17
U.S.C. 78s(b)(1).
CFR 240.19b–4.
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19:41 Apr 03, 2023
Jkt 259001
A. Self-Regulatory Organization’s
Statement of the Purpose of, and the
Statutory Basis for, the Proposed Rule
Change
1. Purpose
The Exchange has adopted 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.3
Commentary .01 to Rule 8.601–E
[FR Doc. 2023–06933 Filed 4–3–23; 8:45 am]
1 15
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
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.
3 See Securities Exchange Act Release No. 89185
(June 29, 2020), 85 FR 40328 (July 6, 2020) (SR–
NYSEArca–2019–95). 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 or Custom Basket,
as applicable, 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 request in
return for the Proxy Portfolio or Custom Basket, as
applicable, and/or cash to the holder by the issuer
with a value equal to the next determined NAV; and
(d) the portfolio holdings for which are disclosed
within at least 60 days following the end of every
fiscal quarter.’’ Rule 8.601–E(c)(2) provides that
‘‘[t]he term ‘‘Actual Portfolio’’ means the identities
and quantities of the securities and other assets
held by the Investment Company that shall form the
basis for the Investment Company’s calculation of
NAV at the end of the business day.’’ Rule 8.601–
E(c)(3) provides that ‘‘[t]he term ‘‘Proxy Portfolio’’
means a specified portfolio of securities, other
financial instruments and/or cash designed to track
closely the daily performance of the Actual
Portfolio of a series of Active Proxy Portfolio Shares
as provided in the exemptive relief pursuant to the
Investment Company Act of 1940 applicable to such
series.’’ Rule 8.601–E(c)(4) provides that the term
‘‘Custom Basket’’ means a portfolio of securities
that is different from the Proxy Portfolio and is
otherwise consistent with the exemptive relief
issued pursuant to the Investment Company Act of
1940 applicable to a series of Active Proxy Portfolio
Shares.
PO 00000
Frm 00093
Fmt 4703
Sfmt 4703
19995
requires the Exchange to file separate
proposals under section 19(b) of the Act
before listing and trading any series of
Active Proxy Portfolio Shares on the
Exchange. Therefore, the Exchange is
submitting this proposal in order to list
and trade shares (‘‘Shares’’) of Active
Proxy Portfolio Shares of the SGI U.S.
Large Cap Core ETF (the ‘‘Fund’’) under
Rule 8.601–E.
Key Features of Active Proxy Portfolio
Shares
While funds issuing Active Proxy
Portfolio Shares will be activelymanaged and, to that extent, will be
similar to Managed Fund Shares, Active
Proxy Portfolio Shares differ from
Managed Fund Shares in the following
important respects. First, in contrast to
Managed Fund Shares, which are
actively-managed funds listed and
traded under NYSE Arca Rule 8.600–E 4
and for which a ‘‘Disclosed Portfolio’’ is
required to be disseminated at least
once daily,5 the portfolio for an issue of
Active Proxy Portfolio Shares will be
publicly disclosed within at least 60
days following the end of every fiscal
quarter in accordance with normal
disclosure requirements otherwise
applicable to open-end management
investment companies registered under
the Investment Company Act of 1940
(the ‘‘1940 Act’’).6 The composition of
4 The Commission has previously approved
listing and trading on the Exchange of a number of
issues of Managed Fund Shares under NYSE Arca
Rule 8.600–E. See, e.g., Securities Exchange Act
Release Nos. 57801 (May 8, 2008), 73 FR 27878
(May 14, 2008) (SR–NYSEArca–2008–31) (order
approving Exchange listing and trading of twelve
actively-managed funds of the WisdomTree Trust);
60460 (August 7, 2009), 74 FR 41468 (August 17,
2009) (SR–NYSEArca–2009–55) (order approving
listing of Dent Tactical ETF); 63076 (October 12,
2010), 75 FR 63874 (October 18, 2010) (SR–
NYSEArca–2010–79) (order approving Exchange
listing and trading of Cambria Global Tactical ETF);
63802 (January 31, 2011), 76 FR 6503 (February 4,
2011) (SR–NYSEArca–2010–118) (order approving
Exchange listing and trading of the SiM Dynamic
Allocation Diversified Income ETF and SiM
Dynamic Allocation Growth Income ETF). The
Commission also has approved a proposed rule
change relating to generic listing standards for
Managed Fund Shares. See Securities Exchange Act
Release No. 78397 (July 22, 2016), 81 FR 49320
(July 27, 2016) (SR–NYSEArca–2015–110)
(amending NYSE Arca Equities Rule 8.600 to adopt
generic listing standards for Managed Fund Shares).
5 NYSE Arca Rule 8.600–E(c)(2) defines the term
‘‘Disclosed Portfolio’’ as the identities and
quantities of the securities and other assets held by
the Investment Company that will form the basis for
the Investment Company’s calculation of net asset
value at the end of the business day. NYSE Arca
Rule 8.600–E(d)(2)(B)(i) requires that the Disclosed
Portfolio will be disseminated at least once daily
and will be made available to all market
participants at the same time.
6 A mutual fund is required to file with the
Commission its complete portfolio schedules for the
second and fourth fiscal quarters on Form N–CSR
E:\FR\FM\04APN1.SGM
Continued
04APN1
Agencies
[Federal Register Volume 88, Number 64 (Tuesday, April 4, 2023)]
[Notices]
[Pages 19994-19995]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-06933]
-----------------------------------------------------------------------
POSTAL REGULATORY COMMISSION
[Docket Nos. MC2023-128 and CP2023-131]
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 a negotiated service
agreement. This notice informs the public of the filing, invites public
comment, and takes other administrative steps.
DATES: Comments are due: April 6, 2023.
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 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
[[Page 19995]]
deadline(s) for each request appear in section II.
II. Docketed Proceeding(s)
1. Docket No(s).: MC2023-128 and CP2023-131; Filing Title: USPS
Request to Add Priority Mail Express, Priority Mail, First-Class
Package Service & Parcel Select Contract 110 to Competitive Product
List and Notice of Filing Materials Under Seal; Filing Acceptance Date:
March 29, 2023; Filing Authority: 39 U.S.C. 3642, 39 CFR 3040.130
through 3040.135, and 39 CFR 3035.105; Public Representative: Kenneth
R. Moeller; Comments Due: April 6, 2023.
This Notice will be published in the Federal Register.
Erica A. Barker,
Secretary.
[FR Doc. 2023-06933 Filed 4-3-23; 8:45 am]
BILLING CODE 7710-FW-P