Addition of New Market Dominant Product: “Connect Local Mail”, 84405-84406 [2024-24398]
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ddrumheller on DSK120RN23PROD with NOTICES1
Federal Register / Vol. 89, No. 204 / Tuesday, October 22, 2024 / Notices
8. Docket No(s).: MC2025–85 and
K2025–83; Filing Title: USPS Request to
Add Priority Mail Express, Priority Mail
& USPS Ground Advantage Contract 481
to the Competitive Product List and
Notice of Filing Materials Under Seal;
Filing Acceptance Date: October 15,
2024; Filing Authority: 39 U.S.C. 3642,
39 CFR 3035.105, and 39 CFR 3041.310;
Public Representative: Gregory S.
Stanton; Comments Due: October 23,
2024.
9. Docket No(s).: MC2025–86 and
K2025–84; Filing Title: USPS Request to
Add Priority Mail Express, Priority Mail
& USPS Ground Advantage Contract 482
to the Competitive Product List and
Notice of Filing Materials Under Seal;
Filing Acceptance Date: October 15,
2024; Filing Authority: 39 U.S.C. 3642,
39 CFR 3035.105, and 39 CFR 3041.310;
Public Representative: Gregory S.
Stanton; Comments Due: October 23,
2024.
10. Docket No(s).: MC2025–87 and
K2025–85; Filing Title: USPS Request to
Add Priority Mail Express, Priority Mail
& USPS Ground Advantage Contract 483
to the Competitive Product List and
Notice of Filing Materials Under Seal;
Filing Acceptance Date: October 15,
2024; Filing Authority: 39 U.S.C. 3642,
39 CFR 3035.105, and 39 CFR 3041.310;
Public Representative: Almaroof Agoro;
Comments Due: October 23, 2024.
11. Docket No(s).: MC2025–88 and
K2025–86; Filing Title: USPS Request to
Add Priority Mail Express, Priority Mail
& USPS Ground Advantage Contract 484
to the Competitive Product List and
Notice of Filing Materials Under Seal;
Filing Acceptance Date: October 15,
2024; Filing Authority: 39 U.S.C. 3642,
39 CFR 3035.105, and 39 CFR 3041.310;
Public Representative: Almaroof Agoro;
Comments Due: October 23, 2024.
12. Docket No(s).: MC2025–89 and
K2025–87; Filing Title: USPS Request to
Add Priority Mail & USPS Ground
Advantage Contract 390 to the
Competitive Product List and Notice of
Filing Materials Under Seal; Filing
Acceptance Date: October 15, 2024;
Filing Authority: 39 U.S.C. 3642, 39 CFR
3035.105, and 39 CFR 3041.310; Public
Representative: Almaroof Agoro;
Comments Due: October 23, 2024.
13. Docket No(s).: MC2025–90 and
K2025–88; Filing Title: USPS Request to
Add Priority Mail & USPS Ground
Advantage Contract 391 to the
Competitive Product List and Notice of
Filing Materials Under Seal; Filing
Acceptance Date: October 15, 2024;
Filing Authority: 39 U.S.C. 3642, 39 CFR
3035.105, and 39 CFR 3041.310; Public
Representative: Christopher C. Mohr;
Comments Due: October 23, 2024.
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17:10 Oct 21, 2024
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14. Docket No(s).: MC2025–91 and
K2025–89; Filing Title: USPS Request to
Add Priority Mail Express, Priority Mail
& USPS Ground Advantage Contract 485
to the Competitive Product List and
Notice of Filing Materials Under Seal;
Filing Acceptance Date: October 15,
2024; Filing Authority: 39 U.S.C. 3642,
39 CFR 3035.105, and 39 CFR 3041.310;
Public Representative: Arif Hafiz;
Comments Due: October 23, 2024.
15. Docket No(s).: MC2025–92 and
K2025–90; Filing Title: USPS Request to
Add Priority Mail & USPS Ground
Advantage Contract 392 to the
Competitive Product List and Notice of
Filing Materials Under Seal; Filing
Acceptance Date: October 15, 2024;
Filing Authority: 39 U.S.C. 3642, 39 CFR
3035.105, and 39 CFR 3041.310; Public
Representative: Arif Hafiz; Comments
Due: October 23, 2024.
16. Docket No(s).: MC2025–93 and
K2025–91; Filing Title: USPS Request to
Add Priority Mail & USPS Ground
Advantage Contract 393 to the
Competitive Product List and Notice of
Filing Materials Under Seal; Filing
Acceptance Date: October 15, 2024;
Filing Authority: 39 U.S.C. 3642, 39 CFR
3035.105, and 39 CFR 3041.310; Public
Representative: Maxine Bradley;
Comments Due: October 23, 2024.
17. Docket No(s).: MC2025–94 and
K2025–91; Filing Title: USPS Request to
Add Priority Mail Express, Priority Mail
& USPS Ground Advantage Contract 486
to the Competitive Product List and
Notice of Filing Materials Under Seal;
Filing Acceptance Date: October 15,
2024; Filing Authority: 39 U.S.C. 3642,
39 CFR 3035.105, and 39 CFR 3041.310;
Public Representative: Maxine Bradley;
Comments Due: October 23, 2024.
III. Summary Proceeding(s)
None. See Section II for public
proceedings.
This Notice will be published in the
Federal Register.
Erica A. Barker,
Secretary.
[FR Doc. 2024–24354 Filed 10–21–24; 8:45 am]
BILLING CODE 7710–FW–P
POSTAL SERVICE
Addition of New Market Dominant
Product: ‘‘Connect Local Mail’’
Postal ServiceTM.
Notice of request to convert
experimental product to a permanent
offering.
AGENCY:
ACTION:
The Postal Service gives
notice its request to convert an
SUMMARY:
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84405
experimental product to a permanent
offering in accordance with statutory
requirements.
DATES: October 22, 2024.
FOR FURTHER INFORMATION CONTACT:
Sean C. Robinson, 202–268–8405.
SUPPLEMENTARY INFORMATION: The
United States Postal Service hereby
gives notice pursuant to 39 U.S.C.
3642(d)(1) that it plans to add a new
product to the market dominant product
list based on the experimental product
‘‘Connect Local Mail’’ on January 1,
2025. On October 3, 2024, the Postal
Service filed with the Postal Regulatory
Commission a request setting out the
basis for the Postal Service’s
determination that the new product
meets the criteria established under 39
U.S.C. 3642(b), as discussed below.
Documents are available at
www.prc.gov, Docket No. MC2025–19.
Connect Local Mail is properly
classified as a market dominant price
category under chapter 36 of title 39 of
the United States Code and is consistent
with the applicable criteria of the
chapter. Firms offering products similar
to Connect Local Mail are sufficiently
distinguishable that the Postal Service
believes Connect Local Mail operates
largely in a distinct market unto itself.
Moreover, Connect Local Mail is
currently subject to the letter monopoly,
and hence must be categorized as
market dominant for that reason.
Connect Local Mail is designed for the
local delivery of documents, fitting into
the definition of ‘‘letter’’ under 39 CFR
310.1 as a ‘‘message directed to a
specific person or address and recorded
in or on a tangible object.’’ A private
express established for the conveyance
of such documents for compensation at
the established price point would be
prohibited under 18 U.S.C. 1696(a).
Therefore, Connect Local Mail, like the
other price categories under First-Class
Mail, is covered by the postal monopoly
reserved to the Postal Service under 18
U.S.C. 1696.
The Postal Service views potential
substitutes for Connect Local Mail to be
local couriers and messengers delivering
documents, overnight and/or 2-day
delivery services offered by large
national competitors, and smaller
companies that deliver documents on an
expedited basis. Connect Local Mail
will not create an unfair or
inappropriate advantage for the Postal
Service compared to other small
businesses in this space, such as local
courier services. Local courier services
typically build in pick-up on demand
services, which justify a higher price
and differentiate their services from
Connect Local Mail. Connect Local Mail
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84406
Federal Register / Vol. 89, No. 204 / Tuesday, October 22, 2024 / Notices
is in line-of-travel for pick-up and dropoff; there is no direct end-to-end
transport offered by Connect Local Mail,
and it is therefore not as responsive or
customizable as a local courier service.
In many ways, Connect Local Mail also
offers same-day delivery on a more
limited basis than a local courier
service. It is better suited to businesses
who regularly schedule local deliveries
(such as mailing bills to their
customers), allowing them to plan to
meet the requirements for Connect Local
Mail (e.g., drop-off at a designated entry
unit by the Critical Entry Time, mail
prepared in time for carrier pick-up in
their line-of-travel). It is not as well
suited to the type of ad hoc document
delivery that courier services specialize
in.
Sean C. Robinson,
Attorney, Corporate and Postal Business Law.
[FR Doc. 2024–24398 Filed 10–21–24; 8:45 am]
BILLING CODE 7710–12–P
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.6
Sherry R. Haywood,
Assistant Secretary.
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–101360; File No. SR–
NYSEARCA–2024–70]
[FR Doc. 2024–24364 Filed 10–21–24; 8:45 am]
Self-Regulatory Organizations; NYSE
Arca, Inc.; Notice of Designation of a
Longer Period for Commission Action
on a Proposed Rule Change To List
and Trade Shares of the COtwo
Advisors Physical European Carbon
Allowance Trust Under NYSE Arca
Rule 8.201–E (Commodity-Based Trust
Shares)
October 16, 2024.
ddrumheller on DSK120RN23PROD with NOTICES1
reasons for so finding, or as to which the
self-regulatory organization consents,
the Commission shall either approve the
proposed rule change, disapprove the
proposed rule change, or institute
proceedings to determine whether the
proposed rule change should be
disapproved. The 45th day after
publication of the notice for this
proposed rule change is October 20,
2024. The Commission is extending this
45-day time period.
The Commission finds it appropriate
to designate a longer period within
which to take action on the proposed
rule change so that it has sufficient time
to consider the proposed rule change.
Accordingly, the Commission, pursuant
to Section 19(b)(2) of the Act,5
designates December 4, 2024 as the date
by which the Commission shall either
approve or disapprove, or institute
proceedings to determine whether to
disapprove, the proposed rule change
(File No. SR–NYSEARCA–2024–70).
On August 19, 2024, NYSE Arca, Inc.
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 of the
COtwo Advisors Physical European
Carbon Allowance Trust. The proposed
rule change was published for comment
in the Federal Register on September 5,
2024.3 The Commission has received no
comments on the proposed rule change.
Section 19(b)(2) of the Act 4 provides
that within 45 days of the publication of
notice of the filing of a proposed rule
change, or within such longer period up
to 90 days as the Commission may
designate if it finds such longer period
to be appropriate and publishes its
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–101358; File No. SR–
PEARL–2024–47]
Self-Regulatory Organizations; MIAX
PEARL, LLC; Notice of Filing and
Immediate Effectiveness of a Proposed
Rule Change To Adopt Both an Early
and Late Trading Session on its Equity
Trading Platform
October 16, 2024.
Pursuant to Section 19(b)(1) 1 of the
Securities Exchange Act of 1934
(‘‘Act’’),2 and Rule 19b–4 thereunder,3
notice is hereby given that on October
3, 2024, MIAX PEARL, LLC (‘‘MIAX
Pearl’’ or ‘‘Exchange’’) filed with the
Securities and Exchange Commission
(‘‘Commission’’) the proposed rule
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 15
5 Id.
2 17
6 17
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 See Securities Exchange Act Release No. 100877
(Aug. 29, 2024), 89 FR 72524.
4 15 U.S.C. 78s(b)(2).
VerDate Sep<11>2014
17:10 Oct 21, 2024
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CFR 200.30–3(a)(31).
U.S.C. 78s(b)(1).
2 15 U.S.C. 78a.
3 17 CFR 240.19b–4.
1 15
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I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The Exchange proposes to adopt both
an early and late trading session on its
equity trading platform (referred to
herein as ‘‘MIAX Pearl Equities’’).
The text of the proposed rule change
is available on the Exchange’s website at
https://www.miaxglobal.com/markets/
us-equities/pearl-equities/rule-filings, at
MIAX Pearl’s principal office, 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
1. Purpose
The Exchange currently operates one
trading session which operates during
Regular Trading Hours, i.e., 9:30 a.m.
until 4:00 p.m. Eastern Time.4 Exchange
Rule 2600(a) provides that Equity
Members 5 may enter orders into the
System 6 from 7:30 a.m. until 4:00 p.m.
Eastern Time (or such earlier time as
may be designated by the Exchange on
a day when MIAX Pearl Equities closes
early). Exchange Rule 2600(a) further
provides that orders entered between
7:30 a.m. and 9:30 a.m. Eastern Time are
not eligible for execution until the start
of Regular Trading Hours.
The Exchange now proposes to
expand its hours of operations by
adopting both an Early and Late Trading
Session. The proposed Early Trading
Session would operate from 4:00 a.m.
until 9:30 a.m. Eastern Time. Then the
existing Regular Trading Hours 7 would
follow, which currently operates from
4 The term ‘‘Regular Trading Hours’’ means the
time between 9:30 a.m. and 4:00 p.m. Eastern Time.
See Exchange Rule 1901.
5 The term ‘‘Equity Member’’ is a Member
authorized by the Exchange to transact business on
MIAX Pearl Equities. See id.
6 The term ‘‘System’’ means the automated
trading system used by the Exchange for the trading
of securities. See Exchange Rule 100.
7 See Exchange Rule 1901.
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]]>Agencies
[Federal Register Volume 89, Number 204 (Tuesday, October 22, 2024)]
[Notices]
[Pages 84405-84406]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-24398]
=======================================================================
-----------------------------------------------------------------------
POSTAL SERVICE
Addition of New Market Dominant Product: ``Connect Local Mail''
AGENCY: Postal ServiceTM.
ACTION: Notice of request to convert experimental product to a
permanent offering.
-----------------------------------------------------------------------
SUMMARY: The Postal Service gives notice its request to convert an
experimental product to a permanent offering in accordance with
statutory requirements.
DATES: October 22, 2024.
FOR FURTHER INFORMATION CONTACT: Sean C. Robinson, 202-268-8405.
SUPPLEMENTARY INFORMATION: The United States Postal Service hereby
gives notice pursuant to 39 U.S.C. 3642(d)(1) that it plans to add a
new product to the market dominant product list based on the
experimental product ``Connect Local Mail'' on January 1, 2025. On
October 3, 2024, the Postal Service filed with the Postal Regulatory
Commission a request setting out the basis for the Postal Service's
determination that the new product meets the criteria established under
39 U.S.C. 3642(b), as discussed below. Documents are available at
www.prc.gov, Docket No. MC2025-19.
Connect Local Mail is properly classified as a market dominant
price category under chapter 36 of title 39 of the United States Code
and is consistent with the applicable criteria of the chapter. Firms
offering products similar to Connect Local Mail are sufficiently
distinguishable that the Postal Service believes Connect Local Mail
operates largely in a distinct market unto itself. Moreover, Connect
Local Mail is currently subject to the letter monopoly, and hence must
be categorized as market dominant for that reason.
Connect Local Mail is designed for the local delivery of documents,
fitting into the definition of ``letter'' under 39 CFR 310.1 as a
``message directed to a specific person or address and recorded in or
on a tangible object.'' A private express established for the
conveyance of such documents for compensation at the established price
point would be prohibited under 18 U.S.C. 1696(a). Therefore, Connect
Local Mail, like the other price categories under First-Class Mail, is
covered by the postal monopoly reserved to the Postal Service under 18
U.S.C. 1696.
The Postal Service views potential substitutes for Connect Local
Mail to be local couriers and messengers delivering documents,
overnight and/or 2-day delivery services offered by large national
competitors, and smaller companies that deliver documents on an
expedited basis. Connect Local Mail will not create an unfair or
inappropriate advantage for the Postal Service compared to other small
businesses in this space, such as local courier services. Local courier
services typically build in pick-up on demand services, which justify a
higher price and differentiate their services from Connect Local Mail.
Connect Local Mail
[[Page 84406]]
is in line-of-travel for pick-up and drop-off; there is no direct end-
to-end transport offered by Connect Local Mail, and it is therefore not
as responsive or customizable as a local courier service. In many ways,
Connect Local Mail also offers same-day delivery on a more limited
basis than a local courier service. It is better suited to businesses
who regularly schedule local deliveries (such as mailing bills to their
customers), allowing them to plan to meet the requirements for Connect
Local Mail (e.g., drop-off at a designated entry unit by the Critical
Entry Time, mail prepared in time for carrier pick-up in their line-of-
travel). It is not as well suited to the type of ad hoc document
delivery that courier services specialize in.
Sean C. Robinson,
Attorney, Corporate and Postal Business Law.
[FR Doc. 2024-24398 Filed 10-21-24; 8:45 am]
BILLING CODE 7710-12-P
