81 FR 15761 - Market Test of Experimental Product: Global eCommerce Marketplace (GeM) Merchant Solution

POSTAL SERVICE

Federal Register Volume 81, Issue 57 (March 24, 2016)

Page Range		15761-15761
FR Document		2016-06623

The Postal Service gives notice of a market test of an experimental product in accordance with statutory requirements.

Federal Register, Volume 81 Issue 57 (Thursday, March 24, 2016)

[Federal Register Volume 81, Number 57 (Thursday, March 24, 2016)]
[Notices]
[Page 15761]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-06623]


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POSTAL SERVICE


Market Test of Experimental Product: Global eCommerce Marketplace 
(GeM) Merchant Solution

AGENCY: Postal Service^TM.

ACTION: Notice.

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SUMMARY: The Postal Service gives notice of a market test of an 
experimental product in accordance with statutory requirements.

DATES: March 24, 2016.

FOR FURTHER INFORMATION CONTACT: Kyle Coppin, 202-268-2368.

SUPPLEMENTARY INFORMATION: The United States Postal Service[supreg] 
hereby gives notice pursuant to 39 U.S.C. 3641(c)(1) that it will begin 
a market test of its Global eCommerce Marketplace (GeM) Merchant 
Solution experimental product on or after April 30, 2016. The Postal 
Service has filed with the Postal Regulatory Commission a notice 
setting out the basis for the Postal Service's determination that the 
market test is covered by 39 U.S.C. 3641 and describing the nature and 
scope of the market test. Documents are available at www.prc.gov, 
Docket No. MT2016-1.

Stanley F. Mires,
Attorney, Legal Policy & Legislative Advice.
[FR Doc. 2016-06623 Filed 3-23-16; 8:45 am]
 BILLING CODE 7710-12-P

Federal Register / Vol. 81, No. 57 / Thursday, March 24, 2016 / Notices 15761

quarterly basis. Id. at 8; see 39 CFR related financial information remain Regulatory Commission a notice setting
3035.20. under seal. Id. Attachment 1. out the basis for the Postal Service’s
determination that the market test is
5. Statutory Authority IV. Notice of Commission Action
covered by 39 U.S.C. 3641 and
The Postal Service asserts that the The Commission establishes Docket describing the nature and scope of the
proposed GeM Merchant market test No. MT2016–1 to consider matters market test. Documents are available at
satisfies the conditions on market tests raised by the Notice. The Commission www.prc.gov, Docket No. MT2016–1.
of experimental products. Notice at 3; invites comments on whether the Postal
Service’s filing is consistent with the Stanley F. Mires,
see 39 U.S.C. 3641(b). The Postal
requirements of 39 U.S.C. 3641 and 39 Attorney, Legal Policy & Legislative Advice.
Service submits that GeM Merchant is
significantly different from all products CFR part 3035. Comments are due no [FR Doc. 2016–06623 Filed 3–23–16; 8:45 am]
offered within the past 2 years. Notice later than April 11, 2016. The public BILLING CODE 7710–12–P
at 3; see 39 U.S.C. 3641(b)(1). The Postal portions of these filings can be accessed
Service states that GeM Merchant would via the Commission’s Web site (http://
offer a new feature: the ability for a www.prc.gov). SECURITIES AND EXCHANGE
consumer to prepay estimated foreign The Commission appoints James COMMISSION
duties and taxes at the time of purchase. Waclawski to serve as an officer of the
Commission to represent the interests of [Release No. 34–77402; File No. SR–Phlx–
Notice at 4. 2016–21]
The Postal Service does not expect the general public in these proceedings
GeM Merchant to create an ‘‘unfair or (Public Representative). Self-Regulatory Organizations;
otherwise inappropriate competitive V. Ordering Paragraphs NASDAQ PHLX LLC; Notice of Filing
advantage for the Postal Service or any and Immediate Effectiveness of
mailer, with regard to any other party It is ordered: Proposed Rule Change To Amend
(including small businesses).’’ Id. at 5 1. The Commission establishes Docket
Rebates and Fees for Adding and
(quoting 39 U.S.C. 3641(b)(2)); see 39 No. MT2016–1 to consider the matters
Removing Liquidity in SPY
U.S.C. 3641(b)(2). The Postal Service raised by the Notice.
2. Pursuant to 39 U.S.C. 505, James DATE: March 18, 2016.
states that at least four companies
Waclawski is appointed to serve as an
presently offer similar services, Pursuant to Section 19(b)(1) of the
officer of the Commission to represent
including one small business, which the Securities Exchange Act of 1934
the interests of the general public in
Postal Service has contracted with. (‘‘Act’’),1 and Rule 19b–4 thereunder,2
these proceedings (Public
Notice at 5. Furthermore, the Postal notice is hereby given that on March 10,
Representative).
Service represents that the proposed 2016, NASDAQ PHLX LLC
3. Comments are due no later than
GeM Merchant market test would not (‘‘Exchange’’) filed with the Securities
April 11, 2016.
directly compete with small businesses and Exchange Commission (‘‘SEC’’ or
4. The Secretary shall arrange for
offering niche regional and freight- ‘‘Commission’’) the proposed rule
publication of this order in the Federal
forwarding services because those small change as described in Items I, II, and
Register.
businesses serve a different market than III, below, which Items have been
the end-to-end GeM Merchant product. By the Commission. prepared by the Exchange. The
Id. Stacy L. Ruble, Commission is publishing this notice to
The Postal Service classifies GeM Secretary. solicit comments on the proposed rule
Merchant as a competitive product, [FR Doc. 2016–06616 Filed 3–23–16; 8:45 am] change from interested persons.
asserting that GeM Merchant is designed BILLING CODE 7710–FW–P
for international packages and are I. Self-Regulatory Organization’s
unlikely to contain any letters, and thus, Statement of the Terms of Substance of
do not fall under the Private Express the Proposed Rule Change
POSTAL SERVICE
Statutes. Id. at 6; see 39 U.S.C. The Exchange proposes to amend the
3641(b)(3). The Postal Service asserts Market Test of Experimental Product: Phlx Pricing Schedule at Section I,
that it faces significant competition in Global eCommerce Marketplace (GeM) entitled ‘‘Rebates and Fees for Adding
the outbound international package Merchant Solution and Removing Liquidity in SPY,’’
delivery marketplace, including major specifically related to PIXL 3 executions
competitors with products for AGENCY: Postal ServiceTM. in options overlying SPY.4
facilitating outbound international ACTION: Notice. The text of the proposed rule change
shipments with duties and taxes paid at is available on the Exchange’s Web site
SUMMARY: The Postal Service gives
the time of purchase. Notice at 6.
notice of a market test of an 1 15 U.S.C. 78s(b)(1).
III. Contents of Filing experimental product in accordance 2 17 CFR 240.19b–4.
with statutory requirements. 3 PIXLSM is the Exchange’s price improvement
To support its Notice, the Postal
Service filed its proposed changes to the DATES: March 24, 2016. mechanism known as Price Improvement XL or
PIXL. A member may electronically submit for
Mail Classification Schedule, as well as FOR FURTHER INFORMATION CONTACT: Kyle execution an order it represents as agent on behalf
redacted versions of the GeM Merchant Coppin, 202–268–2368. of a public customer, broker-dealer, or any other
asabaliauskas on DSK3SPTVN1PROD with NOTICES

model contract, GeM Merchant price SUPPLEMENTARY INFORMATION: The entity (‘‘PIXL Order’’) against principal interest or
against any other order (except as provided in Rule
ranges summary, and supporting United States Postal Service® hereby 1080(n)(i)(E)) it represents as agent (‘‘Initiating
financial workpapers. The Postal gives notice pursuant to 39 U.S.C. Order’’), provided it submits the PIXL order for
Service also submitted an application 3641(c)(1) that it will begin a market test electronic execution into the PIXL Auction
for non-public treatment of materials of its Global eCommerce Marketplace pursuant to Rule 1080. See Exchange Rule 1080(n).
4 Options overlying Standard and Poor’s
requesting that unredacted versions of (GeM) Merchant Solution experimental Depositary Receipts/SPDRs (‘‘SPY’’) are based on
the GeM Merchant model contract, GeM product on or after April 30, 2016. The the SPDR exchange-traded fund, which is designed
Merchant price ranges summary, and Postal Service has filed with the Postal to track the performance of the S&P 500 Index.

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Document Created: 2016-03-24 00:57:13
Document Modified: 2016-03-24 00:57:13

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
Action		Notice.
Dates		March 24, 2016.
Contact		Kyle Coppin, 202-268-2368.
FR Citation		81 FR 15761