81 FR 33560 - Mail Classification Schedule Changes Pertaining to Priority Mail International Flat Rate Envelopes and Priority Mail International Small Flat Rate Boxes

POSTAL SERVICE

Federal Register Volume 81, Issue 102 (May 26, 2016)

Page Range		33560-33561
FR Document		2016-12400

The Postal Service has filed a notice with the Postal Regulatory Commission to establish a new implementation date for the changes to the Mail Classification Schedule provisions pertaining to Priority Mail International Flat Rate Envelopes and Priority Mail International Small Flat Rate Boxes.

Federal Register, Volume 81 Issue 102 (Thursday, May 26, 2016)

[Federal Register Volume 81, Number 102 (Thursday, May 26, 2016)]
[Notices]
[Pages 33560-33561]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-12400]


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POSTAL SERVICE


Mail Classification Schedule Changes Pertaining to Priority Mail 
International Flat Rate Envelopes and Priority Mail International Small 
Flat Rate Boxes

AGENCY: Postal Service.

ACTION: Notice; modified effective date.

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SUMMARY: The Postal Service has filed a notice with the Postal 
Regulatory Commission to establish a new implementation date for the 
changes to the Mail Classification Schedule provisions pertaining to 
Priority Mail International Flat Rate Envelopes and Priority Mail 
International Small Flat Rate Boxes.

DATES: Effective date: May 26, 2016.

FOR FURTHER INFORMATION CONTACT: Christopher C. Meyerson, 202-268-7820.

SUPPLEMENTARY INFORMATION: On May 20, 2016, the United States Postal 
Service[supreg] filed with the Postal Regulatory Commission 
(Commission) a new implementation date of August 28, 2016, for pending 
changes to the Mail Classification Schedule related to Priority Mail 
International Flat Rate Envelopes and Priority Mail International Small 
Flat Rate Boxes. These changes were the subject of a previous notice in 
the Federal Register published by the Postal Service on April 14, 2016 
(81 FR 22131). Documents pertinent to this request are available at 
http://www.prc.gov, Docket No. MC2016-118. The Governors' Decision

[[Page 33561]]

in connection with the revised date is reprinted below.

Stanley F. Mires,
Attorney, Federal Compliance.

Decision of the Governors of the United States Postal Service 
Concerning Revised Implementation Date of Mail Classification Schedule 
Changes for Priority Mail International Flat Rate Envelopes and 
Priority Mail International Small Flat Rate Boxes (Governors' Decision 
No. 16-2)

May 12, 2016.

Statement of Explanation and Justification

    Pursuant to section 404(b) and Chapter 36 of title 39, United 
States Code, Governors' Decision No. 16-1 established classification 
changes to Priority Mail International Flat Rate Envelopes (PMI FREs) 
and PMI Small Flat Rate Boxes (PMI SFRBs) to be effective June 3, 2016.
    Due to operational considerations, I hereby revise the 
implementation date of the classification changes set forth in 
Governors' Decision No. 16-1 as indicated in our order below.

Order

    The changes in classification to PMI FREs and PMI SFRBs established 
in Governors' Decision No. 16-1 shall be effective on August 28, 2016.
    By The Governors:

    James H. Bilbray
Chairman, Temporary Emergency Committee of the Board of Governors

[FR Doc. 2016-12400 Filed 5-25-16; 8:45 am]
 BILLING CODE 7710-12-P

33560 Federal Register / Vol. 81, No. 102 / Thursday, May 26, 2016 / Notices

an application for non-public treatment ADDRESSES: Submit comments III. Ordering Paragraphs
of certain materials. It also filed electronically via the Commission’s
It is ordered:
supporting financial workpapers. Filing Online system at http://
www.prc.gov. Those who cannot submit 1. The Commission establishes Docket
II. Notice of Commission Action Nos. MC2016–133 and CP2016–170 to
comments electronically should contact
The Commission establishes Docket the person identified in the FOR FURTHER consider the matters raised in each
Nos. MC2016–136 and CP2016–173 to INFORMATION CONTACT section by docket.
consider the Request pertaining to the telephone for advice on filing 2. Pursuant to 39 U.S.C. 505, Katalin
proposed Priority Mail Contract 219 alternatives. K. Clendenin is appointed to serve as an
product and the related contract, officer of the Commission to represent
FOR FURTHER INFORMATION CONTACT:
respectively. the interests of the general public in
David A. Trissell, General Counsel, at
The Commission invites comments on these proceedings (Public
202–789–6820.
whether the Postal Service’s filings in Representative).
SUPPLEMENTARY INFORMATION:
the captioned dockets are consistent 3. Comments are due no later than
with the policies of 39 U.S.C. 3632, Table of Contents June 1, 2016.
3633, or 3642, 39 CFR part 3015, and 39 I. Introduction 4. The Secretary shall arrange for
CFR part 3020, subpart B. Comments are II. Notice of Commission Action publication of this order in the Federal
due no later than June 1, 2016. The III. Ordering Paragraphs Register.
public portions of these filings can be By the Commission.
accessed via the Commission’s Web site I. Introduction
Stacy L. Ruble,
(http://www.prc.gov). In accordance with 39 U.S.C. 3642
Secretary.
The Commission appoints Cassie and 39 CFR 3020.30–.35, the Postal
[FR Doc. 2016–12393 Filed 5–25–16; 8:45 am]
D’Souza to serve as Public Service filed a formal request and
associated supporting information to BILLING CODE 7710–FW–P
Representative in these dockets.
add Priority Mail Contract 216 to the
III. Ordering Paragraphs competitive product list.1
It is ordered: The Postal Service
1. The Commission establishes Docket contemporaneously filed a redacted POSTAL SERVICE
Nos. MC2016–136 and CP2016–173 to contract related to the proposed new
product under 39 U.S.C. 3632(b)(3) and Mail Classification Schedule Changes
consider the matters raised in each Pertaining to Priority Mail International
docket. 39 CFR 3015.5. Request, Attachment B.
To support its Request, the Postal Flat Rate Envelopes and Priority Mail
2. Pursuant to 39 U.S.C. 505, Cassie International Small Flat Rate Boxes
D’Souza is appointed to serve as an Service filed a copy of the contract, a
officer of the Commission to represent copy of the Governors’ Decision AGENCY: Postal Service.
the interests of the general public in authorizing the product, proposed
changes to the Mail Classification ACTION: Notice; modified effective date.
these proceedings (Public
Representative). Schedule, a Statement of Supporting
Justification, a certification of SUMMARY: The Postal Service has filed a
3. Comments are due no later than notice with the Postal Regulatory
compliance with 39 U.S.C. 3633(a), and
June 1, 2016. Commission to establish a new
an application for non-public treatment
4. The Secretary shall arrange for implementation date for the changes to
of certain materials. It also filed
publication of this order in the Federal supporting financial workpapers. the Mail Classification Schedule
Register. provisions pertaining to Priority Mail
By the Commission. II. Notice of Commission Action International Flat Rate Envelopes and
Stacy L. Ruble, The Commission establishes Docket Priority Mail International Small Flat
Nos. MC2016–133 and CP2016–170 to Rate Boxes.
Secretary.
[FR Doc. 2016–12392 Filed 5–25–16; 8:45 am] consider the Request pertaining to the DATES: Effective date: May 26, 2016.
BILLING CODE 7710–FW–P
proposed Priority Mail Contract 216 FOR FURTHER INFORMATION CONTACT:
product and the related contract, Christopher C. Meyerson, 202–268–
respectively. 7820.
POSTAL REGULATORY COMMISSION The Commission invites comments on
whether the Postal Service’s filings in SUPPLEMENTARY INFORMATION: On May
[Docket Nos. MC2016–133 and CP2016–170; the captioned dockets are consistent 20, 2016, the United States Postal
Order No. 3304] with the policies of 39 U.S.C. 3632, Service® filed with the Postal
3633, or 3642, 39 CFR part 3015, and 39 Regulatory Commission (Commission) a
New Postal Product CFR part 3020, subpart B. Comments are new implementation date of August 28,
due no later than June 1, 2016. The 2016, for pending changes to the Mail
AGENCY: Postal Regulatory Commission. public portions of these filings can be Classification Schedule related to
ACTION: Notice. accessed via the Commission’s Web site Priority Mail International Flat Rate
(http://www.prc.gov). Envelopes and Priority Mail
SUMMARY: The Commission is noticing a The Commission appoints Katalin K. International Small Flat Rate Boxes.
sradovich on DSK3TPTVN1PROD with NOTICES

recent Postal Service filing concerning Clendenin to serve as Public These changes were the subject of a
the addition of Priority Mail Contract Representative in these dockets. previous notice in the Federal Register
216 to the competitive product list. This published by the Postal Service on April
notice informs the public of the filing, 1 Request of the United States Postal Service to
14, 2016 (81 FR 22131). Documents
invites public comment, and takes other Add Priority Mail Contract 216 to Competitive
pertinent to this request are available at
administrative steps. Product List and Notice of Filing (Under Seal) of
Unredacted Governors’ Decision, Contract, and http://www.prc.gov, Docket No.
DATES: Comments are due: June 1, 2016. Supporting Data, May 19, 2016 (Request). MC2016–118. The Governors’ Decision

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Federal Register / Vol. 81, No. 102 / Thursday, May 26, 2016 / Notices 33561

in connection with the revised date is introduce new activity-based risk (4) the total number of contracts traded
reprinted below. protection functionality. The proposed in regular orders; and (5) the total
rule change was published for comment number of contracts traded in complex
Stanley F. Mires,
in the Federal Register on April 6, orders with only options legs.8
Attorney, Federal Compliance.
2016.3 No comment letters were According to the Exchange, members
Decision of the Governors of the United received in response to this proposal. will have the discretion to establish the
States Postal Service Concerning This order approves the proposed rule applicable time period for each of the
Revised Implementation Date of Mail change. counts maintained under the Market
Classification Schedule Changes for II. Description of the Proposed Rule Wide Risk Protection, provided that the
Priority Mail International Flat Rate Change selected period is within minimum and
Envelopes and Priority Mail maximum time parameters that will be
International Small Flat Rate Boxes The Exchange proposed to introduce
two activity-based risk protection established by the Exchange and
(Governors’ Decision No. 16–2) announced via circular.9 By contrast,
measures that will be mandatory for all
May 12, 2016. members: (1) The ‘‘Order Entry Rate the Exchange’s proposal does not
Protection,’’ which prevents members establish minimum or maximum values
Statement of Explanation and for any of the order entry or execution
Justification from entering orders at a rate that
exceeds predefined thresholds,4 and (2) parameters described in (1) through (5)
Pursuant to section 404(b) and above. Nevertheless, the Exchange will
the ‘‘Order Execution Rate Protection,’’
Chapter 36 of title 39, United States establish default values 10 for the time
which prevents members from
Code, Governors’ Decision No. 16–1 period, order entry, and contracts traded
executing orders at a rate that exceeds
established classification changes to parameters in a circular to be
their predefined risk settings (together,
Priority Mail International Flat Rate distributed to members. The Exchange
Envelopes (PMI FREs) and PMI Small ‘‘Market Wide Risk Protection’’). The
Exchange will announce the represented that such default values
Flat Rate Boxes (PMI SFRBs) to be will apply only to members that do not
effective June 3, 2016. implementation date of the proposed
rule in a circular to be distributed to submit their own parameters for the
Due to operational considerations, I Market Wide Risk Protection
hereby revise the implementation date members prior to implementation.5
Pursuant to proposed Rule 714(d), measures.11
of the classification changes set forth in
Governors’ Decision No. 16–1 as ‘‘Market Wide Risk Protection,’’ the The Exchange further proposed to use
indicated in our order below. Exchange’s trading system (the separate counts for regular orders,
‘‘System’’) will maintain one or more complex options orders,12 and complex
Order counting programs on behalf of each orders with a stock component,13 as it
The changes in classification to PMI member that will track the number of believed that members may want to
FREs and PMI SFRBs established in orders entered and the number of have different risk settings for these
Governors’ Decision No. 16–1 shall be contracts traded on ISE or, if chosen by instruments. If the Market Wide Risk
effective on August 28, 2016. the member, across both ISE and its Protection is triggered based on any
By The Governors: affiliate, ISE Gemini, LLC (‘‘ISE count, however, proposed Rule 714(d)
James H. Bilbray Gemini’’).6 Members may also use states that the triggered action
Chairman, Temporary Emergency Committee multiple counting programs to separate (discussed below) will be taken across
of the Board of Governors risk protections for different groups the entire market—with respect to all
[FR Doc. 2016–12400 Filed 5–25–16; 8:45 am] established within the member.7 The products traded in both simple and
BILLING CODE 7710–12–P counting programs will maintain complex instruments and across ISE (or,
separate counts, over rolling time
periods specified by the member, for 8 See proposed Rule 714(d). The Exchange

each count of: (1) The total number of clarified that a member’s allowable order rate for
SECURITIES AND EXCHANGE the Order Entry Rate Protection will be comprised
COMMISSION orders entered in the regular order book; of parameters (1) to (3), while the allowable contract
(2) the total number of orders entered in execution rate for the Order Execution Rate
[Release No. 34–77875; File No. SR–ISE– the complex order book with only Protection will be comprised of parameters (4) and
2016–08] options legs; (3) the total number of (5). The Exchange further explained that contracts
executed on the agency and contra-side of a two-
Self-Regulatory Organizations; orders entered in the complex order sided crossing order will be counted separately for
International Securities Exchange, book with both stock and options legs; the Order Execution Rate Protection. See Notice,
supra note 3, at 20005.
LLC; Order Approving Proposed Rule 3 See Securities Exchange Act Release No. 77489 9 Id. The Exchange stated that it anticipated
Change Related to Market Wide Risk (Mar. 31, 2016), 81 FR 20004 (‘‘Notice’’). setting these minimum and maximum time
Protection 4 The Exchange stated that it will initiate the parameters at one second and a full trading day,
Order Entry Rate Protection pre-open, but in a respectively. See Notice, supra note 3, at 20005 n.9.
May 20, 2016. manner that allows members time to load their 10 See proposed Rule 714(d); see also Notice,

orders without inadvertently triggering the supra note 3, at 20005.
I. Introduction protection. The Exchange further noted that it will 11 Id.

On March 17, 2016, the International establish and communicate the precise initiation 12 The Exchange explained that the contract

Securities Exchange, LLC (the time via circular and prior to implementation. See execution count for complex orders with only
Notice, supra note 3, at 20004 n.4. options legs will be the sum of the number of
‘‘Exchange’’ or ‘‘ISE’’) filed with the 5 See Notice, supra note 3, at 20004.
contracts executed with respect to each leg. Id.
sradovich on DSK3TPTVN1PROD with NOTICES

Securities and Exchange Commission 6 Members may set different risk parameters for 13 Complex orders that contain a stock component
(‘‘Commission’’) pursuant to Section their trading activity on each exchange, or they may will not be included as part of the complex order
19(b)(1) of the Securities Exchange Act set risk parameters that apply to their trading across execution count. The Exchange stated its belief that
of 1934 (‘‘Act’’) 1 and Rule 19b–4 both ISE and ISE Gemini. See proposed Rule 714(d). the separate components of stock-option orders (i.e.,
7 The Exchange stated that it will explain how options components executed in contracts and
thereunder,2 a proposed rule change to members can go about setting up risk protections stock components executed in shares) could not be
for different groups (e.g., business units) in a combined in a way that would provide a
1 15 U.S.C. 78s(b)(1). circular issued to members. See Notice, supra note meaningful measure of risk exposure. See Notice,
2 17 CFR 240.19b–4. 3, at 20004–05 n.7. supra note 3, at 20005 n.10.

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Document Created: 2016-05-26 01:13:29
Document Modified: 2016-05-26 01:13:29

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; modified effective date.
Contact		Christopher C. Meyerson, 202-268-7820.
FR Citation		81 FR 33560