83 FR 12965 - New Postal Products

POSTAL REGULATORY COMMISSION

Federal Register Volume 83, Issue 58 (March 26, 2018)

Page Range		12965-12966
FR Document		2018-06055

The Commission is noticing a recent Postal Service filing for the Commission's consideration concerning negotiated service agreements. This notice informs the public of the filing, invites public comment, and takes other administrative steps.

Federal Register, Volume 83 Issue 58 (Monday, March 26, 2018)

[Federal Register Volume 83, Number 58 (Monday, March 26, 2018)]
[Notices]
[Pages 12965-12966]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-06055]


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POSTAL REGULATORY COMMISSION

[Docket No. CP2018-184; CP2018-185; CP2018-186; CP2018-187; CP2018-188]


New Postal Products

AGENCY: Postal Regulatory Commission.

ACTION: Notice.

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SUMMARY: The Commission is noticing a recent Postal Service filing for 
the Commission's consideration concerning negotiated service 
agreements. This notice informs the public of the filing, invites 
public comment, and takes other administrative steps.

DATES: Comments are due: March 28, 2018.

ADDRESSES: Submit comments electronically via the Commission's Filing 
Online system at http://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 (http://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 3007.40.
    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 3010, 
and 39 CFR part 3020, 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 3015, and 39 CFR part 3020, subpart B. Comment 
deadline(s) for each request appear in section II.

II. Docketed Proceeding(s)

    1. Docket No(s).: CP2018-184; Filing Title: Notice of United States 
Postal Service of Filing a Functionally Equivalent Global Expedited 
Package Services 7 Negotiated Service Agreement and Application for 
Non-Public Treatment of Materials Filed Under Seal; Filing Acceptance 
Date: March 20, 2018; Filing Authority: 39 CFR 3015.50; Public 
Representative: Gregory S. Stanton; Comments Due: March 28, 2018.
    2. Docket No(s).: CP2018-185; Filing Title: Notice of United States 
Postal Service of Filing a Functionally Equivalent Global Expedited 
Package Services 7 Negotiated Service Agreement and Application for 
Non-Public Treatment of Materials Filed Under Seal; Filing Acceptance 
Date: March 20, 2018; Filing Authority: 39 CFR 3015.50; Public 
Representative: Gregory S. Stanton; Comments Due: March 28, 2018.
    3. Docket No(s).: CP2018-186; Filing Title: Notice of United States 
Postal Service of Filing a Functionally Equivalent Global Expedited 
Package Services 7 Negotiated Service Agreement and Application for 
Non-Public Treatment of Materials Filed Under Seal; Filing Acceptance 
Date: March 20, 2018; Filing Authority: 39 CFR 3015.50; Public 
Representative: Gregory S. Stanton; Comments Due: March 28, 2018.
    4. Docket No(s).: CP2018-187; Filing Title: Notice of United States 
Postal Service of Filing a Functionally Equivalent Global Expedited 
Package Services 7 Negotiated Service Agreement and Application for 
Non-Public Treatment of Materials Filed Under Seal; Filing Acceptance 
Date: March 20, 2018; Filing Authority: 39 CFR 3015.50; Public 
Representative: Curtis E. Kidd; Comments Due: March 28, 2018.
    5. Docket No(s).: CP2018-188; Filing Title: Notice of United States 
Postal Service of Filing a Functionally Equivalent Global Expedited 
Package Services 7 Negotiated Service Agreement and Application for 
Non-Public Treatment of Materials Filed Under Seal; Filing Acceptance 
Date:

[[Page 12966]]

March 20, 2018; Filing Authority: 39 CFR 3015.50; Public 
Representative: Curtis E. Kidd; Comments Due: March 28, 2018.
    This Notice will be published in the Federal Register.

Stacy L. Ruble,
Secretary.
[FR Doc. 2018-06055 Filed 3-23-18; 8:45 am]
 BILLING CODE 7710-FW-P

Federal Register / Vol. 83, No. 58 / Monday, March 26, 2018 / Notices 12965

published in the Federal Register on SUMMARY: The Commission is noticing a requirements include 39 U.S.C. 3622, 39
October 16, 2017 (82 FR 48121). recent Postal Service filing for the U.S.C. 3642, 39 CFR part 3010, and 39
Interested parties are encouraged to Commission’s consideration concerning CFR part 3020, subpart B. For request(s)
send comments to the OMB, Office of negotiated service agreements. This that the Postal Service states concern
Information and Regulatory Affairs at notice informs the public of the filing, competitive product(s), applicable
the address shown in the ADDRESSES invites public comment, and takes other statutory and regulatory requirements
section within thirty (30) days of administrative steps. include 39 U.S.C. 3632, 39 U.S.C. 3633,
publication of this notice in the Federal DATES: Comments are due: March 28, 39 U.S.C. 3642, 39 CFR part 3015, and
Register. In order to help ensure 2018. 39 CFR part 3020, subpart B. Comment
appropriate consideration, comments deadline(s) for each request appear in
ADDRESSES: Submit comments
should mention OMB Control Number section II.
electronically via the Commission’s
1218–0011. The OMB is particularly
Filing Online system at http:// II. Docketed Proceeding(s)
interested in comments that:
• Evaluate whether the proposed www.prc.gov. Those who cannot submit 1. Docket No(s).: CP2018–184; Filing
collection of information is necessary comments electronically should contact Title: Notice of United States Postal
for the proper performance of the the person identified in the FOR FURTHER Service of Filing a Functionally
INFORMATION CONTACT section by Equivalent Global Expedited Package
functions of the agency, including
whether the information will have telephone for advice on filing Services 7 Negotiated Service
practical utility; alternatives. Agreement and Application for Non-
• Evaluate the accuracy of the FOR FURTHER INFORMATION CONTACT: Public Treatment of Materials Filed
agency’s estimate of the burden of the David A. Trissell, General Counsel, at Under Seal; Filing Acceptance Date:
proposed collection of information, 202–789–6820. March 20, 2018; Filing Authority: 39
including the validity of the SUPPLEMENTARY INFORMATION: CFR 3015.50; Public Representative:
methodology and assumptions used; Gregory S. Stanton; Comments Due:
• Enhance the quality, utility, and Table of Contents March 28, 2018.
clarity of the information to be I. Introduction 2. Docket No(s).: CP2018–185; Filing
collected; and II. Docketed Proceeding(s) Title: Notice of United States Postal
• Minimize the burden of the Service of Filing a Functionally
I. Introduction Equivalent Global Expedited Package
collection of information on those who
are to respond, including through the The Commission gives notice that the Services 7 Negotiated Service
use of appropriate automated, Postal Service filed request(s) for the Agreement and Application for Non-
electronic, mechanical, or other Commission to consider matters related Public Treatment of Materials Filed
technological collection techniques or to negotiated service agreement(s). The Under Seal; Filing Acceptance Date:
other forms of information technology, request(s) may propose the addition or March 20, 2018; Filing Authority: 39
e.g., permitting electronic submission of removal of a negotiated service CFR 3015.50; Public Representative:
responses. agreement from the market dominant or Gregory S. Stanton; Comments Due:
Agency: DOL–OSHA. the competitive product list, or the March 28, 2018.
Title of Collection: General Provisions modification of an existing product 3. Docket No(s).: CP2018–186; Filing
and Confined and Enclosed Spaces and currently appearing on the market Title: Notice of United States Postal
Other Dangerous Atmospheres in dominant or the competitive product Service of Filing a Functionally
Shipyard Employment Standards. list. Equivalent Global Expedited Package
OMB Control Number: 1218–0011. Section II identifies the docket Services 7 Negotiated Service
Affected Public: Private Sector— number(s) associated with each Postal Agreement and Application for Non-
businesses or other for-profits. Service request, the title of each Postal Public Treatment of Materials Filed
Total Estimated Number of Service request, the request’s acceptance Under Seal; Filing Acceptance Date:
Respondents: 4,871. date, and the authority cited by the March 20, 2018; Filing Authority: 39
Total Estimated Number of Postal Service for each request. For each CFR 3015.50; Public Representative:
Responses: 3,495,964. request, the Commission appoints an Gregory S. Stanton; Comments Due:
Total Estimated Annual Time Burden: officer of the Commission to represent March 28, 2018.
586,064 hours. the interests of the general public in the 4. Docket No(s).: CP2018–187; Filing
Total Estimated Annual Other Costs proceeding, pursuant to 39 U.S.C. 505 Title: Notice of United States Postal
Burden: $0. (Public Representative). Section II also Service of Filing a Functionally
Authority: 44 U.S.C. 3507(a)(1)(D). establishes comment deadline(s) Equivalent Global Expedited Package
Dated: March 19, 2018. pertaining to each request. Services 7 Negotiated Service
Michel Smyth, The public portions of the Postal Agreement and Application for Non-
Departmental Clearance Officer.
Service’s request(s) can be accessed via Public Treatment of Materials Filed
the Commission’s website (http:// Under Seal; Filing Acceptance Date:
[FR Doc. 2018–06004 Filed 3–23–18; 8:45 am]
www.prc.gov). Non-public portions of March 20, 2018; Filing Authority: 39
BILLING CODE 4510–26–P
the Postal Service’s request(s), if any, CFR 3015.50; Public Representative:
can be accessed through compliance Curtis E. Kidd; Comments Due: March
with the requirements of 39 CFR 28, 2018.
POSTAL REGULATORY COMMISSION 5. Docket No(s).: CP2018–188; Filing
sradovich on DSK3GMQ082PROD with NOTICES

3007.40.
[Docket No. CP2018–184; CP2018–185; The Commission invites comments on Title: Notice of United States Postal
CP2018–186; CP2018–187; CP2018–188] whether the Postal Service’s request(s) Service of Filing a Functionally
in the captioned docket(s) are consistent Equivalent Global Expedited Package
New Postal Products with the policies of title 39. For Services 7 Negotiated Service
AGENCY: Postal Regulatory Commission. request(s) that the Postal Service states Agreement and Application for Non-
concern market dominant product(s), Public Treatment of Materials Filed
ACTION: Notice.
applicable statutory and regulatory Under Seal; Filing Acceptance Date:

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12966 Federal Register / Vol. 83, No. 58 / Monday, March 26, 2018 / Notices

March 20, 2018; Filing Authority: 39 the proposed rule change, or institute Consistent with the Exchange’s existing
CFR 3015.50; Public Representative: proceedings to determine whether to rules for index options, the Exchange
Curtis E. Kidd; Comments Due: March approve or disapprove the proposed will allow up to six expiration months
28, 2018. rule change.6 The Commission received at any one time that may expire at three-
This Notice will be published in the no comment letters on the proposed rule month intervals or in consecutive
Federal Register. change. The Commission is approving months, as well as LEAPS.10 The
the proposed rule change, as modified product will have European-style
Stacy L. Ruble,
by Amendment No. 1, subject to a pilot exercise and will not be subject to
Secretary. period set to end on the earlier of: (1) position limits, although the Exchange
[FR Doc. 2018–06055 Filed 3–23–18; 8:45 am] Twelve months following the date of the proposes to amend ISE Rule 2004(c) to
BILLING CODE 7710–FW–P first listing of the options; or (2) June 30, more accurately describe how positions
2019. in reduced-value options would be
II. Description of the Proposal, as aggregated with full-value options.11
SECURITIES AND EXCHANGE As proposed, NQX would become
Modified by Amendment No. 1
COMMISSION subject to a pilot for a period that would
The Exchange is proposing to amend end on the earlier of: (i) Twelve months
[Release No. 34–82911; File No. SR–ISE– its rules to permit the listing and
2017–106] following the date of the first listing of
trading, on a pilot basis, of index the options; or (ii) June 30, 2019 (‘‘Pilot
Self-Regulatory Organizations; Nasdaq options on the Nasdaq 100 Reduced Program’’). If the Exchange were to
ISE, LLC; Order Granting Approval of Value Index (‘‘NQX’’) with third Friday propose an extension of the Pilot
a Proposed Rule Change, as Modified of the month expiration dates. The Program or should the Exchange
by Amendment No. 1, To Permit the Exchange represents that the NQX propose to make the Pilot Program
Listing and Trading of NQX Index options contract will be the same in all permanent, then the Exchange would
Options on a Pilot Basis respects as the current Nasdaq-100 submit a filing proposing such
(‘‘NDX’’) options contract listed on the amendments to the Pilot Program. The
March 20, 2018. Exchange,7 except that it will be based Exchange notes that any positions
on 1⁄5 of the value of the Nasdaq-100, established under the pilot would not be
I. Introduction
and will be P.M.-settled with an impacted by the expiration of the pilot.
On December 6, 2017, Nasdaq ISE, exercise settlement value based on the For example, a position in an NQX
LLC (‘‘ISE’’ or ‘‘Exchange’’) filed with closing index value of the Nasdaq-100 options series that expires beyond the
the Securities and Exchange on the day of expiration.8 In particular, conclusion of the pilot period could be
Commission (‘‘Commission’’), pursuant NQX options will be subject to the same established during the pilot. If the Pilot
to Section 19(b)(1) of the Securities rules that presently govern the trading Program were not extended, then the
Exchange Act of 1934 (‘‘Act’’),1 and of index options based on the Nasdaq- position could continue to exist.
Rule 19b–4 thereunder,2 a proposed rule 100, including sales practice rules, However, the Exchange notes that any
change to permit the listing and trading margin requirements, trading rules, and further trading in the series would be
of options based on 1⁄5 the value of the position and exercise limits. Similar to restricted to transactions where at least
Nasdaq-100 Index (‘‘Nasdaq-100’’) on a NDX options, NQX options will be
one side of the trade is a closing
pilot basis. The proposed rule change European-style and cash-settled, and
transaction.
was published for comment in the will have a contract multiplier of 100. The Exchange proposes to submit a
Federal Register on December 26, NQX options will have a minimum Pilot Program report to Commission at
2017.3 On January 31, 2018, the trading increment of $0.05 for options least two months prior to the expiration
Exchange filed Amendment No. 1 to the below $3.00 and $0.10 for all other date of the Pilot Program (the ‘‘annual
proposed rule change.4 On February 8, series. Strike price intervals will be set report’’). The annual report would
2018, pursuant to Section 19(b)(2) of the at $1 or greater, subject to conditions
contain an analysis of volume, open
Act,5 the Commission designated a described in ISE Rule 2009(c)(5).9
interest, and trading patterns. The
longer period within which to approve analysis would examine trading in the
the proposed rule change, disapprove 6 See Securities Exchange Act Release No. 82666,

83 FR 6626 (February 14, 2018). The Commission
designated March 26, 2018 as the date by which the price intervals for MNX options as these contracts
1 15 U.S.C. 78s(b)(1). Commission shall approve or disapprove, or are based on a reduced value of the Nasdaq-100.
2 17 CFR 240.19b–4. institute proceedings to determine whether to Specifically, ISE Rule 2009(c)(5) provides that
3 See Securities Exchange Act Release No. 82362 notwithstanding ISE Rule 2009(c)(1), the interval
approve or disapprove, the proposed rule change.
(December 19, 2017), 82 FR 61090 (‘‘Notice’’). 7 See Securities Exchange Act Release No. 51121 between strike prices of series of MNX options will
4 In Amendment No. 1, the Exchange revised its
(February 1, 2005), 70 FR 6476 (February 7, 2005) be $1 or greater, subject to certain conditions. The
proposal to: (1) Add that raw percentage price (SR–ISE–2005–01). Exchange proposes to adopt the same strike price
change data as well as percentage price change data 8 The Exchange notes that similar features are intervals for NQX options as currently approved for
normalized for prevailing market volatility, as available with other index options contracts listed MNX options. The Exchange will not list LEAPS on
measured by an appropriate index as agreed by the on the Exchange and other options exchanges, NQX options at intervals less than $5. If the
Commission and the Exchange, would be provided including options contracts based on 1/10 the value Exchange determines to add NQX options to the
as part of the pilot data; and (2) revise the proposed of the Nasdaq-100 (‘‘MNX’’) and P.M.-settled Weeklies or Quarterlies programs, such options will
duration of the pilot program such that the pilot options on the full value of the Nasdaq-100 be listed with the expirations and strike prices
would terminate on the earlier of: (i) Twelve (‘‘NDXPM’’). See Notice, supra note 3, at 61091. described in Supplementary Material .01 or .02 to
months following the date of the first listing of the 9 Generally, pursuant to ISE Rule 2009(c)(1), ISE Rule 2009. The Exchange notes that it expects
options; or (ii) June 30, 2019. When the Exchange index options listed on the Exchange are subject to to add NQX options to the Weeklies program. See
sradovich on DSK3GMQ082PROD with NOTICES

filed Amendment No. 1 with the Commission, it strike price intervals of no less than $5, provided id. at 61092 n.15.
also submitted Amendment No. 1 to the public 10 See id. at 61092 & n.13. The Exchange states
that certain classes of index options (including NDX
comment file for SR–ISE–2017–106 (available at: and MNX) have strike price intervals of no less than that it intends to file a separate proposed rule
https://www.sec.gov/comments/sr-ise-2017–106/ $2.50 if the strike price is less than $200. The change to modify the expiration months permitted
ise2017106.htm). Because Amendment No. 1 does Exchange proposes to amend ISE Rule 2009(c)(1) to for index option contracts consistent with Nasdaq
not materially alter the substance of the proposed add NQX options to the list of classes where strike PHLX LLC (‘‘Phlx’’) Rule 1101A(b). See id. at 61092
rule change or raise unique or novel regulatory price intervals of no less than $2.50 are generally n.13.
issues, it is not subject to notice and comment. permitted if the strike price is less than $200. In 11 For a more detailed description of the proposed
5 15 U.S.C. 78s(b)(2). addition, ISE Rule 2009(c)(5) provides finer strike NQX contract, see Notice, supra note 3.

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Document Created: 2018-03-24 00:59:48
Document Modified: 2018-03-24 00:59:48

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		Comments are due: March 28, 2018.
Contact		David A. Trissell, General Counsel, at 202-789-6820.
FR Citation		83 FR 12965