International Product Change-Priority Mail Express International, Priority Mail International, First-Class Package International Service & Commercial ePacket Agreement: Postal ServiceTM
| Published date | 08 September 2020 |
| Citation | 85 FR 55523 |
| Record Number | 2020-19760 |
| Section | Notices |
| Court | Postal Service |
55523
Federal Register / Vol. 85, No. 174 / Tuesday, September 8, 2020 / Notices
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).
01 concurrently with the issuance of
this new RG. Licensees using DSS–ISG–
2010–01 to demonstrate compliance
with NRC requirements may continue
using that guidance as long as they do
not change their licensing bases relative
to that guidance.
The staff is also issuing for public
comment a draft regulatory analysis
(ADAMS Accession No. ML20205L563).
The staff develops a regulatory analysis
to assess the value of issuing or revising
a regulatory guide as well as alternative
courses of action.
III. Backfitting, Forward Fitting, and
Issue Finality
DG–1373, if finalized, would provide
guidance for performing criticality
analyses of fuel storage at light-water
reactor power plants. Issuance of DG–
1373, if finalized, would not constitute
backfitting as defined in 10 CFR 50.109,
‘‘Backfitting,’’ and as described in NRC
Management Directive 8.4,
‘‘Management of Backfitting, Forward
Fitting, Issue Finality, and Information
Requests,’’ (Ref. 18); affect issue finality
of any approval issued under 10 CFR
part 52; or constitute forward fitting as
defined in Management Directive 8.4.
As explained in DG–1373, licensees are
not required to comply with the
positions set forth in this guide.
Dated: September 2, 2020.
For the Nuclear Regulatory Commission.
Meraj Rahimi,
Chief, Regulatory Guidance and Generic
Issues Branch, Division of Engineering, Office
of Nuclear Regulatory Research.
[FR Doc. 2020–19774 Filed 9–4–20; 8:45 am]
BILLING CODE 7590–01–P
POSTAL REGULATORY COMMISSION
[Docket Nos. MC2020–235 and CP2020–265;
MC2020–236 and CP2020–266]
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: September
11, 2020.
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
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
deadline(s) for each request appear in
section II.
II. Docketed Proceeding(s)
1. Docket No(s).: MC2020–235 and
CP2020–265; Filing Title: USPS Request
to Add Priority Mail Contract 654 to
Competitive Product List and Notice of
Filing Materials Under Seal; Filing
Acceptance Date: September 1, 2020;
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:
September 11, 2020.
2. Docket No(s).: MC2020–236 and
CP2020–266; Filing Title: USPS Request
to Add Parcel Select & Parcel Return
Service Contract 12 to Competitive
Product List and Notice of Filing
Materials Under Seal; Filing Acceptance
Date: September 1, 2020; Filing
Authority: 39 U.S.C. 3642, 39 CFR
3040.130 through 3040.135, and 39 CFR
3035.105; Public Representative:
Christopher C. Mohr; Comments Due:
September 11, 2020.
This Notice will be published in the
Federal Register.
Erica A. Barker,
Secretary.
[FR Doc. 2020–19798 Filed 9–4–20; 8:45 am]
BILLING CODE 7710–FW–P
POSTAL SERVICE
International Product Change—Priority
Mail Express International, Priority Mail
International, First-Class Package
International Service & Commercial
ePacket Agreement: Postal Service
TM
ACTION
: Notice.
SUMMARY
: The Postal Service gives
notice of filing a request with the Postal
Regulatory Commission to add a Priority
Mail Express International, Priority Mail
International, First-Class Package
International Service & Commercial
ePacket contract to the list of Negotiated
Service Agreements in the Competitive
Product List in the Mail Classification
Schedule.
DATES
: Date of notice: September 8,
2020.
FOR FURTHER INFORMATION CONTACT
:
Christopher C. Meyerson, (202) 268–
7820.
SUPPLEMENTARY INFORMATION
: The
United States Postal Service
®
hereby
gives notice that, pursuant to 39 U.S.C.
3642 and 3632(b)(3), on August 31,
2020, it filed with the Postal Regulatory
Commission a USPS Request to Add
Priority Mail Express International,
Priority Mail International, First-Class
Package International Service &
Commercial ePacket Contract 9 to
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55524
Federal Register / Vol. 85, No. 174 / Tuesday, September 8, 2020 / Notices
1
15 U.S.C. 78s(b)(1).
2
17 CFR 240.19b–4.
3
See Securities Exchange Act Release No. 89356
(July 21, 2020), 85 FR 45243 (‘‘Notice’’).
4
The Exchange represents that in connection
with the technology migration, BX is adopting
certain opening functionality that is similar to the
process used by Nasdaq Phlx LLC (‘‘Phlx’’) at
Options 3, Section 8 (Options Opening Process).
See Notice, supra note 3, 85 FR at 45243.
5
In connection with the new opening process, the
Exchange proposes to adopt a new ‘‘Definitions’’
section in proposed BX Options 3, Section 8(a),
similar to Phlx Options 3, Section 8(a), to define
several terms that are used throughout the opening
rule. Proposed BX Options 3, Section 8 will define:
‘‘Away Best Bid or Offer’’ or ‘‘ABBO,’’ ‘‘imbalance,’’
‘‘market for the underlying security,’’ ‘‘Opening
Price,’’ ‘‘Opening Process,’’ ‘‘Potential Opening
Price,’’ ‘‘Pre-Market BBO,’’ ‘‘Valid Width National
Best Bid or Offer’’ or ‘‘Valid Width NBBO,’’ ‘‘Valid
Width Quote,’’ and ‘‘Zero Bid Market.’’ For
definitions of these terms, see Notice, supra note 3,
85 FR at 45244–45.
6
The Exchange proposes to amend the title of
Options 3, Section 8 from ‘‘Opening and Halt
Cross’’ to ‘‘Options Opening Process’’ to conform
the title to Phlx’s Rule at Options 3, Section 8,
‘‘Options Opening Process.’’ The Exchange also
proposes to amend the title of Options 3, Section
8, within Options 4A, Section 11, Trading Session,
and Options 6B, Section 1, Exercise of Options
Contracts, to conform the title to ‘‘Options Opening
Process.’’
7
For example, unlike the Phlx opening process,
BX does not: (1) Require its Lead Market Makers to
quote during the opening; (2) require a Valid Width
Quote/Quality Opening Market to trigger the
opening process and instead relies on a Valid Width
NBBO designed to similarly ensure the price at
which the Exchange opens reflects current market
conditions; (3) have a trading floor and related
opening rules; or (4) allow All-or-None Orders to
rest on the order book. See Notice, supra note 3.
8
The Exchange proposes to define an ‘‘Opening
Sweep’’ as a one-sided order entered by a Market
Maker through SQF for execution against eligible
interest in the system during the Opening Process.
The Opening Sweep is not subject to any
protections listed in Options 3, Section 15, except
for Automated Quotation Adjustments. The
Opening Sweep will only participate in the
Opening Process pursuant to Options 3, Section 8
and will be cancelled upon the open if not
executed. See proposed BX Options 3, Section
7(a)(9). In connection with the new definition of
Opening Sweep, the Exchange proposes to remove
a similar order type described as ‘‘On the Open
Order’’ in current BX Options 3, Section 7(a)(9).
9
Proposed BX Options 3, Section 8(b)(1)(A). All
Opening Sweeps in the affected series entered by
a Market Maker will be cancelled immediately if
that Market Maker fails to maintain a continuous
quote with a Valid Width Quote in the affected
series. See proposed BX Options 3, Section
8(b)(1)(A).
10
See proposed BX Options 3, Section 8(b)(1)(B).
11
See id.
12
See id. The Exchange proposes to define
‘‘Opening Price’’ by cross-referencing proposed BX
Options 3, Section 8(i) and (k). See proposed BX
Options 3, Section 8(a)(4).
13
See proposed BX Options 3, Section 8(b)(1)(B).
14
See current BX Options 3, Section 7(b)(1).
15
See id.
16
See id.
17
See proposed BX Options 3, Section 7(b).
18
See id.
19
See id.
20
See id.
21
The Exchange proposes to define ‘‘Opening
Process’’ by cross-referencing proposed BX Options
3, Section 8(d). See proposed BX Options 3, Section
8(a)(5). The proposed ‘‘Opening Process’’ term is
replacing the current term, ‘‘BX Opening Cross.’’
22
The Exchange proposes to define ‘‘Valid Width
Quotes’’ as a two-sided electronic quotation,
submitted by a Market Maker, quoted with a
difference not to exceed $5 between the bid and
offer regardless of the price of the bid. However,
respecting in-the-money series where the market for
the underlying security is wider than $5, the bid/
ask differential may be as wide as the quotation for
the underlying security on the primary market, or
Competitive Product List. Documents
are available at www.prc.gov, Docket
Nos. MC2020–233 and CP2020–263.
Joshua J. Hofer,
Attorney, Federal Compliance.
[FR Doc. 2020–19760 Filed 9–4–20; 8:45 am]
BILLING CODE 7710–12–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–89731; File No. SR–BX–
2020–016]
Self-Regulatory Organizations; Nasdaq
BX, Inc.; Order Approving Proposed
Rule Change To Amend BX’s Opening
Process in Connection With a
Technology Migration
September 1, 2020.
I. Introduction
On July 20, 2020, Nasdaq BX, Inc.
(‘‘BX’’ or ‘‘Exchange’’) 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
amend the Exchange’s opening process
in connection with a technology
migration. The proposed rule change
was published for comment in the
Federal Register on July 27, 2020.
3
The
Commission received no comment
letters on the proposed rule change.
This order approves the proposed rule
change.
II. Description of the Proposal
The Exchange proposes to amend
Options 2, Section 4 (Obligations of
Market Makers and Lead Market
Makers), Options 3, Section 7 (Types of
Orders and Order and Quote Protocols),
Options 3, Section 8 (Opening and Halt
Cross), Options 4A, Section 11 (Trading
Sessions), and Options 6B, Section 1
(Exercise of Options Contracts) in
connection with a technology migration
to an enhanced Nasdaq, Inc. (‘‘Nasdaq’’)
architecture.
4
A. Proposed Opening Process
5
The Exchange proposes to delete the
entirety of current BX Options 3,
Section 8 and replace the current
Exchange opening process with an
opening process described in Phlx
Options 3, Section 8,
6
while retaining
certain elements of its current process
and making conforming changes to
reflect particularlities to the BX market.
7
1. Opening Sweeps
The Exchange proposes to define a
new order type, ‘‘Opening Sweep,’’ for
the new opening process.
8
A Market
Maker assigned in a particular option
may only submit an Opening Sweep if,
at the time of entry, that Market Maker
has already submitted and maintained a
Valid Width Quote.
9
Opening Sweeps
may be entered at any price with a
minimum price variation applicable to
the affected series, on either side of the
market, at single or multiple price
level(s), and may be cancelled and re-
entered.
10
A single Market Maker may
enter multiple Opening Sweeps, with
each Opening Sweep at a different price
level.
11
If a Market Maker submits
multiple Opening Sweeps, the system
will consider only the most recent
Opening Sweep at each price level
submitted by such Market Maker in
determining the Opening Price
(described below).
12
Unexecuted
Opening Sweeps will be cancelled once
the affected series is open.
13
2. Opening Only Orders
BX currently permits orders marked
with a ‘‘Time In Force’’ or ‘‘TIF’’ of ‘‘On
the Open Order’’ or ‘‘OPG’’ to be
utilized to specify orders for submission
into the Opening Cross.
14
This TIF of
‘‘OPG’’ means for orders so designated,
that if after entry into the system, the
order is not fully executed in its entirety
during the Opening Cross, the order, or
any unexecuted portion of such order,
will be cancelled back to the entering
participant.
15
BX proposes to replace
the ‘‘On the Open Order’’
16
TIF with an
‘‘Opening Only’’ or ‘‘OPG’’ TIF, which
can only be executed in the Opening
Process pursuant to Options 3, Section
8.
17
This order type is not subject to any
protections listed in Options 3, Section
15.
18
Any portion of the order that is not
executed during the Opening Process is
cancelled.
19
OPG orders also may not
route.
20
3. Interest Included in the Opening
Process
The first part of the Opening Process
determines what constitutes eligible
interest. Proposed BX Options 3,
Section 8(b) explains the eligible
interest that will be accepted during the
Opening Process,
21
which includes
Valid Width Quotes,
22
Opening
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