New Postal Products

Citation85 FR 83112
Record Number2020-28133
Published date21 December 2020
SectionNotices
CourtPostal Regulatory Commission
83112
Federal Register / Vol. 85, No. 245 / Monday, December 21, 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).
Amend and Granting Motion to
Dismiss), LBP–19–7 (Denial of
Contentions) (Tentative)
(Contact: Denise McGovern: 301–415–
0681)
Additional Information: By a vote of
5–0 on December 15, 2020, the
Commission determined pursuant to 5
U.S.C. 552b(e)(1) and 10 CFR 9.107 that
the above referenced Affirmation
Session be held with less than one week
notice to the public. The meeting will be
held on December 17, 2020. Due to
COVID–19, there will be no physical
public attendance. The public is invited
to attend the Commission’s meeting live
via teleconference. Details for joining
the teleconference in listen only mode
can be found at https://www.nrc.gov/
pmns/mtg.
c. Nuclear Development LC
(Bellefonte Nuclear Plant, Units 1
and 2), Request for Hearing in
License Transfer Proceeding
(Tentative)
(Contact: Denise McGovern: 301–415–
0681)
Additional Information: By a vote of
5–0 on December 17, 2020, the
Commission determined pursuant to 5
U.S.C. 552b(e)(1) and 10 CFR 9.107 that
the above referenced Affirmation
Session be held with less than one week
notice to the public. The meeting will be
held on December 17, 2020. Due to
COVID–19, there will be no physical
public attendance. The public is invited
to attend the Commission’s meeting live
via teleconference. Details for joining
the teleconference in listen only mode
can be found at https://www.nrc.gov/
pmns/mtg.
Week of December 21, 2020—Tentative
There are no meetings scheduled for
the week of December 21, 2020.
Week of December 28, 2020—Tentative
There are no meetings scheduled for
the week of December 28, 2020.
Week of January 4, 2021—Tentative
There are no meetings scheduled for
the week of January 4, 2021.
Week of January 11, 2021—Tentative
There are no meetings scheduled for
the week of January 11, 2021.
Week of January 18, 2021—Tentative
There are no meetings scheduled for
the week of January 18, 2021.
Week of January 25, 2021—Tentative
There are no meetings scheduled for
the week of January 25, 2021.
CONTACT PERSON FOR MORE INFORMATION
:
For more information or to verify the
status of meetings, contact Denise
McGovern at 301–415–0681 or via email
at Denise.McGovern@nrc.gov. The
schedule for Commission meetings is
subject to change on short notice.
The NRC Commission Meeting
Schedule can be found on the internet
at: https://www.nrc.gov/public-involve/
public-meetings/schedule.html.
The NRC provides reasonable
accommodation to individuals with
disabilities where appropriate. If you
need a reasonable accommodation to
participate in these public meetings or
need this meeting notice or the
transcript or other information from the
public meetings in another format (e.g.,
braille, large print), please notify Anne
Silk, NRC Disability Program Specialist,
at 301–287–0745, by videophone at
240–428–3217, or by email at
Anne.Silk@nrc.gov. Determinations on
requests for reasonable accommodation
will be made on a case-by-case basis.
Members of the public may request to
receive this information electronically.
If you would like to be added to the
distribution, please contact the Nuclear
Regulatory Commission, Office of the
Secretary, Washington, DC 20555 (301–
415–1969), or by email at Tyesha.Bush@
nrc.gov. The NRC is holding the
meetings under the authority of the
Government in the Sunshine Act, 5
U.S.C. 552b.
Dated: December 17, 2020.
For the Nuclear Regulatory Commission.
Denise L. McGovern,
Policy Coordinator, Office of the Secretary.
[FR Doc. 2020–28181 Filed 12–17–20; 11:15 am]
BILLING CODE 7590–01–P
POSTAL REGULATORY COMMISSION
[Docket Nos. CP2020–183; CP2020–190;
MC2021–47 and CP2021–49]
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: December
23, 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.
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83113
Federal Register / Vol. 85, No. 245 / Monday, December 21, 2020 / Notices
1
15 U.S.C. 78s(b)(1).
2
17 CFR 240.19b–4.
3
See Securities Exchange Act Release No. 89897
(September 16, 2020), 85 FR 59574.
4
15 U.S.C. 78s(b)(2).
5
See Securities Exchange Act Release No. 90340,
85 FR 71704 (November 10, 2020).
6
15 U.S.C. 78s(b)(2)(B).
7
See Securities Exchange Act Release No. 58228
(July 25, 2008), 73 FR 44794 (July 31, 2008)
(adopting the predecessor to IM–5101–2).
8
See Nasdaq IM–5101–2(a).
9
See Nasdaq IM–5101–2(b).
10
See Nasdaq IM–5101–2(d). If a shareholder vote
on the business combination is held, public
shareholders voting against a business combination
must have the right to convert their shares of
common stock into a pro rata share of the aggregate
amount then in the escrow account (net of taxes
payable and amounts distributed to management for
working capital purposes) if the business
combination is approved and consummated. Id. If
a shareholder vote on the business combination is
not held, the company must provide all
shareholders with the opportunity to redeem their
shares for cash equal to their pro rata share of the
aggregate amount then in the deposit account (net
of taxes payable and amounts distributed to
management for working capital purposes). See
Nasdaq IM–5101–2(e).
11
See Nasdaq IM–5101–2(d).
12
Nasdaq has three listing tiers, each of which
require, among other things, a company to have a
minimum number of shareholders in order to
initially list on the Exchange. See Nasdaq Rule
5315(f)(1) (on Global Select, an issuer must have at
least 550 Total Holders with a minimum average
monthly trading volume over the prior 12 months,
2,200 Total Holders, or 450 Round Lot Holders with
50% of holders holding Unrestricted Securities);
Nasdaq Rule 5405(a)(3) (on Global, an issuer must
have at least 400 Round Lot Holders with 50% of
holders holding Unrestricted Securities); and
Continued
1. Docket No(s).: CP2020–183; Filing
Title: Notice of the United States Postal
Service of Filing Modification One to
International Priority Airmail,
Commercial ePacket, Priority Mail
Express International, Priority Mail
International & First-Class Package
International Service with Reseller
Contract 1 Negotiated Service
Agreement; Filing Acceptance Date:
December 15, 2020; Filing Authority: 39
U.S.C. 3642, 39 CFR 3040.130 through
3040.135, and 39 CFR 3035.105; Public
Representative: Jennaca D. Upperman;
Comments Due: December 23, 2020.
2. Docket No(s).: CP2020–190; Filing
Title: Notice of the United States Postal
Service of Filing Modification One to
International Priority Airmail,
Commercial ePacket, Priority Mail
Express International, Priority Mail
International & First-Class Package
International Service Contract 6
Negotiated Service Agreement; Filing
Acceptance Date: December 15, 2020;
Filing Authority: 39 U.S.C. 3642, 39 CFR
3040.130 through 3040.135, and 39 CFR
3035.105; Public Representative:
Jennaca D. Upperman; Comments Due:
December 23, 2020.
3. Docket No(s).: MC2021–47 and
CP2021–49; Filing Title: USPS Request
to Add International Priority Airmail,
International Surface Air Lift,
Commercial ePacket, Priority Mail
Express International, Priority Mail
International & First-Class Package
International Service Contract 1 to
Competitive Product List and Notice of
Filing Materials Under Seal; Filing
Acceptance Date: December 15, 2020;
Filing Authority: 39 U.S.C. 3642, 39 CFR
3040.130 through 3040.135, and 39 CFR
3035.105; Public Representative:
Jennaca D. Upperman; Comments Due:
December 23, 2020.
This Notice will be published in the
Federal Register.
Erica A. Barker,
Secretary.
[FR Doc. 2020–28133 Filed 12–18–20; 8:45 am]
BILLING CODE 7710–FW–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–90682; File No. SR–
NASDAQ–2020–062]
Self-Regulatory Organizations; The
Nasdaq Stock Market LLC; Order
Instituting Proceedings To Determine
Whether To Approve or Disapprove a
Proposed Rule Change To Amend
Listing Rules Applicable to Special
Purpose Acquisition Companies
Whose Business Plan Is To Complete
One or More Business Combinations
December 16, 2020.
I. Introduction
On September 3, 2020, The Nasdaq
Stock Market LLC (‘‘Nasdaq’’ 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 its listing rules to permit
companies whose business plan is to
complete one or more business
combinations (‘‘SPACs’’ or ‘‘Acquisition
Companies’’) 15 calendar days following
the closing of a business combination to
demonstrate that the SPAC has satisfied
the applicable round lot shareholder
requirement. The proposed rule change
was published for comment in the
Federal Register on September 22,
2020.
3
On November 4, 2020, pursuant
to Section 19(b)(2) of the Exchange Act,
4
the Commission designated a longer
period within which to approve the
proposed rule change, disapprove the
proposed rule change, or institute
proceedings to determine whether to
disapprove the proposed rule change to
December 21, 2020.
5
The Commission
has received no comment letters on the
proposed rule change. The Commission
is instituting proceedings pursuant to
Section 19(b)(2)(B) of the Act
6
to
determine whether to approve or
disapprove the proposed rule change.
II. Description of the Proposed Rule
Change
A SPAC is a company whose business
plan is to complete an initial public
offering and engage in a merger or
acquisition with one or more
unidentified companies within a
specific period of time.
7
Nasdaq listing
rules, among other things, require a
SPAC to keep at least 90% of the
proceeds from its initial public offering
in an escrow account,
8
and to complete
one or more business combinations
having an aggregate fair market value of
at least 80% of the value of the escrow
account within a specified period of
time.
9
Following each business
combination, the combined company
must meet the requirements for initial
listing on Nasdaq.
10
If the combined
company does not meet the initial
listing requirements following a
business combination, Nasdaq staff will
issue a Staff Delisting Determination
under Nasdaq Rule 5810.
11
In its proposal, Nasdaq acknowledges
that its existing rules require that,
‘‘following each business combination’’
with a SPAC, the resulting company
must satisfy all initial listing
requirements. Nasdaq asserts, however,
that the rule does not provide a
timetable for the company to
demonstrate that it satisfies those
requirements. Accordingly, Nasdaq
proposes to modify the rule to specify
if the SPAC demonstrates that it will
satisfy all requirements except the
applicable round lot shareholder
requirement, then the SPAC will receive
15 calendar days following the closing
to demonstrate that it satisfied the
applicable round lot shareholder
requirement immediately following the
transaction’s closing.
12
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