60992 Federal Register / Vol. 88, No. 171 / Wednesday, September 6, 2023 / Notices 

1See Docket No. RM2018–3, Order Adopting 

Final Rules Relating to Non-Public Information, 

June 27, 2018, Attachment A at 19–22 (Order No. 

4679). 

other Federal agencies the opportunity 

to comment on the review of the 

following expiring information 

collection request (ICR) with change: 

Death Benefit Payment Rollover, RI 94– 

7. 

DATES: Comments are encouraged and 

will be accepted until November 6, 

2023. 

ADDRESSES: You may submit comments, 

identified by docket number and title, 

by the following method: 

• Federal Rulemaking Portal: https:// 

www.regulations.gov. Follow the 

instructions for submitting comments. 

All submissions received must 

include the agency name and docket 

number for this document. The general 

policy for comments and other 

submissions from members of the public 

is to make these submissions available 

for public viewing at https://

www.regulations.gov as they are 

received without change, including any 

personal identifiers or contact 

information. 

FOR FURTHER INFORMATION CONTACT: A 

copy of this ICR with applicable 

supporting documentation may be 

obtained by contacting the Retirement 

Services Publications Team, Office of 

Personnel Management, 1900 E Street 

NW, Room 3316–L, Washington, DC 

20415, Attention: Cyrus S. Benson, or 

sent by email to Cyrus.Benson@opm.gov 

or faxed to (202) 606–0910 or reached 

via telephone at (202) 936–0401. 

SUPPLEMENTARY INFORMATION: Form RI 

94–7 provides Federal Employees 

Retirement System (FERS) surviving 

spouses and former spouses with the 

means to elect payment of FERS 

rollover-eligible benefits directly or to 

an Individual Retirement Arrangement 

(IRA), eligible employer plan, or Thrift 

Savings Plan (TSP) account. As required 

by the Paperwork Reduction Act of 1995 

(Pub. L. 104–13), as amended (44 U.S.C. 

chapter 35), OPM is soliciting comments 

for this collection (OMB No. 3206– 

0218). OPM is particularly interested in 

comments that: 

1. Evaluate whether the proposed 

collection of information is necessary 

for the proper performance of functions 

of the agency, including whether the 

information will have practical utility; 

2. Evaluate the accuracy of the 

agency’s estimate of the burden of the 

proposed collection of information, 

including the validity of the 

methodology and assumptions used; 

3. Enhance the quality, utility, and 

clarity of the information to be 

collected; and 

4. Minimize the burden of the 

collection of information on those who 

are to respond, including through the 

use of appropriate automated, 

electronic, mechanical, or other 

technological collection techniques or 

other forms of information technology, 

e.g., permitting electronic submissions 

of responses. 

Analysis 

Agency: Office of Personnel 

Management, Retirement Services. 

Title: Death Benefit Payment Rollover. 

OMB Number: 3206–0218. 

Frequency: On occasion. 

Affected Public: Individuals or 

Households. 

Number of Respondents: 3,444. 

Estimated Time per Respondent: 1 

hour. 

Total Burden Hours: 3,444. 

Office of Personnel Management. 

Kayyonne Marston, 

Federal Register Liaison. 

[FR Doc. 2023–19192 Filed 9–5–23; 8:45 am] 

BILLING CODE 6325–38–P 

POSTAL REGULATORY COMMISSION 

[Docket Nos. CP2022–74; CP2022–77; 

CP2022–92; MC2023–250 and CP2023–253] 

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 7, 

2023. 

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).: CP2022–74; Filing 

Title: USPS Notice of Amendment to 

Priority Mail Express, Priority Mail, 

First-Class Package Service & Parcel 

Select Contract 11, Filed Under Seal; 

Filing Acceptance Date: August 29, 

2023; Filing Authority: 39 CFR 

3035.105; Public Representative: Philip 

T. Abraham; Comments Due: September 

7, 2023. 

2. Docket No(s).: CP2022–77; Filing 

Title: USPS Notice of Amendment to 

Priority Mail Express, Priority Mail, 

First-Class Package Service & Parcel 


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Federal Register / Vol. 88, No. 171 / Wednesday, September 6, 2023 / Notices 60993 

1 15 U.S.C. 78s(b)(1). 

2 17 CFR 240.19b–4. 

3See Securities Exchange Act Release No. 95445 

(August 9, 2022), 87 FR 49884 (August 12, 2022) 

(SR–MEMX–2022–010). 

4See Securities Exchange Act Release No. 98013 

(July 27, 2013) (Order Approving SR–NYSEAMER– 

2023–27). 

5 Id. 

6Rule 19.3(a) requires that, for underlying 

securities to be eligible for option transactions, such 

securities must be duly registered and be an ‘‘NMS 

stock’’ as defined in Rule 600 of Regulation NMS 

under the Act and will be characterized by a 

substantial number of outstanding shares which are 

widely held and actively traded. See MEMX Rule 

19.3(a)(1) and (2). 

7See MEMX Rule 19.3(b)(5)(A). The Exchange is 

not proposing to make any changes to the 

guidelines for listing securities that are not a 

‘‘covered security’’. See MEMX Rule 19.3(b)(5)(B). 

Select Contract 14, Filed Under Seal; 

Filing Acceptance Date: August 29, 

2023; Filing Authority: 39 CFR 

3035.105; Public Representative: 

Kenneth R. Moeller; Comments Due: 

September 7, 2023. 

3. Docket No(s).: CP2022–92; Filing 

Title: USPS Notice of Amendment to 

Priority Mail Express, Priority Mail, 

First-Class Package Service & Parcel 

Select Contract 18, Filed Under Seal; 

Filing Acceptance Date: August 29, 

2023; Filing Authority: 39 CFR 

3035.105; Public Representative: 

Kenneth R. Moeller; Comments Due: 

September 7, 2023. 

4. Docket No(s).: MC2023–250 and 

CP2023–253; Filing Title: USPS Request 

to add Priority Mail & USPS Ground 

Advantage Contract 42 to Competitive 

Product List and Notice of Filing Under 

Seal; Filing Acceptance Date: August 29, 

2023; Filing Authority: 39 U.S.C. 3642, 

39 CFR 3040.130 through 3040.135, and 

39 CFR 3035.105; Public Representative: 

Philip T. Abraham; Comments Due: 

September 7, 2023. 

This Notice will be published in the 

Federal Register. 

Erica A. Barker, 

Secretary. 

[FR Doc. 2023–19119 Filed 9–5–23; 8:45 am] 

BILLING CODE 7710–FW–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–98253; File No. SR–MEMX– 

2023–17] 

Self-Regulatory Organizations; MEMX 

LLC; Notice of Filing and Immediate 

Effectiveness of a Proposed Rule 

Change To Amend Rule 19.3 (Criteria 

for Underlying Securities) To 

Accelerate the Listing of Options on 

Certain IPOs 

August 30, 2023. 

Pursuant to section 19(b)(1) of the 

Securities Exchange Act of 1934 (the 

‘‘Act’’),1 and Rule 19b–4 thereunder,2

notice is hereby given that on August 

22, 2023, MEMX LLC (‘‘MEMX’’ or the 

‘‘Exchange’’) filed with the Securities 

and Exchange Commission (the 

‘‘Commission’’) the proposed rule 

change as described in Items I and II 

below, which Items have been prepared 

by the Exchange. The Commission is 

publishing this notice to solicit 

comments on the proposed rule change 

from interested persons. 

I. Self-Regulatory Organization’s 

Statement of the Terms of Substance of 

the Proposed Rule Change 

The Exchange proposes to amend 

MEMX Rule 19.3 (Criteria for 

Underlying Securities) to permit an 

underlying security having a market 

capitalization of at least $3 billion based 

upon the offering price of its initial 

public offering, to be listed and traded 

starting on or after the second business 

day following the initial public offering 

day. The text of the proposed rule 

change is provided in Exhibit 5. 

II. Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

In its filing with the Commission, the 

Exchange included statements 

concerning the purpose of and basis for 

the proposed rule change and discussed 

any comments it received on the 

proposed rule change. The text of these 

statements may be examined at the 

places specified in Item IV below. The 

Exchange has prepared summaries, set 

forth in sections A, B, and C below, of 

the most significant aspects of such 

statements. 

A. Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

1. Purpose 

In August 2022, the Commission 

approved the Exchange’s adoption of 

rules to govern the trading of options on 

the Exchange by MEMX Options,3

which will be a facility of the Exchange. 

The Exchange plans to launch MEMX 

Options in September 2023, and in 

advance of that launch, the Exchange is 

proposing a listings rule change 

applicable to options that is 

substantially similar in all material 

respects to the proposal approved from 

NYSE American LLC (‘‘NYSE 

American’’).4 Specifically, the Exchange 

proposes to amend Rule 19.3 (Criteria 

for Underlying Securities) to permit an 

underlying security having a market 

capitalization of at least $3 billion based 

upon the offering price of its initial 

public offering, to be listed and traded 

starting on or after the second business 

day following the initial public offering 

day. This is a competitive filing that is 

based on a proposal recently submitted 

by NYSE American and approved by the 

Commission.5

The purpose of the proposed rule 

change is to amend Rule 19.3 (Criteria 

for Underlying Securities) (the ‘‘Rule’’) 

as set forth below. Following 

discussions with other exchanges and a 

cross-section of industry participants 

and in coordination with the Listed 

Options Market Structure Working 

Group (‘‘LOMSWG’’) (collectively, the 

‘‘Industry Working Group’’), the 

Exchange proposes to modify the 

standard set forth in the Rule for the 

listing and trading of options on 

‘‘covered securities’’ to reduce the time 

to market. 

Rule 19.3(b)(5)(A) sets forth the 

guidelines to be considered in 

evaluating for option transactions 

underlying securities that are ‘‘covered 

securities,’’ as defined in section 

18(b)(1)(A) of the Securities Act of 1933 

(hereinafter ‘‘covered security’’ or 

‘‘covered securities’’).6 Currently, the 

Exchange permits the listing of an 

option on an underlying covered 

security that, amongst other things, has 

a market price of at least $3.00 per share 

for the previous three consecutive 

business days preceding the date on 

which the Exchange submits a 

certificate to The Options Clearing 

Corporation (‘‘OCC’’) to list and trade 

options on the underlying security (the 

‘‘three-day lookback period’’).7 Under 

the current rule, if an initial public 

offering (‘‘IPO’’) occurs on a Monday, 

the earliest date the Exchange could 

submit its listing certificate to OCC 

would be on Thursday, with the market 

price determined by the closing price 

over the three-day lookback period from 

Monday through Wednesday. The 

option on the IPO’d security would then 

be eligible for trading on the Exchange 

on Friday (i.e., within four business 

days of the IPO inclusive of the day the 

listing certificate is submitted to OCC). 

The Exchange notes that the three-day 

look back period helps ensure that 

options on underlying securities may be 

listed and traded in a timely manner 

while also allowing time for OCC to 

accommodate the certification request. 

However, there are certain large IPOs 

that issue high-priced securities—well 


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