27638 Federal Register / Vol. 83, No. 114 / Wednesday, June 13, 2018 / Notices 

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

2 17 CFR 240.19b–4. 

3 17 CFR 240.19b–4(f)(6). 

Title Date ADAMS 

accession No. 

Exelon letter to NRC, Three Mile Island Nuclear Station, Units 1 and 2, ‘‘Request for Exemption from Specific 

Provisions in 10 CFR 73.55(p)(1)(i) and (p)(1)(ii) Related to the Suspension of Security Measures in an 

Emergency or During Severe Weather’’.

8/01/2017 ML17213A097 

NRC letter to Exelon, ‘‘Three Mile Island Nuclear Station, Unit 1—Approval of Certified Fuel Handler Training 

and Retraining Program’’.

12/29/2017 ML17228A729 

Dated at Rockville, Maryland, this 7th day 

of June 2018. 

For the Nuclear Regulatory Commission. 

Joseph G. Giitter, 

Director, Division of Operating Reactor 

Licensing, Office of Nuclear Reactor 

Regulation. 

[FR Doc. 2018–12652 Filed 6–12–18; 8:45 am] 

BILLING CODE 7590–01–P 

POSTAL REGULATORY COMMISSION 

[Docket No. CP2016–111] 

New Postal Product 

AGENCY: Postal Regulatory Commission. 

ACTION: Notice. 

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: June 15, 

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 has filed request(s) for the 

Commission to consider matters related 

to negotiated service agreement(s). The 

requests(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).: CP2016–111; Filing 

Title: USPS Notice of Amendment to 

Priority Mail Contract 192, Filed Under 

Seal; Filing Acceptance Date: June 7, 

2018; Filing Authority: 39 CFR 3015.5; 

Public Representative: Jennaca D. 

Upperman; Comments Due: June 15, 

2018. 

This notice will be published in the 

Federal Register. 

Stacy L. Ruble, 

Secretary. 

[FR Doc. 2018–12695 Filed 6–12–18; 8:45 am] 

BILLING CODE 7710–FW–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–83392; File No. SR–FINRA– 

2018–022] 

Self-Regulatory Organizations; 

Financial Industry Regulatory 

Authority, Inc.; Notice of Filing and 

Immediate Effectiveness of a Proposed 

Rule Change To Extend the Tier Size 

Pilot of Rule 6433 (Minimum Quotation 

Size Requirements for OTC Equity 

Securities) 

June 7, 2018. 

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

Securities Exchange Act of 1934 

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

notice is hereby given that on May 31, 

2018, Financial Industry Regulatory 

Authority, Inc. (‘‘FINRA’’) filed with the 

Securities and Exchange Commission 

(‘‘SEC’’ or ‘‘Commission’’) the proposed 

rule change as described in Items I and 

II below, which Items have been 

prepared by FINRA. FINRA has 

designated the proposed rule change as 

constituting a ‘‘non-controversial’’ rule 

change under paragraph (f)(6) of Rule 

19b–4 under the Act,3 which renders 

the proposal effective upon receipt of 

this filing by the Commission. 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 

FINRA is proposing to amend FINRA 

Rule 6433 (Minimum Quotation Size 

Requirements for OTC Equity 

Securities) to extend the Tier Size Pilot, 

which currently is scheduled to expire 

on June 7, 2018, until December 7, 2018. 

The text of the proposed rule change 

is available on FINRA’s website at 

http://www.finra.org, at the principal 

office of FINRA and at the 

Commission’s Public Reference Room. 


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Federal Register / Vol. 83, No. 114 / Wednesday, June 13, 2018 / Notices 27639 

4See Securities Exchange Act Release No. 82153 

(November 22, 2017), 82 FR 56300 (November 28, 

2017) (Notice of Filing and Immediate Effectiveness 

of File No. SR–FINRA–2017–035). 5See Securities Exchange Act Release No. 65568 

(October 14, 2011), 76 FR 65307 (October 20, 2011) 

(Notice of Filing of File No. SR–FINRA–2011–058). 

6 ‘‘OTC Equity Security’’ means any equity 

security that is not an ‘‘NMS stock’’ as that term is 

defined in Rule 600(b)(47) of SEC Regulation NMS; 

provided, however, that the term OTC Equity 

Security shall not include any Restricted Equity 

Security. See FINRA Rule 6420. 

7FINRA ceased collecting Pilot data for 

submission to the Commission on February 13, 

2015. 

8The assessment is part of the SEC’s comment file 

for SR–FINRA–2011–058 and also is available on 

FINRA’s website at: http://www.finra.org/Industry/ 

Regulation/RuleFilings/2011/P124615 (‘‘Pilot 

Assessment’’). 

9See Securities Exchange Act Release No. 70839 

(November 8, 2013), 78 FR 68893 (November 15, 

2013) (Notice of Filing and Immediate Effectiveness 

of File No. SR–FINRA–2013–049). 

10See Securities Exchange Act Release No. 83129 

(April 30, 2018), 83 FR 20131 (May 7, 2018) (Notice 

of Filing of File No. SR–FINRA–2018–015). 

11See Letter from Eugene P. Torpey, Chief 

Compliance Officer, Vandham Securities Corp., 

dated May 10, 2018. 

12 15 U.S.C. 78o–3(b)(6). 

13 15 U.S.C. 78o–3(b)(11). 

14 15 U.S.C. 78s(b)(3)(A). 

15 17 CFR 240.19b–4(f)(6). In addition, Rule 19b– 

4(f)(6) requires FINRA to give the Commission 

written notice of its intent to file the proposed rule 

change, along with a brief description and text of 

the proposed rule change, at least five business days 

prior to the date of filing of the proposed rule 

change, or such shorter time as designated by the 

Commission. FINRA has satisfied this requirement. 

16 17 CFR 240.19b–4(f)(6). 

17 17 CFR 240.19b–4(f)(6)(iii). 

II. Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

In its filing with the Commission, 

FINRA 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. FINRA 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 

FINRA proposes to amend FINRA 

Rule 6433 (Minimum Quotation Size 

Requirements for OTC Equity 

Securities) (the ‘‘Rule’’) to extend, until 

December 7, 2018, the amendments set 

forth in File No. SR–FINRA–2011–058 

(‘‘Tier Size Pilot’’ or ‘‘Pilot’’), which 

currently are scheduled to expire on 

June 7, 2018.4

The Tier Size Pilot was filed with the 

SEC on October 6, 2011,5 to amend the 

minimum quotation sizes (or ‘‘tier 

sizes’’) for OTC Equity Securities.6 The 

goals of the Pilot were to simplify the 

tier structure, facilitate the display of 

customer limit orders, and expand the 

scope of the Rule to apply to additional 

quoting participants. During the course 

of the Pilot, FINRA collected and 

provided to the SEC specified data with 

which to assess the impact of the Pilot 

tiers on market quality and limit order 

display.7 On September 13, 2013, 

FINRA provided to the Commission an 

assessment on the operation of the Tier 

Size Pilot utilizing data covering the 

period from November 12, 2012 through 

June 30, 2013.8 As noted in the 2013 

Assessment, FINRA believed that the 

analysis of the data generally showed 

that the Tier Size Pilot had a neutral to 

positive impact on OTC market quality 

for the majority of OTC Equity 

Securities and tiers; and that there was 

an overall increase of 13% in the 

number of customer limit orders that 

met the minimum quotation sizes to be 

eligible for display under the Pilot tiers. 

In the 2013 Assessment, FINRA 

recommended adopting the tiers as 

permanent, but extended the Pilot 

period to allow more time to gather and 

analyze data after the November 12, 

2012 through June 30, 2013 assessment 

period.9

On April 20, 2018, FINRA proposed a 

rule change to adopt the pilot tiers as 

permanent. The Commission published 

that proposal in the Federal Register for 

notice and comment on May 7, 2018, 

and the comment period expired on 

May 29, 2018.10 The Commission 

received one comment letter in response 

to the Proposal.11 The purpose of the 

instant filing is to extend the operation 

of the Tier Size Pilot until December 7, 

2018, to provide additional time for the 

Commission to consider FINRA’s 

proposal to adopt the pilot tiers as 

permanent and comments received. 

FINRA has filed the proposed rule 

change for immediate effectiveness. The 

operative date of the proposed rule 

change will be June 7, 2018. 

2. Statutory Basis 

FINRA believes that the proposed rule 

change is consistent with the provisions 

of Section 15A(b)(6) of the Act,12 which 

requires, among other things, that 

FINRA rules must be designed to 

prevent fraudulent and manipulative 

acts and practices, to promote just and 

equitable principles of trade, and, in 

general, to protect investors and the 

public interest. FINRA also believes that 

the proposed rule change is consistent 

with the provisions of Section 

15A(b)(11) of the Act.13 Section 

15A(b)(11) requires that FINRA rules 

include provisions governing the form 

and content of quotations relating to 

securities sold otherwise than on a 

national securities exchange which may 

be distributed or published by any 

member or person associated with a 

member, and the persons to whom such 

quotations may be supplied. 

FINRA believes that the extension of 

the Tier Size Pilot until December 7, 

2018, is consistent with the Act in that 

it would provide the Commission with 

additional time to consider FINRA’s 

proposal to adopt the pilot tiers as 

permanent and comments received. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

FINRA does not believe that the 

proposed rule change will result in any 

burden on competition that is not 

necessary or appropriate in furtherance 

of the purposes of the Act. 

C. Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants, or Others 

Written comments were neither 

solicited nor received. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

Because the foregoing proposed rule 

change does not: (i) Significantly affect 

the protection of investors or the public 

interest; (ii) impose any significant 

burden on competition; and (iii) become 

operative for 30 days from the date on 

which it was filed, or such shorter time 

as the Commission may designate, it has 

become effective pursuant to Section 

19(b)(3)(A) of the Act 14 and Rule 19b– 

4(f)(6) thereunder.15

A proposed rule change filed under 

Rule 19b–4(f)(6) 16 normally does not 

become operative prior to 30 days after 

the date of filing. However, pursuant to 

Rule 19b–4(f)(6)(iii),17 the Commission 

may designate a shorter time if such 

action is consistent with the protection 

of investors and the public interest. 

The Commission is waiving the 30- 

day operative delay so that the proposal 

may become operative immediately 

upon filing. The Commission believes 

that waiver of the operative delay is 

consistent with the protection of 

investors and the public interest 

because such waiver will allow the pilot 

program to continue without 

interruption. Therefore, the Commission 


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27640 Federal Register / Vol. 83, No. 114 / Wednesday, June 13, 2018 / Notices 

18For purposes only of waiving the 30-day 

operative delay, the Commission has considered the 

proposed rule’s impact on efficiency, competition, 

and capital formation. See 15 U.S.C. 78c(f). 

19 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

designates the proposal operative upon 

filing.18

At any time within 60 days of the 

filing of the proposed rule change, the 

Commission summarily may 

temporarily suspend such rule change if 

it appears to the Commission that such 

action is necessary or appropriate in the 

public interest, for the protection of 

investors, or otherwise in furtherance of 

the purposes of the Act. If the 

Commission takes such action, the 

Commission shall institute proceedings 

to determine whether the proposed rule 

should be approved or disapproved. 

IV. Solicitation of Comments 

Interested persons are invited to 

submit written data, views, and 

arguments concerning the foregoing, 

including whether the proposed rule 

change is consistent with the Act. 

Comments may be submitted by any of 

the following methods: 

Electronic Comments 

• Use the Commission’s internet 

comment form (http://www.sec.gov/ 

rules/sro.shtml); or 

• Send an email to rule-comments@

sec.gov. Please include File Number SR– 

FINRA–2018–022 on the subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Secretary, Securities and Exchange 

Commission, 100 F Street NE, 

Washington, DC 20549–1090. 

All submissions should refer to File 

Number SR–FINRA–2018–022. This file 

number should be included on the 

subject line if email is used. To help the 

Commission process and review your 

comments more efficiently, please use 

only one method. The Commission will 

post all comments on the Commission’s 

internet website (http://www.sec.gov/ 

rules/sro.shtml). Copies of the 

submission, all subsequent 

amendments, all written statements 

with respect to the proposed rule 

change that are filed with the 

Commission, and all written 

communications relating to the 

proposed rule change between the 

Commission and any person, other than 

those that may be withheld from the 

public in accordance with the 

provisions of 5 U.S.C. 552, will be 

available for website viewing and 

printing in the Commission’s Public 

Reference Room, 100 F Street NE, 

Washington, DC 20549 on official 

business days between the hours of 

10:00 a.m. and 3:00 p.m. Copies of the 

filing will also be available for 

inspection and copying at the principal 

office of FINRA. All comments received 

will be posted without change. Persons 

submitting comments are cautioned that 

we do not redact or edit personal 

identifying information from comment 

submissions. You should submit only 

information that you wish to make 

available publicly. All submissions 

should refer to File Number SR–FINRA– 

2018–022 and should be submitted on 

or before July 5, 2018. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.19

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2018–12647 Filed 6–12–18; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–83395; File No. SR– 

NASDAQ–2018–041] 

Self-Regulatory Organizations; The 

Nasdaq Stock Market LLC; Notice of 

Filing and Immediate Effectiveness of 

Proposed Rule Change To Adopt 

Listing Standard for Paired Share Units 

June 7, 2018. 

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

Securities Exchange Act of 1934 

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

notice is hereby given that on May 30, 

2018, The Nasdaq Stock Market LLC 

(‘‘Nasdaq’’ or the ‘‘Exchange’’) filed with 

the Securities and Exchange 

Commission (‘‘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 adopt a 

listing standard for Paired Share Units. 

The text of the proposed rule change 

is set forth below. Proposed new 

language is italicized; deleted text is in 

brackets. 

* * * * * 

The Nasdaq Stock Market Rules 

* * * * * 

5225. Listing Requirements for Units 

(other than Paired Share Units) 

No change. 

5226. Paired Share Units 

A ‘‘Paired Share Unit’’ is a security 

consisting of a share of the common 

stock of a Company (the ‘‘Parent’’) and 

a share of the common stock of that 

Company’s controlled subsidiary, 

which: (1) are attached together; and (2) 

only can be traded together as a unit 

pursuant to a pairing agreement. 

Instead of the requirements in Rule 5225 

(except as indicated below), a Paired 

Share Unit can list on the Nasdaq 

Global or Global Select Markets if it 

meets the following requirements: 

(a) For initial and continued listing, 

the controlled subsidiary must be a real 

estate investment trust (the ‘‘REIT’’) and 

the Parent must maintain ownership 

control, including voting control, over 

the REIT. 

(b) For initial listing, the Parent and 

the REIT must each separately satisfy 

the entity-level requirements of Rule 

5315(f)(3) or Rule 5405(b) (e.g., the 

stockholders’ equity, income, market 

capitalization, assets, revenue and 

operating history requirements), as 

applicable, and the Paired Share Unit 

must satisfy the security-level 

requirements of Rule 5315 or Rule 5405 

(e.g., the price, publicly held shares, 

holder, market value of publicly held 

shares and market maker requirements), 

as applicable. 

(c) For continued listing, the Parent 

and the REIT must each separately 

satisfy the applicable entity-level 

requirements of Rule 5450(b) and the 

Paired Share Unit must satisfy the 

applicable security-level requirements 

of Rules 5450(a) and 5450(b). 

(d) For initial and continued listing, 

the Parent and the REIT must each 

separately satisfy all other requirements 

of the listing rules applicable to a 

Company listing its primary equity 

security, including, without limitation, 

the corporate governance requirements 

in the Rule 5600 Series. 

(e) For initial and continued listing, 

the common stock of the Parent, the 

common stock of the REIT and the 

Paired Share Unit must each be 

registered pursuant to Section 12(b) of 

the Act. 

(f) For initial and continued listing, 

the common stock of the Parent and the 

common stock of the REIT, as attached 

and traded together in the Paired Share 

Unit, must be the only securities of each 

of the Parent and the REIT available to 

public investors. 

(g) The provisions of Rules 5225(a)(2) 

and 5225(a)(3) are applicable to Paired 

Share Units. 


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