Federal Register / Vol. 80, No. 64 / Friday, April 3, 2015 / Notices 18269 

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

2 15 U.S.C. 78a. 

3 17 CFR 240.19b–4. 

4See Securities Exchange Act Release No. 45680 

(April 2, 2002), 67 FR 17094 (April 9, 2002) (SR– 

PCX–2002–16) (the ‘‘2002 Filing’’). NYSE Arca 

Equities Rule 1.1(m) defines ‘‘ETP’’ as an Equity 

Trading Permit issued by the Exchange for effecting 

approved securities transactions on the Exchange. 

5Pursuant to NYSE Arca Equities Rule 1.1(n), the 

term ‘‘ETP Holder’’ refers to a sole proprietorship, 

partnership, corporation, limited liability company 

or other organization in good standing that has been 

issued an ETP. An ETP Holder must be a registered 

broker or dealer pursuant to section 15 of the Act. 

6See Nasdaq Rule 7001. 

POSTAL SERVICE 

Product Change—Priority Mail 

Express, Priority Mail, & First-Class 

Package Service Negotiated Service 

Agreement 

AGENCY: Postal ServiceTM. 

ACTION: Notice. 

SUMMARY: The Postal Service gives 

notice of filing a request with the Postal 

Regulatory Commission to add a 

domestic shipping services contract to 

the list of Negotiated Service 

Agreements in the Mail Classification 

Schedule’s Competitive Products List. 

DATES: Effective date: April 3, 2015. 

FOR FURTHER INFORMATION CONTACT: 

Elizabeth A. Reed, 202–268–3179. 

SUPPLEMENTARY INFORMATION: The 

United States Postal Service® hereby 

gives notice that, pursuant to 39 U.S.C. 

3642 and 3632(b)(3), on June 13, 2014, 

it filed with the Postal Regulatory 

Commission a Request of the United 

States Postal Service to Add Priority 

Mail Express, Priority Mail, & First-Class 

Package Service Contract 3 to 

Competitive Product List. Documents 

are available at www.prc.gov, Docket 

Nos. MC2014–27, CP2014–53. 

Stanley F. Mires, 

Attorney, Legal Policy & Legislative Advice. 

[FR Doc. 2015–07660 Filed 4–2–15; 8:45 am] 

BILLING CODE 7710–12–P 

OFFICE OF SCIENCE AND 

TECHNOLOGY POLICY 

Impact of the Select Agent and Toxin 

Regulations; Correction 

AGENCY: Office of Science and 

Technology Policy. 

ACTION: Notice; correction. 

SUMMARY: The Office of Science and 

Technology Policy published a 

document in the Federal Register 

Notice, 2015–05906, on March 16, 2015, 

pages 13639–13641, concerning a 

Request for Public Comment on the 

Impact of the Select Agent Regulations. 

The document contains incorrect dates 

as we wish to extend the comment 

period to April 10, 2015, 5 p.m. ET. 

FOR FURTHER INFORMATION CONTACT: May 

Chu at (202)–456–6029. 

Corrections 

In the Federal Register of March 16, 

2015, in the FR Doc. 2015–05906, 

(1) On page 13640 in the SUMMARY

section (which starts on page 13639) in 

the first column, first line, correct the 

date to read: 

5 p.m. ET on April 10, 2015 to be 

considered. 

(2) On page 13640, first column, 

correct the DATES caption to read: 

DATES: Documents must be received by 

5:00 p.m. ET on April 10, 2015 to be 

considered. 

Dated: March 30, 2015. 

Ted Wackler, 

Deputy Chief of Staff and Assistant Director. 

[FR Doc. 2015–07649 Filed 4–2–15; 8:45 am] 

BILLING CODE 3170–F5–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–74605; File No. SR– 

NYSEArca–2015–21] 

Self-Regulatory Organizations; NYSE 

Arca, Inc.; Notice of Filing and 

Immediate Effectiveness of Proposed 

Rule Change Amending the NYSE Arca 

Equities Schedule of Fees and 

Charges for Exchange Services To 

Change the ETP Fee 

March 30, 2015. 

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

Securities Exchange Act of 1934 (the 

‘‘Act’’) 2 and Rule 19b–4 thereunder,3

notice is hereby given that, on March 

19, 2015, NYSE Arca, Inc. (the 

‘‘Exchange’’ or ‘‘NYSE Arca’’) filed with 

the Securities and Exchange 

Commission (the ‘‘Commission’’) the 

proposed rule change as described in 

Items I, II, and III below, which Items 

have been prepared by the selfregulatory organization. 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 the 

NYSE Arca Equities Schedule of Fees 

and Charges for Exchange Services to 

change the ETP Fee. The text of the 

proposed rule change is available on the 

Exchange’s Web site at www.nyse.com, 

at the principal office of the Exchange, 

and at the Commission’s Public 

Reference Room. 

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 

self-regulatory organization 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 those 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 parts of such 

statements. 

A. Self-Regulatory Organization’s 

Statement of the Purpose of, and the 

Statutory Basis for, the Proposed Rule 

Change 

1. Purpose 

The Exchange proposes to amend the 

Fee Schedule to change the name of the 

‘‘Monthly ETP Fee’’ to ‘‘ETP Fee’’ and 

to cease to waive the ETP Fee by adding 

an ETP Fee of $15,000 per year. The 

Exchange proposes to implement the fee 

change on April 1, 2015. 

The Fee Schedule currently includes 

a Monthly ETP Fee charged to ETP 

Holders that the Exchange has waived 

since 2002.4

Beginning April 1, 2015, the Exchange 

proposes to change the name of the 

‘‘Monthly ETP Fee’’ to the ‘‘ETP Fee,’’ 

and to set the ETP Fee at $15,000 per 

year per ETP Holder.5 The Fee Schedule 

would specify that each ETP Holder 

would be assessed the ETP Fee on a 

monthly basis for each month during 

which the ETP is held for any portion 

of the month. Billing would commence 

with the month of April 2015. 

The Exchange believes it appropriate 

to charge the ETP Fee to fund the 

administrative and operating costs of 

the activity of the Exchange. The 

Exchange notes that the ETP Fee would 

be comparable to the analogous 

membership fees assessed by other 

markets. For example, The Nasdaq 

Stock Market, LLC (‘‘Nasdaq’’) assesses 

a membership fee of $3,000 per year, a 

trading rights fee of $1,000 per month 

and a fee of $500 per month per market 

participant identifier and market 

participant identifiers issued to a 

member.6 The Exchange’s affiliate, the 

New York Stock Exchange (‘‘NYSE’’) 

assesses an annual fee of $50,000 for the 

first license held by a member 


asabaliauskas on DSK5VPTVN1PROD with NOTICES
18270 Federal Register / Vol. 80, No. 64 / Friday, April 3, 2015 / Notices 

7See https://www.nyse.com/publicdocs/nyse/

markets/nyse/NYSE_Price_List.pdf. 

8 15 U.S.C. 78f(b). 

9 15 U.S.C. 78f(b)(4) and (5). 

10 15 U.S.C. 78f(b)(8). 

11 15 U.S.C. 78s(b)(3)(A). 

12 17 CFR 240.19b–4(f)(2). 

13 15 U.S.C. 78s(b)(2)(B). 

14 17 CFR 200.30–3(a)(12). 

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

organization, and $15,000 for each 

additional license.7

The proposed change is not otherwise 

intended to address any other issues, 

and the Exchange is not aware of any 

problems that ETP Holders would have 

in complying with the proposed change. 

2. Statutory Basis 

The Exchange believes that the 

proposed rule change is consistent with 

section 6(b) of the Act,8 in general, and 

furthers the objectives of sections 6(b)(4) 

and 6(b)(5) of the Act,9 in particular, 

because it provides for the equitable 

allocation of reasonable dues, fees, and 

other charges among its members, 

issuers and other persons using its 

facilities and does not unfairly 

discriminate between customers, 

issuers, brokers or dealers. The 

Exchange believes that charging the ETP 

Fee is a reasonable and equitable 

method of ensuring that Exchange fees 

fund the administrative and operating 

costs of the activity of the Exchange. 

The Exchange because further believes 

that the proposal to charge an ETP Fee 

is equitable and not unfairly 

discriminatory because all similarly 

situated ETP Holders would be subject 

to the same ETP Fee and because access 

to the Exchange’s market would 

continue to be offered on fair and 

nondiscriminatory terms. 

For these reasons, the Exchange 

believes that the proposal is consistent 

with the Act. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

In accordance with section 6(b)(8) of 

the Act,10 the Exchange believes that the 

proposed rule change would not impose 

any burden on competition that is not 

necessary or appropriate in furtherance 

of the purposes of the Act. 

As discussed above, the Exchange’s 

membership fees are comparable to the 

analogous membership fees of Nasdaq 

and the NYSE. In addition, membership 

fees are subject to competition from 

other exchanges. The Exchange notes 

that it operates in a highly competitive 

market in which market participants can 

readily favor competing venues if they 

deem fee levels at a particular venue to 

be excessive. In such an environment, 

the Exchange must continually adjust its 

fees to remain competitive with other 

exchanges and with alternative trading 

systems that have been exempted from 

compliance with the statutory standards 

applicable to exchanges. Because 

competitors are free to modify their own 

fees in response, and because market 

participants may readily adjust their 

order routing practices, the Exchange 

believes that the degree to which fee 

changes in this market may impose any 

burden on competition is extremely 

limited. As a result of all of these 

considerations, the Exchange does not 

believe that the proposed changes will 

impair the ability of ETP Holders to 

maintain their competitive standing in 

the financial markets. 

C. Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants, or Others 

No written comments were solicited 

or received with respect to the proposed 

rule change. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

The foregoing rule change is effective 

upon filing pursuant to section 

19(b)(3)(A) 11 of the Act and 

subparagraph (f)(2) of Rule 19b–4 12

thereunder, because it establishes a due, 

fee, or other charge imposed by the 

Exchange. 

At any time within 60 days of the 

filing of such 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 

under section 19(b)(2)(B) 13 of the Act to 

determine whether the proposed rule 

change 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– 

NYSEArca–2015–21 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–NYSEArca–2015–21. 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 Web site (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 Web site viewing and 

printing in the Commission’s Public 

Reference Section, 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 such 

filing will also be available for 

inspection and copying at the principal 

office of the Exchange. All comments 

received will be posted without change; 

the Commission does not edit personal 

identifying information from 

submissions. You should submit only 

information that you wish to make 

available publicly. All submissions 

should refer to File Number SR– 

NYSEArca–2015–21 and should be 

submitted on or before April 24, 2015. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.14

Brent J. Fields, 

Secretary. 

[FR Doc. 2015–07620 Filed 4–2–15; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–74604; File No. SR– 

NYSEArca–2015–20] 

Self-Regulatory Organizations; 

Proposed Rule Chanages; NYSE Arca, 

Inc. 

March 30, 2015. 

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

Securities Exchange Act of 1934 (the 


asabaliauskas on DSK5VPTVN1PROD with NOTICES