19144 Federal Register / Vol. 87, No. 63 / Friday, April 1, 2022 / 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). 

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

2 17 CFR 240.19b–4. 

Room 7H31, 1900 E Street NW, 

Washington, DC 20415, (202) 606–2858. 

FOR FURTHER INFORMATION CONTACT: Ana 

Paunoiu, 202–606–2858, or email payleave-policy@opm.gov. 

SUPPLEMENTARY INFORMATION: This 

meeting is open to the public, with an 

audio option for listening. This notice 

sets forth the agenda for the meeting and 

the participation guidelines. 

Meeting Agenda. The tentative agenda 

for this meeting includes the following 

Federal Wage System items: 

• The definition of Monroe County, PA 

• The definition of San Joaquin County, 

CA 

• The definition of the SalinasMonterey, CA, wage area 

• The definition of the Puerto Rico 

wage area 

• Prevailing Rate Advisory Committee 

Annual Summary for 2020 

Public Participation: The April 21, 

2022, meeting of the Federal Prevailing 

Rate Advisory Committee is open to the 

public through advance registration. 

Public participation is available for the 

meeting. All individuals who plan to 

attend the virtual public meeting to 

listen must register by sending an email 

to pay-leave-policy@opm.gov with the 

subject line ‘‘April 21 FPRAC Meeting’’ 

no later than Tuesday, April 19, 2022. 

The following information must be 

provided when registering: 

• Name. 

• Agency and duty station. 

• Email address. 

• Your topic of interest. 

Members of the press, in addition to 

registering for this event, must also 

RSVP to media@opm.gov by April 19, 

2022. 

A confirmation email will be sent 

upon receipt of the registration. Audio 

teleconference information for 

participation will be sent to registrants 

the morning of the virtual meeting. 

Office of Personnel Management. 

Alexys Stanley, 

Regulatory Affairs Analyst. 

[FR Doc. 2022–06869 Filed 3–31–22; 8:45 am] 

BILLING CODE P 

POSTAL REGULATORY COMMISSION 

[Docket Nos. MC2022–48 and CP2022–53] 

New Postal Products 

AGENCY: Postal Regulatory Commission. 

ACTION: Notice. 

SUMMARY: The Commission is noticing 

recent Postal Service filings for the 

Commission’s consideration concerning 

a negotiated service agreement. This 

notice informs the public of the filings, 

invites public comment, and takes other 

administrative steps. 

DATES: Comments are due: April 5, 

2022. 

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).: MC2022–48 and 

CP2022–53; Filing Title: USPS Request 

to Add Priority Mail & First-Class 

Package Service Contract 216 to 

Competitive Product List and Notice of 

Filing Materials Under Seal; Filing 

Acceptance Date: March 28, 2022; 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: 

April 5, 2022. 

This Notice will be published in the 

Federal Register. 

Erica A. Barker, 

Secretary. 

[FR Doc. 2022–06918 Filed 3–31–22; 8:45 am] 

BILLING CODE 7710–FW–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–94533; File No. SR–Phlx– 

2022–13] 

Self-Regulatory Organizations; Nasdaq 

PHLX LLC; Notice of Filing and 

Immediate Effectiveness of Proposed 

Rule Change To Amend the 

Implementation Date Related to the 

Launch of Options on the Nasdaq-100 

Volatility Index 

March 28, 2022. 

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 March 15, 

2022, Nasdaq PHLX LLC (‘‘Phlx’’ or 

‘‘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. 


lotter on DSK11XQN23PROD with NOTICES1
Federal Register / Vol. 87, No. 63 / Friday, April 1, 2022 / Notices 19145 

3See Securities Exchange Act Release No. 91781 

(May 5, 2021), 86 FR 25918 (May 11, 2021) (SR– 

Phlx–2020–41) (Notice of Filing of Amendment 

Nos. 1 and 2 and Order Granting Accelerated 

Approval of a Proposed Rule Change, as Modified 

by Amendment Nos. 1 and 2, To List and Trade 

Options on a Nasdaq-100 Volatility Index). 

4See Securities Exchange Act Release No. 93628 

(November 19, 2021), 86 FR 67555 (November 26, 

2021) (SR–Phlx–2021–56) (Order Approving a 

Proposed Rule Change To Amend Options 4A, 

Section 12 Regarding the Calculation of the Closing 

Volume Weighted Average Price for Options on the 

Nasdaq-100 Volatility Index in Certain 

Circumstances). 

5 15 U.S.C. 78f(b). 

6 15 U.S.C. 78f(b)(5). 

7 15 U.S.C. 78s(b)(3)(A)(iii). 

8 17 CFR 240.19b–4(f)(6). In addition, Rule 19b– 

4(f)(6) requires a self-regulatory organization to give 

the Commission written notice of its intent to file 

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. The Exchange has satisfied this 

requirement. 

9 17 CFR 240.19b–4(f)(6). 

10 17 CFR 240.19b–4(f)(6)(iii). 

11For purposes only of waiving the 30-day 

operative delay, the Commission has also 

considered the proposed rule’s impact on 

efficiency, competition, and capital formation. See 

15 U.S.C. 78c(f). 

I. Self-Regulatory Organization’s 

Statement of the Terms of Substance of 

the Proposed Rule Change 

The Exchange proposes to amend the 

implementation date related to the 

launch of options on the Nasdaq-100®

Volatility Index. 

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 

The Exchange proposes to amend the 

implementation date related to the 

launch of options on the Nasdaq-100®

Volatility Index (‘‘VOLQ’’). In 2021, 

Phlx received approval 3 to list and 

trade options on VOLQ. Phlx 

subsequently received approval 4 in 

2021 to amend the calculation of its 

final settlement price for options on 

VOLQ. When Phlx amended the 

calculation of its final settlement price 

for options on VOLQ, it also amended 

its implementation date to ‘‘on or before 

March 31, 2022.’’ At this time the 

Exchange proposes to delay the launch 

of VOLQ to ‘‘on or before June 30, 

2022.’’ The Exchange proposes the 

additional time to ensure market 

readiness and to allow a third-party 

vendor additional time to test before 

launch. The Exchange will issue an 

Options Trader Alert announcing the 

day it will list options on VOLQ on Phlx 

at least thirty days prior to the launch 

date. 

Background 

VOLQ is a new options index product 

that would enable retail and 

institutional investors to manage 

volatility versus price risk. This index 

will measure ‘‘at-the-money’’ volatility, 

a precise measure of volatility used by 

investors. Unlike other indexes, this 

proposed novel product isolates at-themoney volatility for precise trading and 

hedging strategies. This product will 

provide investors information on 

volatility index returns by allowing 

them to observe increases and decreases 

of the Volatility Index. Specifically, 

VOLQ options will measure changes in 

30-day implied volatility of the Nasdaq100 Index (commonly known as and 

referred to by its ticker symbol, NDX). 

Options on the Volatility Index will be 

cash-settled and will have Europeanstyle exercise provisions. 

2. Statutory Basis 

The Exchange believes that its 

proposal is consistent with Section 6(b) 

of the Act,5 in general, and furthers the 

objectives of Section 6(b)(5) of the Act,6

in particular, in that it is designed to 

promote just and equitable principles of 

trade, to remove impediments to and 

perfect the mechanism of a free and 

open market and a national market 

system, and, in general to protect 

investors and the public interest, by 

delaying the launch of options on VOLQ 

from ‘‘on or before March 31, 2022’’ to 

‘‘on or before June 30, 2022.’’ This delay 

will provide additional time to ensure 

market readiness and to allow a thirdparty vendor additional time to test 

before launch, thereby ensuring a 

successful launch of this new product. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

This proposed rule change does not 

impose any burden on competition that 

is not necessary or appropriate in 

furtherance of the purposes of the Act. 

The Exchange’s proposal to delay the 

launch of options on VOLQ does not 

impose an undue burden on 

competition. Delaying the launch from 

‘‘on or before March 31, 2022’’ to ‘‘on 

or before June 30, 2022’’ will provide 

Phlx additional time to ensure market 

readiness as well as allow a third-party 

vendor additional time to test before 

launch. The Exchange will issue an 

Options Trader Alert announcing the 

day it will list options on VOLQ on Phlx 

at least thirty days prior to the launch 

date. 

C. Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants, or Others 

No written comments were either 

solicited or 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)(iii) of the Act 7 and 

subparagraph (f)(6) of Rule 19b–4 

thereunder.8

A proposed rule change filed under 

Rule 19b–4(f)(6) 9 normally does not 

become operative prior to 30 days after 

the date of the filing. However, pursuant 

to Rule 19b–4(f)(6)(iii),10 the 

Commission may designate a shorter 

time if such action is consistent with the 

protection of investors and the public 

interest. The Exchange has asked the 

Commission to waive the 30-day 

operative delay. Waiver of the operative 

delay would allow the Exchange to 

immediately delay the launch of options 

on VOLQ, which would provide 

additional time to ensure market 

readiness and allow a third-party 

vendor additional time to test before 

launch. The Commission believes that 

waiver of the 30-day operative delay is 

consistent with the protection of 

investors and the public interest. 

Accordingly, the Commission hereby 

waives the operative delay and 

designates the proposed rule change 

operative upon filing.11

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 


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19146 Federal Register / Vol. 87, No. 63 / Friday, April 1, 2022 / Notices 

12 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

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

4 17 CFR 240.19b–4(f)(6). 

5See Securities and Exchange Act No. 93097 

(September 21, 2021) 86 FR 53358 (September 27, 

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– 

Phlx–2022–13 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–Phlx–2022–13. 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 also will be available for 

inspection and copying at the principal 

office of the Exchange. 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–Phlx–2022–13 and should 

be submitted on or before April 22, 

2022. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.12

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2022–06853 Filed 3–31–22; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–94528; File No. SR– 

CboeBZX–2022–022] 

Self-Regulatory Organizations; Cboe 

BZX Exchange, Inc.; Notice of Filing 

and Immediate Effectiveness of a 

Proposed Rule Change To Amend Its 

Rules Relating to the Continuing 

Education for Registered Persons and 

Move Those Rules From Interpretation 

and Policy .02 of Rule 2.5 to Proposed 

Rule 2.16 and To Amend Related 

Registration Requirements Provided 

Under Various Interpretations and 

Policies of Rule 2.5 

March 28, 2022. 

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 March 15, 

2022, Cboe BZX Exchange, Inc. (the 

‘‘Exchange’’ or ‘‘BZX’’) filed with the 

Securities and Exchange Commission 

(the ‘‘SEC’’ or ‘‘Commission’’) the 

proposed rule change as described in 

Items I and II below, which Items have 

been prepared by the Exchange. The 

Exchange filed the proposal as a ‘‘noncontroversial’’ proposed rule change 

pursuant to Section 19(b)(3)(A)(iii) of 

the Act 3 and Rule 19b–4(f)(6) 

thereunder.4 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 its 

rules relating to the Continuing 

Education for Registered Persons and 

move those rules from Interpretation 

and Policy .02 of Rule 2.5 to proposed 

Rule 2.16 and to amend related 

registration requirements provided 

under various Interpretations and 

Policies of Rule 2.5. The text of the 

proposed rule change is provided in 

Exhibit 5. 

The text of the proposed rule change 

is also available on the Exchange’s 

website (http://markets.cboe.com/us/ 

equities/regulation/rule_filings/bzx/), at 

the Exchange’s Office of the Secretary, 

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 

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 

(i) Existing CE Program Background 

The continuing education program for 

registered persons of broker-dealers 

(‘‘CE Program’’) generally requires 

registered persons to complete 

continuing education consisting of a 

Regulatory Element. The Regulatory 

Element is delivered through a webbased delivery method called ‘‘CE 

Online,’’ which is administered through 

the Financial Industry Regulatory 

Authority, Inc. (‘‘FINRA’’) online 

continuing education system, and 

focuses on regulatory requirements and 

industry standards. The CE Program for 

registered persons is currently codified 

under Interpretation and Policy .02 of 

Exchange Rule 2.5. The Exchange now 

proposes to expand the CE Program to 

adopt rules pertaining to a Firm Element 

component of continuing education. 

The Firm Element would be provided 

by each firm and focus on securities 

products, services and strategies the 

firm offers, firm policies and industry 

trends. In addition, the Exchange 

proposes other changes to amend, move, 

reorganize and enhance its rules 

regarding its CE Program, as described 

below. 

The Commission recently approved a 

proposal submitted by FINRA relating to 

its CE Program.5 The Exchange 


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