39876 Federal Register / Vol. 87, No. 127 / Tuesday, July 5, 2022 / Notices 

review the use of AI in NRC-regulated 

activities. 

The draft AI Strategic Plan establishes 

five strategic goals to ensure the 

agency’s readiness to review the use of 

AI in NRC-regulated activities. The five 

strategic goals are: (1) ensure NRC 

readiness for regulatory decisionmaking, 

(2) establish an organizational 

framework to review AI applications, (3) 

strengthen and expand AI partnerships, 

(4) cultivate an AI proficient workforce, 

and (5) pursue use cases to build an AI 

foundation across the NRC. 

IV. Requested Information and 

Comments 

The NRC is interested in obtaining 

input from stakeholders, including 

professional organizations, and 

interested individuals. The focus of the 

request is to gather information that will 

permit the NRC staff to develop and 

refine the draft AI Strategic Plan. The 

NRC welcomes comments from the 

public on any areas that they believe are 

relevant to these topics, and is 

particularly interested in receiving 

input on the following questions: 

1. Are there any specific 

recommendations or improvements to 

consider in the development of the AI 

Strategic Plan? 

2. What goals, objectives, or strategies 

within the NRC’s current strategic plan 

should be added, enhanced, or modified 

in the AI Strategic Plan? 

3. What are potential near-term, or farterm, AI activities that the NRC should 

be aware when finalizing and 

prioritizing the AI Strategic Plan, or 

associated supporting research? 

4. What are potential challenges the 

NRC should be aware when preparing to 

review potential use of AI in nuclear 

applications? 

V. Public Meeting Information 

The NRC staff will hold a virtual 

public meeting on August 3, 2022, to 

receive comments on the draft AI 

Strategic Plan. A telephone line will 

also be used for the public to submit 

oral comments. A court reporter will be 

recording all comments received during 

the webinar and the transcript of the 

meeting will be made publicly available. 

Additionally, the NRC will discuss the 

agency’s activities related to the 

development of the AI Strategic Plan or 

supporting activities for public input 

and comment on these activities and 

will continue to seek the views of 

stakeholders in identifying 

opportunities to improve the underlying 

strategic plan. The date and time for the 

virtual public meeting is as follows: 

Date Time Location 

August 3, 2022 ............. 1:00 p.m. to 3:00 p.m. ET .... Webinar Information: https://teams.microsoft.com/registration/dRTQ6LXDakO

gZV3vTGT1Lg,dY0urqMKG0-Gm00Y91vqrg,N7h1Wo8JnEK5NUmTIdvEqw,2FYud_

DrR0260xwKOK2vAA,ujlyIZhqmUGql9FnYzVx0g,m1ErSd8hxEO1k_

cLUoH9eQ?mode=read&tenantId=e8d01475-c3b5-436a-a065-5def4c64f52e&

webinarRing=gcc. 

Telephone Access: 

Bridgeline: 301–576–2978. 

Participant Access Code: 654 033 041. 

Persons interested in attending this 

meeting should monitor the NRC’s 

Public Meeting Schedule website at 

https://www.nrc.gov/pmns/mtg for 

additional information, the meeting 

agenda, information on how to provide 

verbal comments, and access 

information for the meeting. Those 

wishing to make verbal comments at the 

meeting should follow instructions 

listed on the NRC’s Public Meeting 

Schedule website. 

The NRC may post additional 

materials related to this document, 

including public comments, on the 

Federal rulemaking website. In addition, 

the Federal rulemaking website allows 

members of the public to receive alerts 

when changes or additions occur in a 

docket folder. To subscribe: (1) navigate 

to the docket folder (NRC–2022–0095); 

(2) click the ‘‘Subscribe’’ link; and (3) 

enter an email address and click on the 

‘‘Subscribe’’ link. 

Dated: June 29, 2022. 

For the Nuclear Regulatory Commission. 

Luis D. Betancourt, 

Chief, Accident Analysis Branch, Division of 

Safety Analysis, Office of Nuclear Regulatory 

Research. 

[FR Doc. 2022–14239 Filed 7–1–22; 8:45 am] 

BILLING CODE 7590–01–P 

POSTAL REGULATORY COMMISSION 

Sunshine Act Meeting 

TIME AND DATE: July 22, 2022, at 11:00 

a.m. Eastern Daylight Time. 

PLACE: The meeting will take place 

virtually and be accessible through the 

Commission’s website at http://

www.prc.gov. 

STATUS: The Postal Regulatory 

Commission will hold a public meeting 

to discuss the agenda item outlined 

below. 

MATTERS TO BE CONSIDERED: The agenda 

for the Commission’s July 22, 2022 

meeting includes the item identified 

below. 

PORTIONS OPEN TO THE PUBLIC: 1. 

Commissioners meet to discuss and vote 

on a Fiscal Year 2023 budget to submit 

to the Postal Service Governors for 

consideration pursuant to 39 U.S.C. 

504(d). 

CONTACT PERSON FOR MORE INFORMATION: 

David A. Trissell, General Counsel, 

Postal Regulatory Commission, 901 New 

York Avenue NW, Suite 200, 

Washington, DC 20268–0001, at 202– 

789–6820 (for agenda-related inquiries) 

and Erica A. Barker, Secretary of the 

Commission, at 202–789–6800 or 

erica.barker@prc.gov (for changes in 

date or time of the meeting, the virtual 

webcast, or similar matters). The 

Commission’s website may also provide 

information on changes in the date or 

time of the meeting. 

By the Commission. 

Erica A. Barker, 

Secretary. 

[FR Doc. 2022–14324 Filed 6–30–22; 4:15 pm] 

BILLING CODE 7710–FW–P 

POSTAL SERVICE 

Privacy Act; System of Records 

AGENCY: Postal ServiceTM. 

ACTION: Notice of a modified system of 

records. 

SUMMARY: The United States Postal 

ServiceTM (USPSTM) is proposing to 

revise a General and Customer Privacy 

Act System of Records. These updates 

are being made to facilitate use of 

market research tools that will be 

implemented by the Chief Customer and 

Marketing Organization within the 

Postal Service to assess new and 

existing USPS and competitive 

products, services, processes, and 

campaigns in order to gauge attitudes, 

perceptions, opinions, habits, and usage 


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Federal Register / Vol. 87, No. 127 / Tuesday, July 5, 2022 / Notices 39877 

of USPS products and services from 

voluntary participants (including 

employees and customers). 

DATES: These revisions will become 

effective without further notice on 

August 4, 2022, unless comments 

received on or before that date result in 

a contrary determination. 

ADDRESSES: Comments may be 

submitted via email to the Privacy and 

Records Management Office, United 

States Postal Service Headquarters 

(privacy@usps.gov). Arrangements to 

view copies of any written comments 

received, to facilitate public inspection, 

will be made upon request. 

FOR FURTHER INFORMATION CONTACT: 

Janine Castorina, Chief Privacy and 

Records Management Officer, Privacy 

and Records Management Office, 202– 

268–3069 or privacy@usps.gov. 

SUPPLEMENTARY INFORMATION: This 

notice is in accordance with the Privacy 

Act requirement that agencies publish 

their systems of records in the Federal 

Register when there is a revision, 

change, or addition, or when the agency 

establishes a new system of records. 

The Postal Service has determined 

that Customer Privacy Act Systems of 

Records (SOR), USPS 890.000, Sales, 

Marketing, Events, and Publications and 

General Privacy Act SOR 100.600, 

Personnel Research Records should be 

revised to support the implementation 

of market research tools. 

I. Background 

The Marketing Department, 

specifically the Customer Insights and 

Marketing Strategy team, is responsible 

for managing customer, employee, and 

market research across the USPS. This 

includes, but is not limited to initiatives 

such as: 

• Advertising Campaigns 

• Brand Strategy 

• Strategic Customer Programs 

• Customer Experience with Products 

and Services, including Call Center 

• Innovation 

• Product Improvements and 

Development 

The Marketing organization utilizes 

best-in-class market research tools that 

are used across public, private and 

academic settings. The tools also 

provide the evidence, proof points, and 

data for decision-makers at USPS to 

determine what actions are optimal for 

the Postal Service. 

The following tools are used by the 

Marketing department to provide 

foresight and intelligence across the 

organization: 

• Focus groups 

• Surveys 

• Interviews 

• Diaries 

• Observational Studies 

• Prototype assessment 

• A/B Comparison Testing 

II. Rationale for Changes to USPS 

Privacy Act Systems of Records 

The Postal Service is proposing to 

modify USPS SORs 100.600 and 

890.000 to support the use of market 

research and insights tools by the 

Marketing Department that will be 

utilized to improve the effectiveness for 

business decision making across the 

organization. Use of these tools enhance 

insight collection and assessment of 

new products, services, processes and 

campaigns for USPS. These SOR 

modifications are necessary for 

acquiring data to generate the insights 

for senior leadership decisions, such as 

for the USPS Leadership Team. 

III. Description of the Modified System 

of Records 

Pursuant to 5 U.S.C. 552a(e)(11), 

interested persons are invited to submit 

written data, views, or arguments on 

this proposal. A report of the proposed 

revisions has been sent to Congress and 

to the Office of Management and Budget 

for their evaluations. The Postal Service 

does not expect these amended systems 

of records to have any adverse effect on 

individual privacy rights. USPS SOR 

890.000, Sales, Marketing, Events, and 

Publications and 100.600 Personnel 

Research Records are provided below in 

their entirety as follows: 

SYSTEM NAME AND NUMBER: 

USPS 890.000, Sales, Marketing, 

Events, and Publications. 

SECURITY CLASSIFICATION: 

None. 

SYSTEM LOCATION: 

USPS Headquarters Marketing and 

Public Policy; Integrated Business 

Solutions Services Centers; National 

Customer Service Center; Area and 

District USPS facilities; Post Offices; 

and contractor sites. 

SYSTEM MANAGER(S) AND ADDRESS: 

Chief Customer and Marketing Officer 

and Executive Vice President, United 

States Postal Service, 475 L’Enfant Plaza 

SW, Washington, DC 20260–4016. 

AUTHORITY FOR MAINTENANCE OF THE SYSTEM: 

39 U.S.C. 401, 403, and 404. 

PURPOSE(S) OF THE SYSTEM: 

1. To understand the needs of 

customers and improve USPS sales and 

marketing efforts. 

2. To provide appropriate materials 

and publications to customers. 

3. To conduct registration for USPS 

and related events. 

4. To enable access to the USPS 

meeting and video web conferencing 

application. 

5. To enhance your online meeting 

experience by utilizing enhanced 

features and functionality, including 

voluntary polling to gather responses 

from attendees to generate reports or the 

interactive chat feature. 

6. To facilitate team collaboration and 

communication through information 

sharing and cross-functional 

participation. 

7. To allow task allocation and 

tracking among team members. 

8. To allow users to communicate by 

telephone and instant-messaging 

through web-based applications. 

9. To provide users outside of the 

USPS limited collaboration and 

communication capabilities through 

guest account access. 

10. To facilitate and support 

cybersecurity investigations of detected 

or reported information security 

incidents. 

11. To share your personal image via 

your device camera during meetings and 

web conferences, if you voluntarily 

choose to turn the camera on, enabling 

virtual face-to-face conversations. 

12. To facilitate and support 

marketing initiatives, advertising 

campaigns, brand strategy, customer 

experience with products and service, 

including call centers, strategic 

customer programs, and innovation and 

product improvement development. 

CATEGORIES OF INDIVIDUALS COVERED BY THE

SYSTEM: 

1. Customers who interact with USPS 

sales personnel, respond to direct 

marketing messages, request 

publications, respond to contests and 

surveys, voluntarily participate in focus 

groups, interviews, diaries, 

observational studies, prototype 

assessments, A/B comparison tests, and 

attend USPS events. 

2. Customers and other individuals 

who participate in web-based meeting, 

video conference, collaboration, and 

communication applications sponsored 

by the USPS. 

CATEGORIES OF RECORDS IN THE SYSTEM: 

1. Customer information: Customer 

and key contacts’ names, date of birth, 

age, home mailing address, and email 

address; phone, fax, and pager numbers; 

company name, job descriptions, titles, 

roles, level, and company address; other 

names and emails provided by 

customers. 

2. Identifying information: Customer 

ID(s), D–U–N–S Numbers, USPS 


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account numbers, meter numbers, and 

signatures. 

3. Business specific information: Firm 

name, size, and years in business; 

number of employees; sales and revenue 

information; business sites and 

locations; URLs; company age; 

industrial classification numbers; use of 

USPS and competitor’s products and 

services; types of customers served; 

customer equipment and services; 

advertising agency and spending; names 

of USPS employees serving the firm; 

and calls made. 

4. Information specific to companies 

that act as suppliers to USPS: Contract 

start and end dates, contract award 

number, contract value, products and/or 

services sold under contract. 

5. Information provided by customers 

as part of a survey or contest. 

6. Payment information: Credit and/or 

debit card number, type, expiration 

date, and check information; and ACH 

information. 

7. Event information: Name of event; 

role at event; itinerary; and membership 

in a PCC. 

8. Customer preferences: Preferences 

for badge name and accommodations. 

9. Participant session data from webbased meetings and web conferences: 

Participant name, participant’s webcamgenerated image (including presenters), 

recorded participant audio, video, and 

shared meeting screen content, chat 

interaction, polling questions and 

associated responses, participant join 

time and leave time, meeting duration, 

participant location, and participant 

media hardware information. 

10. Event session data from webbased meetings and web conferences: 

Event start time, event status, event 

organizer, event presenter, event 

producer, event production type, event 

recording setting, total number of event 

media viewings. 

11. Historical device usage data from 

web-based meetings and web 

conferences: Device type (such as 

mobile, desktop, or tablet), Device 

Operating System, Number of users of 

related Operating Systems, Operating 

System Version, MAC address, and IP 

address. 

12. Historical application usage data 

from web-based meetings and web 

conferences: Number of active users, 

number of active users in groups, 

number of active group communication 

channels, number of messages sent, 

number of calls participated in, last 

activity date of a user, and number of 

guest users in a group. 

13. Web-based Public Switched 

Telephone Network data records: Phone 

number, time phone call started, user 

name, call type, phone number called 

to, phone number called from, called to 

location, called from location, telephone 

minutes used, telephone minutes 

available, charges for use of telephone 

services, currency of charged telephone 

services, call duration, call ID, 

conference ID, phone number type, 

blocked phone numbers, blocking 

action, reason for blocking action, 

blocked phone number display name, 

date and time of blocking. 

14. Web-based Direct Routing Public 

Switched Telephone Network records: 

Call start time, user display name, SIP 

address, caller number, called to 

number, call type, call invite time, call 

failure time, call end time, call duration, 

number type, media bypass, SBC FQDN, 

data center media path, data center 

signaling path, event type, final SIP, 

final vendor subcode, final SIP phrase, 

unique customer support ID. 

15. Survey data: customer perception, 

feelings, habits, past behaviors, 

preferences, recommended 

improvements, willingness to buy, 

ownership, and hypothetical future 

scenarios. 

RECORD SOURCE CATEGORIES: 

Customers, USPS personnel, and list 

providers. 

ROUTINE USES OF RECORDS IN THE SYSTEM, 

INCLUDING CATEGORIES OF USERS AND THE

PURPOSES OF SUCH USES: 

Standard routine uses 1. through 7., 

10., and 11. apply. 

POLICIES AND PRACTICES FOR STORAGE OF

RECORDS: 

Automated databases, computer 

storage media, and paper. 

POLICIES OF PRACTICES FOR RETRIEVAL OF

RECORDS: 

1. For sales, events, and publications, 

information is retrieved by customer 

name or customer ID(s), mail or email 

address, and phone number. 

2. For direct marketing, information is 

retrieved by Standard Industry Code 

(SIC) or North American Industry 

Classification System (NAISC) number, 

and company name. 

3. Report and tracking data created 

during web-based meetings and video 

conferences that pertain to individual 

participants, content shared, conference 

codes and other relevant session data 

and historical device usage data, are 

retrieved by meeting ID, host name or 

host email address. 

4. Records pertaining to web-based 

collaboration and communication 

applications are retrieved by organizer 

name and other associated personal 

identifiers. 

5. Media recordings created during 

web-based meetings and video 

conferences are retrieved by meeting ID, 

host name or host email address. 

6. Web-based meeting and video 

session recordings are retrieved by 

meeting ID, host name or host email 

address. 

POLICIES AND PRACTICES FOR RETENTION AND

DISPOSAL OF RECORDS: 

1. Records relating to organizations 

and publication mailing lists are 

retained until the customer ceases to 

participate. 

2. ACH records are retained up to 2 

years. Records relating to direct 

marketing, advertising, and promotions 

are retained 5 years. 

3. Other records are retained 3 years 

after the relationship ends. 

4. Report and tracking data created 

during web-based meeting and video 

conferences, such as session data and 

historical device usage data, are retained 

for twenty-four months. 

5. Records pertaining to web-based 

collaboration and communication 

applications are retained for twenty-four 

months. 

6. Web-based meeting and video 

session recordings are retained for 

twenty-four months. 

7. Customer insight, market research, 

and survey records will be retained for 

3 years. 

Records existing on paper are 

destroyed by burning, pulping, or 

shredding. Records existing on 

computer storage media are destroyed 

according to the applicable USPS media 

sanitization practice. 

ADMINISTRATIVE, TECHNICAL, AND PHYSICAL

SAFEGUARDS: 

Paper records, computers, and 

computer storage media are located in 

controlled-access areas under 

supervision of program personnel. 

Access to these areas is limited to 

authorized personnel, who must be 

identified with a badge. 

Access to records is limited to 

individuals whose official duties require 

such access. Contractors and licensees 

are subject to contract controls and 

unannounced on-site audits and 

inspections. 

Computers are protected by 

mechanical locks, card key systems, or 

other physical access control methods. 

The use of computer systems is 

regulated with installed security 

software, computer logon 

identifications, and operating system 

controls including access controls, 

terminal and transaction logging, and 

file management software. Online data 

transmission is protected by encryption. 


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Federal Register / Vol. 87, No. 127 / Tuesday, July 5, 2022 / Notices 39879 

RECORD ACCESS PROCEDURES: 

Requests for access must be made in 

accordance with the Notification 

Procedure above and USPS Privacy Act 

regulations regarding access to records 

and verification of identity under 39 

CFR 266.5. 

CONTESTING RECORD PROCEDURES: 

See Notification Procedure and 

Record Access Procedures. 

NOTIFICATION PROCEDURE: 

For information pertaining to sales, 

inquiries should be addressed to: Sales 

and Customer Relations 475 L’Enfant 

Plaza SW, Washington, DC 20260. 

Customers wanting to know if other 

information about them is maintained in 

this system of records must address 

inquiries in writing to the Chief 

Customer and Marketing Officer and 

Executive Vice President and include 

their name and address. 

EXEMPTIONS PROMULGATED FROM THIS SYSTEM: 

None. 

HISTORY: 

August 4, 2020, 85 FR 47258; June 1, 

2020, 85 FR 33208; October 24, 2011, 76 

FR 65756; April 29, 2005, 70 FR 22516. 

SYSTEM NAME AND NUMBER: 

USPS 100.600 Personnel Research 

Records 

SECURITY CLASSIFICATION: 

None. 

SYSTEM LOCATION: 

USPS Headquarters, Integrated 

Business Solutions Services Centers, 

and contractor sites. 

SYSTEM MANAGER(S) AND ADDRESS: 

Vice President, Human Resource, 

United States Postal Service, 475 

L’Enfant Plaza SW, Washington, DC 

20260–4135. 

AUTHORITY FOR MAINTENANCE OF THE SYSTEM: 

39 U.S.C. 401, 410, 1001, and 1005. 

PURPOSE(S) OF THE SYSTEM: 

1.To support research and 

development efforts on personnel 

assessment instruments, recruitment 

efforts, workforce analysis, and 

evaluation of human resource 

management practices. 

2. To assess the impact of selection 

decisions on applicants in race, 

ethnicity, sex, tenure, age, veteran 

status, and disability categories. 

3. To facilitate and support marketing 

initiatives, advertising campaigns, brand 

strategy, strategic customer programs, 

customer experience with products and 

services, including call centers, and 

innovation and product improvement 

development. 

CATEGORIES OF INDIVIDUALS COVERED BY THE

SYSTEM: 

1. Potential applicants for USPS 

employment, applicants for USPS 

employment, USPS employee 

applicants for reassignment and/or 

promotion, employees whose work 

records or solicited responses are used 

in research projects, and former USPS 

employees. 

2. Employees who voluntarily 

respond to direct marketing messages, 

respond to surveys, voluntarily 

participate in focus groups, interviews, 

diaries, observational studies, prototype 

assessments, and A/B comparison tests. 

CATEGORIES OF RECORDS IN THE SYSTEM: 

1. Applicant, potential applicant with 

candidate profile, and employee 

information: Name, Social Security 

Number, Candidate Identification 

Number, Employee Identification 

Number (EIN), or respondent 

identification code, place of birth, date 

of birth, age, postal assignment or 

vacancy/posting information, work 

contact information, home address and 

personal phone number(s), personal 

email address, finance number(s), title, 

level, duty location, and pay location. 

2. Personnel research information: 

Records related to race, ethnicity, sex, 

tenure, age, veteran status, and 

disability status (only if volunteered by 

the individual); research project 

identifiers; and other information 

pertinent to personnel research. 

3. Survey data: employee perception, 

feelings, habits, past behaviors, 

preferences, recommended 

improvements, experiences with 

customers, ownership, and hypothetical 

future scenarios. 

RECORD SOURCE CATEGORIES: 

USPS employees, former employees, 

applicants, and potential applicants 

with candidate profiles who provide 

information to personnel research 

programs and other systems of records. 

ROUTINE USES OF RECORDS IN THE SYSTEM, 

INCLUDING CATEGORIES OF USERS AND THE

PURPOSES OF SUCH USES: 

Standard routine uses 1 through 9 

apply. 

POLICIES AND PRACTICES FOR STORAGE OF

RECORDS: 

Automated database, computer 

storage media, digital files, and paper 

files. 

POLICIES OF PRACTICES FOR RETRIEVAL OF

RECORDS: 

By individual name, Social Security 

Number, Candidate Identification 

Number, Employee Identification 

Number, personal email address, 

respondent identification code, research 

project identifiers, postal assignment or 

vacancy/posting information, duty or 

pay location, or location where data 

were collected. 

POLICIES AND PRACTICES FOR RETENTION AND

DISPOSAL OF RECORDS: 

1. Retention depends on the type of 

research project but does not exceed 10 

years. 

2. Data retained for surveys conducted 

by Customer insight, market research 

and survey records will be retained for 

3 years. 

Records existing on paper are 

destroyed by burning, pulping, or 

shredding. Records existing on 

computer storage media are destroyed 

according to the applicable USPS media 

sanitization practice. 

ADMINISTRATIVE, TECHNICAL, AND PHYSICAL

SAFEGUARDS: 

Paper records, computers, and 

computer storage media are located in 

controlled-access areas under 

supervision of program personnel. 

Access to these areas is limited to 

authorized personnel, who must be 

identified with a badge. Access to 

records is limited to individuals whose 

official duties require such access. 

Contractors and licensees are subject to 

contract controls and unannounced onsite audits and inspections. Computers 

are protected by mechanical locks, card 

key systems, or other physical access 

control methods. The use of computer 

systems is regulated with installed 

security software, computer logon 

identifications, and operating system 

controls including access controls, 

terminal and transaction logging, and 

file management software. 

RECORD ACCESS PROCEDURES: 

Requests for access must be made in 

accordance with the Notification 

Procedure above and USPS Privacy Act 

regulations regarding access to records 

and verification of identity under 39 

CFR 266.5. 

CONTESTING RECORD PROCEDURES: 

See Notification Procedure and 

Record Access Procedures. 

NOTIFICATION PROCEDURE: 

Individuals wanting to know if 

information about them is maintained in 

this system of records must address 

inquiries to the Vice President, 

Employee Resource Management, 475 

L’Enfant Plaza SW, Washington, DC 

20260. 

In cases of studies involving 

information not collected through an 

examination, individuals must address 

inquiries to the system manager. 


lotter on DSK11XQN23PROD with NOTICES1
39880 Federal Register / Vol. 87, No. 127 / Tuesday, July 5, 2022 / Notices 

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 BOX Rule 7600(a)(4). 

6See BOX Rule 7240(a)(7). 

7BOX notes that a recent Cboe proposal suggested 

that BOX’s current rule is silent on the minimum 

increment for orders submitted for execution on 

BOX’s trading floor and that Cboe has been 

informed by multiple market participants that are 

also members of BOX that they may execute multilegged orders (with ratios greater than three-to-one 

or less than one-to-three) on BOX’s trading floor in 

penny increments. See Securities Exchange Act 

Release No. 94204 (February 9, 2022), 87 FR 8625 

(February 15, 2022) (Notice of Filing of Amendment 

No. 1 and Order Granting Accelerated Approval of 

a Proposed Rule Change, as Modified by 

Amendment No. 1, To Amend Cboe Rule 5.4 and 

Make Corresponding Changes to Other Rules) 

(‘‘Cboe Order’’). The Exchange reiterates that multileg QOO Orders currently executed on the BOX 

Trading Floor are treated like single-leg QOO 

Orders with respect to execution and priority. 

Further, and contrary to the exchange’s 

representations, each component series (leg) of a 

multi-leg QOO order on the BOX Trading Floor 

respects the minimum trading increment for the 

series of the option contracts traded on the 

Exchange (e.g., $0.01, $0.05, $0.10). See BOX 

Comment Letter to SR–CBOE–2021–046 available at 

https://www.sec.gov/comments/sr-cboe-2021-046/ 

srcboe2021046-9238319-250622.pdf. 

8See Cboe Order. 

9See BOX Rule 7600(a)(2). 

10See supra note 5. [sic] 

11See BOX Rule 7240(c). 

12See BOX Rule 7240(a)(7). 

Inquiries must contain full name; 

Candidate Identification Number, 

Employee Identification Number, or 

respondent identification code, and 

subject or purpose of research/survey; 

and date and location of their 

participation. 

EXEMPTIONS PROMULGATED FROM THIS SYSTEM: 

Pursuant to 5 U.S.C. 552a(j) and (k), 

USPS has established regulations at 39 

CFR 266.9 that exempt records in this 

system depending on their purpose. The 

USPS has also claimed exemption from 

certain provisions of the Act for several 

of its other systems of records at 39 CFR 

266.9. To the extent that copies of 

exempted records from those other 

systems are incorporated into this 

system, the exemptions applicable to 

the original primary system continue to 

apply to the incorporated records. 

HISTORY: 

July 19, 2013; 78 FR 43247; June 17, 

2011; 76 FR 35483; April 29, 2005; 70 

FR 22516. 

* * * * * 

Sarah E. Sullivan, 

Attorney, Ethics and Legal Compliance. 

[FR Doc. 2022–14277 Filed 7–1–22; 8:45 am] 

BILLING CODE 7710–12–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–95173; File No. SR–BOX– 

2022–21] 

Self-Regulatory Organizations; BOX 

Exchange LLC; Notice of Filing and 

Immediate Effectiveness of a Proposed 

Rule Change To Allow Multi-Leg 

Qualified Open Outcry Orders (‘‘QOO 

Orders’’) That Are Not Complex Orders 

To Trade in Penny Increments 

Regardless of the Minimum Increments 

Otherwise Applicable to the Individual 

Legs of the Multi-Leg QOO Order 

June 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 June 17, 

2022, BOX Exchange LLC (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 Exchange filed the 

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 allow 

multi-leg Qualified Open Outcry 

Orders 5 (‘‘QOO orders’’) that are not 

Complex Orders 6 to trade in penny 

increments regardless of the minimum 

increments otherwise applicable to the 

individual legs of the multi-leg QOO 

order. The text of the proposed rule 

change is available from the principal 

office of the Exchange, at the 

Commission’s Public Reference Room 

and also on the Exchange’s internet 

website at http://boxoptions.com. 

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 these statements may be examined at 

the places specified in Item IV below. 

The self-regulatory organization 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 purpose of the proposed rule 

change is to amend BOX Options 

Market LLC (‘‘BOX’’) Rule 7600 to allow 

multi-leg QOO orders that are not 

Complex Orders to be quoted and 

executed in $0.01 increments (‘‘penny 

increments’’) regardless of minimum 

increments otherwise applicable to the 

individual legs of the multi-leg QOO 

order. Currently, multi-leg QOO orders 

that are not Complex Orders respect the 

minimum trading increment for the 

series of the option contracts traded 

(e.g., $0.01, $0.05, $0.10).7 The 

Exchange now proposes to amend BOX 

Rule 7600(c) to allow multi-leg QOO 

orders to be quoted and executed in 

penny increments, regardless of the 

minimum increments otherwise 

applicable to the individual legs of the 

order. BOX notes that this is a 

competitive rule filing based on a 

similar proposal filed by Cboe Exchange 

Inc. (‘‘Cboe’’) and approved by the 

Commission.8 Currently, multi-leg QOO 

orders are only traded on the BOX 

Trading Floor.9 The Exchange does not 

propose to allow multi-leg orders that 

are not Complex Orders to trade 

electronically as detailed in the Cboe 

filing.10 BOX only intends to allow 

multi-leg QOO orders on the BOX 

Trading Floor to be quoted and traded 

in penny increments. BOX will file a 

proposal with the Commission if it 

intends to allow multi-leg orders to 

trade electronically. BOX does not 

generate Legging Orders on behalf of 

multi-leg QOO orders. BOX generates 

Legging Orders only on behalf of 

Complex Orders resting on the Complex 

Order Book.11

Background 

Complex Orders are defined on BOX 

as any order involving the simultaneous 

purchase and/or sale of two or more 

different options series in the same 

underlying security, for the same 

account, in a ratio that is equal to or 

greater than one-to-three (.333) and less 

than or equal to three-to-one (3.00) and 

for the purpose of executing a particular 

investment strategy.12 Bids and offers on 

Complex Orders may be expressed in 

any decimal price, and the leg(s) of a 

Complex Order may be executed in one 

penny increments, regardless of the 

minimum increments otherwise 


lotter on DSK11XQN23PROD with NOTICES1