Federal Register / Vol. 82, No. 156 / Tuesday, August 15, 2017 / Notices 38723 

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

2 15 U.S.C. 78a. 

3 17 CFR 240.19b–4. 

4 15 U.S.C. 78s(b)(1). 

5 17 CRF 240.19b–4. 

6See Rule 1.160(z). 

Oral presentations may not exceed ten 

(10) minutes. The time for individual 

presentations may be reduced 

proportionately, if necessary, to afford 

all participants who have submitted a 

timely request an opportunity to be 

heard. 

Participants wishing to submit a 

written statement for the record must 

submit a copy of such statement to 

OPIC’s Corporate Secretary no later than 

5 p.m. Wednesday, August 30, 2017. 

Such statement must be typewritten, 

double spaced, and may not exceed 

twenty-five (25) pages. 

Upon receipt of the required notice, 

OPIC will prepare an agenda, which 

will be available at the hearing, that 

identifies speakers, the subject on which 

each participant will speak, and the 

time allotted for each presentation. 

A written summary of the hearing will 

be compiled, and such summary will be 

made available, upon written request to 

OPIC’s Corporate Secretary, at the cost 

of reproduction. 

Written summaries of the projects to 

be presented at the September 14, 2017, 

Board meeting will be posted on OPIC’s 

Web site. 

CONTACT PERSON FOR INFORMATION: 

Information on the hearing may be 

obtained from Catherine F.I. Andrade at 

(202) 336–8768, via facsimile at (202) 

408–0297, or via email at 

Catherine.Andrade@opic.gov. 

Dated: August 11, 2017. 

Catherine F.I. Andrade, 

OPIC Corporate Secretary. 

[FR Doc. 2017–17316 Filed 8–11–17; 4:15 pm] 

BILLING CODE 3210–01–P 

POSTAL REGULATORY COMMISSION 

[Docket Nos. MC2017–169 and CP2017–262] 

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 

negotiated service agreements. This 

notice informs the public of the filing, 

invites public comment, and takes other 

administrative steps. 

DATES: Comments are due: August 17, 

2017. 

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 Web site (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).: MC2017–169 and 

CP2017–262; Filing Title: Request of the 

United States Postal Service to Add 

Priority Mail Contract 340 to 

Competitive Product List and Notice of 

Filing (Under Seal) of Unredacted 

Governors’ Decision, Contract, and 

Supporting Data; Filing Acceptance 

Date: August 9, 2017; Filing Authority: 

39 CFR 3020.30; Public Representative: 

Matthew R. Ashford; Comments Due: 

August 17, 2017. 

This notice will be published in the 

Federal Register. 

Stacy L. Ruble, 

Secretary. 

[FR Doc. 2017–17217 Filed 8–14–17; 8:45 am] 

BILLING CODE 7710–FW–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–81365; File No. SR–IEX– 

2017–26] 

Self-Regulatory Organizations: 

Investors Exchange LLC; Notice of 

Filing and Immediate Effectiveness of 

Proposed Rule Change To Correct 

Nonsubstantive Conflicting Rule Text 

in Rule 11.190 

August 9, 2017. 

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 August 

8, 2017, the Investors Exchange LLC 

(‘‘IEX’’ 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 self-regulatory 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 

Pursuant to the provisions of Section 

19(b)(1) under the Securities Exchange 

Act of 1934 (‘‘Act’’),4 and Rule 19b–4 

thereunder,5 Investors Exchange LLC 

(‘‘IEX’’ or ‘‘Exchange’’) is filing with the 

Securities and Exchange Commission 

(‘‘Commission’’) a proposed rule change 

to correct nonsubstantive conflicting 

rule text related to the behavior of 

market orders entered during the PreMarket Session 6 marked DAY that are 

eligible to participate in either auctions 

for IEX-listed securities pursuant to 

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38724 Federal Register / Vol. 82, No. 156 / Tuesday, August 15, 2017 / Notices 

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

8 17 CFR 240.19b–4. 

9See Securities Exchange Act Release No. 80514 

(April 24, 2017), 82 FR 19763 (April 28, 2017). 

10See Securities Exchange Act Release No. 80583 

(May 3, 2017), 82 FR 21634 (May 9, 2017). 

11See Securities Exchange Act Release No. 81195 

(July 24, 2017), 82 FR 35250 (July 28, 2017). 

12See Securities Exchange Act Release No. 81316 

(August 4, 2017), awaiting publication to the 

Federal Register. 

13See IEX Trading Alert #2017–027 (Deployment 

Schedule for New Opening Process for Non-IEXListed Securities), August 3, 2017. 

14 15 U.S.C. 78f. 

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

Rule 11.350, or the opening process for 

non-IEX-listed securities pursuant to 

Rule 11.231. The Exchange has 

designated this rule change as ‘‘noncontroversial’’ under Section 19(b)(3)(A) 

of the Act 7 and provided the 

Commission with the notice required by 

Rule 19b–4(f)(6) thereunder.8

The text of the proposed rule change 

is available at the Exchange’s Web site 

at www.iextrading.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 the 

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 statement [sic] 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 the 

Statutory Basis for, the Proposed Rule 

Change 

1. Purpose 

The purpose of this proposed rule 

filing is to correct nonsubstantive 

conflicting rule text related to the 

queuing behavior of market orders 

entered during the Pre-Market Session 

marked DAY that are eligible to 

participate in auctions for IEX-listed 

securities pursuant to Rule 11.350, or in 

the opening process for non-IEX-listed 

securities pursuant to Rule 11.231. On 

April 13, 2017, IEX filed with the 

Commission a proposed rule change to 

amend IEX Rule 11.231 to modify the 

manner in which the Exchange opens 

trading for non-IEX-listed securities 

beginning at the start of Regular Market 

Hours; and to amend IEX Rules 11.190 

and 11.220 to specify the order types 

eligible to participate in the proposed 

opening process for non-IEX listed 

securities and the priority of such orders 

(the ‘‘Opening Process’’). The proposed 

rule change for the Opening Process was 

published for comment in the Federal 

Register on April 28, 2017.9 On April 

20, 2017, IEX filed with the Commission 

a proposed rule change to adopt rules 

governing auctions in IEX-listed 

securities, provide for the dissemination 

of auction related market data, and 

establish rules relating to trading halts 

and pauses (‘‘IEX Auctions’’). The 

proposed rule change for IEX Auctions 

was published for comment in the 

Federal Register on May 9, 2017.10 On 

July 24th 2017, the Commission 

approved on an accelerated basis IEX’s 

proposed Opening Process, as modified 

by Amendment 3.11 On August 4, 2017, 

the Commission approved on an 

accelerated basis the IEX Auctions 

proposal, as modified by Amendment 

2.12

The rule changes related to both the 

Opening Process and IEX Auctions 

included a modification to Rule 

11.190(a)(2)(E)(iii), to specify that 

market orders marked DAY entered 

during the Pre-Market Session will be 

queued by the System until the Opening 

Auction (or Halt Auction, as applicable), 

for IEX-listed securities pursuant to IEX 

Rule 11.350, or until the Opening 

Process for non-IEX-listed securities 

pursuant to IEX Rule 11.231. However, 

because the proposed rule changes for 

the Opening Process and IEX Auctions 

were filed and pending action from the 

Commission concurrently, the proposed 

rule changes specified in Exhibit 5 to 

each rule change filing were each 

separately specified as compared to 

existing IEX rules. Therefore, the 

Exhibits 5 to each rule change filing 

specify distinct behavior, pursuant to 

Rule 11.190(a)(2)(E)(iii), for how market 

orders marked as DAY queue before the 

applicable open for the security in 

question. Exhibit 5 to the IEX Auctions 

filing provides that such orders queue 

until the Opening Auction (or Halt 

Auction, as applicable) for IEX listed 

securities. Exhibit 5 to the Opening 

Process filing provides that such orders 

queue until the Opening Process for 

non-listed securities. As a technical 

matter, after the Commission’s approval 

of the rule changes related to IEX 

Auctions, which came subsequent to the 

Commission’s approval of the Opening 

Process, Rule 11.190(a)(2)(E)(iii) no 

longer specifies the queueing behavior 

of market orders entered during the PreMarket Session marked DAY in the 

Opening Process. Accordingly, IEX 

proposes to consolidate and correct the 

rule text changes to Rule 

11.190(a)(2)(E)(iii), as approved in each 

rule filing to provide that Market orders 

marked DAY submitted before the open 

of the Regular Market Session are 

queued by the System until the Opening 

Auction (or Halt Auction, as applicable) 

for IEX-listed securities pursuant to IEX 

Rule 11.350, or until the Opening 

Process for non-IEX-listed securities 

pursuant to IEX Rule 11.231, except 

market orders marked DAY that are 

designated to route pursuant to Rule 

11.230(c). Market orders marked DAY 

are eligible to trade or route during the 

Regular Market Session and treated by 

the System as having a time-in-force of 

IOC. 

As recently announced by IEX 

Trading Alert #2017–027, on August 24, 

2017 the Exchange is beginning a multiphase deployment of the Opening 

Process functionality for non-test 

securities.13 Furthermore, the Exchange 

believes that some Members are 

currently in the process of making or 

testing technology changes for the 

Exchange’s Opening Process. 

Accordingly, in order to provide clarity 

to Members and other market 

participants regarding the Opening 

Process, and specifically to avoid 

potential confusion regarding the 

queueing behavior of market orders 

entered during the Pre-Market Session 

marked as DAY, the Exchange is 

proposing to make the conforming 

change to Rule 11.190(a)(2)(E)(iii) 

described above to clearly state that 

such orders will be queued by the 

System until the Opening Auction (or 

Halt Auction, as applicable) for IEXlisted securities pursuant to IEX Rule 

11.350, or until the Opening Process for 

non-IEX-listed pursuant to IEX Rule 

11.231. 

2. Statutory Basis 

IEX believes that the proposed rule 

change is consistent with the provisions 

of Section 6(b) 14 of the Act in general, 

and furthers the objectives of Section 

6(b)(5) of the Act 15 in particular, in that 

it is designed to prevent fraudulent and 

manipulative acts and practices, 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. The 

Exchange believes it is consistent with 

the Act to correct the conflicting rule 

provisions so that IEX’s rules are 

accurate and descriptive of the System’s 

functionality as approved by the 

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Federal Register / Vol. 82, No. 156 / Tuesday, August 15, 2017 / Notices 38725 

16 15 U.S.C. 78s(b)(3)(A). 

17 17 CFR 240.19b–4(f)(6). 

18Under Rule 19b–4(f)(6)(iii), the Exchange is 

required to provide 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. The 

Exchange has requested that the Commission waive 

the prefiling requirement for its proposal in order 

to allow it to file this clarification without undue 

delay. The Commission hereby waives that 

requirement. 

19 17 CFR 240.19b–4(f)(6). 

20 17 CFR 240.19b–4(f)(6)(iii). 

21For 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). 

22 15 U.S.C. 78s(b)(2)(B). 23 17 CFR 200.30–3(a)(12). 

Commission, and to avoid any potential 

confusion among Members and market 

participants regarding the Opening 

Process. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

IEX 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. The 

Exchange believes that the proposed 

correction does not impact competition 

in any respect since it is designed to 

correct a conflict between two approved 

versions of Exchange rule 

11.190(a)(2)(E)(iii), without changing 

the substance of the Rules as separately 

approved. 

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 

The Exchange has designated this rule 

filing as non-controversial under 

Section 19(b)(3)(A) 16 of the Act and 

Rule 19b–4(f)(6) 17 thereunder. Because 

the 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 and Rule 19b– 

4(f)(6) thereunder.18

A proposed rule change filed under 

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

become operative prior to 30 days after 

the date of the filing. However, pursuant 

to Rule 19b–4(f)(6)(iii),20 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 so that the proposal may 

become operative upon filing. The 

Exchange represents that waiver will 

allow it to promptly reconcile a 

potential conflict between two recentlyapproved changes to IEX Rule 

11.190(a)(2)(E)(iii) without changing the 

substance of that Rule, thus avoiding 

any potential confusion among market 

participants regarding the Exchange’s 

Opening Process. The Commission 

believes that waiving the 30-day 

operative delay is consistent with the 

protection of investors and the public 

interest as it will resolve a potential 

ambiguity in IEX’s rules concerning 

queuing of market orders marked DAY 

before the open of trading involving 

either IEX-listed securities or non-IEXlisted securities. While the current rule 

text references the term ‘‘Opening 

Auction’’ for both types of securities, 

IEX uses the term ‘‘Opening Process’’ for 

the latter. To avoid any potential 

confusion, IEX is proposing to use that 

more precise term in this subsection of 

the rule when it references non-IEXlisted securities. Accordingly, the 

proposed rule change raises no new or 

novel issues and the Commission 

hereby waives the 30-day operative 

delay requirement and designates the 

proposed rule change operative upon 

filing.21

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 

under Section 19(b)(2)(B) 22 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– 

IEX–2017–26 on the subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Brent J. Fields, Secretary, Securities 

and Exchange Commission, 100 F Street 

NE., Washington, DC 20549–1090. 

All submissions should refer to File 

Number SR–IEX–2017–26. This file 

number should be included in 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 the 

filing will also be available for 

inspection and copying at the IEX’s 

principal office and on its Internet Web 

site at www.iextrading.com. 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–IEX–2017–26 and should 

be submitted on or before September 5, 

2017. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.23

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2017–17172 Filed 8–14–17; 8:45 am] 

BILLING CODE 8011–01–P 

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