80 FR 46375 - Sunshine Act Meeting

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 80, Issue 149 (August 4, 2015)

Page Range		46375-46375
FR Document		2015-19188

Federal Register, Volume 80 Issue 149 (Tuesday, August 4, 2015)

[Federal Register Volume 80, Number 149 (Tuesday, August 4, 2015)]
[Notices]
[Page 46375]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-19188]


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SECURITIES AND EXCHANGE COMMISSION


Sunshine Act Meeting

    Notice is hereby given, pursuant to the provisions of the 
Government in the Sunshine Act, Public Law 94-409, that the Securities 
and Exchange Commission will hold a Closed Meeting on Thursday, August 
6, 2015 at 2 p.m.
    Commissioners, Counsel to the Commissioners, the Secretary to the 
Commission, and recording secretaries will attend the Closed Meeting. 
Certain staff members who have an interest in the matters also may be 
present.
    The General Counsel of the Commission, or her designee, has 
certified that, in her opinion, one or more of the exemptions set forth 
in 5 U.S.C. 552b(c)(3), (5), (7), 9(B) and (10) and 17 CFR 
200.402(a)(3), (5), (7), 9(ii) and (10), permit consideration of the 
scheduled matter at the Closed Meeting.
    Commissioner Gallagher, as duty officer, voted to consider the 
items listed for the Closed Meeting in closed session.
    The subject matter of the Closed Meeting will be: Settlement of 
injunctive actions; Institution and settlement of administrative 
proceedings; Consideration of amicus participation; and Other matters 
relating to enforcement proceedings.
    At times, changes in Commission priorities require alterations in 
the scheduling of meeting items.
    For further information and to ascertain what, if any, matters have 
been added, deleted or postponed, please contact the Office of the 
Secretary at (202) 551-5400.

     Dated: July 30, 2015.
Brent J. Fields,
Secretary.
[FR Doc. 2015-19188 Filed 7-31-15; 4:15 pm]
BILLING CODE 8011-01-P

Federal Register / Vol. 80, No. 149 / Tuesday, August 4, 2015 / Notices 46375

Sales Charge) uniformly to all different from or less advantageous than contact the Office of the Secretary at
shareholders in a given class and that of other participants. (202) 551–5400.
consistently with the requirements of Dated: July 30, 2015.
Applicants’ Condition
rule 22d–1 under the Act. Brent J. Fields,
Applicants agree that any order
Asset-Based Distribution Fees granting the requested relief will be Secretary.
1. Section 17(d) of the Act and rule subject to the following condition: [FR Doc. 2015–19188 Filed 7–31–15; 4:15 pm]
17d–1 under the Act prohibit an Applicants will comply with the BILLING CODE 8011–01–P
affiliated person of a registered provisions of rules 6c–10, 12b–1, 17d–
investment company or an affiliated 3, 18f–3, and 22d–1 under the Act, as
person of such person, acting as amended from time to time or replaced, SECURITIES AND EXCHANGE
principal, from participating in or as if those rules applied to closed-end COMMISSION
effecting any transaction in connection management investment companies, Submission for OMB Review;
with any joint enterprise or joint and will comply with the NASD Comment Request
arrangement in which the investment Conduct Rule 2830, as amended from
company participates unless the time to time, as if that rule applied to Upon Written Request, Copies Available
Commission issues an order permitting all closed-end management investment From: Securities and Exchange
the transaction. In reviewing companies. Commission, Office of FOIA Services,
applications submitted under section For the Commission, by the Division of
100 F Street NE., Washington, DC
17(d) and rule 17d–1, the Commission Investment Management, under delegated 20549–2736.
considers whether the participation of authority. Extension:
the investment company in a joint Robert W. Errett, Rule 23c–3 and Form N–23c–3, SEC File
enterprise or joint arrangement is No. 270–373, OMB Control No. 3235–
Deputy Secretary.
consistent with the provisions, policies 0422.
[FR Doc. 2015–19014 Filed 8–3–15; 8:45 am]
and purposes of the Act, and the extent Notice is hereby given that, pursuant
to which the participation is on a basis BILLING CODE 8011–01–P
to the Paperwork Reduction Act of 1995
different from or less advantageous than (44 U.S.C. 3501 et. seq.), the Securities
that of other participants. and Exchange Commission (the
2. Rule 17d–3 under the Act provides SECURITIES AND EXCHANGE
COMMISSION ‘‘Commission’’) has submitted to the
an exemption from section 17(d) and Office of Management and Budget
rule 17d–1 to permit open-end (‘‘OMB’’) a request for extension of the
Sunshine Act Meeting
investment companies to enter into previously approved collection of
distribution arrangements pursuant to Notice is hereby given, pursuant to information discussed below.
rule 12b–1 under the Act. Applicants the provisions of the Government in the Rule 23c–3 (17 CFR 270.23c–3) under
request an order under section 17(d) and Sunshine Act, Public Law 94–409, that the Investment Company Act of 1940
rule 17d–1 under the Act to the extent the Securities and Exchange (15 U.S.C. 80a–1 et seq.) permits a
necessary to permit the Fund to impose Commission will hold a Closed Meeting registered closed-end investment
asset-based service and/or distribution on Thursday, August 6, 2015 at 2 p.m. company (‘‘closed-end fund’’ or ‘‘fund’’)
fees. Applicants have agreed to comply Commissioners, Counsel to the that meets certain requirements to
with rules 12b–1 and 17d–3 as if those Commissioners, the Secretary to the repurchase common stock of which it is
rules applied to closed-end investment Commission, and recording secretaries the issuer from shareholders at periodic
companies, which they believe will will attend the Closed Meeting. Certain intervals, pursuant to repurchase offers
resolve any concerns that might arise in staff members who have an interest in made to all holders of the stock. The
connection with a Fund financing the the matters also may be present. rule enables these funds to offer their
distribution of its Shares through asset- The General Counsel of the shareholders a limited ability to resell
based distribution fees. Commission, or her designee, has their shares in a manner that previously
3. For the reasons stated above, certified that, in her opinion, one or was available only to open-end
applicants submit that the exemptions more of the exemptions set forth in 5 investment company shareholders. To
requested under section 6(c) are U.S.C. 552b(c)(3), (5), (7), 9(B) and (10) protect shareholders, a closed-end fund
necessary and appropriate in the public and 17 CFR 200.402(a)(3), (5), (7), 9(ii) that relies on rule 23c–3 must send
interest and are consistent with the and (10), permit consideration of the shareholders a notification that contains
protection of investors and the purposes scheduled matter at the Closed Meeting. specified information each time the
fairly intended by the policy and Commissioner Gallagher, as duty fund makes a repurchase offer (on a
provisions of the Act. Applicants further officer, voted to consider the items quarterly, semi-annual, or annual basis,
submit that the relief requested listed for the Closed Meeting in closed or, for certain funds, on a discretionary
pursuant to section 23(c)(3) is consistent session. basis not more often than every two
with the protection of investors and The subject matter of the Closed years). The fund also must file copies of
insures that applicants do not unfairly Meeting will be: Settlement of the shareholder notification with the
discriminate against any holders of the injunctive actions; Institution and Commission (electronically through the
class or classes of securities to be settlement of administrative Commission’s Electronic Data
purchased. Finally, applicants submit proceedings; Consideration of amicus Gathering, Analysis, and Retrieval
that the requested relief meets the participation; and Other matters relating System (‘‘EDGAR’’)) on Form N–23c–3,
tkelley on DSK3SPTVN1PROD with NOTICES

standards for relief in section 17(d) of to enforcement proceedings. a filing that provides certain
the Act and rule 17d–1 thereunder. At times, changes in Commission
information about the fund and the type
Applicants state that the Funds’ priorities require alterations in the
of offer the fund is making.1 The fund
imposition of asset-based distribution scheduling of meeting items.
fees is consistent with the provisions, For further information and to 1 Form N–23c–3, entitled ‘‘Notification of
policies and purposes of the Act and ascertain what, if any, matters have been Repurchase Offer Pursuant to Rule 23c–3,’’ requires
does not involve participation on a basis added, deleted or postponed, please Continued

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Document Created: 2015-12-18 14:51:51
Document Modified: 2015-12-18 14:51:51

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
FR Citation		80 FR 46375