80 FR 50347 - Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Expand FINRA's Alternative Trading System (“ATS”) Transparency Initiative To Publish OTC Equity Volume Executed Outside ATSs
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 80, Issue 160 (August 19, 2015)
Federal Register Volume 80, Issue 160 (August 19, 2015)
| Page Range | 50347-50347 | |
| FR Document | 2015-20414 |
[Federal Register Volume 80, Number 160 (Wednesday, August 19, 2015)] [Notices] [Page 50347] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-20414] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-75697; File No. SR-FINRA-2015-020] Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Expand FINRA's Alternative Trading System (``ATS'') Transparency Initiative To Publish OTC Equity Volume Executed Outside ATSs August 13, 2015. On June 23, 2015, Financial Industry Regulatory Authority, Inc. (``FINRA'') filed with the Securities and Exchange Commission (``Commission''), pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (``Act'') \1\ and Rule 19b-4 thereunder,\2\ a proposed rule change to expand FINRA's alternative trading system transparency initiative to publish the remaining equity volume executed over-the-counter by FINRA members, including, among other trading activity, non-ATS electronic trading systems and internalized trades. The proposed rule change was published for comment in the Federal Register on July 9, 2015.\3\ The Commission received two comments on the proposal.\4\ --------------------------------------------------------------------------- \1\ 15 U.S.C. 78s(b)(1). \2\ 17 CFR 240.19b-4. \3\ See Securities Exchange Act Release No. 75356 (July 2, 2015), 80 FR 39463 (July 9, 2015) (``Notice''). \4\ See letter from Kerry Baker Relf, Head of Content Acquisition and Rights Management, Thomson Reuters to Brent J. Fields, Secretary, Commission, dated July 20, 2015 and letter from Theodore R. Lazo, Managing Director and Associate General Counsel, Securities Industry and Financial Markets Association, to Brent J. Fields, Secretary, Commission, dated July 30, 2015. --------------------------------------------------------------------------- Section 19(b)(2) of the Act \5\ provides that, within 45 days of the publication of notice of the filing of a proposed rule change, or within such longer period up to 90 days as the Commission may designate if it finds such longer period to be appropriate and publishes its reasons for so finding or as to which the self-regulatory organization consents, the Commission shall approve the proposed rule change, disapprove the proposed rule change, or institute proceedings to determine whether the proposed rule change should be disapproved. The 45th day for this filing is August 23, 2015. The Commission is extending this 45-day time period. The Commission finds that it is appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change, comments received, and any response to comments submitted by FINRA. --------------------------------------------------------------------------- \5\ 15 U.S.C. 78s(b)(2). --------------------------------------------------------------------------- Accordingly, the Commission, pursuant to Section 19(b)(2) of the Act,\6\ designates October 7, 2015, as the date by which the Commission shall approve, disapprove, or institute proceedings to determine whether to disapprove the proposed rule change (File Number SR-FINRA- 2015-020). --------------------------------------------------------------------------- \6\ Id. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\7\ --------------------------------------------------------------------------- \7\ 17 CFR 200.30-3(a)(31). --------------------------------------------------------------------------- Brent J. Fields, Secretary. [FR Doc. 2015-20414 Filed 8-18-15; 8:45 am] BILLING CODE 8011-01-P
![Federal Register / Vol. 80, No. 160 / Wednesday, August 19, 2015 / Notices 50347
rule 2a–7 for short-term cash Section 19(b)(2) of the Act 5 provides Form N–1A, Items 22(c)(1)(ii),
management purposes. that, within 45 days of the publication 22(c)(1)(iii), 22(c)(8) and 22(c)(9) of
of notice of the filing of a proposed rule Schedule 14A under the Securities
B. Other Investments by Section
change, or within such longer period up Exchange Act of 1934, and sections 6–
12(d)(1)(G) Funds of Funds
to 90 days as the Commission may 07(2)(a), (b), and (c) of Regulation S–X
In addition, applicants agree that the designate if it finds such longer period (‘‘Disclosure Requirements’’). The
order granting the requested relief to to be appropriate and publishes its requested exemption would permit an
permit Section 12(d)(1)(G) Funds of reasons for so finding or as to which the investment adviser to hire and replace
Funds to invest in Other Investments self-regulatory organization consents, certain subadvisers without shareholder
shall be subject to the following the Commission shall approve the approval and grant relief from the
condition: proposed rule change, disapprove the Disclosure Requirements as they relate
1. Applicants will comply with all proposed rule change, or institute to fees paid to the subadvisers.
provisions of rule 12d1–2 under the Act, proceedings to determine whether the
except for paragraph (a)(2) to the extent proposed rule change should be APPLICANTS: PSP Family of Funds (the
that it restricts any Section 12(d)(1)(G) disapproved. The 45th day for this filing ‘‘Trust’’), a Delaware statutory trust
Fund of Funds from investing in Other is August 23, 2015. The Commission is registered under the Act as an open-end
Investments as described in the extending this 45-day time period. The management investment company, and
application. Commission finds that it is appropriate Pulteney Street Capital Management,
For the Commission, by the Division of to designate a longer period within LLC, a Delaware limited liability
Investment Management, pursuant to which to take action on the proposed company registered as an investment
delegated authority. rule change so that it has sufficient time adviser under the Investment Advisers
Brent J. Fields, to consider the proposed rule change, Act of 1940 (the ‘‘Adviser,’’ and,
Secretary. comments received, and any response to collectively with the Trust, the
[FR Doc. 2015–20413 Filed 8–18–15; 8:45 am] comments submitted by FINRA. ‘‘Applicants’’).
BILLING CODE 8011–01–P Accordingly, the Commission, FILING DATES: The application was filed
pursuant to Section 19(b)(2) of the Act,6 on September 5, 2014 and amended on
designates October 7, 2015, as the date December 18, 2014, June 10, 2015, and
SECURITIES AND EXCHANGE by which the Commission shall July 27, 2015.
COMMISSION approve, disapprove, or institute HEARING OR NOTIFICATION OF HEARING: An
proceedings to determine whether to order granting the application will be
[Release No. 34–75697; File No. SR–FINRA–
disapprove the proposed rule change issued unless the Commission orders a
2015–020]
(File Number SR–FINRA–2015–020). hearing. Interested persons may request
Self-Regulatory Organizations; For the Commission, by the Division of a hearing by writing to the
Financial Industry Regulatory Trading and Markets, pursuant to delegated Commission’s Secretary and serving
Authority, Inc.; Notice of Designation authority.7 applicants with a copy of the request,
of a Longer Period for Commission Brent J. Fields, personally or by mail. Hearing requests
Action on a Proposed Rule Change To Secretary. should be received by the Commission
Expand FINRA’s Alternative Trading [FR Doc. 2015–20414 Filed 8–18–15; 8:45 am] by 5:30 p.m. on September 8, 2015, and
System (‘‘ATS’’) Transparency BILLING CODE 8011–01–P should be accompanied by proof of
Initiative To Publish OTC Equity service on the applicants, in the form of
Volume Executed Outside ATSs an affidavit or, for lawyers, a certificate
SECURITIES AND EXCHANGE of service. Pursuant to rule 0–5 under
August 13, 2015.
COMMISSION the Act, hearing requests should state
On June 23, 2015, Financial Industry the nature of the writer’s interest, any
Regulatory Authority, Inc. (‘‘FINRA’’) [Investment Company Act Release No.
31754; 812–14356] facts bearing upon the desirability of a
filed with the Securities and Exchange
hearing on the matter, the reason for the
Commission (‘‘Commission’’), pursuant
Pulteney Street Capital Management, request, and the issues contested.
to Section 19(b)(1) of the Securities
LLC and PSP Family of Funds; Notice Persons who wish to be notified of a
Exchange Act of 1934 (‘‘Act’’) 1 and Rule
of Application hearing may request notification by
19b–4 thereunder,2 a proposed rule
writing to the Commission’s Secretary.
change to expand FINRA’s alternative August 13, 2015.
trading system transparency initiative to ADDRESSES: Secretary, U.S. Securities
AGENCY: Securities and Exchange
publish the remaining equity volume and Exchange Commission, 100 F Street
Commission (‘‘Commission’’).
executed over-the-counter by FINRA NE., Washington, DC 20549–1090.
ACTION: Notice of an application under Applicants: Sean M. McCooey, PSP
members, including, among other section 6(c) of the Investment Company
trading activity, non-ATS electronic Family of Funds, 1345 Avenue of the
Act of 1940 (‘‘Act’’) for an exemption Americas, 3rd Floor, New York, NY
trading systems and internalized trades. from section 15(a) of the Act and rule
The proposed rule change was 10105; and Jeffrey T. Skinner, Esq.,
18f–2 under the Act, as well as from Kilpatrick, Townsend & Stockton LLP,
published for comment in the Federal certain disclosure requirements in rule
Register on July 9, 2015.3 The 1001 W. Fourth Street, Winston-Salem,
20a-1 under the Act, Item 19(a)(3) of NC 27101.
Commission received two comments on
the proposal.4 FOR FURTHER INFORMATION CONTACT:
Thomson Reuters to Brent J. Fields, Secretary,
tkelley on DSK3SPTVN1PROD with NOTICES
Commission, dated July 20, 2015 and letter from Parisa Haghshenas, Senior Counsel, at
1 15 U.S.C. 78s(b)(1). Theodore R. Lazo, Managing Director and Associate (202) 551–6723, or Holly Hunter-Ceci,
2 17 CFR 240.19b–4. General Counsel, Securities Industry and Financial Branch Chief, at (202) 551–6869
3 See Securities Exchange Act Release No. 75356 Markets Association, to Brent J. Fields, Secretary,
Commission, dated July 30, 2015.
(Division of Investment Management,
(July 2, 2015), 80 FR 39463 (July 9, 2015)
(‘‘Notice’’). 5 15 U.S.C. 78s(b)(2). Chief Counsel’s Office).
4 See letter from Kerry Baker Relf, Head of 6 Id. SUPPLEMENTARY INFORMATION: The
Content Acquisition and Rights Management, 7 17 CFR 200.30–3(a)(31). following is a summary of the
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Document Created: 2015-12-15 11:58:24
Document Modified: 2015-12-15 11:58:24
| 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 50347 |
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