80 FR 55405 - Sunshine Act Meeting

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 80, Issue 178 (September 15, 2015)

Page Range		55405-55405
FR Document		2015-23221

Federal Register, Volume 80 Issue 178 (Tuesday, September 15, 2015)

[Federal Register Volume 80, Number 178 (Tuesday, September 15, 2015)]
[Notices]
[Page 55405]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-23221]


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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, 
September 17, 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 Aguilar, 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:
    Institution and settlement of injunctive actions;
    Institution and settlement of administrative proceedings;
    Opinion;
    Post-Argument Discussion;
    Resolution of litigation claims; 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: September 10, 2015.
Brent J. Fields,
Secretary.
[FR Doc. 2015-23221 Filed 9-11-15; 11:15 am]
BILLING CODE 8011-01-P

Federal Register / Vol. 80, No. 178 / Tuesday, September 15, 2015 / Notices 55405

to have acquired) securities of another comply with the rules under section For the Commission, by the Division of
investment company pursuant to 17(f) 18 and section 17(g) of the Act, as Investment Management, under delegated
exemptive relief from the Commission well as rule 22c-1 under the Act as if authority.
permitting TCLP or TC REIT to (i) each of the TCLP and TC REIT were an Robert W. Errett,
acquire securities of one or more open-end management investment Deputy Secretary.
investment companies for short-term company registered under the Act. [FR Doc. 2015–23093 Filed 9–14–15; 8:45 am]
cash management purposes, or (ii) Advisors will cause TCGP, TCLP and BILLING CODE 8011–01–P
engage in interfund borrowing and TC REIT to, and TCGP, TCLP and TC
lending transactions. REIT will, adopt policies and
11. A Fund will treat any leverage that procedures designed to ensure that each
TCLP or TC REIT incurs as though such SECURITIES AND EXCHANGE
of TCLP and TC REIT complies with the COMMISSION
leverage were incurred by the Fund for aforementioned sections of the Act and
purposes of determining compliance rules under the Act. Advisors will cause Sunshine Act Meeting
with applicable restrictions under the TCGP, TCLP and TC REIT to, and TCGP,
Act relevant to the Fund’s use of TCLP and TC REIT will, periodically Notice is hereby given, pursuant to
leverage. Under no circumstances will a review and periodically update as the provisions of the Government in the
Fund guarantee, or otherwise be appropriate such policies and Sunshine Act, Public Law 94–409, that
responsible for the satisfaction of, any procedures, maintain books and records the Securities and Exchange
loan or obligation incurred by TCLP or describing such policies and Commission will hold a Closed Meeting
TC REIT.
procedures, and maintain the records on Thursday, September 17, 2015 at 2
12. The TCLP and TC REIT will
required by rules 31a-1(b)(1), 31a- p.m.
comply with the following sections of
the Act as if the TCLP and TC REIT each 1(b)(2)(ii) and 31a-1(b)(9) under the Act. Commissioners, Counsel to the
were an open-end management All books and records required to be Commissioners, the Secretary to the
investment company registered under made pursuant to this condition will be Commission, and recording secretaries
the Act, except as noted: Section 9; maintained and preserved for a period will attend the Closed Meeting. Certain
section 12 (except that, to the extent of not less than six years from the end staff members who have an interest in
necessary to implement the of the fiscal year in which any
the matters also may be present.
arrangements described herein, (i) the transaction occurs, the first two years in
an easily accessible place, and will be The General Counsel of the
Funds may invest in Units issued by Commission, or her designee, has
TCLP in accordance with condition 3, subject to examination by the
Commission and its staff. certified that, in her opinion, one or
(ii) TCLP may issue Units to the more of the exemptions set forth in 5
investing Funds subject to the limits in For purposes of implementing
condition 12, any action that the above- U.S.C. 552b(c)(3), (5), (7), 9(B) and (10)
condition 3, and (iii) TCLP may invest and 17 CFR 200.402(a)(3), (5), (7), 9(ii)
in TC REIT beyond the limits of sections referenced statutory and regulatory
provisions require to be taken or made and (10), permit consideration of the
12(d)(1)(A) and (B)); section 13
by the directors, officers and/or scheduled matter at the Closed Meeting.
(provided that section 13(a)(4) will
apply as though it read only ‘‘change the employees of a registered investment Commissioner Aguilar, as duty
nature of its business’’; the interests company will be performed by TCGP officer, voted to consider the items
issued by TCLP and TC REIT will be with respect to TCLP, and by Advisors listed for the Closed Meeting in closed
regarded as voting securities under (or its successor),19 as managing session.
section 2(a)(42) of the Act for purposes member with respect to TC REIT. As The subject matter of the Closed
of applying this condition; and the noted in this Application, the TCLP Meeting will be:
offering memoranda utilized by TCLP Committee will oversee the valuation of
Institution and settlement of
and TC REIT to offer and sell their the assets of TCLP and TC REIT for
injunctive actions;
interests will be regarded as registration which market quotations are not readily
statements for purposes of applying this available, which also will be relevant to Institution and settlement of
condition); section 17(a) (except insofar the implementation of condition 12. administrative proceedings;
as relief is provided by the order 13. To engage in Cross Transactions, Opinion;
requested herein); section 17(d) (except the Funds will comply with rule 17a-7 Post-Argument Discussion;
insofar as relief is provided by the order under the Act in all respects other than
requested herein); section 17(e); section the requirement that the parties to the Resolution of litigation claims; and
17(f); section 17(h); section 18 (although transaction be affiliated persons (or Other matters relating to enforcement
(a) the interests issued by TCLP and TC affiliated persons of affiliated persons) proceedings.
REIT will be regarded as voting of each other solely by reason of having At times, changes in Commission
securities under section 2(a)(42) of the a common investment adviser or
Act for purposes of applying this priorities require alterations in the
investment advisers which are affiliated scheduling of meeting items.
condition, (b) TC REIT will be permitted persons of each other, common officers,
to incur loans from Non-bank and/or common directors, solely For further information and to
Commercial Lenders, subject to the asset because a Fund and Other Account ascertain what, if any, matters have been
coverage limit, and (c) TC REIT will not might become affiliated persons within added, deleted or postponed, please
mstockstill on DSK4VPTVN1PROD with NOTICES

be required to restore 300% asset the meaning of section 2(a)(3)(A), (B) or contact the Office of the Secretary at
coverage within three days, as required (C) of the Act because of their (202) 551–5400.
under section 18(f), if such asset investments in TCLP. Dated: September 10, 2015.
coverage falls below 300% solely as a
Brent J. Fields,
result of a decline in the value of TC 18 Applicants note that they will operate TCLP
REIT’s real estate holdings); section 21; Secretary.
and TC REIT such that rules under section 17(f) will
section 36; and sections 37–53. In not be applicable to either entity. [FR Doc. 2015–23221 Filed 9–11–15; 11:15 am]
addition, the TCLP and TC REIT will 19 See supra, note 2. BILLING CODE 8011–01–P

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Document Created: 2015-12-15 10:09:26
Document Modified: 2015-12-15 10:09:26

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 55405