80 FR 57901 - Sunshine Act Meeting

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 80, Issue 186 (September 25, 2015)

Page Range		57901-57902
FR Document		2015-24547

Federal Register, Volume 80 Issue 186 (Friday, September 25, 2015)

[Federal Register Volume 80, Number 186 (Friday, September 25, 2015)]
[Notices]
[Pages 57901-57902]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-24547]


-----------------------------------------------------------------------

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 conference commemorating the 75th 
Anniversary of the Investment Company Act and the Investment Advisers 
Act on Tuesday, September 29, 2015 from 9:15 a.m. to 4:15 p.m., in the 
Auditorium, Room L-002.
    The event will include remarks from SEC Chair Mary Jo White and 
fellow commissioners, as well as a series of panel discussions 
featuring industry pioneers, former SEC chairmen and division 
directors, academics and other distinguished leaders to discuss 
significant ideas and themes in the history of the asset management 
industry.
    The conference will be held at SEC headquarters at 100 F Street NE. 
in Washington, DC. The roundtable will be webcast on the Commission's 
Web site at www.sec.gov and will be archived for later viewing. Seating 
for the public will be available.
    For further information, please contact: The Office of the 
Secretary at (202) 551-5400.


[[Page 57902]]


    Dated: September 22, 2015.
Brent J. Fields,
Secretary.
[FR Doc. 2015-24547 Filed 9-23-15; 4:15 pm]
 BILLING CODE 8011-01-P

Federal Register / Vol. 80, No. 186 / Friday, September 25, 2015 / Notices 57901

trustee or Sponsor of the Investing appropriate, the institution of Fund in which the Investing
Trust, other than any advisory fees paid procedures designed to ensure that Management Company may invest.
to the Fund of Funds Adviser, or trustee purchases of securities in Affiliated These findings and their basis will be
or Sponsor of an Investing Trust, or its Underwritings are in the best interest of fully recorded in the minute books of
affiliated person by the Fund, in shareholders of the Fund. the appropriate Investing Management
connection with the investment by the 8. Each Fund will maintain and Company.
Fund of Funds in the Fund. Any Fund preserve permanently in an easily 11. Any sales charges and/or service
of Funds Sub-Adviser will waive fees accessible place a written copy of the fees charged with respect to shares of a
otherwise payable to the Fund of Funds procedures described in the preceding Fund of Funds will not exceed the
Sub-Adviser, directly or indirectly, by condition, and any modifications to limits applicable to a fund of funds as
the Investing Management Company in such procedures, and will maintain and set forth in NASD Conduct Rule 2830.
an amount at least equal to any preserve for a period of not less than six 12. No Fund will acquire securities of
compensation received from a Fund by years from the end of the fiscal year in an investment company or company
the Fund of Funds Sub-Adviser, or an which any purchase in an Affiliated relying on section 3(c)(1) or 3(c)(7) of
affiliated person of the Fund of Funds Underwriting occurred, the first two the Act in excess of the limits contained
Sub-Adviser, other than any advisory years in an easily accessible place, a in section 12(d)(1)(A) of the Act, except
fees paid to the Fund of Funds Sub- written record of each purchase of to the extent the Fund acquires
Adviser or its affiliated person by the securities in Affiliated Underwritings securities of another investment
Fund, in connection with the once an investment by a Fund of Funds company pursuant to exemptive relief
investment by the Investing in the securities of the Fund exceeds the from the Commission permitting the
Management Company in the Fund limit of section 12(d)(1)(A)(i) of the Act, Fund to acquire securities of one or
made at the direction of the Fund of setting forth from whom the securities more investment companies for short-
Funds Sub-Adviser. In the event that the were acquired, the identity of the term cash management purposes.
Fund of Funds Sub-Adviser waives fees, underwriting syndicate’s members, the
the benefit of the waiver will be passed terms of the purchase, and the For the Commission, by the Division of
through to the Investing Management information or materials upon which Investment Management, under delegated
authority.
Company. the Board’s determinations were made.
6. No Fund of Funds or Fund of 9. Before investing in a Fund in Robert W. Errett,
Funds Affiliate (except to the extent it excess of the limit in section Deputy Secretary.
is acting in its capacity as an investment 12(d)(1)(A), a Fund of Funds and the [FR Doc. 2015–24446 Filed 9–24–15; 8:45 am]
adviser to a Fund) will cause a Fund to applicable Trust will execute a FOF BILLING CODE 8011–01–P
purchase a security in any Affiliated Participation Agreement stating,
Underwriting. without limitation, that their respective
7. The Board of a Fund, including a boards of directors or trustees and their SECURITIES AND EXCHANGE
majority of the non-interested Board investment advisers, or trustee and COMMISSION
members, will adopt procedures Sponsor, as applicable, understand the
reasonably designed to monitor any terms and conditions of the order, and Sunshine Act Meeting
purchases of securities by the Fund in agree to fulfill their responsibilities
Notice is hereby given, pursuant to
an Affiliated Underwriting, once an under the order. At the time of its
the provisions of the Government in the
investment by a Fund of Funds in the investment in Shares of a Fund in
Sunshine Act, Public Law 94–409, that
securities of the Fund exceeds the limit excess of the limit in section
the Securities and Exchange
of section 12(d)(1)(A)(i) of the Act, 12(d)(1)(A)(i), a Fund of Funds will
Commission will hold a conference
including any purchases made directly notify the Fund of the investment. At
commemorating the 75th Anniversary of
from an Underwriting Affiliate. The such time, the Fund of Funds will also
the Investment Company Act and the
Board will review these purchases transmit to the Fund a list of the names
periodically, but no less frequently than of each Fund of Funds Affiliate and Investment Advisers Act on Tuesday,
annually, to determine whether the Underwriting Affiliate. The Fund of September 29, 2015 from 9:15 a.m. to
purchases were influenced by the Funds will notify the Fund of any 4:15 p.m., in the Auditorium, Room
investment by the Fund of Funds in the changes to the list of the names as soon L–002.
Fund. The Board will consider, among as reasonably practicable after a change The event will include remarks from
other things: (i) Whether the purchases occurs. The Fund and the Fund of SEC Chair Mary Jo White and fellow
were consistent with the investment Funds will maintain and preserve a commissioners, as well as a series of
objectives and policies of the Fund; (ii) copy of the order, the FOF Participation panel discussions featuring industry
how the performance of securities Agreement, and the list with any pioneers, former SEC chairmen and
purchased in an Affiliated Underwriting updated information for the duration of division directors, academics and other
compares to the performance of the investment and for a period of not distinguished leaders to discuss
comparable securities purchased during less than six years thereafter, the first significant ideas and themes in the
a comparable period of time in two years in an easily accessible place. history of the asset management
underwritings other than Affiliated 10. Before approving any advisory industry.
Underwritings or to a benchmark such contract under section 15 of the Act, the The conference will be held at SEC
as a comparable market index; and (iii) board of directors or trustees of each headquarters at 100 F Street NE. in
Washington, DC. The roundtable will be
mstockstill on DSK4VPTVN1PROD with NOTICES

whether the amount of securities Investing Management Company
purchased by the Fund in Affiliated including a majority of the disinterested webcast on the Commission’s Web site
Underwritings and the amount directors or trustees, will find that the at www.sec.gov and will be archived for
purchased directly from an advisory fees charged under such later viewing. Seating for the public will
Underwriting Affiliate have changed contract are based on services provided be available.
significantly from prior years. The that will be in addition to, rather than For further information, please
Board will take any appropriate actions duplicative of, the services provided contact: The Office of the Secretary at
based on its review, including, if under the advisory contract(s) of any (202) 551–5400.

VerDate Sep<11>2014 19:58 Sep 24, 2015 Jkt 235001 PO 00000 Frm 00119 Fmt 4703 Sfmt 4703 E:\FR\FM\25SEN1.SGM 25SEN1

Document Created: 2018-02-26 10:19:25
Document Modified: 2018-02-26 10:19:25

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 57901