80 FR 59218 - Interest Rates
SMALL BUSINESS ADMINISTRATION Federal Register Volume 80, Issue 190 (October 1, 2015)
Federal Register Volume 80, Issue 190 (October 1, 2015)
| Page Range | 59218-59218 | |
| FR Document | 2015-24991 |
[Federal Register Volume 80, Number 190 (Thursday, October 1, 2015)] [Notices] [Page 59218] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-24991] ----------------------------------------------------------------------- SMALL BUSINESS ADMINISTRATION Interest Rates The Small Business Administration publishes an interest rate called the optional ``peg'' rate (13 CFR 120.214) on a quarterly basis. This rate is a weighted average cost of money to the government for maturities similar to the average SBA direct loan. This rate may be used as a base rate for guaranteed fluctuating interest rate SBA loans. This rate will be 2.50 (2\1/2\) percent for the October-December quarter of FY 2016. Pursuant to 13 CFR 120.921(b), the maximum legal interest rate for any third party lender's commercial loan which funds any portion of the cost of a 504 project (see 13 CFR 120.801) shall be 6% over the New York Prime rate or, if that exceeds the maximum interest rate permitted by the constitution or laws of a given State, the maximum interest rate will be the rate permitted by the constitution or laws of the given State. John M. Wade, Acting Director, Office of Financial Assistance. [FR Doc. 2015-24991 Filed 9-30-15; 8:45 am] BILLING CODE P
![59218 Federal Register / Vol. 80, No. 190 / Thursday, October 1, 2015 / Notices
than the figure cited above because Electronic Comments SMALL BUSINESS ADMINISTRATION
some individuals may have had the
ability to file a Form U4 within three • Use the Commission’s Internet Revocation of License of Small
days of the Form U5 being filed but comment form (http://www.sec.gov/ Business Investment Company
chose not to do so.14 rules/sro.shtml); or
FINRA further notes that the proposed • Send an email to rule-comments@ Pursuant to the authority granted to
rule change will not impact the number sec.gov. Please include File Number SR– the United States Small Business
of options brokers have to address their FINRA–2015–032 on the subject line. Administration by the Wind-Up Order
concerns regarding a disclosure event of the United States District Court for
that has been reported on Form U5. As Paper Comments the Southern District of Texas, entered
previously mentioned, a broker can May 21, 2014, the United States Small
• Send paper comments in triplicate
respond via a Form U4 or a Broker Business Administration hereby revokes
Comment.15 Moreover, a broker also to Secretary, Securities and Exchange
Commission, 100 F Street NE., the license of Sundance Venture
may file a complaint with FINRA if they Partners, L.P., a Delaware Limited
believe that a firm has filed false or Washington, DC 20549–1090.
Partnership, to function as a small
misleading information on Form U5. All submissions should refer to File business investment company under the
Brokers now also have the ability to Number SR–FINRA–2015–032. This file Small Business Investment Company
dispute the accuracy of (or update) a number should be included on the License No. 08/78–0169 issued to
reported disclosure event.16 subject line if email is used. To help the Roaring Fork Capital, SBIC, L.P., on
C. Self-Regulatory Organization’s Commission process and review your April 23, 1990, and said license is
Statement on Comments on the comments more efficiently, please use hereby declared null and void as of May
Proposed Rule Change Received From only one method. The Commission will 21, 2014.
Members, Participants or Others post all comments on the Commission’s
United States Small Business
Written comments were neither Internet Web site (http://www.sec.gov/
Administration.
solicited nor received. rules/sro.shtml). Copies of the
Dated: September 21, 2015.
submission, all subsequent
III. Date of Effectiveness of the amendments, all written statements Javier E. Saade,
Proposed Rule Change and Timing for with respect to the proposed rule Associate Administrator for Investment.
Commission Action change that are filed with the [FR Doc. 2015–24981 Filed 9–30–15; 8:45 am]
Within 45 days of the date of Commission, and all written BILLING CODE 8025–01–P
publication of this notice in the Federal communications relating to the
Register or within such longer period proposed rule change between the
up to 90 days (i) as the Commission may Commission and any person, other than SMALL BUSINESS ADMINISTRATION
designate if it finds such longer period those that may be withheld from the
to be appropriate and publishes its public in accordance with the Interest Rates
reasons for so finding or (ii) as to which provisions of 5 U.S.C. 552, will be
the self-regulatory organization The Small Business Administration
available for Web site viewing and
consents, the Commission will: publishes an interest rate called the
printing in the Commission’s Public
A. By order approve or disapprove optional ‘‘peg’’ rate (13 CFR 120.214) on
Reference Room, 100 F Street NE.,
such proposed rule change, or a quarterly basis. This rate is a weighted
Washington, DC 20549, on official
B. institute proceedings to determine average cost of money to the
whether the proposed rule change business days between the hours of
government for maturities similar to the
should be disapproved. 10:00 a.m. and 3:00 p.m. Copies of the
average SBA direct loan. This rate may
filing also will be available for
IV. Solicitation of Comments be used as a base rate for guaranteed
inspection and copying at the principal
fluctuating interest rate SBA loans. This
Interested persons are invited to office of FINRA. All comments received
rate will be 2.50 (21⁄2) percent for the
submit written data, views, and will be posted without change; the
October–December quarter of FY 2016.
arguments concerning the foregoing, Commission does not edit personal
including whether the proposed rule identifying information from Pursuant to 13 CFR 120.921(b), the
change is consistent with the Act. submissions. You should submit only maximum legal interest rate for any
Comments may be submitted by any of information that you wish to make third party lender’s commercial loan
the following methods: available publicly. All submissions which funds any portion of the cost of
should refer to File Number SR–FINRA– a 504 project (see 13 CFR 120.801) shall
14 During its review, FINRA was unable to
2015–032 and should be submitted on be 6% over the New York Prime rate or,
determine the reason why individuals made their if that exceeds the maximum interest
Form U4 filings between 4 and 15 days after the or before October 22, 2015.
filing of the Form U5 and therefore FINRA cannot rate permitted by the constitution or
For the Commission, by the Division of
reliably estimate how many individuals may have laws of a given State, the maximum
had the ability to file a Form U4 within three days
Trading and Markets, pursuant to delegated
authority.17
interest rate will be the rate permitted
of the Form U5 being filed. FINRA further notes
that the waiting period under the current rule is
by the constitution or laws of the given
Robert W. Errett,
State.
mstockstill on DSK4VPTVN1PROD with NOTICES6
based on calendar days following the filing of the
Form U5 while the waiting period under the Deputy Secretary.
proposed rule change is based on business days [FR Doc. 2015–24885 Filed 9–30–15; 8:45 am] John M. Wade,
after FINRA processes the Form U5. Acting Director, Office of Financial
15 FINRA has improved the display of Broker
BILLING CODE 8011–01–P
Assistance.
Comments in the last few years by placing the
comment next to the corresponding disclosure in [FR Doc. 2015–24991 Filed 9–30–15; 8:45 am]
BrokerCheck rather than at the top of the first page BILLING CODE P
of an individual’s BrokerCheck report.
16 See Rule 8312(e). 17 17 CFR 200.30–3(a)(12).
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Document Created: 2015-12-15 08:40:37
Document Modified: 2015-12-15 08:40:37
| 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 59218 |
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