80 FR 60724 - Self-Regulatory Organizations; NYSE MKT LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending Several Rules To Address Certain Order Handling Obligations on the Part of Its Floor Brokers
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 80, Issue 194 (October 7, 2015)
Federal Register Volume 80, Issue 194 (October 7, 2015)
| Page Range | 60724-60726 | |
| FR Document | 2015-25464 |
[Federal Register Volume 80, Number 194 (Wednesday, October 7, 2015)] [Notices] [Pages 60724-60726] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-25464] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-76064; File No. SR-NYSEMKT-2015-66] Self-Regulatory Organizations; NYSE MKT LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending Several Rules To Address Certain Order Handling Obligations on the Part of Its Floor Brokers October 1, 2015. Pursuant to Section 19(b)(1) \1\ of the Securities Exchange Act of 1934 (the ``Act'') \2\ and Rule 19b-4 thereunder,\3\ notice is hereby given that on September 16, 2015, NYSE MKT LLC (the ``Exchange'' or ``NYSE MKT'') filed with the Securities and Exchange Commission (the ``Commission'') the proposed rule change as described in Items I, II, and III below, which Items have been prepared by the self-regulatory organization. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. --------------------------------------------------------------------------- \1\ 15 U.S.C. 78s(b)(1). \2\ 15 U.S.C. 78a. \3\ 17 CFR 240.19b-4. --------------------------------------------------------------------------- I. Self-Regulatory Organization's Statement of the Terms of Substance of the Proposed Rule Change The Exchange proposes to amend several rules to address certain order handling obligations on the part of its Floor Brokers. The text of the proposed rule change is available on the Exchange's Web site at www.nyse.com, at the principal office of the Exchange, and at the Commission's Public Reference Room. II. Self-Regulatory Organization's Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, the self-regulatory organization included statements concerning the purpose of, and basis for, the proposed rule change and discussed any comments it received on the proposed rule change. The text of those statements may be examined at the places specified in Item IV below. The Exchange has prepared summaries, set forth in sections A, B, and C below, of the most significant parts of such statements. A. Self-Regulatory Organization's Statement of the Purpose of, and the Statutory Basis for, the Proposed Rule Change 1. Purpose The Exchange proposes to amend several rules to address certain order handling obligations on the part of its Floor Brokers. Specifically, the Exchange is proposing to amend Rules 900.3NY, 933NY, and 936NY to clarify whether orders sent to Floor Brokers are considered ``Held'' or ``Not Held''. This proposal would enable the Exchange to compete with options exchanges that have already implemented the types of changes being proposed here.\4\ --------------------------------------------------------------------------- \4\ See Securities and Exchange Act Release Nos. 75299 (June 25, 2015), 80 FR 37700 (July 1, 2015) (Approval Order); 74990 (May 18, 2015), 80 FR 29767 (May 22, 2015) (SR-CBOE-2015-047) (Notice). The Exchange notes that, unlike CBOE, the Exchange does not route certain electronic order to Floor Brokers. Therefore, the Exchange is not proposing rule text mirroring CBOE's rule in this regard. --------------------------------------------------------------------------- Current Rule 900.3NY(f) defines whether orders sent to Floor Brokers are presumed to be ``Held'' or ``Not Held.'' \5\ A ``Not Held'' order generally is one where the customer gives the Floor Broker discretion in executing the order, both with respect to the time of execution and the price (though the customer may specify a limit price), and the Floor Broker works the order over a period of time to avoid market impact while seeking best execution of the order. A ``Held'' order generally is one where the customer seeks a prompt execution at the best currently available price or prices. --------------------------------------------------------------------------- \5\ Rule 900.3NY(f) (Orders Defined) defines a ``Not Held Order'' as an order that is marked as ``not held'', ``NH'', or ``take time,'' or ``which bears any qualifying notation giving discretion as to the price or time at which such order is to be executed.'' --------------------------------------------------------------------------- The Exchange now proposes to establish in Rules 900.3NY(f), 933NY, and 936NY a different default status for orders sent to Floor Brokers because the Exchange believes that these provisions are intended to protect against a broker failing to properly represent and ultimately execute orders.\6\ Specifically the Exchange is proposing to amend Rule 900.3NY(f) to provide that ``[a]n order entrusted to a Floor Broker will be [[Page 60725]] considered a Not Held Order, unless otherwise specified by a Floor Broker's client.'' The Exchange is also proposing to add new Commentary .06 to Rule 933NY (Responsibilities of Floor Brokers) and to add language to Rule 936NY (Discretionary Transaction) that mirrors the language it proposes to add to Rule 900.3NY(f). The Exchange believes that these proposed changes, taken together, would result in a change to the default order handling obligations for orders sent to Floor Brokers (i.e., the Exchange would consider all orders sent to Floor Brokers to be ``Not Held'' by default). --------------------------------------------------------------------------- \6\ The Exchange notes that at the time these rules were adopted, virtually all options orders (large or small and retail or professional) were handled by Floor Brokers. Given the discrete profile of orders handled by Floor Brokers today (generally large size orders and often multi-leg) it is reasonable for Floor Brokers to ``work'' orders that are entrusted to them because that is the reason a customer would utilize a Floor Broker in today's environment. --------------------------------------------------------------------------- The Exchange notes that Rules 933NYand 936NY were based upon rules that were adopted prior to electronic trading and, therefore, did not contemplate the interaction between an electronic environment and a trading floor and have not been amended to specifically address that interaction. While it is clear that Floor Brokers have more discretion with regards to the manner in which they represent and execute orders on a trading floor than does a computer routing an order to the Exchange for execution, the bounds of the discretion have not been entirely clear. Rules 933NYand 936NY, among others, set certain boundaries to a Floor Broker's discretion, but the Exchange believes the current marketplace, with electronic and floor trading, favors an amendment to those boundaries. Electronic and floor trading gives clients the choice between an Amex Trading Permit Holder (``ATP'') that routes orders to the Exchange electronically or an ATP that executes orders via a Floor Broker. The Exchange believes that clients are keenly aware that the differences between electronic and floor trading include at least the following factors: A computer cannot deviate from its programed instructions, whereas a Floor Broker can take into account the nuance of the marketplace, such as the makeup of a particular trading floor, the individuals on that trading floor, and how the electronic books interact with that environment. The Exchange believes that clients use Floor Brokers precisely because Floor Brokers can take into account the nuance of the marketplace (i.e., exercise a certain level of discretion) to potentially provide higher execution quality. The Exchange likewise believes that if a client did not want a Floor Broker to use their expertise in the execution of an order, the client would simply send orders to the Exchange electronically. Given that Floor Brokers have more discretion with regards to the manner in which they represent and execute orders than do computers executing electronic orders, the Exchange is proposing to change certain boundaries related to that discretion. In particular, in recognition of the discretion implicit with the use of a Floor Broker, the Exchange seeks to provide notice to the marketplace that, unless otherwise specified by a Floor Broker's client, an order is deemed to be ``not held.'' The Exchange believes clients that choose to use Floor Brokers do so in order to utilize a Floor Broker's expertise in the execution of orders. This rule change would update Exchange rules by setting forth the presumptive discretion available to Floor Brokers in a manner consistent with modern market structure and the Floor Broker's role in the current trading environment. This filing also serves as notice to the investing community that orders sent to Floor Brokers will be deemed ``not held'' unless otherwise specified by the Floor Broker's client. In addition, the Exchange will announce the implementation of this rule change by Trader Update. 2. Statutory Basis The Exchange believes that the proposed change is consistent with Section 6(b) of the Act,\7\ in general, and furthers the objectives of Section 6(b)(5),\8\ in particular, in that it is designed to promote just and equitable principles of trade, to foster cooperation and coordination with persons engaged in regulating, clearing, settling, processing information with respect to, and facilitation transactions in securities, to remove impediments to, and perfect the mechanism of a free and open market and, in general, to protect investors and the public interest. Additionally, the Exchange believes the proposed rule change is consistent with the Section 6(b)(5) \9\ requirement that the rules of an exchange not be designed to permit unfair discrimination between customers, issuers, brokers, or dealers. --------------------------------------------------------------------------- \7\ 15 U.S.C. 78f(b). \8\ 15 U.S.C. 78f(b)(5). \9\ Id. --------------------------------------------------------------------------- In particular, the Exchange believes that it has articulated a reasonable basis for changing the current default presumption of whether a customer intends to provide a Floor Broker with the ability to exercise time and price discretion on its behalf as long as the order is not otherwise marked in a manner to suggest that the customer did not intend for its order to be treated as Not Held. Other than changing the default presumption to ``Not Held'' for most orders sent to Floor Brokers, the Exchange is not proposing to change any other order handling obligations applicable to Floor Brokers. The Exchange believes that its proposal is consistent with the Act and is designed to promote just and equitable principles of trade and remove impediments to and perfect the mechanism of a free and open market because it responds to an understanding of the changing role of Floor Brokers on the Exchange's Floor since it adopted Rule 936NY, and its understanding of how customers today use, and intend to continue to use, the services of Floor Brokers on the Exchange. In addition, the Exchange believes designating certain orders as ``not held'' is in the interest of facilitating transactions in securities and reflective of today's marketplace, which generally helps to protect investors and the public interest. B. Self-Regulatory Organization's Statement on Burden on Competition The Exchange does not believe that this proposed rule change would impose any burden on competition not necessary or appropriate in furtherance of the purposes of the Act. The Exchange does not believe the proposed rule change will impose any burden on competition because the rule change adds clarity regarding the default orders handling obligations for orders sent to Floor Brokers, reflects the modern market structure, is consistent with the reasons customers utilize Floor Brokers, and will be applied equally to all ATPs. To the extent that the proposed rule change will cause clients or brokers to choose the Exchange over other trading venues, market participants on other exchanges are welcome to become ATPs and trade at the Exchange if they determine that this proposed rule change has made the Exchange more attractive or favorable. In addition, as noted above, the Exchange believes the proposed rule change is pro-competitive and would allow the Exchange to compete more effectively with other options exchanges that have already adopted similar rule changes.\10\ --------------------------------------------------------------------------- \10\ See supra n. 4. --------------------------------------------------------------------------- C. Self-Regulatory Organization's Statement on Comments on the Proposed Rule Change Received From Members, Participants, or Others No written comments were solicited or received with respect to the proposed rule change. III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action The Exchange has filed the proposed rule change pursuant to Section [[Page 60726]] 19(b)(3)(A)(iii) of the Act \11\ and Rule 19b-4(f)(6) thereunder.\12\ Because the proposed rule change does not: (i) Significantly affect the protection of investors or the public interest; (ii) impose any significant burden on competition; and (iii) become operative prior to 30 days from the date on which it was filed, or such shorter time as the Commission may designate, if consistent with the protection of investors and the public interest, the proposed rule change has become effective pursuant to Section 19(b)(3)(A) of the Act and Rule 19b- 4(f)(6)(iii) thereunder. --------------------------------------------------------------------------- \11\ 15 U.S.C. 78s(b)(3)(A)(iii). \12\ 17 CFR 240.19b-4(f)(6). --------------------------------------------------------------------------- A proposed rule change filed under Rule 19b-4(f)(6) \13\ normally does not become operative prior to 30 days after the date of the filing. However, pursuant to Rule 19b4(f)(6)(iii),\14\ the Commission may designate a shorter time if such action is consistent with the protection of investors and the public interest. --------------------------------------------------------------------------- \13\ 17 CFR 240.19b-4(f)(6). \14\ 17 CFR 240.19b-4(f)(6)(iii). --------------------------------------------------------------------------- At any time within 60 days of the filing of such proposed rule change, the Commission summarily may temporarily suspend such rule change if it appears to the Commission that such action is necessary or appropriate in the public interest, for the protection of investors, or otherwise in furtherance of the purposes of the Act. If the Commission takes such action, the Commission shall institute proceedings under Section 19(b)(2)(B) \15\ of the Act to determine whether the proposed rule change should be approved or disapproved. --------------------------------------------------------------------------- \15\ 15 U.S.C. 78s(b)(2)(B). --------------------------------------------------------------------------- IV. Solicitation of Comments Interested persons are invited to submit written data, views, and arguments concerning the foregoing, including whether the proposed rule change is consistent with the Act. Comments may be submitted by any of the following methods: Electronic Comments:Use the Commission's Internet comment form (http://www.sec.gov/rules/sro.shtml); or Send an email to [email protected]. Please include File Number SR-NYSEMKT-2015-66 on the subject line. Paper Comments: Send paper comments in triplicate to Brent J. Fields, Secretary, Securities and Exchange Commission, 100 F Street NE., Washington, DC 20549-1090. All submissions should refer to File Number SR-NYSEMKT-2015-66. This file number should be included on the subject line if email is used. To help the Commission process and review your comments more efficiently, please use only one method. The Commission will post all comments on the Commission's Internet Web site (http://www.sec.gov/rules/sro.shtml). Copies of the submission, all subsequent amendments, all written statements with respect to the proposed rule change that are filed with the Commission, and all written communications relating to the proposed rule change between the Commission and any person, other than those that may be withheld from the public in accordance with the provisions of 5 U.S.C. 552, will be available for Web site viewing and printing in the Commission's Public Reference Section, 100 F Street NE., Washington, DC 20549-1090. Copies of the filing will also be available for inspection and copying at the NYSE's principal office and on its Internet Web site at www.nyse.com. All comments received will be posted without change; the Commission does not edit personal identifying information from submissions. You should submit only information that you wish to make available publicly. All submissions should refer to File Number SR-NYSEMKT-2015-66 and should be submitted on or before October 28, 2015. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\16\ --------------------------------------------------------------------------- \16\ 17 CFR 200.30-3(a)(12). --------------------------------------------------------------------------- Robert W. Errett, Deputy Secretary. [FR Doc. 2015-25464 Filed 10-6-15; 8:45 am] BILLING CODE 8011-01-P
![60724 Federal Register / Vol. 80, No. 194 / Wednesday, October 7, 2015 / Notices
IV. Solicitation of Comments For the Commission, by the Division of The Exchange has prepared summaries,
Trading and Markets, pursuant to delegated set forth in sections A, B, and C below,
Interested persons are invited to authority.17 of the most significant parts of such
submit written data, views, and Robert W. Errett, statements.
arguments concerning the foregoing, Deputy Secretary.
including whether the proposed rule A. Self-Regulatory Organization’s
[FR Doc. 2015–25463 Filed 10–6–15; 8:45 am]
change is consistent with the Act. Statement of the Purpose of, and the
BILLING CODE 8011–01–P
Statutory Basis for, the Proposed Rule
Comments may be submitted by any of
Change
the following methods:
SECURITIES AND EXCHANGE 1. Purpose
Electronic Comments COMMISSION The Exchange proposes to amend
• Use the Commission’s Internet [Release No. 34–76064; File No. SR– several rules to address certain order
comment form (http://www.sec.gov/ NYSEMKT–2015–66] handling obligations on the part of its
rules/sro.shtml); or Floor Brokers. Specifically, the
Self-Regulatory Organizations; NYSE Exchange is proposing to amend Rules
• Send an email to rule-comments@ MKT LLC; Notice of Filing and 900.3NY, 933NY, and 936NY to clarify
sec.gov. Please include File Number SR– Immediate Effectiveness of Proposed whether orders sent to Floor Brokers are
NYSEARCA–2015–81 on the subject Rule Change Amending Several Rules considered ‘‘Held’’ or ‘‘Not Held’’. This
line. To Address Certain Order Handling proposal would enable the Exchange to
Paper Comments Obligations on the Part of Its Floor compete with options exchanges that
Brokers have already implemented the types of
• Send paper comments in triplicate changes being proposed here.4
October 1, 2015. Current Rule 900.3NY(f) defines
to Brent J. Fields, Secretary, Securities
and Exchange Commission, 100 F Street Pursuant to Section 19(b)(1) 1 of the whether orders sent to Floor Brokers are
NE., Washington, DC 20549–1090. Securities Exchange Act of 1934 (the presumed to be ‘‘Held’’ or ‘‘Not Held.’’ 5
‘‘Act’’) 2 and Rule 19b–4 thereunder,3 A ‘‘Not Held’’ order generally is one
All submissions should refer to File notice is hereby given that on where the customer gives the Floor
Number SR–NYSEARCA–2015–81. This September 16, 2015, NYSE MKT LLC Broker discretion in executing the order,
file number should be included on the (the ‘‘Exchange’’ or ‘‘NYSE MKT’’) filed both with respect to the time of
subject line if email is used. To help the with the Securities and Exchange execution and the price (though the
Commission process and review your Commission (the ‘‘Commission’’) the customer may specify a limit price), and
comments more efficiently, please use proposed rule change as described in the Floor Broker works the order over a
only one method. The Commission will Items I, II, and III below, which Items period of time to avoid market impact
post all comments on the Commission’s have been prepared by the self- while seeking best execution of the
Internet Web site (http://www.sec.gov/ regulatory organization. The order. A ‘‘Held’’ order generally is one
rules/sro.shtml). Copies of the Commission is publishing this notice to where the customer seeks a prompt
submission, all subsequent solicit comments on the proposed rule execution at the best currently available
amendments, all written statements change from interested persons. price or prices.
with respect to the proposed rule The Exchange now proposes to
I. Self-Regulatory Organization’s
establish in Rules 900.3NY(f), 933NY,
change that are filed with the Statement of the Terms of Substance of
and 936NY a different default status for
Commission, and all written the Proposed Rule Change
orders sent to Floor Brokers because the
communications relating to the The Exchange proposes to amend Exchange believes that these provisions
proposed rule change between the several rules to address certain order are intended to protect against a broker
Commission and any person, other than handling obligations on the part of its failing to properly represent and
those that may be withheld from the Floor Brokers. The text of the proposed ultimately execute orders.6 Specifically
public in accordance with the rule change is available on the the Exchange is proposing to amend
provisions of 5 U.S.C. 552, will be Exchange’s Web site at www.nyse.com, Rule 900.3NY(f) to provide that ‘‘[a]n
available for Web site viewing and at the principal office of the Exchange, order entrusted to a Floor Broker will be
printing in the Commission’s Public and at the Commission’s Public
Reference Section, 100 F Street NE., Reference Room. 4 See Securities and Exchange Act Release Nos.
Washington, DC 20549–1090. Copies of 75299 (June 25, 2015), 80 FR 37700 (July 1, 2015)
II. Self-Regulatory Organization’s (Approval Order); 74990 (May 18, 2015), 80 FR
the filing will also be available for Statement of the Purpose of, and 29767 (May 22, 2015) (SR–CBOE–2015–047)
inspection and copying at the NYSE’s Statutory Basis for, the Proposed Rule (Notice). The Exchange notes that, unlike CBOE, the
principal office and on its Internet Web Exchange does not route certain electronic order to
Change Floor Brokers. Therefore, the Exchange is not
site at www.nyse.com. All comments proposing rule text mirroring CBOE’s rule in this
received will be posted without change; In its filing with the Commission, the regard.
the Commission does not edit personal self-regulatory organization included 5 Rule 900.3NY(f) (Orders Defined) defines a ‘‘Not
identifying information from statements concerning the purpose of, Held Order’’ as an order that is marked as ‘‘not
and basis for, the proposed rule change held’’, ‘‘NH’’, or ‘‘take time,’’ or ‘‘which bears any
submissions. You should submit only
asabaliauskas on DSK5VPTVN1PROD with NOTICES
qualifying notation giving discretion as to the price
and discussed any comments it received
information that you wish to make or time at which such order is to be executed.’’
on the proposed rule change. The text 6 The Exchange notes that at the time these rules
available publicly. All submissions of those statements may be examined at were adopted, virtually all options orders (large or
should refer to File Number SR– the places specified in Item IV below. small and retail or professional) were handled by
NYSEARCA–2015–81 and should be Floor Brokers. Given the discrete profile of orders
submitted on or before October 28, 17 17
handled by Floor Brokers today (generally large size
CFR 200.30–3(a)(12). orders and often multi-leg) it is reasonable for Floor
2015. 1 15 U.S.C. 78s(b)(1). Brokers to ‘‘work’’ orders that are entrusted to them
2 15 U.S.C. 78a.
because that is the reason a customer would utilize
3 17 CFR 240.19b–4. a Floor Broker in today’s environment.
VerDate Sep<11>2014 18:12 Oct 06, 2015 Jkt 238001 PO 00000 Frm 00114 Fmt 4703 Sfmt 4703 E:\FR\FM\07OCN1.SGM 07OCN1](https://thefederalregister.org/doc/80_FR_60918/page/1.svg)
![60726 Federal Register / Vol. 80, No. 194 / Wednesday, October 7, 2015 / Notices
19(b)(3)(A)(iii) of the Act 11 and Rule file number should be included on the SUMMARY OF APPLICATION: Applicants
19b–4(f)(6) thereunder.12 Because the subject line if email is used. To help the request an order to permit certain
proposed rule change does not: (i) Commission process and review your business development companies
Significantly affect the protection of comments more efficiently, please use (‘‘BDCs’’) and closed-end management
investors or the public interest; (ii) only one method. The Commission will investment companies to co-invest in
impose any significant burden on post all comments on the Commission’s portfolio companies with each other and
competition; and (iii) become operative Internet Web site (http://www.sec.gov/ with affiliated investment funds.
prior to 30 days from the date on which rules/sro.shtml). Copies of the APPLICANTS: Triton Pacific Investment
it was filed, or such shorter time as the submission, all subsequent Corporation, Inc. (the ‘‘Company’’),
Commission may designate, if amendments, all written statements Triton Pacific Income & Growth Fund
consistent with the protection of with respect to the proposed rule IV, LP (‘‘Fund IV’’), Triton Pacific
investors and the public interest, the change that are filed with the Platinum Fund IV, LP (‘‘Platinum IV’’
proposed rule change has become Commission, and all written and, together with Fund IV, the
effective pursuant to Section 19(b)(3)(A) communications relating to the ‘‘Existing Affiliated Private Funds’’),
of the Act and Rule 19b–4(f)(6)(iii) proposed rule change between the TPCP Fund Manager IV, LLC (the ‘‘Fund
thereunder. Commission and any person, other than Manager’’), Triton Pacific Adviser, LLC
A proposed rule change filed under those that may be withheld from the (the ‘‘BDC Adviser’’), Triton Pacific
Rule 19b–4(f)(6) 13 normally does not public in accordance with the Capital Partners, LLC (‘‘TPCP’’), and
become operative prior to 30 days after provisions of 5 U.S.C. 552, will be Triton Pacific Group, Inc. (‘‘TPG’’).
the date of the filing. However, pursuant available for Web site viewing and FILING DATES: The application was filed
to Rule 19b4(f)(6)(iii),14 the Commission printing in the Commission’s Public on February 8, 2013, and amended on
may designate a shorter time if such Reference Section, 100 F Street NE., May 17, 2013, July 15, 2013, December
action is consistent with the protection Washington, DC 20549–1090. Copies of 18, 2013, June 12, 2014, November 25,
of investors and the public interest. the filing will also be available for 2014, May 28, 2015, and September 29,
At any time within 60 days of the inspection and copying at the NYSE’s 2015.
filing of such proposed rule change, the principal office and on its Internet Web HEARING OR NOTIFICATION OF HEARING: An
Commission summarily may site at www.nyse.com. All comments order granting the requested relief will
temporarily suspend such rule change if received will be posted without change; be issued unless the Commission orders
it appears to the Commission that such the Commission does not edit personal a hearing. Interested persons may
action is necessary or appropriate in the identifying information from request a hearing by writing to the
public interest, for the protection of submissions. You should submit only Commission’s Secretary and serving
investors, or otherwise in furtherance of information that you wish to make applicants with a copy of the request,
the purposes of the Act. If the
available publicly. All submissions personally or by mail. Hearing requests
Commission takes such action, the
should refer to File Number SR– should be received by the Commission
Commission shall institute proceedings
NYSEMKT–2015–66 and should be by 5:30 p.m. on October 26, 2015, and
under Section 19(b)(2)(B) 15 of the Act to
submitted on or before October 28, should be accompanied by proof of
determine whether the proposed rule
2015. service on applicants, in the form of an
change should be approved or
For the Commission, by the Division of affidavit or, for lawyers, a certificate of
disapproved.
Trading and Markets, pursuant to delegated service. Pursuant to rule 0–5 under the
IV. Solicitation of Comments authority.16 Act, hearing requests should state the
Interested persons are invited to Robert W. Errett, nature of the writer’s interest, any facts
submit written data, views, and Deputy Secretary. bearing upon the desirability of a
arguments concerning the foregoing, [FR Doc. 2015–25464 Filed 10–6–15; 8:45 am]
hearing on the matter, the reason for the
including whether the proposed rule request, and the issues contested.
BILLING CODE 8011–01–P
change is consistent with the Act. Persons who wish to be notified of a
Comments may be submitted by any of hearing may request notification by
the following methods: SECURITIES AND EXCHANGE writing to the Commission’s Secretary.
COMMISSION ADDRESSES: Brent J. Fields, Secretary,
Electronic Comments: U.S. Securities and Exchange
• Use the Commission’s Internet Commission, 100 F St. NE., Washington,
[Release No. IC–31856; File No. 812–14122]
comment form (http://www.sec.gov/ DC 20549–1090. Applicants: 10877
rules/sro.shtml); or Triton Pacific Investment Corporation, Wilshire Blvd., 12th Floor, Los Angeles,
• Send an email to rule-comments@ CA 90024.
Inc., et al.; Notice of Application
sec.gov. Please include File Number SR– FOR FURTHER INFORMATION CONTACT:
NYSEMKT–2015–66 on the subject line. September 30, 2015. Laura J. Riegel, Senior Counsel, at (202)
Paper Comments: AGENCY:Securities and Exchange 551–6873 or Mary Kay Frech, Branch
Commission (‘‘Commission’’). Chief, at (202) 551–6821 (Chief
• Send paper comments in triplicate Counsel’s Office, Division of Investment
to Brent J. Fields, Secretary, Securities ACTION: Notice of application for an
Management).
and Exchange Commission, 100 F Street order under sections 17(d) and 57(i) of
SUPPLEMENTARY INFORMATION: The
asabaliauskas on DSK5VPTVN1PROD with NOTICES
NE., Washington, DC 20549–1090. the Investment Company Act of 1940
(the ‘‘Act’’) and rule 17d–1 under the following is a summary of the
All submissions should refer to File application. The complete application
Number SR–NYSEMKT–2015–66. This Act to permit certain joint transactions
otherwise prohibited by sections 17(d) may be obtained via the Commission’s
11 15 and 57(a)(4) of the Act and rule 17d–1 Web site by searching for the file
U.S.C. 78s(b)(3)(A)(iii).
12 17 CFR 240.19b–4(f)(6). under the Act. number, or for an applicant using the
13 17 CFR 240.19b–4(f)(6). Company name box, at http://
14 17 CFR 240.19b–4(f)(6)(iii). www.sec.gov/search/search.htm or by
15 15 U.S.C. 78s(b)(2)(B). 16 17 CFR 200.30–3(a)(12). calling (202) 551–8090.
VerDate Sep<11>2014 18:12 Oct 06, 2015 Jkt 238001 PO 00000 Frm 00116 Fmt 4703 Sfmt 4703 E:\FR\FM\07OCN1.SGM 07OCN1](https://thefederalregister.org/doc/80_FR_60918/page/3.svg)
Document Created: 2015-12-15 08:49:19
Document Modified: 2015-12-15 08:49:19
| 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 60724 |
2025 Federal Register | Disclaimer | Privacy Policy
USC | CFR | eCFR