81 FR 35090 - Sunshine Act Meeting

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 81, Issue 105 (June 1, 2016)

Page Range		35090-35090
FR Document		2016-12948

Federal Register, Volume 81 Issue 105 (Wednesday, June 1, 2016)

[Federal Register Volume 81, Number 105 (Wednesday, June 1, 2016)]
[Notices]
[Page 35090]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-12948]


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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, June 2, 
2016 at 2:00 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 Stein, 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;
    Adjudicatory matters; 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 Brent J. Fields from 
the Office of the Secretary at (202) 551-5400.

    Dated: May 26, 2016.
Brent J. Fields,
Secretary.
[FR Doc. 2016-12948 Filed 5-27-16; 11:15 am]
BILLING CODE 8011-01-P

35090 Federal Register / Vol. 81, No. 105 / Wednesday, June 1, 2016 / Notices

(8) The Fund may hold up to an and surveillance procedures shall SECURITIES AND EXCHANGE
aggregate amount of 15% of its net constitute continued listing COMMISSION
assets in illiquid assets. The Fund will requirements for listing the Shares on
monitor its portfolio liquidity on an the Exchange. The issuer has Sunshine Act Meeting
ongoing basis to determine whether, in represented to the Exchange that it will
light of current circumstances, an Notice is hereby given, pursuant to
advise the Exchange of any failure by the provisions of the Government in the
adequate level of liquidity is being the Fund to comply with the continued
maintained, and will consider taking Sunshine Act, Public Law 94–409, that
listing requirements, and, pursuant to the Securities and Exchange
appropriate steps in order to maintain its obligations under Section 19(g)(1) of
adequate liquidity if, through a change Commission will hold a Closed Meeting
the Act, the Exchange will monitor 29 for on Thursday, June 2, 2016 at 2:00 p.m.
in values, net assets, or other compliance with the continued listing
circumstances, more than 15% of the Commissioners, Counsel to the
requirements. If the Fund is not in Commissioners, the Secretary to the
Fund’s net assets are held in illiquid compliance with the applicable listing
assets. Commission, and recording secretaries
requirements, the Exchange will will attend the Closed Meeting. Certain
(9) For initial and continued listing,
commence delisting procedures under staff members who have an interest in
the Fund must be in compliance with
NYSE Arca Equities Rule 5.5(m). This the matters also may be present.
Rule 10A–3 under the Exchange Act.28
(10) The Fund’s investments will be approval order is based on all of the The General Counsel of the
consistent with its investment objective Exchange’s representations, including Commission, or her designee, has
and will not be used to provide multiple those set forth above and in Amendment certified that, in her opinion, one or
returns of a benchmark or to produce No. 2. The Commission notes that the more of the exemptions set forth in 5
leveraged returns. The Fund’s Fund and the Shares must comply with U.S.C. 552b(c)(3), (5), (7), 9(B) and (10)
investments will not be used to seek the requirements of NYSE Arca Equities and 17 CFR 200.402(a)(3), (5), (7), 9(ii)
performance that is the multiple or Rule 8.600 to be initially and and (10), permit consideration of the
inverse multiple of the Fund’s primary continuously listed and traded on the scheduled matter at the Closed Meeting.
broad-based securities benchmark index Exchange. Commissioner Stein, as duty officer,
(as defined in Form N–1A). For the foregoing reasons, the voted to consider the items listed for the
(11) A minimum of 100,000 Shares Commission finds that the proposed Closed Meeting in closed session.
will be outstanding at the rule change, as modified by Amendment The subject matter of the Closed
commencement of trading on the No. 2, is consistent with Section 6(b)(5) Meeting will be:
Exchange. of the Exchange Act 30 and Section Institution and settlement of
(12) Prior to the commencement of injunctive actions;
11A(a)(1)(C)(iii) of the Exchange Act 31
trading, the Exchange will inform its Institution and settlement of
and the rules and regulations
Equity Trading Permit Holders in an administrative proceedings;
Information Bulletin of the special thereunder applicable to a national
Adjudicatory matters; and
characteristics and risks associated with securities exchange.
Other matters relating to enforcement
trading the Shares. Specifically, the IV. Conclusion proceedings.
Information Bulletin will discuss the At times, changes in Commission
following: (1) The procedures for It is therefore ordered, pursuant to priorities require alterations in the
purchases and redemptions of Shares in Section 19(b)(2) of the Exchange Act,32 scheduling of meeting items.
Creation Unit aggregations (and that that the proposed rule change (SR– For further information and to
Shares are not individually redeemable); NYSEArca–2016–46), as modified by ascertain what, if any, matters have been
(2) NYSE Arca Equities Rule 9.2(a), Amendment No. 2, be, and it hereby is, added, deleted or postponed, please
which imposes a duty of due diligence approved. contact Brent J. Fields from the Office of
on its Equity Trading Permit Holders to For the Commission, by the Division of the Secretary at (202) 551–5400.
learn the essential facts relating to every Trading and Markets, pursuant to delegated Dated: May 26, 2016.
customer prior to trading the Shares; (3) authority.33 Brent J. Fields,
the risks involved in trading the Shares
Brent J. Fields, Secretary.
during the Opening and Late Trading
Sessions when an updated Portfolio Secretary. [FR Doc. 2016–12948 Filed 5–27–16; 11:15 am]
Indicative Value will not be calculated [FR Doc. 2016–12782 Filed 5–31–16; 8:45 am] BILLING CODE 8011–01–P
or publicly disseminated; (4) how BILLING CODE 8011–01–P
information regarding the Portfolio
Indicative Value and the Disclosed 29 The Commission notes that certain other SECURITIES AND EXCHANGE
Portfolio is disseminated; (5) the proposals for the listing and trading of managed COMMISSION
requirement that Equity Trading Permit fund shares include a representation that the
exchange will ‘‘surveil’’ for compliance with the [Release No. 34–77902; File No. SR–
Holders deliver a prospectus to continued listing requirements. See, e.g., NYSEMKT–2016–55]
investors purchasing newly issued Amendment No. 2 to SR–BATS–2016–04, available
Shares prior to or concurrently with the at: http://www.sec.gov/comments/sr-bats-2016-04/ Self-Regulatory Organizations; NYSE
confirmation of a transaction; and (6) bats201604-2.pdf. In the context of this
representation, it is the Commission’s view that
MKT LLC; Notice of Filing and
trading information. ‘‘monitor’’ and ‘‘surveil’’ both mean ongoing Immediate Effectiveness of Proposed
The Exchange represents that all
sradovich on DSK3TPTVN1PROD with NOTICES

oversight of the Fund’s compliance with the Rule Change Amending Rule 930NY
statements and representations made in continued listing requirements. Therefore, the Regarding Definition of Floor Broker
this filing regarding (a) the description Commission does not view ‘‘monitor’’ as a more or
less stringent obligation than ‘‘surveil’’ with respect May 25, 2016.
of the portfolio, (b) limitations on to the continued listing requirements.
portfolio holdings or reference assets, or 30 15 U.S.C. 78f(b)(5). Pursuant to Section 19(b)(1) 1 of the
(c) the applicability of Exchange rules 31 15 U.S.C. 78k–1(a)(1)(C)(iii). Securities Exchange Act of 1934 (the
32 15 U.S.C. 78s(b)(2).
28 See 17 CFR 240.10A–3. 33 17 CFR 200.30–3(a)(12). 1 15 U.S.C. 78s(b)(1).

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Document Created: 2018-02-08 07:27:04
Document Modified: 2018-02-08 07:27:04

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		81 FR 35090