81 FR 50591 - U.S. Department of State Advisory Committee on Private International Law (ACPIL): Public Meeting on Conciliated Settlement Agreements

DEPARTMENT OF STATE

Federal Register Volume 81, Issue 147 (August 1, 2016)

Page Range		50591-50592
FR Document		2016-18125

Federal Register, Volume 81 Issue 147 (Monday, August 1, 2016)

[Federal Register Volume 81, Number 147 (Monday, August 1, 2016)]
[Notices]
[Pages 50591-50592]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-18125]


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DEPARTMENT OF STATE

[Public Notice: 9656]


U.S. Department of State Advisory Committee on Private 
International Law (ACPIL): Public Meeting on Conciliated Settlement 
Agreements

    The Office of the Assistant Legal Adviser for Private International 
Law, Department of State, gives notice of a public meeting to discuss 
ongoing work in the United Nations Commission on International Trade 
Law (UNCITRAL) on the topic of the enforcement of

[[Page 50592]]

conciliated settlement agreements. The public meeting will take place 
on Wednesday, August 24, 2016 from 10:00 a.m. until 1:00 p.m. EDT. This 
is not a meeting of the full Advisory Committee.
    In 2014, the United States proposed that UNCITRAL develop a 
convention on the enforcement of conciliated settlement agreements that 
resolve international commercial disputes. See A/CN.9/822, available at 
http://www.uncitral.org/uncitral/commission/sessions/47th.html. In 
2015, UNCITRAL decided that its Working Group II should begin work on 
the topic. The Working Group discussed the topic at its September 2015 
and February 2016 sessions, and will do so again at its September 2016 
session. Documents for Working Group II are available at http://www.uncitral.org/uncitral/en/commission/working_groups/2Arbitration.html.
    The purpose of the public meeting is to obtain the views of 
concerned stakeholders on the instrument being developed by UNCITRAL. 
Those who cannot attend but wish to comment are welcome to do so by 
email to Tim Schnabel at [email protected].
    Time and Place: The meeting will take place from 10:00 a.m. until 
1:00 p.m. at 2430 E Street NW (South Building, SA-4A), Room 240, 
Washington, DC. Participants should arrive at the Navy Hill/Potomac 
Annex gate at 23rd and D Streets NW before 9:40 a.m. for visitor 
screening, and will be escorted to the South Building. If you are 
unable to attend the public meeting and would like to participate from 
a remote location, teleconferencing will be available.
    Public Participation: This meeting is open to the public, subject 
to the capacity of the meeting room. Access to the building is strictly 
controlled. For pre-clearance purposes, those planning to attend should 
email [email protected] providing full name, address, date of birth, 
citizenship, driver's license or passport number, and email address. 
This information will greatly facilitate entry into the building. A 
member of the public needing reasonable accommodation should email 
[email protected] not later than August 17, 2016. Requests made after that 
date will be considered, but might not be able to be fulfilled. If you 
would like to participate by telephone, please email [email protected] to 
obtain the call-in number and other information. We ask that each 
person who intends to participate by telephone notify us directly so 
that we may ensure that we have adequate dial-in capacity.
    Data from the public is requested pursuant to Public Law 99-399 
(Omnibus Diplomatic Security and Antiterrorism Act of 1986), as 
amended; Public Law 107-56 (USA PATRIOT Act); and Executive Order 
13356. The purpose of the collection is to validate the identity of 
individuals who enter Department facilities. The data will be entered 
into the Visitor Access Control System (VACS-D) database. Please see 
the Security Records System of Records Notice (State-36) at https://foia.state.gov/_docs/SORN/State-36.pdf for additional information.

    Dated: July 20, 2016.
Timothy R. Schnabel,
Attorney-Adviser, Office of Private International Law, Office of Legal 
Adviser, Department of State.
[FR Doc. 2016-18125 Filed 7-29-16; 8:45 am]
 BILLING CODE 4710-08-P

Federal Register / Vol. 81, No. 147 / Monday, August 1, 2016 / Notices 50591

material non-public information procedures for purchases and addition, the issuer has represented to
regarding the portfolio.25 redemptions of Shares in creation units the Exchange that it will advise the
Prior to the commencement of (and that Shares are not individually Exchange of any failure by the Fund to
trading, the Exchange will inform its redeemable); (b) BZX Rule 3.7, which comply with the continued listing
members in an Information Circular of imposes suitability obligations on requirements, and that, pursuant to its
the special characteristics and risks Exchange members with respect to obligations under Section 19(g)(1) of the
associated with trading the Shares. The recommending transactions in the Exchange Act, the Exchange will surveil
Exchange represents that trading of the Shares to customers; (c) how for compliance with the continued
Shares through the Exchange will be information regarding the Intraday listing requirements. If the Fund is not
subject to the Exchange’s surveillance Indicative Value and Disclosed Portfolio in compliance with the applicable
procedures for derivative products, is disseminated; (d) the risks involved listing requirements, the Exchange will
including Managed Fund Shares, and in trading the Shares during the Pre- commence delisting procedures under
that these surveillance procedures are Opening and After Hours Trading BZX Rule 14.12.
adequate to properly monitor the Sessions (as defined in the Exchange’s This approval order is based on all of
trading of the Shares on the Exchange rules), when an updated Intraday the Exchange’s representations,
during all trading sessions and to deter Indicative Value will not be calculated including those set forth above and in
and detect violations of Exchange rules or publicly disseminated; (e) the Amendment No. 1. The Commission
and the applicable federal securities requirement that members deliver a notes that the Fund and the Shares must
laws. prospectus to investors purchasing comply with the requirements of BZX
The Exchange represents that it deems newly issued Shares prior to or Rule 14.11(i) to be initially and
the Shares to be equity securities, thus concurrently with the confirmation of a continuously listed and traded on the
rendering trading in the Shares subject transaction; and (f) trading information. Exchange.
to the Exchange’s existing rules (6) For initial and continued listing, For the foregoing reasons, the
governing the trading of equity the Fund must be in compliance with Commission finds that the proposed
securities. In support of this proposal, Rule 10A–3 under the Exchange Act.26 rule change, as modified by Amendment
the Exchange has made the following (7) Aside from the Fund’s investments No. 1, is consistent with Section 6(b)(5)
representations: in the Subsidiary, neither the Fund nor of the Exchange Act 27 and Section
(1) The Shares will be subject to BZX the Subsidiary will invest in non-U.S. 11A(a)(1)(C)(iii) of the Exchange Act 28
Rule 14.11(i), which sets forth the initial equity securities. and the rules and regulations
and continued listing criteria applicable (8) Neither the Fund nor the thereunder applicable to a national
to Managed Fund Shares. Subsidiary will invest in derivatives securities exchange.
(2) The Exchange has appropriate other than Agriculture Commodities
rules to facilitate transactions in the Futures. IV. Conclusion
Shares during all trading sessions. (9) The Fund may hold up to an It is therefore ordered, pursuant to
(3) The Exchange may obtain aggregate amount of 15% of its net Section 19(b)(2) of the Exchange Act,29
information regarding trading in the assets in illiquid assets (calculated at that the proposed rule change (SR–
Shares and the underlying futures, the time of investment) deemed illiquid BatsBZX–2016–09), as modified by
including futures contracts held by the by the Adviser under the 1940 Act. The Amendment No. 1, be, and hereby is,
Subsidiary, via the Intermarket Fund will monitor its portfolio liquidity approved.
Surveillance Group (‘‘ISG’’) from other on an ongoing basis to determine
whether, in light of current For the Commission, by the Division of
exchanges who are members or affiliate Trading and Markets, pursuant to delegated
members of the ISG or with which the circumstances, an adequate level of
authority.30
Exchange has entered into a liquidity is being maintained, and will
consider taking appropriate steps in Robert W. Errett,
comprehensive surveillance sharing Deputy Secretary.
agreement. In addition, the Exchange is order to maintain adequate liquidity if,
through a change in values, net assets, [FR Doc. 2016–18053 Filed 7–29–16; 8:45 am]
able to access, as needed, trade
information for certain fixed income or other circumstances, more than 15% BILLING CODE 8011–01–P

instruments reported to FINRA’s Trade of the Fund’s net assets are held in
Reporting and Compliance Engine. illiquid assets.
(10) The Fund’s investments will be DEPARTMENT OF STATE
(4) All of the futures contracts in the
consistent with the Fund’s investment
Disclosed Portfolio for the Fund [Public Notice: 9656]
objective and will not be used to
(including those held by the Subsidiary)
achieve leveraged or inverse leveraged
will trade on markets that are a member U.S. Department of State Advisory
returns.
or affiliate member of ISG or on markets Committee on Private International
(11) A minimum of 100,000 Shares
with which the Exchange has in place Law (ACPIL): Public Meeting on
will be outstanding at the
a comprehensive surveillance sharing Conciliated Settlement Agreements
commencement of trading on the
agreement.
Exchange. The Office of the Assistant Legal
(5) Prior to the commencement of The Exchange represents that all
trading, the Exchange will inform its Adviser for Private International Law,
statements and representations made in Department of State, gives notice of a
members in an Information Circular of the filing regarding (a) the description of
the special characteristics and risks public meeting to discuss ongoing work
sradovich on DSK3GMQ082PROD with NOTICES

the portfolio, (b) limitations on portfolio in the United Nations Commission on
associated with trading the Shares. holdings or reference assets, or (c) the
Specifically, the Information Circular International Trade Law (UNCITRAL)
applicability of Exchange rules and on the topic of the enforcement of
will discuss the following: (a) The surveillance procedures constitute
25 The Exchange represents that an investment
continued listing requirements for 27 15 U.S.C. 78f(b)(5).
adviser to an open-end fund is required to be listing the Shares on the Exchange. In 28 15 U.S.C. 78k–1(a)(1)(C)(iii).
29 15 U.S.C. 78s(b)(2).
registered under the Investment Advisers Act of
1940. 26 See 17 CFR 240.10A–3. 30 17 CFR 200.30–3(a)(12).

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Document Created: 2016-07-30 06:25:32
Document Modified: 2016-07-30 06:25:32

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 50591