81 FR 51521 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change Amending NYSE Rule 6A To Exclude the Physical Area Within Fully Enclosed Telephone Booths Located in 18 Broad Street From the Definition of Trading Floor
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 81, Issue 150 (August 4, 2016)
Federal Register Volume 81, Issue 150 (August 4, 2016)
| Page Range | 51521-51522 | |
| FR Document | 2016-18469 |
[Federal Register Volume 81, Number 150 (Thursday, August 4, 2016)] [Notices] [Pages 51521-51522] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-18469] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-78442; File No. SR-NYSE-2016-31] Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change Amending NYSE Rule 6A To Exclude the Physical Area Within Fully Enclosed Telephone Booths Located in 18 Broad Street From the Definition of Trading Floor July 29, 2016. On May 31, 2016, New York Stock Exchange LLC (``NYSE'' or the ``Exchange'') filed with the Securities and Exchange Commission (``Commission''), pursuant to section 19(b)(1) of the Securities Exchange Act of 1934 (``Act'') \1\ and Rule 19b-4 thereunder,\2\ a proposed rule change to amend NYSE Rule 6A (``Trading Floor'') to exclude an area within fully enclosed telephone booths located in 18 Broad Street from the definition of Trading Floor. The proposed rule change was published for comment in the Federal Register on June 17, 2016.\3\ No comments have been received on the proposed rule change. --------------------------------------------------------------------------- \1\ 15 U.S.C. 78s(b)(1). \2\ 17 CFR 240.19b-4. \3\ See Securities Exchange Act Release No. 78057 (June 13, 2016), 81 FR 39722 (June 17, 2016). --------------------------------------------------------------------------- Section 19(b)(2) of the Act \4\ provides that within 45 days of the publication of notice of the filing of a proposed rule [[Page 51522]] change, or within such longer period up to 90 days as the Commission may designate if it finds such longer period to be appropriate and publishes its reasons for so finding or as to which the self-regulatory organization consents, the Commission shall either approve the proposed rule change, disapprove the proposed rule change, or institute proceedings to determine whether the proposed rule change should be disapproved. The 45th day after publication of the notice for this proposed rule change is August 1, 2016. The Commission is extending this 45-day time period for Commission action on the proposed rule change. --------------------------------------------------------------------------- \4\ 15 U.S.C. 78s(b)(2). --------------------------------------------------------------------------- The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider this proposed rule change. Accordingly, the Commission, pursuant to section 19(b)(2) of the Act,\5\ and for the reason noted above, designates September 15, 2016 as the date by which the Commission shall either approve or disapprove, or institute proceedings to determine whether to disapprove, the proposed rule change (File No. SR-NYSE-2016-31). --------------------------------------------------------------------------- \5\ 15 U.S.C. 78s(b)(2). \6\ 17 CFR 200.30-3(a)(31). For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\6\ Robert W. Errett, Deputy Secretary. [FR Doc. 2016-18469 Filed 8-3-16; 8:45 am] BILLING CODE 8011-01-P
![Federal Register / Vol. 81, No. 150 / Thursday, August 4, 2016 / Notices 51521
involved in trading the Shares during futures contracts; and exchange-traded Exchange on an initial and continuing
the Pre-Market and Post-Market options on interest rate swap basis.
Sessions when an updated Intraday agreements) (in the aggregate) will be For the foregoing reasons, the
Indicative Value will not be calculated invested in instruments that trade in Commission finds that the proposed
or publicly disseminated; (e) the markets that are members of ISG or are rule change is consistent with Section
requirement that members deliver a parties to a comprehensive surveillance 6(b)(5) of the Act 40 and the rules and
prospectus to investors purchasing sharing agreement with the Exchange. regulations thereunder applicable to a
newly issued Shares prior to or (13) All of the Fund’s net assets that national securities exchange.
concurrently with the confirmation of a are invested in exchange-traded equity
transaction; and (f) trading information. IV. Conclusion
securities (including mortgage REITs
(6) For initial and continued listing, (both common and preferred shares); It is therefore ordered, pursuant to
the Fund must be in compliance with ETFs; and exchange-traded Real Estate Section 19(b)(2) of the Exchange Act,41
Rule 10A–3 under the Act.38 Companies) (in the aggregate) will be that the proposed rule change (SR–
(7) The Fund’s investments in invested in securities that trade in NASDAQ–2016–064) be, and it hereby
derivative instruments will be markets that are members of ISG or are is, approved.
consistent with the Fund’s investment parties to a comprehensive surveillance For the Commission, by the Division of
objective and the 1940 Act and will not sharing agreement with the Exchange. Trading and Markets, pursuant to delegated
be used to seek to achieve a multiple or (14) A minimum of 100,000 Shares authority.42
inverse multiple of an index, and the will be outstanding at the Robert W. Errett,
Fund will only enter into transactions in commencement of trading on the Deputy Secretary.
OTC derivatives (including OTC options Exchange. [FR Doc. 2016–18470 Filed 8–3–16; 8:45 am]
on mortgage REITs, Real Estate
The Exchange represents that all BILLING CODE 8011–01–P
Companies and mortgage TBA
statements and representations made in
transactions; OTC interest rate swap
this filing regarding (a) the description
agreements; and OTC options on
of the portfolio, (b) limitations on SECURITIES AND EXCHANGE
interest rate swap agreements) with
portfolio holdings or reference assets, or COMMISSION
counterparties that the Adviser
(c) the applicability of Exchange rules
reasonably believes are capable of [Release No. 34–78442; File No. SR–NYSE–
and surveillance procedures shall 2016–31]
performing under the applicable
constitute continued listing
contract or agreement.
(8) The Fund may invest (but only, in requirements for listing the Shares on Self-Regulatory Organizations; New
the aggregate, up to 10% of its net the Exchange. In addition, the issuer has York Stock Exchange LLC; Notice of
assets) in the securities of money market represented to the Exchange that it will Designation of a Longer Period for
funds and other ETFs that, in each case, advise the Exchange of any failure by Commission Action on a Proposed
will be investment companies registered the Fund to comply with the continued Rule Change Amending NYSE Rule 6A
under the 1940 Act, and ETFs included listing requirements, and, pursuant to To Exclude the Physical Area Within
in the Fund will be listed and traded in its obligations under Section 19(g)(1) of Fully Enclosed Telephone Booths
the U.S. on registered exchanges. the Act, the Exchange will monitor for Located in 18 Broad Street From the
(9) The Fund will not invest in compliance with the continued listing Definition of Trading Floor
leveraged or inverse leveraged (e.g., 2X requirements.39 If the Fund is not in
compliance with the applicable listing July 29, 2016.
or ¥3X) ETFs.
(10) The Fund will not engage in short requirements, the Exchange will On May 31, 2016, New York Stock
sales with respect to more than 30% of commence delisting procedures under Exchange LLC (‘‘NYSE’’ or the
the value of its net assets. To the extent the Nasdaq 5800 Series. ‘‘Exchange’’) filed with the Securities
required under applicable federal This approval order is based on all of and Exchange Commission
securities laws, rules, and the Exchange’s representations, (‘‘Commission’’), pursuant to section
interpretations thereof, the Fund will including those set forth above and in 19(b)(1) of the Securities Exchange Act
‘‘set aside’’ liquid assets or engage in the Notice. The Commission notes that of 1934 (‘‘Act’’) 1 and Rule 19b–4
other measures to ‘‘cover’’ open the Fund and the Shares must comply thereunder,2 a proposed rule change to
positions and short positions held in with the requirements of Nasdaq Rule amend NYSE Rule 6A (‘‘Trading Floor’’)
connection with the foregoing types of 5735 to be listed and traded on the to exclude an area within fully enclosed
transactions. telephone booths located in 18 Broad
(11) The Fund may hold up to an 39 The Commission notes that certain other Street from the definition of Trading
aggregate amount of 15% of its net proposals for the listing and trading of Managed Floor. The proposed rule change was
Fund Shares include a representation that the published for comment in the Federal
assets in illiquid assets (calculated at exchange will ‘‘surveil’’ for compliance with the
the time of investment), including continued listing requirements. See, e.g., Securities Register on June 17, 2016.3 No
securities deemed illiquid by the Exchange Act Release No. 77499 (April 1, 2016), 81 comments have been received on the
Adviser. FR 20428 (April 7, 2016) (Notice of Filing of proposed rule change.
Amendment No. 2, and Order Granting Accelerated Section 19(b)(2) of the Act 4 provides
(12) At least 90% of the Fund’s net Approval of a Proposed Rule Change, as Modified
assets that are invested in exchange- by Amendment No. 2, to List and Trade Shares of that within 45 days of the publication of
traded derivatives (including exchange- the SPDR DoubleLine Short Duration Total Return notice of the filing of a proposed rule
Tactical ETF of the SSgA Active Trust), available
sradovich on DSK3GMQ082PROD with NOTICES
traded options on mortgage REITs and
at: http://www.sec.gov/rules/sro/bats/2016/34- 40 15 U.S.C. 78f(b)(5).
Real Estate Companies; exchange-traded 77499.pdf. In the context of this representation, it 41 15 U.S.C. 78s(b)(2).
U.S. Treasury and Eurodollar futures is the Commission’s view that ‘‘monitor’’ and 42 17 CFR 200.30–3(a)(12).
contracts; exchange-traded interest rate ‘‘surveil’’ both mean ongoing oversight of the 1 15 U.S.C. 78s(b)(1).
swap agreements; exchange-traded Fund’s compliance with the continued listing
2 17 CFR 240.19b–4.
requirements. Therefore, the Commission does not
options on U.S. Treasury and Eurodollar view ‘‘monitor’’ as a more or less stringent 3 See Securities Exchange Act Release No. 78057
obligation than ‘‘surveil’’ with respect to the (June 13, 2016), 81 FR 39722 (June 17, 2016).
38 See 17 CFR 240.10A–3. continued listing requirements. 4 15 U.S.C. 78s(b)(2).
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![51522 Federal Register / Vol. 81, No. 150 / Thursday, August 4, 2016 / Notices
change, or within such longer period up serving the relevant applicant with a transferred its assets to UBS Total
to 90 days as the Commission may copy of the request, personally or by Return Bond Fund and, on May 23,
designate if it finds such longer period mail. Hearing requests should be 2016, made a final distribution to its
to be appropriate and publishes its received by the SEC by 5:30 p.m. on shareholders based on net asset value.
reasons for so finding or as to which the August 23, 2016, and should be Expenses of $430,602.97 incurred in
self-regulatory organization consents, accompanied by proof of service on connection with the reorganization were
the Commission shall either approve the applicants, in the form of an affidavit or, paid by the applicant.
proposed rule change, disapprove the for lawyers, a certificate of service. Filing Dates: The application was
proposed rule change, or institute Pursuant to Rule 0–5 under the Act, filed on June 30, 2016 and amended on
proceedings to determine whether the hearing requests should state the nature July 22, 2016.
proposed rule change should be of the writer’s interest, any facts bearing Applicant’s Address: One North
disapproved. The 45th day after upon the desirability of a hearing on the Wacker Drive, Chicago, Illinois 60606.
publication of the notice for this matter, the reason for the request, and American Real Estate Income Fund
proposed rule change is August 1, 2016. the issues contested. Persons who wish
The Commission is extending this 45- to be notified of a hearing may request [File No. 811–22599]
day time period for Commission action notification by writing to the Summary: Applicant, a closed-end
on the proposed rule change. Commission’s Secretary. investment company, seeks an order
The Commission finds it appropriate ADDRESSES: The Commission: Secretary,
declaring that it has ceased to be an
to designate a longer period within U.S. Securities and Exchange investment company. On March 22,
which to take action on the proposed Commission, 100 F Street NE., 2016 and March 30, 2016, applicant
rule change so that it has sufficient time made liquidating distributions to its
Washington, DC 20549–1090.
to consider this proposed rule change. shareholders, based on net asset value.
FOR FURTHER INFORMATION CONTACT:
Accordingly, the Commission, pursuant In-kind share distributions, which
Jessica Shin, Attorney-Adviser, at (202) required re-registrations of shares in
to section 19(b)(2) of the Act,5 and for 551–5921 or Chief Counsel’s Office at
the reason noted above, designates order to complete the distributions,
(202) 551–6821; SEC, Division of were effected on various dates between
September 15, 2016 as the date by Investment Management, Chief
which the Commission shall either March 30, 2016 and June 30, 2016.
Counsel’s Office, 100 F Street NE., Expenses of $132,000 incurred in
approve or disapprove, or institute Washington, DC 20549–8010.
proceedings to determine whether to connection with the liquidation were
disapprove, the proposed rule change American Republic Variable Annuity paid by the applicant and applicant’s
(File No. SR–NYSE–2016–31). Account investment adviser.
Filing Dates: The application was
For the Commission, by the Division of [File No. 811–04921] filed on March 31, 2016 and June 30,
Trading and Markets, pursuant to delegated Summary: Applicant, a unit 2016.
authority.6 investment trust, seeks an order Applicant’s Address: 405 Park
Robert W. Errett, declaring that it has ceased to be an Avenue, 14th Floor, New York, New
Deputy Secretary. investment company. Applicant will York 10022.
[FR Doc. 2016–18469 Filed 8–3–16; 8:45 am] continue to operate as a private
investment fund in reliance on section Capital Southwest Venture Corporation
BILLING CODE 8011–01–P
3(c)(1) of the Act. [File No. 811–01947]
Filing Dates: The application was Summary: Applicant, a closed-end
SECURITIES AND EXCHANGE filed on June 29, 2016 and amended on investment company, seeks an order
COMMISSION July 12, 2016. declaring that it has ceased to be an
Applicant’s Address: 601 6th Avenue, investment company. On June 14, 2016,
[Release No. IC–32198] Des Moines, Iowa 50309. June 30, 2016, and July 8, 2016,
Notice of Applications for Stratus Fund Inc. applicant made liquidating distributions
Deregistration Under Section 8(f) of the to its shareholders. Expenses of $36,944
[File No. 811–06259] incurred in connection with the
Investment Company Act of 1940
Summary: Applicant seeks an order liquidation were paid by an affiliate,
July 29, 2016. declaring that it has ceased to be an Capital Southwest Corporation.
The following is a notice of investment company. On June 10, 2016, Filing Date: The application was filed
applications for deregistration under applicant made a liquidating on July 12, 2016.
section 8(f) of the Investment Company distribution to its shareholders, based Applicant’s Address: 5400 Lyndon B.
Act of 1940 for the month of July 2016. on net asset value. Expenses of Johnson Freeway, Suite 1300, Dallas,
A copy of each application may be $67,531.59 incurred in connection with Texas 75240.
obtained via the Commission’s Web site the liquidation were paid by the
Iowa Public Agency Investment Trust
by searching for the file number, or for applicant.
an applicant using the Company name Filing Date: The application was filed [File No. 811–07696]
box, at http://www.sec.gov/search/ on June 30, 2016. Summary: Applicant is a common law
search.htm or by calling (202) 551– Applicant’s Address: 6801 S. 27th trust organized and operated as a
8090. An order granting each Street, P.O. Box 82535, Lincoln, diversified, open-end management
Nebraska 68501.
sradovich on DSK3GMQ082PROD with NOTICES
application will be issued unless the investment company. Applicant states
SEC orders a hearing. Interested persons Fort Dearborn Income Securities, Inc. that it was established under Iowa law,
may request a hearing on any which authorizes Iowa cities, counties,
application by writing to the SEC’s [File No. 811–02319] and municipal utilities to jointly invest
Secretary at the address below and Summary: Applicant, a closed-end their monies pursuant to a joint
investment company, seeks an order investment agreement.
5 15 U.S.C. 78s(b)(2). declaring that it has ceased to be an Applicant states that in 1993 it
6 17 CFR 200.30–3(a)(31). investment company. The applicant has voluntarily registered under the Act.
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Document Created: 2016-08-04 02:52:58
Document Modified: 2016-08-04 02:52:58
| 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 51521 |
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