81_FR_69752 81 FR 69558 - Notice of Applications for Deregistration Under Section 8(f) of the Investment Company Act of 1940

81 FR 69558 - Notice of Applications for Deregistration Under Section 8(f) of the Investment Company Act of 1940

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 81, Issue 194 (October 6, 2016)

Page Range69558-69560
FR Document2016-24150

Applicant, a closed-end investment company and a feeder fund in a master/feeder structure, seeks an order declaring that it has ceased to be an investment company. On May 31, 2016, applicant made a liquidating distribution to its shareholders, based on net asset value. Expenses of approximately $37,218 incurred in connection with the liquidation were paid by applicant. Filing Date: The application was filed on August 17, 2016. Applicant's Address: 1200 Prospect Street, Suite 400, La Jolla, CA 92037.

Federal Register, Volume 81 Issue 194 (Thursday, October 6, 2016) 
[Federal Register Volume 81, Number 194 (Thursday, October 6, 2016)]
[Notices]
[Pages 69558-69560]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-24150]


-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[Release No. IC-32299]


Notice of Applications for Deregistration Under Section 8(f) of 
the Investment Company Act of 1940

September 30, 2016.
    The following is a notice of applications for deregistration under 
section 8(f) of the Investment Company Act of 1940 for the month of 
September 2016. A copy of each application may be obtained via the 
Commission's Web site by searching for the file number, or for an 
applicant using the Company name box, at http://www.sec.gov/search/search.htm or by calling (202) 551-8090. An order granting each 
application will be issued unless the SEC orders a hearing. Interested 
persons may request a hearing on any application by writing to the 
SEC's Secretary at the address below and serving the relevant applicant 
with a copy of the request, personally or by mail. Hearing requests 
should be

[[Page 69559]]

received by the SEC by 5:30 p.m. on October 25, 2016, and should be 
accompanied by proof of service on applicants, in the form of an 
affidavit or, for lawyers, a certificate of service. Pursuant to Rule 
0-5 under the Act, hearing requests should state the nature of the 
writer's interest, any facts bearing upon the desirability of a hearing 
on the matter, the reason for the request, and the issues contested. 
Persons who wish to be notified of a hearing may request notification 
by writing to the Commission's Secretary.

ADDRESSES: The Commission: Secretary, U.S. Securities and Exchange 
Commission, 100 F Street NE., Washington, DC 20549-1090.

FOR FURTHER INFORMATION CONTACT: Hae-Sung Lee, Attorney-Adviser, at 
(202) 551-7345 or Chief Counsel's Office at (202) 551-6821; SEC, 
Division of Investment Management, Chief Counsel's Office, 100 F Street 
NE., Washington, DC 20549-8010.

Altegris KKR Commitments Fund [File No. 811-22964]

    Summary: Applicant, a closed-end investment company and a feeder 
fund in a master/feeder structure, seeks an order declaring that it has 
ceased to be an investment company. On May 31, 2016, applicant made a 
liquidating distribution to its shareholders, based on net asset value. 
Expenses of approximately $37,218 incurred in connection with the 
liquidation were paid by applicant.
    Filing Date: The application was filed on August 17, 2016.
    Applicant's Address: 1200 Prospect Street, Suite 400, La Jolla, CA 
92037.

Morgan Stanley Limited Duration U.S. Government Trust [File No. 811-
06330]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. Applicant has transferred its assets to Short 
Duration Income Portfolio, a series of Morgan Stanley Institutional 
Fund Trust, and on January 11, 2016, made a final distribution to its 
shareholders based on net asset value. Expenses of $132,277 incurred in 
connection with the reorganization were paid by applicant.
    Filing Date: The application was filed on August 22, 2016.
    Applicant's Address: c/o Morgan Stanley Investment Management Inc., 
522 Fifth Avenue, New York, New York 10036.

DoubleLine Equity Funds [File No. 811-22790]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On March 30, 2016, applicant made a 
liquidating distribution to its shareholders, based on net asset value. 
Expenses of approximately $10,000 incurred in connection with the 
liquidation were paid by applicant's investment adviser.
    Filing Date: The application was filed on August 26, 2016.
    Applicant's Address: 333 South Grand Avenue, Suite 1800, Los 
Angeles, CA 90071.

Whitebox Mutual Funds [File No. 811-22574]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On January 19, 2016, applicant made a 
liquidating distribution to its shareholders, based on net asset value. 
Expenses of approximately $140,000 incurred in connection with the 
liquidation were paid by applicant's investment adviser.
    Filing Date: The application was filed on August 26, 2016.
    Applicant's Address: 3033 Excelsior Boulevard, Suite 300, 
Minneapolis, MN 55416.

Dreyfus/Laurel Tax-Free Municipal Funds [File No. 811-03700]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On October 28, 2015, applicant made a 
liquidating distribution to its shareholders, based on net asset value. 
Applicant incurred no expenses in connection with the liquidation.
    Filing Dates: The application was filed on August 8, 2016, and 
amended on August 31, 2016.
    Applicant's Address: c/o The Dreyfus Corporation, 200 Park Avenue, 
New York, NY 10166.

A&Q Event Fund LLC [File No. 811-10479]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. On February 
5, 2016 and May 6, 2016, applicant made liquidating distributions to 
its shareholders, based on net asset value. Expenses of $11,000 
incurred in connection with the liquidation were paid by applicant.
    Filing Date: The application was filed on September 2, 2016.
    Applicant's Address: c/o UBS Hedge Fund Solutions LLC, 600 
Washington Boulevard, Stamford, Connecticut 06901.

A&Q Aggregated Alpha Strategies Fund LLC [File No. 811-21516]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. On February 
5, 2016 and May 5, 2016, applicant made liquidating distributions to 
its shareholders, based on net asset value. Expenses of $11,000 
incurred in connection with the liquidation were paid by applicant.
    Filing Date: The application was filed on September 2, 2016.
    Applicant's Address: c/o UBS Hedge Fund Solutions LLC, 600 
Washington Boulevard, Stamford, Connecticut 06901.

A&Q Equity Opportunity Fund LLC [File No. 811-10527]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. Applicant has 
transferred its assets to A&Q Masters Fund and, on January 1, 2016, 
made a final distribution to its shareholders based on net asset value. 
Expenses of approximately $263,083 incurred in connection with the 
reorganization were paid by applicant's investment adviser.
    Filing Date: The application was filed on September 2, 2016.
    Applicant's Address: c/o UBS Hedge Fund Solutions LLC, 600 
Washington Boulevard, Stamford, Connecticut 06901.

Purisima Funds [File No. 811-07737]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On June 30, 2016, applicant made a 
liquidating distribution to its shareholders, based on net asset value. 
Expenses of approximately $20,000 incurred in connection with the 
liquidation were paid by applicant.
    Filing Date: The application was filed on September 7, 2016.
    Applicant's Address: 5525 NW Fisher Creek Drive, Camas, WA 98607.

BlackRock Municipal Bond Investment Trust [File No. 811-21054]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. Applicant 
transferred its assets to BlackRock Municipal Income Investment Trust, 
and on June 1, 2016, final distributions were paid to applicant's 
shareholders based on net asset value. Expenses of approximately 
$261,735 incurred in connection with the reorganization were paid by 
applicant and applicant's investment adviser.
    Filing Date: The application was filed on September 8, 2016.
    Applicant's Address: 100 Bellevue Parkway, Wilmington, Delaware 
19809.

[[Page 69560]]

Redmond Reinsurance Investment Interval Fund [File No. 811-23041]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. Applicant has 
never made a public offering of its securities and does not propose to 
make a public offering or engage in business of any kind.
    Filing Date: The application was filed on September 15, 2016.
    Applicant's Address: 101 East Lancaster Avenue, Suite 201, Wayne, 
PA 19087.

    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.
Brent J. Fields,
Secretary.
[FR Doc. 2016-24150 Filed 10-5-16; 8:45 am]
 BILLING CODE 8011-01-P

69558 Federal Register / Vol. 81, No. 194 / Thursday, October 6, 2016 / Notices proposal, the proposed debit process with an NSCC account. Direct debit is amendments, all written statements would apply uniformly to all Members. an options industry standard. According with respect to the proposed rule Further, this proposal would provide to the Exchange, all members should be change that are filed with the a cost savings to the Exchange in that it able to provide ISE Gemini with an Commission, and all written would alleviate administrative NSCC account prior to the date of the communications relating to the processes related to the collection of November 23, 2016 debit. Further, the proposed rule change between the monies owed to the Exchange. Exchange believes that this process will Commission and any person, other than Collection matters divert staff resources alleviate administrative processes those that may be withheld from the away from the Exchange’s regulatory related to the collection of monies owed public in accordance with the and business purposes. In addition, the to the Exchange. For these reasons, the provisions of 5 U.S.C. 552, will be debiting process would prevent Member Commission believes that waiver of the available for Web site viewing and accounts from becoming overdue. 30-day operative delay is consistent printing in the Commission’s Public C. Self-Regulatory Organization’s with the protection of investors and the Reference Room, 100 F Street NE., Statement on Comments on the public interest. Therefore, the Washington, DC 20549, on official Proposed Rule Change Received From Commission designates the proposed business days between the hours of Members, Participants, or Others rule change to be operative upon 10:00 a.m. and 3:00 p.m. Copies of the filing.18 filing also will be available for No written comments were either At any time within 60 days of the inspection and copying at the principal solicited or received. filing of the proposed rule change, the office of the Exchange. All comments III. Date of Effectiveness of the Commission summarily may received will be posted without change; Proposed Rule Change and Timing for temporarily suspend such rule change if the Commission does not edit personal Commission Action it appears to the Commission that such identifying information from action is necessary or appropriate in the submissions. You should submit only Because the foregoing proposed rule public interest, for the protection of change does not: (i) Significantly affect information that you wish to make investors, or otherwise in furtherance of available publicly. All submissions the protection of investors or the public the purposes of the Act. If the interest; (ii) impose any significant should refer to File Number SR– Commission takes such action, the ISEGemini–2016–12 and should be burden on competition; and (iii) become Commission shall institute proceedings operative for 30 days from the date on submitted on or before October 27, to determine whether the proposed rule 2016. which it was filed, or such shorter time should be approved or disapproved. as the Commission may designate, it has For the Commission, by the Division of become effective pursuant to Section IV. Solicitation of Comments Trading and Markets, pursuant to delegated 19(b)(3)(A)(iii) of the Act 14 and Interested persons are invited to authority.19 subparagraph (f)(6) of Rule 19b–4 submit written data, views, and Robert W. Errett, thereunder.15 arguments concerning the foregoing, Deputy Secretary. A proposed rule change filed under including whether the proposed rule [FR Doc. 2016–24148 Filed 10–5–16; 8:45 am] Rule 19b–4(f)(6) normally does not change is consistent with the Act. BILLING CODE 8011–01–P become operative prior to 30 days after Comments may be submitted by any of the date of filing. However, Rule 19b– the following methods: 4(f)(6)(iii) 16 permits the Commission to SECURITIES AND EXCHANGE designate a shorter time if such action Electronic Comments COMMISSION is consistent with the protection of • Use the Commission’s Internet investors and the public interest. In its [Release No. IC–32299] comment form (http://www.sec.gov/ filing with the Commission, the rules/sro.shtml); or Notice of Applications for Exchange requests that the Commission • Send an email to rule-comments@ Deregistration Under Section 8(f) of the waive the 30-day operative delay. The sec.gov. Please include File Number SR– Investment Company Act of 1940 Exchange proposes that the proposed ISEGemini–2016–12 on the subject line. rule change become operative on September 30, 2016. October 1, 2016. On November 23, 2016, Paper Comments The following is a notice of the Exchange would debit October 2016 • Send paper comments in triplicate applications for deregistration under billing pursuant to the process set forth to Secretary, Securities and Exchange section 8(f) of the Investment Company in the proposed rule change. The Commission, 100 F Street NE., Act of 1940 for the month of September Exchange represents that waiver of the Washington, DC 20549–1090. 2016. A copy of each application may be 30-day operative delay would allow it to All submissions should refer to File obtained via the Commission’s Web site conform its billing processes similar to Number SR–ISEGemini–2016–12. This by searching for the file number, or for the process in place at the various file number should be included on the an applicant using the Company name Nasdaq exchanges.17 The Exchange subject line if email is used. To help the box, at http://www.sec.gov/search/ notes that all ISE Gemini Members have Commission process and review your search.htm or by calling (202) 551– an NSCC account or have a clearing firm comments more efficiently, please use 8090. An order granting each only one method. The Commission will application will be issued unless the 14 15 U.S.C. 78s(b)(3)(A)(iii). post all comments on the Commission’s SEC orders a hearing. Interested persons 15 17 CFR 240.19b–4(f)(6). In addition, Rule 19b– Internet Web site (http://www.sec.gov/ sradovich on DSK3GMQ082PROD with NOTICES 4(f)(6) requires a self-regulatory organization to give may request a hearing on any the Commission written notice of its intent to file rules/sro.shtml). Copies of the application by writing to the SEC’s the proposed rule change at least five business days submission, all subsequent Secretary at the address below and prior to the date of filing of the proposed rule serving the relevant applicant with a change, or such shorter time as designated by the 18 For purposes only of waiving the 30-day Commission. The Exchange has satisfied this copy of the request, personally or by operative delay, the Commission also has requirement. considered the proposed rule’s impact on mail. Hearing requests should be 16 17 CFR 240.19b–4(f)(6)(iii). efficiency, competition, and capital formation. See 17 See supra note 13. 15 U.S.C. 78c(f). 19 17 CFR 200.30–3(a)(12). VerDate Sep<11>2014 18:46 Oct 05, 2016 Jkt 241001 PO 00000 Frm 00050 Fmt 4703 Sfmt 4703 E:\FR\FM\06OCN1.SGM 06OCN1

Federal Register / Vol. 81, No. 194 / Thursday, October 6, 2016 / Notices 69559 received by the SEC by 5:30 p.m. on 2016, applicant made a liquidating declaring that it has ceased to be an October 25, 2016, and should be distribution to its shareholders, based investment company. On February 5, accompanied by proof of service on on net asset value. Expenses of 2016 and May 5, 2016, applicant made applicants, in the form of an affidavit or, approximately $10,000 incurred in liquidating distributions to its for lawyers, a certificate of service. connection with the liquidation were shareholders, based on net asset value. Pursuant to Rule 0–5 under the Act, paid by applicant’s investment adviser. Expenses of $11,000 incurred in hearing requests should state the nature Filing Date: The application was filed connection with the liquidation were of the writer’s interest, any facts bearing on August 26, 2016. paid by applicant. upon the desirability of a hearing on the Applicant’s Address: 333 South Filing Date: The application was filed matter, the reason for the request, and Grand Avenue, Suite 1800, Los Angeles, on September 2, 2016. the issues contested. Persons who wish CA 90071. Applicant’s Address: c/o UBS Hedge to be notified of a hearing may request Fund Solutions LLC, 600 Washington Whitebox Mutual Funds [File No. 811– notification by writing to the Boulevard, Stamford, Connecticut 22574] Commission’s Secretary. 06901. ADDRESSES: The Commission: Secretary, Summary: Applicant seeks an order declaring that it has ceased to be an A&Q Equity Opportunity Fund LLC U.S. Securities and Exchange [File No. 811–10527] Commission, 100 F Street NE., investment company. On January 19, Washington, DC 20549–1090. 2016, applicant made a liquidating Summary: Applicant, a closed-end FOR FURTHER INFORMATION CONTACT: Hae- distribution to its shareholders, based investment company, seeks an order Sung Lee, Attorney-Adviser, at (202) on net asset value. Expenses of declaring that it has ceased to be an 551–7345 or Chief Counsel’s Office at approximately $140,000 incurred in investment company. Applicant has (202) 551–6821; SEC, Division of connection with the liquidation were transferred its assets to A&Q Masters Investment Management, Chief paid by applicant’s investment adviser. Fund and, on January 1, 2016, made a Counsel’s Office, 100 F Street NE., Filing Date: The application was filed final distribution to its shareholders Washington, DC 20549–8010. on August 26, 2016. based on net asset value. Expenses of Applicant’s Address: 3033 Excelsior approximately $263,083 incurred in Altegris KKR Commitments Fund [File Boulevard, Suite 300, Minneapolis, MN connection with the reorganization were No. 811–22964] 55416. paid by applicant’s investment adviser. Summary: Applicant, a closed-end Filing Date: The application was filed Dreyfus/Laurel Tax-Free Municipal investment company and a feeder fund on September 2, 2016. Funds [File No. 811–03700] Applicant’s Address: c/o UBS Hedge in a master/feeder structure, seeks an order declaring that it has ceased to be Summary: Applicant seeks an order Fund Solutions LLC, 600 Washington an investment company. On May 31, declaring that it has ceased to be an Boulevard, Stamford, Connecticut 2016, applicant made a liquidating investment company. On October 28, 06901. distribution to its shareholders, based 2015, applicant made a liquidating distribution to its shareholders, based Purisima Funds [File No. 811–07737] on net asset value. Expenses of approximately $37,218 incurred in on net asset value. Applicant incurred Summary: Applicant seeks an order connection with the liquidation were no expenses in connection with the declaring that it has ceased to be an paid by applicant. liquidation. investment company. On June 30, 2016, Filing Date: The application was filed Filing Dates: The application was applicant made a liquidating on August 17, 2016. filed on August 8, 2016, and amended distribution to its shareholders, based Applicant’s Address: 1200 Prospect on August 31, 2016. on net asset value. Expenses of Street, Suite 400, La Jolla, CA 92037. Applicant’s Address: c/o The Dreyfus approximately $20,000 incurred in Corporation, 200 Park Avenue, New connection with the liquidation were Morgan Stanley Limited Duration U.S. York, NY 10166. paid by applicant. Government Trust [File No. 811–06330] Filing Date: The application was filed A&Q Event Fund LLC [File No. 811– on September 7, 2016. Summary: Applicant seeks an order 10479] Applicant’s Address: 5525 NW Fisher declaring that it has ceased to be an investment company. Applicant has Summary: Applicant, a closed-end Creek Drive, Camas, WA 98607. transferred its assets to Short Duration investment company, seeks an order BlackRock Municipal Bond Investment Income Portfolio, a series of Morgan declaring that it has ceased to be an Trust [File No. 811–21054] Stanley Institutional Fund Trust, and on investment company. On February 5, January 11, 2016, made a final 2016 and May 6, 2016, applicant made Summary: Applicant, a closed-end distribution to its shareholders based on liquidating distributions to its investment company, seeks an order net asset value. Expenses of $132,277 shareholders, based on net asset value. declaring that it has ceased to be an incurred in connection with the Expenses of $11,000 incurred in investment company. Applicant reorganization were paid by applicant. connection with the liquidation were transferred its assets to BlackRock Filing Date: The application was filed paid by applicant. Municipal Income Investment Trust, on August 22, 2016. Filing Date: The application was filed and on June 1, 2016, final distributions Applicant’s Address: c/o Morgan on September 2, 2016. were paid to applicant’s shareholders Stanley Investment Management Inc., Applicant’s Address: c/o UBS Hedge based on net asset value. Expenses of sradovich on DSK3GMQ082PROD with NOTICES 522 Fifth Avenue, New York, New York Fund Solutions LLC, 600 Washington approximately $261,735 incurred in 10036. Boulevard, Stamford, Connecticut connection with the reorganization were 06901. paid by applicant and applicant’s DoubleLine Equity Funds [File No. 811– investment adviser. 22790] A&Q Aggregated Alpha Strategies Fund Filing Date: The application was filed Summary: Applicant seeks an order LLC [File No. 811–21516] on September 8, 2016. declaring that it has ceased to be an Summary: Applicant, a closed-end Applicant’s Address: 100 Bellevue investment company. On March 30, investment company, seeks an order Parkway, Wilmington, Delaware 19809. VerDate Sep<11>2014 18:46 Oct 05, 2016 Jkt 241001 PO 00000 Frm 00051 Fmt 4703 Sfmt 4703 E:\FR\FM\06OCN1.SGM 06OCN1

69560 Federal Register / Vol. 81, No. 194 / Thursday, October 6, 2016 / Notices Redmond Reinsurance Investment The text of the proposed rule change approximately the 4th–6th business day Interval Fund [File No. 811–23041] is available on the Exchange’s Web site of the following month.7 The Exchange Summary: Applicant, a closed-end at www.ise.com, at the principal office will also send a file to NSCC each investment company, seeks an order of the Exchange, and at the month on approximately the 23rd of the declaring that it has ceased to be an Commission’s Public Reference Room. following month to initiate the debit of investment company. Applicant has the appropriate amount stated on the II. Self-Regulatory Organization’s Member’s invoice for the prior month. never made a public offering of its Statement of the Purpose of, and securities and does not propose to make Because the Members will receive an Statutory Basis for, the Proposed Rule invoice well before any monies are a public offering or engage in business Change of any kind. debited (normally within two weeks), Filing Date: The application was filed In its filing with the Commission, the the Members will have adequate time to on September 15, 2016. Exchange included statements contact the staff with any questions Applicant’s Address: 101 East concerning the purpose of and basis for concerning their invoice. If a Member Lancaster Avenue, Suite 201, Wayne, the proposed rule change and discussed disputes an invoice, the Exchange will PA 19087. any comments it received on the not include the disputed amount in the proposed rule change. The text of these debit if the Member has disputed the For the Commission, by the Division of Investment Management, pursuant to statements may be examined at the amount in writing to the Exchange’s delegated authority. places specified in Item IV below. The designated staff by the 15th of the Brent J. Fields, Exchange has prepared summaries, set month, or the following business day if Secretary. forth in sections A, B, and C below, of the 15th is not a business day, and the the most significant aspects of such amount in dispute is at least $10,000 or [FR Doc. 2016–24150 Filed 10–5–16; 8:45 am] statements. greater. BILLING CODE 8011–01–P Once NSCC receives the file from the A. Self-Regulatory Organization’s Exchange, NSCC would proceed to debit Statement of the Purpose of, and the amounts indicated from the Clearing SECURITIES AND EXCHANGE Statutory Basis for, the Proposed Rule Members’ account. In the instance COMMISSION Change where the Member clears through an [Release No. 34–79014; File No. SR–ISE– 1. Purpose Exchange Clearing Member, the 2016–24] estimated transactions fees owed to the The purpose of the proposed rule Exchange are reconciled daily by the Self-Regulatory Organizations; change is to collect undisputed or final Clearing Member to ensure adequate International Securities Exchange, fees, fines, charges and/or other funds have been escrowed. The LLC; Notice of Filing and Immediate monetary sanctions or monies due and Exchange would debit any monies owed Effectiveness of Proposed Rule owing to the Exchange through NSCC.3 including undisputed or final fees,8 Change To Adopt a New Rule 213 This proposal will provide a cost fines, charges and/or other monetary savings to the Exchange in that it will sanctions or monies due and owing to September 30, 2016. alleviate administrative processes Pursuant to Section 19(b)(1) of the the Exchange.9 related to the collection of monies owed The Exchange proposes this rule Securities Exchange Act of 1934 to the Exchange.4 Collection matters (‘‘Act’’),1 and Rule 19b–4 thereunder,2 change become operative on October 1, divert staff resources away from the 2016. On November 23, 2016, the notice is hereby given that on Exchange’s regulatory and business September 28, 2016, the International Exchange will debit October 2016 purposes. In addition, the debiting billing pursuant to the process Securities Exchange, LLC (‘‘ISE’’ or process will prevent Member accounts ‘‘Exchange’’) filed with the Securities described in this rule change.10 The from becoming overdue. The Exchange and Exchange Commission notes that it has a billing dispute policy. designated NSCC account. Each month, the (‘‘Commission’’) the proposed rule The Exchange proposes to adopt new Exchange will send a file to the Member’s clearing change as described in Items I and II Rule 213 and require Members, and all firm which will indicate the amounts to be debited below, which Items have been prepared applicants for registration as such to from each Member. If a Member is ‘‘self-clearing,’’ by the Exchange. The Commission is no such file would be sent as the Member would provide a clearing account number for receive the invoice, as noted above, which would publishing this notice to solicit an account at NSCC for purposes of indicate the amount to be debited. comments on the proposed rule change 7 By way of example, October invoices would be permitting the Exchange to debit any from interested persons. sent on November 7th. undisputed or final fees, fines, charges 8 Exchange fees are noted on the Exchange Fee I. Self-Regulatory Organization’s and/or other monetary sanctions or Schedule. Statement of the Terms of Substance of monies due and owing to the Exchange 9 This includes, among other things, fines which the Proposed Rule Change or other charges related to Rules 205, result from the imposition of fines pursuant to Rules 1611, Judgment and Sanction; and 1614, The Exchange proposes to adopt a 206, 207, 208, 209, and 210.5 Imposition of Fines for Minor Rules Violations. new Rule 213 entitled, ‘‘Collection of The Exchange will send a monthly With respect to disciplinary sanctions that are Exchange Fees and Other Claims’’ to invoice 6 to each Member on imposed by either the Business Conduct Committee or a Hearing Panel, the Exchange would not debit require Members to provide a clearing 3 The Exchange will not debit accounts for fees any monies until such action is final. The Exchange account number at the National that are unusually large or for special would not consider an action final until all appeal Securities Clearing Corporation periods have run and/or all appeal timeframes are circumstances, unless such debiting is requested by exhausted. With respect to non-disciplinary actions, sradovich on DSK3GMQ082PROD with NOTICES (‘‘NSCC’’) for purposes of permitting the the Member. the Exchange would similarly not take action to Exchange to debit any undisputed or 4 Today, some fees are collected through The debit a Member account until all appeal periods final fees, fines, charges and/or other Options Clearing Corporation, but not all fees. have run and/or all appeal timeframes are 5 See ISE Rules 205 (Access Fees), 206 monetary sanctions or monies due and exhausted. Any uncontested disciplinary or non- (Transaction Fees), 207 (Communication Fees), 208 disciplinary actions will be debited, and the owing to the Exchange. (Regulatory Fees or Charges), 209 (Transfer Fees) amount due will appear on the Member’s invoice and 210 (Liability for Payment of Fees). prior to the actual NSCC debit. 1 15 U.S.C. 78s(b)(1). 6 The monthly invoice will indicate that the 10 The initial debit will include all outstanding 2 17 CFR 240.19b–4. amount on the invoice will be debited from the fees through October 1, 2016. VerDate Sep<11>2014 18:46 Oct 05, 2016 Jkt 241001 PO 00000 Frm 00052 Fmt 4703 Sfmt 4703 E:\FR\FM\06OCN1.SGM 06OCN1


Document Created: 2016-10-06 02:38:08
Document Modified: 2016-10-06 02:38:08
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
DatesThe application was filed on August 17, 2016.
ContactHae-Sung Lee, Attorney-Adviser, at (202) 551-7345 or Chief Counsel's Office at (202) 551-6821; SEC, Division of Investment Management, Chief Counsel's Office, 100 F Street NE., Washington, DC 20549-8010.
FR Citation81 FR 69558 
2025 Federal Register | Disclaimer | Privacy Policy
USC | CFR | eCFR