81 FR 74840 - Self-Regulatory Organizations; NYSE Arca, Inc.; Order Instituting Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change Relating to the Listing and Trading of Shares of PowerShares Government Collateral Pledge Portfolio Under NYSE Arca Equities Rule 8.600

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 81, Issue 208 (October 27, 2016)

Page Range		74840-74842
FR Document		2016-25938

Federal Register, Volume 81 Issue 208 (Thursday, October 27, 2016)

[Federal Register Volume 81, Number 208 (Thursday, October 27, 2016)]
[Notices]
[Pages 74840-74842]
From the Federal Register Online [www.thefederalregister.org]
[FR Doc No: 2016-25938]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-79131; File No. SR-NYSEArca-2016-97]

Self-Regulatory Organizations; NYSE Arca, Inc.; Order Instituting
Proceedings To Determine Whether To Approve or Disapprove a Proposed
Rule Change Relating to the Listing and Trading of Shares of
PowerShares Government Collateral Pledge Portfolio Under NYSE Arca
Equities Rule 8.600

October 21, 2016.

I. Introduction

On July 6, 2016, NYSE Arca, Inc. (``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 list and trade
shares (``Shares'') of the PowerShares Government Collateral Pledge
Portfolio (``Fund''). The proposed rule change was published for
comment in the Federal Register on July 26, 2016.\3\ On September 1,
2016, pursuant to Section 19(b)(2) of the Act,\4\ the Commission
designated a longer period within which to approve the proposed rule
change, disapprove the proposed rule change, or institute proceedings
to determine whether to disapprove the proposed rule change.\5\ The
Commission has received no comments on the proposed rule change. This
order institutes proceedings under Section 19(b)(2)(B) of the Act \6\
to determine whether to approve or disapprove the proposed rule change.
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\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ See Securities Exchange Act Release No. 78373 (July 20,
2016), 81 FR 48869 (``Notice'').
\4\ 15 U.S.C. 78s(b)(2).
\5\ See Securities Exchange Act Release No. 78750, 81 FR 62233
(September 8, 2016). The Commission designated October 24, 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.
\6\ 15 U.S.C. 78s(b)(2)(B).
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II. Exchange's Description of the Proposal

The Exchange proposes to list and trade the Shares of the Fund
under NYSE Arca Equities Rule 8.600, which governs the listing and
trading of Managed Fund Shares. The Fund is a series of the PowerShares
Actively Managed Exchange Traded Trust (``Trust'').\7\ Invesco
PowerShares Capital Management LLC is the investment adviser for the
Fund (``Adviser''), and Invesco Advisers, Inc. is the sub-adviser for
the Fund (``Sub-Adviser''). The Bank of New York Mellon (``BNYM'') will
be the administrator, custodian, and transfer agent for the Fund.
Invesco Distributors, Inc. will be the Fund's distributor
(``Distributor''). The Exchange represents that, while neither the
Adviser nor the Sub-Adviser is registered as a broker-dealer, the
Adviser and Sub-Adviser are each affiliated with a broker-dealer. The
Adviser and Sub-Adviser each has implemented and will maintain a fire
wall with respect to its affiliated broker-dealer regarding access to
information concerning the composition of, and changes to, the Fund's
portfolio.\8\ In the event (a) the Adviser or Sub-Adviser becomes
registered as a broker-dealer or newly affiliated with a broker-dealer,
or (b) any new adviser or sub-adviser becomes registered as a broker-
dealer or newly affiliated with a broker-dealer, it will implement a
fire wall with respect to its relevant personnel or such broker-dealer
affiliate regarding access to information concerning the composition
of, and changes to, the portfolio, and

[[Page 74841]]

will be subject to procedures designed to prevent the use and
dissemination of material non-public information regarding such
portfolio.
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\7\ The Exchange represents that the Trust is registered under
the Investment Company Act of 1940 (``1940 Act''). According to the
Exchange, on May 20, 2016, the Trust filed with the Commission an
amendment to its registration statement on Form N-1A under the
Securities Act of 1933 and the 1940 Act relating to the Fund (File
Nos. 333-147622 and 811-22148) (``Registration Statement''). In
addition, the Exchange states that the Trust and the Adviser (as
defined herein) have obtained certain exemptive relief from the
Commission under the 1940 Act. See Investment Company Act Release
No. 28171 (February 27, 2008) (File No. 812-13386) (``Exemptive
Order''). The Exchange represents that the Fund will be offered in
reliance upon the Exemptive Order issued to the Trust and the
Adviser.
\8\ The Exchange further represents that an investment adviser
to an open-end fund is required to be registered under the
Investment Advisers Act of 1940 (``Advisers Act''). As a result, the
Adviser and Sub-Adviser and their related personnel are subject to
the provisions of Rule 204A-1 under the Advisers Act relating to
codes of ethics. This Rule requires investment advisers to adopt a
code of ethics that reflects the fiduciary nature of the
relationship to clients as well as compliance with other applicable
securities laws. Accordingly, procedures designed to prevent the
communication and misuse of non-public information by an investment
adviser must be consistent with Rule 204A-1 under the Advisers Act.
The Exchange represents that the Adviser and its related personnel
are subject to Advisers Act Rule 204A-1. In addition, Rule 206(4)-7
under the Advisers Act makes it unlawful for an investment adviser
to provide investment advice to clients unless such investment
adviser has (i) adopted and implemented written policies and
procedures reasonably designed to prevent violation, by the
investment adviser and its supervised persons, of the Advisers Act
and the Commission rules adopted thereunder; (ii) implemented, at a
minimum, an annual review regarding the adequacy of the policies and
procedures established pursuant to subparagraph (i) above and the
effectiveness of their implementation; and (iii) designated an
individual (who is a supervised person) responsible for
administering the policies and procedures adopted under subparagraph
(i) above.
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The Exchange has made the following representations and statements
in describing the Fund and its investment strategies, including the
Fund's portfolio holdings and investment restrictions.\9\
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\9\ The Commission notes that additional information regarding
the Trust, the Fund, and the Shares, including investment
strategies, risks, net asset value (``NAV'') calculation, creation
and redemption procedures, fees, Fund holdings disclosure policies,
distributions, and taxes, among other information, is included in
the Notice and the Registration Statement, as applicable. See Notice
and Registration Statement, supra notes 3 and 7, respectively.
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A. Exchange's Description of the Fund's Principal Investments

According to the Exchange, the Fund's investment objective will be
to seek to provide as high a level of current income as is consistent
with liquidity and minimum volatility of principal. The Fund will seek
to achieve its investment objective by investing, under normal market
conditions,\10\ at least 80% of its net assets in a portfolio of
registered U.S. government money market mutual funds (``Underlying
Funds'')\11\ and in U.S. dollar-denominated government securities and
other money market securities eligible for investment by U.S.
government money market funds (including indirect investments in those
securities through the Underlying Funds).
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\10\ The term ``under normal market conditions'' includes, but
is not limited to, the absence of extreme volatility or trading
halts in the fixed income securities markets or the financial
markets generally; circumstances under which the Fund's investments
are made for temporary defensive purposes; operational issues (e.g.,
systems failure) causing dissemination of inaccurate market
information; or force majeure type events such as natural or man-
made disaster, act of God, armed conflict, act of terrorism, riot or
labor disruption or any similar intervening circumstance.
\11\ According to the Exchange, each Underlying Fund is a
``government money market fund,'' as that term is defined under Rule
2a-7 of the 1940 Act (``Rule 2a-7''), and seeks to maintain a stable
$1.00 NAV. Each Underlying Fund has an investment objective of
seeking to provide current income consistent with preservation of
capital and liquidity. The securities held by the Underlying Funds
will comply with all requirements of Rule 2a-7 and other Commission
rules applicable to money market funds seeking a stable NAV. Each
Underlying Fund invests at least 99.5% of its total assets in cash,
government securities, and/or repurchase agreements collateralized
by cash or government securities. In addition, each Underlying Fund
invests only in U.S. dollar-denominated securities maturing within
397 days of the date of purchase, with certain exceptions permitted
by applicable regulations, and maintains a dollar-weighted average
portfolio maturity of no more than 60 days, and a dollar-weighted
average portfolio maturity (as determined without exceptions
regarding certain interest rate adjustments under Rule 2a-7) of no
more than 120 days. The Exchange represents that, unlike the
Underlying Funds, the Fund will not be a money market fund, meaning
that the Fund will not seek to maintain a stable NAV of $1.00, nor
will it be subject to other requirements of Rule 2a-7. However, the
Fund will only purchase securities issued by registered government
money market funds, or securities that comply with the quality and
eligibility requirements of Rule 2a-7. The Fund and the Underlying
Funds may invest in variable and floating rate instruments that are
permitted under the requirements of Rule 2a-7, and may transact in
securities on a when-issued, delayed delivery, or forward commitment
basis.
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Under normal market conditions, the Fund intends to invest a
substantial portion of its assets in the following Underlying Funds:
(a) Treasury Portfolio; (b) Government TaxAdvantage Portfolio; (c)
Government & Agency Portfolio; and (d) Premier US Government Money
Portfolio, each of which is advised by an affiliate of the Adviser. The
Sub-Adviser may add, eliminate, or replace any or all Underlying Funds
at any time. Any additions to or replacements of the Underlying Funds
in the Fund's portfolio also will be registered U.S. government money
market funds with investment characteristics that are substantially
similar to those of the Underlying Funds. The Adviser, the Sub-Adviser,
or their affiliates may advise some or all the Underlying Funds. In
constructing the Fund's portfolio, the Sub-Adviser generally will
allocate and re-allocate the Fund's assets among the Underlying Funds
on a monthly basis on an approximate pro rata basis that is based on
the amount of net assets of each Underlying Fund. However, the Sub-
Adviser is not required to invest the Fund's assets in any particular
Underlying Fund or allocate any particular percentage of the Fund's
assets to any particular Underlying Fund.

B. Exchange's Description of the Fund's Other Investments

While the Fund, under normal circumstances, will invest at least
80% of its net assets in the securities and financial instruments
described above, the Fund may invest its remaining assets in other
assets and financial instruments, as described below.
The Fund (and the Underlying Funds) may invest in certain U.S.
government obligations other than those referenced above, namely
Treasury receipts where the principal and interest components are
traded separately under the Separate Trading of Registered Interest and
Principal of Securities (STRIPS) program. The Fund also may invest
directly in repurchase agreements and reverse repurchase agreements.

C. Exchange's Description of the Fund's Investment Restrictions

According to the Exchange, the Fund will be classified as ``non-
diversified.''
The Fund intends to maintain the required level of diversification
and otherwise conduct its operations so as to qualify as a regulated
investment company for purposes of the U.S. Internal Revenue Code of
1986, as amended.
The Fund may invest up to an aggregate amount of 15% of its net
assets in illiquid assets (calculated at the time of investment). The
Fund will monitor its portfolio liquidity on an ongoing basis to
determine whether, in light of current circumstances, an adequate level
of liquidity is being maintained, and will consider taking appropriate
steps in order to maintain adequate liquidity if, through a change in
values, net assets, or other circumstances, more than 15% of the Fund's
net assets are held in illiquid assets. Illiquid assets include
securities subject to contractual or other restrictions on resale and
other instruments that lack readily available markets as determined in
accordance with Commission staff guidance.
The Fund will not invest in futures, options, swaps, or forward
contracts.
The Fund's investments will be consistent with the Fund's
investment objective and will not be used to enhance leverage. That is,
while the Fund will be permitted to borrow as permitted under the 1940
Act, the Fund's investments will not be used to seek performance that
is the multiple or inverse multiple (e.g., 2Xs and 3Xs) of the Fund's
primary broad-based securities benchmark index (as defined in Form N-
1A).

III. Proceedings to Determine Whether to Approve or Disapprove SR-
NYSEArca-2016-97 and Grounds for Disapproval Under Consideration

The Commission is instituting proceedings pursuant to Section
19(b)(2)(B) of the Act \12\ to determine whether the proposed rule
change should be approved or disapproved. Institution of such
proceedings is appropriate at this time in view of the legal and policy
issues raised by the proposed rule change. Institution of proceedings
does not indicate that the Commission has reached any conclusions with
respect to any of the issues involved. Rather, as described below, the
Commission seeks and encourages interested persons to

[[Page 74842]]

provide comments on the proposed rule change.
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\12\ 15 U.S.C. 78s(b)(2)(B).
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Pursuant to Section 19(b)(2)(B) of the Act,\13\ the Commission is
providing notice of the grounds for disapproval under consideration.
The Commission is instituting proceedings to allow for additional
analysis of the proposed rule change's consistency with Section 6(b)(5)
of the Act, which requires, among other things, that the rules of a
national securities exchange be ``designed to prevent fraudulent and
manipulative acts and practices, to promote just and equitable
principles of trade,'' and ``to protect investors and the public
interest.'' \14\
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\13\ Id.
\14\ 15 U.S.C. 78f(b)(5).
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Under the proposal, BNYM will calculate the Fund's NAV at 12:00
p.m., Eastern time, every day the New York Stock Exchange is open. In
addition, to initiate an order for a creation unit, the Distributor or
its agent must receive an irrevocable order from an authorized
participant, in proper form, no later than 12:00 p.m., Eastern time, in
each case on the date such order is placed in order to receive that
day's NAV. Likewise, with respect to redemptions, an authorized
participant must submit an irrevocable request to redeem shares of the
Fund generally before 12:00 p.m., Eastern time on any business day in
order to receive that day's NAV. The Commission notes the proposal does
not provide any explanation for the early NAV calculation time and
creation and redemption cut-off time. The proposal also does not
explain whether the early NAV calculation time and creation and
redemption cut-off time would have any impact on the trading of the
Shares, including any impact on arbitrage. Accordingly, the Commission
seeks commenters' views on the 12:00 p.m. NAV calculation time and
creation and redemption cut-off time, and on whether the Exchange's
statements relating to the NAV calculation and the creation and
redemption process support a determination that the listing and trading
of the Shares would be consistent with Section 6(b)(5) of the Act,
which, among other things, requires that the rules of an exchange be
designed to prevent fraudulent and manipulative acts and practices, to
promote just and equitable principles of trade, and to protect
investors and the public interest.

IV. Procedure: Request for Written Comments

The Commission requests that interested persons provide written
submissions of their views, data, and arguments with respect to the
issues identified above, as well as any other concerns they may have
with the proposal. In particular, the Commission invites the written
views of interested persons concerning whether the proposal is
consistent with Section 6(b)(5) or any other provision of the Act, or
the rules and regulations thereunder. Although there do not appear to
be any issues relevant to approval or disapproval that would be
facilitated by an oral presentation of views, data, and arguments, the
Commission will consider, pursuant to Rule 19b-4, any request for an
opportunity to make an oral presentation.\15\
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\15\ Section 19(b)(2) of the Act, as amended by the Securities
Acts Amendments of 1975, Public Law 94-29 (June 4, 1975), grants the
Commission flexibility to determine what type of proceeding--either
oral or notice and opportunity for written comments--is appropriate
for consideration of a particular proposal by a self-regulatory
organization. See Securities Acts Amendments of 1975, Senate Comm.
on Banking, Housing & Urban Affairs, S. Rep. No. 75, 94th Cong., 1st
Sess. 30 (1975).
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Interested persons are invited to submit written data, views, and
arguments regarding whether the proposal should be approved or
disapproved by November 17, 2016. Any person who wishes to file a
rebuttal to any other person's submission must file that rebuttal by
December 1, 2016. The Commission asks that commenters address the
sufficiency of the Exchange's statements in support of the proposal,
which are set forth in the Notice,\16\ in addition to any other
comments they may wish to submit about the proposed rule change.
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\16\ See supra note 3.
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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 rule-comments@sec.gov. Please include
File Number SR-NYSEArca-2016-97 on the subject line.

Paper Comments

Send paper comments in triplicate to Secretary, Securities
and Exchange Commission, 100 F Street NE., Washington, DC 20549-1090.

All submissions should refer to File Number SR-NYSEArca-2016-97. 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 Room, 100 F Street NE.,
Washington, DC 20549, on official business days between the hours of
10:00 a.m. and 3:00 p.m. Copies of the filing also will be available
for inspection and copying at the principal office of the Exchange. 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-NYSEArca-2016-97 and should
be submitted on or before November 17, 2016. Rebuttal comments should
be submitted by December 1, 2016.

For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\17\
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\17\ 17 CFR 200.30-3(a)(57).
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Brent J. Fields,
Secretary.
[FR Doc. 2016-25938 Filed 10-26-16; 8:45 am]
BILLING CODE 8011-01-P

74840 Federal Register / Vol. 81, No. 208 / Thursday, October 27, 2016 / Notices

Paper Comments SECURITIES AND EXCHANGE Management LLC is the investment
COMMISSION adviser for the Fund (‘‘Adviser’’), and
• Send paper comments in triplicate Invesco Advisers, Inc. is the sub-adviser
to Secretary, Securities and Exchange [Release No. 34–79131; File No. SR– for the Fund (‘‘Sub-Adviser’’). The Bank
Commission, 100 F Street NE., NYSEArca-2016–97]
of New York Mellon (‘‘BNYM’’) will be
Washington, DC 20549–1090. the administrator, custodian, and
Self-Regulatory Organizations; NYSE
All submissions should refer to File Arca, Inc.; Order Instituting transfer agent for the Fund. Invesco
Proceedings To Determine Whether To Distributors, Inc. will be the Fund’s
Number SR–CBOE–2016–071. This file
Approve or Disapprove a Proposed distributor (‘‘Distributor’’). The
number should be included on the
Rule Change Relating to the Listing Exchange represents that, while neither
subject line if email is used. To help the the Adviser nor the Sub-Adviser is
Commission process and review your and Trading of Shares of PowerShares
Government Collateral Pledge Portfolio registered as a broker-dealer, the
comments more efficiently, please use Adviser and Sub-Adviser are each
only one method. The Commission will Under NYSE Arca Equities Rule 8.600
affiliated with a broker-dealer. The
post all comments on the Commission’s October 21, 2016. Adviser and Sub-Adviser each has
Internet Web site (http://www.sec.gov/ implemented and will maintain a fire
rules/sro.shtml). Copies of the I. Introduction wall with respect to its affiliated broker-
submission, all subsequent On July 6, 2016, NYSE Arca, Inc. dealer regarding access to information
amendments, all written statements (‘‘Exchange’’) filed with the Securities concerning the composition of, and
with respect to the proposed rule and Exchange Commission changes to, the Fund’s portfolio.8 In the
change that are filed with the (‘‘Commission’’), pursuant to Section event (a) the Adviser or Sub-Adviser
Commission, and all written 19(b)(1) of the Securities Exchange Act becomes registered as a broker-dealer or
communications relating to the of 1934 (‘‘Act’’)1 and Rule 19b–4 newly affiliated with a broker-dealer, or
proposed rule change between the thereunder,2 a proposed rule change to (b) any new adviser or sub-adviser
Commission and any person, other than list and trade shares (‘‘Shares’’) of the becomes registered as a broker-dealer or
those that may be withheld from the PowerShares Government Collateral newly affiliated with a broker-dealer, it
public in accordance with the Pledge Portfolio (‘‘Fund’’). The will implement a fire wall with respect
provisions of 5 U.S.C. 552, will be proposed rule change was published for to its relevant personnel or such broker-
comment in the Federal Register on July dealer affiliate regarding access to
available for Web site viewing and
26, 2016.3 On September 1, 2016, information concerning the composition
printing in the Commission’s Public
pursuant to Section 19(b)(2) of the Act,4 of, and changes to, the portfolio, and
Reference Room, 100 F Street NE.,
the Commission designated a longer
Washington, DC 20549, on official an amendment to its registration statement on Form
period within which to approve the
business days between the hours of proposed rule change, disapprove the N–1A under the Securities Act of 1933 and the 1940
10:00 a.m. and 3:00 p.m. Copies of the Act relating to the Fund (File Nos. 333–147622 and
proposed rule change, or institute 811–22148) (‘‘Registration Statement’’). In addition,
filing also will be available for proceedings to determine whether to the Exchange states that the Trust and the Adviser
inspection and copying at the principal disapprove the proposed rule change.5 (as defined herein) have obtained certain exemptive
office of the Exchange. All comments relief from the Commission under the 1940 Act. See
The Commission has received no Investment Company Act Release No. 28171
received will be posted without change; comments on the proposed rule change. (February 27, 2008) (File No. 812–13386)
the Commission does not edit personal This order institutes proceedings under (‘‘Exemptive Order’’). The Exchange represents that
identifying information from the Fund will be offered in reliance upon the
Section 19(b)(2)(B) of the Act 6 to Exemptive Order issued to the Trust and the
submissions. You should submit only determine whether to approve or Adviser.
information that you wish to make disapprove the proposed rule change. 8 The Exchange further represents that an

available publicly. All submissions investment adviser to an open-end fund is required
II. Exchange’s Description of the to be registered under the Investment Advisers Act
should refer to File Number SR–CBOE–
Proposal of 1940 (‘‘Advisers Act’’). As a result, the Adviser
2016–071, and should be submitted on and Sub-Adviser and their related personnel are
or before November 17, 2016. The Exchange proposes to list and subject to the provisions of Rule 204A–1 under the
trade the Shares of the Fund under Advisers Act relating to codes of ethics. This Rule
For the Commission, by the Division of requires investment advisers to adopt a code of
NYSE Arca Equities Rule 8.600, which
Trading and Markets, pursuant to delegated ethics that reflects the fiduciary nature of the
governs the listing and trading of relationship to clients as well as compliance with
authority.44
Managed Fund Shares. The Fund is a other applicable securities laws. Accordingly,
Brent J. Fields, series of the PowerShares Actively procedures designed to prevent the communication
Secretary. Managed Exchange Traded Trust and misuse of non-public information by an
investment adviser must be consistent with Rule
[FR Doc. 2016–25940 Filed 10–26–16; 8:45 am] (‘‘Trust’’).7 Invesco PowerShares Capital 204A–1 under the Advisers Act. The Exchange
BILLING CODE 8011–01–P represents that the Adviser and its related
1 15 U.S.C. 78s(b)(1). personnel are subject to Advisers Act Rule 204A–
2 17 CFR 240.19b–4. 1. In addition, Rule 206(4)–7 under the Advisers
3 See Securities Exchange Act Release No. 78373 Act makes it unlawful for an investment adviser to
(July 20, 2016), 81 FR 48869 (‘‘Notice’’). provide investment advice to clients unless such
4 15 U.S.C. 78s(b)(2). investment adviser has (i) adopted and
5 See Securities Exchange Act Release No. 78750,
implemented written policies and procedures
reasonably designed to prevent violation, by the
81 FR 62233 (September 8, 2016). The Commission
sradovich on DSK3GMQ082PROD with NOTICES

investment adviser and its supervised persons, of
designated October 24, 2016 as the date by which the Advisers Act and the Commission rules adopted
the Commission shall either approve or disapprove, thereunder; (ii) implemented, at a minimum, an
or institute proceedings to determine whether to annual review regarding the adequacy of the
disapprove, the proposed rule change. policies and procedures established pursuant to
6 15 U.S.C. 78s(b)(2)(B).
subparagraph (i) above and the effectiveness of their
7 The Exchange represents that the Trust is implementation; and (iii) designated an individual
registered under the Investment Company Act of (who is a supervised person) responsible for
1940 (‘‘1940 Act’’). According to the Exchange, on administering the policies and procedures adopted
44 17 CFR 200.30–3(a)(12). May 20, 2016, the Trust filed with the Commission under subparagraph (i) above.

VerDate Sep<11>2014 17:43 Oct 26, 2016 Jkt 241001 PO 00000 Frm 00079 Fmt 4703 Sfmt 4703 E:\FR\FM\27OCN1.SGM 27OCN1

Document Created: 2016-10-27 01:52:47
Document Modified: 2016-10-27 01:52:47

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 74840