81 FR 74847 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending Rule 497
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 81, Issue 208 (October 27, 2016)
Federal Register Volume 81, Issue 208 (October 27, 2016)
| Page Range | 74847-74849 | |
| FR Document | 2016-25937 |
[Federal Register Volume 81, Number 208 (Thursday, October 27, 2016)] [Notices] [Pages 74847-74849] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-25937] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-79130; File No. SR-NYSE-2016-67] Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending Rule 497 October 21, 2016. Pursuant to Section 19(b)(1) \1\ of the Securities Exchange Act of 1934 (the ``Act'') \2\ and Rule 19b-4 thereunder,\3\ notice is hereby given that on October 13, 2016, New York Stock Exchange LLC (``NYSE'' or the ``Exchange'') filed with the Securities and Exchange Commission (the ``Commission'') the proposed rule change as described in Items I and II below, which Items have been prepared by the self-regulatory organization. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. --------------------------------------------------------------------------- \1\ 15 U.S.C.78s(b)(1). \2\ 15 U.S.C. 78a. \3\ 17 CFR 240.19b-4. --------------------------------------------------------------------------- I. Self-Regulatory Organization's Statement of the Terms of Substance of the Proposed Rule Change The Exchange proposes to amend Rule 497 regarding the requirements for the listing of securities that are issued by the Exchange or any of its affiliates. The proposed rule change is available on the Exchange's Web site at www.nyse.com, at the principal office of the Exchange, and at the Commission's Public Reference Room. II. Self-Regulatory Organization's Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, the self-regulatory organization included statements concerning the purpose of, and basis for, the proposed rule change and discussed any comments it received on the proposed rule change. The text of those statements may be examined at the places specified in Item IV below. The Exchange has prepared summaries, set forth in sections A, B, and C below, of the most significant parts of such statements. A. Self-Regulatory Organization's Statement of the Purpose of, and the Statutory Basis for, the Proposed Rule Change 1. Purpose The Exchange proposes to amend Rule 497 (Additional Requirements for Listed Securities Issued by Intercontinental Exchange, Inc. or its Affiliates) regarding the requirements for the listing of securities that are issued by the Exchange or any of its affiliates. Rule 497 sets forth certain requirements that securities issued by the Exchange's ultimate parent, Intercontinental Exchange, Inc. (``ICE''), or its affiliates, must meet before they can be listed on the Exchange, including certain pre-listing approvals and post-listing monitoring requirements. Specifically, the Exchange is proposing to make the following changes to Rule 497: (i) Expand the definition of Affiliate Security under Rule 497(a)(2); (ii) require that the annual review required under Rule 497(c)(2) be forwarded to the Exchange's Regulatory Oversight Committee (``ROC''); and (iii) make non-substantive typographical changes. Rule 497(a)(2) currently defines ``Affiliate Security'' as ``any security issued by an ICE Affiliate, with the exception of Investment Company Units as defined in Para. 703.16 of the Listed Company Manual.'' \4\ The Exchange proposes to expand the definition of Affiliate Security to include any Exchange-listed option on any security issued by an ICE Affiliate. As a consequence, under Rule 497(b), prior to listing any new class of options on a security issued by an ICE Affiliate, Exchange regulatory staff would be required to make a finding that the option class satisfies the Exchange's rules for listing, and the ROC would be required to approve such finding. Likewise, throughout the continued listing of such option class on the Exchange, it would be covered by the reporting requirements of Rule 497(c). In a non-substantive grammatical change to Rule 497(a)(2), the Exchange also proposes to replace the ``a'' before ``ICE Affiliate'' with ``an.'' --------------------------------------------------------------------------- \4\ For purposes of Rule 497, an ``ICE Affiliate'' is ``ICE and any entity that directly or indirectly, through one or more intermediaries, controls, is controlled by, or is under common control with ICE, where `control' means that one entity possesses, directly or indirectly, voting control of the other entity either through ownership of capital stock or other equity securities or through majority representation on the board of directors or other management body of such entity.'' Rule 497(a)(1). --------------------------------------------------------------------------- In the event that an ICE Affiliate lists an Affiliate Security, Rule 497(c)(2) requires that, throughout the continued listing of the Affiliate Security on the Exchange, an independent accounting firm will review the listing standards for the Affiliate Security and a copy of the report shall be forwarded promptly to the Securities and Exchange Commission (``Commission''). The Exchange proposes to expand Rule 497(c)(2) to require that such report also be forwarded to the ROC. The Exchange proposes to make the following additional, non- substantive changes to Rule 497(c):It proposes to move ``the Exchange shall'' from the end of Rule 497(c) to the start of Rule 497(c)(1), as the text only applies to Rule 497(c)(1), and not sub-paragraphs (2) or (3), and change ``shall'' to ``will.'' It proposes to add ``and trading'' after ``Throughout the continued listing'' in Rule 497(c), as Rule 497 (c)(1) [[Page 74848]] references the listing of Affiliate Securities, as well as their trading. The Exchange proposes to delete an extraneous ``that'' from the final clause of Rule 497(c)(1)(b), so that it reads as follows: Exchange regulatory staff's monitoring of the trading of the Affiliate Security including summaries of all related surveillance alerts, complaints, regulatory referrals, adjusted trades, investigations, examinations, formal and informal disciplinary actions, exception reports and trading data used to ensure the Affiliate Security's compliance with the Exchange's listing and trading rules. The Exchange notes that the proposed amendments would be consistent with recent changes to the Bats BZX Exchange, Inc. (``BZX'') Rule 14.3 regarding requirements for the listing of securities listed by BZX or any of its affiliates.\5\ --------------------------------------------------------------------------- \5\ See Securities Exchange Act Release No. 77639 (April 18, 2016), 81 FR 23768 (April 22, 2016) (SR-BatsBZX-2016-08). --------------------------------------------------------------------------- 2. Statutory Basis The Exchange believes that the proposed rule change is consistent with Section 6(b) of the Exchange Act \6\ in general, and Section 6(b)(5) \7\ in particular, in that it because it is designed to prevent fraudulent and manipulative acts and practices, to promote just and equitable principles of trade, to foster cooperation and coordination with persons engaged in regulating, clearing, settling, processing information with respect to, and facilitating transactions in securities, to remove impediments to, and perfect the mechanism of a free and open market and a national market system and, in general, to protect investors and the public interest. --------------------------------------------------------------------------- \6\ 15 U.S.C. 78f(b). \7\ 15 U.S.C. 78f(b)(5). --------------------------------------------------------------------------- Specifically, the Exchange believes that the proposed rule change, by requiring heightened reporting by the Exchange to the Commission and the ROC with respect to oversight of the listing and trading on the Exchange of Affiliate Securities, will continue to help protect against concerns that the Exchange will not effectively enforce its rules with respect to the listing and trading of these securities. By adding Exchange-listed options on any security issued by an ICE Affiliate to the definition of ``Affiliate Securities,'' the proposed changes would expand the scope of Rule 497. The Exchange accordingly believes that the proposed amendments to Rule 497 would continue to eliminate any perception of a potential conflict of interest if an ICE Affiliate seeks to list a security on the Exchange. Lastly, the Exchange believes that the proposed non-substantive grammatical changes would promote just and equitable principles of trade and remove impediments to a free and open market by providing greater clarity in the Exchange's rules. B. Self-Regulatory Organization's Statement on Burden on Competition The Exchange does not believe that the proposed rule change will impose any burden on competition that is not necessary or appropriate in furtherance of the purposes of the Exchange Act. The proposed rule change is not intended to address competitive issues but rather provide market participants with additional specificity and transparency regarding the Exchange's controls that are in place to address the potential conflicts of interest that may arise in the listing of Affiliate Securities on the Exchange. C. Self-Regulatory Organization's Statement on Comments on the Proposed Rule Change Received From Members, Participants, or Others No written comments were solicited or received with respect to the proposed rule change. III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action Because the proposed rule change does not (i) significantly affect the protection of investors or the public interest; (ii) impose any significant burden on competition; and (iii) become operative for 30 days from the date on which it was filed, or such shorter time as the Commission may designate, it has become effective pursuant to Section 19(b)(3)(A) of the Act \8\ and Rule 19b-4(f)(6) thereunder.\9\ --------------------------------------------------------------------------- \8\ 15 U.S.C. 78s(b)(3)(A). \9\ 17 CFR 240.19b-4(f)(6). As required under Rule 19b- 4(f)(6)(iii), the Exchange provided the Commission with written notice of its intent to file the proposed rule change, along with a brief description and the text of the proposed rule change, at least five business days prior to the date of filing of the proposed rule change, or such shorter time as designated by the Commission. --------------------------------------------------------------------------- A proposed rule change filed pursuant to Rule 19b-4(f)(6) under the Act \10\ normally does not become operative for 30 days after the date of its filing. However, Rule 19b-4(f)(6)(iii) \11\ permits the Commission to designate a shorter time if such action is consistent with the protection of investors and the public interest. The Exchange has asked the Commission to waive the 30-day operative delay so that the proposal may become operative immediately upon filing. The Commission believes that waiver of the operative delay is consistent with the protection of investors and the public interest as it will allow the Exchange to implement the proposed changes to Rule 497 without delay. Therefore, the Commission hereby waives the operative delay and designates the proposal operative upon filing.\12\ --------------------------------------------------------------------------- \10\ 17 CFR 240.19b-4(f)(6). \11\ 17 CFR 240.19b-4(f)(6)(iii). \12\ For purposes only of waiving the 30-day operative delay, the Commission has also considered the proposed rule's impact on efficiency, competition, and capital formation. See 15 U.S.C. 78c(f). --------------------------------------------------------------------------- At any time within 60 days of the filing of the proposed rule change, the Commission summarily may temporarily suspend such rule change if it appears to the Commission that such action is necessary or appropriate in the public interest, for the protection of investors, or otherwise in furtherance of the purposes of the Act. If the Commission takes such action, the Commission shall institute proceedings to determine whether the proposed rule change should be approved or disapproved. IV. Solicitation of Comments Interested persons are invited to submit written data, views, and arguments concerning the foregoing, including whether the proposed rule change is consistent with the Act. 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-NYSE-2016-67 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-NYSE-2016-67. 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 [[Page 74849]] 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-NYSE-2016-67, and should be submitted on or before November 17, 2016. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\13\ --------------------------------------------------------------------------- \13\ 17 CFR 200.30-3(a)(12). --------------------------------------------------------------------------- Brent J. Fields, Secretary. [FR Doc. 2016-25937 Filed 10-26-16; 8:45 am] BILLING CODE 8011-01-P
![Federal Register / Vol. 81, No. 208 / Thursday, October 27, 2016 / Notices 74847
using its facilities; (2) Section 6(b)(5) of ‘‘Act’’) 2 and Rule 19b–4 thereunder,3 changes to Rule 497: (i) Expand the
the Act,78 which requires that the rules notice is hereby given that on October definition of Affiliate Security under
of a national securities exchange be 13, 2016, New York Stock Exchange Rule 497(a)(2); (ii) require that the
designed, among other things, to LLC (‘‘NYSE’’ or the ‘‘Exchange’’) filed annual review required under Rule
prevent fraudulent and manipulative with the Securities and Exchange 497(c)(2) be forwarded to the Exchange’s
acts and practices, to promote just and Commission (the ‘‘Commission’’) the Regulatory Oversight Committee
equitable principles of trade, to remove proposed rule change as described in (‘‘ROC’’); and (iii) make non-substantive
impediments to and perfect the Items I and II below, which Items have typographical changes.
mechanism of a free and open market been prepared by the self-regulatory Rule 497(a)(2) currently defines
and a national market system, and, in organization. The Commission is ‘‘Affiliate Security’’ as ‘‘any security
general, to protect investors and the publishing this notice to solicit issued by an ICE Affiliate, with the
public interest, and not be designed to comments on the proposed rule change exception of Investment Company Units
permit unfair discrimination between from interested persons. as defined in Para. 703.16 of the Listed
customers, issuers, brokers, or dealers; I. Self-Regulatory Organization’s Company Manual.’’ 4 The Exchange
and (3) Section 6(b)(8) of the Act,79 Statement of the Terms of Substance of proposes to expand the definition of
which requires that the rules of a the Proposed Rule Change Affiliate Security to include any
national securities exchange do not Exchange-listed option on any security
impose any burden on competition not The Exchange proposes to amend issued by an ICE Affiliate. As a
necessary or appropriate in furtherance Rule 497 regarding the requirements for consequence, under Rule 497(b), prior
of the purposes of the Act. Because any the listing of securities that are issued to listing any new class of options on a
of these determinations under the Act by the Exchange or any of its affiliates. security issued by an ICE Affiliate,
independently necessitates The proposed rule change is available Exchange regulatory staff would be
disapproving the proposal, the on the Exchange’s Web site at required to make a finding that the
Commission does so. www.nyse.com, at the principal office of option class satisfies the Exchange’s
the Exchange, and at the Commission’s rules for listing, and the ROC would be
V. Conclusion Public Reference Room. required to approve such finding.
For the reasons set forth above, the II. Self-Regulatory Organization’s Likewise, throughout the continued
Commission does not find that the Statement of the Purpose of, and listing of such option class on the
proposed rule change is consistent with Statutory Basis for, the Proposed Rule Exchange, it would be covered by the
the Act and the rules and regulations Change reporting requirements of Rule 497(c).
thereunder applicable to a national In a non-substantive grammatical
In its filing with the Commission, the
securities exchange, and in particular, self-regulatory organization included change to Rule 497(a)(2), the Exchange
Sections 6(b)(4), 6(b)(5), and 6(b)(8) of statements concerning the purpose of, also proposes to replace the ‘‘a’’ before
the Act. and basis for, the proposed rule change ‘‘ICE Affiliate’’ with ‘‘an.’’
It is therefore ordered, pursuant to and discussed any comments it received In the event that an ICE Affiliate lists
Section 19(b)(2) of the Act,80 that the on the proposed rule change. The text an Affiliate Security, Rule 497(c)(2)
proposed rule change (SR–NYSEMKT– of those statements may be examined at requires that, throughout the continued
2016–45) be, and hereby is, the places specified in Item IV below. listing of the Affiliate Security on the
disapproved. The Exchange has prepared summaries, Exchange, an independent accounting
For the Commission, by the Division of set forth in sections A, B, and C below, firm will review the listing standards for
Trading and Markets, pursuant to delegated of the most significant parts of such the Affiliate Security and a copy of the
authority.81 statements. report shall be forwarded promptly to
Brent J. Fields, the Securities and Exchange
A. Self-Regulatory Organization’s Commission (‘‘Commission’’). The
Secretary.
Statement of the Purpose of, and the Exchange proposes to expand Rule
[FR Doc. 2016–25941 Filed 10–26–16; 8:45 am]
Statutory Basis for, the Proposed Rule 497(c)(2) to require that such report also
BILLING CODE 8011–01–P Change be forwarded to the ROC.
1. Purpose The Exchange proposes to make the
SECURITIES AND EXCHANGE following additional, non-substantive
The Exchange proposes to amend
COMMISSION changes to Rule 497(c):
Rule 497 (Additional Requirements for
• It proposes to move ‘‘the Exchange
Listed Securities Issued by
[Release No. 34–79130; File No. SR–NYSE– shall’’ from the end of Rule 497(c) to the
Intercontinental Exchange, Inc. or its
2016–67] start of Rule 497(c)(1), as the text only
Affiliates) regarding the requirements
for the listing of securities that are applies to Rule 497(c)(1), and not sub-
Self-Regulatory Organizations; New paragraphs (2) or (3), and change ‘‘shall’’
York Stock Exchange LLC; Notice of issued by the Exchange or any of its
affiliates. Rule 497 sets forth certain to ‘‘will.’’
Filing and Immediate Effectiveness of
requirements that securities issued by • It proposes to add ‘‘and trading’’
Proposed Rule Change Amending Rule after ‘‘Throughout the continued
497 the Exchange’s ultimate parent,
Intercontinental Exchange, Inc. (‘‘ICE’’), listing’’ in Rule 497(c), as Rule 497 (c)(1)
October 21, 2016. or its affiliates, must meet before they 4 For purposes of Rule 497, an ‘‘ICE Affiliate’’ is
sradovich on DSK3GMQ082PROD with NOTICES
Pursuant to Section 19(b)(1) 1 of the can be listed on the Exchange, including ‘‘ICE and any entity that directly or indirectly,
Securities Exchange Act of 1934 (the certain pre-listing approvals and post- through one or more intermediaries, controls, is
listing monitoring requirements. controlled by, or is under common control with
78 15 Specifically, the Exchange is ICE, where ‘control’ means that one entity
U.S.C. 78f(b)(5).
possesses, directly or indirectly, voting control of
79 15 U.S.C. 78f(b)(8). proposing to make the following the other entity either through ownership of capital
80 15 U.S.C. 78s(b)(2).
stock or other equity securities or through majority
81 17 CFR 200.30–3(a)(57) and (58). 2 15 U.S.C. 78a. representation on the board of directors or other
1 15 U.S.C.78s(b)(1). 3 17 CFR 240.19b–4. management body of such entity.’’ Rule 497(a)(1).
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![Federal Register / Vol. 81, No. 208 / Thursday, October 27, 2016 / Notices 74849
Commission, and all written AMT-Free Municipal Value Fund, NASDAQ 100 Dynamic Overwrite Fund,
communications relating to the Nuveen AMT-Free Quality Municipal Nuveen New Jersey Dividend Advantage
proposed rule change between the Income Fund, Nuveen Arizona Premium Municipal Fund, Nuveen New Jersey
Commission and any person, other than Income Municipal Fund, Nuveen Build Municipal Value Fund, Nuveen New
those that may be withheld from the America Bond Fund, Nuveen Build York AMT-Free Municipal Income
public in accordance with the America Bond Opportunity Fund, Fund, Nuveen New York Dividend
provisions of 5 U.S.C. 552, will be Nuveen California AMT-Free Municipal Advantage Municipal Fund, Nuveen
available for Web site viewing and Income Fund, Nuveen California New York Municipal Value Fund 2,
printing in the Commission’s Public Dividend Advantage Municipal Fund, Nuveen New York Municipal Value
Reference Room, 100 F Street NE., Nuveen California Dividend Advantage Fund, Inc., Nuveen New York Select
Washington, DC 20549, on official Municipal Fund 2, Nuveen California Tax-Free Income Portfolio, Nuveen
business days between the hours of Dividend Advantage Municipal Fund 3, North Carolina Premium Income
10:00 a.m. and 3:00 p.m. Copies of the Nuveen California Municipal Value Municipal Fund, Nuveen Ohio Quality
filing also will be available for Fund 2, Nuveen California Municipal Income Municipal Fund, Nuveen
inspection and copying at the principal Value Fund, Inc., Nuveen California Pennsylvania Investment Quality
office of the Exchange. All comments Select Tax-Free Income Portfolio, Municipal Fund, Nuveen Pennsylvania
received will be posted without change; Nuveen Connecticut Premium Income Municipal Value Fund, Nuveen
the Commission does not edit personal Municipal Fund, Nuveen Core Equity Preferred and Income Term Fund,
identifying information from Alpha Fund, Nuveen Credit Strategies Nuveen Preferred Income Opportunities
submissions. You should submit only Income Fund, Nuveen Diversified Fund, Nuveen Preferred Securities
information that you wish to make Dividend and Income Fund, Nuveen Income Fund, Nuveen Quality
available publicly. All submissions Dow 30SM Dynamic Overwrite Fund, Municipal Income Fund, Nuveen Real
should refer to File Number SR–NYSE– Nuveen Energy MLP Total Return Fund, Asset Income and Growth Fund,
2016–67, and should be submitted on or Nuveen Enhanced AMT-Free Municipal Nuveen Real Estate Income Fund,
before November 17, 2016. Credit Opportunities Fund, Nuveen Nuveen S&P 500 Buy-Write Income
For the Commission, by the Division of Enhanced Municipal Credit Fund, Nuveen S&P 500 Dynamic
Trading and Markets, pursuant to delegated Opportunities Fund, Nuveen Enhanced Overwrite Fund, Nuveen Select
authority.13 Municipal Value Fund, Nuveen Flexible Maturities Municipal Fund, Nuveen
Brent J. Fields, Investment Income Fund, Nuveen Select Tax-Free Income Portfolio,
Secretary. Floating Rate Income Fund, Nuveen Nuveen Select Tax-Free Income
[FR Doc. 2016–25937 Filed 10–26–16; 8:45 am] Floating Rate Income Opportunity Portfolio 2, Nuveen Select Tax-Free
Fund, Nuveen Georgia Dividend Income Portfolio 3, Nuveen Senior
BILLING CODE 8011–01–P
Advantage Municipal Fund 2, Nuveen Income Fund, Nuveen Short Duration
Global High Income Fund, Nuveen Credit Opportunities Fund, Nuveen
SECURITIES AND EXCHANGE Global Equity Income Fund, Nuveen Strategy Funds, Inc., Nuveen Tax-
COMMISSION High Income 2020 Target Term Fund, Advantaged Dividend Growth Fund,
Nuveen High Income December 2018 Nuveen Tax-Advantaged Total Return
[Investment Company Act Release No. Strategy Fund, Nuveen Texas Quality
Target Term Fund, Nuveen High Income
32322; File No. 812–14619] Income Municipal Fund, Nuveen
December 2019 Target Term Fund,
Nuveen High Income November 2021 Virginia Premium Income Municipal
Nuveen Fund Advisors, LLC, et al.;
Target Term Fund, Nuveen Intermediate Fund, Diversified Real Asset Income
Notice of Application
Duration Municipal Term Fund, Nuveen Fund, each an investment company
October 21, 2016. Intermediate Duration Quality organized as a business trust or a
AGENCY: Securities and Exchange Municipal Term Fund, Nuveen corporation under the laws of
Commission (‘‘Commission’’). Investment Funds, Inc., Nuveen Massachusetts, Maryland or Minnesota
ACTION: Notice of an application for an Investment Trust, Nuveen Investment and registered under the Act as an open-
order pursuant to: (a) Section 6(c) of the Trust II, Nuveen Investment Trust III, end or closed-end management
Investment Company Act of 1940 Nuveen Investment Trust V, Nuveen investment company,1 and Nuveen
(‘‘Act’’) granting an exemption from Managed Accounts Portfolios Trust, Fund Advisors, LLC (the ‘‘Adviser’’), a
sections 18(f) and 21(b) of the Act; (b) Nuveen Maryland Premium Income Delaware limited liability company
section 12(d)(1)(J) of the Act granting an Municipal Fund, Nuveen Massachusetts registered as an investment adviser
exemption from section 12(d)(1) of the Premium Income Municipal Fund, under the Investment Advisers Act of
Act; (c) sections 6(c) and 17(b) of the Nuveen Michigan Quality Income 1940.
Act granting an exemption from sections Municipal Fund, Nuveen Minnesota FILING DATES: The application was filed
17(a)(1), 17(a)(2) and 17(a)(3) of the Act; Municipal Income Fund, Nuveen on February 23, 2016 and amended on
and (d) section 17(d) of the Act and rule Missouri Premium Income Municipal July 1, 2016 and September 30, 2016.
17d–1 under the Act to permit certain Fund, Nuveen Mortgage Opportunity HEARING OR NOTIFICATION OF HEARING:
joint arrangements and transactions. Term Fund 2, Nuveen Mortgage An order granting the requested relief
Applicants request an order that would Opportunity Term Fund, Nuveen Multi- will be issued unless the Commission
permit certain registered open-end Market Income Fund, Nuveen Multistate orders a hearing. Interested persons may
Trust I, Nuveen Multistate Trust II,
sradovich on DSK3GMQ082PROD with NOTICES
management investment companies to request a hearing by writing to the
participate in a joint lending and Nuveen Multistate Trust III, Nuveen Commission’s Secretary and serving
borrowing facility. Multistate Trust IV, Nuveen Municipal
2021 Target Term Fund, Nuveen 1 The Funds (as defined below) that are closed-
Nuveen All Cap Energy
APPLICANTS: Municipal High Income Opportunity end management investment companies will not
participate as borrowers in the interfund lending
MLP Opportunities Fund, Nuveen Fund, Nuveen Municipal Income Fund, facility. None of the Funds are, or will be, money
Inc., Nuveen Municipal Trust, Nuveen market funds that comply with rule 2a–7 under the
13 17 CFR 200.30–3(a)(12). Municipal Value Fund, Inc., Nuveen Act.
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Document Created: 2016-10-27 01:52:57
Document Modified: 2016-10-27 01:52:57
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
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| Section | Notices | |
| FR Citation | 81 FR 74847 |
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