81 FR 76403 - Self-Regulatory Organizations; New York Stock Exchange LLC; Order Granting Approval of Proposed Rule Change Amending Section 907.00 of the NYSE Listed Company Manual To Adjust the Timing of Entitlements to Complimentary Products and Services for Special Purpose Acquisition Companies
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 81, Issue 212 (November 2, 2016)
Federal Register Volume 81, Issue 212 (November 2, 2016)
| Page Range | 76403-76406 | |
| FR Document | 2016-26490 |
[Federal Register Volume 81, Number 212 (Wednesday, November 2, 2016)] [Notices] [Pages 76403-76406] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-26490] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-79187; File No. SR-NYSE-2016-58] Self-Regulatory Organizations; New York Stock Exchange LLC; Order Granting Approval of Proposed Rule Change Amending Section 907.00 of the NYSE Listed Company Manual To Adjust the Timing of Entitlements to Complimentary Products and Services for Special Purpose Acquisition Companies October 28, 2016. I. Introduction On August 26, 2016, New York Stock Exchange LLC (``NYSE'' or ``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 Section 907.00 of the NYSE Listed Company Manual (``Manual'') to adjust the timing of entitlements to certain complimentary products and services for special purpose acquisition companies. The proposed rule change was published in the Federal Register on September 13, 2016.\3\ The Commission received no comments on the proposal. This order grants approval of 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. 78782 (September 7, 2016), 81 FR 62937 (September 13, 2016) (``Notice''). --------------------------------------------------------------------------- II. Description of the Proposal The Exchange proposed to amend Section 907.00 of the Manual to adjust the timing of certain entitlements to complimentary products and services for special purpose acquisition companies (``SPACs'') under that rule. In its filing, the Exchange stated that a SPAC is a special purpose company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more operating businesses or assets.\4\ The Exchange further stated that to qualify for initial listing, a SPAC must meet the requirements of Sections 102.01A \5\ and 102.06 of the Manual. Section 102.06 of the Manual provides that the Exchange will consider on a case-by-case basis the appropriateness for listing of SPACs that conduct an initial public offering of which at least 90% of the proceeds, together with the proceeds of any other concurrent sales of the SPAC's equity securities, will be held in a trust account controlled by an independent custodian until consummation of a business combination in the form of a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more operating businesses or assets with a fair market value equal to at least 80% of the net assets held in trust (a ``Business Combination'' or the ``Business Combination Condition'').\6\ --------------------------------------------------------------------------- \4\ Id. at 62938. \5\ Section 102.01A sets forth the minimum share distribution criteria for listing, and requires that companies listing in connection with an initial public offering have at least 400 holders of 100 shares or more and at least 1,100,000 publicly held shares. \6\ See Notice, supra note 3, at 62938. Section 102.06 also provides, among other things, that the SPAC must be liquidated if no Business Combination has been consummated within a specified time period not to exceed three years, and that the Exchange will promptly commence delisting procedures with respect to any SPAC that fails to consummate its Business Combination within (i) the time period specified by its constitutive documents or by contract or (ii) three years, whichever is shorter. --------------------------------------------------------------------------- As set forth in Section 907.00 of the Manual, the Exchange offers complimentary products and services for a period of 24 calendar months from the date of initial listing to a category of listed companies defined as ``Eligible New Listings.'' \7\ Under the current rule, Eligible New Listings are defined as: (i) Any U.S. company that lists common stock on the Exchange for the first time and any non-U.S. company that lists an equity security on the Exchange under Section 102.01 or 103.00 of the Manual for the first time, regardless of whether such U.S. or non-U.S. company conducts an offering; and (ii) any U.S. or non-U.S. company emerging from a bankruptcy, spinoff (where a company lists new shares in the absence of a public offering), and carve-out (where a company carves out a business line or division, which then conducts a separate initial public offering). --------------------------------------------------------------------------- \7\ Under Section 907.00 of the Manual the Exchange also offers certain complimentary products and services to ``Eligible Current Listings'' that satisfy the requirements of that Section as well as other products and services that all listed issuers are eligible to receive. --------------------------------------------------------------------------- Currently, pursuant to Section 907.00 of the Manual, Eligible New Listings are eligible for services as either a Tier A or Tier B company.\8\ Under Tier A, for [[Page 76404]] Eligible New Listings with a global market value of $400 million or more, calculated as of the date of listing on the Exchange, the Exchange offers market surveillance products and services (with a commercial value of approximately $55,000 annually), market analytics products and services (with a commercial value of approximately $30,000 annually), web-hosting products and services (with a commercial value of approximately $16,000 annually), web-casting products and services (with a commercial value of approximately $6,500 annually), corporate governance tools (with a commercial value of approximately $50,000 annually), and news distribution products and services (with a commercial value of approximately $20,000 annually) for a period of 24 calendar months from the date of listing. Under Tier B, for Eligible New Listings with a global market value of less than $400 million, calculated as of the date of listing on the Exchange, the Exchange offers web-hosting products and services (with a commercial value of approximately $16,000 annually), market analytics products and services (with a commercial value of approximately $30,000 annually), web- casting products and services (with a commercial value of approximately $6,500 annually), corporate governance tools (with a commercial value of approximately $50,000 annually), and news distribution products and services (with a commercial value of approximately $20,000 annually) for a period of 24 calendar months from the date of listing.\9\ --------------------------------------------------------------------------- \8\ The Commission previously found that providing these services and products to companies in different tiers is consistent with the Act, explaining that ``[w]hile not all issuers receive the same level of services, NYSE has stated that trading volume and market activity are related to the level of services that the listed companies would use in the absence of the complimentary services arrangements'' and that ``the criteria for satisfying the tiers are the same for all issuers.'' See Securities Exchange Act Release No. 65127 (August 12, 2011), 76 FR 51449, 51452 (August 18, 2011) (approving NYSE-2011-20) (``NYSE 2011 Order''). \9\ The Exchange noted that it does not propose to make any changes in its filing to the values of the various services provided to eligible listed companies discussed above, which values are specified in Section 907.00 of the Manual. See Notice, supra note 3, at 62938. --------------------------------------------------------------------------- Notwithstanding the foregoing, however, if an Eligible New Listing begins to use a particular product or service provided for under Section 907.00 within 30 days of its initial listing date, the complimentary period begins on the date of first use. The Exchange has now proposed to amend Section 907.00 of the Manual to provide that a SPAC will no longer be deemed to be an Eligible New Listing at the time of its initial listing, and instead will be deemed to be an Eligible New Listing at such time as it has completed the Business Combination Condition, if it remains listed thereafter on the Exchange. Thus, under the proposal, a SPAC will no longer be eligible to receive complimentary products and services under Section 907.00 as an Eligible New Listing at the time of its initial listing, but will instead be entitled to receive such products and services if and when it meets the Business Combination Condition. A SPAC that remains listed on the Exchange after meeting the Business Combination Condition will be entitled to the complimentary products and services under Section 907.00 as an Eligible New Listing for a period of 24 months from the date on which it meets the Business Combination Condition. Notwithstanding the foregoing, however, if such a company begins to use a particular product or service provided for under Section 907.00 within 30 days of meeting the Business Combination Condition, the complimentary period for that product or service will begin on the date of first use. III. Discussion and Commission's Findings The Commission has carefully reviewed the proposed rule change and finds that it is consistent with the requirements of Section 6 of the Act.\10\ Specifically, the Commission believes it is consistent with the provisions of Sections 6(b)(4) and (5) of the Act, \11\ in particular, in that it is designed to provide for the equitable allocation of reasonable dues, fees, and other charges among Exchange members, issuers, and other persons using the Exchange's facilities, and is not designed to permit unfair discrimination between customers, issuers, brokers, or dealers. Moreover, the Commission believes that the proposed rule change is consistent with Section 6(b)(8) of the Act \12\ in that it does not impose any burden on competition not necessary or appropriate in furtherance of the purposes of the Act. --------------------------------------------------------------------------- \10\ 15 U.S.C. 78f. In approving this proposed rule change, the Commission has considered the proposed rule's impact on efficiency, competition, and capital formation. See 15 U.S.C. 78c(f). \11\ 15 U.S.C. 78f(b)(4) and (5). \12\ 15 U.S.C. 78f(b)(8). --------------------------------------------------------------------------- The Commission believes that it is consistent with the Act for the Exchange to adjust the timing of when SPACs are eligible to receive complimentary products and services under Section 907.00 of the Manual as Eligible New Listings from the time of initial listing to the time that it completes a Business Combination Condition. The Exchange represented that SPACs are unlikely to utilize these complimentary products and services at the time of initial listing, but would likely find these products and services useful if they remain listed after they meet the Business Combination Condition.\13\ The Exchange explained that at the time of initial listing, SPACs are typically not focused on their stock price and investor relations to the same degree as operating companies.\14\ The Exchange stated that the complimentary products and services provided to Eligible New Listings under Section 907.00 are targeted in large part toward the market-driven concerns of newly-listed operating companies, and are therefore less useful to SPACs that have not met the Business Combination Condition.\15\ The Exchange stated that a SPAC that has met the Business Combination Condition, on the other hand, is similarly situated to a newly-formed publicly-traded operating company.\16\ Therefore, the Exchange said that it believes that the complimentary products and services provided to Eligible New Listings under Section 907.00 will be as relevant and attractive to a SPAC that has met the Business Combination Condition as to the newly-listed operating companies that are generally eligible for those services.\17\ --------------------------------------------------------------------------- \13\ See Notice, supra note 3, at 62938-39. \14\ Id. at 62938. The Exchange stated in its filing that SPACs raise money on a one-time basis and typically trade at a price that is very close to their liquidation value. Id. \15\ Id. \16\ Id. \17\ Id. --------------------------------------------------------------------------- In addition, the Exchange stated that in many cases SPACs will consider transferring to a new listing venue at the time they meet the Business Combination Condition, and that the proposed rule change will enable the Exchange to compete for the retention of these companies by offering them a package of complimentary products and services that assist their transition to becoming a publicly listed operating company for the first time.\18\ --------------------------------------------------------------------------- \18\ Id. at 62939. --------------------------------------------------------------------------- The Exchange also stated that it recognizes that not all SPACs will meet the Business Combination Condition and that some listed SPACs will therefore never become eligible for the additional complimentary products and services provided to Eligible New Listings under Section 907.00 that would be provided to an otherwise similarly qualified operating company that is newly-listed on the Exchange.\19\ However, the Exchange reiterated that, given the specific characteristics of the SPAC structure, the complimentary products and services provided to Eligible New Listings under Section 907.00 are generally not of any [[Page 76405]] particular value to a SPAC prior to meeting the Business Combination Condition, and the Exchange therefore believes that those SPACs that never meet the Business Combination Condition and therefore never qualify for these additional products and services provided to Eligible New Listings under Section 907.00 will not suffer any meaningful detriment as a consequence.\20\ --------------------------------------------------------------------------- \19\ Id. \20\ Id. --------------------------------------------------------------------------- As noted in the previous order approving Section 907.00 of the Manual, Section 6(b)(5) of the Act does not require that all issuers be treated the same; rather, the Act requires that the rules of an Exchange not unfairly discriminate between issuers.\21\ In its proposal, the Exchange has made representations that reasonably justify treating a SPAC that decides to continue to list on the Exchange after meeting the Business Combination Condition similar to a newly-listed operating company. The Commission further notes that a SPAC that completes the Business Combination Condition will be receiving the same package of services as an Eligible New Listing and that it will not be receiving any additional benefits or services by virtue of the proposed rule change. The Commission notes that the rule proposal delays the timing of the additional complimentary products and services offered to an Eligible New Listing to the time the SPAC becomes an operating company. Up until that time, the listed SPAC is treated like any other currently listed company in that it would receive the complimentary products and services that all listed companies receive, and could also receive additional products and services if it so qualifies under the provisions for Eligible Current Listings.\22\ The proposal does not alter these other services that a SPAC could receive when initially listed. --------------------------------------------------------------------------- \21\ 15 U.S.C. 78f(b)(5); see also NYSE 2011 Order, supra note 8, at 51452. \22\ See Section 907.00 of the Manual; see also NYSE 2011 Order, supra note 8, at 51450. Under Section 907.00, all listed companies receive complimentary services through the Exchange's Market Access Center as well as 24 months of complimentary access to whistleblower hotline services. See Securities Exchange Act Release No. 76127 (October 9, 2015), 80 FR 62584 (October 16, 2015) (approving NYSE- 2015-36) (``NYSE 2015 Order''). --------------------------------------------------------------------------- The Commission has previously found that the package of complimentary products and services offered to Eligible New Listings is equitably allocated among issuers consistent with Section 6(b)(4) of the Act and that describing the values of the products and services adds greater transparency to the Exchange's rules and to the fees applicable to such companies.\23\ The Commission also previously noted that describing in the Manual the products and services available to listed companies and their associated values will ensure that individual listed companies are not given specially negotiated packages of products or services to list or remain listed that would raise unfair discrimination issues under the Act.\24\ --------------------------------------------------------------------------- \23\ See NYSE 2011 Order, supra note 8, at 51452. \24\ Id. --------------------------------------------------------------------------- Based on the foregoing, the Commission believes that the Exchange has provided a sufficient basis for adjusting the timing of when SPACs are eligible to qualify for additional complimentary products and services, as an Eligible New Listing under Section 907.00 of the Manual, from the time of the SPAC's initial listing to the time that a SPAC meets the Business Combination Condition, and that this change does not unfairly discriminate among issuers and is therefore consistent with the Act. For similar reasons, and as the value of the services offered are not changing, only the timing of when such services are provided to a SPAC, we find that the proposal is consistent with Section 6(b)(4) of the Act. The Commission also believes that it is consistent with the Act for the Exchange to allow the complimentary period for a particular service as an Eligible New Listing to begin on the date of first use if a SPAC that has met the Business Combination Condition begins to use the service within 30 days after the date of meeting the Business Combination Condition. The Exchange stated in its filing that, in its experience, it can take companies a period of time to review and complete necessary contracts and training for the complimentary products and services under Section 907.00 following their becoming eligible for those services and that allowing this modest 30 day period, if the company needs it, will help to ensure that the company will have the benefit of the full period permitted under the rule to actually use the services, thereby enabling companies to receive the full intended benefit.\25\ The Commission notes that Section 907.00 currently allows an Eligible New Listing to begin using services within 30 days of its initial listing date.\26\ As noted in the NYSE 2015 Order, the Commission believes that this would provide only a short window of additional time to allow companies to finalize their contracts for the complimentary products and services. The Commission notes that under the proposed rule this additional 30 day window would only be available to SPACs that have determined to remain listed on the Exchange after meeting the Business Combination Condition and thereby treats such SPACs, at the time they qualify for listing as an operating company, the same as other newly-listed companies that qualify as Eligible New Listings under Section 907.00.\27\ --------------------------------------------------------------------------- \25\ See Notice, supra note 3, at 62939. \26\ See NYSE 2015 Order, supra note 22. \27\ The Commission expects the Exchange to track the start (and end) date of each free service. --------------------------------------------------------------------------- The Commission believes that the Exchange is responding to competitive pressures in the market for listings in making this proposal. Specifically, the Exchange has represented that in many cases, SPACs will consider transferring to a new listing venue at the time they meet the Business Combination Condition, and that the proposed rule change would enable it to compete for the retention of these companies by offering them a package of complimentary products and services that assist their transition to being a publicly listed operating company for the first time.\28\ Further, the Commission notes that other exchanges have filed similar rule changes with respect to the timing of complimentary services offered to SPACs under their rules,\29\ and the Commission has recently approved one such rule change.\30\ The Commission also notes that nothing in the Exchange's rules requires a SPAC to remain listed on the Exchange after it meets the Business Combination Condition and that such company is free to list on other markets. Accordingly, the Commission believes that the proposed rule reflects the current competitive environment for exchange listings among national securities exchanges, and is appropriate and consistent with Section 6(b)(8) of the Act.\31\ --------------------------------------------------------------------------- \28\ See Notice, supra note 3, at 56722. \29\ See Securities Exchange Act Release No. 78586 (August 16, 2016), 81 FR 56720 (August 22, 2016) (SR-NYSEMKT-2016-62) and Securities Exchange Act Release No. 79025 (October 3, 2016), 81 FR 69881 (October 7, 2016) (SR-NASDAQ-2016-106). \30\ See Securities Exchange Act Release No. 79056 (October 6, 2016), 81 FR 70449 (October 12, 2016) (approving NYSEMKT-2016-62). \31\ 15 U.S.C. 78f(b)(8). --------------------------------------------------------------------------- V. Conclusion It is therefore ordered, pursuant to Section 19(b)(2) of the Act,\32\ that the proposed rule change (SR-NYSE-2016-58) be, and it hereby is, approved. --------------------------------------------------------------------------- \32\ 15 U.S.C. 78s(b)(2). [[Page 76406]] --------------------------------------------------------------------------- For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\33\ --------------------------------------------------------------------------- \33\ 17 CFR 200.30-3(a)(12). --------------------------------------------------------------------------- Brent J. Fields, Secretary. [FR Doc. 2016-26490 Filed 11-1-16; 8:45 am] BILLING CODE 8011-01-P
![Federal Register / Vol. 81, No. 212 / Wednesday, November 2, 2016 / Notices 76403
This file number should be included on SECURITIES AND EXCHANGE will consider on a case-by-case basis the
the subject line if email is used. To help COMMISSION appropriateness for listing of SPACs that
the Commission process and review conduct an initial public offering of
[Release No. 34–79187; File No. SR–NYSE–
your comments more efficiently, please 2016–58]
which at least 90% of the proceeds,
use only one method. The Commission together with the proceeds of any other
will post all comments on the Self-Regulatory Organizations; New concurrent sales of the SPAC’s equity
Commission’s Internet Web site (http:// York Stock Exchange LLC; Order securities, will be held in a trust
www.sec.gov/rules/sro.shtml). Copies of Granting Approval of Proposed Rule account controlled by an independent
the submission, all subsequent Change Amending Section 907.00 of custodian until consummation of a
the NYSE Listed Company Manual To business combination in the form of a
amendments, all written statements
Adjust the Timing of Entitlements to merger, capital stock exchange, asset
with respect to the proposed rule
Complimentary Products and Services acquisition, stock purchase,
change that are filed with the reorganization, or similar business
Commission, and all written for Special Purpose Acquisition
Companies combination with one or more operating
communications relating to the businesses or assets with a fair market
proposed rule change between the October 28, 2016. value equal to at least 80% of the net
Commission and any person, other than assets held in trust (a ‘‘Business
I. Introduction
those that may be withheld from the Combination’’ or the ‘‘Business
public in accordance with the On August 26, 2016, New York Stock Combination Condition’’).6
provisions of 5 U.S.C. 552, will be Exchange LLC (‘‘NYSE’’ or ‘‘Exchange’’) As set forth in Section 907.00 of the
available for Web site viewing and filed with the Securities and Exchange Manual, the Exchange offers
printing in the Commission’s Public Commission (‘‘Commission’’), pursuant complimentary products and services
Reference Room, 100 F Street NE., to Section 19(b)(1) of the Securities for a period of 24 calendar months from
Washington, DC 20549, on official Exchange Act of 1934 (‘‘Act’’) 1 and Rule the date of initial listing to a category of
19b–4 thereunder,2 a proposed rule listed companies defined as ‘‘Eligible
business days between the hours of
change to amend Section 907.00 of the New Listings.’’ 7 Under the current rule,
10:00 a.m. and 3:00 p.m. Copies of these NYSE Listed Company Manual
filings also will be available for Eligible New Listings are defined as: (i)
(‘‘Manual’’) to adjust the timing of Any U.S. company that lists common
inspection and copying at the principal entitlements to certain complimentary
office of the Exchange. All comments stock on the Exchange for the first time
products and services for special and any non-U.S. company that lists an
received will be posted without change; purpose acquisition companies. The equity security on the Exchange under
the Commission does not edit personal proposed rule change was published in Section 102.01 or 103.00 of the Manual
identifying information from the Federal Register on September 13, for the first time, regardless of whether
submissions. You should submit only 2016.3 The Commission received no such U.S. or non-U.S. company
information that you wish to make comments on the proposal. This order conducts an offering; and (ii) any U.S.
available publicly. All submissions grants approval of the proposed rule or non-U.S. company emerging from a
should refer to File Number SR– change. bankruptcy, spinoff (where a company
NYSEArca–2016–101 and should be II. Description of the Proposal lists new shares in the absence of a
submitted on or before November 23, public offering), and carve-out (where a
2016. Rebuttal comments should be The Exchange proposed to amend company carves out a business line or
submitted by December 7, 2016. Section 907.00 of the Manual to adjust division, which then conducts a
the timing of certain entitlements to separate initial public offering).
For the Commission, by the Division of complimentary products and services
Trading and Markets, pursuant to delegated
Currently, pursuant to Section 907.00
for special purpose acquisition of the Manual, Eligible New Listings are
authority.19 companies (‘‘SPACs’’) under that rule. eligible for services as either a Tier A or
Brent J. Fields, In its filing, the Exchange stated that a Tier B company.8 Under Tier A, for
Secretary. SPAC is a special purpose company
[FR Doc. 2016–26405 Filed 11–1–16; 8:45 am] formed for the purpose of effecting a 6 See Notice, supra note 3, at 62938. Section
merger, capital stock exchange, asset 102.06 also provides, among other things, that the
BILLING CODE 8011–01–P
acquisition, stock purchase, SPAC must be liquidated if no Business
reorganization, or similar business Combination has been consummated within a
specified time period not to exceed three years, and
combination with one or more operating that the Exchange will promptly commence
businesses or assets.4 The Exchange delisting procedures with respect to any SPAC that
further stated that to qualify for initial fails to consummate its Business Combination
within (i) the time period specified by its
listing, a SPAC must meet the constitutive documents or by contract or (ii) three
requirements of Sections 102.01A 5 and years, whichever is shorter.
102.06 of the Manual. Section 102.06 of 7 Under Section 907.00 of the Manual the
the Manual provides that the Exchange Exchange also offers certain complimentary
products and services to ‘‘Eligible Current Listings’’
1 15
that satisfy the requirements of that Section as well
U.S.C. 78s(b)(1). as other products and services that all listed issuers
2 17 CFR 240.19b–4. are eligible to receive.
3 See Securities Exchange Act Release No. 78782 8 The Commission previously found that
sradovich on DSK3GMQ082PROD with NOTICES
(September 7, 2016), 81 FR 62937 (September 13, providing these services and products to companies
2016) (‘‘Notice’’). in different tiers is consistent with the Act,
4 Id. at 62938.
explaining that ‘‘[w]hile not all issuers receive the
5 Section 102.01A sets forth the minimum share same level of services, NYSE has stated that trading
distribution criteria for listing, and requires that volume and market activity are related to the level
companies listing in connection with an initial of services that the listed companies would use in
public offering have at least 400 holders of 100 the absence of the complimentary services
shares or more and at least 1,100,000 publicly held arrangements’’ and that ‘‘the criteria for satisfying
19 17 CFR 200.30–3(a)(57). shares. Continued
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![76406 Federal Register / Vol. 81, No. 212 / Wednesday, November 2, 2016 / Notices
For the Commission, by the Division of SMALL BUSINESS ADMINISTRATION disaster for the State of Florida (FEMA–
Trading and Markets, pursuant to delegated 4283–DR), dated 10/17/2016.
authority.33 [Disaster Declaration #14911 and #14912]
Incident: Hurricane Matthew.
Brent J. Fields, Incident Period: 10/03/2016 and
North Carolina Disaster Number NC–
Secretary.
00081 continuing.
[FR Doc. 2016–26490 Filed 11–1–16; 8:45 am] Effective Date: 10/24/2016.
BILLING CODE 8011–01–P AGENCY: U.S. Small Business Physical Loan Application Deadline
Administration. Date: 12/16/2016.
ACTION: Amendment 8. EIDL Loan Application Deadline Date:
07/17/2017.
SMALL BUSINESS ADMINISTRATION SUMMARY: This is an amendment of the ADDRESSES: Submit completed loan
Presidential declaration of a major applications to: U.S. Small Business
[Disaster Declaration #14921 and #14922] disaster for the State of North Carolina Administration, Processing and
(FEMA—4285—DR), dated 10/10/2016. Disbursement Center, 14925 Kingsport
South Carolina Disaster Number SC– Incident: Hurricane Matthew. Road, Fort Worth, TX 76155.
00040 Incident Period: 10/04/2016 and FOR FURTHER INFORMATION CONTACT: A.
continuing. Escobar, Office of Disaster Assistance,
AGENCY: U.S. Small Business Effective Date: 10/24/2016.
Administration. U.S. Small Business Administration,
Physical Loan Application Deadline 409 3rd Street SW., Suite 6050,
ACTION: Amendment 3. Date: 12/09/2016. Washington, DC 20416.
EIDL Loan Application Deadline Date:
SUMMARY: This is an amendment of the SUPPLEMENTARY INFORMATION: The notice
07/10/2017.
Presidential declaration of a major of the Presidential disaster declaration
disaster for the State of South Carolina ADDRESSES: Submit completed loan
for the State of Florida, dated 10/17/
(FEMA–4286–DR), dated 10/14/2016. applications to: U.S. Small Business
2016 is hereby amended to include the
Incident: Hurricane Matthew. Administration, Processing and
following areas as adversely affected by
Incident Period: 10/04/2016 and Disbursement Center, 14925 Kingsport
the disaster:
continuing. Road, Fort Worth, TX 76155.
Primary Counties: (Physical Damage and
Effective Date: 10/25/2016. FOR FURTHER INFORMATION CONTACT: A.
Economic Injury Loans):
Physical Loan Application Deadline Escobar, Office of Disaster Assistance, Duval
Date: 12/13/2016. U.S. Small Business Administration, Contiguous Counties: (Economic Injury
EIDL Loan Application Deadline Date: 409 3rd Street SW., Suite 6050, Loans Only):
07/12/2017. Washington, DC 20416. Florida: Baker, Nassau
ADDRESSES: Submit completed loan SUPPLEMENTARY INFORMATION: The notice All other information in the original
applications to: U.S. Small Business of the Presidential disaster declaration declaration remains unchanged.
Administration, Processing and for the State of North Carolina, dated
10/10/2016 is hereby amended to (Catalog of Federal Domestic Assistance
Disbursement Center, 14925 Kingsport Number 59008)
Road, Fort Worth, TX 76155. include the following areas as adversely
FOR FURTHER INFORMATION CONTACT: A.
affected by the disaster: Lisa Lopez-Suarez,
Escobar, Office of Disaster Assistance, Primary Counties: (Physical Damage and Acting Associate Administrator for Disaster
U.S. Small Business Administration, Economic Injury Loans): Lee, Assistance.
409 3rd Street SW., Suite 6050, Moore, Wake. [FR Doc. 2016–26394 Filed 11–1–16; 8:45 am]
Washington, DC 20416. Contiguous Counties: (Economic Injury BILLING CODE 8025–01–P
SUPPLEMENTARY INFORMATION: The notice
Loans Only): North Carolina:
of the Presidential disaster declaration Durham, Granville, Montgomery,
Randolph. SMALL BUSINESS ADMINISTRATION
for the State of South Carolina, dated
10/14/2016 is hereby amended to All other information in the original [Disaster Declaration #14923 and #14924]
include the following areas as adversely declaration remains unchanged.
affected by the disaster: Georgia Disaster Number GA–00081
(Catalog of Federal Domestic Assistance
Primary Counties: (Physical Damage and Number 59008) AGENCY: U.S. Small Business
Economic Injury Loans): Berkeley, Administration.
Lisa Lopez-Suarez,
Charleston, Chesterfield ACTION: Amendment 1.
Acting Associate Administrator for Disaster
Contiguous Counties: (Economic Injury
Assistance.
Loans Only): SUMMARY: This is an amendment of the
[FR Doc. 2016–26395 Filed 11–1–16; 8:45 am]
South Carolina: Lancaster Presidential declaration of a major
BILLING CODE 8025–01–P
North Carolina: Union disaster for the State of Georgia
All other information in the original (FEMA—4284—DR), dated 10/17/2016.
declaration remains unchanged. Incident: Hurricane Matthew.
SMALL BUSINESS ADMINISTRATION Incident Period: 10/04/2016 through
(Catalog of Federal Domestic Assistance
[Disaster Declaration #14925 and #14926] 10/15/2016.
Number 59008)
EFFECTIVE DATE: 10/24/2016.
sradovich on DSK3GMQ082PROD with NOTICES
Lisa Lopez-Suarez, Florida Disaster Number FL–00121 Physical Loan Application Deadline
Acting Associate Administrator for Disaster AGENCY: U.S. Small Business Date: 12/16/2016.
Assistance. EIDL Loan Application Deadline Date:
Administration.
[FR Doc. 2016–26393 Filed 11–1–16; 8:45 am] 07/17/2017.
ACTION: Amendment 2.
BILLING CODE 8025–01–P ADDRESSES: Submit completed loan
SUMMARY: This is an amendment of the applications to: U.S. Small Business
33 17 CFR 200.30–3(a)(12). Presidential declaration of a major Administration, Processing and
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Document Created: 2016-11-02 01:41:14
Document Modified: 2016-11-02 01:41:14
| 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 76403 |
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