82 FR 61351 - Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Extend the Penny Pilot Program
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 82, Issue 247 (December 27, 2017)
Federal Register Volume 82, Issue 247 (December 27, 2017)
| Page Range | 61351-61353 | |
| FR Document | 2017-27831 |
[Federal Register Volume 82, Number 247 (Wednesday, December 27, 2017)] [Notices] [Pages 61351-61353] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2017-27831] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-82370; File No. SR-Phlx-2017-104] Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Extend the Penny Pilot Program December 20, 2017. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given that on December 12, 2017, Nasdaq PHLX LLC (``Phlx'' or ``Exchange'') filed with the Securities and Exchange Commission (``SEC'' or ``Commission'') the proposed rule change as described in Items I and II, below, which Items have been prepared by the Exchange. 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\ 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 Phlx Rule 1034 (Minimum Increments)\3\ to extend through June 30, 2018 or the date of permanent approval, if earlier, the Penny Pilot Program in options classes in certain issues (``Penny Pilot'' or ``Pilot''), and to change the date when delisted classes may be replaced in the Penny Pilot. --------------------------------------------------------------------------- \3\ References herein to rules refer to rules of Phlx, unless otherwise noted. --------------------------------------------------------------------------- The text of the proposed rule change is set forth below. Proposed new language is underlined; deleted text is in brackets. * * * * * Nasdaq PHLX Rules Options Rules * * * * * Rule 1034. Minimum Increments (a) Except as provided in sub-paragraphs (i)(B) and (iii) below, all options on stocks, index options, and Exchange Traded Fund Shares quoting in decimals at $3.00 or higher shall have a minimum increment of $.10, and all options on stocks and index options quoting in decimals under $3.00 shall have a minimum increment of $.05. (i)(A) No Change. (B) For a pilot period scheduled to expire June 30, 2018[December 31, 2017] or the date of permanent approval, if earlier (the ``pilot''), certain options shall be quoted and traded on the Exchange in minimum increments of $0.01 for all series in such options with a price of less than $3.00, and in minimum increments of $0.05 for all series in such options with a price of $3.00 or higher, except that options overlying the PowerShares QQQ Trust (``QQQQ'')[supreg], SPDR S&P 500 Exchange Traded Funds (``SPY''), and iShares Russell 2000 Index Funds (``IWM'') shall be quoted and traded in minimum increments of $0.01 for all series regardless of the price. A list of such options shall be communicated to membership via an Options Trader Alert (``OTA'') posted on the Exchange's website. The Exchange may replace any pilot issues that have been delisted with the next most actively traded multiply listed options classes that are not yet included in the pilot, based on trading activity in the previous six months. The replacement issues may be added to the pilot on the second trading day following January 1, 2018[July 1, 2017]. (C) No Change. (ii)-(v) No Change. * * * * * 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 Exchange 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 these 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 aspects of such statements. A. Self-Regulatory Organization's Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Purpose The purpose of this filing is to amend Phlx Rule 1034 to extend the Penny Pilot through June 30, 2018 or the date of permanent approval, if earlier,\4\ and to change the date when delisted classes may be replaced in the Penny Pilot. The Exchange believes that extending the Penny Pilot will allow for further analysis of the Penny Pilot and a determination of how the program should be structured in the future. --------------------------------------------------------------------------- \4\ The options exchanges in the U.S. that have pilot programs similar to the Penny Pilot (together ``pilot programs'') are currently working on a proposal for permanent approval of the respective pilot programs. --------------------------------------------------------------------------- Under the Penny Pilot, the minimum price variation for all participating options classes, except for the Nasdaq-100 Index Tracking Stock (``QQQQ''), the SPDR S&P 500 Exchange Traded Fund (``SPY'') and the iShares Russell 2000 Index Fund (``IWM''), is $0.01 for all quotations in options series that are quoted at less than $3 per contract and $0.05 for all quotations in options series that are quoted at $3 per contract or greater. QQQQ, SPY and IWM are quoted in $0.01 increments for all options series. The Penny Pilot is currently scheduled to expire on December 31, 2017.\5\ --------------------------------------------------------------------------- \5\ See Securities Exchange Act Release No. 80755 (May 24, 2017), 82 FR 25025 (May 31, 2017) (SR-Phlx-2017-36). --------------------------------------------------------------------------- The Exchange proposes to extend the time period of the Penny Pilot through June 30, 2018 or the date of permanent approval, if earlier, and to provide a revised date for adding replacement [[Page 61352]] issues to the Penny Pilot. The Exchange proposes that any Penny Pilot Program issues that have been delisted may be replaced on the second trading day following January 1, 2018. The replacement issues will be selected based on trading activity in the previous six months.\6\ --------------------------------------------------------------------------- \6\ The replacement issues will be announced to the Exchange's membership via an Options Trader Alert (OTA) posted on the Exchange's website. Penny Pilot replacement issues will be selected based on trading activity in the previous six months, as is the case today. The replacement issues would be identified based on The Options Clearing Corporation's trading volume data. For example, for the January replacement, trading volume from May 30, 2017 through November 30, 2017 would be analyzed. The month immediately preceding the replacement issues' addition to the Pilot Program (i.e., December) would not be used for purposes of the six-month analysis. --------------------------------------------------------------------------- This filing does not propose any substantive changes to the Penny Pilot Program; all classes currently participating in the Penny Pilot will remain the same and all minimum increments will remain unchanged. The Exchange believes the benefits to public customers and other market participants who will be able to express their true prices to buy and sell options have been demonstrated to outweigh the potential increase in quote traffic. 2. Statutory Basis The Exchange believes that its proposal is consistent with Section 6(b) of the Act,\7\ in general, and furthers the objectives of Section 6(b)(5) of the Act,\8\ in particular, in that 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 facilitating transactions in securities, and 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. --------------------------------------------------------------------------- \7\ 15 U.S.C. 78f(b). \8\ 15 U.S.C. 78f(b)(5). --------------------------------------------------------------------------- In particular, the proposed rule change, which extends the Penny Pilot for an additional six months through June 30, 2018 or the date of permanent approval, if earlier, and changes the date for replacing Penny Pilot issues that were delisted to the second trading day following January 1, 2018, will enable public customers and other market participants to express their true prices to buy and sell options for the benefit of all market participants. This is consistent with the Act. 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 not necessary or appropriate in furtherance of the purposes of the Act. To the contrary, this proposal is pro-competitive because it allows Penny Pilot issues to continue trading on the Exchange. Moreover, the Exchange believes that the proposed rule change will allow for further analysis of the Pilot and a determination of how the Pilot should be structured in the future; and will serve to promote regulatory clarity and consistency, thereby reducing burdens on the marketplace and facilitating investor protection. The Pilot is an industry-wide initiative supported by all other option exchanges. The Exchange believes that extending the Pilot will allow for continued competition between market participants on the Exchange trading similar products as their counterparts on other exchanges, while at the same time allowing the Exchange to continue to compete for order flow with other exchanges in option issues trading as part of the Pilot. C. Self-Regulatory Organization's Statement on Comments on the Proposed Rule Change Received From Members, Participants, or Others No written comments were either solicited or received. III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action The Exchange has filed the proposed rule change pursuant to Section 19(b)(3)(A)(iii) of the Act \9\ and Rule 19b-4(f)(6) thereunder.\10\ 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 prior to 30 days from the date on which it was filed, or such shorter time as the Commission may designate, if consistent with the protection of investors and the public interest, the proposed rule change has become effective pursuant to Section 19(b)(3)(A) of the Act and Rule 19b- 4(f)(6)(iii) thereunder. --------------------------------------------------------------------------- \9\ 15 U.S.C. 78s(b)(3)(A)(iii). \10\ 17 CFR 240.19b-4(f)(6). --------------------------------------------------------------------------- A proposed rule change filed under Rule 19b-4(f)(6) \11\ normally does not become operative prior to 30 days after the date of the filing.\12\ However, pursuant to Rule 19b-4(f)(6)(iii),\13\ the Commission may 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 waiving the 30-day operative delay is consistent with the protection of investors and the public interest because doing so will allow the Pilot Program to continue without interruption in a manner that is consistent with the Commission's prior approval of the extension and expansion of the Pilot Program and will allow the Exchange and the Commission additional time to analyze the impact of the Pilot Program. Accordingly, the Commission designates the proposed rule change as operative upon filing with the Commission.\14\ --------------------------------------------------------------------------- \11\ 17 CFR 240.19b-4(f)(6). \12\ 17 CFR 240.19b-4(f)(6). In addition, Rule 19b-4(f)(6)(iii) requires the Exchange to give the Commission written notice of the Exchange's 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. The Exchange has satisfied this pre-filing requirement. \13\ 17 CFR 240.19b-4(f)(6)(iii). \14\ For purposes only of waiving the operative delay for this proposal, the Commission has 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 such 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 under Section 19(b)(2)(B) \15\ of the Act to determine whether the proposed rule change should be approved or disapproved. --------------------------------------------------------------------------- \15\ 15 U.S.C. 78s(b)(2)(B). --------------------------------------------------------------------------- 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 CommentsUse the Commission's internet comment form (http://www.sec.gov/rules/sro.shtml); or [[Page 61353]] Send an email to [email protected]. Please include File Number SR-Phlx-2017-104 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-Phlx-2017-104. 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 website (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 website 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. Persons submitting comments are cautioned that we do not redact or edit personal identifying information from comment submissions. You should submit only information that you wish to make available publicly. All submissions should refer to File Number SR-Phlx-2017-104 and should be submitted on or before January 17, 2018. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\16\ --------------------------------------------------------------------------- \16\ 17 CFR 200.30-3(a)(12). --------------------------------------------------------------------------- Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2017-27831 Filed 12-26-17; 8:45 am] BILLING CODE 8011-01-P
![Federal Register / Vol. 82, No. 247 / Wednesday, December 27, 2017 / Notices 61351
or in connection with a Co-Investment below, which Items have been prepared replacement issues may be added to the
Transaction other than (i) in the case of by the Exchange. The Commission is pilot on the second trading day
the Regulated Funds, the Affiliated publishing this notice to solicit following January 1, 2018[July 1, 2017].
Funds and the Capital Markets comments on the proposed rule change (C) No Change.
Affiliates, the pro rata transaction fees from interested persons. (ii)–(v) No Change.
described above and fees or other I. Self-Regulatory Organization’s * * * * *
compensation described in Condition Statement of the Terms of Substance of
the Proposed Rule Change II. Self-Regulatory Organization’s
2(c)(iii)(B)(z), (ii) brokerage or
The Exchange proposes to amend Statement of the Purpose of, and
underwriting compensation permitted
Phlx Rule 1034 (Minimum Increments)3 Statutory Basis for, the Proposed Rule
by Section 17(e) or 57(k) or (iii) in the
to extend through June 30, 2018 or the Change
case of the Advisers, investment
advisory compensation paid in date of permanent approval, if earlier, In its filing with the Commission, the
accordance with investment advisory the Penny Pilot Program in options Exchange included statements
agreements between the applicable classes in certain issues (‘‘Penny Pilot’’ concerning the purpose of and basis for
Regulated Fund(s) or Affiliated Fund(s) or ‘‘Pilot’’), and to change the date when the proposed rule change and discussed
and its Adviser. delisted classes may be replaced in the any comments it received on the
15. Independence. If the Holders own Penny Pilot. proposed rule change. The text of these
in the aggregate more than 25 percent of The text of the proposed rule change statements may be examined at the
the Shares of a Regulated Fund, then the is set forth below. Proposed new places specified in Item IV below. The
Holders will vote such Shares as language is underlined; deleted text is Exchange has prepared summaries, set
directed by an independent third party in brackets. forth in sections A, B, and C below, of
when voting on (1) the election of * * * * * the most significant aspects of such
directors; (2) the removal of one or more statements.
Nasdaq PHLX Rules
directors; or (3) any other matter under A. Self-Regulatory Organization’s
either the Act or applicable State law Options Rules
Statement of the Purpose of, and
affecting the Board’s composition, size * * * * * Statutory Basis for, the Proposed Rule
or manner of election. Change
16. Capital Markets Affiliates. The Rule 1034. Minimum Increments
Capital Markets Affiliates will not be (a) Except as provided in sub- 1. Purpose
permitted to invest in a Potential Co- paragraphs (i)(B) and (iii) below, all The purpose of this filing is to amend
Investment Transaction except to the options on stocks, index options, and Phlx Rule 1034 to extend the Penny
extent the aggregate Internal Orders for Exchange Traded Fund Shares quoting Pilot through June 30, 2018 or the date
a Potential Co-Investment Transaction, in decimals at $3.00 or higher shall have of permanent approval, if earlier,4 and
as described in Section III.A.1.b. of the a minimum increment of $.10, and all to change the date when delisted classes
application, are less than the total options on stocks and index options may be replaced in the Penny Pilot. The
investment opportunity. quoting in decimals under $3.00 shall Exchange believes that extending the
For the Commission, by the Division of have a minimum increment of $.05. Penny Pilot will allow for further
Investment Management, under delegated (i)(A) No Change. analysis of the Penny Pilot and a
authority. (B) For a pilot period scheduled to determination of how the program
Eduardo A. Aleman, expire June 30, 2018[December 31, should be structured in the future.
Assistant Secretary. 2017] or the date of permanent Under the Penny Pilot, the minimum
[FR Doc. 2017–27825 Filed 12–26–17; 8:45 am] approval, if earlier (the ‘‘pilot’’), certain price variation for all participating
BILLING CODE 8011–01–P
options shall be quoted and traded on options classes, except for the Nasdaq-
the Exchange in minimum increments 100 Index Tracking Stock (‘‘QQQQ’’),
of $0.01 for all series in such options the SPDR S&P 500 Exchange Traded
SECURITIES AND EXCHANGE with a price of less than $3.00, and in Fund (‘‘SPY’’) and the iShares Russell
COMMISSION minimum increments of $0.05 for all 2000 Index Fund (‘‘IWM’’), is $0.01 for
series in such options with a price of all quotations in options series that are
[Release No. 34–82370; File No. SR–Phlx– $3.00 or higher, except that options
2017–104] quoted at less than $3 per contract and
overlying the PowerShares QQQ Trust $0.05 for all quotations in options series
Self-Regulatory Organizations; Nasdaq (‘‘QQQQ’’)®, SPDR S&P 500 Exchange that are quoted at $3 per contract or
PHLX LLC; Notice of Filing and Traded Funds (‘‘SPY’’), and iShares greater. QQQQ, SPY and IWM are
Immediate Effectiveness of Proposed Russell 2000 Index Funds (‘‘IWM’’) quoted in $0.01 increments for all
Rule Change To Extend the Penny shall be quoted and traded in minimum options series. The Penny Pilot is
Pilot Program increments of $0.01 for all series currently scheduled to expire on
regardless of the price. A list of such December 31, 2017.5
December 20, 2017. options shall be communicated to The Exchange proposes to extend the
Pursuant to Section 19(b)(1) of the membership via an Options Trader Alert time period of the Penny Pilot through
Securities Exchange Act of 1934 (‘‘OTA’’) posted on the Exchange’s June 30, 2018 or the date of permanent
(‘‘Act’’),1 and Rule 19b-4 thereunder,2 website. approval, if earlier, and to provide a
notice is hereby given that on December The Exchange may replace any pilot revised date for adding replacement
12, 2017, Nasdaq PHLX LLC (‘‘Phlx’’ or issues that have been delisted with the
daltland on DSKBBV9HB2PROD with NOTICES
‘‘Exchange’’) filed with the Securities next most actively traded multiply 4 The options exchanges in the U.S. that have
and Exchange Commission (‘‘SEC’’ or listed options classes that are not yet pilot programs similar to the Penny Pilot (together
‘‘Commission’’) the proposed rule ‘‘pilot programs’’) are currently working on a
included in the pilot, based on trading proposal for permanent approval of the respective
change as described in Items I and II, activity in the previous six months. The pilot programs.
5 See Securities Exchange Act Release No. 80755
1 15 U.S.C. 78s(b)(1). 3 References herein to rules refer to rules of Phlx, (May 24, 2017), 82 FR 25025 (May 31, 2017) (SR–
2 17 CFR 240.19b–4. unless otherwise noted. Phlx–2017–36).
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![Federal Register / Vol. 82, No. 247 / Wednesday, December 27, 2017 / Notices 61353
• Send an email to rule-comments@ SECURITIES AND EXCHANGE Strategies LLC (‘‘Lattice’’), a Delaware
sec.gov. Please include File Number SR– COMMISSION limited liability company, each
Phlx–2017–104 on the subject line. registered as an investment adviser
[Investment Company Act Release No.
32944; 812–14564]
under the Investment Advisers Act of
Paper Comments 1940 (each, an ‘‘Adviser’’ and together
• Send paper comments in triplicate The Hartford Mutual Funds, Inc., et al. with the Companies, the ‘‘Applicants’’).
to Secretary, Securities and Exchange FILING DATES: The application was filed
December 20, 2017. October 13, 2015, and amended on
Commission, 100 F Street NE, AGENCY: Securities and Exchange March 21, 2016, September 30, 2016,
Washington, DC 20549–1090. Commission (‘‘Commission’’). February 10, 2017, and November 14,
All submissions should refer to File ACTION: Notice. 2017.
Number SR–Phlx–2017–104. This file HEARING OR NOTIFICATION OF HEARING: An
Notice of an application under
number should be included on the Section 6(c) of the Investment Company order granting the application will be
subject line if email is used. To help the Act of 1940 (‘‘Act’’) for an exemption issued unless the Commission orders a
Commission process and review your from Section 15(a) of the Act and Rule hearing. Interested persons may request
comments more efficiently, please use 18f–2 under the Act, as well as from a hearing by writing to the
only one method. The Commission will certain disclosure requirements in Rule Commission’s Secretary and serving
post all comments on the Commission’s 20a–1 under the Act, Item 19(a)(3) of applicants with a copy of the request,
internet website (http://www.sec.gov/ Form N–1A, Items 22(c)(1)(ii), personally or by mail. Hearing requests
rules/sro.shtml). 22(c)(1)(iii), 22(c)(8) and 22(c)(9) of should be received by the Commission
Schedule 14A under the Securities by 5:30 p.m. on January 15, 2018, and
Copies of the submission, all should be accompanied by proof of
subsequent amendments, all written Exchange Act of 1934, and Sections 6–
07(2)(a), (b), and (c) of Regulation S–X service on the applicants, in the form of
statements with respect to the proposed an affidavit or, for lawyers, a certificate
rule change that are filed with the (‘‘Disclosure Requirements’’). The
requested exemption would permit an of service. Pursuant to Rule 0–5 under
Commission, and all written the Act, hearing requests should state
investment adviser to hire and replace
communications relating to the the nature of the writer’s interest, any
certain sub-advisers without
proposed rule change between the shareholder approval and grant relief facts bearing upon the desirability of a
Commission and any person, other than from the Disclosure Requirements as hearing on the matter, the reason for the
those that may be withheld from the they relate to fees paid to the sub- request, and the issues contested.
public in accordance with the advisers. The order would supersede a Persons who wish to be notified of a
provisions of 5 U.S.C. 552, will be prior order.1 hearing may request notification by
available for website viewing and APPLICANTS: The Hartford Mutual
writing to the Commission’s Secretary.
printing in the Commission’s Public Funds, Inc.; The Hartford Mutual Funds ADDRESSES: Secretary, U.S. Securities
Reference Room, 100 F Street NE, II, Inc.; Hartford Series Fund, Inc.; and Exchange Commission, 100 F Street
Washington, DC 20549, on official Hartford HLS Series Fund II, Inc.; NE, Washington, DC 20549–1090.
business days between the hours of Hartford Funds Exchange-Traded Trust; Applicants: Walter F. Garger, Hartford
10:00 a.m. and 3:00 p.m. Copies of the Hartford Funds NextShares Trust; and Funds Management Company, LLC and
filing also will be available for Hartford Funds Master Trust Lattice Strategies LLC, 690 Lee Road,
inspection and copying at the principal (collectively, the ‘‘Hartford Wayne, PA 19087; and Brenda J. Page,
office of the Exchange. All comments Companies’’), each either a Maryland Hartford Investment Management
received will be posted without change. corporation or a Delaware statutory trust Company, One Hartford Plaza, Hartford,
Persons submitting comments are registered under the Act as an open-end CT 06155.
cautioned that we do not redact or edit management investment company with FOR FURTHER INFORMATION CONTACT:
personal identifying information from multiple series, and each of HIMCO Stephan N. Packs, Senior Counsel, at
comment submissions. You should Variable Insurance Trust (‘‘HVI Trust’’) (202) 551–6853, or David J. Marcinkus,
submit only information that you wish and Lattice Strategies Trust (‘‘LS Branch Chief, at (202) 551–6825
Trust’’), each a Delaware statutory trust (Division of Investment Management,
to make available publicly.
and each also registered under the Act Chief Counsel’s Office).
All submissions should refer to File as an open-end management investment SUPPLEMENTARY INFORMATION: The
Number SR–Phlx–2017–104 and should company with multiple series (together, following is a summary of the
be submitted on or before January 17, the ‘‘Trusts’’ and collectively with the application. The complete application
2018. Hartford Companies, the ‘‘Companies’’); may be obtained via the Commission’s
For the Commission, by the Division of Hartford Funds Management Company, website by searching for the file number
Trading and Markets, pursuant to delegated LLC (‘‘HFMC’’), a Delaware limited of an applicant using the Company
authority.16 liability company; Hartford Investment name box, at http://www.sec.gov/
Management Company (‘‘HIMCO’’), a search/search.htm or by calling (202)
Eduardo A. Aleman,
Delaware corporation; and Lattice 551–8090.
Assistant Secretary.
[FR Doc. 2017–27831 Filed 12–26–17; 8:45 am] 1 In the Matter of Fortis Series Fund, Inc. and Summary of the Application
BILLING CODE 8011–01–P Fortis Advisers, Inc., Investment Company Act 1. HFMC will serve as the investment
daltland on DSKBBV9HB2PROD with NOTICES
Release Nos. 24158 (November 23, 1999) (notice)
and 24211 (December 21, 1999) (order) (the ‘‘Prior
adviser to the Hartford Companies,
Order’’). If the requested order is granted, Sub- HIMCO will serve as the investment
Advised Series currently relying on the Prior Order adviser to the HVI Trust, and Lattice
may continue to do so, other than with respect to will serve as the investment adviser to
Wholly-Owned Subadvisers. Shareholder approval
shall be required before such Series can rely on the
the LS Trust, pursuant to an investment
relief requested with respect to Wholly-Owned advisory agreement with, respectively,
16 17 CFR 200.30–3(a)(12). Subadvisers. the Hartford Companies, the HVI Trust,
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Document Created: 2017-12-27 02:22:49
Document Modified: 2017-12-27 02:22:49
| Category | Regulatory Information | |
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| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
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| FR Citation | 82 FR 61351 |
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