83 FR 26531 - Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Amend a Representation Made in a Proposed Rule Change Previously Approved by the Commission Relating to the Listing and Trading of the iShares Inflation Hedged Corporate Bond ETF
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 83, Issue 110 (June 7, 2018)
Federal Register Volume 83, Issue 110 (June 7, 2018)
| Page Range | 26531-26533 | |
| FR Document | 2018-12196 |
[Federal Register Volume 83, Number 110 (Thursday, June 7, 2018)] [Notices] [Pages 26531-26533] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-12196] [[Page 26531]] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-83363; File No. SR-CboeBZX-2018-036] Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Amend a Representation Made in a Proposed Rule Change Previously Approved by the Commission Relating to the Listing and Trading of the iShares Inflation Hedged Corporate Bond ETF June 1, 2018. 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 May 24, 2018, Cboe BZX Exchange, Inc. (the ``Exchange'' or ``BZX'') filed with the Securities and Exchange Commission (``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 filed a proposal to amend a representation made in a proposed rule change previously approved by the Commission relating to the listing and trading of the iShares Inflation Hedged Corporate Bond ETF (the ``Fund''). The text of the proposed rule change is available at the Exchange's website at www.markets.cboe.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 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 parts of such statements. A. Self-Regulatory Organization's Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Purpose The shares of the Fund (the ``Shares'') were approved for listing and trading on the Exchange under Rule 14.11(i), which governs the listing and trading of Managed Fund Shares.\3\ The Shares have commenced trading on the Exchange. The Fund is a series of the iShares U.S. ETF Trust (the ``Trust''), which was established as a Delaware statutory trust on June 21, 2011. BlackRock Fund Advisors (the ``Adviser'') is the investment adviser to the Fund. The Trust is registered with the Commission as an open-end management investment company and has filed a registration statement on behalf of the Fund on Form N-1A (``Registration Statement'') with the Commission.\4\ --------------------------------------------------------------------------- \3\ See Securities Exchange Act Release No. 82591 (January 26, 2018), 83 FR 4707 (February 1, 2018) (SR-BatsBZX-2017-54) (the ``Approval Order''). \4\ See Registration Statement on Form N-1A for the Trust, dated April 6, 2018 (File Nos. 333-179904 and 811-22649). The descriptions of the Fund and the Shares contained herein are based, in part, on information in the Registration Statement. The Commission has issued an order granting certain exemptive relief to the Company under the Investment Company Act of 1940 (15 U.S.C. 80a-1) (``1940 Act'') (the ``Exemptive Order''). See Investment Company Act Release No. 29571 (January 24, 2011) (File No. 812-13601). --------------------------------------------------------------------------- The Exchange proposes to amend a representation made in the Approval Order such that the representation that limits Fund holdings in Inflation Hedging Instruments \5\ to 50% of the weight of its portfolio (including gross notional exposure) would instead limit the Fund's holdings in Inflation Hedging Instruments to 60% of the weight of its portfolio (including gross notional exposure). While the Fund generally expects to have approximately 50% of the weight of its portfolio (including gross notional exposure) in Inflation Hedging Instruments, the Adviser would prefer to allow the Fund the flexibility to increase to 60% in order to allow for potential market movement in the Fund's holdings. Specifically, the Exchange is proposing to change the sentence that reads: --------------------------------------------------------------------------- \5\ As defined in the Approval Order, Inflation Hedging Instruments include only the following instruments: OTC or listed inflation swaps (i.e., contracts in which the Fund will make fixed- rate payments based on notional amount while receiving floating-rate payments determined from an inflation index), Treasury Inflation- Protected Securities, total return swaps, credit default swaps, interest rate swaps, and U.S. Treasury futures. The Exchange is proposing to allow the Fund to hold up to 50% of the weight of its portfolio (including gross notional exposure) in Inflation Hedging Instruments, collectively, in a manner that may not comply with Rules 14.11(i)(4)(C)(iv)(a), 14.11(i)(4)(C)(iv)(b), --------------------------------------------------------------------------- and/or 14.11(i)(4)(C)(v), as discussed above. The Exchange is proposing to replace that sentence with the following: The Exchange is proposing to allow the Fund to hold up to 60% of the weight of its portfolio (including gross notional exposure) in Inflation Hedging Instruments, collectively, in a manner that may not comply with Rules 14.11(i)(4)(C)(iv)(a), 14.11(i)(4)(C)(iv)(b), and/or 14.11(i)(4)(C)(v), as discussed above. The Exchange believes that this proposed change is a non- controversial change because it is intended only to provide the Adviser with additional flexibility within the Fund's portfolio to hedge inflation risk associated with its exposure to corporate bonds. The Fund's investment objective and investment strategy are not changing. Further to this point, all other representations in the Approval Order that constitute Continued Listing Representations \6\ for the Fund remain true and will apply on a continuous basis, consistent with Rule 14.11 and the proposed change to the representation above will be a Continued Listing Representation for the Fund going forward. The Exchange also notes that the statements in the filing that formed the basis for the Commission approving the Fund for listing and trading remain true. As such, the Exchange believes that the proposal does not raise any substantive issues that were not previously addressed in the Approval Order. --------------------------------------------------------------------------- \6\ As defined in Rule 14.11(a), the term ``Continued Listing Representations'' means any of the statements or representations regarding the index composition, the description of the portfolio or reference assets, limitations on portfolio holdings or reference assets, dissemination and availability of index, reference asset, and intraday indicative values (as applicable), or the applicability of Exchange listing rules specified in any filing to list a series of Other Securities. --------------------------------------------------------------------------- 2. Statutory Basis The Exchange believes that the proposal is consistent with Section 6(b) of the Act \7\ in general and 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 remove impediments to, and perfect the mechanism of a free and open market and, in general, to protect investors and the public interest. Specifically, the Exchange believes that the proposal is designed to prevent fraudulent and manipulative acts and [[Page 26532]] practices, to promote just and equitable principles of trade, to remove impediments to, and perfect the mechanism of a free and open market and, in general, to protect investors and the public interest. --------------------------------------------------------------------------- \7\ 15 U.S.C. 78f. \8\ 15 U.S.C. 78f(b)(5). --------------------------------------------------------------------------- As described above, all of the Continued Listing Representations which formed the basis for the Commission approving the Approval Order remain true and will continue to constitute Continued Listing Representations for the Fund with the exception of the single representation that the Exchange is proposing to amend, which, as amended, will be a Continued Listing Representation for the Fund going forward. This proposed change will only provide the Adviser with additional flexibility within the Fund's portfolio to hedge inflation risk associated with its exposure to corporate bonds. The Fund's investment objective and investment strategy are not changing. As such, the Exchange believes that the proposal does not raise any substantive issues that were not previously addressed in the Approval Order. Based on the foregoing, the Exchange believes that the proposal is designed to prevent fraudulent and manipulative acts and practices, to promote just and equitable principles of trade, 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 because there are no substantive issues raised by this proposal that were not otherwise addressed by the Approval Order. 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 Act. The Exchange believes that adding the flexibility to fully implement the Fund's hedging strategy will have no impact on competition. C. Self-Regulatory Organization's Statement on Comments on the Proposed Rule Change Received From Members, Participants or Others The Exchange has neither solicited nor received written comments on the proposed rule change. III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action Because the foregoing 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)(iii) of the Act \9\ and subparagraph (f)(6) of Rule 19b-4 thereunder.\10\ --------------------------------------------------------------------------- \9\ 15 U.S.C. 78s(b)(3)(A)(iii). \10\ 17 CFR 240.19b-4(f)(6). In addition, Rule 19b-4(f)(6) requires a self-regulatory organization to give the Commission written notice of its intent to file 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 requirement. --------------------------------------------------------------------------- A proposed rule change filed pursuant to Rule 19b-4(f)(6) under the Act \11\ normally does not become operative for 30 days after the date of its filing. However, Rule 19b-4(f)(6)(iii) \12\ 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 proposed rule change may become effective and operative immediately upon filing. The Exchange states that waiver of the operative delay would permit the Adviser of the Fund to immediately employ the Adviser's strategy for hedging against inflation risk. According to the Exchange, this hedging strategy will best allow the Fund to achieve its investment objective and employ its investment strategy. --------------------------------------------------------------------------- \11\ 17 CFR 240.19b-4(f)(6). \12\ 17 CFR 240.19b-4(f)(6)(iii). --------------------------------------------------------------------------- The Commission believes that waiving the 30-day operative delay is consistent with the protection of investors and the public interest. The proposal raises no new novel issues. Moreover, as the noted above, apart from increasing the Fund's holdings in Inflation Hedging Instruments to 60% of the weight of its portfolio (including gross notional exposure), all other representations in the Approval Order that constitute Continued Listing Representations for the Fund would remain true and will apply on a continuous basis. Further, the proposed change to the representation above will be a Continued Listing Representation for the Fund going forward. Accordingly, the Commission hereby waives the operative delay and designates the proposal operative upon filing.\13\ --------------------------------------------------------------------------- \13\ 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: (i) Necessary or appropriate in the public interest; (ii) for the protection of investors; or (iii) 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 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 proposal 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 Send an email to rule-comments@sec.gov. Please include File Number SR-CboeBZX-2018-036 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-CboeBZX-2018-036. 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 will also 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 [[Page 26533]] submit only information that you wish to make available publicly. All submissions should refer to File Number SR-CboeBZX-2018-036 and should be submitted on or before June 28, 2018. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\14\ --------------------------------------------------------------------------- \14\ 17 CFR 200.30-3(a)(12). --------------------------------------------------------------------------- Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2018-12196 Filed 6-6-18; 8:45 am] BILLING CODE 8011-01-P
![Federal Register / Vol. 83, No. 110 / Thursday, June 7, 2018 / Notices 26531
SECURITIES AND EXCHANGE A. Self-Regulatory Organization’s in Inflation Hedging Instruments,
COMMISSION Statement of the Purpose of, and collectively, in a manner that may not
Statutory Basis for, the Proposed Rule comply with Rules 14.11(i)(4)(C)(iv)(a),
14.11(i)(4)(C)(iv)(b), and/or 14.11(i)(4)(C)(v),
[Release No. 34–83363; File No. SR– Change
as discussed above.
CboeBZX–2018–036] 1. Purpose The Exchange is proposing to replace
The shares of the Fund (the ‘‘Shares’’) that sentence with the following:
Self-Regulatory Organizations; Cboe
BZX Exchange, Inc.; Notice of Filing were approved for listing and trading on The Exchange is proposing to allow the
the Exchange under Rule 14.11(i), Fund to hold up to 60% of the weight of its
and Immediate Effectiveness of a
which governs the listing and trading of portfolio (including gross notional exposure)
Proposed Rule Change to Amend a
Managed Fund Shares.3 The Shares in Inflation Hedging Instruments,
Representation Made in a Proposed collectively, in a manner that may not
have commenced trading on the
Rule Change Previously Approved by comply with Rules 14.11(i)(4)(C)(iv)(a),
Exchange. The Fund is a series of the
the Commission Relating to the Listing 14.11(i)(4)(C)(iv)(b), and/or 14.11(i)(4)(C)(v),
iShares U.S. ETF Trust (the ‘‘Trust’’),
and Trading of the iShares Inflation as discussed above.
which was established as a Delaware
Hedged Corporate Bond ETF The Exchange believes that this
statutory trust on June 21, 2011.
June 1, 2018. BlackRock Fund Advisors (the proposed change is a non-controversial
‘‘Adviser’’) is the investment adviser to change because it is intended only to
Pursuant to Section 19(b)(1) of the the Fund. The Trust is registered with provide the Adviser with additional
Securities Exchange Act of 1934 the Commission as an open-end flexibility within the Fund’s portfolio to
(‘‘Act’’),1 and Rule 19b–4 thereunder,2 management investment company and hedge inflation risk associated with its
notice is hereby given that on May 24, has filed a registration statement on exposure to corporate bonds. The
2018, Cboe BZX Exchange, Inc. (the behalf of the Fund on Form N–1A Fund’s investment objective and
‘‘Exchange’’ or ‘‘BZX’’) filed with the (‘‘Registration Statement’’) with the investment strategy are not changing.
Securities and Exchange Commission Commission.4 Further to this point, all other
(‘‘Commission’’) the proposed rule The Exchange proposes to amend a representations in the Approval Order
change as described in Items I and II representation made in the Approval that constitute Continued Listing
below, which Items have been prepared Order such that the representation that Representations 6 for the Fund remain
by the Exchange. The Commission is limits Fund holdings in Inflation true and will apply on a continuous
publishing this notice to solicit Hedging Instruments 5 to 50% of the basis, consistent with Rule 14.11 and
comments on the proposed rule change weight of its portfolio (including gross the proposed change to the
from interested persons. notional exposure) would instead limit representation above will be a
I. Self-Regulatory Organization’s the Fund’s holdings in Inflation Continued Listing Representation for
Statement of the Terms of Substance of Hedging Instruments to 60% of the the Fund going forward. The Exchange
the Proposed Rule Change weight of its portfolio (including gross also notes that the statements in the
notional exposure). While the Fund filing that formed the basis for the
The Exchange filed a proposal to generally expects to have approximately Commission approving the Fund for
amend a representation made in a 50% of the weight of its portfolio listing and trading remain true. As such,
proposed rule change previously (including gross notional exposure) in the Exchange believes that the proposal
approved by the Commission relating to Inflation Hedging Instruments, the does not raise any substantive issues
the listing and trading of the iShares Adviser would prefer to allow the Fund that were not previously addressed in
Inflation Hedged Corporate Bond ETF the flexibility to increase to 60% in the Approval Order.
(the ‘‘Fund’’). order to allow for potential market
2. Statutory Basis
movement in the Fund’s holdings.
The text of the proposed rule change The Exchange believes that the
Specifically, the Exchange is proposing
is available at the Exchange’s website at proposal is consistent with Section 6(b)
to change the sentence that reads:
www.markets.cboe.com, at the principal of the Act 7 in general and Section
office of the Exchange, and at the The Exchange is proposing to allow the
Fund to hold up to 50% of the weight of its 6(b)(5) of the Act 8 in particular in that
Commission’s Public Reference Room. it is designed to prevent fraudulent and
portfolio (including gross notional exposure)
II. Self-Regulatory Organization’s manipulative acts and practices, to
Statement of the Purpose of, and 3 See Securities Exchange Act Release No. 82591 promote just and equitable principles of
Statutory Basis for, the Proposed Rule (January 26, 2018), 83 FR 4707 (February 1, 2018) trade, to remove impediments to, and
(SR–BatsBZX–2017–54) (the ‘‘Approval Order’’). perfect the mechanism of a free and
Change 4 See Registration Statement on Form N–1A for
the Trust, dated April 6, 2018 (File Nos. 333–
open market and, in general, to protect
In its filing with the Commission, the 179904 and 811–22649). The descriptions of the investors and the public interest.
Exchange included statements Fund and the Shares contained herein are based, in Specifically, the Exchange believes that
concerning the purpose of and basis for part, on information in the Registration Statement. the proposal is designed to prevent
the proposed rule change and discussed The Commission has issued an order granting
certain exemptive relief to the Company under the
fraudulent and manipulative acts and
any comments it received on the Investment Company Act of 1940 (15 U.S.C. 80a–
proposed rule change. The text of these 1) (‘‘1940 Act’’) (the ‘‘Exemptive Order’’). See 6 As defined in Rule 14.11(a), the term
statements may be examined at the Investment Company Act Release No. 29571 ‘‘Continued Listing Representations’’ means any of
(January 24, 2011) (File No. 812–13601). the statements or representations regarding the
places specified in Item IV below. The
sradovich on DSK3GMQ082PROD with NOTICES
5 As defined in the Approval Order, Inflation index composition, the description of the portfolio
Exchange has prepared summaries, set Hedging Instruments include only the following or reference assets, limitations on portfolio holdings
forth in Sections A, B, and C below, of instruments: OTC or listed inflation swaps (i.e., or reference assets, dissemination and availability
the most significant parts of such contracts in which the Fund will make fixed-rate of index, reference asset, and intraday indicative
payments based on notional amount while values (as applicable), or the applicability of
statements. Exchange listing rules specified in any filing to list
receiving floating-rate payments determined from
an inflation index), Treasury Inflation-Protected a series of Other Securities.
1 15 U.S.C. 78s(b)(1). 7 15 U.S.C. 78f.
Securities, total return swaps, credit default swaps,
2 17 CFR 240.19b–4. interest rate swaps, and U.S. Treasury futures. 8 15 U.S.C. 78f(b)(5).
VerDate Sep<11>2014 17:19 Jun 06, 2018 Jkt 244001 PO 00000 Frm 00122 Fmt 4703 Sfmt 4703 E:\FR\FM\07JNN1.SGM 07JNN1](https://thefederalregister.org/doc/83_FR_26641/page/1.svg)
![Federal Register / Vol. 83, No. 110 / Thursday, June 7, 2018 / Notices 26533
submit only information that you wish Percent to become effective immediately.2
to make available publicly. All According to DCR, a lease and operation
submissions should refer to File For Physical Damage: agreement providing for its common
Number SR–CboeBZX–2018–036 and Homeowners With Credit Avail- carrier service on the Line is being
should be submitted on or before June able Elsewhere ...................... 3.625 finalized and executed.
Homeowners Without Credit
28, 2018. DCR states that the proposed lease
Available Elsewhere .............. 1.813
For the Commission, by the Division of Businesses With Credit Avail- and operation of the Line does not
Trading and Markets, pursuant to delegated able Elsewhere ...................... 7.160 involve any provision or agreement that
authority.14 Businesses Without Credit would limit future interchange with a
Eduardo A. Aleman, Available Elsewhere .............. 3.580
Non-Profit Organizations With
third-party connecting carrier. DCR
Assistant Secretary.
Credit Available Elsewhere ... 2.500 certifies that its projected annual
[FR Doc. 2018–12196 Filed 6–6–18; 8:45 am] Non-Profit Organizations With- revenues from freight operations will
BILLING CODE 8011–01–P out Credit Available Else- not result in the creation of a Class II or
where ..................................... 2.500 Class I rail carrier.
For Economic Injury:
Businesses & Small Agricultural Under 49 CFR 1150.42(b), a change in
Cooperatives Without Credit operators requires that notice be given
SMALL BUSINESS ADMINISTRATION
Available Elsewhere .............. 3.580 to shippers. DCR certifies that it has
Non-Profit Organizations With- provided notice of the proposed change
[Disaster Declaration #15544 and #15545; out Credit Available Else- in operator to the shippers on the Line.3
VIRGINIA Disaster Number VA–00071] where ..................................... 2.500
If the verified notice contains false or
Administrative Declaration of a The number assigned to this disaster misleading information, the exemption
Disaster for the Commonwealth of for physical damage is 15544C and for is void ab initio. Petitions to revoke the
VIRGINIA economic injury is 155450. exemption under 49 U.S.C. 10502(d)
The State which received an EIDL may be filed at any time. The filing of
AGENCY: U.S. Small Business a petition to revoke will not
Declaration # is Virginia.
Administration. automatically stay the effectiveness of
(Catalog of Federal Domestic Assistance
ACTION: Notice. Number 59008) the exemption.
Dated: May 30, 2018. An original and 10 copies of all
SUMMARY: This is a notice of an
Linda E. McMahon, pleadings, referring to Docket No. FD
Administrative declaration of a disaster
Administrator. 36196, must be filed with the Surface
for the Commonwealth of Virginia dated
Transportation Board, 395 E Street SW,
05/30/2018. [FR Doc. 2018–12185 Filed 6–6–18; 8:45 am]
Washington, DC 20423–0001. In
Incident: Severe Storm and BILLING CODE 8025–01–P
addition, a copy of each pleading must
Tornadoes.
be served on DCR’s representative,
Incident Period: 04/15/2018. Thomas J. Litwiler, Fletcher & Sippel
DATES: Issued on 05/30/2018.
SURFACE TRANSPORTATION BOARD
LLC, 29 North Wacker Drive, Suite 920,
Physical Loan Application Deadline [Docket No. FD 36196] Chicago, IL 60606–2832.
Date: 07/30/2018. According to DCR, this action is
Economic Injury (EIDL) Loan Delmarva Central Railroad Company—
Change in Operator Exemption— excluded from environmental review
Application Deadline Date: 03/04/2019. under 49 CFR 1105.6(c) and from
Cassatt Management, LLC d/b/a Bay
ADDRESSES: Submit completed loan historic preservation reporting
Coast Railroad
applications to: U.S. Small Business requirements under 49 CFR
Administration, Processing and Delmarva Central Railroad Company 1105.8(b)(1).
Disbursement Center, 14925 Kingsport (DCR), a Class III rail carrier, has filed
Board decisions and notices are
Road, Fort Worth, TX 76155. a verified notice of exemption under 49
available on our website at
FOR FURTHER INFORMATION CONTACT: A. CFR 1150.41 to assume operations over
WWW.STB.GOV.
Escobar, Office of Disaster Assistance, an approximately 14.8-mile rail line
owned by Canonie Atlantic Co. (CAC) Decided: June 4, 2018. By the Board, Scott
U.S. Small Business Administration,
on behalf of the Accomack- M. Zimmerman, Acting Director, Office of
409 3rd Street SW, Suite 6050,
Northampton Transportation District Proceedings.
Washington, DC 20416, (202) 205–6734.
Commission (ANTDC) from milepost Jeffrey Herzig,
SUPPLEMENTARY INFORMATION: Notice is 30.9 in Pocomoke City, Md., to milepost Clearance Clerk.
hereby given that as a result of the 45.7 in Hallwood, Va. (the Line).
Administrator’s disaster declaration, [FR Doc. 2018–12308 Filed 6–6–18; 8:45 am]
DCR states that the Line has been
applications for disaster loans may be operated by Cassatt Management, LLC BILLING CODE 4915–01–P
filed at the address listed above or other d/b/a Bay Coast Railroad (BCR).1 DCR
locally announced locations. states that BCR has ceased operation of
2 The petition for waiver will be addressed in a
The following areas have been separate decision.
the Line and does not object to the 3 DCR certifies that on May 17, 2018, it posted
determined to be adversely affected by proposed change in operators. DCR has notice of the transaction at the workplace of the
sradovich on DSK3GMQ082PROD with NOTICES
the disaster: concurrently filed a petition for waiver then-current BCR employees on the Line as
Primary Counties: Lynchburg City of the 30-day period specified under 49 required under 49 CFR 1150.42(e). DCR states that
BCR employees are not represented by any labor
Contiguous Counties: CFR 1150.42(b) to allow the exemption union. In addition to waiver of the 30-day effective
Virginia: Amherst, Bedford, Campbell. date requirement, DCR’s petition seeks waiver of
1 See Cassatt Management, LLC d/b/a Bay Coast the full 60-day labor notice requirement, in order
The Interest Rates are: R.R.—Lease & Operation Exemption—Canonie for the exemption to become effective immediately.
Atlantic Co. on behalf of ANTDC, FD 34818 (STB As noted above, the petition for waiver will be
14 17 CFR 200.30–3(a)(12). served Feb. 6, 2006). addressed in a separate decision.
VerDate Sep<11>2014 17:19 Jun 06, 2018 Jkt 244001 PO 00000 Frm 00124 Fmt 4703 Sfmt 9990 E:\FR\FM\07JNN1.SGM 07JNN1](https://thefederalregister.org/doc/83_FR_26641/page/3.svg)
Document Created: 2018-06-07 00:49:52
Document Modified: 2018-06-07 00:49:52
| 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 | 83 FR 26531 |
2024 Federal Register | Disclaimer | Privacy Policy
USC | CFR | eCFR