83_FR_32294 83 FR 32161 - Sunshine Act Meetings

83 FR 32161 - Sunshine Act Meetings

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 83, Issue 133 (July 11, 2018)

Page Range32161-32162
FR Document2018-14960

Federal Register, Volume 83 Issue 133 (Wednesday, July 11, 2018) 
[Federal Register Volume 83, Number 133 (Wednesday, July 11, 2018)]
[Notices]
[Pages 32161-32162]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-14960]


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SECURITIES AND EXCHANGE COMMISSION


Sunshine Act Meetings

TIME AND DATE: Notice is hereby given, pursuant to the provisions of 
the Government in the Sunshine Act, Public Law 94-409, that the 
Securities and Exchange Commission Fixed Income Market Structure 
Advisory Committee (``FIMSAC'') will hold a public meeting on Monday, 
July 16, 2018 at 9:30 a.m.

PLACE: The meeting will be held in Multi-Purpose Room LL-006 at the 
Commission's headquarters, 100 F Street NE, Washington, DC.

STATUS: The meeting will begin at 9:30 a.m. and will be open to the 
public. Seating will be on a first-come, first-served basis. Doors will 
open at 9:00 a.m. Visitors will be subject to security checks. The 
meeting will be webcast on the Commission's website at www.sec.gov.

MATTERS TO BE CONSIDERED: On June 20, 2018, the Commission published 
notice of the Committee meeting (Release No. 34-83475), indicating that 
the meeting is open to the public and inviting the public to submit 
written comments to the Committee. This Sunshine Act notice is being 
issued because a majority of the Commission may attend the meeting.

[[Page 32162]]

    The agenda for the meeting will include updates and presentations 
from the FIMSAC subcommittees.

CONTACT PERSON FOR MORE INFORMATION: For further information, please 
contact Brent J. Fields from the Office of the Secretary at (202) 551-
5400.

    Dated: July 9, 2018.
Brent J. Fields,
Secretary.
[FR Doc. 2018-14960 Filed 7-9-18; 4:15 pm]
 BILLING CODE 8011-01-P

Federal Register / Vol. 83, No. 133 / Wednesday, July 11, 2018 / Notices 32161 difference between Index Fund Shares (C) Self-Regulatory Organization’s provisions of 5 U.S.C. 552, will be and Managed Fund Shares is that Index Statement on Comments on the available for website viewing and Fund Shares are designed to track the Proposed Rule Change Received From printing in the Commission’s Public returns of an underlying index and Members, Participants or Others Reference Room, 100 F Street NE, Managed Fund Shares employ an The Exchange has neither solicited Washington, DC 20549 on official actively managed portfolio that is nor received written comments on the business days between the hours of designed to accomplish an investment proposed rule change. 10:00 a.m. and 3:00 p.m. Copies of the objective rather than tracking an index. filing also will be available for The Commission determined that such III. Date of Effectiveness of the inspection and copying at the principal generic listing standards were consistent Proposed Rule Change and Timing for office of the Exchange. All comments Commission Action received will be posted without change. with the Act in the Active Generics Approval Order and the Exchange Within 45 days of the date of Persons submitting comments are publication of this notice in the Federal cautioned that we do not redact or edit agrees with that determination and Register or within such longer period personal identifying information from further believes that it would be up to 90 days (i) as the Commission may comment submissions. You should consistent with the Act for compliance designate if it finds such longer period submit only information that you wish with the Generic Listing Standards to be to make available publicly. All evaluated based on either the series of to be appropriate and publishes its reasons for so finding or (ii) as to which submissions should refer to File Index Fund Shares underlying index Number SR–CboeBZX–2018–044 and constituents or portfolio holdings. the self-regulatory organization consents, the Commission will: should be submitted on or before In sum, the Exchange believes that by (A) by order approve or disapprove August 1, 2018. allowing a series of Index Fund Shares the proposed rule change, or For the Commission, by the Division of to comply with the Generic Listing (B) institute proceedings to determine Trading and Markets, pursuant to delegated Standards where either its portfolio whether the proposed rule change authority.8 holdings or index constituents meet the should be disapproved. Eduardo A. Aleman, Generic Listing Standards, the proposal Assistant Secretary. IV. Solicitation of Comments would provide issuers with significant [FR Doc. 2018–14752 Filed 7–10–18; 8:45 am] additional regulatory certainty related to Interested persons are invited to BILLING CODE 8011–01–P a fund’s ability to continue to be listed submit written data, views, and and traded on the Exchange pursuant to arguments concerning the foregoing, the Rule 19b–4(e), while simultaneously including whether the proposed rule SECURITIES AND EXCHANGE continuing to accomplish the policy change is consistent with the Act. COMMISSION goals underlying the Generic Listing Comments may be submitted by any of Standards. The Exchange believes that the following methods: Sunshine Act Meetings this proposal would enhance Electronic Comments TIME AND DATE: Notice is hereby given, competition among market participants, • Use the Commission’s internet pursuant to the provisions of the to the benefit of investors and the comment form (http://www.sec.gov/ Government in the Sunshine Act, Public marketplace. In addition, the proposed rules/sro.shtml); or Law 94–409, that the Securities and amendments would create greater • Send an email to rule-comments@ Exchange Commission Fixed Income investor confidence in exchange-traded sec.gov. Please include File Number SR– Market Structure Advisory Committee products generally because there will be CboeBZX–2018–044 on the subject line. (‘‘FIMSAC’’) will hold a public meeting a greater degree of certainty that Index on Monday, July 16, 2018 at 9:30 a.m. Fund Shares will not be subject to Paper Comments PLACE: The meeting will be held in regulatory action or delisting. • Send paper comments in triplicate Multi-Purpose Room LL–006 at the For the above reasons, the Exchange to Secretary, Securities and Exchange Commission’s headquarters, 100 F believes that the proposal is consistent Commission, 100 F Street NE, Street NE, Washington, DC. with the requirements of Section 6(b)(5) Washington, DC 20549–1090. STATUS: The meeting will begin at 9:30 of the Act. All submissions should refer to File a.m. and will be open to the public. Number SR–CboeBZX–2018–044. This (B) Self-Regulatory Organization’s Seating will be on a first-come, first- file number should be included on the Statement on Burden on Competition served basis. Doors will open at 9:00 subject line if email is used. To help the a.m. Visitors will be subject to security Commission process and review your The Exchange believes that the checks. The meeting will be webcast on comments more efficiently, please use proposed rule change would not impose the Commission’s website at only one method. The Commission will any burden on competition that is not www.sec.gov. post all comments on the Commission’s necessary or appropriate in furtherance internet website (http://www.sec.gov/ MATTERS TO BE CONSIDERED: On June 20, of the purposes of the Act. The rules/sro.shtml). Copies of the 2018, the Commission published notice proposed rule change would allow the submission, all subsequent of the Committee meeting (Release No. portfolio holdings for a series of Index amendments, all written statements 34–83475), indicating that the meeting Fund Shares to be used to determine with respect to the proposed rule is open to the public and inviting the daltland on DSKBBV9HB2PROD with NOTICES compliance with the Generic Listing change that are filed with the public to submit written comments to Standards in addition to the index Commission, and all written the Committee. This Sunshine Act constituents, which would enhance communications relating to the notice is being issued because a majority competition among market participants, proposed rule change between the of the Commission may attend the to the benefit of investors and the Commission and any person, other than meeting. marketplace. those that may be withheld from the public in accordance with the 8 17 CFR 200.30–3(a)(12). VerDate Sep<11>2014 16:26 Jul 10, 2018 Jkt 244001 PO 00000 Frm 00090 Fmt 4703 Sfmt 4703 E:\FR\FM\11JYN1.SGM 11JYN1

32162 Federal Register / Vol. 83, No. 133 / Wednesday, July 11, 2018 / Notices The agenda for the meeting will statements may be examined at the excludes the holdings of officers, include updates and presentations from places specified in Item IV below. The directors, controlling shareholders, and the FIMSAC subcommittees. Exchange has prepared summaries, set other concentrated (i.e. 10% or greater), CONTACT PERSON FOR MORE INFORMATION: forth in Sections A, B, and C below, of affiliated or family holdings (‘‘Public For further information, please contact the most significant parts of such Shareholders’’)) (a ‘‘Public Brent J. Fields from the Office of the statements. Distribution’’) of (i) at least 500,000 Secretary at (202) 551–5400. shares where there are at least 800 (A) Self-Regulatory Organization’s Public Shareholders, except that Dated: July 9, 2018. Statement of the Purpose of, and companies that are not banks whose Brent J. Fields, Statutory Basis for, the Proposed Rule securities are concentrated in a limited Secretary. Change geographical area, or whose securities [FR Doc. 2018–14960 Filed 7–9–18; 4:15 pm] 1. Purpose are largely held in block by institutional BILLING CODE 8011–01–P The Exchange proposes to amend its investors, are normally not considered listing rules in Rule 14.8 in order to add eligible for listing unless the Public listing standards applicable to Closed- Distribution appreciably exceeds SECURITIES AND EXCHANGE 500,000 shares; 6 or (ii) at least End Funds 3 based on existing criteria COMMISSION 1,000,000 shares where there are at least applicable to Closed-End Funds listed [Release No. 34–83596; File No. SR– on NYSE American LLC (‘‘NYSE 400 Public Shareholders; (b) a Public CboeBZX–2018–047] American’’).4 Specifically, the Exchange Distribution with a Market Value or net is proposing to add new paragraphs (e) assets of at least $20 million; (c) a Self-Regulatory Organizations; Cboe and (i) under Rule 14.8 related to the minimum bid price of at least $4 per BZX Exchange, Inc.; Notice of Filing of share; and (d) at least three registered initial and continued listing a Proposed Rule Change To Amend and active Market Makers. The Group requirements for Closed-End Funds, BZX Rule 14.8, General Listings CEF Standard requires that a Closed- respectively, as well as to make certain Requirements—Tier I End Fund which is part of a Group be corresponding changes. subject to the following criteria: (a) The July 5, 2018. Initial Listing Group has a Public Distribution with a Pursuant to Section 19(b)(1) of the Market Value or net assets of at least $75 As proposed, a Closed-End Fund must Securities Exchange Act of 1934 million; (b) the Closed-End Funds in the meet the initial listing requirements for (‘‘Act’’),1 and Rule 19b–4 thereunder,2 Group have a Public Distribution with either an individual Closed-End Fund notice is hereby given that on June 21, an average Market Value or average net (the ‘‘Individual CEF Standard’’) or a 2018, Cboe BZX Exchange, Inc. assets of at least $15 million; (c) each Group 5 of Closed-End Funds (the (‘‘Exchange’’ or ‘‘BZX’’) filed with the Closed-End Fund in the Group has a ‘‘Group CEF Standard’’), as provided Securities and Exchange Commission Public Distribution with a Market Value below, before being listed on the (‘‘Commission’’) the proposed rule or net assets of at least $10 million; and Exchange. The Individual CEF Standard change as described in Items I and II (d) each Closed-End Fund in the Group requires: (a) A public distribution below, which Items have been prepared has: (i) A Public Distribution of: (a) At (which includes both shareholders of by the Exchange. The Commission is least 500,000 shares where there are at record and beneficial holders, but publishing this notice to solicit least 800 Public Shareholders, except comments on the proposed rule change 3 As defined in proposed Rule 14.8(a), the term that companies that are not banks whose from interested persons. Closed-End Fund means a Closed-End Management securities are concentrated in a limited I. Self-Regulatory Organization’s Investment Company registered under the geographical area, or whose securities Investment Company Act of 1940. are largely held in block by institutional Statement of the Terms of Substance of 4 The Exchange notes that the proposed the Proposed Rule Change quantitative rules are substantively identical to the investors, are normally not considered listing standards applicable to Closed-End Funds on eligible for listing unless the Public The Exchange filed a proposal to NYSE American. Specifically, the proposed Distribution appreciably exceeds amend the listing rules under Rule 14.8, quantitative rules are substantively identical to the 500,000 shares; or (b) at least 1,000,000 titled ‘‘General Listing Requirements— following sections in the NYSE American Company Guide: 101(g), 102(a), and 1003(b)(v). shares where there are at least 400 Tier I,’’ in order to adopt listing 5 As defined in proposed Rule 14.8(e)(2), a Public Shareholders; (ii) a minimum bid standards for closed-end funds. ‘‘Group’’ is a group of Closed-End Funds which are price of at least $4 per share; and (iii) The text of the proposed rule change or will be listed on the Exchange, and which are at least three registered and active is available at the Exchange’s website at managed by a common investment adviser or Market Makers. www.markets.cboe.com, at the principal investment advisers who are ‘‘affiliated persons’’ as office of the Exchange, and at the defined in Section 2(a)(3) of the Investment Continued Listing Company Act of 1940 as amended. Section 2(a)(3) Commission’s Public Reference Room. of the Investment Company Act of 1940 defines As proposed, The Exchange will affiliated person of another person as ‘‘(A) any consider the suspension of trading in II. Self-Regulatory Organization’s person directly or indirectly owning, controlling, or and will initiate delisting proceedings Statement of the Purpose of, and holding with power to vote, 5 per centum or more of the outstanding voting securities of such other (and are not eligible to follow the cure Statutory Basis for, the Proposed Rule person; (B) any person 5 per centum or more of procedures outlined in Rule 14.12) for a Change whose outstanding voting securities are directly or Closed-End Fund where: (a) The Market In its filing with the Commission, the indirectly owned, controlled, or held with power to Value of the Public Distribution and net vote, by such other person; (C) any person directly Exchange included statements assets each are less than $5,000,000 for daltland on DSKBBV9HB2PROD with NOTICES or indirectly controlling, controlled by, or under concerning the purpose of and basis for common control with, such other person; (D) any the proposed rule change and discussed officer, director, partner, copartner, or employee of 6 The Exchange notes that where the Public any comments it received on the such other person; (E) if such other person is an Distribution appreciably exceeds 500,000 shares for investment company, any investment adviser companies that are not banks whose securities are proposed rule change. The text of these thereof or any member of an advisory board thereof; concentrated in a limited geographical area, or and (F) if such other person is an unincorporated whose securities are largely held in block by 1 15 U.S.C. 78s(b)(1). investment company not having a board of institutional investors, the 800 Public Shareholders 2 17 CFR 240.19b–4. directors, the depositor thereof.’’ requirement would also apply. VerDate Sep<11>2014 16:26 Jul 10, 2018 Jkt 244001 PO 00000 Frm 00091 Fmt 4703 Sfmt 4703 E:\FR\FM\11JYN1.SGM 11JYN1


Document Created: 2018-07-10 23:53:59
Document Modified: 2018-07-10 23:53:59
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
DatesNotice is hereby given, pursuant to the provisions of the Government in the Sunshine Act, Public Law 94-409, that the Securities and Exchange Commission Fixed Income Market Structure Advisory Committee (``FIMSAC'') will hold a public meeting on Monday, July 16, 2018 at 9:30 a.m.
FR Citation83 FR 32161 
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