83 FR 35512 - Sunshine Act Meetings

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 83, Issue 144 (July 26, 2018)

Page Range		35512-35513
FR Document		2018-16035

Federal Register, Volume 83 Issue 144 (Thursday, July 26, 2018)

[Federal Register Volume 83, Number 144 (Thursday, July 26, 2018)]
[Notices]
[Pages 35512-35513]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-16035]


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SECURITIES AND EXCHANGE COMMISSION


Sunshine Act Meetings

FEDERAL REGISTER CITATION OF PREVIOUS ANNOUNCEMENT:  83 FR 35041, July 
24, 2018.

PREVIOUSLY ANNOUNCED TIME AND DATE OF THE MEETING:  Thursday, July 26, 
2018 at 2:00 p.m.

CHANGES IN THE MEETING:  The following matter will also be considered 
during the 2 p.m. Closed Meeting scheduled for Thursday, July 26, 2018:

Formal order of investigation

CONTACT PERSON FOR MORE INFORMATION:  For further information and to 
ascertain what, if any, matters have been added, deleted or postponed, 
please contact the

[[Page 35513]]

Office of the Secretary at (202) 551-5400.

    Dated: July 23, 2018.
Brent J. Fields,
Secretary.
[FR Doc. 2018-16035 Filed 7-24-18; 11:15 am]
BILLING CODE 8011-01-P

35512 Federal Register / Vol. 83, No. 144 / Thursday, July 26, 2018 / Notices

satisfy the requirement of BZX Rule IV. Solicitation of Comments on V. Accelerated Approval of Proposed
14.11(i)(4)(C)(iv)(b) that the aggregate Amendment No. 4 to the Proposed Rule Rule Change, as Modified by
gross notional value of listed derivatives Change Amendment No. 4
based on any five or fewer underlying The Commission finds good cause to
reference assets shall not exceed 65% of Interested persons are invited to
approve the proposed rule change, as
the weight of the portfolio and the submit written views, data, and
modified by Amendment No. 4, prior to
aggregate gross notional value of listed arguments concerning whether the 30th day after the date of
derivatives based on any single Amendment No. 4 is consistent with the publication of notice of the filing of
underlying reference asset not exceed Act. Comments may be submitted by Amendment No. 4 in the Federal
30% of the weight of the portfolio any of the following methods: Register. Amendment No. 4
(including gross notional exposures). supplements the proposal by, among
Although the Funds will hold listed Electronic Comments
other things, representing that the issuer
derivatives primarily on a single • Use the Commission’s internet will provide and maintain a publicly
reference asset, the S&P 500 Index,44 the comment form (http://www.sec.gov/ available web tool for each of the Funds
Commission believes that the prices of rules/sro.shtml); or that will offer important information to
the Shares will be less susceptible to help inform investment decisions by
manipulation. As the Exchange states, • Send an email to rule-comments@
sec.gov. Please include File Number SR- prospective and existing shareholders.
options on the S&P 500 Index are among The amendment assisted the
the most liquid options in the world, BatsBZX–2017–72 on the subject line.
Commission in evaluating the
and derive their value from the actively Paper Comments Exchange’s proposal and in determining
traded index components. Additionally, that the listing and trading of the Shares
all of the options held by the Funds will • Send paper comments in triplicate is consistent with the Act. Accordingly,
trade on markets that are a member of to Secretary, Securities and Exchange the Commission finds good cause,
ISG or affiliated with a member of ISG Commission, 100 F Street NE, pursuant to Section 19(b)(2) of the
or with which the Exchange has in place Washington, DC 20549–1090. Act,49 to approve the proposed rule
a comprehensive surveillance sharing change, as modified by Amendment No.
agreement.45 All submissions should refer to File
Number SR–BatsBZX–2017–72. This file 4, on an accelerated basis.
In support of this proposal, the
Exchange represented that: number should be included on the VI. Conclusion
(1) The Funds and the Shares will subject line if email is used. To help the It is therefore ordered, pursuant to
satisfy all of the requirements applicable Commission process and review your Section 19(b)(2) of the Act,50 that the
to Managed Fund Shares under BZX comments more efficiently, please use proposed rule change (SR–BatsBZX–
Rule 14.11(i), as well as the Generic only one method. The Commission will 2017–72), as modified by Amendment
Listing Standards other than BZX Rule post all comments on the Commission’s No. 4 be, and it hereby is, approved on
14.11(i)(4)(C)(iv)(b). internet website (http://www.sec.gov/ an accelerated basis.
(2) Trading in the Shares will be rules/sro.shtml). Copies of the For the Commission, by the Division of
subject to the existing trading submission, all subsequent Trading and Markets, pursuant to delegated
surveillances administered by the amendments, all written statements authority.51
Exchange, as well as cross-market with respect to the proposed rule Brent J. Fields,
surveillances administered by Cboe change that are filed with the Secretary.
Options and FINRA, on behalf of the Commission, and all written [FR Doc. 2018–15945 Filed 7–25–18; 8:45 am]
Exchange, which are designed to detect communications relating to the BILLING CODE 8011–01–P
violations of Exchange rules and proposed rule change between the
applicable federal securities laws. Commission and any person, other than
(3) For initial and continued listing,
those that may be withheld from the SECURITIES AND EXCHANGE
the Funds will be in compliance with
public in accordance with the COMMISSION
Rule 10A–3 under the Act.46
provisions of 5 U.S.C. 552, will be
(4) A minimum of 100,000 Shares will Sunshine Act Meetings
be outstanding at the commencement of available for website viewing and
trading on the Exchange.47 printing in the Commission’s Public FEDERAL REGISTER CITATION OF PREVIOUS
This approval order is based on all of Reference Room, 100 F Street NE, ANNOUNCEMENT: 83 FR 35041, July 24,
the Exchange’s statements and Washington, DC 20549 on official 2018.
representations, including those set business days between the hours of PREVIOUSLY ANNOUNCED TIME AND DATE OF
forth above and in Amendment No. 4. 10:00 a.m. and 3:00 p.m. Copies of the THE MEETING: Thursday, July 26, 2018 at
For the foregoing reasons, the filing also will be available for 2:00 p.m.
Commission finds that the proposed inspection and copying at the principal CHANGES IN THE MEETING: The following
rule change, as modified by Amendment office of the Exchange. All comments matter will also be considered during
No. 4 thereto, is consistent with Section received will be posted without change. the 2 p.m. Closed Meeting scheduled for
6(b)(5) of the Act 48 and the rules and Persons submitting comments are Thursday, July 26, 2018:
regulations thereunder applicable to a cautioned that we do not redact or edit Formal order of investigation
national securities exchange. personal identifying information from
sradovich on DSK3GMQ082PROD with NOTICES

CONTACT PERSON FOR MORE INFORMATION:
comment submissions. You should For further information and to ascertain
44 The Funds also may invest in options overlying
submit only information that you wish what, if any, matters have been added,
Reference ETFs. to make available publicly. All
45 For a list of the current members of ISG, see deleted or postponed, please contact the
www.isgportal.org.
submissions should refer to File
46 17 CFR 240.10A–3. Number SR–BatsBZX–2017–72 and 49 15 U.S.C. 78s(b)(2).
47 See Amendment No. 4, supra note 7, at 20. should be submitted on or before 50 Id.
48 15 U.S.C. 78f(b)(5). August 16, 2018. 51 17 CFR 200.30–3(a)(12).

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Federal Register / Vol. 83, No. 144 / Thursday, July 26, 2018 / Notices 35513

Office of the Secretary at (202) 551– Corporation.’’ FICC is proposing this change because the reference to ‘‘The
5400. change because the reference to ‘‘The Depository Trust Corporation’’ is an
Dated: July 23, 2018. Depository Trust Corporation’’ is an error.
Brent J. Fields,
error. FICC is also proposing to amend
FICC is also proposing to amend
Secretary. Article III (EPN Users) of the EPN Rules
Article III (EPN Users) of the EPN Rules
[FR Doc. 2018–16035 Filed 7–24–18; 11:15 am] to set forth MBSD’s existing practices.
to set forth MBSD’s existing practices.
BILLING CODE 8011–01–P Specifically, FICC is proposing to
Specifically, FICC is proposing to
include an EPN User’s ongoing include an EPN User’s ongoing
obligation to notify FICC if such EPN obligation to notify FICC if such EPN
SECURITIES AND EXCHANGE User no longer complies with the User no longer complies with the
COMMISSION requirements for admission to requirements for admission to
[Release No. 34–83682; File No. SR–FICC– membership in the EPN Rules (i.e., as membership in the EPN Rules (i.e., as
2018–005] set forth in Secs. 2 (Approval of set forth in Secs. 2 (Approval of
Applicants) and 3 (Agreements of EPN Applicants) and 3 (Agreements of EPN
Self-Regulatory Organizations; Fixed Users) of EPN Rule 1 (Requirements Users) of EPN Rule 1 (Requirements
Income Clearing Corporation; Notice of Applicable to EPN Users) of Article III Applicable to EPN Users) of Article III
Filing of Proposed Rule Change To (EPN Users)). In addition, FICC is (EPN Users)). In addition, FICC is
Correct Certain References and proposing to amend Article III (EPN proposing to amend Article III (EPN
Provide Transparency to Existing Users) to define specific circumstances Users) to define specific circumstances
Processes in the Mortgage-Backed where FICC would undertake action to where FICC would undertake action to
Securities Division Electronic Pool determine the status of an EPN User and determine the status of an EPN User and
Notification Rules its continued access to the EPN system. its continued access to the EPN system.
July 20, 2018. The proposed change would also state The proposed change would also state
Pursuant to Section 19(b)(1) of the that FICC may request that an EPN User that FICC may request that an EPN User
Securities Exchange Act of 1934 provide written assurances if FICC provide written assurances if FICC
(‘‘Act’’) 1 and Rule 19b–4 thereunder,2 believes such EPN User may fail to believes such EPN User may fail to
notice is hereby given that on July 13, comply with the EPN Rules. The comply with the EPN Rules. The
2018, Fixed Income Clearing proposed changes to Article III (EPN proposed changes to Article III (EPN
Corporation (‘‘FICC’’) filed with the Users) would necessitate a new defined Users) would necessitate a new defined
Securities and Exchange Commission term in Article I (Definitions and term in Article I (Definitions and
(‘‘Commission’’) the proposed rule General Provisions) of the EPN Rules. General Provisions) of the EPN Rules.
change as described in Items I, II and III II. Clearing Agency’s Statement of the The proposed changes are described
below, which Items have been prepared Purpose of, and Statutory Basis for, the below.
by the clearing agency. The Commission Proposed Rule Change
is publishing this notice to solicit 1. MBSD’s EPN Service
In its filing with the Commission, the
comments on the proposed rule change
clearing agency included statements MBSD’s electronic pool notification
from interested persons.
concerning the purpose of and basis for service (referred to in the EPN Rules as
I. Clearing Agency’s Statement of the the proposed rule change and discussed the ‘‘EPN Service’’) enables users to
Terms of Substance of the Proposed any comments it received on the reduce risk and streamline their
Rule Change proposed rule change. The text of these operations by providing an automated
The proposed rule change consists of statements may be examined at the manner for market participants that
amendments to the FICC Mortgage- places specified in Item IV below. The have an obligation to deliver pools
Backed Securities Division (‘‘MBSD’’) clearing agency has prepared (‘‘pool sellers’’) to transmit pool
electronic pool notification (‘‘EPN’’) summaries, set forth in sections A, B, information efficiently and reliably to
Rules (the ‘‘EPN Rules’’) 3 as described and C below, of the most significant their counterparties (‘‘pool buyers’’) in
below. aspects of such statements. real time. Market participants that wish
FICC is proposing to correct the EPN (A) Clearing Agency’s Statement of the to utilize the EPN Service are required
Rules by amending several references in Purpose of, and Statutory Basis for, the to submit an application to MBSD. The
the section of the EPN Rules entitled Proposed Rule Change application process and the use of the
‘‘FICC Mortgage-Backed Securities EPN Service are governed by the EPN
Division (‘‘MBSD’’) EPN Schedule of 1. Purpose
Rules.4 MBSD’s Clearing Members are
Charges.’’ Specifically, FICC is FICC is proposing to correct the EPN required to be EPN Users; however, one
proposing to replace the references to Rules by amending several references in can be an EPN User and not a Clearing
‘‘FICC’’ with ‘‘the Corporation.’’ FICC is the section of the EPN Rules entitled Member.5
proposing this change because ‘‘FICC’’ ‘‘FICC Mortgage-Backed Securities
is not a term that is defined in the EPN Division (‘‘MBSD’’) EPN Schedule of 4 See EPN Rules Article III (EPN Users), EPN Rule
Rules. In addition, FICC is proposing to Charges.’’ Specifically, FICC is 1 (Requirements Applicable to EPN Users), supra
replace the reference to ‘‘The Depository proposing to replace the references to note 3.
Trust Corporation’’ with ‘‘The ‘‘FICC’’ with ‘‘the Corporation.’’ FICC is 5 MBSD maintains two sets of rulebooks. The EPN
sradovich on DSK3GMQ082PROD with NOTICES

Depository Trust & Clearing Rules govern MBSD’s EPN Service and the MBSD
proposing this change because ‘‘FICC’’ Clearing Rules (the ‘‘MBSD Rules’’) govern MBSD’s
is not a term that is defined in the EPN clearance and settlement service. The MBSD Rules
1 15 U.S.C. 78s(b)(1). Rules. In addition, FICC is proposing to are available at http://www.dtcc.com/∼/media/
2 17 CFR 240.19b–4. replace the reference to ‘‘The Depository Files/Downloads/legal/rules/ficc_mbsd_rules.pdf.
3 Terms not defined herein are defined in the EPN Pursuant to the MBSD Rules, the term ‘‘Clearing
Rules, available at http://www.dtcc.com/∼/media/
Trust Corporation’’ with ‘‘The Member’’ means any entity admitted into
Files/Downloads/legal/rules/ficc_mbsd_ Depository Trust & Clearing membership pursuant to MBSD Rule 2A. See MBSD
epnrules.pdf. Corporation.’’ FICC is proposing this Rule 1, Definitions.

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Document Created: 2018-11-06 10:26:43
Document Modified: 2018-11-06 10:26:43

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 35512