83_FR_45648 83 FR 45474 - Notice of Applications for Deregistration Under Section 8(f) of the Investment Company Act of 1940

83 FR 45474 - Notice of Applications for Deregistration Under Section 8(f) of the Investment Company Act of 1940

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 83, Issue 174 (September 7, 2018)

Page Range45474-45476
FR Document2018-19377

Applicant, a closed-end investment company, seeks an order declaring that it has ceased to be an investment company. Applicant currently has fewer than 100 beneficial owners, is not presently making an offering of securities and does not propose to make any offering of securities. Applicant will continue to operate as a private investment fund in reliance on Section 3(c)(1) of the Act. Filing Dates: The application was filed on August 9, 2018, and amended on August 28, 2018. Applicant's Address: 522 Fifth Avenue, New York, New York 10036.

Federal Register, Volume 83 Issue 174 (Friday, September 7, 2018) 
[Federal Register Volume 83, Number 174 (Friday, September 7, 2018)]
[Notices]
[Pages 45474-45476]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-19377]


-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[Investment Company Act Release No. 33216]


Notice of Applications for Deregistration Under Section 8(f) of 
the Investment Company Act of 1940

August 31, 2018.
    The following is a notice of applications for deregistration under 
section 8(f) of the Investment Company Act of 1940 for the month of 
August 2018. A copy of each application may be obtained via the 
Commission's website

[[Page 45475]]

by searching for the file number, or for an applicant using the Company 
name box, at http://www.sec.gov/search/search.htm or by calling (202) 
551-8090. An order granting each application will be issued unless the 
SEC orders a hearing. Interested persons may request a hearing on any 
application by writing to the SEC's Secretary at the address below and 
serving the relevant applicant with a copy of the request, personally 
or by mail. Hearing requests should be received by the SEC by 5:30 p.m. 
on September 25, 2018, and should be accompanied by proof of service on 
applicants, in the form of an affidavit or, for lawyers, a certificate 
of service. Pursuant to Rule 0-5 under the Act, hearing requests should 
state the nature of the writer's interest, any facts bearing upon the 
desirability of a hearing on the matter, the reason for the request, 
and the issues contested. Persons who wish to be notified of a hearing 
may request notification by writing to the Commission's Secretary.

ADDRESSES: The Commission: Secretary, U.S. Securities and Exchange 
Commission, 100 F Street NE, Washington, DC 20549-1090.

FOR FURTHER INFORMATION CONTACT: Shawn Davis, Branch Chief, at (202) 
551-6413 or Chief Counsel's Office at (202) 551-6821; SEC, Division of 
Investment Management, Chief Counsel's Office, 100 F Street NE, 
Washington, DC 20549-8010.

AIP Long/Short Fund A [File No. 811-22094]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. Applicant 
currently has fewer than 100 beneficial owners, is not presently making 
an offering of securities and does not propose to make any offering of 
securities. Applicant will continue to operate as a private investment 
fund in reliance on Section 3(c)(1) of the Act.
    Filing Dates: The application was filed on August 9, 2018, and 
amended on August 28, 2018.
    Applicant's Address: 522 Fifth Avenue, New York, New York 10036.

AIP Long/Short Fund P [File No. 811-22095]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. On February 
2, 2018 and May 9, 2018, applicant made liquidating distributions to 
its shareholders based on net asset value. Expenses of $1,000 incurred 
in connection with the liquidation were paid by the applicant.
    Filing Dates: The application was filed on August 9, 2018, and 
amended on August 28, 2018.
    Applicant's Address: 522 Fifth Avenue, New York, New York 10036.

BlackRock New Jersey Municipal Bond Trust [File No. 811-21050]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. The applicant 
has transferred its assets to BlackRock MuniYield New Jersey Fund, 
Inc., and on July 2, 2018, the acquiring fund made final distributions 
on behalf of the applicant to its shareholders based on net asset 
value. Expenses of approximately $223,134 incurred in connection with 
the reorganization were paid by the applicant.
    Filing Date: The application was filed on July 30, 2018.
    Applicant's Address: 100 Bellevue Parkway, Wilmington, Delaware 
19809.

BlackRock New Jersey Municipal Income Trust [File No. 811-10335]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. The applicant 
has transferred its assets to BlackRock MuniYield New Jersey Fund, 
Inc., and on July 2, 2018, the acquiring fund made final distributions 
on behalf of the applicant to its shareholders based on net asset 
value. Expenses of approximately $262,733.54 incurred in connection 
with the reorganization were paid by the applicant.
    Filing Date: The application was filed on July 30, 2018.
    Applicant's Address: 100 Bellevue Parkway, Wilmington, Delaware 
19809.

Claymore Exchange-Traded Fund Trust [File No. 811-21906]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. The applicant has transferred its assets to 
Invesco Exchange-Traded Fund Trust, Invesco Exchange-Traded Fund Trust 
II, Invesco Actively Managed Exchange-Traded Fund Trust and Invesco 
Exchange-Traded Self-Indexed Fund Trust, and on April 6, 2018 and May 
18, 2018 made final distributions to its shareholders based on net 
asset value. Expenses of $4,463,723 incurred in connection with the 
reorganization were paid by the applicant's investment adviser, the 
acquiring funds' investment adviser, and/or their affiliates.
    Filing Dates: The application was filed on June 19, 2018, and 
amended on July 20, 2018 and August 9, 2018.
    Applicant's Address: 227 West Monroe Street, Chicago, Illinois 
60606.

Claymore Exchange-Traded Fund Trust 2 [File No. 811-21910]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. The applicant has transferred its assets to 
Invesco Exchange-Traded Fund Trust II, Invesco Actively Managed 
Exchange-Traded Fund Trust and Invesco Exchange-Traded Self-Indexed 
Fund Trust, and on April 6, 2018 and May 18, 2018 made final 
distributions to its shareholders based on net asset value. Expenses of 
$1,702,022 incurred in connection with the reorganization were paid by 
the applicant's investment adviser, the acquiring funds' investment 
adviser, and/or their affiliates.
    Filing Dates: The application was filed on June 19, 2018, and 
amended on July 20, 2018 and August 9, 2018.
    Applicant's Address: 227 West Monroe Street, Chicago, Illinois 
60606.

Diversified Real Asset Income Fund [File No. 811-22936]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. The applicant 
has transferred its assets to Nuveen Real Asset Income & Growth Fund 
and, on November 1, 2017, made a final distribution to its shareholders 
based on net asset value. Expenses of $738,892 incurred in connection 
with the reorganization were paid by the applicant and the acquiring 
fund.
    Filing Dates: The application was filed on July 25, 2018, and 
amended on August 21, 2018.
    Applicant's Address: 333 West Wacker Drive, Chicago, Illinois 
60606.

Nuveen Flexible Investment Income Fund [File No. 811-22820]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. The applicant 
has transferred its assets to Nuveen Preferred & Income Opportunities 
Fund and, on July 3, 2017, made a final distribution to its 
shareholders based on net asset value. Expenses of $572,101 incurred in 
connection with the reorganization were paid by the applicant and the 
acquiring fund.
    Filing Dates: The application was filed on July 25, 2018, and 
amended on August 21, 2018.
    Applicant's Address: 333 West Wacker Drive, Chicago, Illinois 
60606.

[[Page 45476]]

Rydex ETF Trust [File No. 811-21261]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. The applicant has transferred its assets to 
Invesco Exchange Traded Fund Trust (formerly PowerShares Exchange 
Traded Fund Trust), Invesco Exchange-Traded Fund Trust II (formerly 
PowerShares Exchange-Traded Fund Trust II) and Invesco Exchange-Traded 
Self-Indexed Fund Trust (formerly PowerShares Exchange-Traded Self-
Indexed Fund Trust), and on April 6, 2018 made a final distribution to 
its shareholders based on net asset value. Expenses of approximately 
$5,200,938 incurred in connection with the reorganization were paid by 
the applicant's investment adviser, the acquiring funds' investment 
adviser, and/or their affiliates.
    Filing Dates: The application was filed on June 19, 2018, and 
amended on July 20, 2018 and August 9, 2018.
    Applicant's Address: 702 King Farm Boulevard, Suite 200, Rockville, 
Maryland 20850.

Winton Diversified Opportunities Fund [File No. 811-23028]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. On May 29, 
2018, applicant made a liquidating distribution to its shareholders 
based on net asset value. Expenses of approximately $79,227 incurred in 
connection with the liquidation were paid by applicant's investment 
adviser.
    Filing Dates: The application was filed on July 18, 2018, and 
amended on August 10, 2018.
    Applicant's Address: One Freedom Valley Drive, Oaks, Pennsylvania 
19456.

    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-19377 Filed 9-6-18; 8:45 am]
BILLING CODE 8011-01-P

45474 Federal Register / Vol. 83, No. 174 / Friday, September 7, 2018 / Notices open market and a national market (C) Self-Regulatory Organization’s All submissions should refer to File system, and, in general, to protect Statement on Comments on the Number SR–CboeEDGX–2018–038. This investors and the public interest. Proposed Rule Change Received From file number should be included on the Additionally, the Exchange believes the Members, Participants or Others subject line if email is used. To help the proposed rule change is consistent with The Exchange has neither solicited Commission process and review your the Section 6(b)(5) 16 requirement that nor received written comments on the comments more efficiently, please use the rules of an exchange not be designed proposed rule change. only one method. The Commission will to permit unfair discrimination between post all comments on the Commission’s customers, issuers, brokers, or dealers. III. Date of Effectiveness of the internet website (http://www.sec.gov/ In particular, the Exchange believes Proposed Rule Change and Timing for rules/sro.shtml). Copies of the the proposed rule change protects Commission Action submission, all subsequent investors and the public interest Because the foregoing proposed rule amendments, all written statements because it provides all Users with an change does not: (i) Significantly affect with respect to the proposed rule efficient process to enter and update the protection of investors or the public change that are filed with the auction responses. Like quoting, auction interest; (ii) impose any significant Commission, and all written responses are a critical form of liquidity burden on competition; and (iii) become communications relating to the on the Exchange. Auction mechanisms operative for 30 days from the date on proposed rule change between the and the execution and price which it was filed, or such shorter time Commission and any person, other than improvement opportunities they as the Commission may designate, it has those that may be withheld from the provide are dependent on auction become effective pursuant to Section public in accordance with the responses submitted during the 19(b)(3)(A)(iii) of the Act 17 and provisions of 5 U.S.C. 552, will be auctions. Permitting Users to submit subparagraph (f)(6) of Rule 19b–4 available for website viewing and auction responses into bulk order ports thereunder.18 printing in the Commission’s Public is consistent with the purpose of these At any time within 60 days of the Reference Room, 100 F Street NE, ports and have a similar purpose as the filing of the proposed rule change, the Washington, DC 20549, on official orders that Users are currently Commission summarily may business days between the hours of permitted to enter into bulk order ports. temporarily suspend such rule change if 10:00 a.m. and 3:00 p.m. Copies of the The Exchange believes the proposed it appears to the Commission that such filing also will be available for rule change may encourage the action is: (i) Necessary or appropriate in inspection and copying at the principal provision of additional liquidity in the public interest; (ii) for the protection office of the Exchange. All comments auctions, which will provide additional of investors; or (iii) otherwise in received will be posted without change. execution and price improvement furtherance of the purposes of the Act. Persons submitting comments are opportunities to auctioned orders, If the Commission takes such action, the cautioned that we do not redact or edit which ultimately benefit investors. Commission shall institute proceedings personal identifying information from to determine whether the proposed rule comment submissions. You should (B) Self-Regulatory Organization’s should be approved or disapproved. submit only information that you wish Statement on Burden on Competition to make available publicly. All IV. Solicitation of Comments The Exchange does not believe that submissions should refer to File Interested persons are invited to the proposed rule change will impose Number SR–CboeEDGX–2018–038 and submit written data, views, and any burden on competition that is not should be submitted on or before arguments concerning the foregoing, necessary or appropriate in furtherance September 28, 2018. including whether the proposed rule of the purposes of the Act. The change is consistent with the Act. For the Commission, by the Division of Exchange does not believe the proposed Comments may be submitted by any of Trading and Markets, pursuant to delegated rule change will impose any burden on the following methods: authority.19 intramarket competition, as the use of Eduardo A. Aleman, bulk order ports and the proposed Electronic Comments Assistant Secretary. functionality is voluntary and available • Use the Commission’s internet [FR Doc. 2018–19375 Filed 9–6–18; 8:45 am] to all Users of the Exchange. Bulk order comment form (http://www.sec.gov/ BILLING CODE 8011–01–P entry functionality is available to all rules/sro.shtml); or Users of the Exchange, as is the • Send an email to rule-comments@ proposed functionality to submit sec.gov. Please include File Number SR– SECURITIES AND EXCHANGE auction responses into bulk order ports. CboeEDGX–2018–038 on the subject COMMISSION Users may already submit auction line. responses to the Exchange using other [Investment Company Act Release No. Paper Comments 33216] types of ports—the proposed rule change merely provides Users of the • Send paper comments in triplicate to Secretary, Securities and Exchange Notice of Applications for Exchange with an additional method to Commission, 100 F Street NE, Deregistration Under Section 8(f) of the submit auction responses to the Washington, DC 20549–1090. Investment Company Act of 1940 Exchange. The Exchange does not believe the proposed rule change will August 31, 2018. 17 15 U.S.C. 78s(b)(3)(A)(iii). have any direct impact on intermarket The following is a notice of daltland on DSKBBV9HB2PROD with NOTICES 18 17 CFR 240.19b–4(f)(6). In addition, Rule 19b– competition, as the proposed rule applications for deregistration under 4(f)(6)(iii) requires a self-regulatory organization to change relates solely to the manner in give the Commission written notice of its intent to section 8(f) of the Investment Company which Users may submit auction file the proposed rule change, along with a brief Act of 1940 for the month of August responses into auctions occurring on the description and text of the proposed rule change, 2018. A copy of each application may be Exchange. at least five business days prior to the date of filing of the proposed rule change, or such shorter time obtained via the Commission’s website as designated by the Commission. The Exchange 16 Id. has satisfied this requirement. 19 17 CFR 200.30–3(a)(12). VerDate Sep<11>2014 17:55 Sep 06, 2018 Jkt 244001 PO 00000 Frm 00064 Fmt 4703 Sfmt 4703 E:\FR\FM\07SEN1.SGM 07SEN1

Federal Register / Vol. 83, No. 174 / Friday, September 7, 2018 / Notices 45475 by searching for the file number, or for connection with the liquidation were Filing Dates: The application was an applicant using the Company name paid by the applicant. filed on June 19, 2018, and amended on box, at http://www.sec.gov/search/ Filing Dates: The application was July 20, 2018 and August 9, 2018. search.htm or by calling (202) 551– filed on August 9, 2018, and amended Applicant’s Address: 227 West 8090. An order granting each on August 28, 2018. Monroe Street, Chicago, Illinois 60606. application will be issued unless the Applicant’s Address: 522 Fifth Claymore Exchange-Traded Fund Trust SEC orders a hearing. Interested persons Avenue, New York, New York 10036. 2 [File No. 811–21910] may request a hearing on any application by writing to the SEC’s BlackRock New Jersey Municipal Bond Summary: Applicant seeks an order Secretary at the address below and Trust [File No. 811–21050] declaring that it has ceased to be an serving the relevant applicant with a investment company. The applicant has Summary: Applicant, a closed-end transferred its assets to Invesco copy of the request, personally or by investment company, seeks an order mail. Hearing requests should be Exchange-Traded Fund Trust II, Invesco declaring that it has ceased to be an Actively Managed Exchange-Traded received by the SEC by 5:30 p.m. on investment company. The applicant has September 25, 2018, and should be Fund Trust and Invesco Exchange- transferred its assets to BlackRock Traded Self-Indexed Fund Trust, and on accompanied by proof of service on MuniYield New Jersey Fund, Inc., and applicants, in the form of an affidavit or, April 6, 2018 and May 18, 2018 made on July 2, 2018, the acquiring fund final distributions to its shareholders for lawyers, a certificate of service. made final distributions on behalf of the Pursuant to Rule 0–5 under the Act, based on net asset value. Expenses of applicant to its shareholders based on $1,702,022 incurred in connection with hearing requests should state the nature net asset value. Expenses of of the writer’s interest, any facts bearing the reorganization were paid by the approximately $223,134 incurred in applicant’s investment adviser, the upon the desirability of a hearing on the connection with the reorganization were matter, the reason for the request, and acquiring funds’ investment adviser, paid by the applicant. and/or their affiliates. the issues contested. Persons who wish to be notified of a hearing may request Filing Date: The application was filed Filing Dates: The application was notification by writing to the on July 30, 2018. filed on June 19, 2018, and amended on Commission’s Secretary. Applicant’s Address: 100 Bellevue July 20, 2018 and August 9, 2018. Parkway, Wilmington, Delaware 19809. Applicant’s Address: 227 West ADDRESSES: The Commission: Secretary, Monroe Street, Chicago, Illinois 60606. U.S. Securities and Exchange BlackRock New Jersey Municipal Commission, 100 F Street NE, Income Trust [File No. 811–10335] Diversified Real Asset Income Fund Washington, DC 20549–1090. [File No. 811–22936] Summary: Applicant, a closed-end FOR FURTHER INFORMATION CONTACT: Summary: Applicant, a closed-end investment company, seeks an order Shawn Davis, Branch Chief, at (202) declaring that it has ceased to be an investment company, seeks an order 551–6413 or Chief Counsel’s Office at investment company. The applicant has declaring that it has ceased to be an (202) 551–6821; SEC, Division of transferred its assets to BlackRock investment company. The applicant has Investment Management, Chief MuniYield New Jersey Fund, Inc., and transferred its assets to Nuveen Real Counsel’s Office, 100 F Street NE, on July 2, 2018, the acquiring fund Asset Income & Growth Fund and, on Washington, DC 20549–8010. made final distributions on behalf of the November 1, 2017, made a final AIP Long/Short Fund A applicant to its shareholders based on distribution to its shareholders based on [File No. 811–22094] net asset value. Expenses of net asset value. Expenses of $738,892 approximately $262,733.54 incurred in incurred in connection with the Summary: Applicant, a closed-end reorganization were paid by the connection with the reorganization were investment company, seeks an order applicant and the acquiring fund. paid by the applicant. declaring that it has ceased to be an Filing Dates: The application was investment company. Applicant Filing Date: The application was filed filed on July 25, 2018, and amended on currently has fewer than 100 beneficial on July 30, 2018. August 21, 2018. owners, is not presently making an Applicant’s Address: 100 Bellevue Applicant’s Address: 333 West offering of securities and does not Parkway, Wilmington, Delaware 19809. Wacker Drive, Chicago, Illinois 60606. propose to make any offering of Claymore Exchange-Traded Fund Trust securities. Applicant will continue to Nuveen Flexible Investment Income [File No. 811–21906] Fund [File No. 811–22820] operate as a private investment fund in reliance on Section 3(c)(1) of the Act. Summary: Applicant seeks an order Summary: Applicant, a closed-end Filing Dates: The application was declaring that it has ceased to be an investment company, seeks an order filed on August 9, 2018, and amended investment company. The applicant has declaring that it has ceased to be an on August 28, 2018. transferred its assets to Invesco investment company. The applicant has Applicant’s Address: 522 Fifth Exchange-Traded Fund Trust, Invesco transferred its assets to Nuveen Avenue, New York, New York 10036. Exchange-Traded Fund Trust II, Invesco Preferred & Income Opportunities Fund Actively Managed Exchange-Traded and, on July 3, 2017, made a final AIP Long/Short Fund P Fund Trust and Invesco Exchange- distribution to its shareholders based on [File No. 811–22095] Traded Self-Indexed Fund Trust, and on net asset value. Expenses of $572,101 Summary: Applicant, a closed-end April 6, 2018 and May 18, 2018 made incurred in connection with the daltland on DSKBBV9HB2PROD with NOTICES investment company, seeks an order final distributions to its shareholders reorganization were paid by the declaring that it has ceased to be an based on net asset value. Expenses of applicant and the acquiring fund. investment company. On February 2, $4,463,723 incurred in connection with Filing Dates: The application was 2018 and May 9, 2018, applicant made the reorganization were paid by the filed on July 25, 2018, and amended on liquidating distributions to its applicant’s investment adviser, the August 21, 2018. shareholders based on net asset value. acquiring funds’ investment adviser, Applicant’s Address: 333 West Expenses of $1,000 incurred in and/or their affiliates. Wacker Drive, Chicago, Illinois 60606. VerDate Sep<11>2014 17:55 Sep 06, 2018 Jkt 244001 PO 00000 Frm 00065 Fmt 4703 Sfmt 4703 E:\FR\FM\07SEN1.SGM 07SEN1

45476 Federal Register / Vol. 83, No. 174 / Friday, September 7, 2018 / Notices Rydex ETF Trust [File No. 811–21261] SECURITIES AND EXCHANGE Minimum Quantity Order Attribute,3 COMMISSION which is identical to the optional Summary: Applicant seeks an order functionality provided by The Nasdaq declaring that it has ceased to be an [Release No. 34–84012; File No. SR–BX– Stock Market LLC (‘‘Nasdaq’’).4 investment company. The applicant has 2018–040] transferred its assets to Invesco Current Functionality Self-Regulatory Organizations; Nasdaq An Order designated with the Exchange Traded Fund Trust (formerly BX, Inc.; Notice of Filing and Minimum Quantity Order Attribute PowerShares Exchange Traded Fund Immediate Effectiveness of Proposed (‘‘MQ’’) allows a market participant to Trust), Invesco Exchange-Traded Fund Rule Change To Provide New Optional Trust II (formerly PowerShares specify a minimum share amount at Functionality to Minimum Quantity which it will execute. For example, a Exchange-Traded Fund Trust II) and Orders Invesco Exchange-Traded Self-Indexed market participant seeking to buy or sell Fund Trust (formerly PowerShares August 31, 2018. a large position may desire to execute Pursuant to Section 19(b)(1) of the only if a large quantity of shares can be Exchange-Traded Self-Indexed Fund Securities Exchange Act of 1934 traded to reduce the price impact of the Trust), and on April 6, 2018 made a (‘‘Act’’),1 and Rule 19b–4 thereunder,2 security being bought or sold. An Order final distribution to its shareholders with MQ will not execute unless the based on net asset value. Expenses of notice is hereby given that on August 20, 2018, Nasdaq BX, Inc. (‘‘BX’’ or volume of contra-side liquidity available approximately $5,200,938 incurred in to execute against the order meets or connection with the reorganization were ‘‘Exchange’’) filed with the Securities exceeds the designated minimum. When paid by the applicant’s investment and Exchange Commission (‘‘SEC’’ or an Order with MQ is received by the adviser, the acquiring funds’ investment ‘‘Commission’’) the proposed rule Exchange, it will execute immediately 5 adviser, and/or their affiliates. change as described in Items I and II if there is sufficient liquidity available below, which Items have been prepared Filing Dates: The application was on the Exchange within the limit price by the Exchange. The Commission is filed on June 19, 2018, and amended on of the Order with MQ. Specifically, the publishing this notice to solicit July 20, 2018 and August 9, 2018. Order with MQ will execute if the sum comments on the proposed rule change of the shares of one or more resting Applicant’s Address: 702 King Farm from interested persons. Orders is equal to or greater than its Boulevard, Suite 200, Rockville, I. Self-Regulatory Organization’s minimum quantity. In the case of Maryland 20850. Statement of the Terms of Substance of multiple resting Orders being aggregated Winton Diversified Opportunities Fund the Proposed Rule Change to meet the minimum quantity, each [File No. 811–23028] contra-side order creates a separate The Exchange proposes to provide execution and thus there can be new optional functionality to Minimum Summary: Applicant, a closed-end multiple executions that, in aggregate, Quantity Orders. investment company, seeks an order equal or exceed the minimum quantity. The text of the proposed rule change declaring that it has ceased to be an If an Order with MQ does not execute is available on the Exchange’s website at investment company. On May 29, 2018, immediately due to lack of contra-side http://nasdaqbx.cchwallstreet.com/, at applicant made a liquidating liquidity that is equal to or greater than the principal office of the Exchange, and distribution to its shareholders based on the designated minimum, the Order will at the Commission’s Public Reference net asset value. Expenses of post 6 to the Exchange book as a Non- Room. Displayed Order with the characteristics approximately $79,227 incurred in II. Self-Regulatory Organization’s of its underlying Order Type.7 Once connection with the liquidation were Statement of the Purpose of, and posted, an Order with MQ will execute paid by applicant’s investment adviser. Statutory Basis for, the Proposed Rule only if an incoming Order is marketable Filing Dates: The application was Change against the resting Order with MQ and filed on July 18, 2018, and amended on is equal to or greater than the minimum In its filing with the Commission, the August 10, 2018. quantity set on the resting Order with Exchange included statements Applicant’s Address: One Freedom concerning the purpose of and basis for MQ. Multiple potential executions Valley Drive, Oaks, Pennsylvania 19456. the proposed rule change and discussed cannot be aggregated to meet the any comments it received on the minimum quantity requirement of the For the Commission, by the Division of posted Order with MQ. If an Order with Investment Management, pursuant to proposed rule change. The text of these statements may be examined at the MQ executes partially and the number delegated authority. Eduardo A. Aleman, places specified in Item IV below. The 3 Rule 4703(e). Exchange has prepared summaries, set 4 See Nasdaq Rule 4703(e); see also Securities Assistant Secretary. forth in sections A, B, and C below, of Exchange Act Release No. 73959 (Dec. 30, 2014), 80 [FR Doc. 2018–19377 Filed 9–6–18; 8:45 am] the most significant aspects of such FR 582 (Jan. 6, 2015) (SR–NASDAQ–2014–95). BILLING CODE 8011–01–P statements. 5 An Order with MQ would satisfy the requirements of Regulation NMS Rule 611 and not A. Self-Regulatory Organization’s trade through a protected quotation. See 17 CFR Statement of the Purpose of, and 242.611. 6 Orders post to the Exchange book only if they Statutory Basis for, the Proposed Rule are designated with a time in force that allows for Change daltland on DSKBBV9HB2PROD with NOTICES posting. For example, an IOC order never posts to the book. 1. Purpose 7 A Non-Displayed Order is an Order Type that The Exchange is proposing to provide is not displayed to other Participants, but a new optional functionality to the nevertheless remains available for potential execution against incoming Orders until executed in full or cancelled. See Rule 4702(b)(3). Orders 1 15 U.S.C. 78s(b)(1). with MQ are always Non-Displayed when posted on 2 17 CFR 240.19b–4. the Exchange book. VerDate Sep<11>2014 17:55 Sep 06, 2018 Jkt 244001 PO 00000 Frm 00066 Fmt 4703 Sfmt 4703 E:\FR\FM\07SEN1.SGM 07SEN1


Document Created: 2018-09-07 00:15:47
Document Modified: 2018-09-07 00:15:47
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
DatesThe application was filed on August 9, 2018, and amended on August 28, 2018.
ContactShawn Davis, Branch Chief, at (202) 551-6413 or Chief Counsel's Office at (202) 551-6821; SEC, Division of Investment Management, Chief Counsel's Office, 100 F Street NE, Washington, DC 20549-8010.
FR Citation83 FR 45474 
2025 Federal Register | Disclaimer | Privacy Policy
USC | CFR | eCFR