83 FR 50738 - Sunshine Act Meetings
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 83, Issue 195 (October 9, 2018)
Federal Register Volume 83, Issue 195 (October 9, 2018)
| Page Range | 50738-50739 | |
| FR Document | 2018-21995 |
[Federal Register Volume 83, Number 195 (Tuesday, October 9, 2018)] [Notices] [Pages 50738-50739] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-21995] ----------------------------------------------------------------------- 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, the Securities and Exchange Commission will hold an Open Meeting on Thursday, October 11, 2018 at 1:00 p.m. PLACE: The meeting will be held in Auditorium LL-002 at the [[Page 50739]] Commission's headquarters, 100 F Street NE, Washington, DC 20549. STATUS: This meeting will begin at 1:00 p.m. (ET) and will be open to the public. Seating will be on a first-come, first-served basis. 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: 1. The Commission will consider whether to reopen the comment period and request additional comment (including potential modifications to proposed rule language) regarding: (1) Capital, margin, and segregation requirements for security-based swap dealers and major security-based swap participants, and amendments to Rule 15c3-1 for broker-dealers proposed in October 2012; (2) amendments proposed in May 2013 that would establish the cross-border treatment of security-based swap capital, margin, and segregation requirements; and (3) an amendment proposed in April 2014 that would establish an additional capital requirement for security-based swap dealers that do not have a prudential regulator. At times, changes in Commission priorities require alterations in the scheduling of meeting items. CONTACT PERSON FOR MORE INFORMATION: For further information and to ascertain what, if any, matters have been added, deleted or postponed; please contact Brent J. Fields from the Office of the Secretary at (202) 551-5400. Dated: October 3, 2018. Brent J. Fields, Secretary. [FR Doc. 2018-21995 Filed 10-4-18; 4:15 pm] BILLING CODE 8011-01-P
![50738 Federal Register / Vol. 83, No. 195 / Tuesday, October 9, 2018 / Notices
will be based on the current bid/offer transactions in shares will not lead to transactions with the Fund of Funds.3
market. Any order granting the discrimination or preferential treatment The purchase of Creation Units by a
requested relief would be subject to the among purchasers. Finally, applicants Fund of Funds directly from a Fund will
terms and conditions stated in the represent that share market prices will be accomplished in accordance with the
application. be disciplined by arbitrage policies of the Fund of Funds and will
2. Each Fund will hold investment opportunities, which should prevent be based on the NAVs of the Funds.
positions selected to correspond closely shares from trading at a material 9. Section 6(c) of the Act permits the
to the performance of an Underlying discount or premium from NAV. Commission to exempt any persons or
Index. In the case of Self-Indexing transactions from any provision of the
6. With respect to Funds that effect
Funds, an affiliated person, as defined Act if such exemption is necessary or
creations and redemptions of Creation
in section 2(a)(3) of the Act (‘‘Affiliated appropriate in the public interest and
Units in kind and that are based on
Person’’), or an affiliated person of an consistent with the protection of
certain Underlying Indexes that include
Affiliated Person (‘‘Second-Tier investors and the purposes fairly
foreign securities, applicants request
Affiliate’’), of the Trust or a Fund, of the intended by the policy and provisions of
relief from the requirement imposed by
Adviser, of any sub-adviser to or the Act. Section 12(d)(1)(J) of the Act
section 22(e) in order to allow such
promoter of a Fund, or of the Distributor provides that the Commission may
Funds to pay redemption proceeds
will create the Underlying Index.2 exempt any person, security, or
within fifteen calendar days following
3. Shares will be purchased and transaction, or any class or classes of
the tender of Creation Units for
redeemed in Creation Units and persons, securities, or transactions, from
redemption. Applicants assert that the
generally on an in-kind basis. Except any provision of section 12(d)(1) if the
requested relief would not be
where the purchase or redemption will exemption is consistent with the public
inconsistent with the spirit and intent of
include cash under the limited interest and the protection of investors.
section 22(e) to prevent unreasonable,
circumstances specified in the Section 17(b) of the Act authorizes the
undisclosed or unforeseen delays in the
application, purchasers will be required Commission to grant an order
actual payment of redemption proceeds.
to purchase Creation Units by permitting a transaction otherwise
depositing specified instruments 7. Applicants request an exemption to prohibited by section 17(a) if it finds
(‘‘Deposit Instruments’’), and permit Funds of Funds to acquire Fund that (a) the terms of the proposed
shareholders redeeming their shares shares beyond the limits of section transaction are fair and reasonable and
will receive specified instruments 12(d)(1)(A) of the Act; and the Funds, do not involve overreaching on the part
(‘‘Redemption Instruments’’). The and any principal underwriter for the of any person concerned; (b) the
Deposit Instruments and the Funds, and/or any broker or dealer proposed transaction is consistent with
Redemption Instruments will each registered under the Exchange Act, to the policies of each registered
correspond pro rata to the positions in sell shares to Funds of Funds beyond investment company involved; and (c)
the Fund’s portfolio (including cash the limits of section 12(d)(1)(B) of the the proposed transaction is consistent
positions) except as specified in the Act. The application’s terms and with the general purposes of the Act.
application. conditions are designed to, among other
things, help prevent any potential (i) For the Commission, by the Division of
4. Because shares will not be
Investment Management, under delegated
individually redeemable, applicants undue influence over a Fund through authority.
request an exemption from section control or voting power, or in
Eduardo A. Aleman,
5(a)(1) and section 2(a)(32) of the Act connection with certain services,
transactions, and underwritings, (ii) Assistant Secretary.
that would permit the Funds to register
as open-end management investment excessive layering of fees, and (iii) [FR Doc. 2018–21874 Filed 10–5–18; 8:45 am]
companies and issue shares that are overly complex fund structures, which BILLING CODE 8011–01–P
redeemable in Creation Units. are the concerns underlying the limits
5. Applicants also request an in sections 12(d)(1)(A) and (B) of the
exemption from section 22(d) of the Act Act. SECURITIES AND EXCHANGE
and rule 22c–1 under the Act as COMMISSION
8. Applicants request an exemption
secondary market trading in shares will from sections 17(a)(1) and 17(a)(2) of the Sunshine Act Meetings
take place at negotiated prices, not at a Act to permit persons that are Affiliated
current offering price described in a Persons, or Second Tier Affiliates, of the TIME AND DATE: Notice is hereby given,
Fund’s prospectus, and not at a price Funds, solely by virtue of certain pursuant to the provisions of the
based on NAV. Applicants state that (a) ownership interests, to effectuate Government in the Sunshine Act, Public
secondary market trading in shares does purchases and redemptions in-kind. The Law 94–409, the Securities and
not involve a Fund as a party and will deposit procedures for in-kind Exchange Commission will hold an
not result in dilution of an investment purchases of Creation Units and the Open Meeting on Thursday, October 11,
in shares, and (b) to the extent different redemption procedures for in-kind 2018 at 1:00 p.m.
prices exist during a given trading day, redemptions of Creation Units will be PLACE: The meeting will be held in
or from day to day, such variances occur the same for all purchases and Auditorium LL–002 at the
as a result of third-party market forces, redemptions, and Deposit Instruments
such as supply and demand. Therefore, and Redemption Instruments will be 3 The requested relief would apply to direct sales
applicants assert that secondary market valued in the same manner as those of shares in Creation Units by a Fund to a Fund of
amozie on DSK3GDR082PROD with NOTICES1
investment positions currently held by Funds and redemptions of those shares. Applicants,
2 Each Self-Indexing Fund will post on its website moreover, are not seeking relief from section 17(a)
the identities and quantities of the investment
the Funds. Applicants also seek relief for, and the requested relief will not apply to,
positions that will form the basis for the Fund’s from the prohibitions on affiliated transactions where a Fund could be deemed an
calculation of its NAV at the end of the day. transactions in section 17(a) to permit a Affiliated Person, or a Second-Tier Affiliate, of a
Applicants believe that requiring Self-Indexing Fund to sell its shares to and redeem its Fund of Funds because an Adviser or an entity
Funds to maintain full portfolio transparency will controlling, controlled by or under common control
help address, together with other protections,
shares from a Fund of Funds, and to with an Adviser provides investment advisory
conflicts of interest with respect to such Funds. engage in the accompanying in-kind services to that Fund of Funds.
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![Federal Register / Vol. 83, No. 195 / Tuesday, October 9, 2018 / Notices 50739
Commission’s headquarters, 100 F upon the President by sections 4, 6, and Empowered, AIDS-Free, Mentored, and
Street NE, Washington, DC 20549. 7 of the Reinforcing Education Safe (DREAMS) initiative.
STATUS: This meeting will begin at 1:00 Accountability in Development (READ) The public may attend this meeting as
p.m. (ET) and will be open to the public. Act (Div. A, Pub. L. 115–56). seating capacity allows. Admittance to
Seating will be on a first-come, first- Any reference in this delegation of the meeting will be by means of a pre-
served basis. Visitors will be subject to authority to any act shall be deemed to arranged clearance list. In order to be
security checks. The meeting will be be a reference to such act as amended placed on the list and, if applicable, to
webcast on the Commission’s website at from time to time. The Administrator of request reasonable accommodation,
www.sec.gov. the United States Agency for please register online as soon as possible
International Development may re- (https://docs.google.com/forms/d/e/
MATTERS TO BE CONSIDERED:
delegate the functions delegated by this 1FAIpQLSccvU95o_2MsSn8jRwGI4r9
1. The Commission will consider kpxBSkOQ-nARjdwNaa3HIn8PMg/
delegation of authority, as appropriate,
whether to reopen the comment period viewform?c=0&w=1). While the meeting
to the extent authorized by law.
and request additional comment is open to public attendance, the Board
This document shall be published in
(including potential modifications to will determine procedures for public
the Federal Register.
proposed rule language) regarding: (1) participation.
Capital, margin, and segregation Dated: September 13, 2018.
This announcement will appear in the
requirements for security-based swap Michael R. Pompeo,
Federal Register less than 15 days prior
dealers and major security-based swap Secretary of State, Department of State. to the meeting. The Department of State
participants, and amendments to Rule [FR Doc. 2018–21897 Filed 10–5–18; 8:45 am] finds that there is an exceptional
15c3–1 for broker-dealers proposed in BILLING CODE 4710–10–P circumstance in that this advisory
October 2012; (2) amendments proposed committee meeting must be held on
in May 2013 that would establish the October 12th for the following reasons:
cross-border treatment of security-based DEPARTMENT OF STATE • On May 18, the World Health
swap capital, margin, and segregation [Public Notice: 10583] Organization (WHO) issued
requirements; and (3) an amendment recommendations for Dolutegravir use
proposed in April 2014 that would Notice of Public Meeting of the by women of childbearing age living
establish an additional capital President’s Emergency Plan for AIDS with HIV, following unscheduled,
requirement for security-based swap Relief (PEPFAR) Scientific Advisory interim analysis of an ongoing
dealers that do not have a prudential Board observational study in Botswana that
regulator. found an increased risk of neural tube
At times, changes in Commission In accordance with the Federal defects in children born to women
priorities require alterations in the Advisory Committee Act (FACA), the taking Dolutegravir at the time of
scheduling of meeting items. PEPFAR Scientific Advisory Board conception.
CONTACT PERSON FOR MORE INFORMATION: (hereinafter referred to as ‘‘the Board’’) • The final results of the study, which
For further information and to ascertain will meet on Friday, October 12, 2018 are needed to confirm or dispel these
what, if any, matters have been added, at 1800 G St. NW, Suite 10300, observations, are expected in early 2019.
deleted or postponed; please contact Washington, DC 20006. The meeting • However, many countries have
Brent J. Fields from the Office of the will last from 8:30 a.m. until taken a very conservative interpretation
Secretary at (202) 551–5400. approximately 5:00 p.m. and is open to of WHO’s recommendations and are
the public. The meeting will be hosted withholding a preferred first-line
Dated: October 3, 2018.
by the Office of the U.S. Global AIDS antiretroviral medication from women
Brent J. Fields, Coordinator and Health Diplomacy, and of child-bearing age, who constitute the
Secretary. led by Ambassador Deborah Birx, who majority of persons receiving HIV
[FR Doc. 2018–21995 Filed 10–4–18; 4:15 pm] leads implementation of the President’s medical treatment in PEPFAR-
BILLING CODE 8011–01–P Emergency Plan for AIDS Relief supported programs.
(PEPFAR), and the Board Chair, Dr. • These policies deny women access
Carlos del Rio. to a regimen that offers superior time-to-
DEPARTMENT OF STATE The Board serves solely in an viral suppression, side effect, and
advisory capacity concerning scientific resistance profiles.
[Delegation of Authority No. 460] developments, program • Two independent modeling studies
Delegation of Authority by the implementation, and policy matters have shown that the clinical and public
Secretary of State to the Administrator related to the global response to the HIV health benefits of Dolutegravir vastly
of the United States Agency for epidemic, which can influence the outweigh the risk of possible and rare,
International Development of priorities and direction of PEPFAR birth defects. A consultation with
Functions and Authorities Under the evaluation and research, the content of African women living with HIV
Reinforcing Education Accountability national and international strategies, infection underscored that they be
in Development Act and the role of PEPFAR in international permitted to make informed decisions
discourse regarding an appropriate and about their own medical care and to opt
By virtue of the authority vested in resourced response. Topics for the to take Dolutegravir rather than other,
the Secretary of State by the laws of the meeting will include the risks and inferior regimens.
United States, including section 1 of the benefits of fixed-dose Dolutegravir in Given the above facts, the Department
amozie on DSK3GDR082PROD with NOTICES1
State Department Basic Authorities Act light of a preliminary safety signal for urgently needs the advice of the
(22 U.S.C. 2651a), and the women using it at the time of PEPFAR SAB to inform treatment
Memorandum of the President dated conception; approaches for monitoring considerations that the Department
August 31, 2018, I hereby delegate to the progress as countries approach must release as part of its 2019 Country
Administrator of the United States epidemic control; HPV vaccination to Operational Plan guidance that will be
Agency for International Development prevent cervical cancer; and new data developed in November-December 2018,
the functions and authorities conferred from the Determined, Resilient, for release in January 2019. October
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Document Created: 2018-10-06 00:58:53
Document Modified: 2018-10-06 00:58:53
| 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 | |
| Dates | Notice is hereby given, pursuant to the provisions of the Government in the Sunshine Act, Public Law 94-409, the Securities and Exchange Commission will hold an Open Meeting on Thursday, October 11, 2018 at 1:00 p.m. | |
| FR Citation | 83 FR 50738 |
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