83 FR 8118 - Sunshine Act Meetings
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 83, Issue 37 (February 23, 2018)
Federal Register Volume 83, Issue 37 (February 23, 2018)
| Page Range | 8118-8118 | |
| FR Document | 2018-03799 |
[Federal Register Volume 83, Number 37 (Friday, February 23, 2018)] [Notices] [Page 8118] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-03799] ======================================================================= ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION Sunshine Act Meetings TIME AND DATE OF PREVIOUSLY ANNOUNCED MEETING: Wednesday, February 21, 2018 at 10:00 a.m. PLACE: 100 F Street NE, Washington, DC 20549. STATUS: Open meeting. CHANGE IN MEETING: Cancellation of meeting. The Open Meeting scheduled for Wednesday, February 21, 2018 at 10:00 a.m. was cancelled. The Office of the Secretary at (202) 551-5400. Dated: February 20, 2018. Brent J. Fields, Secretary. [FR Doc. 2018-03799 Filed 2-21-18; 11:15 am] BILLING CODE 8011-01-P
![8118 Federal Register / Vol. 83, No. 37 / Friday, February 23, 2018 / Notices
This Notice will be published in the comment letters on the proposed rule (a) the Adviser registers as a broker-
Federal Register. change. This order grants approval of dealer or becomes newly affiliated with
Ruth Ann Abrams, the proposed rule change. a broker-dealer, or (b) any new adviser
Acting Secretary. or sub-adviser to the Fund is a
II. Exchange’s Description of the
[FR Doc. 2018–03685 Filed 2–22–18; 8:45 am] registered broker-dealer or is affiliated
Proposed Rule Change
BILLING CODE 7710–FW–P with a broker-dealer, such adviser or
The Exchange proposes to list and sub-adviser will implement and will
trade the Shares of the Fund under maintain a fire wall with respect to its
SECURITIES AND EXCHANGE Nasdaq Rule 5745, which governs the relevant personnel and/or such broker-
COMMISSION listing and trading of Exchange-Traded dealer affiliate, as applicable, regarding
Managed Fund Shares, as defined in access to information concerning the
Sunshine Act Meetings Nasdaq Rule 5745(c)(1). The Fund is a composition of, and/or changes to, the
series of Managed Portfolio Series and Fund’s portfolio and will be subject to
TIME AND DATE OF PREVIOUSLY ANNOUNCED will be advised by an investment procedures designed to prevent the use
MEETING: Wednesday, February 21, adviser registered under the Investment and dissemination of material non-
2018 at 10:00 a.m. Advisers Act of 1940 (‘‘Advisers Act’’), public information regarding such
PLACE: 100 F Street NE, Washington, as described below.4 The Exchange portfolio.
DC 20549. represents that Managed Portfolio Series The Exchange has made the following
STATUS: Open meeting. is registered with the Commission as an representations and statements in
CHANGE IN MEETING: Cancellation of open-end investment company and has describing the Fund.7 According to the
meeting. filed a Registration Statement with the Exchange, the Fund will be actively
The Open Meeting scheduled for Commission.5 Reinhart Partners, Inc. managed and will pursue the principal
Wednesday, February 21, 2018 at 10:00 (‘‘Adviser’’) will be the adviser to the investment strategy described below.8
a.m. was cancelled. Fund. Quasar Distributors, LLC will be
the principal underwriter and A. Principal Investment Strategy
The Office of the Secretary at (202)
551–5400. distributor of the Fund’s Shares. U.S. The Exchange represents that the
Bancorp Fund Services, LLC will act as Fund’s investment objective is to
Dated: February 20, 2018. outperform its benchmark, the Barclays
the administrator and accounting agent
Brent J. Fields, Capital Intermediate Government/Credit
to the Fund. U.S. Bancorp Fund
Secretary. Services, LLC will act as transfer agent Index, measured over an entire market
[FR Doc. 2018–03799 Filed 2–21–18; 11:15 am] to the Fund, and U.S. Bank, NA will act cycle, while maintaining key risks
BILLING CODE 8011–01–P as custodian to the Fund. (interest rate risk, credit risk, structure
The Adviser is not a registered broker- risk, and liquidity risk) similar to the
dealer, and is not affiliated with a benchmark. An entire market cycle
SECURITIES AND EXCHANGE broker-dealer. Personnel who make refers to the broad economy
COMMISSION decisions on the Fund’s portfolio transitioning from a peak in economic
[Release No. 34–82730; File No. SR– composition must be subject to growth through a trough and back.
NASDAQ–2017–131] procedures designed to prevent the use Under normal market conditions, the
and dissemination of material, non- Reinhart Intermediate Bond NextShares
Self-Regulatory Organizations; The public information regarding the open- will invest primarily in investment
NASDAQ Stock Market LLC; Order end fund’s portfolio.6 In the event that grade fixed income securities. The Fund
Granting Approval of a Proposed Rule considers a fixed income security to be
Change To List and Trade the Shares 4 The Commission has issued an order granting investment grade if it is rated within the
of the Reinhart Intermediate Bond Managed Portfolio Series and certain affiliates BBB-category or better by Standard &
NextShares Fund Under Nasdaq Rule exemptive relief under the Investment Company Poor’s Ratings Services or the Baa3
Act of 1940. See Investment Company Act Release
5745 No. 32893 (Nov. 28, 2017) (File No. 812–14830).
category or better by Moody’s Investors
5 See Post-Effective Amendment number 316 to Services, Inc., or an equivalent rating by
February 16, 2018. another nationally recognized statistical
the Registration Statement on Form N–1A for
I. Introduction Managed Portfolio Series dated Oct. 26, 2017 (File rating organization, or, if unrated,
Nos. 333–172080 and 811–22525) (‘‘Registration determined by the Adviser to be of
On December 20, 2017, The NASDAQ Statement’’).
comparable quality.
Stock Market LLC (‘‘Nasdaq’’ or 6 An investment adviser to an open-end fund is
‘‘Exchange’’) filed with the Securities required to be registered under the Advisers Act. As
a result, the Adviser and its related personnel are procedures established pursuant to subparagraph (i)
and Exchange Commission subject to the provisions of Rule 204A–1 under the above and the effectiveness of their
(‘‘Commission’’), pursuant to Section Advisers Act relating to codes of ethics. This Rule implementation; and (iii) designated an individual
19(b)(1) of the Securities Exchange Act requires investment advisers to adopt a code of (who is a supervised person) responsible for
ethics that reflects the fiduciary nature of the administering the policies and procedures adopted
of 1934 (‘‘Act’’) 1 and Rule 19b–4 under subparagraph (i) above.
relationship to clients as well as compliance with
thereunder,2 a proposed rule change to other applicable securities laws. Accordingly, 7 The Commission notes that additional
list and trade common shares (‘‘Shares’’) procedures designed to prevent the communication information regarding Managed Portfolio Series, the
of the Reinhart Intermediate Bond and misuse of non-public information by an Fund, and the Shares, including investment
NextShares Fund (‘‘Fund’’) under investment adviser must be consistent with Rule strategies, risks, creation and redemption
204A–1 under the Advisers Act. In addition, Rule procedures, calculation of net asset value (‘‘NAV’’),
Nasdaq Rule 5745. The proposed rule 206(4)–7 under the Advisers Act makes it unlawful fees, distributions, and taxes, among other things,
change was published for comment in
daltland on DSKBBV9HB2PROD with NOTICES
for an investment adviser to provide investment can be found in the Notice and the Registration
the Federal Register on January 2, advice to clients unless such investment adviser has Statement, as applicable. See supra notes 3 and 5,
(i) adopted and implemented written policies and respectively, and accompanying text.
2018.3 The Commission received no 8 According to the Exchange, additional
procedures reasonably designed to prevent
violation, by the investment adviser and its information regarding the Fund will be available on
1 15 U.S.C. 78s(b)(1). supervised persons, of the Advisers Act and the a free public website for the Fund
2 17 CFR 240.19b–4. Commission rules adopted thereunder; (ii) (www.reinhartfunds.com, which may contain links
3 See Securities Exchange Act Release No. 82408 implemented, at a minimum, an annual review for certain information to www.nextshares.com) and
(Dec. 27, 2017), 83 FR 186 (‘‘Notice’’). regarding the adequacy of the policies and in the Registration Statement for the Fund.
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Document Created: 2018-02-23 01:32:44
Document Modified: 2018-02-23 01:32:44
| 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 8118 |
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