The Reserve Fund; Notice of Application, 64372 [E8-25807]

Download as PDF 64372 Federal Register / Vol. 73, No. 210 / Wednesday, October 29, 2008 / Notices SECURITIES AND EXCHANGE COMMISSION [Release No. IC–28465; 812–13576] The Reserve Fund; Notice of Application October 24, 2008. Securities and Exchange Commission (‘‘Commission’’). ACTION: Notice of application for a temporary order under Section 22(e)(3) of the Investment Company Act of 1940 (the ‘‘Act’’). AGENCY: Applicant filed an application for a temporary order to permit two of its series to suspend the right of redemption of their outstanding redeemable securities and to postpone payment for shares which have been submitted for redemption for which payment has not been made. The Commission issued an order on September 22, 2008 granting the requested order and is now providing an opportunity for interested persons to request a hearing. APPLICANT: The Reserve Fund (the ‘‘Applicant’’), on behalf of two of its series, the Primary Fund and the U.S. Government Fund (the ‘‘Funds’’). DATES: Filing Date: The application was filed on September 22, 2008. HEARING OR NOTIFICATION OF HEARING: Interested persons may request a hearing by writing to the Commission’s Secretary and serving Applicant with a copy of the request, personally or by mail. Hearing requests should be received by the Commission by 5:30 p.m. on November 13, 2008, and should be accompanied by proof of service on Applicant, in the form of an affidavit or, for lawyers, a certificate of service. Hearing requests should state the nature of the writer’s interest, 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: Secretary, U.S. Securities and Exchange Commission, 100 F Street, NE., Washington, DC 20549– 1090. Applicant, 1250 Broadway, New York, NY 10001–3701. FOR FURTHER INFORMATION CONTACT: Brian P. Murphy, Senior Counsel, at (202) 551–6825 (Division of Investment Management, Office of Chief Counsel). SUPPLEMENTARY INFORMATION: The complete application may be obtained for a fee at the Commission’s Public Reference Room, 100 F Street, NE., Washington, DC 20549–1520 (tel. 202– 551–5850). Based on the representations provided by the Applicant in its application, jlentini on PROD1PC65 with NOTICES SUMMARY OF APPLICATION: VerDate Aug<31>2005 17:17 Oct 28, 2008 Jkt 217001 including those relating to the current extraordinary market conditions and the actions by the Funds’ board of trustees (the ‘‘board’’) on September 17th, the Commission issued an Order on September 22, 2008 pursuant to Section 22(e)(3) of the Act as requested by the Applicant (the ‘‘Order’’).1 Under the circumstances described in the Order, which required immediate action in order to protect Fund shareholders, the Commission concluded that it was not practicable to give notice or an opportunity to request a hearing before it issued the Order and that the Order should be effective as of the date of the actions of the Funds’ board. The Commission is now providing an opportunity for interested persons to request a hearing. By the Commission. Florence E. Harmon, Acting Secretary. [FR Doc. E8–25807 Filed 10–28–08; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–58838; File No. SR–CTA/ CQ–2008–04] Consolidated Tape Association; Notice of Filing and Immediate Effectiveness of the Fourteenth Substantive Amendment to the Second Restatement of the Consolidated Tape Association Plan and the Tenth Substantive Amendment to the Restated Consolidated Quotation Plan October 23, 2008. Pursuant to Section 11A of the Securities Exchange Act of 1934 (‘‘Act’’),1 and Rule 608 thereunder,2 notice is hereby given that on October 21, 2008, the Consolidated Tape Association (‘‘CTA’’) Plan and Consolidated Quotation (‘‘CQ’’) Plan participants (‘‘Participants’’) 3 submitted to the Securities and Exchange Commission (‘‘Commission’’) proposals to amend the CTA and CQ Plans 1 In the Matter of the Reserve Fund, Investment Company Act Release No. 28386 (Sept. 22, 2008). 1 15 U.S.C. 78k–1. 2 17 CFR 242.608. 3 The Participants are the American Stock Exchange LLC (n/k/a NYSE Alternext U.S. LLC); Boston Stock Exchange, Inc., (n/k/a NASDAQ OMX BX, Inc.); Chicago Board Options Exchange, Incorporated; Chicago Stock Exchange, Inc.; Financial Industry Regulatory Authority, Inc., International Securities Exchange, LLC; The NASDAQ Stock Market LLC; National Stock Exchange, Inc.; New York Stock Exchange LLC; NYSE Arca, Inc.; and Philadelphia Stock Exchange, Inc. (n/k/a NASDAQ OMX PHLX, Inc.) PO 00000 Frm 00072 Fmt 4703 Sfmt 4703 (collectively, the ‘‘Plans’’).4 The proposals represent the fourteenth substantive amendment to the Second Restatement of the CTA Plan (‘‘Fourteenth Amendment to the CTA Plan’’) and the tenth substantive amendment to the Restated CQ Plan (‘‘Tenth Amendment to the CQ Plan’’), and seek to add BATS Exchange, Inc. as a new Participant to each Plan. Pursuant to Rule 608(b)(3)(ii) under the Act,5 the Participants designated the Amendments as concerned solely with the administration of the Plans. As a result, the Amendments have become effective upon filing with the Commission. At any time within 60 days of the filing of the Amendments, the Commission may summarily abrogate the Amendments and require that the Amendments be refiled in accordance with paragraph (a)(1) of Rule 608 and reviewed in accordance with paragraph (b)(2) of Rule 608, if it appears to the Commission that such action is necessary or appropriate in the public interest, for the protection of investors, or the maintenance of fair and orderly markets, to remove impediments to, and perfect the mechanisms of, a national market system or otherwise in furtherance of the purposes of the Act. The Commission is publishing this notice to solicit comments from interested persons. I. Rule 608(a) A. Description and Purpose of the Amendments The Amendments propose to add BATS Exchange, Inc. as a new Participant to each Plan. The text of the proposed Amendments is available on the CTA’s Web site (http:// www.nysedata.com/cta), at the principal office of the CTA, and at the Commission’s Public Reference Room. B. Additional Information Required by Rule 608(a) 1. Governing or Constituent Documents Not applicable. 4 See Securities Exchange Act Release Nos. 10787 (May 10, 1974), 39 FR 17799 (order approving CTA Plan); 15009 (July 28, 1978), 43 FR 34851 (August 7, 1978) (order temporarily approving CQ Plan); and 16518 (January 22, 1980), 45 FR 6521 (order permanently approving CQ Plan). The CTA Plan, pursuant to which markets collect and disseminate last sale price information for listed securities, is a ‘‘transaction reporting plan’’ under Rule 601 under the Act, 17 CFR 242.601, and a ‘‘national market system plan’’ under Rule 608 under the Act, 17 CFR 242.608. The CQ Plan, pursuant to which markets collect and disseminate bid/ask quotation information for listed securities, is also a ‘‘national market system plan’’ under Rule 608 under the Act, 17 CFR 242.608. 5 17 CFR 242.608(b)(3)(ii). E:\FR\FM\29OCN1.SGM 29OCN1

Agencies

[Federal Register Volume 73, Number 210 (Wednesday, October 29, 2008)]
[Notices]
[Page 64372]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-25807]



[[Page 64372]]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. IC-28465; 812-13576]


The Reserve Fund; Notice of Application

October 24, 2008.
AGENCY: Securities and Exchange Commission (``Commission'').

ACTION: Notice of application for a temporary order under Section 
22(e)(3) of the Investment Company Act of 1940 (the ``Act'').

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Summary of Application: Applicant filed an application for a temporary 
order to permit two of its series to suspend the right of redemption of 
their outstanding redeemable securities and to postpone payment for 
shares which have been submitted for redemption for which payment has 
not been made. The Commission issued an order on September 22, 2008 
granting the requested order and is now providing an opportunity for 
interested persons to request a hearing.

Applicant: The Reserve Fund (the ``Applicant''), on behalf of two of 
its series, the Primary Fund and the U.S. Government Fund (the 
``Funds'').

DATES: Filing Date: The application was filed on September 22, 2008.

Hearing or Notification of Hearing: Interested persons may request a 
hearing by writing to the Commission's Secretary and serving Applicant 
with a copy of the request, personally or by mail. Hearing requests 
should be received by the Commission by 5:30 p.m. on November 13, 2008, 
and should be accompanied by proof of service on Applicant, in the form 
of an affidavit or, for lawyers, a certificate of service. Hearing 
requests should state the nature of the writer's interest, 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: Secretary, U.S. Securities and Exchange Commission, 100 F 
Street, NE., Washington, DC 20549-1090. Applicant, 1250 Broadway, New 
York, NY 10001-3701.

FOR FURTHER INFORMATION CONTACT: Brian P. Murphy, Senior Counsel, at 
(202) 551-6825 (Division of Investment Management, Office of Chief 
Counsel).

SUPPLEMENTARY INFORMATION: The complete application may be obtained for 
a fee at the Commission's Public Reference Room, 100 F Street, NE., 
Washington, DC 20549-1520 (tel. 202-551-5850).
    Based on the representations provided by the Applicant in its 
application, including those relating to the current extraordinary 
market conditions and the actions by the Funds' board of trustees (the 
``board'') on September 17th, the Commission issued an Order on 
September 22, 2008 pursuant to Section 22(e)(3) of the Act as requested 
by the Applicant (the ``Order'').\1\ Under the circumstances described 
in the Order, which required immediate action in order to protect Fund 
shareholders, the Commission concluded that it was not practicable to 
give notice or an opportunity to request a hearing before it issued the 
Order and that the Order should be effective as of the date of the 
actions of the Funds' board. The Commission is now providing an 
opportunity for interested persons to request a hearing.
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    \1\ In the Matter of the Reserve Fund, Investment Company Act 
Release No. 28386 (Sept. 22, 2008).

    By the Commission.
Florence E. Harmon,
Acting Secretary.
 [FR Doc. E8-25807 Filed 10-28-08; 8:45 am]
BILLING CODE 8011-01-P