Sunshine Act Meeting, 18268 [E9-9179]
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18268
Federal Register / Vol. 74, No. 75 / Tuesday, April 21, 2009 / Notices
3. Neither the Trust nor any Fund will
be advertised or marketed as an openend fund or a mutual fund. The
Prospectus will prominently disclose
that ETS are not individually
redeemable shares and will disclose that
the owners of the ETS may acquire
those ETS from the Trust and tender
those ETS for redemption to the Trust
in Creation Unit Aggregations only. Any
advertising material that describes the
purchase or sale of Creation Unit
Aggregations or refers to redeemability
will prominently disclose that ETS are
not individually redeemable and that
owners of ETS may acquire those ETS
from the Trust and tender those ETS for
redemption to the Trust in Creation Unit
Aggregations only.
4. The Web site for the Trust, which
will be publicly accessible at no charge,
will contain the following information,
on a per ETS basis, for each Fund: (a)
The prior business day’s NAV and the
reported closing price, and a calculation
of the premium or discount of such
price against such NAV; and (b) data in
chart format displaying the frequency
distribution of discounts and premiums
of the daily closing price against the
NAV, within appropriate ranges, for
each of the four previous calendar
quarters (or the life of the Fund, if
shorter).
5. The Prospectus and annual report
for each Fund will also include: (a) The
information listed in condition 4(b), (i)
in the case of the Prospectus, for the
most recently completed year (and the
most recently completed quarter or
quarters, as applicable), and (ii) in the
case of the annual report, for the
immediately preceding five years (or the
life of the Fund, if shorter); and (b) the
following data, calculated on a per ETS
basis for one, five and ten year periods
(or life of the Fund, if shorter), (i) the
cumulative total return and the average
annual total return based on NAV and
closing price, and (ii) the cumulative
total return of the relevant Underlying
Index.
For the Commission, by the Division of
Investment Management, pursuant to
delegated authority.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E9–9056 Filed 4–20–09; 8:45 am]
Dated: April 16, 2009.
Elizabeth M. Murphy,
Secretary.
[FR Doc. E9–9179 Filed 4–17–09; 11:15 am]
BILLING CODE;P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–59757; File No. SR–FINRA–
2009–006]
Self-Regulatory Organizations;
Financial Industry Regulatory
Authority, Inc.; Order Approving a
Proposed Rule Change Relating to a
New Limited Representative
Registration Category for Investment
Banking Professionals
BILLING CODE 8010–01–P
mstockstill on PROD1PC66 with NOTICES
the Securities and Exchange
Commission will hold a Closed Meeting
on Tuesday, April 21, 2009 at 2 p.m.
Commissioners, Counsel to the
Commissioners, the Secretary to the
Commission, and recording secretaries
will attend the Closed Meeting. Certain
staff members who have an interest in
the matters also may be present.
The General Counsel of the
Commission, or his designee, has
certified that, in his opinion, one or
more of the exemptions set forth in 5
U.S.C. 552b(c)(3), (5), (7), 9(B) and (10)
and 17 CFR 200.402(a)(3), (5), (7), 9(ii)
and (10), permit consideration of the
scheduled matters at the Closed
Meeting.
Commissioner Walter, as duty officer,
voted to consider the items listed for the
Closed Meeting in closed session, and
determined that no earlier notice thereof
was possible.
The subject matter of the Closed
Meeting scheduled for Tuesday, April
21, 2009 will be:
• Formal order of investigation;
• Institution and settlement of
injunctive actions;
• Institution and settlement of
administrative proceedings of an
enforcement nature;
• Other matters relating to
enforcement proceedings.
At times, changes in Commission
priorities require alterations in the
scheduling of meeting items.
For further information and to
ascertain what, if any, matters have
been added, deleted or postponed,
please contact: The Office of the
Secretary at (202) 551–5400.
SECURITIES AND EXCHANGE
COMMISSION
April 13, 2009.
Sunshine Act Meeting
I. Introduction
Notice is hereby given, pursuant to
the provisions of the Government in the
Sunshine Act, Public Law 94–409, that
On February 17, 2009, the Financial
Industry Regulatory Authority, Inc.
(‘‘FINRA’’) (f/k/a National Association
VerDate Nov<24>2008
20:25 Apr 20, 2009
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of Securities Dealers, Inc. (‘‘NASD’’)),
filed with the Securities and Exchange
Commission (‘‘Commission’’), pursuant
to Section19(b)(1) of the Securities
Exchange Act of 1934 (‘‘Act’’) 1 and Rule
19b–4 thereunder,2 a proposed rule
change to adopt NASD Rule 1032(i),
which defines a new limited registration
category for investment banking
professionals, and sets forth the
registration requirements for principals
who supervise investment banking
activities. The proposed rule change
was published for comment in the
Federal Register on March 10, 2009.3
The Commission received six comment
letters regarding the proposal.4 This
order approves the proposed rule
change.
II. Description of the Proposed Rule
Change
Any person associated with a member
firm who is engaged in the securities
business of the firm must register with
FINRA. As part of the registration
process, securities professionals must
pass a qualification examination to
determine competence in each area in
which they intend to work. FINRA has
developed examinations and
administers examinations developed by
other self-regulatory organizations that
are designed to establish that persons
associated with FINRA members have
attained specified levels of competence
and knowledge.
Pursuant to NASD Rule 1032, a
person who functions as a registered
representative must pass the General
Securities Representative (Series 7)
examination or certain equivalent
examinations, unless the person’s
activities are so limited as to qualify
him for a limited representative category
which has an examination associated
with it. The proposed rule, NASD Rule
1032(i), creates a new limited
representative category—Limited
1 15
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 See Securities Exchange Act Release No. 59484
(March 2, 2009); 74 FR 10317 (‘‘Notice’’).
4 See letters from Gregory M. LeNeave, Anderson
LeNeave Co., dated March 12, 2009 (‘‘Anderson
LeNeave Letter’’); Bryan Emerson, Managing
Member, Starlight Investments, LLC, dated March
17, 2009 (‘‘Starlight Investments Letter’’); Michael
B. Ribet, Member of the Board of Directors, Midwest
Business Brokers and Intermediaries Association, to
Elizabeth M. Murphy, Secretary, Commission, dated
March 27, 2009 (‘‘MBBI Letter’’); Michael Adhikari,
Advisory Board President, Alliance of Merger &
Acquisitions Advisors, to Elizabeth M. Murphy,
Secretary, Commission, dated March 30, 2009
(‘‘AM&AA Letter’’); Brian A. Wendler, President,
Institute of Certified Business Counselors, to
Elizabeth M. Murphy, Secretary, Commission, dated
March 31, 2009 (‘‘ICBC Letter’’); and Daniel E. Hall,
Chairman, The M&A Source, to Elizabeth M.
Murphy, Secretary, Commission, dated March 31,
2009 (‘‘M&A Source Letter’’).
2 17
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[Federal Register Volume 74, Number 75 (Tuesday, April 21, 2009)]
[Notices]
[Page 18268]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-9179]
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SECURITIES AND EXCHANGE COMMISSION
Sunshine Act Meeting
Notice is hereby given, pursuant to the provisions of the
Government in the Sunshine Act, Public Law 94-409, that the Securities
and Exchange Commission will hold a Closed Meeting on Tuesday, April
21, 2009 at 2 p.m.
Commissioners, Counsel to the Commissioners, the Secretary to the
Commission, and recording secretaries will attend the Closed Meeting.
Certain staff members who have an interest in the matters also may be
present.
The General Counsel of the Commission, or his designee, has
certified that, in his opinion, one or more of the exemptions set forth
in 5 U.S.C. 552b(c)(3), (5), (7), 9(B) and (10) and 17 CFR
200.402(a)(3), (5), (7), 9(ii) and (10), permit consideration of the
scheduled matters at the Closed Meeting.
Commissioner Walter, as duty officer, voted to consider the items
listed for the Closed Meeting in closed session, and determined that no
earlier notice thereof was possible.
The subject matter of the Closed Meeting scheduled for Tuesday,
April 21, 2009 will be:
Formal order of investigation;
Institution and settlement of injunctive actions;
Institution and settlement of administrative proceedings
of an enforcement nature;
Other matters relating to enforcement proceedings.
At times, changes in Commission priorities require alterations in
the scheduling of meeting items.
For further information and to ascertain what, if any, matters have
been added, deleted or postponed, please contact: The Office of the
Secretary at (202) 551-5400.
Dated: April 16, 2009.
Elizabeth M. Murphy,
Secretary.
[FR Doc. E9-9179 Filed 4-17-09; 11:15 am]
BILLING CODE;P
