Sunshine Act Meeting Notice, 1425 [2010-391]
Download as PDF
<![CDATA[
Federal Register / Vol. 75, No. 6 / Monday, January 11, 2010 / Notices
disclosure will also address Merrill
Lynch’s resulting conflict of interest in
recommending BlackRock.
4. The Applicant will require the
BlackRock Advisory Subsidiaries to
comply with subsection (a)(2)(iii)(C) of
the Cash Solicitation Rule. Further, the
Applicant represents that it will require
the BlackRock Advisory Subsidiaries to
continue to comply with subsection
(A)(2) of the Independent Solicitor
Provision. To comply with subsection
(a)(2)(iii)(C) of the Cash Solicitation
Rule, the Applicant agrees to require the
BlackRock Advisory Subsidiaries to
make a bona fide effort to ascertain
whether ML Broker-Dealers have
complied with the terms of the BLK–
MER Referral Agreement, any
amendment thereof, or any
subsequently executed referral
agreement with ML Broker-Dealers, and
have a reasonable basis for believing
that ML Broker-Dealers have so
complied.
administrative proceedings; consideration
of amicus participation; and
Other matters relating to enforcement
proceedings.
For the Commission, by the Division of
Investment Management, under delegated
authority.
Florence E. Harmon,
Deputy Secretary.
Self-Regulatory Organizations; the
Depository Trust Company; Notice of
Filing and Immediate Effectiveness of
Proposed Rule Change To Revise Fee
Schedule
[FR Doc. 2010–196 Filed 1–8–10; 8:45 am]
SECURITIES AND EXCHANGE
COMMISSION
srobinson on DSKHWCL6B1PROD with NOTICES
Sunshine Act Meeting Notice
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 Thursday, January 14, 2010 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 Paredes, as duty
officer, voted to consider the items
listed for the Closed Meeting in a closed
session.
The subject matter of the Closed
Meeting scheduled for Thursday,
January 14, 2010 will be:
VerDate Nov<24>2008
16:06 Jan 08, 2010
Jkt 220001
Dated: January 7, 2010.
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2010–391 Filed 1–7–10; 4:15 pm]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–61263; File No. SR–DTC–
2009–19]
December 30, 2009.
BILLING CODE 8011–11–P
[I]nstitution and settlement of injunctive
actions; institution and settlement of
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.
Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934
(‘‘Act’’),1 notice is hereby given that on
December 24, 2009, the Depository
Trust Company (‘‘DTC’’) filed with the
Securities and Exchange Commission
(‘‘Commission’’) the proposed rule
change as described in Items I, II, and
III below, which Items have been
prepared primarily by DTC. DTC filed
the proposal pursuant to Section
19(b)(3)(A)(iii) of the Act 2 and Rule
19b–4(f)(4) 3 thereunder so that the
proposal was effective upon filing with
the Commission. The Commission is
publishing this notice to solicit
comments on the proposed rule change
from interested persons.
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The purpose of the proposed rule
change is to revise fees for certain DTC
services.
II. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
In its filing with the Commission,
DTC included statements concerning
the purpose of and basis for the
1 15
U.S.C. 78s(b)(1).
U.S.C. 78s(b)(3)(A)(iii).
3 17 CFR 240.19b–4(f)(4).
2 15
PO 00000
Frm 00093
Fmt 4703
Sfmt 4703
1425
proposed rule change and discussed any
comments it received on the proposed
rule change. The text of these statements
may be examined at the places specified
in Item IV below. DTC has prepared
summaries, set forth in sections (A), (B)
and (C) below, of the most significant
aspects of such statements.4
(A) Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
DTC proposes increasing certain
existing service fees and introducing
fees associated with new service
capabilities. Increased fees are proposed
for existing services related to Deposits,
Custody and Asset Servicing,
Underwriting and Dividends, BookEntry Delivery, and Money Market
Instruments. These changes are
intended to realign the fees with DTC’s
corresponding service costs, scale the
fees to reflect processing complexity,
and create fee simplification and
transparency.
In addition, DTC will increase and
implement certain disincentive fees to
discourage activities that increase
industry inefficiencies. This includes
fee increases for reject processing
services and for exception processing
related to Deposit and Withdrawal
activities and Custody. It also includes
a new password reset fee.5
New fees are proposed for recentlydeveloped services related to
Underwriting, Deposits, and
Reorganization. The new fees include an
Underwriting fee for Incomplete
Eligibility Information and Older Issue
Eligibility, a Reorganization fee
structure for Survivor Options, and a
new Long Position fee for issues with a
large number of shares but low market
value.
These proposed fee revisions are
consistent with DTC’s overall pricing
philosophy of aligning service fees with
underlying costs, discouraging manual
and exception processing, and
encouraging immobilization and
dematerialization of securities. The
effective date for these fee adjustments
is January 4, 2010. The changes to DTC’s
Fee Schedule can be found in Exhibit 5
to proposed rule change SR–DTC–2009–
19 at https://www.dtcc.com/downloads/
legal/rule_filings/2009/dtc/2009–19.pdf.
DTC believes that the proposed rule
change is consistent with the
requirements of Section 17A of the Act 6
4 The Commission has modified the text of the
summaries prepared by DTC.
5 The password reset fee would apply after an
initial allowance of two password resets at no cost.
6 15 U.S.C. 78q–1.
E:\FR\FM\11JAN1.SGM
11JAN1
]]>Agencies
[Federal Register Volume 75, Number 6 (Monday, January 11, 2010)]
[Notices]
[Page 1425]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-391]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
Sunshine Act Meeting Notice
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 Thursday, January
14, 2010 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 Paredes, as duty officer, voted to consider the items
listed for the Closed Meeting in a closed session.
The subject matter of the Closed Meeting scheduled for Thursday,
January 14, 2010 will be:
[I]nstitution and settlement of injunctive actions; institution and
settlement of administrative proceedings; consideration of amicus
participation; and
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: January 7, 2010.
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2010-391 Filed 1-7-10; 4:15 pm]
BILLING CODE 8011-01-P
