North Dakota Disaster Number ND-00022, 42471 [2010-17780]
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Federal Register / Vol. 75, No. 139 / Wednesday, July 21, 2010 / Notices
(Catalog of Federal Domestic Assistance
Numbers 59002 and 59008)
SECURITIES AND EXCHANGE
COMMISSION
James E. Rivera,
Associate Administrator for Disaster
Assistance.
[Release No. 34–62502; File No. SR–
NYSEArca–2010–57]
SMALL BUSINESS ADMINISTRATION
Self-Regulatory Organizations; NYSE
Arca, Inc.; Order Granting Accelerated
Approval of Proposed Rule Change
Regarding Listing and Trading Shares
of AdvisorShares WCM/BNY Mellon
Focused Growth ADR ETF
[Disaster Declaration #12151 and #12152]
July 15, 2010.
[FR Doc. 2010–17778 Filed 7–20–10; 8:45 am]
BILLING CODE 8025–01–P
North Dakota Disaster Number ND–
00022
U.S. Small Business
Administration.
AGENCY:
ACTION:
Amendment 3.
This is an amendment of the
Presidential declaration of a major
disaster for Public Assistance Only for
the State of North Dakota (FEMA–1907–
DR), dated 04/30/2010.
Incident: Flooding.
Incident Period: 02/26/2010 through
07/15/2010.
Effective Date: 07/15/2010.
Physical Loan Application Deadline
Date: 06/29/2010.
Economic Injury (EIDL) Loan
Application Deadline Date: 01/31/2011.
SUMMARY:
Submit completed loan
applications to: U.S. Small Business
Administration, Processing And
Disbursement Center, 14925 Kingsport
Road, Fort Worth, TX 76155.
ADDRESSES:
A.
Escobar, Office of Disaster Assistance,
U.S. Small Business Administration,
409 3rd Street, SW., Suite 6050,
Washington, DC 20416.
FOR FURTHER INFORMATION CONTACT:
The notice
of the President’s major disaster
declaration for Private Non-Profit
organizations in the State of NORTH
DAKOTA, dated 04/30/2010, is hereby
amended to establish the incident
period for this disaster as beginning 02/
26/2010 and continuing through 07/15/
2010.
All other information in the original
declaration remains unchanged.
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SUPPLEMENTARY INFORMATION:
(Catalog of Federal Domestic Assistance
Numbers 59002 and 59008)
James E. Rivera,
Associate Administrator for Disaster
Assistance.
[FR Doc. 2010–17780 Filed 7–20–10; 8:45 am]
BILLING CODE 8025–01–P
VerDate Mar<15>2010
15:19 Jul 20, 2010
Jkt 220001
On June 16, 2010, NYSE Arca, Inc.
(‘‘NYSE Arca’’ or ‘‘Exchange’’), through
its wholly owned subsidiary, NYSE
Arca Equities, Inc. (‘‘NYSE Arca
Equities’’), filed with the Securities and
Exchange Commission (‘‘Commission’’),
pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934
(‘‘Act’’) 1 and Rule 19b–4 thereunder,2 a
proposed rule change to list and trade
shares (‘‘Shares’’) of the AdvisorShares
WCM/BNY Mellon Focused Growth
ADR ETF (the ‘‘Fund’’) under NYSE
Arca Equities Rule 8.600 (Managed
Fund Shares). The proposed rule change
was published in the Federal Register
on June 29, 2010.3 The Commission
received no comments on the proposal.
This order approves the proposed rule
change on an accelerated basis.
I. Description of the Proposal
The Exchange proposes to list and
trade the Shares pursuant to NYSE Arca
Equities Rule 8.600, which governs the
listing of Managed Fund Shares. The
Shares will be offered by AdvisorShares
Trust (the ‘‘Trust’’), a statutory trust
organized under the laws of the State of
Delaware and registered with the
Commission as an open-end
management investment company.4 The
investment advisor to the ADR Fund is
AdvisorShares Investments, LLC (the
‘‘Advisor’’). WCM Investment
Management (‘‘WCM’’) is the sub-advisor
(‘‘Sub-Advisor’’) to the ADR Fund and
the portfolio manager.5 The SubAdvisor selects securities for the Fund
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 See Securities Exchange Act Release No. 62344
(June 21, 2010), 75 FR 37498 (‘‘Notice’’).
4 The Trust is registered under the 1940 Act. On
April 23, 2010, the Trust filed with the Commission
Post-Effective Amendment No. 5 to Form N–1A
under the Securities Act of 1933 (15 U.S.C. 77a),
and under the 1940 Act relating to the Fund (File
Nos. 333–157876 and 811–22110) (the ‘‘Registration
Statement’’). The Trust has also filed an Amended
Application for an Order under Section 6(c) of the
1940 Act for exemptions from various provisions of
the 1940 Act and rules thereunder (File No. 812–
13677 dated May 14, 2010) (‘‘Exemptive
Application’’).
5 The Exchange has represented that neither the
Advisor nor the Sub-Advisor is affiliated with a
broker-dealer.
PO 00000
1 15
2 17
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42471
in which to invest pursuant to an
‘‘active’’ management strategy for
security selection and portfolio
construction. The Fund’s investment
objective is long-term capital
appreciation above international
benchmarks such as the BNY Mellon
Classic ADR Index, the Fund’s primary
benchmark, and the MSCI EAFE Index,
the Fund’s secondary benchmark. WCM
seeks to achieve the Fund’s investment
objective by selecting a portfolio of U.S.
traded securities of non-U.S.
organizations included in the BNY
Mellon Classic ADR Index. The BNY
Mellon Classic ADR Index
predominantly includes American
Depositary Receipts (‘‘ADRs’’) and in
addition includes other Depositary
Receipts (‘‘DRs’’), which include Global
Depositary Receipts (‘‘GDRs’’), Euro
Depositary Receipts (‘‘Euro DRs’’) and
New York Shares (‘‘NYSs’’).6
The Exchange states that the Shares
will conform to the initial and
continued listing criteria under NYSE
Arca Equities Rule 8.600 applicable to
Managed Fund Shares 7 and that the
Shares will comply with Rule 10A–3
under the Act,8 as provided by NYSE
Arca Equities Rule 5.3. Additionally,
among other things, the composition of
the Fund’s portfolio, on a continual
basis, will be subject to the following:
component stocks that in the aggregate
account for at least 90% of the weight
of the Fund’s portfolio each shall have
a minimum global market value of at
least $100 million; component stocks
that in the aggregate account for at least
70% of the weight of the Fund’s
portfolio each shall have a minimum
global monthly trading volume of
250,000 shares, or minimum global
notional volume traded per month of
$25,000,000, averaged over the last six
months; a minimum of 20 component
stocks of which the most heavily
weighted component stock shall not
6 According to the Registration Statement, DRs,
which include ADRs, GDRs, Euro DRs and NYSs,
are negotiable securities that generally represent a
non-U.S. company’s publicly traded equity or debt.
Depositary Receipts may be purchased in the U.S.
secondary trading market. They may trade freely,
just like any other security, either on an exchange
or in the over-the-counter market. Although
typically denominated in U.S. dollars, Depositary
Receipts can also be denominated in Euros.
Depositary Receipts can trade on all U.S. stock
exchanges as well as on many European stock
exchanges.
7 The Exchange states that a minimum of 100,000
Shares will be outstanding at the commencement of
trading on the Exchange, and the Exchange will
obtain a representation from the issuer of the Shares
that the net asset value (‘‘NAV’’) per Share will be
calculated daily and that the NAV and the
Disclosed Portfolio will be made available to all
market participants at the same time. See Notice,
supra note 3.
8 17 CFR 240.10A–3.
E:\FR\FM\21JYN1.SGM
21JYN1
Agencies
[Federal Register Volume 75, Number 139 (Wednesday, July 21, 2010)]
[Notices]
[Page 42471]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-17780]
-----------------------------------------------------------------------
SMALL BUSINESS ADMINISTRATION
[Disaster Declaration 12151 and 12152]
North Dakota Disaster Number ND-00022
AGENCY: U.S. Small Business Administration.
ACTION: Amendment 3.
-----------------------------------------------------------------------
SUMMARY: This is an amendment of the Presidential declaration of a
major disaster for Public Assistance Only for the State of North Dakota
(FEMA-1907-DR), dated 04/30/2010.
Incident: Flooding.
Incident Period: 02/26/2010 through 07/15/2010.
Effective Date: 07/15/2010.
Physical Loan Application Deadline Date: 06/29/2010.
Economic Injury (EIDL) Loan Application Deadline Date: 01/31/2011.
ADDRESSES: Submit completed loan applications to: U.S. Small Business
Administration, Processing And Disbursement Center, 14925 Kingsport
Road, Fort Worth, TX 76155.
FOR FURTHER INFORMATION CONTACT: A. Escobar, Office of Disaster
Assistance, U.S. Small Business Administration, 409 3rd Street, SW.,
Suite 6050, Washington, DC 20416.
SUPPLEMENTARY INFORMATION: The notice of the President's major disaster
declaration for Private Non-Profit organizations in the State of NORTH
DAKOTA, dated 04/30/2010, is hereby amended to establish the incident
period for this disaster as beginning 02/26/2010 and continuing through
07/15/2010.
All other information in the original declaration remains
unchanged.
(Catalog of Federal Domestic Assistance Numbers 59002 and 59008)
James E. Rivera,
Associate Administrator for Disaster Assistance.
[FR Doc. 2010-17780 Filed 7-20-10; 8:45 am]
BILLING CODE 8025-01-P