Sunshine Act Meeting, 25726-25727 [2011-11061]
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25726
Federal Register / Vol. 76, No. 87 / Thursday, May 5, 2011 / Notices
Banknorth Funds [File No. 811–10021]
SECURITIES AND EXCHANGE
COMMISSION
[Release No. IC–29663]
Notice of Applications for
Deregistration Under Section 8(f) of the
Investment Company Act of 1940
April 29, 2011.
jlentini on DSKJ8SOYB1PROD with NOTICES
The following is a notice of
applications for deregistration under
section 8(f) of the Investment Company
Act of 1940 for the month of April 2011.
A copy of each application may be
obtained via the Commission’s Web site
by searching for the file number, or an
applicant using the Company name box,
at https://www.sec.gov/search/
search.htm or by calling (202)551–8090.
An order granting each application will
be issued unless the SEC orders a
hearing. Interested persons may request
a hearing on any application by writing
to the SEC’s Secretary at the address
below and serving the relevant
applicant with a copy of the request,
personally or by mail. Hearing requests
should be received by the SEC by 5:30
p.m. on May 24, 2011, and should be
accompanied by proof of service on the
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 Secretary, U.S. Securities
and Exchange Commission, 100 F
Street, NE., Washington, DC 20549–
1090.
For Further Information Contact:
Diane L. Titus at (202) 551–6810, SEC,
Division of Investment Management,
Office of Investment Company
Regulation, 100 F Street, NE.,
Washington, DC 20549–4041.
Federated American Leaders Fund, Inc.
[File No. 811–1704]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. On September 18,
2009, applicant transferred its assets to
Federated Clover Value Fund, a series of
Federated Equity Funds, based on net
asset value. Expenses of approximately
$577,896 incurred in connection with
the reorganization were paid by
applicant, Federated Equity
Management Company of Pennsylvania,
applicant’s investment adviser, or its
affiliates.
Filing Dates: The application was
filed on April 12, 2011 and amended on
April 26, 2011.
Applicant’s Address: Federated
Investors Funds, 4000 Ericsson Dr.,
Warrendale, PA 15086–7561.
VerDate Mar<15>2010
17:22 May 04, 2011
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Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. On August 27,
2004, applicant transferred its asset to
corresponding series of Federated
Equity Funds, Federated Total Return
Series, Inc., and Federated Municipal
Securities Income Trust, based on net
asset value. Expenses of approximately
$71,914 incurred in connection with the
reorganization were paid by Federated
Equity Company of Pennsylvania and
Federated Investment Management
Company, the investment advisers to
the surviving funds, or their affiliates.
Filing Dates: The application was
filed on February 4, 2011 and two
amendments were filed on April 7,
2011.
Applicant’s Address: Federated
Investors Tower, 1001 Liberty Ave.,
Pittsburgh, PA 15222–3779.
Tortoise Total Return Fund, LLC [File
No. 811–22085]
Summary: Applicant, a closed-end
investment company, seeks an order
declaring that it has ceased to be an
investment company. On January 5,
2011, applicant made a final liquidating
distribution to its shareholders, based
on net asset value. Expenses of
approximately $14,996 incurred in
connection with the liquidation were
paid by applicant. Applicant has
retained approximately $10,188 in cash
to pay any remaining outstanding
expenses.
Filing Dates: The application was
filed on February 15, 2011 and amended
on April 8, 2011.
Applicant’s Address: 11550 Ash St.,
Suite 300, Leawood, KS 66211.
Neuberger Berman Income Opportunity
Fund [File No. 811–21334] Neuberger
Berman High Yield Strategies Fund
[File No. 811–21342]
Summary: Each applicant, a closedend investment company, seeks an
order declaring that it has ceased to be
an investment company. On August 6,
2010, each applicant transferred its
assets to Neuberger Berman High Yield
Strategies Fund Inc., based on net asset
value. Each applicant’s preferred
stockholders received an equivalent
number of shares of preferred stock of
the acquiring fund. Expenses of
$200,000 were incurred in connection
with each reorganization and were paid
by the respective applicant.
Filing Date: The applications were
filed on March 28, 2011.
Applicants’ Address: 605 Third Ave.,
2nd Floor, New York, NY 10158–0180.
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Greenwich Advisors Trust [File No.
811–21996]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. On February 25,
2011, applicant made a liquidating
distribution to its shareholders, based
on net asset value. Expenses of $28,680
incurred in connection with the
liquidation were paid by applicant and
Greenwich Advisors LLC, applicant’s
investment adviser.
Filing Date: The application was filed
on March 31, 2011.
Applicant’s Address: Greenwich
Advisors LLC, 330 Railroad Ave.,
Greenwich, CT 06830.
BlackRock Apex Municipal Fund, Inc.
[File No. 811–5227]
Summary: Applicant, a closed-end
investment company, seeks an order
declaring that it has ceased to be an
investment company. On February 28,
2011, applicant transferred its assets to
BlackRock MuniAssets Fund, Inc.,
based on net asset value. Expenses of
approximately $203,515 incurred in
connection with the reorganization were
paid by applicant.
Filing Date: The application was filed
on April 4, 2011.
Applicant’s Address: 100 Bellevue
Parkway, Wilmington, DE 19809.
Lord Abbett Municipal Income Trust
[File No. 811–6418]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. On November 19,
2010, applicant transferred its assets to
Lord Abbett Municipal Income Fund,
Inc., based on net asset value. Expenses
of $150,000 incurred in connection with
the reorganization were paid by Lord,
Abbett & Co. LLC, applicant’s
investment adviser.
Filing Date: The application was filed
on March 30, 2011.
Applicant’s Address: 90 Hudson St.,
Jersey City, NJ 07302.
For the Commission, by the Division of
Investment Management, pursuant to
delegated authority.
Cathy H. Ahn,
Deputy Secretary.
[FR Doc. 2011–10931 Filed 5–4–11; 8:45 am]
BILLING CODE 8011–01–P
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
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05MYN1
Federal Register / Vol. 76, No. 87 / Thursday, May 5, 2011 / Notices
Commission will hold a roundtable
discussion on money market funds and
systemic risk on Tuesday, May 10, 2011,
in the Multipurpose Room, L–006,
beginning at 2 p.m. The roundtable will
be webcast on the Commission’s Web
site at https://www.sec.gov and will be
archived for later viewing.
The agenda for the roundtable will
include a panel discussion on money
market funds and systemic risk and will
provide a forum for various stakeholders
in money market funds to exchange
views on the potential effectiveness of
certain options in mitigating systemic
risks associated with money market
funds. These will include, but are not
limited to, options raised in the
President’s Working Group report on
possible money market fund reforms
that was issued in October 2010 (https://
www.treasury.gov/press-center/pressreleases/Documents/10.21%20PWG
%20Report%20Final.pdf).
This Sunshine Act notice is being
issued because a majority of the
Commission may attend the roundtable.
For further information, please
contact the Office of the Secretary at
(202) 551–5400.
May 2, 2011.
Elizabeth M. Murphy,
Secretary.
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–64370; File No. SR–CHX–
2011–07]
Self-Regulatory Organizations;
Chicago Stock Exchange, Inc.; Notice
of Filing of Proposed Rule Change To
Amend Minor Rule Violation Plan
jlentini on DSKJ8SOYB1PROD with NOTICES
April 29, 2011.
Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934
(‘‘Act’’) 1 and Rule 19b–4 thereunder,2
notice is hereby given that on April 20,
2011, the Chicago Stock Exchange, Inc.
(‘‘CHX’’ or the ‘‘Exchange’’) filed with the
Securities and Exchange Commission
(‘‘Commission’’) the proposed rule
change as described in Items I and II
below, which Items have been prepared
by the CHX. The Commission is
publishing this notice to solicit
comments on the proposed rule change
from interested persons.
2 17
U.S.C. 78s(b)(1).
CFR 240.19b–4.
VerDate Mar<15>2010
17:22 May 04, 2011
The CHX proposes to amend its rules
that pertain to the Exchange’s minor
rule violation plan. The text of this
proposed rule change is available on the
Exchange’s Web site at (https://
www.chx.com) and in the Commission’s
Public Reference Room, and at https://
www.sec.gov.
II. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
In its filing with the Commission, the
CHX included statements concerning
the purpose of and basis for the
proposed rule changes and discussed
any comments it received regarding the
proposal. The text of these statements
may be examined at the places specified
in Item IV below. The CHX has prepared
summaries, set forth in sections A, B
and C below, of the most significant
aspects of such statements.
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
1. Purpose
[FR Doc. 2011–11061 Filed 5–3–11; 11:15 am]
1 15
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
Jkt 223001
The Exchange’s Minor Rule Violation
Plan (‘‘Plan’’) provides an effective and
efficient method for the Exchange to
encourage its members to fully comply
with applicable rules. Under the Plan,
the Exchange may impose a monetary
fine, instead of instituting a formal
disciplinary proceeding, for a rule
violation that the Exchange has found to
be minor in nature, but which the
Exchange believes should still be the
subject of a meaningful sanction.3
Currently, fines imposed under the Plan
can be up to $2,500 per violation. Each
individual violation is identified to the
Minor Rule Violation Panel (‘‘Panel’’),
which is composed of individuals
associated with an Exchange Participant
firm. The Panel decides whether to
assess fines under the Plan and
determines the amount of the fine.
3 Fines under the Minor Rule Violation Plan
provide an appropriate sanction in many situations.
For example, where member conduct is not
intentional or of such magnitude that it can be
considered reckless, a fine under the Minor Rule
Violation Plan might be an appropriate response to
a first, second or third violation by an Exchange
member. The Exchange is mindful, however, that
more egregious violations should not be handled
through the summary proceedings authorized by
the Minor Rule Violation Plan. The mere fact that
the Exchange is authorized to impose a sanction
pursuant to the Plan does not preclude it from
instituting other disciplinary proceedings. Article
12, Rule 8(f).
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25727
Proposed New Rules for the Minor Rule
Violation Plan
The Exchange is seeking to revise its
list of rules eligible for disposition
under the Plan as well as its
Recommended Fine Schedule (‘‘Fine
Schedule’’) to include a number of new
rules that are currently not eligible for
disposition under the Plan. As a general
matter, the new rules fall into one of
two categories: Reporting and
recordkeeping provisions or tradingrelated rules.
The new reporting and recordkeeping
provisions include the following:
Failure to notify the Exchange of a
request to withdraw capital contribution
(Article 3, Rule 6(b)); failure to request
Exchange approval of the transfer of
equity securities of a participant firm
(Article 3, Rule 11), reporting of loans
(Article 3, Rule 12), failure to provide
the Exchange with information (Article
6, Rules 7); impede or delay an
Exchange examination, inquiry or
investigation (Article 6, Rule 9);
designation of email addresses (Article
3, Rule 13); registration and approval of
personnel (Article 6, Rule 2(a)); written
supervisory procedures (Article 6, Rule
5(b)); failure to report short positions
(Article 7, Rule 9); furnishing of records
(Article 11, Rule 1), maintenance of
books and records (Article 11, Rule 2)
participant communications (Article 11,
Rule 4); market maker registration and
appointment (Article 16, Rule 1), market
maker reporting of position information
(Article 16, Rule 10) and institutional
broker registration and appointment
(Article 17, Rule 1).
The new trading violations which the
Exchange proposes to add to the Plan
include the reporting of transactions
(Article 9, Rule 13); institutional broker
obligations for entry of orders into an
automated system (Article 17, Rule
3(a)); and institutional broker
responsibilities for handling orders
within an integrated system (Article 17,
Rule 3(b)).
In general, the majority of these rules
are similar in nature to the rules already
eligible for disposition under the Plan
inasmuch as they relate to
recordkeeping or reporting obligations
of participants to the Exchange or the
manner in which trading activity occurs
on the Exchange.4 A number of these
additions also relate to registration,
recordkeeping or trading responsibilities
of Exchange-registered market makers or
institutional brokers. Articles 16 and 17
of the Exchange’s rules set forth a
4 A number of these rules had been included in
previous iterations of the Plan.
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Agencies
[Federal Register Volume 76, Number 87 (Thursday, May 5, 2011)]
[Notices]
[Pages 25726-25727]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-11061]
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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
[[Page 25727]]
Commission will hold a roundtable discussion on money market funds and
systemic risk on Tuesday, May 10, 2011, in the Multipurpose Room, L-
006, beginning at 2 p.m. The roundtable will be webcast on the
Commission's Web site at https://www.sec.gov and will be archived for
later viewing.
The agenda for the roundtable will include a panel discussion on
money market funds and systemic risk and will provide a forum for
various stakeholders in money market funds to exchange views on the
potential effectiveness of certain options in mitigating systemic risks
associated with money market funds. These will include, but are not
limited to, options raised in the President's Working Group report on
possible money market fund reforms that was issued in October 2010
(https://www.treasury.gov/press-center/press-releases/Documents/10.21%20PWG%20Report%20Final.pdf).
This Sunshine Act notice is being issued because a majority of the
Commission may attend the roundtable.
For further information, please contact the Office of the Secretary
at (202) 551-5400.
May 2, 2011.
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2011-11061 Filed 5-3-11; 11:15 am]
BILLING CODE 8011-01-P