Sunshine Act Meeting, 58548-58549 [2011-24328]

Download as PDF wreier-aviles on DSK7SPTVN1PROD with NOTICES 58548 Federal Register / Vol. 76, No. 183 / Wednesday, September 21, 2011 / Notices investment advisers to maintain the records that they are required to maintain under federal securities laws. The Commission periodically inspects the operations of funds to insure their compliance with the provisions of the Act and the rules thereunder. The books and records required to be maintained by rule 31a–1 constitute a major focus of the Commission’s inspection program. There are approximately 4218 investment companies registered with the Commission, all of which are required to comply with rule 31a–1. For purposes of determining the burden imposed by rule 31a–1, the Commission staff estimates that each fund is divided into approximately four series, on average, and that each series is required to comply with the recordkeeping requirements of rule 31a–1. Based on conversations with fund representatives, it is estimated that rule 31a–1 imposes an average burden of approximately 1750 hours annually per series for a total of 7000 annual hours per fund. The estimated total annual burden for all 4218 investment companies subject to the rule therefore is approximately 29,526,000 hours. Based on conversations with fund representatives, however, the Commission staff estimates that even absent the requirements of rule 31a–1, 90 percent of the records created pursuant to the rule are the type that generally would be created as a matter of normal business practice and to prepare financial statements, estimated to be approximately 26,573,400 annual hours. Thus, the Commission staff estimates that the total annual burden associated with rule 31a–1 is 2,952,600 hours. The estimate of average burden hours is made solely for the purposes of the Paperwork Reduction Act, and is not derived from a comprehensive or even a representative survey or study. The collection of information required by rule 31a–1 is mandatory. Responses will not be kept confidential. The records required by rule 31a–1 are required to be preserved pursuant to rule 31a–2 under the Investment Company Act (17 CFR 270.31a–2). Rule 31a–2 requires that certain of these records be preserved permanently, and that others be preserved six years from the end of the fiscal year in which any transaction occurred. In both cases, the records should be kept in an easily accessible place for the first two years. An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless it displays a currently valid OMB control number. VerDate Mar<15>2010 15:20 Sep 20, 2011 Jkt 223001 The public may view the background documentation for this information collection at the following Web site, http://www.reginfo.gov. Comments should be directed to: (i) Desk Officer for the Securities and Exchange Commission, Office of Information and Regulatory Affairs, Office of Management and Budget, Room 10102, New Executive Office Building, Washington, DC 20503, or by sending an e-mail to: Shagufta_Ahmed@omb.eop.gov ; and (ii) Thomas Bayer, Director/Chief Information Officer, Securities and Exchange Commission, c/o Remi PavlikSimon, 6432 General Green Way, Alexandria, VA 22312 or send an e-mail to: PRA_Mailbox@sec.gov. Comments must be submitted to OMB within 30 days of this notice. September 15, 2011. Elizabeth M. Murphy, Secretary. [FR Doc. 2011–24177 Filed 9–20–11; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION Submission for OMB Review; Comment Request Upon Written Request, Copies Available From: Securities and Exchange Commission, Office of Investor Education and Advocacy, Washington, DC 20549–0213. Extension: Rule 17a–19; SEC File No. 270– 148; OMB Control No. 3235–0133. Notice is hereby given that, pursuant to the Paperwork Reduction Act of 1995 (‘‘PRA’’) (44 U.S.C. 3501 et seq.), the Securities and Exchange Commission (‘‘Commission’’) has submitted to the Office of Management and Budget (‘‘OMB’’) a request for approval of extension of the previously approved collection of information provided for in Rule 17a–19 (17 CFR 240.17a–19) and Form X–17A–19 of the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.). Rule 17a–19 requires national securities exchanges and registered national securities associations to file a Form X–17A–19 with the Commission within 5 days of the initiation, suspension or termination of a member in order to notify the Commission that a change in designated examining authority may be necessary. It is anticipated that ten national securities exchanges and registered national securities associations collectively will make 1,200 total filings annually pursuant to Rule 17a–19 and PO 00000 Frm 00089 Fmt 4703 Sfmt 4703 that each filing will take approximately 15 minutes. The total burden is estimated to be approximately 300 total annual hours. The Commission may not conduct or sponsor a collection of information unless it displays a currently valid OMB control number. No person shall be subject to any penalty for failing to comply with a collection of information subject to the PRA that does not display a valid OMB control number. Background documentation for this information collection may be viewed at the following link, http:// www.reginfo.gov. Comments should be directed to: (i) Desk Officer for the Securities and Exchange Commission, Office of Information and Regulatory Affairs, Office of Management and Budget, Room 10102, New Executive Office Building, Washington, DC 20503, or by sending an e-mail to: Shagufta_Ahmed@omb.eop.gov; and (ii) Thomas Bayer, Director/Chief Information Officer, Securities and Exchange Commission, c/o Remi PavlikSimon, 6432 General Green Way, Alexandria, VA 22312 or send an e-mail to: PRA_Mailbox@sec.gov. Comments must be submitted to OMB within 30 days of this notice. September 15, 2011. Elizabeth M. Murphy, Secretary. [FR Doc. 2011–24176 Filed 9–20–11; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION Sunshine Act Meeting Federal Register citation of previous announcement: [76 FR 57772]. STATUS: Open Meeting. PLACE: 100 F Street, NW., Washington, DC. DATE AND TIME OF PREVIOUSLY ANNOUNCED MEETING: September 19, 2011 at 10 a.m. Deletion of an Item. The following item will not be considered during the Commission’s Open Meeting on September 19, 2011 at 10 a.m. The Commission will consider whether to propose new rules under Section 764(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act to provide for the registration of security-based swap dealers and major security-based swap participants. At times, changes in Commission priorities require alterations in the scheduling of meeting items. For further information and to ascertain what, if CHANGE IN THE MEETING: E:\FR\FM\21SEN1.SGM 21SEN1 Federal Register / Vol. 76, No. 183 / Wednesday, September 21, 2011 / Notices any, matters have been added, deleted or postponed, please contact the Office of the Secretary at (202) 551–5400. September 16, 2011. Elizabeth M. Murphy, Secretary. [FR Doc. 2011–24328 Filed 9–19–11; 11:15 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–65344; File No. SR– NYSEArca–2011–48] Self-Regulatory Organizations; NYSE Arca, Inc.; Order Approving a Proposed Rule Change To List and Trade Shares of the Teucrium Wheat Fund, the Teucrium Soybean Fund and the Teucrium Sugar Fund Under NYSE Arca Equities Rule 8.200, Commentary .02 September 15, 2011. I. Introduction On July 11, 2011, NYSE Arca, Inc. (‘‘Exchange’’ or ‘‘NYSE Arca’’) 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 of the Teucrium Wheat Fund, the Teucrium Soybean Fund, and the Teucrium Sugar Fund under Commentary .02 to NYSE Arca Equities Rule 8.200. The proposed rule change was published for comment in the Federal Register on August 1, 2011.3 The Commission received no comments on the proposal. This order grants approval of the proposed rule change. II. Description of the Proposed Rule Change The Exchange proposes to list and trade shares (‘‘Shares’’) of the Teucrium Wheat Fund, the Teucrium Soybean Fund, and the Teucrium Sugar Fund (each a ‘‘Fund’’ and, collectively, ‘‘Funds’’) 4 pursuant to NYSE Arca 1 15 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 See Securities Exchange Act Release No. 64967 (July 26, 2011), 76 FR 45885 (‘‘Notice’’). 4 See Amendment No. 3 to Form S–1 for Teucrium Commodity Trust, dated June 3, 2011 (File No. 333–167591) relating to the Teucrium Wheat Fund; Amendment No. 3 to Form S–1 for Teucrium Commodity Trust, dated June 3, 2011 (File No. 333–167590) relating to the Teucrium Soybean Fund; and Amendment No. 3 to Form S– 1 for Teucrium Commodity Trust, dated June 3, 2011 (File No. 333–167585) relating to the Teucrium Sugar Fund (each, a ‘‘Registration Statement,’’ and, collectively, the ‘‘Registration Statements’’). wreier-aviles on DSK7SPTVN1PROD with NOTICES 2 17 VerDate Mar<15>2010 15:20 Sep 20, 2011 Jkt 223001 Equities Rule 8.200, Commentary .02, which permits the trading of Trust Issued Receipts either by listing or pursuant to unlisted trading privileges.5 The Funds are commodity pools that are series of the Teucrium Commodity Trust (‘‘Trust’’), a Delaware statutory trust. The Funds are managed and controlled by Teucrium Trading, LLC (‘‘Sponsor’’). The Sponsor is a Delaware limited liability company that is registered as a commodity pool operator with the Commodity Futures Trading Commission (‘‘CFTC’’) and is a member of the National Futures Association. Teucrium Wheat Fund The investment objective of the Teucrium Wheat Fund is to have the daily changes in percentage terms of the Shares’ net asset value (‘‘NAV’’) reflect the daily changes in percentage terms of a weighted average of the closing settlement prices for three futures contracts for wheat (wheat futures contracts generally referred to herein as ‘‘Wheat Futures Contracts’’) that are traded on the Chicago Board of Trade (‘‘CBOT’’), specifically: (1) The secondto-expire CBOT Wheat Futures Contract, weighted 35%; (2) the third-to-expire CBOT Wheat Futures Contract, weighted 30%; and (3) the CBOT Wheat Futures Contract expiring in the December following the expiration month of the third-to-expire contract, weighted 35%. The weighted average of the three above-referenced Wheat Futures Contracts is referred to herein as the ‘‘Wheat Benchmark,’’ and the three Wheat Futures Contracts that at any given time make up the Wheat Benchmark are referred to herein as the ‘‘Wheat Benchmark Component Futures Contracts.’’ The Fund seeks to achieve its investment objective by investing under normal market conditions in Wheat Benchmark Component Futures Contracts or, in certain circumstances, in other Wheat Futures Contracts traded on the CBOT, the Kansas City Board of Trade (‘‘KCBT’’), or the Minneapolis Grain Exchange (‘‘MGEX’’), or Wheat Futures Contracts traded on foreign exchanges. In addition, and to a limited extent, the Fund also may invest in exchange-traded options on Wheat Futures Contracts, and in wheat-based swap agreements that are cleared 5 Commentary .02 to NYSE Arca Equities Rule 8.200 applies to Trust Issued Receipts that invest in ‘‘Financial Instruments.’’ The term ‘‘Financial Instruments,’’ as defined in Commentary .02(b)(4) to NYSE Arca Equities Rule 8.200, means any combination of investments, including cash; securities; options on securities and indices; futures contracts; options on futures contracts; forward contracts; equity caps, collars and floors; and swap agreements. PO 00000 Frm 00090 Fmt 4703 Sfmt 4703 58549 through the CBOT or its affiliated provider of clearing services (‘‘Cleared Wheat Swaps’’) in furtherance of the Fund’s investment objective. Specifically, once position limits in CBOT Wheat Futures Contracts are reached, the Fund’s intention is to invest first in Cleared Wheat Swaps to the extent permitted under the position limits applicable to Cleared Wheat Swaps and appropriate in light of the liquidity in the Cleared Wheat Swaps market, and then, using its commercially reasonable judgment, in other Wheat Futures Contracts (i.e., Wheat Futures Contracts traded on KCBT, MGEX or traded on foreign exchanges) or instruments such as cashsettled options on Wheat Futures Contracts and forward contracts, swaps other than Cleared Wheat Swaps, and other over-the-counter transactions that are based on the price of wheat and Wheat Futures Contracts (collectively, ‘‘Other Wheat Interests,’’ and together with Wheat Futures Contracts and Cleared Wheat Swaps, ‘‘Wheat Interests’’). By utilizing certain or all of these investments, the Sponsor will endeavor to cause the Fund’s performance to closely track that of the Wheat Benchmark. The Fund seeks to achieve its investment objective primarily by investing in Wheat Interests such that daily changes in the Fund’s NAV will be expected to closely track the changes in the Wheat Benchmark. The Fund’s positions in Wheat Interests will be changed or ‘‘rolled’’ on a regular basis in order to track the changing nature of the Wheat Benchmark. For example, five times a year (on the date on which a Wheat Futures Contract expires), the second-to-expire Wheat Futures Contract will become the next-to-expire Wheat Futures Contract and will no longer be a Wheat Benchmark Component Futures Contract, and the Fund’s investments will have to be changed accordingly.6 Consistent with achieving the Fund’s investment objective of closely tracking the Wheat Benchmark, the Sponsor may for certain reasons cause the Fund to enter into or hold Cleared Wheat Swaps and/or Other Wheat Interests. For example, certain Cleared Wheat Swaps have standardized terms similar to, and are priced by reference to, a corresponding Wheat Benchmark 6 For each of the Funds, in order that the Fund’s trading does not cause unwanted market movements and to make it more difficult for third parties to profit by trading based on such expected market movements, the Fund’s investments typically will not be rolled entirely on that day, but rather will typically be rolled over a period of several days. E:\FR\FM\21SEN1.SGM 21SEN1

Agencies

[Federal Register Volume 76, Number 183 (Wednesday, September 21, 2011)]
[Notices]
[Pages 58548-58549]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-24328]


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SECURITIES AND EXCHANGE COMMISSION


Sunshine Act Meeting

    Federal Register citation of previous announcement: [76 FR 57772].

STATUS:  Open Meeting.

PLACE:  100 F Street, NW., Washington, DC.

DATE AND TIME OF PREVIOUSLY ANNOUNCED MEETING:  September 19, 2011 at 
10 a.m.

CHANGE IN THE MEETING:  Deletion of an Item.
    The following item will not be considered during the Commission's 
Open Meeting on September 19, 2011 at 10 a.m.
    The Commission will consider whether to propose new rules under 
Section 764(a) of the Dodd-Frank Wall Street Reform and Consumer 
Protection Act to provide for the registration of security-based swap 
dealers and major security-based swap participants.
    At times, changes in Commission priorities require alterations in 
the scheduling of meeting items. For further information and to 
ascertain what, if

[[Page 58549]]

any, matters have been added, deleted or postponed, please contact the 
Office of the Secretary at (202) 551-5400.

     September 16, 2011.
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2011-24328 Filed 9-19-11; 11:15 am]
BILLING CODE 8011-01-P