Sunshine Act Meeting Notice, 18280 [2012-7385]
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18280
Federal Register / Vol. 77, No. 59 / Tuesday, March 27, 2012 / Notices
discretion of the then-existing
Independent Trustees.
7. Whenever a Subadviser change is
proposed for a Subadvised Fund with
an Affiliated Subadviser, the Board,
including a majority of the Independent
Trustees, will make a separate finding,
reflected in the Board minutes, that the
change is in the best interests of the
Subadvised Fund and its shareholders,
and does not involve a conflict of
interest from which the Adviser or the
Affiliated Subadviser derives an
inappropriate advantage.
8. Whenever a Subadviser is hired or
terminated, the Adviser will provide the
Board with information showing the
expected impact on the profitability of
the Adviser.
9. Each Adviser will provide the
Board, no less frequently than quarterly,
with information about the profitability
of the Adviser on a per Subadvised
Fund basis. The information will reflect
the impact on profitability of the hiring
or termination of any Subadviser during
the applicable quarter.
10. The Adviser will provide general
management services to each
Subadvised Fund, including overall
supervisory responsibility for the
general management and investment of
the Subadvised Fund’s assets and,
subject to review and approval of the
Board, will: (i) Set the Subadvised
Fund’s overall investment strategies; (ii)
evaluate, select, and recommend
Subadvisers to manage all or a portion
of the Subadvised Fund’s assets; (iii)
allocate and, when appropriate,
reallocate the Subadvised Fund’s assets
among Subadvisers; (iv) monitor and
evaluate the Subadvisers’ performance;
and (v) implement procedures
reasonably designed to ensure that
Subadvisers comply with the
Subadvised Fund’s investment
objective, policies and restrictions.
11. No Trustee or officer of the Trust
or of a Subadvised Fund or director or
officer of the Adviser, will own directly
or indirectly (other than through a
pooled investment vehicle that is not
controlled by such person) any interest
in a Subadviser except for (i) ownership
of interests in the Adviser or any entity
that controls, is controlled by or is
under common control with the
Adviser; or (ii) ownership of less than
1% of the outstanding securities of any
class of equity or debt of any publicly
traded company that is either a
Subadviser or an entity that controls, is
controlled by or is under common
control with a Subadviser.
12. Each Subadvised Fund will
disclose in its registration statement the
Aggregate Fee Disclosure.
VerDate Mar<15>2010
17:14 Mar 26, 2012
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13. In the event the Commission
adopts a rule under the Act providing
substantially similar relief to that in the
order requested in the Application, the
requested order will expire on the
effective date of that rule.
14. For Subadvised Funds that pay
fees to a Subadviser directly from fund
assets, any changes to a Subadvisory
Agreement that would result in an
increase in the total management and
advisory fees payable by a Subadvised
Fund will be required to be approved by
the shareholders of the Subadvised
Fund.
For the Commission, by the Division of
Investment Management, under delegated
authority.
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2012–7282 Filed 3–26–12; 8:45 am]
added, deleted or postponed, please
contact: The Office of the Secretary at
(202) 551–5400.
Dated: March 22, 2012.
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2012–7385 Filed 3–23–12; 11:15 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–66636; File No. SR–
NASDAQ–2012–035]
Self-Regulatory Organizations; The
NASDAQ Stock Market LLC; Notice of
Filing and Immediate Effectiveness of
Proposed Rule Change To Assess a
Fee for the QView Service
BILLING CODE 8011–01–P
March 21, 2012.
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, March 29, 2012 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 Gallagher, 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, March
29, 2012 will be:
Institution and settlement of
injunctive actions;
Institution and settlement of
administrative proceedings;
An adjudicatory matter; 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
PO 00000
Frm 00079
Fmt 4703
Sfmt 4703
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 March
15, 2012, The NASDAQ Stock Market
LLC (the ‘‘Exchange’’ or ‘‘NASDAQ’’)
filed with the Securities and Exchange
Commission (the ‘‘Commission’’) the
proposed rule change as described in
Items I, II, and III below, which Items
have been prepared by the Exchange.
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 Exchange proposes to assess a fee
for the QView service, which provides
a subscribing member firm with
increased transparency over its trading
activity on the Exchange by allowing the
member to track its Exchange order
flow. The Exchange will implement the
proposed fee effective March 15, 2012.
The text of the proposed rule change
is below. Proposed new language is in
italics; proposed deletions are in
brackets.
7058. QView
QView is a web-based tool designed to give
a subscribing member the ability to track its
order flow on Nasdaq, and create both realtime and historical reports of such order
flow. Members may subscribe to QView for
a fee of $600 per month, per member firm [at
no cost].
*
*
1 15
2 17
E:\FR\FM\27MRN1.SGM
*
*
U.S.C. 78s(b)(1).
CFR 240.19b–4.
27MRN1
*
]]>Agencies
[Federal Register Volume 77, Number 59 (Tuesday, March 27, 2012)]
[Notices]
[Page 18280]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-7385]
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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, March
29, 2012 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 Gallagher, 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,
March 29, 2012 will be:
Institution and settlement of injunctive actions;
Institution and settlement of administrative proceedings;
An adjudicatory matter; 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: March 22, 2012.
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2012-7385 Filed 3-23-12; 11:15 am]
BILLING CODE 8011-01-P
