Sunshine Act Meetings, 39027 [2013-15580]
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Federal Register / Vol. 78, No. 125 / Friday, June 28, 2013 / Notices
select, and recommend Sub-Advisers to
manage all or a portion of a SubAdvised Series’ assets, and (c)
implement procedures reasonably
designed to ensure that Sub-Advisers
comply with a Sub-Advised Series’
investment objective, policies and
restrictions. Subject to review by the
Board, the Adviser will (a) when
appropriate, allocate and reallocate a
Sub-Advised Series’ assets among
multiple Sub-Advisers; and (b) monitor
and evaluate the performance of SubAdvisers.
4. A Sub-Advised Series will not
make any Ineligible Sub-Adviser
Changes without the approval of the
shareholders of the applicable SubAdvised Series.
5. A Sub-Advised Series will inform
shareholders (or, if the Sub-Advised
Series serves as a funding medium for
any sub-account of a registered separate
account, the Adviser will inform the
unitholders of the sub-account) of the
hiring of a new Sub-Adviser within 90
days after the hiring of the new SubAdviser pursuant to the Modified Notice
and Access Procedures.
6. At all times, at least a majority of
the Board will be Independent Board
Members, and the selection and
nomination of new or additional
Independent Board Members will be
placed within the discretion of the thenexisting Independent Board Members.
7. Independent Legal Counsel, as
defined in rule 0–1(a)(6) under the Act,
will be engaged to represent the
Independent Board Members. The
selection of such counsel will be within
the discretion of the then-existing
Independent Board Members.
8. The Adviser will provide the
Board, no less frequently than quarterly,
with information about the profitability
of the Adviser on a per Sub-Advised
Series basis. The information will reflect
the impact on profitability of the hiring
or termination of any sub-adviser during
the applicable quarter.
9. Whenever a sub-adviser is hired or
terminated, the Adviser will provide the
Board with information showing the
expected impact on the profitability of
the Adviser.
10. Whenever a sub-adviser change is
proposed for a Sub-Advised Series with
an Affiliated Sub-Adviser or a WhollyOwned Sub-Adviser, the Board,
including a majority of the Independent
Board Members, will make a separate
finding, reflected in the Board minutes,
that such change is in the best interests
of the Sub-Advised Series and its
shareholders and does not involve a
conflict of interest from which the
Adviser or the Affiliated Sub-Adviser or
VerDate Mar<15>2010
19:17 Jun 27, 2013
Jkt 229001
Wholly-Owned Sub-Adviser derives an
inappropriate advantage.
11. No Board member or officer of a
Sub-Advised Series, 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 Sub-Adviser, except: (1) For
ownership of interests in the Adviser or
any entity, except a Wholly-Owned SubAdviser, that controls, is controlled by,
or is under common control with the
Adviser; or (2) for the ownership of less
than 1% of the outstanding securities of
any class of equity or debt of a publiclytraded company that is either a SubAdviser or an entity that controls, is
controlled by, or is under common
control with a Sub-Adviser.
12. Each Sub-Advised Series will
disclose the Aggregate Fee Disclosure in
its registration statement.
13. In the event the Commission
adopts a rule under the Act providing
substantially similar relief to that
requested in the application, the
requested order will expire on the
effective date of that rule.
For the Commission, by the Division of
Investment Management, under delegated
authority.
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2013–15506 Filed 6–27–13; 8:45 am]
39027
The subject matter of the Closed
Meeting scheduled for Tuesday, July 2,
2013 will be:
Institution and settlement of
injunctive actions;
institution and settlement of
administrative proceedings;
adjudicatory matters; 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: June 25, 2013.
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2013–15580 Filed 6–26–13; 11:15 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–69838; File No. 600–23]
Order Granting the Fixed Income
Clearing Corporation’s Amended
Application for Permanent Registration
as a Clearing Agency
June 24, 2013.
BILLING CODE 8011–01–P
I. Introduction
SECURITIES AND EXCHANGE
COMMISSION
Sunshine Act Meetings
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 Tuesday, July 2, 2013 at 11:00 a.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)(5), (7), 9(B) and (10) and
17 CFR 200.402(a)(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.
PO 00000
Frm 00116
Fmt 4703
Sfmt 4703
On April 5, 2013, the Fixed Income
Clearing Corporation (‘‘FICC’’) filed
with the Securities and Exchange
Commission (‘‘Commission’’) an
amended application on Form CA–1 1
seeking permanent registration as a
clearing agency under Sections 17A and
19(a) of the Securities Exchange Act of
1934 (‘‘Act’’) 2 and Rule 17Ab2–1
thereunder.3 Notice of the amended
application was published in the
Federal Register on April 17, 2013.4
The Commission received no comments
on the notice. This Order grants FICC
1 See Letter from Donaldine Temple, Senior
Associate Counsel and Corporate Secretary, FICC, to
Joseph P. Kamnik, Assistant Director, Division of
Trading and Markets, Securities and Exchange
Commission (April 4, 2013). The amendment filed
by FICC updates all of the information required by
Form CA–1, and incorporates by reference all
information submitted in connection with FICC’s
prior application and amendments thereto, to the
extent not otherwise superseded by proposed rule
changes filed pursuant to Section 19(b) of the Act
or by FICC’s amended Form CA–1.
2 15 U.S.C. 78q–1; 15 U.S.C. 78s(a).
3 17 CFR 240.17Ab2–1.
4 See Securities Exchange Act Release No. 69362
(April 11, 2013), 78 FR 22923–01 (April 17, 2013)
(File No. 600–23).
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[Federal Register Volume 78, Number 125 (Friday, June 28, 2013)]
[Notices]
[Page 39027]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-15580]
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SECURITIES AND EXCHANGE COMMISSION
Sunshine Act Meetings
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 Tuesday, July 2,
2013 at 11:00 a.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)(5), (7), 9(B) and (10) and 17 CFR 200.402(a)(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 Tuesday,
July 2, 2013 will be:
Institution and settlement of injunctive actions;
institution and settlement of administrative proceedings;
adjudicatory matters; 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: June 25, 2013.
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2013-15580 Filed 6-26-13; 11:15 am]
BILLING CODE 8011-01-P
