Guar Global Ltd.; Order of Suspension of Trading, 74216 [2013-29529]
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Federal Register / Vol. 78, No. 237 / Tuesday, December 10, 2013 / Notices
maindgalligan on DSK5TPTVN1PROD with NOTICES
Exchange rules and applicable federal
securities laws.
(4) The Exchange may obtain
information regarding trading in the
Shares and the underlying shares in
investment companies, futures, and
options via the ISG, from other
exchanges who are members or affiliates
of the ISG or with which the Exchange
has entered into a comprehensive
surveillance sharing agreement.36
(5) Prior to the commencement of
trading, the Exchange will inform its
members in an Information Circular
(‘‘Circular’’) of the special
characteristics and risks associated with
trading the Shares. Specifically, the
Circular will discuss the following: (a)
The procedures for purchases and
redemptions of Shares in Creation Units
(and that Shares are not individually
redeemable); (b) BATS Rule 3.7, which
imposes suitability obligations on
Exchange members with respect to
recommending transactions in the
Shares to customers; (c) how
information regarding the IIV is
disseminated; (d) the risks involved in
trading the Shares during the PreOpening 37 and After Hours Trading
Sessions 38 when an updated IIV will
not be calculated or publicly
disseminated; (e) the requirement that
members deliver a prospectus to
investors purchasing newly issued
Shares prior to or concurrently with the
confirmation of a transaction; and (f)
trading information.
(6) For initial and continued listing,
the Fund must be in compliance with
Rule 10A–3 under the Act.39
(7) The Fund may hold up to an
aggregate amount of 15% of its net
assets in illiquid securities (calculated
at the time of investment), including
Rule 144A securities deemed illiquid by
the Adviser under the 1940 Act. The
Fund will monitor its portfolio liquidity
on an ongoing basis to determine
whether, in light of current
circumstances, an adequate level of
liquidity is being maintained, and will
consider taking appropriate steps in
order to maintain adequate liquidity if,
through a change in values, net assets,
or other circumstances, more than 15%
of the Fund’s net assets are held in
illiquid securities.
36 The
Exchange represents that all of the
investment company securities, futures, and
options will trade on markets that are members of
ISG or with which the Exchange has in place a
comprehensive surveillance sharing agreement.
37 The Pre-Opening Session is from 8:00 a.m. to
9:30 a.m. Eastern Time.
38 The After Hours Trading Session is from 4:00
p.m. to 5:00 p.m. Eastern Time.
39 See 17 CFR 240.10A–3.
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(8) The Fund may engage in
derivatives transactions, including
transactions in futures contracts,
options, and swaps, to a limited extent
(under normal circumstances, less than
20% of the Fund’s net assets). The
derivatives will be exchange-traded or
centrally cleared, and they will be
collateralized.
(9) The Fund’s investments will be
consistent with the Fund’s investment
objective and will not be used to
enhance leverage.
(10) The Fund’s portfolio will meet
certain criteria for index-based, fixed
income exchange-traded funds
contained in Rule 14.11(c)(4)(B)(i).40
(11) The Fund will not invest in nonU.S. equity securities.
(12) A minimum of 100,000 Shares
will be outstanding at the
commencement of trading on the
Exchange.
This approval order is based on all of
the Exchange’s representations and
description of the Fund, including those
set forth above and in the Notice.
For the foregoing reasons, the
Commission finds that the proposed
rule change is consistent with Section
6(b)(5) of the Act 41 and the rules and
regulations thereunder applicable to a
national securities exchange.
IV. Conclusion
It is therefore ordered, pursuant to
Section 19(b)(2) of the Act,42 that the
proposed rule change (SR–BATS–2013–
051) be, and it hereby is, approved.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.43
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2013–29386 Filed 12–9–13; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[File No. 500–1]
Guar Global Ltd.; Order of Suspension
of Trading
December 6, 2013.
It appears to the Securities and
Exchange Commission that the public
interest and the protection of investors
require a suspension of trading in the
securities of Guar Global Ltd. (‘‘Guar
Global’’) because of concerns regarding
the accuracy and adequacy of
information in the marketplace and
40 See
supra note 20 and accompanying text.
U.S.C. 78f(b)(5).
42 15 U.S.C. 78s(b)(2).
43 17 CFR 200.30–3(a)(12).
41 15
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potentially manipulative transactions in
Guar Global’s common stock. Guar
Global is a Nevada corporation based in
McKinney, Texas. It is quoted on OTC
Link under the symbol GGBL.
The Commission is of the opinion that
the public interest and the protection of
investors require a suspension of trading
in the securities of the above-listed
company.
Therefore, it is ordered, pursuant to
Section 12(k) of the Securities Exchange
Act of 1934, that trading in the
securities of the above-listed company is
suspended for the period from 9:30 a.m.
EST on December 6, 2013 through 11:59
p.m. EST on December 19, 2013.
By the Commission.
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2013–29529 Filed 12–6–13; 4:15 pm]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[File No. 500–1]
Aden Solutions, Inc.; Order of
Suspension of Trading
December 6, 2013.
It appears to the Securities and
Exchange Commission that there is a
lack of current and accurate information
concerning the securities of Aden
Solutions, Inc. The company has not
filed any periodic reports since the
period ended September 30, 2011 and
there are questions regarding the
accuracy of publicly available
information about the company.
The Commission is of the opinion that
the public interest and the protection of
investors require a suspension of trading
in the securities of the above-listed
company.
Therefore, it is ordered, pursuant to
Section 12(k) of the Securities Exchange
Act of 1934, that trading in the
securities of the above-listed company is
suspended for the period from 9:30 a.m.
EST on December 6, 2013, through
11:59 p.m. EST on December 19, 2013.
By the Commission.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2013–29528 Filed 12–6–13; 4:15 pm]
BILLING CODE 8011–01–P
SMALL BUSINESS ADMINISTRATION
Reporting and Recordkeeping
Requirements Under OMB Review
AGENCY:
E:\FR\FM\10DEN1.SGM
Small Business Administration.
10DEN1
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[Federal Register Volume 78, Number 237 (Tuesday, December 10, 2013)]
[Notices]
[Page 74216]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-29529]
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SECURITIES AND EXCHANGE COMMISSION
[File No. 500-1]
Guar Global Ltd.; Order of Suspension of Trading
December 6, 2013.
It appears to the Securities and Exchange Commission that the
public interest and the protection of investors require a suspension of
trading in the securities of Guar Global Ltd. (``Guar Global'') because
of concerns regarding the accuracy and adequacy of information in the
marketplace and potentially manipulative transactions in Guar Global's
common stock. Guar Global is a Nevada corporation based in McKinney,
Texas. It is quoted on OTC Link under the symbol GGBL.
The Commission is of the opinion that the public interest and the
protection of investors require a suspension of trading in the
securities of the above-listed company.
Therefore, it is ordered, pursuant to Section 12(k) of the
Securities Exchange Act of 1934, that trading in the securities of the
above-listed company is suspended for the period from 9:30 a.m. EST on
December 6, 2013 through 11:59 p.m. EST on December 19, 2013.
By the Commission.
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2013-29529 Filed 12-6-13; 4:15 pm]
BILLING CODE 8011-01-P
