Sunshine Act Meeting, 7722 [2014-02880]
Download as PDF
<![CDATA[
mstockstill on DSK4VPTVN1PROD with NOTICES
7722
Federal Register / Vol. 79, No. 27 / Monday, February 10, 2014 / Notices
4. A Sub-Advised Series will not
make any Ineligible Affiliated SubAdviser Changes without the approval
of the shareholders of the applicable
Sub-Advised Series.
5. A Sub-Advised Series will inform
shareholders of the hiring of a new SubAdviser within 90 days after the hiring
of the new Sub-Adviser pursuant to the
Modified Notice and Access Procedures.
6. At all times, at least a majority of
the Board will be Independent Trustees,
and the selection and nomination of
new or additional Independent Trustees
will be placed within the discretion of
the then-existing Independent Trustees.
7. Independent Legal Counsel, as
defined in rule 0–1(a)(6) under the Act,
will be engaged to represent the
Independent Trustees. The selection of
such counsel will be within the
discretion of the then-existing
Independent Trustees.
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 WhollyOwned Sub-Adviser, the Board,
including a majority of the Independent
Trustees, 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
Wholly-Owned Sub-Adviser derives an
inappropriate advantage.
11. No Board member or officer of a
Sub-Advised Series or any partner,
director, manager, 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 for (i) ownership of interests in
the Adviser or any entity, other than a
Wholly-Owned Sub-Adviser, 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 a publicly traded
company that is either a Sub-Adviser or
an entity that controls, is controlled by,
or is under common control with a SubAdviser.
VerDate Mar<15>2010
19:25 Feb 07, 2014
Jkt 232001
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. 2014–02766 Filed 2–7–14; 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
Commission will hold a Closed Meeting
on Wednesday, February 12, 2014 at
2:00 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 her designee, has
certified that, in her 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 matter at the Closed Meeting.
Commissioner Aguilar, as duty
officer, voted to consider the items
listed for the Closed Meeting in a closed
session.
The subject matter of the Closed
Meeting will be:
Institution and settlement of
injunctive actions;
Institution and settlement of
administrative proceedings;
Consideration of amicus participation;
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.
PO 00000
Frm 00093
Fmt 4703
Sfmt 4703
Dated: February 5, 2014.
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2014–02880 Filed 2–6–14; 11:15 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–71469; File No. SR–FICC–
2014–801]
Self-Regulatory Organizations; The
Fixed Income Clearing Corporation;
Notice of Filing of an Advance Notice
Concerning the Government Security
Division’s Inclusion of GCF Repo®
Positions in Its Intraday Participant
Clearing Fund Requirement
Calculation, and Its Hourly Internal
Surveillance Cycles
February 4, 2014.
Pursuant to Section 806(e)(1)(A) of the
Payment, Clearing, and Settlement
Supervision Act of 2010 (‘‘Clearing
Supervision Act’’) 1 and Rule 19b–
4(n)(1)(i) of the Securities Exchange Act
of 1934 (‘‘Act’’),2 notice is hereby given
that on January 10, 2014, The Fixed
Income Clearing Corporation (‘‘FICC’’)
filed with the Securities and Exchange
Commission (‘‘Commission’’) the
advance notice as described in Items I,
II and III below, which Items have been
prepared by FICC. The Commission is
publishing this notice to solicit
comments on the advance notice from
interested persons.
I. Clearing Agency’s Statement of the
Terms of Substance of the Proposed
Advance Notice
This advance notice is filed by the
Government Securities Division (the
‘‘GSD’’) of FICC in connection with
including GCF Repo® 3 positions in its
intraday (i.e., noon) participant Clearing
Fund requirement calculation, and its
hourly internal surveillance cycles. The
model change is described in additional
detail below.
1 12 U.S.C. 5465(e)(1)(A). The Financial Stability
Oversight Council designated FICC a systemically
important financial market utility on July 18, 2012.
See Financial Stability Oversight Council 2012
Annual Report, Appendix A, https://
www.treasury.gov/initiatives/fsoc/Documents/
2012%20Annual%20Report.pdf. Therefore, FICC is
required to comply with Title VIII of the DoddFrank Wall Street Reform and Consumer Protection
Act.
2 17 CFR 240.19b–4(n)(1)(i).
3 The GCF Repo® service enables dealers to trade
general collateral repos, based on rate, term, and
underlying product, throughout the day without
requiring intra-day, trade-for-trade settlement on a
Deliver-versus-Payment (DVP) basis. The service
fosters a highly liquid market for securities
financing.
E:\FR\FM\10FEN1.SGM
10FEN1
]]>Agencies
[Federal Register Volume 79, Number 27 (Monday, February 10, 2014)]
[Notices]
[Page 7722]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-02880]
-----------------------------------------------------------------------
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 Commission will hold a Closed Meeting on Wednesday,
February 12, 2014 at 2:00 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 her designee, has
certified that, in her 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 matter at the Closed Meeting.
Commissioner Aguilar, as duty officer, voted to consider the items
listed for the Closed Meeting in a closed session.
The subject matter of the Closed Meeting will be:
Institution and settlement of injunctive actions;
Institution and settlement of administrative proceedings;
Consideration of amicus participation; 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: February 5, 2014.
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2014-02880 Filed 2-6-14; 11:15 am]
BILLING CODE 8011-01-P
