Notice of Applications for Deregistration Under Section 8(f) of the Investment Company Act of 1940, 12707-12708 [2014-04927]

Download as PDF Federal Register / Vol. 79, No. 44 / Thursday, March 6, 2014 / Notices unless it displays a currently valid control number. Please direct your written comment to Thomas Bayer, Director/Chief Information Officer, Securities and Exchange Commission, c/o Remi PavlikSimon, 100 F Street NE., Washington, DC 20549 or send an email to: PRA_ Mailbox@sec.gov. Dated: February 28, 2014. Kevin M. O’Neill, Deputy Secretary. [FR Doc. 2014–04925 Filed 3–5–14; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION Proposed Collection; Comment Request Upon Written Request, Copies Available From: Securities and Exchange Commission, Office of Investor Education and Advocacy, Washington, DC 20549–0213. tkelley on DSK3SPTVN1PROD with NOTICES6 Extension: Rule 15c2–5; SEC File No. 270–195; OMB Control No. 3235–0198. 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’’) is soliciting comments on the existing collection of information provided for in Rule 15c2–5 (17 CFR 240.15c2–5) under the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) (‘‘Exchange Act’’). The Commission plans to submit this existing collection of information to the Office of Management and Budget (‘‘OMB’’) for extension and approval. Rule 15c2–5 prohibits a broker-dealer from arranging or extending certain loans to persons in connection with the offer or sale of securities unless, before any element of the transaction is entered into, the broker-dealer: (1) Delivers to the person a written statement containing the exact nature and extent of the person’s obligations under the loan arrangement; the risks and disadvantages of the loan arrangement; and all commissions, discounts, and other remuneration received and to be received in connection with the transaction by the broker-dealer or certain related persons (unless the person receives certain materials from the lender or broker-dealer which contain the required information); and (2) obtains from the person information on the person’s financial situation and needs, reasonably determines that the transaction is suitable for the person, and retains on file and makes available VerDate Mar<15>2010 17:07 Mar 05, 2014 Jkt 232001 to the person on request a written statement setting forth the brokerdealer’s basis for determining that the transaction was suitable. The collection of information required by Rule 15c2–5 is necessary to execute the Commission’s mandate under the Exchange Act to prevent fraudulent, manipulative, and deceptive acts and practices by broker-dealers. The Commission estimates that there are approximately 50 respondents that require an aggregate total of 600 hours to comply with Rule 15c2–5. Each of these approximately 50 registered broker-dealers makes an estimated six annual responses, for an aggregate total of 300 responses per year. Each response takes approximately two hours to complete. Thus, the total compliance burden per year is 600 burden hours. The approximate cost per hour is $53.00 for clerical labor, resulting in a total internal compliance cost of $31,800 (600 hours @$53.00 per hour). These reflect internal labor costs; there are no external labor, capital, or start-up costs. Written comments are invited on: (a) Whether the proposed collection of information is necessary for the proper performance of the functions of the agency, including whether the information will have practical utility; (b) the accuracy of the agency’s estimate of the burden of the collection of information; (c) ways to enhance the quality, utility, and clarity of the information collected; and (d) ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology. Consideration will be given to comments and suggestions submitted in writing within 60 days of this publication. An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information under the PRA unless it displays a currently valid OMB control number. Please direct your written comments to: Thomas Bayer, Chief Information Officer, Securities and Exchange Commission, c/o Remi Pavlik-Simon, 100 F Street NE., Washington, DC 20549, or send an email to: PRA_ Mailbox@sec.gov. Dated: February 28, 2014. Kevin M. O’Neill, Deputy Secretary. [FR Doc. 2014–04924 Filed 3–5–14; 8:45 am] BILLING CODE 8011–01–P PO 00000 Frm 00022 Fmt 4703 Sfmt 4703 12707 SECURITIES AND EXCHANGE COMMISSION [Release No. IC–30971] Notice of Applications for Deregistration Under Section 8(f) of the Investment Company Act of 1940 February 28, 2014. The following is a notice of applications for deregistration under section 8(f) of the Investment Company Act of 1940 for the month of February 2014. A copy of each application may be obtained via the Commission’s Web site by searching for the file number, or for an applicant using the Company name box, at https://www.sec.gov/search/ search.htm or by calling (202) 551– 8090. An order granting each application will be issued unless the SEC orders a hearing. Interested persons may request a hearing on any application by writing to the SEC’s Secretary at the address below and serving the relevant applicant with a copy of the request, personally or by mail. Hearing requests should be received by the SEC by 5:30 p.m. on March 25, 2014, and should be accompanied by proof of service on the applicant, in the form of an affidavit or, for lawyers, a certificate of service. Hearing requests should state the nature of the writer’s interest, the reason for the request, and the issues contested. Persons who wish to be notified of a hearing may request notification by writing to the Secretary, U.S. Securities and Exchange Commission, 100 F Street NE., Washington, DC 20549–1090. For Further Information Contact: Diane L. Titus at (202) 551–6810, SEC, Division of Investment Management, Chief Counsel’s Office, 100 F Street NE., Washington, DC 20549–8010. Perritt MicroCap Opportunities Fund Inc. [File No. 811–5308] Summary: Applicant seeks an order declaring that it has ceased to be an investment company. Applicant transferred its assets to a series of Perritt Funds, Inc., and on February 28, 2013, made a distribution to its shareholders based on net asset value. Expenses of $15,000 incurred in connection with the reorganization were paid by Perritt Capital Management, Inc., investment adviser to the acquired and the acquiring funds. Filing Date: The application was filed on February 13, 2014. Applicant’s Address: 300 South Wacker Dr., Suite 2880, Chicago, IL 60606. E:\FR\FM\06MRN1.SGM 06MRN1 12708 Federal Register / Vol. 79, No. 44 / Thursday, March 6, 2014 / Notices AllianzGI International & Premium Strategy Fund [File No. 811–21724] Summary: Applicant, a closed-end investment company, seeks an order declaring that it has ceased to be an investment company. On October 28, 2013, applicant made a liquidating distribution to its shareholders, based on net asset value. Expenses of $68,000 incurred in connection with the liquidation were paid by applicant. Filing Date: The application was filed on January 24, 2014. Applicant’s Address: 1633 Broadway, New York, NY 10019. If AST is unable to locate these shareholders, the remaining funds will be held for the period of time specified by state law and will escheat to the state after that time. Applicant has retained $96,300 in cash to pay outstanding liabilities. Expenses of $69,410 incurred in connection with the liquidation were paid by applicant. Filing Dates: The application was filed on November 4, 2013, and amended on February 14, 2014. Applicant’s Address: c/o Aberdeen Asset Management Inc., 1735 Market St., 32nd Floor, Philadelphia, PA 19103. UBS Master Series Inc. [File No. 811– 4448] Summary: Applicant seeks an order declaring that it has ceased to be an investment company. On June 20, 2013, applicant made a liquidating distribution to its shareholders, based on net asset value. Expenses of $40,430 incurred in connection with the liquidation were paid by UBS Global Asset Management (Americas) Inc., applicant’s investment adviser. Filing Date: The application was filed on January 23, 2014. Applicant’s Address: 1285 Avenue of the Americas, 12th Floor, New York, NY 10019–6028. For the Commission, by the Division of Investment Management, pursuant to delegated authority. Kevin M. O’Neill, Deputy Secretary. tkelley on DSK3SPTVN1PROD with NOTICES6 RiverSource Selected Series, Inc. [File No. 811–4132] Summary: Applicant seeks an order declaring that it has ceased to be an investment company. Applicant transferred its assets to Columbia Energy and Natural Resource Fund, a series of Columbia Funds Series Trust I, and on May 31, 2011, made a distribution to its shareholders based on net asset value. Expenses of $90,927 incurred in connection with the reorganization were paid by applicant and Columbia Management Investment Advisers, LLC, applicant’s investment adviser. Filing Date: The application was filed on January 29, 2014. Applicant’s Address: 901 Marquette Ave. South, Suite 2810, Minneapolis, MN 55402–3268. Thai Capital Fund Inc. [File No. 811– 6062] Summary: Applicant, a closed-end investment company, seeks an order declaring that it has ceased to be an investment company. On August 23, 2013 and September 30, 2013, applicant made liquidating distributions to its shareholders, based on net asset value. Applicant has 91 shareholders of record. Undistributed funds are being held by American Stock Transfer & Trust Company (‘‘AST’’), pending ongoing efforts to locate remaining shareholders. VerDate Mar<15>2010 17:07 Mar 05, 2014 Jkt 232001 [FR Doc. 2014–04927 Filed 3–5–14; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–71637; File No. SR–NSCC– 2013–12] Self-Regulatory Organizations; National Securities Clearing Corporation; Order Approving Proposed Rule Change To Provide Members With a Risk Management Tool That Will Enable Members To Monitor Trading Activity and Receive Notifications When Pre-Set Trading Limits Are Reached February 28, 2014. I. Introduction On November 15, 2013, National Securities Clearing Corporation (‘‘NSCC’’) filed with the Securities and Exchange Commission (‘‘Commission’’) proposed rule change SR–NSCC–2013– 12 (‘‘Proposed Rule Change’’) pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’) 1 and Rule 19b–4 thereunder.2 The Proposed Rule Change was published in the Federal Register on December 3, 2013.3 NSCC voluntarily extended the Commission’s period of review of the Proposed Rule Change on January 9, 2014. The Commission received one comment letter to the Proposed Rule Change 4 and one response letter from NSCC.5 This 1 15 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 Release No. 34–70946 (Nov. 26, 2013), 78 FR 72737 (Dec. 3, 2013). 4 Letter to Elizabeth M. Murphy, Secretary, Commission, from Manisha Kimmel, Executive Director, Financial Information Forum (‘‘FIF’’) (Dec. 23, 2013) (hereinafter ‘‘FIF Letter’’). 5 Letter to Elizabeth M. Murphy, Secretary, Commission, from Murray C. Pozmanter, Managing 2 17 PO 00000 Frm 00023 Fmt 4703 Sfmt 4703 order approves the Proposed Rule Change. II. Description NSCC filed the Proposed Rule Change to amend its Rules & Procedures (‘‘Rules’’) in order to implement DTCC Limit Monitoring, a risk management tool.6 As discussed below, the tool will enable NSCC’s members (‘‘Members’’) 7 to view their trading exposure across markets and at the CUSIP and individual trade levels through Risk Entities created by the Member. DTCC Limit Monitoring will then alert the Member when trading limits for Risk Entities are approached and when limits are reached. Members have discretion to determine whether to take action in response to an alert. A. Trading Data Captured Through DTCC Limit Monitoring, Members will be able to monitor the intraday, post-trade 8 clearing activity of their own trading desks, their correspondents, and their clients.9 The clearing activity captured by DTCC Limit Monitoring will include: (i) Posttrade data relating to unsettled equity and fixed income securities trades that were compared or recorded through NSCC’s trade capture mechanisms 10 on that day (‘‘LM Trade Date Data’’), and (ii) other applicable trade positions that the Member chooses to input at the start of or throughout the day (‘‘LM MemberProvided Data’’) (collectively, ‘‘LM Transaction Data’’).11 Director, Depository Trust and Clearing Corporation (‘‘DTCC’’) (Jan. 15, 2014) (hereinafter ‘‘NSCC Response’’). 6 DTCC Limit Monitoring is separate from and will operate independently of other risk management tools developed by other market participants (e.g., registered securities exchanges). Release No. 34–70946, supra note 3, at 2 n.3. 7 Members that clear trades for others or participate in special representative transactions will be required to use DTCC Limit Monitoring. Approximately 85 percent of Members are in this category. 8 For the purposes of this Proposed Rule Change, ‘‘post-trade’’ refers to the period in a transaction lifecycle after it is submitted to NSCC for clearing and settlement. Release No. 34–70946, supra note 3, at 2 n.4. 9 In compliance with NSCC Rule 49, Members are only able to view trading activity with respect to their own clearing account(s). 10 Such mechanisms include NSCC’s Universal Trade Capture and Real-Time Trade Matching trade capture and comparisons systems. 11 NSCC states that, since NSCC will not be the originator of the information made available through DTCC Limit Monitoring, NSCC will not be responsible for: (i) The completeness or accuracy of LM Trade Date Data; (ii) other information or data that it receives from Members or third parties and that is used in DTCC Limit Monitoring or received and compared or recorded by NSCC; or (iii) any errors, omissions, or delays that may occur in the transmission of such data or information, as provided in the Rules. Release No. 34–70946, supra E:\FR\FM\06MRN1.SGM 06MRN1

Agencies

[Federal Register Volume 79, Number 44 (Thursday, March 6, 2014)]
[Notices]
[Pages 12707-12708]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-04927]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. IC-30971]


Notice of Applications for Deregistration Under Section 8(f) of 
the Investment Company Act of 1940

February 28, 2014.
    The following is a notice of applications for deregistration under 
section 8(f) of the Investment Company Act of 1940 for the month of 
February 2014. A copy of each application may be obtained via the 
Commission's Web site by searching for the file number, or for an 
applicant using the Company name box, at https://www.sec.gov/search/search.htm or by calling (202) 551-8090. An order granting each 
application will be issued unless the SEC orders a hearing. Interested 
persons may request a hearing on any application by writing to the 
SEC's Secretary at the address below and serving the relevant applicant 
with a copy of the request, personally or by mail. Hearing requests 
should be received by the SEC by 5:30 p.m. on March 25, 2014, and 
should be accompanied by proof of service on the applicant, in the form 
of an affidavit or, for lawyers, a certificate of service. Hearing 
requests should state the nature of the writer's interest, the reason 
for the request, and the issues contested. Persons who wish to be 
notified of a hearing may request notification by writing to the 
Secretary, U.S. Securities and Exchange Commission, 100 F Street NE., 
Washington, DC 20549-1090.
    For Further Information Contact: Diane L. Titus at (202) 551-6810, 
SEC, Division of Investment Management, Chief Counsel's Office, 100 F 
Street NE., Washington, DC 20549-8010.

Perritt MicroCap Opportunities Fund Inc. [File No. 811-5308]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. Applicant transferred its assets to a series 
of Perritt Funds, Inc., and on February 28, 2013, made a distribution 
to its shareholders based on net asset value. Expenses of $15,000 
incurred in connection with the reorganization were paid by Perritt 
Capital Management, Inc., investment adviser to the acquired and the 
acquiring funds.
    Filing Date: The application was filed on February 13, 2014.
    Applicant's Address: 300 South Wacker Dr., Suite 2880, Chicago, IL 
60606.

[[Page 12708]]

AllianzGI International & Premium Strategy Fund [File No. 811-21724]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. On October 
28, 2013, applicant made a liquidating distribution to its 
shareholders, based on net asset value. Expenses of $68,000 incurred in 
connection with the liquidation were paid by applicant.
    Filing Date: The application was filed on January 24, 2014.
    Applicant's Address: 1633 Broadway, New York, NY 10019.

UBS Master Series Inc. [File No. 811-4448]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On June 20, 2013, applicant made a 
liquidating distribution to its shareholders, based on net asset value. 
Expenses of $40,430 incurred in connection with the liquidation were 
paid by UBS Global Asset Management (Americas) Inc., applicant's 
investment adviser.
    Filing Date: The application was filed on January 23, 2014.
    Applicant's Address: 1285 Avenue of the Americas, 12th Floor, New 
York, NY 10019-6028.

RiverSource Selected Series, Inc. [File No. 811-4132]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. Applicant transferred its assets to Columbia 
Energy and Natural Resource Fund, a series of Columbia Funds Series 
Trust I, and on May 31, 2011, made a distribution to its shareholders 
based on net asset value. Expenses of $90,927 incurred in connection 
with the reorganization were paid by applicant and Columbia Management 
Investment Advisers, LLC, applicant's investment adviser.
    Filing Date: The application was filed on January 29, 2014.
    Applicant's Address: 901 Marquette Ave. South, Suite 2810, 
Minneapolis, MN 55402-3268.

Thai Capital Fund Inc. [File No. 811-6062]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. On August 23, 
2013 and September 30, 2013, applicant made liquidating distributions 
to its shareholders, based on net asset value. Applicant has 91 
shareholders of record. Undistributed funds are being held by American 
Stock Transfer & Trust Company (``AST''), pending ongoing efforts to 
locate remaining shareholders. If AST is unable to locate these 
shareholders, the remaining funds will be held for the period of time 
specified by state law and will escheat to the state after that time. 
Applicant has retained $96,300 in cash to pay outstanding liabilities. 
Expenses of $69,410 incurred in connection with the liquidation were 
paid by applicant.
    Filing Dates: The application was filed on November 4, 2013, and 
amended on February 14, 2014.
    Applicant's Address: c/o Aberdeen Asset Management Inc., 1735 
Market St., 32nd Floor, Philadelphia, PA 19103.

    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2014-04927 Filed 3-5-14; 8:45 am]
BILLING CODE 8011-01-P
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