Amendments for Small and Additional Issues Exemptions Under the Securities Act (Regulation A); Correction, 37537-37538 [2015-16045]

Download as PDF Federal Register / Vol. 80, No. 126 / Wednesday, July 1, 2015 / Rules and Regulations 37537 PART 271—INTERPRETATIVE RELEASES RELATING TO THE INVESTMENT COMPANY ACT OF 1940 AND GENERAL RULES AND REGULATIONS THEREUNDER 3. Part 271 is amended by adding Release No. IC–31684 to the list of interpretive releases as follows: ■ Subject Release No. * * * Commission Guidance Regarding the Definition of the Terms ‘‘Spouse’’ and ‘‘Marriage’’ Following the Supreme Court’s Decision in United States v. Windsor. * IC–31684 Date Fed. Reg. Vol. and Page * * June 19, 2015 ................................. * 80 FR [Insert FR Page Number] PART 276—INTERPRETATIVE RELEASES RELATING TO THE INVESTMENT ADVISERS ACT OF 1940 AND GENERAL RULES AND REGULATIONS THEREUNDER 4. Part 276 is amended by adding Release No. IA–4122 to the list of interpretive releases as follows: ■ Subject Release No. * * * Commission Guidance Regarding the Definition of the Terms ‘‘Spouse’’ and ‘‘Marriage’’ Following the Supreme Court’s Decision in United States v. Windsor. Dated: June 19, 2015. By the Commission. Robert W. Errett, Deputy Secretary. * IA–4122 Date * * June 19, 2015 ................................. for Small and Additional Issues Exemptions under the Securities Act (Regulation A). This correction is effective July 1, 2015. DATES: [FR Doc. 2015–15506 Filed 6–30–15; 8:45 am] BILLING CODE 8011–01–P FOR FURTHER INFORMATION CONTACT: Linda Cullen, Office of the Secretary at (202) 551–5400. SECURITIES AND EXCHANGE COMMISSION SUPPLEMENTARY INFORMATION: 17 CFR Part 232 Background [Release Nos. 33–9741C; 34–74578C; 39– 2501C; File No. S7–11–13] The final regulations that are the subject of these corrections were revisions to Item 101(a) of Regulation S– T (§ 232.101(a) of the chapter) on the effective date of the Amendments for Small and Additional Issues Exemptions under the Securities Act (Regulation A) to reflect the mandatory electronic filing of all issuer initial filing and ongoing reporting requirements under Regulation A (§§ 230.251–230.262 of the chapter). RIN 3235–AL39 Amendments for Small and Additional Issues Exemptions Under the Securities Act (Regulation A); Correction Securities and Exchange Commission. ACTION: Correcting amendments. tkelley on DSK3SPTVN1PROD with RULES AGENCY: This document contains corrections to the final regulations (SEC Rel. No. 33–9741), which were published in the Federal Register of Monday, April 20, 2015 (80 FR 21806). The regulations related to Amendments SUMMARY: VerDate Sep<11>2014 17:34 Jun 30, 2015 Jkt 235001 Need for Correction As published, the final regulations contain errors which need to be corrected. PO 00000 Frm 00007 Fmt 4700 Fed. Reg. Vol. and Page Sfmt 4700 * 80 FR [Insert FR Page Number] List of Subjects in 17 CFR Part 232 Reporting and recordkeeping requirements, Securities. Accordingly, 17 CFR part 232 is corrected by making the following correcting amendments: ■ 1. The authority citation for part 232 continues to read in part as follows: Authority: 15 U.S.C. 77c, 77f, 77g, 77h, 77j, 77s(a), 77z–3, 77sss(a), 78c(b), 78l, 78m, 78n, 78o(d), 78w(a), 78ll, 80a–6(c), 80a–8, 80a–29, 80a–30, 80a–37, 7201 et seq.; and 18 U.S.C. 1350, unless otherwise noted. * * * * * 2. Section 232.101 is amended by: a. Revising paragraphs (a)(1)(xvi) and (xvii); and ■ b. Adding paragraph (a)(1)(xviii). The revisions and addition read as follows: ■ ■ § 232.101 Mandated electronic submissions and exceptions. (a) * * * (1) * * * (xvi) Form ABS–15G (as defined in § 249.1400 of this chapter); (xvii) Documents filed with the Commission pursuant to section 13(n) of the Exchange Act (15 U.S.C. 78m(n)) and the rules and regulations E:\FR\FM\01JYR1.SGM 01JYR1 37538 Federal Register / Vol. 80, No. 126 / Wednesday, July 1, 2015 / Rules and Regulations thereunder, including Form SDR (17 CFR 249.1500) and reports filed pursuant to Rules 13n–11(d) and (f) (17 CFR 240.13n–11(d) and (f)) under the Exchange Act; and (xviii) Filings made pursuant to Regulation A (§§ 230.251 through 230.262 of this chapter). * * * * * Dated: June 25, 2015. Brent J. Fields, Secretary. [FR Doc. 2015–16045 Filed 6–30–15; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION 17 CFR Part 275 [Release No. IA–4129; File No. S7–18–09] RIN 3235–AK39 Political Contributions by Certain Investment Advisers: Ban on ThirdParty Solicitation; Notice of Compliance Date Securities and Exchange Commission. ACTION: Notice of compliance date. AGENCY: The Securities and Exchange Commission (‘‘Commission’’ or ‘‘SEC’’) previously set and extended the compliance date for the ban on thirdparty solicitation until nine months after the compliance date of a final rule adopted by the Commission by which municipal advisors must register under the Securities Exchange Act of 1934 (‘‘final municipal advisor registration rule’’) and indicated that notice with respect thereto would be provided in the Federal Register. This notice of compliance date is being published to provide the notice of the compliance date. SUMMARY: The compliance date for the ban on third-party solicitation under 17 CFR 275.206(4)–5 [rule 206(4)–5] is July 31, 2015. FOR FURTHER INFORMATION CONTACT: Sirimal R. Mukerjee, Senior Counsel, or Sarah A. Buescher, Branch Chief, at (202) 551–6787 or IArules@sec.gov, Investment Adviser Regulation Office, Division of Investment Management, U.S. Securities and Exchange Commission, 100 F Street NE., Washington, DC 20549–8549. SUPPLEMENTARY INFORMATION: The Commission adopted rule 206(4)–5 [17 CFR 275.206(4)–5] (‘‘Pay to Play Rule’’) under the Investment Advisers Act of 1940 [15 U.S.C. 80b] to prohibit an investment adviser from providing tkelley on DSK3SPTVN1PROD with RULES DATES: VerDate Sep<11>2014 17:34 Jun 30, 2015 Jkt 235001 advisory services for compensation to a government client for two years after the adviser or certain of its executives or employees (‘‘covered associates’’) make a contribution to certain elected officials or candidates.1 Rule 206(4)–5 also prohibits an adviser and its covered associates from providing or agreeing to provide, directly or indirectly, payment to any third-party for a solicitation of advisory business from any government entity on behalf of such adviser, unless such third-party is a ‘‘regulated person’’ (‘‘third-party solicitor ban’’).2 Rule 206(4)–5 defines a ‘‘regulated person’’ as an SEC-registered investment adviser,3 a registered broker or dealer subject to pay to play restrictions adopted by a registered national securities association,4 or a registered municipal advisor subject to pay to play restrictions adopted by the Municipal Securities Rulemaking Board (‘‘MSRB’’).5 In addition, the Commission must find, by order, that these pay to play rules: (i) Impose substantially equivalent or more stringent restrictions on broker-dealers or municipal advisors than the Pay to Play Rule imposes on investment advisers; and (ii) are consistent with the objectives of the Pay to Play Rule.6 Rule 206(4)–5 became effective on September 13, 2010 and the compliance date for the third-party solicitor ban was set to September 13, 2011.7 When the Commission added municipal advisors to the definition of regulated person, the Commission also extended the thirdparty solicitor ban’s compliance date to 1 Political Contributions by Certain Investment Advisers, Investment Advisers Act Rel. No. 3043 (July 1, 2010) [75 FR 41018 (July 14, 2010)] (‘‘Pay to Play Release’’). 2 See id. at Section II.B.2.(b). See also 17 CFR 275.206(4)–5(a)(2)(i)(A). 3 See 17 CFR 275.206(4)–5(f)(9)(i). 4 See 17 CFR 275.206(4)–5(f)(9)(ii). While rule 206(4)–5 applies to any registered national securities association, the Financial Industry Regulatory Authority (‘‘FINRA’’) is currently the only registered national securities association under section 19(a) of the Securities Exchange Act of 1934 [15 U.S.C. 78s(b)]. As such, for convenience, we will refer directly to FINRA in this notice of compliance date when describing the exception for certain broker-dealers from the third-party solicitor ban. 5 See 17 CFR 275.206(4)–5(f)(9)(iii). On June 22, 2011, the Commission amended the Pay to Play Rule to add municipal advisors to the definition of ‘‘regulated persons.’’ See Rules Implementing Amendments to the Investment Advisers Act of 1940, Investment Advisers Act Rel. No. 3221 (June 22, 2011) [76 FR 42950 (July 19, 2011)] (‘‘Municipal Advisor Addition Release’’). The Commission adopted final rules with respect to the registration of municipal advisors on September 20, 2013. See Registration of Municipal Advisors, Exchange Act Release No. 70462 (Sept. 20, 2013) [78 FR 67468 (Nov. 12, 2013)] (‘‘Municipal Advisor Registration Release’’). 6 See 17 CFR 275.206(4)–5(f)(9). 7 See Pay to Play Release at section III. PO 00000 Frm 00008 Fmt 4700 Sfmt 4700 June 13, 2012.8 In the absence of a final municipal advisor registration rule, the Commission extended the third-party solicitor ban’s compliance date from June 13, 2012 to nine months after the compliance date of the final rule,9 which is July 31, 2015.10 This notice of compliance date is technical in nature and serves solely to fulfill the Commission’s commitment to provide the notice for the compliance date it previously set.11 Dated: June 25, 2015. Brent J. Fields, Secretary. [FR Doc. 2015–16048 Filed 6–30–15; 8:45 am] BILLING CODE 8011–01–P DEPARTMENT OF THE INTERIOR Bureau of Indian Affairs 25 CFR Part 83 [156A2100DD/AAKC001030/ A0A501010.999900 253G] Requests for Administrative Acknowledgment of Federal Indian Tribes Bureau of Indian Affairs, Interior. ACTION: Policy guidance. AGENCY: This policy guidance establishes the Department’s intent to make determinations to acknowledge Federal Indian tribes within the contiguous 48 states only in accordance with the regulations established for that purpose at 25 CFR part 83. This notice directs any unrecognized group requesting that the Department acknowledge it as an Indian tribe, through reaffirmation or any other alternative basis, to petition under 25 CFR part 83 unless an alternate process is established by rulemaking following the effective date of this policy guidance. DATES: This policy guidance is effective July 1, 2015. FOR FURTHER INFORMATION CONTACT: Elizabeth Appel, Director, Office of Regulatory Affairs & Collaborative SUMMARY: 8 See Municipal Advisor Addition Release at section II.D.1. 9 See Political Contributions by Certain Investment Advisers: Ban on Third-Party Solicitation; Extension of Compliance Date, Investment Advisers Act Rel. No. 3418 (June 8, 2012) [77 FR 35263 (June 13, 2012)] (‘‘Extension Release’’). 10 The final date on which a municipal advisor must file a complete application for registration was October 31, 2014. See Municipal Advisor Registration Release at section V. 11 See the Extension Release. E:\FR\FM\01JYR1.SGM 01JYR1

Agencies

[Federal Register Volume 80, Number 126 (Wednesday, July 1, 2015)]
[Rules and Regulations]
[Pages 37537-37538]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-16045]


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SECURITIES AND EXCHANGE COMMISSION

17 CFR Part 232

[Release Nos. 33-9741C; 34-74578C; 39-2501C; File No. S7-11-13]
RIN 3235-AL39


Amendments for Small and Additional Issues Exemptions Under the 
Securities Act (Regulation A); Correction

AGENCY: Securities and Exchange Commission.

ACTION: Correcting amendments.

-----------------------------------------------------------------------

SUMMARY: This document contains corrections to the final regulations 
(SEC Rel. No. 33-9741), which were published in the Federal Register of 
Monday, April 20, 2015 (80 FR 21806). The regulations related to 
Amendments for Small and Additional Issues Exemptions under the 
Securities Act (Regulation A).

DATES: This correction is effective July 1, 2015.

FOR FURTHER INFORMATION CONTACT: Linda Cullen, Office of the Secretary 
at (202) 551-5400.

SUPPLEMENTARY INFORMATION: 

Background

    The final regulations that are the subject of these corrections 
were revisions to Item 101(a) of Regulation S-T (Sec.  232.101(a) of 
the chapter) on the effective date of the Amendments for Small and 
Additional Issues Exemptions under the Securities Act (Regulation A) to 
reflect the mandatory electronic filing of all issuer initial filing 
and ongoing reporting requirements under Regulation A (Sec. Sec.  
230.251-230.262 of the chapter).

Need for Correction

    As published, the final regulations contain errors which need to be 
corrected.

List of Subjects in 17 CFR Part 232

    Reporting and recordkeeping requirements, Securities.

    Accordingly, 17 CFR part 232 is corrected by making the following 
correcting amendments:

0
1. The authority citation for part 232 continues to read in part as 
follows:

    Authority:  15 U.S.C. 77c, 77f, 77g, 77h, 77j, 77s(a), 77z-3, 
77sss(a), 78c(b), 78l, 78m, 78n, 78o(d), 78w(a), 78ll, 80a-6(c), 
80a-8, 80a-29, 80a-30, 80a-37, 7201 et seq.; and 18 U.S.C. 1350, 
unless otherwise noted.
* * * * *

0
2. Section 232.101 is amended by:
0
a. Revising paragraphs (a)(1)(xvi) and (xvii); and
0
b. Adding paragraph (a)(1)(xviii).
    The revisions and addition read as follows:


Sec.  232.101  Mandated electronic submissions and exceptions.

    (a) * * *
    (1) * * *
    (xvi) Form ABS-15G (as defined in Sec.  249.1400 of this chapter);
    (xvii) Documents filed with the Commission pursuant to section 
13(n) of the Exchange Act (15 U.S.C. 78m(n)) and the rules and 
regulations

[[Page 37538]]

thereunder, including Form SDR (17 CFR 249.1500) and reports filed 
pursuant to Rules 13n-11(d) and (f) (17 CFR 240.13n-11(d) and (f)) 
under the Exchange Act; and
    (xviii) Filings made pursuant to Regulation A (Sec. Sec.  230.251 
through 230.262 of this chapter).
* * * * *

    Dated: June 25, 2015.
Brent J. Fields,
Secretary.
[FR Doc. 2015-16045 Filed 6-30-15; 8:45 am]
 BILLING CODE 8011-01-P
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