Columbia Trust, et al.; Notice of Application, 63256-63257 [2015-26422]
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63256
Federal Register / Vol. 80, No. 201 / Monday, October 19, 2015 / Notices
item is anticipated to be discussed (all
times Eastern):
Monday, November 2
9:00–9:15 a.m.—Call to Order, Welcome
and Introductions
9:15–9:30 a.m.—Chair and Executive
Director Reports
9:30–10:15 a.m.—Mental Health
Services in Higher Education Panel
10:15–10:45 a.m.—Town Hall to Receive
Comments on Mental Health
Services in Higher Education
10:45–11:00 a.m.—Break
11:00–11:30 a.m.—Release of ‘‘SelfDriving Cars: Mapping Access to a
Technology Revolution’’ Report
11:30 a.m.–12:30 p.m.—Help America
Vote Act Compliance Panel
12:30 p.m.—Adjourn for lunch
2:00–2:45 p.m.—Elementary and
Secondary Education Act—
Statewide Impact of Federal Policy
Panel
2:45–3:00 p.m.—Break
3:00–4:00 p.m.—Medicaid Managed
Care and Challenges for the Direct
Care Workforce Panel
4:00–4:30 p.m.—Town Hall to Receive
Comments on Direct Care
Workforce Challenges
4:30 p.m.—Adjourn
asabaliauskas on DSK5VPTVN1PROD with NOTICES
Tuesday, November 3
8:30–9:30 a.m.—Emerging Technology
in Employment and Education
Panel
9:30–10:00 a.m.—Town Hall to Receive
Comments on Emerging Technology
10:00–10:15 a.m.—Break
10:15–11:00 a.m.—Council Discussion
on Emerging Technology Focus
Area
11:00–11:45 a.m.—NCD Business
Meeting
11:45 a.m.—Adjournment
PUBLIC COMMENT: To better facilitate
NCD’s public comment, any individual
interested in providing public comment
is asked to register his or her intent to
provide comment in advance by sending
an email to PublicComment@ncd.gov
with the subject line ‘‘Public Comment’’
with your name, organization, state, and
topic of comment included in the body
of your email. Full-length written public
comments may also be sent to that email
address. All emails to register for public
comment at the quarterly meeting must
be received by Friday, October 30, 2015.
Priority will be given to those
individuals who are in-person to
provide their comments during the town
hall portions of the agenda. Those
commenters on the phone will be called
on according to the list of those
registered via email. Due to time
constraints, NCD asks all commenters to
limit their comments to three minutes.
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Comments received at the November
quarterly meeting will be limited to
those regarding mental health services
in higher education; challenges to the
direct care workforce; and emerging
technology, each during its respective
slot of time for the themed town hall.
CONTACT PERSON: Anne Sommers, NCD,
1331 F Street NW., Suite 850,
Washington, DC 20004; 202–272–2004
(V), 202–272–2074 (TTY).
ACCOMMODATIONS: A CART streamtext
link has been arranged for this
teleconference meeting. The web link to
access CART on Monday, November 2,
2015 is: https://www.streamtext.net/
text.aspx?event=110215ncd900am; and
on Tuesday, November 3, 2015 is:
https://www.streamtext.net/
text.aspx?event=110315ncd830am.
Those who plan to attend the meeting
in-person and require accommodations
should notify NCD as soon as possible
to allow time to make arrangements. To
help reduce exposure to fragrances for
those with multiple chemical
sensitivities, NCD requests that all those
attending the meeting in person refrain
from wearing scented personal care
products such as perfumes, hairsprays,
and deodorants.
Dated: October 15, 2015.
Rebecca Cokley,
Executive Director.
[FR Doc. 2015–26599 Filed 10–15–15; 4:15 pm]
BILLING CODE 8421–03–P
SECURITIES AND EXCHANGE
COMMISSION
[Investment Company Act Release No.
31866; 812–14553]
Columbia Trust, et al.; Notice of
Application
October 13, 2015.
Securities and Exchange
Commission (‘‘Commission’’).
ACTION: Notice of an application for an
order under section 6(c) of the
Investment Company Act of 1940
(‘‘Act’’) for an exemption from sections
2(a)(32), 5(a)(1), 22(d) and 22(e) of the
Act and rule 22c–1 under the Act, under
sections 6(c) and 17(b) of the Act for an
exemption from sections 17(a)(1) and
(a)(2) of the Act, and under section
12(d)(1)(J) of the Act for an exemption
from sections 12(d)(1)(A) and (B) of the
Act.
AGENCY:
Columbia Trust (the
‘‘Trust’’), Columbia Management
Investment Advisers, LLC (the
‘‘Adviser’’) and Columbia Management
Investment Distributors, Inc. (the
‘‘Distributor’’).
APPLICANTS:
PO 00000
Frm 00064
Fmt 4703
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Summary of Application:
Applicants request an order (‘‘Order’’)
that permits: (a) Actively managed
series of certain open-end management
investment companies to issue shares
(‘‘Shares’’) redeemable in large
aggregations only (‘‘Creation Units’’); (b)
secondary market transactions in Shares
to occur at the next-determined net asset
value plus or minus a marketdetermined premium or discount that
may vary during the trading day; (c)
certain series to pay redemption
proceeds, under certain circumstances,
more than seven days from the tender of
Shares for redemption; (d) certain
affiliated persons of the series to deposit
securities into, and receive securities
from, the series in connection with the
purchase and redemption of Creation
Units; (e) certain registered management
investment companies and unit
investment trusts outside of the same
group of investment companies as the
series to acquire Shares; and (f) certain
series to create and redeem Shares in
kind in a master-feeder structure. The
Order would incorporate by reference
terms and conditions of a previous order
granting the same relief sought by
applicants, as that order may be
amended from time to time (‘‘Reference
Order’’).1
DATES: Filing Dates: The application was
filed on September 28, 2015.
HEARING OR NOTIFICATION OF HEARING: An
order granting the requested relief will
be issued unless the Commission orders
a hearing. Interested persons may
request a hearing by writing to the
Commission’s Secretary and serving
applicants with a copy of the request,
personally or by mail. Hearing requests
should be received by the Commission
by 5:30 p.m. on November 9, 2015, and
should be accompanied by proof of
service on applicants, in the form of an
affidavit or, for lawyers, a certificate of
service. Pursuant to rule 0–5 under the
Act, hearing requests should state the
nature of the writer’s interest, any facts
bearing upon the desirability of a
hearing on the matter, 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 Commission’s Secretary.
ADDRESSES: The Commission: Brent J.
Fields, Secretary, U.S. Securities and
Exchange Commission, 100 F Street NE.,
Washington, DC 20549–1090.
Applicants: Columbia Trust, Columbia
Management Investment Advisers, LLC,
and Columbia Management Investment
SUMMARY:
1 Eaton Vance Management, et al., Investment
Company Act Rel. Nos. 31333 (Nov. 6, 2014)
(notice) and 31361 (Dec. 2, 2014) (order).
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Federal Register / Vol. 80, No. 201 / Monday, October 19, 2015 / Notices
Applicants’ Requested Exemptive Relief
12(d)(1)(J) of the Act for an exemption
from sections 12(d)(1)(A) and (B) of the
Act. The requested Order would permit
applicants to offer exchange-traded
managed funds. Because the relief
requested is the same as the relief
granted by the Commission under the
Reference Order and because the
Adviser has entered into, or anticipates
entering into, a licensing agreement
with Eaton Vance Management, or an
affiliate thereof in order to offer
exchange-traded managed funds,2 the
Order would incorporate by reference
the terms and conditions of the
Reference Order.
5. Applicants request that the Order
apply to the Initial Fund and to any
other existing or future open-end
management investment company or
series thereof that: (a) Is advised by the
Adviser or any entity controlling,
controlled by, or under common control
with the Adviser (any such entity
included in the term ‘‘Adviser’’); and (b)
operates as an exchange-traded managed
fund as described in the Reference
Order; and (c) complies with the terms
and conditions of the Order and of the
Reference Order, which is incorporated
by reference herein (each such company
or series and Initial Fund, a ‘‘Fund’’).3
6. Section 6(c) of the Act provides that
the Commission may exempt any
person, security or transaction, or any
class of persons, securities or
transactions, from any provisions of the
Act, if and to the extent that such
exemption is necessary or appropriate
in the public interest and consistent
with the protection of investors and the
purposes fairly intended by the policy
and provisions of the Act. Section 17(b)
of the Act authorizes the Commission to
exempt a proposed transaction from
section 17(a) of the Act if evidence
establishes that the terms of the
transaction, including the consideration
to be paid or received, are reasonable
and fair and do not involve
overreaching on the part of any person
concerned, and the proposed
transaction is consistent with the
policies of the registered investment
company and the general purposes of
the Act. Section 12(d)(1)(J) of the Act
provides that the Commission may
exempt any person, security, or
transaction, or any class or classes of
persons, securities or transactions, from
4. Applicants seek the requested
Order under section 6(c) of the Act for
an exemption from sections 2(a)(32),
5(a)(1), 22(d) and 22(e) of the Act and
rule 22c–1 under the Act, under
sections 6(c) and 17(b) of the Act for an
exemption from sections 17(a)(1) and
17(a)(2) of the Act, and under section
2 Eaton Vance Management has obtained patents
with respect to certain aspects of the Funds’ method
of operation as exchange-traded managed funds.
3 All entities that currently intend to rely on the
Order are named as applicants. Any other entity
that relies on the Order in the future will comply
with the terms and conditions of the Order and of
the Reference Order, which is incorporated by
reference herein.
Distributors, Inc., 225 Franklin Street,
Boston, MA 02110.
FOR FURTHER INFORMATION CONTACT:
Dalia Osman Blass, Assistant Chief
Counsel, at (202) 551–6821 (Division of
Investment Management, Chief
Counsel’s Office).
SUPPLEMENTARY INFORMATION: The
following is a summary of the
application. The complete 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.
Applicants
asabaliauskas on DSK5VPTVN1PROD with NOTICES
1. The Trust will be registered as an
open-end management investment
company under the Act and is a
business trust organized under the laws
of Massachusetts. Applicants seek relief
with respect to a Fund (as defined
below, and the Fund, the ‘‘Initial
Fund’’). The portfolio positions of the
Fund will consist of securities and other
assets selected and managed by its
Adviser or Subadviser (as defined
below) to pursue the Fund’s investment
objective.
2. The Adviser, a Minnesota limited
liability company, will be the
investment adviser to the Initial Fund.
An Adviser (as defined below) will
serve as investment adviser to the Fund.
The Adviser is, and any other Adviser
will be, registered as an investment
adviser under the Investment Advisers
Act of 1940 (‘‘Advisers Act’’). The
Adviser and the Trust may retain one or
more Subadvisers (each a ‘‘Subadviser’’)
to manage the portfolio of the Fund.
Any Subadviser will be registered, or
not subject to registration, under the
Advisers Act.
3. The Distributor is a Delaware
corporation and a broker-dealer
registered under the Securities
Exchange Act of 1934 and will act as the
principal underwriter of Shares of the
Fund. Applicants request that the
requested relief apply to any distributor
of Shares, whether affiliated or
unaffiliated with the Adviser (included
in the term ‘‘Distributor’’). Any
Distributor will comply with the terms
and conditions of the Order.
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17:52 Oct 16, 2015
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63257
any provision of section 12(d)(1) if the
exemption is consistent with the public
interest and the protection of investors.
7. Applicants submit that for the
reasons stated in the Reference Order:
(1) With respect to the relief requested
pursuant to section 6(c) of the Act, the
relief is appropriate, in the public
interest and consistent with the
protection of investors and the purposes
fairly intended by the policy and
provisions of the Act; (2) with respect to
the relief request pursuant to section
17(b) of the Act, the proposed
transactions are reasonable and fair and
do not involve overreaching on the part
of any person concerned, are consistent
with the policies of each registered
investment company concerned and
consistent with the general purposes of
the Act; and (3) with respect to the relief
requested pursuant to section 12(d)(1)(J)
of the Act, the relief is consistent with
the public interest and the protection of
investors.
By the Division of Investment
Management, pursuant to delegated
authority.
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2015–26422 Filed 10–16–15; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–76130; File No. SR–BATS–
2015–85]
Self-Regulatory Organizations; BATS
Exchange, Inc.; Notice of Filing and
Immediate Effectiveness of a Proposed
Rule Change Related to Fees for Use
of BATS Exchange, Inc.
October 13, 2015.
Pursuant to the provisions of Section
19(b)(1) of the Securities Exchange Act
of 1934 (‘‘Act’’) 1 and Rule 19b–4
thereunder,2 notice is hereby given that
on October 2, 2015, BATS Exchange,
Inc. (the ‘‘Exchange’’ or ‘‘BATS’’) filed
with the Securities and Exchange
Commission (‘‘Commission’’) the
proposed rule change as described in
Items I, II and III below, which Items
have been prepared by the Exchange.
The Exchange has designated the
proposed rule change as one
establishing or changing a member due,
fee, or other charge imposed by the
Exchange under Section 19(b)(3)(A)(ii)
of the Act 3 and Rule 19b–4(f)(2)
1 15
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 15 U.S.C. 78s(b)(3)(A)(ii).
2 17
E:\FR\FM\19OCN1.SGM
19OCN1
]]>Agencies
[Federal Register Volume 80, Number 201 (Monday, October 19, 2015)]
[Notices]
[Pages 63256-63257]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-26422]
=======================================================================
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 31866; 812-14553]
Columbia Trust, et al.; Notice of Application
October 13, 2015.
AGENCY: Securities and Exchange Commission (``Commission'').
ACTION: Notice of an application for an order under section 6(c) of
the Investment Company Act of 1940 (``Act'') for an exemption from
sections 2(a)(32), 5(a)(1), 22(d) and 22(e) of the Act and rule 22c-1
under the Act, under sections 6(c) and 17(b) of the Act for an
exemption from sections 17(a)(1) and (a)(2) of the Act, and under
section 12(d)(1)(J) of the Act for an exemption from sections
12(d)(1)(A) and (B) of the Act.
-----------------------------------------------------------------------
APPLICANTS: Columbia Trust (the ``Trust''), Columbia Management
Investment Advisers, LLC (the ``Adviser'') and Columbia Management
Investment Distributors, Inc. (the ``Distributor'').
SUMMARY: Summary of Application: Applicants request an order
(``Order'') that permits: (a) Actively managed series of certain open-
end management investment companies to issue shares (``Shares'')
redeemable in large aggregations only (``Creation Units''); (b)
secondary market transactions in Shares to occur at the next-determined
net asset value plus or minus a market-determined premium or discount
that may vary during the trading day; (c) certain series to pay
redemption proceeds, under certain circumstances, more than seven days
from the tender of Shares for redemption; (d) certain affiliated
persons of the series to deposit securities into, and receive
securities from, the series in connection with the purchase and
redemption of Creation Units; (e) certain registered management
investment companies and unit investment trusts outside of the same
group of investment companies as the series to acquire Shares; and (f)
certain series to create and redeem Shares in kind in a master-feeder
structure. The Order would incorporate by reference terms and
conditions of a previous order granting the same relief sought by
applicants, as that order may be amended from time to time (``Reference
Order'').\1\
---------------------------------------------------------------------------
\1\ Eaton Vance Management, et al., Investment Company Act Rel.
Nos. 31333 (Nov. 6, 2014) (notice) and 31361 (Dec. 2, 2014) (order).
---------------------------------------------------------------------------
DATES: Filing Dates: The application was filed on September 28, 2015.
HEARING OR NOTIFICATION OF HEARING: An order granting the requested
relief will be issued unless the Commission orders a hearing.
Interested persons may request a hearing by writing to the Commission's
Secretary and serving applicants with a copy of the request, personally
or by mail. Hearing requests should be received by the Commission by
5:30 p.m. on November 9, 2015, and should be accompanied by proof of
service on applicants, in the form of an affidavit or, for lawyers, a
certificate of service. Pursuant to rule 0-5 under the Act, hearing
requests should state the nature of the writer's interest, any facts
bearing upon the desirability of a hearing on the matter, 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
Commission's Secretary.
ADDRESSES: The Commission: Brent J. Fields, Secretary, U.S. Securities
and Exchange Commission, 100 F Street NE., Washington, DC 20549-1090.
Applicants: Columbia Trust, Columbia Management Investment Advisers,
LLC, and Columbia Management Investment
[[Page 63257]]
Distributors, Inc., 225 Franklin Street, Boston, MA 02110.
FOR FURTHER INFORMATION CONTACT: Dalia Osman Blass, Assistant Chief
Counsel, at (202) 551-6821 (Division of Investment Management, Chief
Counsel's Office).
SUPPLEMENTARY INFORMATION: The following is a summary of the
application. The complete 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.
Applicants
1. The Trust will be registered as an open-end management
investment company under the Act and is a business trust organized
under the laws of Massachusetts. Applicants seek relief with respect to
a Fund (as defined below, and the Fund, the ``Initial Fund''). The
portfolio positions of the Fund will consist of securities and other
assets selected and managed by its Adviser or Subadviser (as defined
below) to pursue the Fund's investment objective.
2. The Adviser, a Minnesota limited liability company, will be the
investment adviser to the Initial Fund. An Adviser (as defined below)
will serve as investment adviser to the Fund. The Adviser is, and any
other Adviser will be, registered as an investment adviser under the
Investment Advisers Act of 1940 (``Advisers Act''). The Adviser and the
Trust may retain one or more Subadvisers (each a ``Subadviser'') to
manage the portfolio of the Fund. Any Subadviser will be registered, or
not subject to registration, under the Advisers Act.
3. The Distributor is a Delaware corporation and a broker-dealer
registered under the Securities Exchange Act of 1934 and will act as
the principal underwriter of Shares of the Fund. Applicants request
that the requested relief apply to any distributor of Shares, whether
affiliated or unaffiliated with the Adviser (included in the term
``Distributor''). Any Distributor will comply with the terms and
conditions of the Order.
Applicants' Requested Exemptive Relief
4. Applicants seek the requested Order under section 6(c) of the
Act for an exemption from sections 2(a)(32), 5(a)(1), 22(d) and 22(e)
of the Act and rule 22c-1 under the Act, under sections 6(c) and 17(b)
of the Act for an exemption from sections 17(a)(1) and 17(a)(2) of the
Act, and under section 12(d)(1)(J) of the Act for an exemption from
sections 12(d)(1)(A) and (B) of the Act. The requested Order would
permit applicants to offer exchange-traded managed funds. Because the
relief requested is the same as the relief granted by the Commission
under the Reference Order and because the Adviser has entered into, or
anticipates entering into, a licensing agreement with Eaton Vance
Management, or an affiliate thereof in order to offer exchange-traded
managed funds,\2\ the Order would incorporate by reference the terms
and conditions of the Reference Order.
---------------------------------------------------------------------------
\2\ Eaton Vance Management has obtained patents with respect to
certain aspects of the Funds' method of operation as exchange-traded
managed funds.
---------------------------------------------------------------------------
5. Applicants request that the Order apply to the Initial Fund and
to any other existing or future open-end management investment company
or series thereof that: (a) Is advised by the Adviser or any entity
controlling, controlled by, or under common control with the Adviser
(any such entity included in the term ``Adviser''); and (b) operates as
an exchange-traded managed fund as described in the Reference Order;
and (c) complies with the terms and conditions of the Order and of the
Reference Order, which is incorporated by reference herein (each such
company or series and Initial Fund, a ``Fund'').\3\
---------------------------------------------------------------------------
\3\ All entities that currently intend to rely on the Order are
named as applicants. Any other entity that relies on the Order in
the future will comply with the terms and conditions of the Order
and of the Reference Order, which is incorporated by reference
herein.
---------------------------------------------------------------------------
6. Section 6(c) of the Act provides that the Commission may exempt
any person, security or transaction, or any class of persons,
securities or transactions, from any provisions of the Act, if and to
the extent that such exemption is necessary or appropriate in the
public interest and consistent with the protection of investors and the
purposes fairly intended by the policy and provisions of the Act.
Section 17(b) of the Act authorizes the Commission to exempt a proposed
transaction from section 17(a) of the Act if evidence establishes that
the terms of the transaction, including the consideration to be paid or
received, are reasonable and fair and do not involve overreaching on
the part of any person concerned, and the proposed transaction is
consistent with the policies of the registered investment company and
the general purposes of the Act. Section 12(d)(1)(J) of the Act
provides that the Commission may exempt any person, security, or
transaction, or any class or classes of persons, securities or
transactions, from any provision of section 12(d)(1) if the exemption
is consistent with the public interest and the protection of investors.
7. Applicants submit that for the reasons stated in the Reference
Order: (1) With respect to the relief requested pursuant to section
6(c) of the Act, the relief is appropriate, in the public interest and
consistent with the protection of investors and the purposes fairly
intended by the policy and provisions of the Act; (2) with respect to
the relief request pursuant to section 17(b) of the Act, the proposed
transactions are reasonable and fair and do not involve overreaching on
the part of any person concerned, are consistent with the policies of
each registered investment company concerned and consistent with the
general purposes of the Act; and (3) with respect to the relief
requested pursuant to section 12(d)(1)(J) of the Act, the relief is
consistent with the public interest and the protection of investors.
By the Division of Investment Management, pursuant to delegated
authority.
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2015-26422 Filed 10-16-15; 8:45 am]
BILLING CODE 8011-01-P
