Notice of Applications for Deregistration Under Section 8(f) of the Investment Company Act of 1940, 68584-68585 [2015-28149]

Download as PDF 68584 Federal Register / Vol. 80, No. 214 / Thursday, November 5, 2015 / Notices the Exchange to directly compete with these exchanges for order flow. B. Self-Regulatory Organization’s Statement on Burden on Competition The Exchange does not believe that the proposed rule change will impose any burden on competition that is not necessary or appropriate in furtherance of the purposes of the Act. To the contrary, the proposed rule change is a competitive change that is designed to attract additional order flow to the Exchange.13 The proposed rule change would, therefore, increase competition by enabling the Exchange to accept orders starting at 7:30 a.m. Eastern Time like its competitors. For all the reasons stated above, the Exchange does not believe that the proposed rule changes will impose any burden on competition not necessary or appropriate in furtherance of the purposes of the Act, and believes the proposed change will enhance competition. C. Self-Regulatory Organization’s Statement on Comments on the Proposed Rule Change Received From Members, Participants, or Others The Exchange has neither solicited nor received written comments on the proposed rule change. The Exchange has not received any written comments from members or other interested parties. jstallworth on DSK7TPTVN1PROD with NOTICES III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action Because the foregoing proposed rule change does not: (A) significantly affect the protection of investors or the public interest; (B) impose any significant burden on competition; and (C) by its terms, become operative for 30 days from the date on which it was filed or such shorter time as the Commission may designate it has become effective pursuant to Section 19(b)(3)(A) of the Act 14 and paragraph (f)(6) of Rule 19b– 4 thereunder,15 the Exchange has designated this rule filing as noncontroversial. The Exchange has given the Commission written notice of its intent to file the proposed rule change, along with a brief description and text of the proposed rule change at least five business days prior to the date of filing of the proposed rule change, or such www.miaxoptions.com/hours-operation-miaxoptions-exchange (stating that firms can connect and conduct pre-market activity starting at 7:30 a.m.). 13 Id. 14 15 U.S.C. 78s(b)(3)(A). 15 17 CFR 240.19b–4. VerDate Sep<11>2014 15:06 Nov 04, 2015 Jkt 238001 shorter time as designated by the Commission. At any time within 60 days of the filing of the proposed rule change, the Commission summarily may temporarily suspend such rule change if it appears to the Commission that such action is: (1) Necessary or appropriate in the public interest; (2) for the protection of investors; or (3) otherwise in furtherance of the purposes of the Act. If the Commission takes such action, the Commission shall institute proceedings to determine whether the proposed rule should be approved or disapproved. IV. Solicitation of Comments Interested persons are invited to submit written data, views, and arguments concerning the foregoing, including whether the proposed rule change is consistent with the Act. Comments may be submitted by any of the following methods: Electronic Comments • Use the Commission’s Internet comment form (https://www.sec.gov/ rules/sro.shtml); or • Send an email to rule-comments@ sec.gov. Please include File No. SR– EDGX–2015–50 on the subject line. Paper Comments • Send paper comments in triplicate to Secretary, Securities and Exchange Commission, 100 F Street NE., Washington, DC 20549–1090. All submissions should refer to File No. SR–EDGX–2015–50. This file number should be included on the subject line if email is used. To help the Commission process and review your comments more efficiently, please use only one method. The Commission will post all comments on the Commission’s Internet Web site (https://www.sec.gov/ rules/sro.shtml). Copies of the submission, all subsequent amendments, all written statements with respect to the proposed rule change that are filed with the Commission, and all written communications relating to the proposed rule change between the Commission and any person, other than those that may be withheld from the public in accordance with the provisions of 5 U.S.C. 552, will be available for Web site viewing and printing in the Commission’s Public Reference Room, 100 F Street NE., Washington, DC 20549 on official business days between the hours of 10:00 a.m. and 3:00 p.m. Copies of such filing also will be available for inspection and copying at the principal office of the Exchange. All comments received will be posted without change; PO 00000 Frm 00093 Fmt 4703 Sfmt 4703 the Commission does not edit personal identifying information from submissions. You should submit only information that you wish to make available publicly. All submissions should refer to File No. SR–EDGX– 2015–50, and should be submitted on or before November 27, 2015. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.16 Jill M. Peterson, Assistant Secretary. [FR Doc. 2015–28146 Filed 11–4–15; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. IC–31887] Notice of Applications for Deregistration Under Section 8(f) of the Investment Company Act of 1940 October 30, 2015. The following is a notice of applications for deregistration under section 8(f) of the Investment Company Act of 1940 for the month of October 2015. 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 November 20, 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. FOR FURTHER INFORMATION CONTACT: Chief Counsel’s Office at (202) 551– 6821, SEC, Division of Investment 16 17 E:\FR\FM\05NON1.SGM CFR 200.30–3(a)(12). 05NON1 Federal Register / Vol. 80, No. 214 / Thursday, November 5, 2015 / Notices Management, Chief Counsel’s Office, 100 F Street NE., Washington, DC 20549–8010. Applicant’s Address: 6601 Six Forks Road, Suite 340, Raleigh, North Carolina 27615. Santander AM Funds Trust [File No. 811–22890] Franklin Mutual Recovery Fund [File No. 811–21306] Summary: Applicant seeks an order declaring that it has ceased to be an investment company. Applicant has never made a public offering of its securities and does not propose to make a public offering or engage in business of any kind. Filing Dates: The application was filed on September 28, 2015. Applicant’s Address: 2 Morrissey Boulevard, Dorchester, Massachusetts 02125. Summary: Applicant, a closed-end investment company, seeks an order declaring that it has ceased to be an investment company. Applicant transferred its assets to Franklin Mutual Quest Fund of the Franklin Mutual Series Funds, and on August 27, 2015, made a final distribution to its shareholders based on net asset value. Expenses of approximately $116,653 incurred in connection with the reorganization were paid by the acquiring fund and the investment adviser of the applicant and the acquiring fund. Filing Dates: The application was filed on October 23, 2015. Applicant’s Address: 101 John F. Kennedy Parkway, Short Hills, New Jersey 07078–2702 Eudora Funds [File No. 811–22729] Summary: Applicant seeks an order declaring that it has ceased to be an investment company. On September 10, 2015, applicant made a liquidating distribution to its shareholders, based on net asset value. Expenses of $7,750 incurred in connection with the liquidation were paid by applicant’s investment adviser. Filing Dates: The application was filed on September 30, 2015. Applicant’s Address: 8000 Town Centre Drive, Suite 400, Broadview Heights, Ohio 44147. Russell Exchange Traded Funds Trust [File No. 811–22320] Summary: Applicant seeks an order declaring that it has ceased to be an investment company. On January 30, 2015, applicant made a liquidating distribution to its shareholders, based on net asset value. Expenses of $41,223 incurred in connection with the liquidation were paid by applicant’s investment adviser. Filing Dates: The application was filed on October 5, 2015. Applicant’s Address: 1301 Second Avenue, 18th Floor, Seattle, Washington 98101. jstallworth on DSK7TPTVN1PROD with NOTICES HCIM Trust [File No. 811–22871] Master Basic Value LLC [File No. 811– 10179] Summary: Applicant seeks an order declaring that it has ceased to be an investment company. On February 9, 2015, applicant made a liquidating distribution to its shareholders, based on net asset value. Expenses of approximately $135,046 incurred in connection with the liquidation were paid by applicant’s investment adviser. Filing Dates: The application was filed on October 28, 2015. Applicant’s Address: 100 Bellevue Parkway, Wilmington, Delaware 19809 For the Commission, by the Division of Investment Management, pursuant to delegated authority. Jill M. Peterson, Assistant Secretary. [FR Doc. 2015–28149 Filed 11–4–15; 8:45 am] BILLING CODE 8011–01–P Summary: Applicant seeks an order declaring that it has ceased to be an investment company. Applicant transferred its assets to Hatteras Disciplined Opportunity Fund, a series of Hatteras Alternative Mutual Funds Trust, and on July 10, 2015, made a final distribution to its shareholders based on net asset value. Expenses of $16,987.50 incurred in connection with the reorganization were paid by the investment adviser of the applicant and the acquiring fund. Filing Dates: The application was filed on October 6, 2015. VerDate Sep<11>2014 15:06 Nov 04, 2015 Jkt 238001 PO 00000 68585 SECURITIES AND EXCHANGE COMMISSION [Release No. 34–76323; File No. SR–NYSE– 2015–02] Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Designation of Longer Period for Commission Action on Proceedings To Determine Whether To Disapprove Proposed Rule Change, as Modified by Amendment No. 1, Amending Sections 312.03(b) and 312.04 of the NYSE Listed Company Manual to Exempt Early Stage Companies From Having To Obtain Shareholder Approval Before Issuing Shares for Cash to Related Parties, Affiliates of Related Parties or Entities in Which a Related Party Has a Substantial Interest October 30, 2015. On April 16, 2015, New York Stock Exchange (‘‘NYSE’’) filed with the Securities and Exchange Commission (‘‘Commission’’), pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’) 1 and Rule 19b–4 thereunder,2 a proposed rule change to amend Sections 312.03(b) and 312.04 of the NYSE Listed Company Manual to exempt early stage companies from having to obtain shareholder approval before issuing shares for cash to related parties, affiliates of related parties or entities in which a related party has a substantial interest. The proposed rule change was published for comment in the Federal Register on May 6, 2015.3 The Commission received no comment letters in response to the publication of the Notice. On June 18, 2015, the Commission designated a longer period for Commission action on the proposed rule change, until August 4, 2015.4 On August 4, 2014, the Commission initiated proceedings under Section 19(b)(2)(B) of the Act 5 to determine whether to approve or disapprove the proposed rule change.6 On August 31, 2015, in response to the Order Instituting Proceedings, the Commission received a comment letter from the Exchange as well as an Amendment No. 1 to the proposed rule change.7 The 1 15 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 See Securities Exchange Act Release No. 74849 (April 30, 2015), 80 FR 26118 (‘‘Notice’’). 4 See Securities Exchange Act Release No. 75248 (June 18, 2015), 80 FR 36385 (June 24, 2015). 5 15 U.S.C. 78s(b)(2)(B). 6 See Securities Exchange Act Release No. 75599 (August 4, 2015), 80 FR 47978 (August 10, 2015) (‘‘Order Instituting Proceedings’’). 7 See letter to Brent J. Fields, Secretary, Commission from Clare F. Saperstein, Associate General Counsel, New York Stock Exchange, dated August 31, 2015 and Amendment No. 1 to the 2 17 Continued Frm 00094 Fmt 4703 Sfmt 4703 E:\FR\FM\05NON1.SGM 05NON1

Agencies

[Federal Register Volume 80, Number 214 (Thursday, November 5, 2015)]
[Notices]
[Pages 68584-68585]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-28149]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. IC-31887]


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

October 30, 2015.
    The following is a notice of applications for deregistration under 
section 8(f) of the Investment Company Act of 1940 for the month of 
October 2015. 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 November 20, 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.

FOR FURTHER INFORMATION CONTACT:  Chief Counsel's Office at (202) 551-
6821, SEC, Division of Investment

[[Page 68585]]

Management, Chief Counsel's Office, 100 F Street NE., Washington, DC 
20549-8010.

Santander AM Funds Trust [File No. 811-22890]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. Applicant has never made a public offering of 
its securities and does not propose to make a public offering or engage 
in business of any kind.
    Filing Dates: The application was filed on September 28, 2015.
    Applicant's Address: 2 Morrissey Boulevard, Dorchester, 
Massachusetts 02125.

Eudora Funds [File No. 811-22729]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On September 10, 2015, applicant made a 
liquidating distribution to its shareholders, based on net asset value. 
Expenses of $7,750 incurred in connection with the liquidation were 
paid by applicant's investment adviser.
    Filing Dates: The application was filed on September 30, 2015.
    Applicant's Address: 8000 Town Centre Drive, Suite 400, Broadview 
Heights, Ohio 44147.

Russell Exchange Traded Funds Trust [File No. 811-22320]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On January 30, 2015, applicant made a 
liquidating distribution to its shareholders, based on net asset value. 
Expenses of $41,223 incurred in connection with the liquidation were 
paid by applicant's investment adviser.
    Filing Dates: The application was filed on October 5, 2015.
    Applicant's Address: 1301 Second Avenue, 18th Floor, Seattle, 
Washington 98101.

HCIM Trust [File No. 811-22871]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. Applicant transferred its assets to Hatteras 
Disciplined Opportunity Fund, a series of Hatteras Alternative Mutual 
Funds Trust, and on July 10, 2015, made a final distribution to its 
shareholders based on net asset value. Expenses of $16,987.50 incurred 
in connection with the reorganization were paid by the investment 
adviser of the applicant and the acquiring fund.
    Filing Dates: The application was filed on October 6, 2015.
    Applicant's Address: 6601 Six Forks Road, Suite 340, Raleigh, North 
Carolina 27615.

Franklin Mutual Recovery Fund [File No. 811-21306]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. Applicant 
transferred its assets to Franklin Mutual Quest Fund of the Franklin 
Mutual Series Funds, and on August 27, 2015, made a final distribution 
to its shareholders based on net asset value. Expenses of approximately 
$116,653 incurred in connection with the reorganization were paid by 
the acquiring fund and the investment adviser of the applicant and the 
acquiring fund.
    Filing Dates: The application was filed on October 23, 2015.
    Applicant's Address: 101 John F. Kennedy Parkway, Short Hills, New 
Jersey 07078-2702

Master Basic Value LLC [File No. 811-10179]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On February 9, 2015, applicant made a 
liquidating distribution to its shareholders, based on net asset value. 
Expenses of approximately $135,046 incurred in connection with the 
liquidation were paid by applicant's investment adviser.
    Filing Dates: The application was filed on October 28, 2015.
    Applicant's Address: 100 Bellevue Parkway, Wilmington, Delaware 
19809

    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2015-28149 Filed 11-4-15; 8:45 am]
 BILLING CODE 8011-01-P
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