In the Matter of African Copper Corp., Genmed Holding Corp., and Yanglin Soybean, Inc., Order of Suspension of Trading, 73031-73032 [2015-29870]

Download as PDF Federal Register / Vol. 80, No. 225 / Monday, November 23, 2015 / Notices apply to position movements between NSCC Members that are Affiliates or to Client Custody Movements. Implementation The effective date of the proposed rule change will be announced via a NSCC Important Notice. The proposed rule change will not be implemented earlier than ten business days from the date of Commission approval. wgreen on DSK2VPTVN1PROD with NOTICES II. Discussion and Commission Findings Section 19(b)(2)(C) of the Act 11 directs the Commission to approve a proposed rule change of a selfregulatory organization if it finds that such proposed rule change is consistent with the requirements of the Act and rules and regulations thereunder applicable to such organization. The Commission believes the proposal is consistent with section 17A(b)(3)(F) of the Act 12 and Rule 17Ad–22(d)(4) 13 under the Act, as described in detail below. Consistency with Section 17A(b)(3)(F) of the Act. Section 17A(b)(3)(F) of the Act requires, among other things, that the rules of a clearing agency be designed to promote the prompt and accurate clearance and settlement of securities transactions, as well as, in general, protect investors and the public interest.14 The Commission believes that the receipt of locked-in trade data on a real-time basis through NSCC’s Correspondent Clearing service will enable NSCC’s risk management processes to monitor such trades closer to trade execution and, thus, better identify and manage related risk exposure on an intra-day basis. Further, receiving such transactions in real-time will promote intra-day reconciliation and, in return, more timely reporting of Member transactions back to Members, thereby enabling Members to manage their exposure to certain operational, market, and credit risks, all of which helps facilitate the prompt and accurate clearance and settlement of securities transactions. As such, the Commission believes that the proposal is consistent with section 17A(b)(3)(F) of the Act.15 Consistency with Rule 17Ad–22(d)(4). Rule 17Ad–22(d)(4) under the Act requires a central counterparty, such as NSCC, to ‘‘establish, implement, maintain and enforce written policies and procedures reasonably designed to . . . [i]dentify sources of operational On the basis of the foregoing, the Commission finds that the proposal is consistent with the requirements of the Act and in particular with the requirements of section 17A of the Act 18 and the rules and regulations thereunder. It is therefore ordered, pursuant to section 19(b)(2) of the Act, that proposed rule change SR–NSCC–2015– 004 be, and hereby is, Approved.19 For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.20 Robert W. Errett, Deputy Secretary. [FR Doc. 2015–29728 Filed 11–20–15; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [File No. 500–1] In the Matter of African Copper Corp., Genmed Holding Corp., and Yanglin Soybean, Inc., Order of Suspension of Trading November 19, 2015. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of African Copper Corp. (CIK No. 1526185), a revoked Nevada corporation with its principal place of business listed as Mowbray, Cape Town, South Africa, with stock quoted on OTC Link (previously, ‘‘Pink Sheets’’) operated by OTC Markets Group, Inc. (‘‘OTC Link’’) under the ticker symbol ACCS, because 16 17 CFR 240.17Ad–22(d)(4). 17 Id. U.S.C. 78q–1. approving the proposed rule change, the Commission considered the proposal’s impact on efficiency, competition, and capital formation. 15 U.S.C. 78c(f). 20 17 CFR 200.30–3(a)(12). U.S.C. 78s(b)(2)(C). 12 15 U.S.C. 78q-1(b)(3)(F). 13 17 CFR 240.17Ad–22(d)(4). 14 15 U.S.C. 78q-1(b)(3)(F). 15 Id. 14:25 Nov 20, 2015 III. Conclusion 18 15 11 15 VerDate Sep<11>2014 risk and minimize them through the development of appropriate systems, controls, and procedures . . . .’’ 16 As stated above, the Commission believes that the receipt of locked-in trade data on a real-time basis through NSCC’s Correspondent Clearing service will enable NSCC’s risk management processes to monitor such trades closer to trade execution, on an intra-day basis, and, thus, identify and manage related risk exposure earlier, thereby potentially minimizing a source of operational risk. As such, the Commission believes that the proposal is consistent with Rule 17Ad–22(d)(4).17 19 In Jkt 238001 PO 00000 Frm 00087 Fmt 4703 Sfmt 4703 73031 it has not filed any periodic reports since the period ended January 31, 2013. On October 22, 2014, the Division of Corporation Finance sent African Copper a delinquency letter requesting compliance with their periodic filing obligations, but the letter was returned because of African Copper’s failure to maintain a valid address on file with the Commission, as required by Commission rules (Rule 301 of Regulation S–T, 17 CFR 232.301 and Section 5.4 of EDGAR Filer Manual). It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Genmed Holding Corp. (CIK No. 1061688), a revoked Nevada corporation with its principal place of business listed as Zoetermeer, The Netherlands, with stock quoted on OTC Link under the ticker symbol GENM, because it has not filed any periodic reports since the period ended December 31, 2012. On October 22, 2014, the Division of Corporation Finance sent Genmed Holding a delinquency letter requesting compliance with their periodic filing obligations, but the letter was returned because of Genmed Holdings’ failure to maintain a valid address on file with the Commission, as required by Commission rules (Rule 301 of Regulation S–T, 17 CFR 232.301 and Section 5.4 of EDGAR Filer Manual). It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Yanglin Soybean, Inc. (CIK No. 1368745), a revoked Nevada corporation with its principal place of business listed as Heilongjiang Province, China, with stock quoted on OTC Link under the ticker symbol YSYB, because it has not filed any periodic reports since the period ended December 31, 2012. On November 7, 2014, the Division of Corporation Finance sent Yanglin Soybean a delinquency letter requesting compliance with their periodic filing obligations, but the letter was returned because of Yanglin Soybean’s failure to maintain a valid address on file with the Commission, as required by Commission rules (Rule 301 of Regulation S–T, 17 CFR 232.301 and Section 5.4 of EDGAR Filer Manual). The Commission is of the opinion that the public interest and the protection of investors require a suspension of trading in the securities of the above-listed companies. Therefore, it is ordered, pursuant to Section 12(k) of the Securities Exchange Act of 1934, that trading in the securities of the above-listed companies is suspended for the period from 9:30 E:\FR\FM\23NON1.SGM 23NON1 73032 Federal Register / Vol. 80, No. 225 / Monday, November 23, 2015 / Notices a.m. EST on November 19, 2015, through 11:59 p.m. EST on December 3, 2015. By the Commission. Jill M. Peterson, Assistant Secretary. [FR Doc. 2015–29870 Filed 11–19–15; 11:15 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–76456; File No. SR–EDGX– 2015–53] Self-Regulatory Organizations; EDGX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Rule 11.11, Routing to Away Trading Centers November 17, 2015. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (the ‘‘Act’’),1 and Rule 19b–4 thereunder,2 notice is hereby given that on November 9, 2015, EDGX Exchange, Inc. (the ‘‘Exchange’’ or ‘‘EDGX’’) filed with the Securities and Exchange Commission (‘‘Commission’’) the proposed rule change as described in Items I and II below, which Items have been prepared by the Exchange. The Exchange has designated this proposal as a ‘‘noncontroversial’’ proposed rule change pursuant to Section 19(b)(3)(A) of the Act 3 and Rule 19b–4(f)(6)(iii) thereunder,4 which renders it effective upon filing with the Commission. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. wgreen on DSK2VPTVN1PROD with NOTICES I. Self-Regulatory Organization’s Statement of the Terms of the Substance of the Proposed Rule Change The Exchange filed a proposal to amend Rule 11.11, Routing to Away Trading Centers, to adopt a new routing option to be known as ALLB. The text of the proposed rule change is available at the Exchange’s Web site at www.batstrading.com, at the principal office of the Exchange, and at the Commission’s Public Reference Room. II. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, the Exchange included statements concerning the purpose of and basis for 1 15 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 15 U.S.C. 78s(b)(3)(A). 4 17 CFR 240.19b–4(f)(6)(iii). 2 17 VerDate Sep<11>2014 14:25 Nov 20, 2015 Jkt 238001 the proposed rule change and discussed any comments it received on the proposed rule change. The text of these statements may be examined at the places specified in Item IV below. The Exchange has prepared summaries, set forth in Sections A, B, and C below, of the most significant parts of such statements. A. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Purpose The Exchange proposes to amend Rule 11.11, Routing to Away Trading Centers, to adopt a new routing option to be known as ALLB. As proposed, ALLB would be a routing option under which the order checks the System 5 for available shares and is then sent to the BATS Exchange, Inc. (‘‘BZX’’), BATS YExchange, Inc. (‘‘BYX’’), and the EDGA Exchange, Inc. (‘‘EDGA’’ collectively with the Exchange, BZX, and BYX, the ‘‘BGM Affiliated Exchanges’’). Specifically, an order subject to the ALLB routing option would execute first against contra-side displayed and nondisplayed liquidity on the EDGX Book 6 at the National Best Bid or Offer (‘‘NBBO’’) or better. Any remainder, would then be routed to BZX, BYX, and/or EDGA in accordance with the System routing table.7 If shares remain unexecuted after routing, they are posted to the EDGX Book, unless otherwise instructed by the User.8 In such case, the User may instruct the Exchange to cancel the remaining shares. ALLB is designed to comply with Rule 611 and all other provisions of Regulation NMS.9 2. Statutory Basis The Exchange believes that its proposal is consistent with Section 6(b) of the Act 10 in general, and furthers the objectives of Section 6(b)(5) of the Act 11 5 The term ‘‘System’’ is defined as ‘‘the electronic communications and trading facility designated by the Board through which securities orders of Users are consolidated for ranking, execution and, when applicable, routing away.’’ See Exchange Rule 1.5(cc). 6 The term ‘‘EDGX Book’’ is defined as ‘‘the System’s electronic file of orders.’’ See Exchange Rule 1.5(d). 7 The term ‘‘System routing table’’ refers to the proprietary process for determining the specific trading venues to which the System routes orders and the order in which it routes them. See Exchange Rule 11.11(g). 8 The term ‘‘User’’ is defined as ‘‘any Member or Sponsored Participant who is authorized to obtain access to the System pursuant to Rule 11.3.’’ See Exchange Rule 1.5(ee). 9 17 CFR 242.611. 10 15 U.S.C. 78f(b). 11 15 U.S.C. 78f(b)(5). PO 00000 Frm 00088 Fmt 4703 Sfmt 4703 in particular, in that it is designed to promote just and equitable principles of trade, to foster cooperation and coordination with persons engaged in facilitating transactions in securities, to remove impediments to and perfect the mechanism of a free and open market and a national market system and, in general, to protect investors and the public interest. The proposed rule change promotes just and equitable principles of trade because it would provide Users with greater flexibility in routing orders consistent with Regulation NMS without developing complicated order routing strategies on their own. The Exchange believes that the proposed routing option will also accomplish those ends by providing market participants with an additional voluntary routing option that will enable them to easily access liquidity available on all of the national securities exchanges operated by BGM Affiliated Exchanges. The Exchange expects the routing strategy will benefit firms that do not employ routing or trading strategies under which the firm itself would rapidly access liquidity provided on the multiple venues. ALLB would not provide any advantage to Users when routing to the EDGA, BZX, or BYX as compared to other methods of routing or connectivity available to Users by the Exchange. Lastly, the Exchange also notes that routing options enabling the routing of orders between affiliated exchanges is not unique and that the ALLB routing option is similar to routing options offered by other exchange groups that permit routing between affiliates. Specifically, the Nasdaq Stock Market LLC (‘‘Nasdaq’’), the Nasdaq OMX BX (‘‘BX’’), Nasdaq OMX PSX (‘‘PSX’’) offer routing options that enable an order, whether sent to Nasdaq, BX, or PSX, to check the Nasdaq, BX, and PSX books for liquidity before optionally posting to the Nasdaq, BX, or PSX book.12 In addition, BZX previously offered a variation of a Destination Specific Order 13 which routed to and executed by its affiliate, BYX, known as the B2B routing.14 Therefore, the Exchange 12 See Securities Exchange Act Release Nos. 63900 (February 14, 2011), 76 FR 9397 (February 17, 2011) (SR–Nasdaq–2011–026); 65470 (October 3, 2011), 76 FR 62489 (October 7, 2011) (SR–BX– 2011–048); and 65469 (October 3, 2011), 76 FR 62486 (October 7, 2011) (SR–Phlx–2011–108) (Notices of Filing and Immediate Effectiveness to adopt the CART, BCRT, and PCRT routing options on Nasdaq, BX, and PSX respectively). See also Nasdaq Rule 4758(a)(1)(A)(xi); BX Rule 4758(a)(1)(A)(vii); and PSX Rule 3315(a)(1)(A)(vii). 13 See Exchange Rule 11.11(g)(14). 14 See Securities Exchange Act Release No. 63146 (October 21, 2010), 75 FR 66170 (October 27, 2010) (SR–BATS–2010–030). The Exchange notes that E:\FR\FM\23NON1.SGM 23NON1

Agencies

[Federal Register Volume 80, Number 225 (Monday, November 23, 2015)]
[Notices]
[Pages 73031-73032]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-29870]


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SECURITIES AND EXCHANGE COMMISSION

[File No. 500-1]


In the Matter of African Copper Corp., Genmed Holding Corp., and 
Yanglin Soybean, Inc., Order of Suspension of Trading

November 19, 2015.
    It appears to the Securities and Exchange Commission that there is 
a lack of current and accurate information concerning the securities of 
African Copper Corp. (CIK No. 1526185), a revoked Nevada corporation 
with its principal place of business listed as Mowbray, Cape Town, 
South Africa, with stock quoted on OTC Link (previously, ``Pink 
Sheets'') operated by OTC Markets Group, Inc. (``OTC Link'') under the 
ticker symbol ACCS, because it has not filed any periodic reports since 
the period ended January 31, 2013. On October 22, 2014, the Division of 
Corporation Finance sent African Copper a delinquency letter requesting 
compliance with their periodic filing obligations, but the letter was 
returned because of African Copper's failure to maintain a valid 
address on file with the Commission, as required by Commission rules 
(Rule 301 of Regulation S-T, 17 CFR 232.301 and Section 5.4 of EDGAR 
Filer Manual).
    It appears to the Securities and Exchange Commission that there is 
a lack of current and accurate information concerning the securities of 
Genmed Holding Corp. (CIK No. 1061688), a revoked Nevada corporation 
with its principal place of business listed as Zoetermeer, The 
Netherlands, with stock quoted on OTC Link under the ticker symbol 
GENM, because it has not filed any periodic reports since the period 
ended December 31, 2012. On October 22, 2014, the Division of 
Corporation Finance sent Genmed Holding a delinquency letter requesting 
compliance with their periodic filing obligations, but the letter was 
returned because of Genmed Holdings' failure to maintain a valid 
address on file with the Commission, as required by Commission rules 
(Rule 301 of Regulation S-T, 17 CFR 232.301 and Section 5.4 of EDGAR 
Filer Manual).
    It appears to the Securities and Exchange Commission that there is 
a lack of current and accurate information concerning the securities of 
Yanglin Soybean, Inc. (CIK No. 1368745), a revoked Nevada corporation 
with its principal place of business listed as Heilongjiang Province, 
China, with stock quoted on OTC Link under the ticker symbol YSYB, 
because it has not filed any periodic reports since the period ended 
December 31, 2012. On November 7, 2014, the Division of Corporation 
Finance sent Yanglin Soybean a delinquency letter requesting compliance 
with their periodic filing obligations, but the letter was returned 
because of Yanglin Soybean's failure to maintain a valid address on 
file with the Commission, as required by Commission rules (Rule 301 of 
Regulation S-T, 17 CFR 232.301 and Section 5.4 of EDGAR Filer Manual).
    The Commission is of the opinion that the public interest and the 
protection of investors require a suspension of trading in the 
securities of the above-listed companies.
    Therefore, it is ordered, pursuant to Section 12(k) of the 
Securities Exchange Act of 1934, that trading in the securities of the 
above-listed companies is suspended for the period from 9:30

[[Page 73032]]

a.m. EST on November 19, 2015, through 11:59 p.m. EST on December 3, 
2015.

    By the Commission.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2015-29870 Filed 11-19-15; 11:15 am]
BILLING CODE 8011-01-P
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