California Disaster #CA-00263, 15410 [2017-06031]
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15410
Federal Register / Vol. 82, No. 58 / Tuesday, March 28, 2017 / Notices
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and any principal underwriter for the
Funds, and/or any broker or dealer
registered under the Exchange Act, to
sell shares to Funds of Funds beyond
the limits of section 12(d)(1)(B) of the
Act. The application’s terms and
conditions are designed to, among other
things, help prevent any potential (i)
undue influence over a Fund through
control or voting power, or in
connection with certain services,
transactions, and underwritings, (ii)
excessive layering of fees, and (iii)
overly complex fund structures, which
are the concerns underlying the limits
in sections 12(d)(1)(A) and (B) of the
Act.
8. Applicants request an exemption
from sections 17(a)(1) and 17(a)(2) of the
Act to permit persons that are Affiliated
Persons, or Second Tier Affiliates, of the
Funds, solely by virtue of certain
ownership interests, to effectuate
purchases and redemptions in-kind. The
deposit procedures for in-kind
purchases of Creation Units and the
redemption procedures for in-kind
redemptions of Creation Units will be
the same for all purchases and
redemptions and Deposit Instruments
and Redemption Instruments will be
valued in the same manner as those
Portfolio Holdings currently held by the
Funds. Applicants also seek relief from
the prohibitions on affiliated
transactions in section 17(a) to permit a
Fund to sell its shares to and redeem its
shares from a Fund of Funds, and to
engage in the accompanying in-kind
transactions with the Fund of Funds.2
The purchase of Creation Units by a
Fund of Funds directly from a Fund will
be accomplished in accordance with the
policies of the Fund of Funds and will
be based on the NAVs of the Funds.
9. Applicants also request relief to
permit a Feeder Fund to acquire shares
of another registered investment
company managed by the Adviser
having substantially the same
investment objectives as the Feeder
Fund (‘‘Master Fund’’) beyond the
limitations in section 12(d)(1)(A) and
permit the Master Fund, and any
principal underwriter for the Master
Fund, to sell shares of the Master Fund
to the Feeder Fund beyond the
limitations in section 12(d)(1)(B).
2 The requested relief would apply to direct sales
of shares in Creation Units by a Fund to a Fund of
Funds and redemptions of those shares. Applicants,
moreover, are not seeking relief from section 17(a)
for, and the requested relief will not apply to,
transactions where a Fund could be deemed an
Affiliated Person, or a Second-Tier Affiliate, of a
Fund of Funds because an Adviser or an entity
controlling, controlled by or under common control
with an Adviser provides investment advisory
services to that Fund of Funds.
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10. Section 6(c) of the Act permits the
Commission to exempt any persons or
transactions from any provision of the
Act if 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 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.
Section 17(b) of the Act authorizes the
Commission to grant an order
permitting a transaction otherwise
prohibited by section 17(a) if it finds
that (a) the terms of the proposed
transaction are fair and reasonable and
do not involve overreaching on the part
of any person concerned; (b) the
proposed transaction is consistent with
the policies of each registered
investment company involved; and (c)
the proposed transaction is consistent
with the general purposes of the Act.
For the Commission, by the Division of
Investment Management, under delegated
authority.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017–06085 Filed 3–27–17; 8:45 am]
BILLING CODE 8011–01–P
SMALL BUSINESS ADMINISTRATION
[Disaster Declaration #15092 and #15093]
California Disaster #CA–00263
U.S. Small Business
Administration.
ACTION: Notice.
AGENCY:
This is a notice of an
Administrative declaration of a disaster
for the State of California dated 03/20/
2017.
Incident: Severe Storms and Flooding.
Incident Period: 02/01/2017 through
02/25/2017.
DATES: Effective Date: 03/20/2017.
Physical Loan Application Deadline
Date: 05/19/2017.
Economic Injury (EIDL) Loan
Application Deadline Date: 12/20/2017.
ADDRESSES: Submit completed loan
applications to: U.S. Small Business
Administration, Processing and
Disbursement Center, 14925 Kingsport
Road, Fort Worth, TX 76155.
FOR FURTHER INFORMATION CONTACT: A.
Escobar, Office of Disaster Assistance,
U.S. Small Business Administration,
SUMMARY:
PO 00000
Frm 00097
Fmt 4703
Sfmt 4703
409 3rd Street SW., Suite 6050,
Washington, DC 20416.
SUPPLEMENTARY INFORMATION: Notice is
hereby given that as a result of the
Administrator’s disaster declaration,
applications for disaster loans may be
filed at the address listed above or other
locally announced locations.
The following areas have been
determined to be adversely affected by
the disaster:
Primary Counties: Colusa, Lake, Lassen,
Plumas, Santa Clara, Santa Cruz.
Contiguous Counties:
California: Alameda, Butte, Glenn,
Mendocino, Merced, Modoc,
Monterey, Napa, San Benito, San
Joaquin, San Mateo, Shasta, Sierra,
Sonoma, Stanislaus, Sutter,
Tehama, Yolo, Yuba.
Nevada: Washoe.
The Interest Rates are:
Percent
For Physical Damage:
Homeowners with Credit Available Elsewhere ......................
Homeowners without Credit
Available Elsewhere ..............
Businesses with Credit Available Elsewhere ......................
Businesses
without
Credit
Available Elsewhere ..............
Non-Profit Organizations with
Credit Available Elsewhere ...
Non-Profit Organizations without Credit Available Elsewhere .....................................
For Economic Injury:
Businesses & Small Agricultural
Cooperatives without Credit
Available Elsewhere ..............
Non-Profit Organizations without Credit Available Elsewhere .....................................
3.750
1.875
6.300
3.150
2.500
2.500
3.150
2.500
The number assigned to this disaster
for physical damage is 15092 6 and for
economic injury is 15093 0.
The States which received an EIDL
Declaration # are California, Nevada.
(Catalog of Federal Domestic Assistance
Number 59008)
Dated: March 20, 2017.
Linda E. McMahon,
Administrator.
[FR Doc. 2017–06031 Filed 3–27–17; 8:45 am]
BILLING CODE 8025–01–P
SMALL BUSINESS ADMINISTRATION
[Disaster Declaration #15090 and #15091]
Kentucky Disaster #KY–00064
U.S. Small Business
Administration.
ACTION: Notice.
AGENCY:
E:\FR\FM\28MRN1.SGM
28MRN1
]]>Agencies
[Federal Register Volume 82, Number 58 (Tuesday, March 28, 2017)]
[Notices]
[Page 15410]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-06031]
=======================================================================
-----------------------------------------------------------------------
SMALL BUSINESS ADMINISTRATION
[Disaster Declaration #15092 and #15093]
California Disaster #CA-00263
AGENCY: U.S. Small Business Administration.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: This is a notice of an Administrative declaration of a
disaster for the State of California dated 03/20/2017.
Incident: Severe Storms and Flooding.
Incident Period: 02/01/2017 through 02/25/2017.
DATES: Effective Date: 03/20/2017.
Physical Loan Application Deadline Date: 05/19/2017.
Economic Injury (EIDL) Loan Application Deadline Date: 12/20/2017.
ADDRESSES: Submit completed loan applications to: U.S. Small Business
Administration, Processing and Disbursement Center, 14925 Kingsport
Road, Fort Worth, TX 76155.
FOR FURTHER INFORMATION CONTACT: A. Escobar, Office of Disaster
Assistance, U.S. Small Business Administration, 409 3rd Street SW.,
Suite 6050, Washington, DC 20416.
SUPPLEMENTARY INFORMATION: Notice is hereby given that as a result of
the Administrator's disaster declaration, applications for disaster
loans may be filed at the address listed above or other locally
announced locations.
The following areas have been determined to be adversely affected
by the disaster:
Primary Counties: Colusa, Lake, Lassen, Plumas, Santa Clara, Santa
Cruz.
Contiguous Counties:
California: Alameda, Butte, Glenn, Mendocino, Merced, Modoc,
Monterey, Napa, San Benito, San Joaquin, San Mateo, Shasta, Sierra,
Sonoma, Stanislaus, Sutter, Tehama, Yolo, Yuba.
Nevada: Washoe.
The Interest Rates are:
------------------------------------------------------------------------
Percent
------------------------------------------------------------------------
For Physical Damage:
Homeowners with Credit Available Elsewhere................. 3.750
Homeowners without Credit Available Elsewhere.............. 1.875
Businesses with Credit Available Elsewhere................. 6.300
Businesses without Credit Available Elsewhere.............. 3.150
Non-Profit Organizations with Credit Available Elsewhere... 2.500
Non-Profit Organizations without Credit Available Elsewhere 2.500
For Economic Injury:
Businesses & Small Agricultural Cooperatives without Credit 3.150
Available Elsewhere.......................................
Non-Profit Organizations without Credit Available Elsewhere 2.500
------------------------------------------------------------------------
The number assigned to this disaster for physical damage is 15092 6
and for economic injury is 15093 0.
The States which received an EIDL Declaration # are California,
Nevada.
(Catalog of Federal Domestic Assistance Number 59008)
Dated: March 20, 2017.
Linda E. McMahon,
Administrator.
[FR Doc. 2017-06031 Filed 3-27-17; 8:45 am]
BILLING CODE 8025-01-P
