Notice of Applications for Deregistration Under Section 8(f) of the Investment Company Act of 1940, 37855 [2018-16527]

Download as PDF Federal Register / Vol. 83, No. 149 / Thursday, August 2, 2018 / Notices SECURITIES AND EXCHANGE COMMISSION Applicant’s Address: 800 Clinton Square, Rochester, New York 14604. [Investment Company Act Release No. 33184] Cohen & Steers Active Commodities Strategy Fund, Inc. [File No. 811– 22938] Notice of Applications for Deregistration Under Section 8(f) of the Investment Company Act of 1940 July 27, 2018. The following is a notice of applications for deregistration under section 8(f) of the Investment Company Act of 1940 for the month of July 2018. A copy of each application may be obtained via the Commission’s website by searching for the file number, or for an applicant using the Company name box, at http://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 August 21, 2018, 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: Secretary, U.S. Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549–1090. FOR FURTHER INFORMATION CONTACT: Shawn Davis, Branch Chief, at (202) 551–6413 or Chief Counsel’s Office at (202) 551–6821; SEC, Division of Investment Management, Chief Counsel’s Office, 100 F Street NE, Washington, DC 20549–8010. daltland on DSKBBV9HB2PROD with NOTICES Broadstone Real Estate Access Fund, Inc. [File No. 811–23303] Summary: Applicant, a closed-end investment company, 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 July 11, 2018, and amended on July 19, 2018. VerDate Sep<11>2014 17:06 Aug 01, 2018 Jkt 244001 Summary: Applicant seeks an order declaring that it has ceased to be an investment company. On April 13, 2018, applicant made a liquidating distribution to its shareholders, based on net asset value. Expenses of $50,599 incurred in connection with the liquidation were paid by the applicant. Filing Date: The application was filed on July 11, 2018. Applicant’s Address: 280 Park Avenue, 10th Floor New York, New York 10017. For the Commission, by the Division of Investment Management, pursuant to delegated authority. Robert W. Errett, Deputy Secretary. [FR Doc. 2018–16527 Filed 8–1–18; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–83735; File No. SR–OCC– 2018–008] Self-Regulatory Organizations; The Options Clearing Corporation; Order Approving Proposed Rule Change, as Modified by Amendments No. 1 and 2, Related to The Options Clearing Corporation’s Stress Testing and Clearing Fund Methodology July 27, 2018. I. Introduction On May 30, 2018, The Options Clearing Corporation (‘‘OCC’’) filed with the Securities and Exchange Commission (‘‘Commission’’) the proposed rule change SR–OCC–2018– 008 (‘‘Proposed Rule Change’’) pursuant to Section 19(b) of the Securities Exchange Act of 1934 (‘‘Act’’) 1 and Rule 19b–4 2 thereunder to propose changes to OCC’s By-Laws and Rules, the formalization of a substantially new Clearing Fund Methodology Policy (‘‘Policy’’), and the adoption of a document describing OCC’s new Clearing Fund and stress testing methodology (‘‘Methodology Description’’).3 The proposed changes are primarily designed to enhance OCC’s overall resiliency, particularly with respect to the level of OCC’s pre1 15 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 See Notice of Filing infra note 5, at 83 FR 28018. 2 17 PO 00000 Frm 00073 Fmt 4703 Sfmt 4703 37855 funded financial resources. Specifically, the proposed changes would: (1) Reorganize, restate, and consolidate the provisions of OCC’s ByLaws and Rules relating to the Clearing Fund into a newly revised Chapter X of OCC’s Rules; (2) modify the coverage level of OCC’s Clearing Fund sizing requirement to protect OCC against losses stemming from the default of the two Clearing Member Groups that would potentially cause the largest aggregate credit exposure for OCC in extreme but plausible market conditions (i.e., adopt a ‘‘Cover 2 Standard’’ for sizing the Clearing Fund); (3) adopt a new risk tolerance for OCC to cover a 1-in-50 year hypothetical market event at a 99.5% confidence level over a two-year look-back period; (4) adopt a new Clearing Fund and stress testing methodology, which would be underpinned by a new scenario-based one-factor risk model stress testing approach, as detailed in the newly proposed Policy and Methodology Description; (5) document governance, monitoring, and review processes related to Clearing Fund and stress testing; (6) provide for certain anti-procyclical limitations on the reduction in Clearing Fund size from month to month; (7) increase the minimum Clearing Fund contribution requirement for Clearing Members to $500,000; (8) modify OCC’s allocation weighting methodology for Clearing Fund contributions; (9) reduce from five to two business days the timeframe within which Clearing Members are required to fund Clearing Fund deficits due to monthly or intra-month resizing or due to Rule amendments; (10) provide additional clarity in OCC’s Rules regarding certain antiprocyclicality measures in OCC’s margin model; and (11) make a number of other nonsubstantive clarifying, conforming, and organizational changes to OCC’s ByLaws, Rules, Collateral Risk Management Policy, Default Management Policy, and filed procedures, including retiring OCC’s existing Clearing Fund Intra-Month Resizing Procedure, Financial Resources Monitoring and Call Procedure (‘‘FRMC Procedure’’), and Monthly Clearing Fund Sizing Procedure, as these procedures would no longer be relevant to OCC’s proposed Clearing Fund and stress testing methodology and would be replaced by the proposed Rules, Policy, and Methodology Description described herein. 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Agencies

[Federal Register Volume 83, Number 149 (Thursday, August 2, 2018)]
[Notices]
[Page 37855]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-16527]



[[Page 37855]]

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SECURITIES AND EXCHANGE COMMISSION

[Investment Company Act Release No. 33184]


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

July 27, 2018.
    The following is a notice of applications for deregistration under 
section 8(f) of the Investment Company Act of 1940 for the month of 
July 2018. A copy of each application may be obtained via the 
Commission's website by searching for the file number, or for an 
applicant using the Company name box, at http://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 August 21, 2018, 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: Secretary, U.S. Securities and Exchange 
Commission, 100 F Street NE, Washington, DC 20549-1090.

FOR FURTHER INFORMATION CONTACT: Shawn Davis, Branch Chief, at (202) 
551-6413 or Chief Counsel's Office at (202) 551-6821; SEC, Division of 
Investment Management, Chief Counsel's Office, 100 F Street NE, 
Washington, DC 20549-8010.

Broadstone Real Estate Access Fund, Inc. [File No. 811-23303]

    Summary: Applicant, a closed-end investment company, 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 July 11, 2018, and 
amended on July 19, 2018.
    Applicant's Address: 800 Clinton Square, Rochester, New York 14604.

Cohen & Steers Active Commodities Strategy Fund, Inc. [File No. 811-
22938]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On April 13, 2018, applicant made a 
liquidating distribution to its shareholders, based on net asset value. 
Expenses of $50,599 incurred in connection with the liquidation were 
paid by the applicant.
    Filing Date: The application was filed on July 11, 2018.
    Applicant's Address: 280 Park Avenue, 10th Floor New York, New York 
10017.

    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2018-16527 Filed 8-1-18; 8:45 am]
 BILLING CODE 8011-01-P