Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Withdrawal of a Proposed Rule Change To List and Trade Shares of the Principal Morley Short Duration Index ETF Under Rule 14.11(c)(4), 65762 [2018-27616]
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Federal Register / Vol. 83, No. 245 / Friday, December 21, 2018 / Notices
Stacy L. Ruble,
Secretary.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.9
Eduardo A. Aleman,
Deputy Secretary.
[FR Doc. 2018–27620 Filed 12–20–18; 8:45 am]
[FR Doc. 2018–27616 Filed 12–20–18; 8:45 am]
BILLING CODE 7710–FW–P
BILLING CODE 8011–01–P
This Notice will be published in the
Federal Register.
SECURITIES AND EXCHANGE
COMMISSION
SECURITIES AND EXCHANGE
COMMISSION
[Investment Company Act Release No.
33327; 812–14912]
[Release No. 34–84831; SR–CboeBZX–
2018–018]
Ai Funds, Inc. and Deep A.I. ETF Trust
Self-Regulatory Organizations; Cboe
BZX Exchange, Inc.; Notice of
Withdrawal of a Proposed Rule Change
To List and Trade Shares of the
Principal Morley Short Duration Index
ETF Under Rule 14.11(c)(4)
December 17, 2018.
On April 23, 2018, Cboe BZX
Exchange, Inc. (‘‘Exchange’’) 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 list and trade shares of the
Principal Morley Short Duration Index
ETF. The proposed rule change was
published for comment in the Federal
Register on May 8, 2018.3 On June 20,
2018, the Commission extended the
time period within which to approve
the proposed rule change, disapprove
the proposed rule change, or institute
proceedings to determine whether to
approve or disapprove the proposed
rule change to August 6, 2018.4 On
August 3, 2018, the Commission
instituted proceedings under Section
19(b)(2)(B) of the Act 5 to determine
whether to approve or disapprove the
proposed rule change.6 On November 1,
2018, the Commission designated a
longer period for Commission action.7
The Commission received one comment
letter on the proposed rule change.8
On December 7, 2018, the Exchange
withdrew the proposed rule change
(SR–CboeBZX–2018–018).
1 15
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 See Securities Exchange Act Release No. 83152
(May 2, 2018), 83 FR 20892.
4 See Securities Exchange Act Release No. 83479,
83 FR 29838 (June 26, 2018).
5 15 U.S.C. 78s(b)(2)(B).
6 See Securities Exchange Act Release No. 83775,
83 FR 39486 (August 9, 2018).
7 See Securities Exchange Act Release No. 84523,
83 FR 55780 (November 7, 2018).
8 See letter from Kyle Murray, Assistant General
Counsel, Cboe Global Markets (September 13,
2018), available at: https://www.sec.gov/comments/
sr-cboebzx-2018-018/srcboebzx2018018.htm.
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December 18, 2018.
Securities and Exchange
Commission (‘‘Commission’’).
ACTION: Notice.
AGENCY:
Notice of an application for an order
under section 6(c) of the Investment
Company Act of 1940 (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
12(d)(1)(B) of the Act. The requested
order would permit (a) activelymanaged series of certain open-end
management investment companies
(‘‘Funds’’) to issue shares redeemable in
large aggregations only (‘‘Creation
Units’’); (b) secondary market
transactions in Fund shares to occur at
negotiated market prices rather than at
net asset value (‘‘NAV’’); (c) certain
Funds to pay redemption proceeds,
under certain circumstances, more than
seven days after the tender of shares for
redemption; (d) certain affiliated
persons of a Fund to deposit securities
into, and receive securities from, the
Fund 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
Funds (‘‘Funds of Funds’’) to acquire
shares of the Funds; and (f) certain
Funds (‘‘Feeder Funds’’) to create and
redeem Creation Units in-kind in a
master-feeder structure.
APPLICANTS: Ai Funds, Inc. (the ‘‘Initial
Adviser’’), incorporated under the laws
of the state of Delaware, has its
principal office in San Francisco,
California, and Deep A.I. ETF Trust (the
‘‘Trust’’), a Delaware statutory trust
registered under the Act as an open-end
9 17
PO 00000
CFR 200.30–3(a)(12).
Frm 00141
Fmt 4703
Sfmt 4703
management investment company that
is expected to have multiple series.
FILING DATES: The application was filed
on June 5, 2018, and amended on
September 20, 2018.
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 January 11, 2019, 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: Secretary, Securities and
Exchange Commission, 100 F Street NE,
Washington, DC 20549–1090;
Applicants: W. John McGuire, Esq.,
Morgan, Lewis & Bockius LLP, 1111
Pennsylvania Avenue NW, Washington,
DC 20004–2541.
FOR FURTHER INFORMATION CONTACT:
Thankam A. Varghese, AttorneyAdviser, at (202) 551–6646, or Parisa
Haghshenas, Branch Chief, at (202) 551–
6723 (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
website 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.
Summary of the Application
1. Applicants request an order that
would allow Funds to operate as
actively-managed exchange traded
funds (‘‘ETFs’’).1 Fund shares will be
1 Applicants request that the order apply to the
new series of the Trust as well as to additional
series of the Trust and any other open-end
management investment company or series thereof
that currently exist or that may be created in the
future (each, included in the term ‘‘Fund’’), each of
which will operate as an actively-managed ETF.
Any Fund will (a) be advised by the Initial Adviser
or an entity controlling, controlled by, or under
common control with the Initial Adviser (each such
entity and any successor thereto is included in the
term ‘‘Adviser’’) and (b) comply with the terms and
conditions of the application. For purposes of the
requested order, the term ‘‘successor’’ is limited to
E:\FR\FM\21DEN1.SGM
21DEN1
]]>Agencies
[Federal Register Volume 83, Number 245 (Friday, December 21, 2018)]
[Notices]
[Page 65762]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-27616]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-84831; SR-CboeBZX-2018-018]
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of
Withdrawal of a Proposed Rule Change To List and Trade Shares of the
Principal Morley Short Duration Index ETF Under Rule 14.11(c)(4)
December 17, 2018.
On April 23, 2018, Cboe BZX Exchange, Inc. (``Exchange'') 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 list and
trade shares of the Principal Morley Short Duration Index ETF. The
proposed rule change was published for comment in the Federal Register
on May 8, 2018.\3\ On June 20, 2018, the Commission extended the time
period within which to approve the proposed rule change, disapprove the
proposed rule change, or institute proceedings to determine whether to
approve or disapprove the proposed rule change to August 6, 2018.\4\ On
August 3, 2018, the Commission instituted proceedings under Section
19(b)(2)(B) of the Act \5\ to determine whether to approve or
disapprove the proposed rule change.\6\ On November 1, 2018, the
Commission designated a longer period for Commission action.\7\ The
Commission received one comment letter on the proposed rule change.\8\
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ See Securities Exchange Act Release No. 83152 (May 2, 2018),
83 FR 20892.
\4\ See Securities Exchange Act Release No. 83479, 83 FR 29838
(June 26, 2018).
\5\ 15 U.S.C. 78s(b)(2)(B).
\6\ See Securities Exchange Act Release No. 83775, 83 FR 39486
(August 9, 2018).
\7\ See Securities Exchange Act Release No. 84523, 83 FR 55780
(November 7, 2018).
\8\ See letter from Kyle Murray, Assistant General Counsel, Cboe
Global Markets (September 13, 2018), available at: https://www.sec.gov/comments/sr-cboebzx-2018-018/srcboebzx2018018.htm.
---------------------------------------------------------------------------
On December 7, 2018, the Exchange withdrew the proposed rule change
(SR-CboeBZX-2018-018).
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\9\
---------------------------------------------------------------------------
\9\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------
Eduardo A. Aleman,
Deputy Secretary.
[FR Doc. 2018-27616 Filed 12-20-18; 8:45 am]
BILLING CODE 8011-01-P
