Seacoast Capital Partners IV, L.P., License No. 01/01-0434; Notice Seeking Exemption Under Section 312 of the Small Business Investment Act, Conflicts of Interest, 8938-8939 [2019-04409]

Download as PDF 8938 Federal Register / Vol. 84, No. 48 / Tuesday, March 12, 2019 / Notices 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. Additionally, the Exchange believes the proposed rule change is consistent with the Section 6(b)(5) 10 requirement that the rules of an exchange not be designed to permit unfair discrimination between customers, issuers, brokers, or dealers. The Exchange believes the proposed rule change to update an inaccurate term under Rule 6.14(c)(5)(D)(vi)(ii) will alleviate potential confusion, thereby removing impediments to and perfecting the mechanism of a free and open market and a national market system and protecting investors and the public interest. As noted above, the proposed filing does not substantively change any TPH abilities or risk parameters under Rule 6.14, but merely corrects an inadvertent oversight from a previous rule filing. 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. The proposed rule change does not address competitive issues, but rather, as discussed above, is merely intended to correct an inadvertent use of the wrong term relating to TPH-established time period made in a previous rule filing, which will alleviate potential confusion. C. Self-Regulatory Organization’s Statement on Comments on the Proposed Rule Change Received From Members, Participants, or Others III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action Because the proposed rule change does not (i) significantly affect the protection of investors or the public interest; (ii) impose any significant burden on competition; and (iii) become operative for 30 days from the date on which it was filed, or such shorter time as the Commission may designate if consistent with the protection of investors and the public interest, the proposed rule change has become effective pursuant to Section 19(b)(3)(A) VerDate Sep<11>2014 16:50 Mar 11, 2019 Jkt 247001 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 The Exchange neither solicited nor received comments on the proposed rule change. 10 Id. of the Act 11 and Rule 19b–4(f)(6)(iii) thereunder.12 A proposed rule change filed under Rule 19b–4(f)(6) 13 normally does not become operative for 30 days after the date of filing. However, pursuant to Rule 19b–4(f)(6)(iii) 14 the Commission may designate a shorter time if such action is consistent with the protection of investors and the public interest. The Exchange has asked the Commission to waive the 30-day operative delay so that the proposal may become operative immediately upon filing. The Commission believes that waiving the 30-day operative delay is consistent with the protection of investors and the public interest as it will allow the Exchange to update an inaccurate term in its rulebook and thereby avoid investor confusion. The Exchange has represented that no substantive changes are being made by the proposed rule change. For this reason, the Commission designates the proposed rule change to be operative upon filing.15 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 necessary or appropriate in the public interest, for the protection of investors, or otherwise in furtherance of the purposes of the Act. • 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 Number SR– C2–2019–005 on the subject line. 11 15 U.S.C. 78s(b)(3)(A). CFR 240.19b–4(f)(6)(iii). In addition, Rule 19b–4(f)(6)(iii) requires a self-regulatory organization to give the Commission written notice of its intent to file the proposed rule change at least five business days prior to the date of filing of the proposed rule change, or such shorter time as designated by the Commission. The Exchange has satisfied this requirement. 13 17 CFR 240.19b–4(f)(6). 14 17 CFR 240.19b–4(f)(6)(iii). 15 For purposes only of waiving the 30-day operative delay, the Commission has also considered the proposed rule’s impact on efficiency, competition, and capital formation. See 15 U.S.C. 78c(f). 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 Number SR–C2–2019–005. 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 website (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 website 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 a.m. and 3 p.m. Copies of the filing also will be available for inspection and copying at the principal office of the Exchange. All comments received will be posted without change. Persons submitting comments are cautioned that we do not redact or edit personal identifying information from comment submissions. You should submit only information that you wish to make available publicly. All submissions should refer to File Number SR–C2– 2019–005 and should be submitted on or before April 2, 2019. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.16 Eduardo A. Aleman, Deputy Secretary. [FR Doc. 2019–04425 Filed 3–11–19; 8:45 am] BILLING CODE 8011–01–P SMALL BUSINESS ADMINISTRATION 12 17 PO 00000 Frm 00099 Fmt 4703 Sfmt 4703 Seacoast Capital Partners IV, L.P., License No. 01/01–0434; Notice Seeking Exemption Under Section 312 of the Small Business Investment Act, Conflicts of Interest Notice is hereby given that Seacoast Capital Partners IV, L.P., 555 Ferncroft Road, Danvers, MA 01923, a Federal Licensee under the Small Business 16 17 E:\FR\FM\12MRN1.SGM CFR 200.30–3(a)(12). 12MRN1 Federal Register / Vol. 84, No. 48 / Tuesday, March 12, 2019 / Notices Investment Act of 1958, as amended (‘‘the Act’’), in connection with the financing of a small concern, has sought an exemption under Section 312 of the Act and Section 107.730, Financings which Constitute Conflicts of Interest of the Small Business Administration (‘‘SBA’’) Rules and Regulations (13 CFR 107.730). Seacoast Capital Partners IV, L.P., proposes to provide debt/equity security financing to Avenger Flight Group, LLC., 1450 Lee Wagener Blvd. Bldg. 300 Fort Lauderdale, FL 33315 (‘‘AFG’’). The financing is brought within the purview of § 107.730(a)(1) and § 107.730(d) of the Regulations because Seacoast Capital Partners III, L.P. an Associate of Seacoast Capital Partners IV, L.P., owns more than five percent of AFG, and therefore this transaction is considered a financing of an Associate and with an Associate requiring prior SBA approval. Notice is hereby given that any interested person may submit written comments on the transaction, within fifteen days of the date of this publication, to the Associate Administrator for Investment, U.S. Small Business Administration, 409 Third Street SW, Washington, DC 20416. Dated: February 13, 2019. A. Joseph Shepard, Associate Administrator for Investment. [FR Doc. 2019–04409 Filed 3–11–19; 8:45 am] BILLING CODE P DEPARTMENT OF STATE [Public Notice: 10691] Updating the State Department’s List of Entities and Subentities Associated With Cuba (Cuba Restricted List) Department of State. ACTION: Updated publication of list of entities and subentities; notice. AGENCY: The Department of State is publishing an update to its List of Restricted Entities and Subentities Associated with Cuba (Cuba Restricted List) with which direct financial transactions are generally prohibited under the Cuban Assets Control Regulations (CACR). This Cuba Restricted List is also considered during review of license applications submitted to the Department of Commerce’s Bureau of Industry and Security (BIS) pursuant to the Export Administration Regulations (EAR). DATES: The Cuba Restricted List is updated as of March 12, 2019. SUMMARY: VerDate Sep<11>2014 16:50 Mar 11, 2019 Jkt 247001 FOR FURTHER INFORMATION CONTACT: Ericka Magallon tel: 202–453–8458; Office of Economic Sanctions Policy and Implementation, tel.: 202–647– 7489; Office of the Coordinator for Cuban Affairs, tel.: 202–453–8456, Department of State, Washington, DC 20520. SUPPLEMENTARY INFORMATION: Background On June 16, 2017, the President signed the National Security Presidential Memorandum-5 on Strengthening the Policy of the United States Toward Cuba (NSPM–5). As directed by NSPM–5, on November 9, 2017, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) published a final rule in the Federal Register amending the CACR, 31 CFR part 515, and the Department of Commerce’s Bureau of Industry and Security (BIS) published a final rule in the Federal Register amending, among other sections, the section of the Export Administration Regulations (EAR) regarding Cuba, 15 CFR part 746.2. The regulatory amendment to the CACR added § 515.209, which generally prohibits direct financial transactions with certain entities and subentities identified on the State Department’s Cuba Restricted List, which the State Department is updating as published below, and accessible on the State Department’s website (https:// www.state.gov/e/eb/tfs/spi/cuba/ cubarestrictedlist/index.htm). The regulatory amendment to the EAR, specifically § 746.2, notes BIS will generally deny applications to export or re-export items for use by entities or subentities identified on the Cuba Restricted List. This update includes five additional subentities and two clarifying modifications, including (1) an explanatory footnote indicating activities referenced in parentheticals are intended to aid in identification, but are only representative; and (2) an effort to streamline the list by removing reference to parent companies in parentheticals next to listed entities and subentities. The two clarifying modifications do not affect the applicability of the list. This is the Cuba Restricted List’s second update since it was published November 9, 2017 (82 FR 52089). The first update of 26 additional subentities and five amendments was published November 15, 2018 (see 83 FR 57523). The State Department will continue to update the Cuba Restricted List periodically. The publication of the updated Cuba Restricted List further implements the directive in paragraph PO 00000 Frm 00100 Fmt 4703 Sfmt 4703 8939 3(a)(i) of NSPM–5 for the Secretary of State to identify the entities or subentities, as appropriate, that are under the control of, or act for or on behalf of, the Cuban military, intelligence, or security services or personnel, and publish a list of those identified entities and subentities with which direct financial transactions would disproportionately benefit such services or personnel at the expense of the Cuban people or private enterprise in Cuba. Electronic Availability This document and additional information concerning the Cuba Restricted List are available from the Department of State’s website (https:// www.state.gov/e/eb/tfs/spi/cuba/). List of Restricted Entities and Subentities Associated With Cuba as of March 12, 2019 Below is the U.S. Department of State’s list of entities and subentities under the control of, or acting for or on behalf of, the Cuban military, intelligence, or security services or personnel with which direct financial transactions would disproportionately benefit such services or personnel at the expense of the Cuban people or private enterprise in Cuba. For information regarding the prohibition on direct financial transactions with these entities, please see 31 CFR 515.209. All entities and subentities were listed effective November 9, 2017, unless otherwise indicated. * * * Entities or subentities owned or controlled by another entity or subentity on this list are not treated as restricted unless also specified by name on the list. * * * Ministries MINFAR—Ministerio de las Fuerzas Armadas Revolucionarias MININT—Ministerio del Interior Holding Companies CIMEX—Corporacio´n CIMEX S.A. Compan˜ı´a Turı´stica Habaguanex S.A. GAESA—Grupo de Administracio´n Empresarial S.A. Gaviota—Grupo de Turismo Gaviota UIM—Unio´n de Industria Militar Hotels in Havana and Old Havana Aparthotel Montehabana Gran Hotel Manzana Kempinski H10 Habana Panorama Hostal Valencia Hotel Ambos Mundos Hotel Armadores de Santander Hotel Beltra´n de Santa Cruz Hotel Conde de Villanueva Hotel del Tejadillo E:\FR\FM\12MRN1.SGM 12MRN1

Agencies

[Federal Register Volume 84, Number 48 (Tuesday, March 12, 2019)]
[Notices]
[Pages 8938-8939]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-04409]


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SMALL BUSINESS ADMINISTRATION


Seacoast Capital Partners IV, L.P., License No. 01/01-0434; 
Notice Seeking Exemption Under Section 312 of the Small Business 
Investment Act, Conflicts of Interest

    Notice is hereby given that Seacoast Capital Partners IV, L.P., 555 
Ferncroft Road, Danvers, MA 01923, a Federal Licensee under the Small 
Business

[[Page 8939]]

Investment Act of 1958, as amended (``the Act''), in connection with 
the financing of a small concern, has sought an exemption under Section 
312 of the Act and Section 107.730, Financings which Constitute 
Conflicts of Interest of the Small Business Administration (``SBA'') 
Rules and Regulations (13 CFR 107.730). Seacoast Capital Partners IV, 
L.P., proposes to provide debt/equity security financing to Avenger 
Flight Group, LLC., 1450 Lee Wagener Blvd. Bldg. 300 Fort Lauderdale, 
FL 33315 (``AFG'').
    The financing is brought within the purview of Sec.  107.730(a)(1) 
and Sec.  107.730(d) of the Regulations because Seacoast Capital 
Partners III, L.P. an Associate of Seacoast Capital Partners IV, L.P., 
owns more than five percent of AFG, and therefore this transaction is 
considered a financing of an Associate and with an Associate requiring 
prior SBA approval.
    Notice is hereby given that any interested person may submit 
written comments on the transaction, within fifteen days of the date of 
this publication, to the Associate Administrator for Investment, U.S. 
Small Business Administration, 409 Third Street SW, Washington, DC 
20416.

    Dated: February 13, 2019.
A. Joseph Shepard,
Associate Administrator for Investment.
[FR Doc. 2019-04409 Filed 3-11-19; 8:45 am]
BILLING CODE P
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