Sunshine Act Meetings, 58772 [2019-24051]
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58772
Federal Register / Vol. 84, No. 212 / Friday, November 1, 2019 / Notices
4. Subadvised Funds will inform
shareholders of the hiring of a new
Subadviser within 90 days after the
hiring of the new Subadviser pursuant
to the Modified Notice and Access
Procedures.
5. At all times, at least a majority of
the Board will be Independent Trustees,
and the selection and nomination of
new or additional Independent Trustees
will be placed within the discretion of
the then-existing Independent Trustees.
6. Independent Legal Counsel, as
defined in Rule 0–1(a)(6) under the Act,
will be engaged to represent the
Independent Trustees. The selection of
such counsel will be within the
discretion of the then-existing
Independent Trustees.
7. Whenever a Subadviser is hired or
terminated, the Adviser will provide the
Board with information showing the
expected impact on the profitability of
the Adviser.
8. The Board must evaluate any
material conflicts that may be present in
a subadvisory arrangement. Specifically,
whenever a subadviser change is
proposed for a Subadvised Fund
(‘‘Subadviser Change’’) or the Board
considers an existing Subadvisory
Agreement as part of its annual review
process (‘‘Subadviser Review’’):
(a) The Adviser will provide the
Board, to the extent not already being
provided pursuant to section 15(c) of
the Act, with all relevant information
concerning:
(i) Any material interest in the
proposed new Subadviser, in the case of
a Subadviser Change, or the Subadviser
in the case of a Subadviser Review, held
directly or indirectly by the Adviser or
a parent or sister company of the
Adviser, and any material impact the
proposed Subadvisory Agreement may
have on that interest;
(ii) any arrangement or understanding
in which the Adviser or any parent or
sister company of the Adviser is a
participant that (A) may have had a
material effect on the proposed
Subadviser Change or Subadviser
Review, or (B) may be materially
affected by the proposed Subadviser
Change or Subadviser Review;
(iii) any material interest in a
Subadviser held directly or indirectly by
an officer or Trustee of the Subadvised
Fund, or an officer or board member of
the Adviser (other than through a
pooled investment vehicle not
controlled by such person); and
(iv) any other information that may be
relevant to the Board in evaluating any
potential material conflicts of interest in
the proposed Subadviser Change or
Subadviser Review.
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19:23 Oct 31, 2019
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(b) the Board, including a majority of
the Independent Trustees, will make a
separate finding, reflected in the Board
minutes, that the Subadviser Change or
continuation after Subadviser Review is
in the best interests of the Subadvised
Fund and its shareholders and, based on
the information provided to the Board,
does not involve a conflict of interest
from which the Adviser, a Subadviser,
any officer or Trustee of the Subadvised
Fund, or any officer or board member of
the Adviser derives an inappropriate
advantage.
9. Each Subadvised Fund will
disclose in its registration statement the
Aggregate Fee Disclosure.
10. In the event that the Commission
adopts a rule under the Act providing
substantially similar relief to that in the
order requested in the Application, the
requested order will expire on the
effective date of that rule.
11. Any new Subadvisory Agreement
or any amendment to an existing
Investment Advisory Agreement or
Subadvisory Agreement that directly or
indirectly results in an increase in the
aggregate advisory fee rate payable by
the Subadvised Fund will be submitted
to the Subadvised Fund’s shareholders
for approval.
For the Commission, by the Division of
Investment Management, under delegated
authority.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2019–23940 Filed 10–31–19; 8:45 am]
BILLING CODE 8011–01–P
engagement and enhance transparency,
improve disclosures, and increase
confidence in the proxy process. The
specific matters to be considered are:
1. Whether to propose amendments to
the proxy solicitation rules that would
provide for disclosure of material
conflicts of interest and set forth
procedures to facilitate issuer and
shareholder engagement, to provide
clarity to market participants, and to
improve the information provided to
investors.
2. Whether to propose amendments to
the shareholder proposal rules to
modernize the submission and
resubmission requirements and to
update procedural requirements.
In addition, the subject matter of the
Open Meeting will also include the
Commission’s continued efforts to
modernize the regulatory framework for
investment advisers and enhance
information to investors. The specific
matter to be considered is:
3. Whether to propose amendments
under the Investment Advisers Act of
1940 to rules 206(4)–1 and 206(4)–3, the
rules that prohibit certain investment
adviser advertisements and payments to
solicitors, respectively.
At times, changes in Commission
priorities require alterations in the
scheduling of meeting items.
CONTACT PERSON FOR MORE INFORMATION:
For further information and to ascertain
what, if any, matters have been added,
deleted or postponed, please contact
Vanessa A. Countryman, Office of the
Secretary, at (202) 551–5400.
SECURITIES AND EXCHANGE
COMMISSION
Dated: October 29, 2019.
Vanessa A. Countryman,
Secretary.
Sunshine Act Meetings
[FR Doc. 2019–24051 Filed 10–30–19; 4:15 pm]
BILLING CODE 8011–01–P
Notice is hereby given,
pursuant to the provisions of the
Government in the Sunshine Act, Public
Law 94–409, the Securities and
Exchange Commission will hold an
Open Meeting on Tuesday, November 5,
2019 at 10:00 a.m.
PLACE: The meeting will be held in
Auditorium LL–002 at the
Commission’s headquarters, 100 F
Street NE, Washington, DC 20549.
STATUS: This meeting will begin at
10:00 a.m. (ET) and will be open to the
public. Seating will be on a first-come,
first-served basis. Visitors will be
subject to security checks. The meeting
will be webcast on the Commission’s
website at www.sec.gov.
MATTERS TO BE CONSIDERED: The subject
matter of the Open Meeting will be the
Commission’s continued efforts to
facilitate constructive shareholder
TIME AND DATE:
PO 00000
Frm 00097
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SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–87404; File No. SR–
NYSEAMER–2019–43]
Self-Regulatory Organizations; NYSE
American LLC; Notice of Filing and
Immediate Effectiveness of Proposed
Change To Amend the NYSE American
Options Fee Schedule
October 28, 2019.
Pursuant to Section 19(b)(1) 1 of the
Securities Exchange Act of 1934 (the
‘‘Act’’) 2 and Rule 19b–4 thereunder,3
notice is hereby given that, on October
15, 2019, NYSE American LLC (‘‘NYSE
1 15
U.S.C. 78s(b)(1).
U.S.C. 78a.
3 17 CFR 240.19b–4.
2 15
E:\FR\FM\01NON1.SGM
01NON1
]]>Agencies
[Federal Register Volume 84, Number 212 (Friday, November 1, 2019)]
[Notices]
[Page 58772]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-24051]
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SECURITIES AND EXCHANGE COMMISSION
Sunshine Act Meetings
TIME AND DATE: Notice is hereby given, pursuant to the provisions of
the Government in the Sunshine Act, Public Law 94-409, the Securities
and Exchange Commission will hold an Open Meeting on Tuesday, November
5, 2019 at 10:00 a.m.
PLACE: The meeting will be held in Auditorium LL-002 at the
Commission's headquarters, 100 F Street NE, Washington, DC 20549.
STATUS: This meeting will begin at 10:00 a.m. (ET) and will be open to
the public. Seating will be on a first-come, first-served basis.
Visitors will be subject to security checks. The meeting will be
webcast on the Commission's website at www.sec.gov.
MATTERS TO BE CONSIDERED: The subject matter of the Open Meeting will
be the Commission's continued efforts to facilitate constructive
shareholder engagement and enhance transparency, improve disclosures,
and increase confidence in the proxy process. The specific matters to
be considered are:
1. Whether to propose amendments to the proxy solicitation rules
that would provide for disclosure of material conflicts of interest and
set forth procedures to facilitate issuer and shareholder engagement,
to provide clarity to market participants, and to improve the
information provided to investors.
2. Whether to propose amendments to the shareholder proposal rules
to modernize the submission and resubmission requirements and to update
procedural requirements.
In addition, the subject matter of the Open Meeting will also
include the Commission's continued efforts to modernize the regulatory
framework for investment advisers and enhance information to investors.
The specific matter to be considered is:
3. Whether to propose amendments under the Investment Advisers Act
of 1940 to rules 206(4)-1 and 206(4)-3, the rules that prohibit certain
investment adviser advertisements and payments to solicitors,
respectively.
At times, changes in Commission priorities require alterations in
the scheduling of meeting items.
CONTACT PERSON FOR MORE INFORMATION: For further information and to
ascertain what, if any, matters have been added, deleted or postponed,
please contact Vanessa A. Countryman, Office of the Secretary, at (202)
551-5400.
Dated: October 29, 2019.
Vanessa A. Countryman,
Secretary.
[FR Doc. 2019-24051 Filed 10-30-19; 4:15 pm]
BILLING CODE 8011-01-P
