Investment Company Act of 1940 Release no. 33916/July 1, 2020; In the Matter of Allianz Life Insurance Co. of North America, et al. File No. 812-14722, 41087-41088 [2020-14615]

Download as PDF Federal Register / Vol. 85, No. 131 / Wednesday, July 8, 2020 / Notices jbell on DSKJLSW7X2PROD with NOTICES Commission, 100 F Street NE, Washington, DC 20549–1090. All submissions should refer to File Number SR–ICEEU–2020–002. 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, as modified by Partial Amendment No. 1, that are filed with the Commission, and all written communications relating to the proposed rule change, as modified by Partial Amendment No. 1, 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 10:00 a.m. and 3:00 p.m. Copies of such filings will also be available for inspection and copying at the principal office of ICE Clear Europe and on ICE Clear Europe’s website at https:// www.theice.com/clear-europe/ regulation. 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–ICEEU– 2020–002 and should be submitted on or before July 29, 2020. V. Accelerated Approval of the Proposed Rule Change as Modified by Partial Amendment No. 1 The Commission finds good cause, pursuant to Section 19(b)(2) of the Act,23 to approve the proposed rule change, as modified by Partial Amendment No. 1, prior to the 30th day after the date of publication of Partial Amendment No. 1 in the Federal Register. As discussed above, Partial Amendment No. 1 updates the Procedures to assign ICE Clear Europe’s Treasury and Finance teams responsibility for daily monitoring against the concentration limits and investment criteria. By so updating the Procedures, Partial Amendment No. 1 provides for a more clear and 23 15 U.S.C. 78s(b)(2). VerDate Sep<11>2014 17:17 Jul 07, 2020 Jkt 250001 comprehensive understanding of how ICE Clear Europe would monitor its adherence to the concentration limits and investment criteria, which helps to improve the Commission’s review of the proposed rule change for consistency with the Act. For the reasons discussed above, the Commission finds that the proposed rule change, as modified by Partial Amendment No. 1, is consistent with the Act and the applicable rules thereunder. Accordingly, the Commission finds good cause for approving the proposed rule change, as modified by Partial Amendment No. 1, on an accelerated basis, pursuant to Section 19(b)(2) of the Exchange Act.24 VI. Conclusion On the basis of the foregoing, the Commission finds that the proposed rule change is consistent with the requirements of the Act, and in particular, with the requirements of Section 17A(b)(3)(F) of the Act 25 and Rules 17Ad–22(e)(1), (e)(2)(v), and (e)(16).26 IT IS THEREFORE ORDERED pursuant to Section 19(b)(2) of the Act 27 that the proposed rule change, as modified by Partial Amendment No. 1 (SR–ICEEU–2020–002), be, and hereby is, approved on an accelerated basis.28 For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.29 J. Matthew DeLesDernier, Assistant Secretary. [FR Doc. 2020–14627 Filed 7–7–20; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION Investment Company Act of 1940 Release no. 33916/July 1, 2020; In the Matter of Allianz Life Insurance Co. of North America, et al. File No. 812– 14722 Order Granting Hearing and Scheduling Filing of Statements On December 20, 2019, the Securities and Exchange Commission (‘‘Commission’’) issued a notice of application (the ‘‘Notice’’) for an order approving the substitution of certain securities pursuant to section 26(c) of U.S.C. 78s(b)(2). U.S.C. 78q–1(b)(3)(F). 26 17 CFR 240.17Ad–22(e)(1), (e)(2)(v), (e)(16). 27 15 U.S.C. 78s(b)(2). 28 In approving the proposed rule change, the Commission considered the proposal’s impact on efficiency, competition, and capital formation. 15 U.S.C. 78c(f). 29 17 CFR 200.30–3(a)(12). PO 00000 24 15 25 15 Frm 00126 Fmt 4703 Sfmt 4703 41087 the Investment Company Act of 1940, as amended (‘‘Act’’) and an order of exemption pursuant to section 17(b) of the Act from section 17(a) of the Act, submitted by Allianz Life Insurance Company of North America and other Applicants as defined in the Notice (collectively, ‘‘Allianz’’).1 On January 14, 2020, Franklin Advisers, Inc., Franklin Mutual Advisers, LLC, and Templeton Global Advisors Limited (collectively, ‘‘Franklin’’) submitted a request for a hearing (the ‘‘Hearing Request’’).2 The Commission finds that a hearing is appropriate pursuant to Investment Company Act Rule 0–5.3 Accordingly, the Commission hereby establishes that Allianz and Franklin may each file an additional written statement regarding the Allianz Application. Any such written statements shall be prepared in a proportionally spaced typeface of 12 points or larger and shall not exceed 10,000 words, exclusive of pages containing the table of contents, table of authorities, and any addendum that consists solely of copies of applicable cases, pertinent legislative provisions or rules, and exhibits. The scope of the written statements shall be limited to those issues that were raised in Franklin’s Hearing Request. Incorporation of any document by reference into a written statement is not permitted. Written statements shall be submitted to the Commission by sending an email to the Commission’s Secretary at Secretarys-Office@sec.gov, and serving the opposing party with a copy of the written statement by email. Written statements should be received by the Commission on or before July 31, 2020, at 5:30 p.m., and should be accompanied by proof of service on the opposing party. The Commission further establishes that Allianz and Franklin then each may file a responsive written statement, which also shall be prepared in a proportionally spaced typeface of 12 points or larger and shall not exceed 5,000 words, exclusive of the items listed above. The scope of any such responsive statement shall be limited to 1 Allianz Life Insurance Company of North America, et al., Investment Company Act Release No. 33721 (Dec. 20, 2019), available at https:// www.sec.gov/rules/ic/2019/ic-33721.pdf. 2 Letter from Franklin to Vanessa Countryman, dated January 14, 2020, submitted by Morgan, Lewis & Bockius LLP, available at https:// www.sec.gov/comments/812-14722/812-147229.pdf. 3 17 CFR 275.0–5(c). Rule 0–5(c) provides that the Commission will order a hearing on a matter, upon the request of an interested person or upon its own motion, if it appears that a hearing is ‘‘necessary or appropriate in the public interest or for the protection of investors.’’ E:\FR\FM\08JYN1.SGM 08JYN1 jbell on DSKJLSW7X2PROD with NOTICES 41088 Federal Register / Vol. 85, No. 131 / Wednesday, July 8, 2020 / Notices the issues raised in the written statement to which the party is responding. Incorporation of any document by reference into a responsive written statement is not permitted. Responsive written statements shall be submitted to the Commission on or before August 17, 2020, at 5:30 p.m., at the email address above, and shall be accompanied by proof of service on the opposing party. This process will provide an opportunity for the Commission to fully assess the Allianz Application and the issues that Franklin has raised. Allianz and Franklin are hereby notified that any arguments related to the Allianz Application that are not discussed in their respective written statements shall be deemed waived. Reference to other documents, including prior submissions and exhibits, will not be sufficient to preserve arguments. The Hearing Request did not include a request for an in-person hearing, and the Commission has determined that its consideration of the Allianz Application would not be significantly aided by oral argument, so this hearing will be limited to written statements. The filing of written statements related to the Allianz Application shall be limited to Allianz and Franklin because the period of time specified for an interested party to file a hearing request elapsed on January 14, 2020. No other party may submit a written statement regarding the Allianz Application except by leave of the Commission, upon a showing by that party that it has both a cognizable interest and good cause as to why it did not file a hearing request by the specified date. Accordingly, it is ordered, that pursuant to Investment Company Act Rule 0–5(c), Franklin’s request for a hearing is granted. It is further ordered that on or before July 31, 2020, at 5:30 p.m., Allianz and Franklin may each submit to the Commission an additional written statement in accordance with this order. It is further ordered that on or before August 17, 2020, at 5:30 p.m., Allianz and Franklin may each submit to the Commission a responsive written statement in accordance with this order. SMALL BUSINESS ADMINISTRATION By the Commission. J. Matthew DeLesDernier, Assistant Secretary. SUMMARY: [FR Doc. 2020–14615 Filed 7–7–20; 8:45 am] BILLING CODE 8011–01–P VerDate Sep<11>2014 18:27 Jul 07, 2020 Jkt 250001 [Disaster Declaration #16180; Louisiana Disaster Number LA–00098 Declaration of Economic Injury] Administrative Declaration of an Economic Injury Disaster for the State of Louisiana U.S. Small Business Administration. ACTION: Amendment 1. AGENCY: This is an amendment of an Economic Injury Disaster Loan (EIDL) declaration for the State of Louisiana, dated 11/05/2019. Incident: New Orleans Hard Rock Hotel Collapse and Related Street Closures. Incident Period: 10/12/2019 through 06/24/2020. DATES: Issued on 06/26/2020. Economic Injury (EIDL) Loan Application Deadline Date: 08/05/2020. 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, (202) 205–6734. SUPPLEMENTARY INFORMATION: The notice of an Administrator’s EIDL declaration for the State of Louisiana, dated 11/05/ 2019, is hereby amended to establish the incident period for this disaster as beginning 10/12/2019 and continuing through 06/24/2020. All other information in the original declaration remains unchanged. SUMMARY: (Catalog of Federal Domestic Assistance Number 59008) Jovita Carranza, Administrator. [FR Doc. 2020–14593 Filed 7–7–20; 8:45 am] BILLING CODE 8026–03–P DEPARTMENT OF TRANSPORTATION Federal Aviation Administration Women in Aviation Advisory Board; Notice of Public Meeting Federal Aviation Administration (FAA), DOT. ACTION: Notice of Public meeting. AGENCY: This notice announces a meeting of the Women in Aviation Advisory Board (WIAAB). DATES: The meeting will be held on Tuesday, August 11, 2020, from 9:00 a.m.–4:00 p.m. Eastern Daylight Time. PO 00000 Frm 00127 Fmt 4703 Sfmt 4703 Requests to attend the meeting must be received by Tuesday, July 28, 2020. Requests for accommodations to a disability must be received by Tuesday, July 28, 2020. If you wish to speak during the meeting, you must submit a written copy of your remarks to FAA by Tuesday, July 28, 2020. Requests to submit written materials to be reviewed during the meeting must be received no later than Tuesday, July 28, 2020. ADDRESSES: The meeting will be held virtually only. Members of the public who wish to observe the meeting must RSVP by emailing S612WomenAdvisoryBoard@faa.gov. General committee information including copies of the meeting minutes will be available on the WIAAB website at https://www.faa.gov/about/office_org/ headquarters_offices/ahr/advisory_ committees/women_aviation/. FOR FURTHER INFORMATION CONTACT: Ms. Angela Anderson, Designated Federal Officer, FAA, at S612WomenAdvisoryBoard@faa.gov. Any committee related request should be sent to the person listed in this section. SUPPLEMENTARY INFORMATION: I. Background WIAAB was created under the Federal Advisory Committee Act (FACA), in accordance with Section 612 of the FAA Reauthorization Act of 2018 (Pub. L. 115–254), to encourage women and girls to enter the field of aviation with the objective of promoting organizations and programs that are providing education, training, mentorship, outreach, and recruitment of women in the aviation industry. II. Agenda At the meeting, the agenda will include the following topics: • Welcome and Introductions • Overview of FACA • Member Expectations • Overview of WIAAB Objectives and Tasking • Review of Action Items A detailed agenda will be posted on the WIAAB internet website address listed in the ADDRESSES section at least 15 days in advance of the meeting. III. Public Participation The meeting will be open to the public. Please confirm your attendance with the person listed in the FOR FURTHER INFORMATION CONTACT section. Please provide the following information: Full legal name, country of citizenship, and name of your industry E:\FR\FM\08JYN1.SGM 08JYN1

Agencies

[Federal Register Volume 85, Number 131 (Wednesday, July 8, 2020)]
[Notices]
[Pages 41087-41088]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-14615]


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SECURITIES AND EXCHANGE COMMISSION


Investment Company Act of 1940 Release no. 33916/July 1, 2020; In 
the Matter of Allianz Life Insurance Co. of North America, et al. File 
No. 812-14722

Order Granting Hearing and Scheduling Filing of Statements

    On December 20, 2019, the Securities and Exchange Commission 
(``Commission'') issued a notice of application (the ``Notice'') for an 
order approving the substitution of certain securities pursuant to 
section 26(c) of the Investment Company Act of 1940, as amended 
(``Act'') and an order of exemption pursuant to section 17(b) of the 
Act from section 17(a) of the Act, submitted by Allianz Life Insurance 
Company of North America and other Applicants as defined in the Notice 
(collectively, ``Allianz'').\1\ On January 14, 2020, Franklin Advisers, 
Inc., Franklin Mutual Advisers, LLC, and Templeton Global Advisors 
Limited (collectively, ``Franklin'') submitted a request for a hearing 
(the ``Hearing Request'').\2\
---------------------------------------------------------------------------

    \1\ Allianz Life Insurance Company of North America, et al., 
Investment Company Act Release No. 33721 (Dec. 20, 2019), available 
at https://www.sec.gov/rules/ic/2019/ic-33721.pdf.
    \2\ Letter from Franklin to Vanessa Countryman, dated January 
14, 2020, submitted by Morgan, Lewis & Bockius LLP, available at 
https://www.sec.gov/comments/812-14722/812-14722-9.pdf.
---------------------------------------------------------------------------

    The Commission finds that a hearing is appropriate pursuant to 
Investment Company Act Rule 0-5.\3\ Accordingly, the Commission hereby 
establishes that Allianz and Franklin may each file an additional 
written statement regarding the Allianz Application. Any such written 
statements shall be prepared in a proportionally spaced typeface of 12 
points or larger and shall not exceed 10,000 words, exclusive of pages 
containing the table of contents, table of authorities, and any 
addendum that consists solely of copies of applicable cases, pertinent 
legislative provisions or rules, and exhibits. The scope of the written 
statements shall be limited to those issues that were raised in 
Franklin's Hearing Request. Incorporation of any document by reference 
into a written statement is not permitted. Written statements shall be 
submitted to the Commission by sending an email to the Commission's 
Secretary at [email protected], and serving the opposing party 
with a copy of the written statement by email. Written statements 
should be received by the Commission on or before July 31, 2020, at 
5:30 p.m., and should be accompanied by proof of service on the 
opposing party.
---------------------------------------------------------------------------

    \3\ 17 CFR 275.0-5(c). Rule 0-5(c) provides that the Commission 
will order a hearing on a matter, upon the request of an interested 
person or upon its own motion, if it appears that a hearing is 
``necessary or appropriate in the public interest or for the 
protection of investors.''
---------------------------------------------------------------------------

    The Commission further establishes that Allianz and Franklin then 
each may file a responsive written statement, which also shall be 
prepared in a proportionally spaced typeface of 12 points or larger and 
shall not exceed 5,000 words, exclusive of the items listed above. The 
scope of any such responsive statement shall be limited to

[[Page 41088]]

the issues raised in the written statement to which the party is 
responding. Incorporation of any document by reference into a 
responsive written statement is not permitted. Responsive written 
statements shall be submitted to the Commission on or before August 17, 
2020, at 5:30 p.m., at the email address above, and shall be 
accompanied by proof of service on the opposing party.
    This process will provide an opportunity for the Commission to 
fully assess the Allianz Application and the issues that Franklin has 
raised. Allianz and Franklin are hereby notified that any arguments 
related to the Allianz Application that are not discussed in their 
respective written statements shall be deemed waived. Reference to 
other documents, including prior submissions and exhibits, will not be 
sufficient to preserve arguments. The Hearing Request did not include a 
request for an in-person hearing, and the Commission has determined 
that its consideration of the Allianz Application would not be 
significantly aided by oral argument, so this hearing will be limited 
to written statements.
    The filing of written statements related to the Allianz Application 
shall be limited to Allianz and Franklin because the period of time 
specified for an interested party to file a hearing request elapsed on 
January 14, 2020. No other party may submit a written statement 
regarding the Allianz Application except by leave of the Commission, 
upon a showing by that party that it has both a cognizable interest and 
good cause as to why it did not file a hearing request by the specified 
date.
    Accordingly, it is ordered, that pursuant to Investment Company Act 
Rule 0-5(c), Franklin's request for a hearing is granted.
    It is further ordered that on or before July 31, 2020, at 5:30 
p.m., Allianz and Franklin may each submit to the Commission an 
additional written statement in accordance with this order.
    It is further ordered that on or before August 17, 2020, at 5:30 
p.m., Allianz and Franklin may each submit to the Commission a 
responsive written statement in accordance with this order.

    By the Commission.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-14615 Filed 7-7-20; 8:45 am]
BILLING CODE 8011-01-P
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