Notice of Intention To Cancel Registration Pursuant to Section 203(H) of the Investment Advisers Act of 1940, 46197 [2020-16589]
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Federal Register / Vol. 85, No. 148 / Friday, July 31, 2020 / Notices
participation will be sent to registrants
the morning of the virtual meeting.
Office of Personnel Management.
Stephen Hickman,
Deputy Executive Secretary.
[FR Doc. 2020–16555 Filed 7–30–20; 8:45 am]
BILLING CODE 6325–38–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. IA–5549]
Notice of Intention To Cancel
Registration Pursuant to Section
203(H) of the Investment Advisers Act
of 1940
July 27, 2020.
Notice is given that the Securities and
Exchange Commission (the
‘‘Commission’’) intends to issue an
order, pursuant to Section 203(h) of the
Investment Advisers Act of 1940 (the
‘‘Act’’), cancelling the registration of
Europa Investment Bank Inc. [File No.
801–74257], hereinafter referred to as
the ‘‘registrant.’’
Section 203(h) provides, in pertinent
part, that if the Commission finds that
any person registered under Section
203, or who has pending an application
for registration filed under that section,
is no longer in existence, is not engaged
in business as an investment adviser, or
is prohibited from registering as an
investment adviser under section 203A,
the Commission shall by order, cancel
the registration of such person.
The registrant is not eligible for
registration with the Commission under
the Act and the rules issued under the
Act. This belief is based on our
understanding that registrant is relying
on rule 203A–1(a)(1) to remain
registered with the Commission, though
it has insufficient regulatory assets
under management.1 Registrant does not
currently have regulatory assets under
management of $100 million or more;
and it did not have regulatory assets
under management of $90 million or
more at the time of filing its most recent
annual updating amendment. In
addition, our belief also is based on our
understanding that the registrant is no
longer in existence or otherwise engaged
in business as an investment adviser.
Accordingly, the Commission believes
that reasonable grounds exist for a
finding that this registrant is no longer
eligible to be registered with the
Commission as an investment adviser
and that the registration should be
cancelled pursuant to section 203(h) of
the Act.
Notice is also given that any
interested person may, by August 21,
2020, at 5:30 p.m., submit to the
Commission in writing a request for a
hearing on the cancellation,
accompanied by a statement as to the
nature of his or her interest, the reason
for such request, and the issues, if any,
of fact or law proposed to be
controverted, and he or she may request
that he or she be notified if the
Commission should order a hearing
thereon. Any such communication
should be emailed to the Commission’s
Secretary at Secretarys-Office@sec.gov.
At any time after August 21, 2020, the
Commission may issue an order
cancelling the registration, upon the
basis of the information stated above,
unless an order for a hearing on the
cancellation shall be issued upon
request or upon the Commission’s own
motion. Persons who requested a
hearing, or who requested to be advised
as to whether a hearing is ordered, will
receive any notices and orders issued in
this matter, including the date of the
hearing (if ordered) and any
postponements thereof. Any adviser
whose registration is cancelled under
delegated authority may appeal that
decision directly to the Commission in
accordance with rules 430 and 431 of
the Commission’s rules of practice (17
CFR 201.430 and 431).
The Commission:
Secretarys-Office@sec.gov.
ADDRESSES:
FOR FURTHER INFORMATION CONTACT:
Benjamin A. Tecmire, Senior Counsel at
202–551–6541 (Investment Adviser
Regulation Office).
For the Commission, by the Division of
Investment Management, pursuant to
delegated authority.2
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020–16589 Filed 7–30–20; 8:45 am]
BILLING CODE 8011–01–P
1 Rule 203A–1(a)(1) under the Act generally
requires an adviser to have assets under
management of at least $100 million or at least $90
million at the time of filing its most recent annual
updating amendment.
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22:24 Jul 30, 2020
Jkt 250001
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2 17
CFR 200.30–5(e)(2).
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46197
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–89398; File No. SR–CBOE–
2020–050]
Self-Regulatory Organizations; Cboe
Exchange, Inc.; Notice of Designation
of a Longer Period for Commission
Action on a Proposed Rule Change, as
Modified by Amendment Nos. 1 and 2,
to Amend Rules 5.37 and 5.73
July 27, 2020.
On June 3, 2020, Cboe 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
amend Rules 5.37 and 5.73 to permit
orders for the accounts of market makers
with an appointment in SPX to be
solicited for the initiating order
submitted for execution against an
agency order in SPX options into a
simple Automated Improvement
Mechanism (‘‘AIM’’) auction or a simple
FLEX AIM auction. The proposed rule
change was published for comment in
the Federal Register on June 18, 2020.3
On July 2, 2020, the Exchange submitted
Amendment No. 1 to the proposed rule
change, which replaced and superseded
the proposed rule change in its
entirety.4 On July 22, 2020, the
Exchange submitted Amendment No. 2
to the proposed rule change.5
Section 19(b)(2) of the Act 6 provides
that within 45 days of the publication of
notice of the filing of a proposed rule
change, or within such longer period up
to 90 days as the Commission may
1 15
U.S.C.78s(b)(1).
CFR 240.19b–4.
3 See Securities Exchange Act Release No. 89062
(June 12, 2020), 85 FR 36907. Comments on the
proposed rule change can be found at: https://
www.sec.gov/comments/sr-cboe-2020-050/
srcboe2020050.htm.
4 In Amendment No. 1, the Exchange: (1) Limited
the scope of its original proposal, which would
have permitted orders for the accounts of market
makers with an appointment in any class to be
solicited for the initiating order in an AIM or FLEX
AIM auction in that class, to only allow market
makers with an appointment in SPX to be solicited
for the initiating order in an AIM or FLEX AIM
auction in SPX; and (2) provided additional data,
justification, and support for its modified proposal.
The full text of Amendment No. 1 is available on
the Commission’s website at: https://www.sec.gov/
comments/sr-cboe-2020-050/srcboe20200507382058-218888.pdf.
5 In Amendment No. 2, the Exchange: (1)
Provided additional data, justification, and support
for its proposal; and (2) made technical corrections
and clarifications to the description of the proposal.
The full text of Amendment No. 2 is available on
the Commission’s website at: https://www.sec.gov/
comments/sr-cboe-2020-050/srcboe20200507464399-221161.pdf.
6 15 U.S.C. 78s(b)(2).
2 17
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]]>Agencies
[Federal Register Volume 85, Number 148 (Friday, July 31, 2020)]
[Notices]
[Page 46197]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-16589]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. IA-5549]
Notice of Intention To Cancel Registration Pursuant to Section
203(H) of the Investment Advisers Act of 1940
July 27, 2020.
Notice is given that the Securities and Exchange Commission (the
``Commission'') intends to issue an order, pursuant to Section 203(h)
of the Investment Advisers Act of 1940 (the ``Act''), cancelling the
registration of Europa Investment Bank Inc. [File No. 801-74257],
hereinafter referred to as the ``registrant.''
Section 203(h) provides, in pertinent part, that if the Commission
finds that any person registered under Section 203, or who has pending
an application for registration filed under that section, is no longer
in existence, is not engaged in business as an investment adviser, or
is prohibited from registering as an investment adviser under section
203A, the Commission shall by order, cancel the registration of such
person.
The registrant is not eligible for registration with the Commission
under the Act and the rules issued under the Act. This belief is based
on our understanding that registrant is relying on rule 203A-1(a)(1) to
remain registered with the Commission, though it has insufficient
regulatory assets under management.\1\ Registrant does not currently
have regulatory assets under management of $100 million or more; and it
did not have regulatory assets under management of $90 million or more
at the time of filing its most recent annual updating amendment. In
addition, our belief also is based on our understanding that the
registrant is no longer in existence or otherwise engaged in business
as an investment adviser. Accordingly, the Commission believes that
reasonable grounds exist for a finding that this registrant is no
longer eligible to be registered with the Commission as an investment
adviser and that the registration should be cancelled pursuant to
section 203(h) of the Act.
---------------------------------------------------------------------------
\1\ Rule 203A-1(a)(1) under the Act generally requires an
adviser to have assets under management of at least $100 million or
at least $90 million at the time of filing its most recent annual
updating amendment.
---------------------------------------------------------------------------
Notice is also given that any interested person may, by August 21,
2020, at 5:30 p.m., submit to the Commission in writing a request for a
hearing on the cancellation, accompanied by a statement as to the
nature of his or her interest, the reason for such request, and the
issues, if any, of fact or law proposed to be controverted, and he or
she may request that he or she be notified if the Commission should
order a hearing thereon. Any such communication should be emailed to
the Commission's Secretary at [email protected].
At any time after August 21, 2020, the Commission may issue an
order cancelling the registration, upon the basis of the information
stated above, unless an order for a hearing on the cancellation shall
be issued upon request or upon the Commission's own motion. Persons who
requested a hearing, or who requested to be advised as to whether a
hearing is ordered, will receive any notices and orders issued in this
matter, including the date of the hearing (if ordered) and any
postponements thereof. Any adviser whose registration is cancelled
under delegated authority may appeal that decision directly to the
Commission in accordance with rules 430 and 431 of the Commission's
rules of practice (17 CFR 201.430 and 431).
ADDRESSES: The Commission: [email protected].
FOR FURTHER INFORMATION CONTACT: Benjamin A. Tecmire, Senior Counsel at
202-551-6541 (Investment Adviser Regulation Office).
For the Commission, by the Division of Investment Management,
pursuant to delegated authority.\2\
---------------------------------------------------------------------------
\2\ 17 CFR 200.30-5(e)(2).
---------------------------------------------------------------------------
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-16589 Filed 7-30-20; 8:45 am]
BILLING CODE 8011-01-P
