Deregistration Under Section 8(f) of the Investment Company Act of 1940, 20594-20595 [2023-07156]
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20594
Federal Register / Vol. 88, No. 66 / Thursday, April 6, 2023 / Notices
10:00 a.m. and 3:00 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–NYSEARCA–2023–28, and
should be submitted on or before April
27, 2023.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.28
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023–07142 Filed 4–5–23; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Investment Company Act Release No.
34873]
Deregistration Under Section 8(f) of the
Investment Company Act of 1940
March 31, 2023.
Securities and Exchange
Commission (‘‘Commission’’ or ‘‘SEC’’)
ACTION: Notice of applications for
deregistration under Section 8(f) of the
Investment Company Act of 1940.
ddrumheller on DSK120RN23PROD with NOTICES1
AGENCY:
The following is a notice of
applications for deregistration under
section 8(f) of the Investment Company
Act of 1940 for the month of March
2023. A copy of each application may be
obtained via the Commission’s website
by searching for the applicable file
number listed below, or for an applicant
using the Company name search field,
on the SEC’s EDGAR system. The SEC’s
EDGAR system may be searched at
https://www.sec.gov/edgar/searchedgar/
legacy/companysearch.html. You may
also call the SEC’s Public Reference
Room at (202) 551–8090. An order
granting each application will be issued
unless the SEC orders a hearing.
Interested persons may request a
hearing on any application by emailing
the SEC’s Secretary at SecretarysOffice@sec.gov and serving the relevant
applicant with a copy of the request by
email, if an email address is listed for
the relevant applicant below, or
personally or by mail, if a physical
address is listed for the relevant
applicant below. Hearing requests
should be received by the SEC by 5:30
28 17
CFR 200.30–3(a)(12).
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21:13 Apr 05, 2023
Jkt 259001
p.m. on April 25, 2023, 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 at SecretarysOffice@sec.gov.
ADDRESSES: The Commission:
Secretarys-Office@sec.gov.
FOR FURTHER INFORMATION CONTACT:
Shawn Davis, Assistant Director, at
(202) 551–6413 or Chief Counsel’s
Office at (202) 551–6821; SEC, Division
of Investment Management, Chief
Counsel’s Office, 100 F Street NE,
Washington, DC 20549–8010.
Destra Targeted Income Unit
Investment Trust [File No. 811–22757]
Summary: Applicant, a unit
investment trust, seeks an order
declaring that it has ceased to be an
investment company. On December 31,
2015, and April 15, 2022, applicant
made liquidating distributions to its
shareholders, based on net asset value.
Expenses of $75,000.00 incurred in
connection with the liquidation were
paid by the applicant. Applicant also
has retained $75,000 for the purpose of
paying outstanding liabilities.
Filing Date: The application was filed
on February 21, 2023.
Applicant’s Address: 901 Warrenville
Road, Suite 15, Lisle, Illinois 60532.
FEG Absolute Access Fund I LLC [File
No. 811–22527]
Summary: Applicant, a closed-end
investment company, seeks an order
declaring that it has ceased to be an
investment company. On December 31,
2020, February 28, 2021, September 1,
2021, and January 3, 2023, applicant
made liquidating distributions to its
shareholders based on net asset value.
Expenses of $3,000 incurred in
connection with the liquidation were
paid by the applicant.
Filing Date: The application was filed
on March 7, 2023.
Applicant’s Address:
Joshua.deringer@faegredrinker.com.
FEG Absolute Access Fund LLC [File
No. 811–22454]
Summary: Applicant, a closed-end
investment company, seeks an order
declaring that it has ceased to be an
investment company. Applicant
currently has fewer than 100 beneficial
owners, is not presently making an
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offering of securities and does not
propose to make any offering of
securities. Applicant will continue to
operate as a private investment fund in
reliance on Section 3(c)(1) of the Act.
Filing Date: The application was filed
on March 7, 2023.
Applicant’s Address:
Joshua.deringer@faegredrinker.com.
Lord Asset Management Trust [File No.
811–08348]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. On December 15,
2022, applicant made a liquidating
distribution to its shareholders based on
net asset value. Expenses of $115,463.67
incurred in connection with the
liquidation were paid by the applicant.
Filing Date: The application was filed
on March 10, 2023.
Applicant’s Address: 425 South
Financial Place, Suite 3900, Chicago,
Illinois 60605.
Transamerica Asset Allocation
Variable Funds [File No. 811–07717]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. On October 28,
2022, applicant made a liquidating
distribution to its shareholders based on
net asset value. Expenses of $58,697.01
incurred in connection with the
liquidation were paid by the issuer and
depositor of the applicant.
Filing Dates: The application was
filed on December 16, 2022, and
amended on March 17, 2023.
Applicant’s Address: 1801 California
Street, Suite 5200, Denver, Colorado
80202.
UBS Relationship Funds [File No. 811–
09036]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. Expenses of
$5,500 incurred in connection with the
liquidation were paid by the applicant.
Filing Dates: March 10, 2023.
Applicant’s Address: c/o UBS Asset
Management (Americas) Inc., One North
Wacker Drive, Chicago, Illinois 60606.
Zell Capital [File No. 811–23563]
Summary: Applicant, a closed-end
investment company, seeks an order
declaring that it has ceased to be an
investment company. Applicant
currently has fewer than 100 beneficial
owners, is not presently making an
offering of securities and does not
propose to make any offering of
securities. Applicant will continue to
operate as a private investment fund in
reliance on Section 3(c)(1) of the Act.
Filing Dates: The application was
filed on February 24, 2023.
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Federal Register / Vol. 88, No. 66 / Thursday, April 6, 2023 / Notices
certain ICE Futures Europe Deliverable
Carbon Credit Contracts (together the
‘‘Contracts’’), for which delivery will be
made through a registry account of the
Clearing House.6
Applicant’s Address: 175 South
Third, Suite 200, Columbus, Ohio
43215.
For the Commission, by the Division of
Investment Management, pursuant to
delegated authority.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023–07156 Filed 4–5–23; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–97230; File No. SR–ICEEU–
2023–007]
Self-Regulatory Organizations; ICE
Clear Europe Limited; Notice of Filing
and Immediate Effectiveness of
Proposed Rule Change, as Modified by
Amendment No. 1, Relating to
Amendments of the ICE Clear Europe
Delivery Procedures
March 31, 2023.
ddrumheller on DSK120RN23PROD with NOTICES1
Pursuant to section 19(b)(1) of the
Securities Exchange Act of 1934
(‘‘Act’’),1 and Rule 19b–4 thereunder,2
notice is hereby given that on March 20,
2023, ICE Clear Europe Limited (‘‘ICE
Clear Europe’’ or the ‘‘Clearing House’’)
filed with the Securities and Exchange
Commission (‘‘Commission’’) the
proposed rule changes described in
Items I, II and III below, which Items
have been primarily prepared by ICE
Clear Europe. ICE Clear Europe filed the
proposed rule change pursuant to
section 19(b)(3)(A) of the Act 3 and Rule
19b–4(f)(4)(ii) thereunder,4 such that the
proposed rule change was immediately
effective upon filing with the
Commission. On March 27, 2023, ICE
Clear Europe filed Amendment No. 1 to
the proposed rule change. The
Commission is publishing this notice to
solicit comments on the proposed rule
change, as modified by Amendment No.
1 (hereafter the ‘‘proposed rule
change’’),5 from interested persons.
I. Clearing Agency’s Statement of the
Terms of Substance of the Proposed
Rule Change
ICE Clear Europe Limited (‘‘ICE Clear
Europe’’ or the ‘‘Clearing House’’)
proposes to amend its Delivery
Procedures (‘‘Delivery Procedures’’ or
‘‘Procedures’’) to add a new Part N2
thereto (‘‘Part N2’’), which will apply to
1 15
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 15 U.S.C. 78s(b)(3)(A).
4 17 CFR 240.19b–4(f)(4)(ii).
5 Amendment No. 1 amended and restated in its
entirety the Form 19b–4 and Exhibit 1A in order to
correct the narrative description of the proposed
rule change.
2 17
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21:13 Apr 05, 2023
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II. Clearing Agency’s Statement of the
Purpose of, and Statutory Basis for, the
Proposed Rule Change
In its filing with the Commission, ICE
Clear Europe included statements
concerning the purpose of and basis for
the proposed rule change and discussed
any comments it received on the
proposed rule change. The text of these
statements may be examined at the
places specified in Item IV below. ICE
Clear Europe has prepared summaries,
set forth in sections (A), (B), and (C)
below, of the most significant aspects of
such statements.
(A) Clearing Agency’s Statement of the
Purpose of, and Statutory Basis for, the
Proposed Rule Change
(a) Purpose
ICE Clear Europe is proposing to add
a new Part N2 to the Delivery
Procedures. Part N2 would apply to the
Contracts, which are to be traded on ICE
Futures Europe and cleared at ICE Clear
Europe, and would address settlement
that will occur through a Registry
Account of the Clearing House. The
proposed Delivery Procedures are
intended to become operative on March
28, 2023, subject to regulatory approval.
ICE Clear Europe will announce by
Circular the specific Contracts to which
Part N2 of the Delivery Procedures will
apply. ICE Clear Europe currently
expects that Part N2 will apply to all
ICE Futures Europe physically
deliverable carbon credit contracts.
Pursuant to Part N2, delivery under
the Contracts, in the case of the Seller,
would be effected upon the transfer of
the relevant Carbon Credits from the
Registry Account of the Seller into the
Registry Account of the Clearing House
and acceptance of the Carbon Credits by
the Clearing House. In the case of the
Buyer, delivery would be effected upon
transfer of the relevant Carbon Credits
from the relevant Registry Account of
the Clearing House to the relevant
Registry Account of the Buyer, and there
would not be a prerequisite for the
Buyer to accept the Carbon Credits. Part
N2 would set out the Clearing House’s
ability not to accept a transfer from the
Seller in the event the transferred
carbon credits are not in accordance
with the contract specifications.
6 Capitalized terms used but not defined herein
have the meanings specified in the Delivery
Procedures or, if not defined therein, the ICE Clear
Europe Clearing Rules.
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20595
Delivery would take place during the
Delivery Period for the relevant
Contracts in accordance with the
contract specifications, and neither
delivery by Seller nor receipt by Buyer
would require performance by the other
to occur simultaneously. Consistent
with the foregoing, the amendments
would also state that both the Buyer and
Seller would deal directly with the
Clearing House in the settlement.
The amendments would set out
relevant definitions related to delivery
under the contract, including as to the
underlying deliverable Carbon Credits.
The amendments provide that the
Carbon Credits must conform to the
specification described in the Contract
and the specifications of the Registry to
and from which delivery may be made
under the relevant Contract. In cases
where the Seller effected the transfer of
carbon credits that are not in accordance
with the relevant Contract
specifications, the Clearing House
would reserve the right to reject the
transfer and return the respective carbon
credits. In such scenario the Seller
would remain under an obligation to
deliver the Carbon Credits of the
specified quantity along with the
Contract within the appropriate
timeline. The amendments would
further specify certain details of the
delivery process for the Contracts
including quantity, settlement price,
and timing of cessation of trading.
The amendments would state that the
Contracts would be based on Open
Contract Positions after expiration of the
relevant Contract Set and the delivery
process would occur over a three
consecutive Business Day period. In
addition, the amendments would
include delivery timetables with
detailed timeframes and descriptions of
the processes for delivery under
Contracts. Such timetables would set
out, among other processes, the time for
cessation of trading, submission of
delivery intentions, confirmation
reports, confirmations of delivery
position/expiry, payment by the Buyer,
payment and return of delivery margin,
Seller’s delivery to the Clearing House,
payment to Seller, and Clearing House
delivery to the Buyer.
The amendments would also address
the responsibilities of the Clearing
House and relevant parties for delivery
under Contracts, as well as certain
limitations of liability for the Clearing
House. Specifically, the Clearing House
would not be responsible for the
performance or non-performance of, or
any delay or error in performance by
any Registry or Registry Operator; the
compliance or lack of compliance of any
Seller or Buyer or their respective
E:\FR\FM\06APN1.SGM
06APN1
]]>Agencies
[Federal Register Volume 88, Number 66 (Thursday, April 6, 2023)]
[Notices]
[Pages 20594-20595]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-07156]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 34873]
Deregistration Under Section 8(f) of the Investment Company Act
of 1940
March 31, 2023.
AGENCY: Securities and Exchange Commission (``Commission'' or ``SEC'')
ACTION: Notice of applications for deregistration under Section 8(f)
of the Investment Company Act of 1940.
-----------------------------------------------------------------------
The following is a notice of applications for deregistration under
section 8(f) of the Investment Company Act of 1940 for the month of
March 2023. A copy of each application may be obtained via the
Commission's website by searching for the applicable file number listed
below, or for an applicant using the Company name search field, on the
SEC's EDGAR system. The SEC's EDGAR system may be searched at https://www.sec.gov/edgar/searchedgar/legacy/companysearch.html. You may also
call the SEC's Public Reference Room at (202) 551-8090. An order
granting each application will be issued unless the SEC orders a
hearing. Interested persons may request a hearing on any application by
emailing the SEC's Secretary at [email protected] and serving
the relevant applicant with a copy of the request by email, if an email
address is listed for the relevant applicant below, or personally or by
mail, if a physical address is listed for the relevant applicant below.
Hearing requests should be received by the SEC by 5:30 p.m. on April
25, 2023, 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 at
[email protected].
ADDRESSES: The Commission: [email protected].
FOR FURTHER INFORMATION CONTACT: Shawn Davis, Assistant Director, at
(202) 551-6413 or Chief Counsel's Office at (202) 551-6821; SEC,
Division of Investment Management, Chief Counsel's Office, 100 F Street
NE, Washington, DC 20549-8010.
Destra Targeted Income Unit Investment Trust [File No. 811-22757]
Summary: Applicant, a unit investment trust, seeks an order
declaring that it has ceased to be an investment company. On December
31, 2015, and April 15, 2022, applicant made liquidating distributions
to its shareholders, based on net asset value. Expenses of $75,000.00
incurred in connection with the liquidation were paid by the applicant.
Applicant also has retained $75,000 for the purpose of paying
outstanding liabilities.
Filing Date: The application was filed on February 21, 2023.
Applicant's Address: 901 Warrenville Road, Suite 15, Lisle,
Illinois 60532.
FEG Absolute Access Fund I LLC [File No. 811-22527]
Summary: Applicant, a closed-end investment company, seeks an order
declaring that it has ceased to be an investment company. On December
31, 2020, February 28, 2021, September 1, 2021, and January 3, 2023,
applicant made liquidating distributions to its shareholders based on
net asset value. Expenses of $3,000 incurred in connection with the
liquidation were paid by the applicant.
Filing Date: The application was filed on March 7, 2023.
Applicant's Address: [email protected].
FEG Absolute Access Fund LLC [File No. 811-22454]
Summary: Applicant, a closed-end investment company, seeks an order
declaring that it has ceased to be an investment company. Applicant
currently has fewer than 100 beneficial owners, is not presently making
an offering of securities and does not propose to make any offering of
securities. Applicant will continue to operate as a private investment
fund in reliance on Section 3(c)(1) of the Act.
Filing Date: The application was filed on March 7, 2023.
Applicant's Address: [email protected].
Lord Asset Management Trust [File No. 811-08348]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On December 15, 2022, applicant made a
liquidating distribution to its shareholders based on net asset value.
Expenses of $115,463.67 incurred in connection with the liquidation
were paid by the applicant.
Filing Date: The application was filed on March 10, 2023.
Applicant's Address: 425 South Financial Place, Suite 3900,
Chicago, Illinois 60605.
Transamerica Asset Allocation Variable Funds [File No. 811-07717]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On October 28, 2022, applicant made a
liquidating distribution to its shareholders based on net asset value.
Expenses of $58,697.01 incurred in connection with the liquidation were
paid by the issuer and depositor of the applicant.
Filing Dates: The application was filed on December 16, 2022, and
amended on March 17, 2023.
Applicant's Address: 1801 California Street, Suite 5200, Denver,
Colorado 80202.
UBS Relationship Funds [File No. 811-09036]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. Expenses of $5,500 incurred in connection
with the liquidation were paid by the applicant.
Filing Dates: March 10, 2023.
Applicant's Address: c/o UBS Asset Management (Americas) Inc., One
North Wacker Drive, Chicago, Illinois 60606.
Zell Capital [File No. 811-23563]
Summary: Applicant, a closed-end investment company, seeks an order
declaring that it has ceased to be an investment company. Applicant
currently has fewer than 100 beneficial owners, is not presently making
an offering of securities and does not propose to make any offering of
securities. Applicant will continue to operate as a private investment
fund in reliance on Section 3(c)(1) of the Act.
Filing Dates: The application was filed on February 24, 2023.
[[Page 20595]]
Applicant's Address: 175 South Third, Suite 200, Columbus, Ohio
43215.
For the Commission, by the Division of Investment Management,
pursuant to delegated authority.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-07156 Filed 4-5-23; 8:45 am]
BILLING CODE 8011-01-P
