F&W Investments LP and Fenwick & West LLP, 38929 [2024-09994]
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Federal Register / Vol. 89, No. 90 / Wednesday, May 8, 2024 / Notices
Product List and Notice of Filing
Materials Under Seal; Filing Acceptance
Date: May 1, 2024; Filing Authority: 39
U.S.C. 3642, 39 CFR 3040.130 through
3040.135, and 39 CFR 3035.105; Public
Representative: Kenneth R. Moeller;
Comments Due: May 9, 2024.
3. Docket No(s).: MC2024–266 and
CP2024–272; Filing Title: USPS Request
to Add Priority Mail & USPS Ground
Advantage Contract 239 to Competitive
Product List and Notice of Filing
Materials Under Seal; Filing Acceptance
Date: May 1, 2024; Filing Authority: 39
U.S.C. 3642, 39 CFR 3040.130 through
3040.135, and 39 CFR 3035.105; Public
Representative: Kenneth R. Moeller;
Comments Due: May 9, 2024.
This Notice will be published in the
Federal Register.
Erica A. Barker,
Secretary.
[FR Doc. 2024–09990 Filed 5–7–24; 8:45 am]
BILLING CODE 7710–FW–P
SECURITIES AND EXCHANGE
COMMISSION
[Investment Company Act Release No.
35184; File No. 813–00398]
F&W Investments LP and Fenwick &
West LLP
Securities and Exchange
Commission (‘‘Commission’’ or ‘‘SEC’’).
ACTION: Notice.
AGENCY:
lotter on DSK11XQN23PROD with NOTICES1
HEARING OR NOTIFICATION OF HEARING:
An order granting the requested relief
will be issued unless the Commission
orders a hearing. Interested persons may
request a hearing on any application by
emailing the SEC’s Secretary at
Secretarys-Office@sec.gov and serving
the Applicants 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 Commission
by 5:30 p.m. on May 28, 2024, 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
emailing the Commission’s Secretary at
Secretarys-Office@sec.gov.
The Commission:
Secretarys-Office@sec.gov. Applicants:
Katie Lieu, KLieu@fenwick.com and
Byron Dailey, BDailey@fenwick.com.
ADDRESSES:
May 2, 2024.
Notice of application for an order
(‘‘Order’’) under sections 6(b) and 6(e) of
the Investment Company Act of 1940
(the ‘‘Act’’) granting an exemption from
all provisions of the Act, except sections
9, 17, 30, and 36 through 53, and the
rules and regulations under the Act (the
‘‘Rules and Regulations’’). With respect
to sections 17(a), (d), (f), (g), and (j) of
the Act, sections 30(a), (b), (e), and (h)
of the Act and the Rules and
Regulations and rule 38a–1 under the
Act, applicants request a limited
exemption as set forth in the
application.
SUMMARY OF APPLICATION: Applicants
request an order to exempt certain
limited liability companies,
partnerships, trusts, corporations or
other entities (‘‘Investment Funds’’)
formed for the benefit of eligible
employees of Fenwick & West LLP and
its affiliates from certain provisions of
the Act. Each Investment Fund will be
an ‘‘employees’ securities company’’
within the meaning of section 2(a)(13) of
the Act.
APPLICANTS: F&W Investments LP and
Fenwick & West LLP.
VerDate Sep<11>2014
The application was filed
on January 25, 2021, and amended on
July 27, 2021, February 24, 2023, and
April 23, 2024.
FILING DATES:
17:03 May 07, 2024
Jkt 262001
FOR FURTHER INFORMATION CONTACT:
Laura L. Solomon, Senior Counsel, or
Kyle R. Ahlgren, Branch Chief, at (202)
551–6825 (Division of Investment
Management, Chief Counsel’s Office).
For
Applicants’ representations, legal
analysis, and conditions, please refer to
Applicants’ amendment no. 3 to
application, dated April 23, 2024, which
may be obtained via the Commission’s
website by searching for the file number
at the top of this document, 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.
SUPPLEMENTARY INFORMATION:
For the Commission, by the Division of
Investment Management, under delegated
authority.
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2024–09994 Filed 5–7–24; 8:45 am]
BILLING CODE 8011–01–P
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38929
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–100048; File No. SR–
NSCC–2024–002]
Self-Regulatory Organizations;
National Securities Clearing
Corporation; Order Approving of
Proposed Rule Change To
Accommodate a Shorter Standard
Settlement Cycle and Make Other
Changes
May 2, 2024.
I. Introduction
On March 8, 2024, National Securities
Clearing Corporation (‘‘NSCC’’) filed
with the Securities and Exchange
Commission (‘‘Commission’’) proposed
rule change SR–NSCC–2024–002
(‘‘Proposed Rule Change’’) pursuant to
Section 19(b)(1) of the Securities
Exchange Act of 1934 (‘‘Act’’) 1 and Rule
19b–4 thereunder.2 The Proposed Rule
Change was published for comment in
the Federal Register on March 21,
2024.3 The Commission has received no
comments on the Proposed Rule
Change. For the reasons discussed
below, the Commission is approving the
Proposed Rule Change.
II. Background
NSCC provides central counterparty
services, including clearing, settlement,
risk management, and a guarantee of
completion, for virtually all broker-tobroker trades involving equity
securities, corporate and municipal debt
securities, and certain other securities.
NSCC’s Rules 4 consider the current
standard settlement cycle of two
business days after the trade date
(‘‘T+2’’) as ‘‘regular way’’ settlement,
and as such, are currently designed to
accommodate this settlement cycle. The
T+2 settlement cycle has been in place
since 2017 when the Commission
amended Exchange Act Rule 15c6–1(a) 5
1 15
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 See Securities Exchange Act Release No. 99750
(Mar. 15, 2024), 89 FR 20267 (Mar. 21, 2024) (File
No. SR–NSCC–2024–002) (‘‘Notice of Filing’’).
4 Capitalized terms not defined herein are defined
in the Rules and Procedures of NSCC (‘‘Rules’’),
available at https://www.dtcc.com/legal/rules-andprocedures.aspx.
5 Exchange Act Rule 15c6–1(a), as amended in
2017, required, with certain exceptions, that a
broker or dealer shall not effect or enter into a
contract for the purchase or sale of a security (other
than an exempted security, government security,
municipal security, commercial paper, bankers’
acceptances, or commercial bills) that provides for
payment of funds and delivery of securities later
than the second business day after the date of the
contract unless otherwise expressly agreed to by the
parties at the time of the transaction. See 17 CFR
240.15c6–1(a).
2 17
E:\FR\FM\08MYN1.SGM
08MYN1
]]>Agencies
[Federal Register Volume 89, Number 90 (Wednesday, May 8, 2024)]
[Notices]
[Page 38929]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-09994]
=======================================================================
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 35184; File No. 813-00398]
F&W Investments LP and Fenwick & West LLP
May 2, 2024.
AGENCY: Securities and Exchange Commission (``Commission'' or ``SEC'').
ACTION: Notice.
-----------------------------------------------------------------------
Notice of application for an order (``Order'') under sections 6(b)
and 6(e) of the Investment Company Act of 1940 (the ``Act'') granting
an exemption from all provisions of the Act, except sections 9, 17, 30,
and 36 through 53, and the rules and regulations under the Act (the
``Rules and Regulations''). With respect to sections 17(a), (d), (f),
(g), and (j) of the Act, sections 30(a), (b), (e), and (h) of the Act
and the Rules and Regulations and rule 38a-1 under the Act, applicants
request a limited exemption as set forth in the application.
Summary of Application: Applicants request an order to exempt certain
limited liability companies, partnerships, trusts, corporations or
other entities (``Investment Funds'') formed for the benefit of
eligible employees of Fenwick & West LLP and its affiliates from
certain provisions of the Act. Each Investment Fund will be an
``employees' securities company'' within the meaning of section
2(a)(13) of the Act.
Applicants: F&W Investments LP and Fenwick & West LLP.
Filing Dates: The application was filed on January 25, 2021, and
amended on July 27, 2021, February 24, 2023, and April 23, 2024.
Hearing or Notification of Hearing: An order granting the requested
relief will be issued unless the Commission orders a hearing.
Interested persons may request a hearing on any application by emailing
the SEC's Secretary at [email protected] and serving the
Applicants 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 Commission by 5:30 p.m. on May 28,
2024, 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 emailing the Commission's Secretary at
[email protected].
ADDRESSES: The Commission: [email protected]. Applicants: Katie
Lieu, [email protected] and Byron Dailey, [email protected].
FOR FURTHER INFORMATION CONTACT: Laura L. Solomon, Senior Counsel, or
Kyle R. Ahlgren, Branch Chief, at (202) 551-6825 (Division of
Investment Management, Chief Counsel's Office).
SUPPLEMENTARY INFORMATION: For Applicants' representations, legal
analysis, and conditions, please refer to Applicants' amendment no. 3
to application, dated April 23, 2024, which may be obtained via the
Commission's website by searching for the file number at the top of
this document, 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.
For the Commission, by the Division of Investment Management,
under delegated authority.
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2024-09994 Filed 5-7-24; 8:45 am]
BILLING CODE 8011-01-P
