Jefferies Finance LLC, et al., 72918-72919 [2024-20107]

Download as PDF 72918 Federal Register / Vol. 89, No. 173 / Friday, September 6, 2024 / Notices lotter on DSK11XQN23PROD with NOTICES1 2024.2 The Commission received comment letters on the Form 1 application and a letter from 24X responding to these comment letters.3 On May 31, 2024, the Commission instituted proceedings pursuant to Section 19(a)(1)(B) of the Act 4 to determine whether to grant or deny 24X’s application for registration as a national securities exchange under Section 6 of the Act (the ‘‘OIP’’).5 The Commission received comment letters in response to the OIP 6 and a letter responding to the OIP and comments from 24X.7 On August 21, 2024, 24X filed an amendment to its Form 1 application (‘‘Amendment No. 1’’) which revised Exhibits B, B–1, C, C–2, D, E, E–1 and N.8 Among other things, in Amendment No. 1, 24X proposes revisions to certain rules in Exhibit B relating to the operation of the 24X Market Session.9 In Amendment No. 1, 24X also proposes revisions to proposed Exhibits C, C–2, D (including Exhibits D–1 through D–4), E, E–1 and N to (1) provide more information about its intention to enter into a technology services agreement with MEMX Technologies, LLC (‘‘MEMX Technologies’’); (2) update the number of authorized ownership units for 24X 2 See Securities Exchange Act Release No. 99614 (Feb. 27, 2024), 89 FR 15621 (Mar. 4, 2024) (‘‘Notice’’). 3 The public comment file for 24X’s Form 1 application (File No. 10–242) is available on the Commission’s website at: https://www.sec.gov/ comments/10-242/10-242.htm. 4 15 U.S.C. 78s(a)(1)(B). 5 See Securities Exchange Act Release No. 100254 (May 31, 2024), 89 FR 48466 (June 6, 2024). 6 See supra note 3 and accompanying text. 7 See id. 8 See Securities Exchange Act Release No. 100839 (Aug. 27, 2024). Amendment No. 1 is available on the Commission’s website at: https://www.sec.gov/ rules-regulations/other-commission-orders-noticesinformation/24x-form-1. 9 See proposed 24X Rule 1.5(c), as amended by Amendment No. 1, defining the ‘‘24X Market Session’’ as ‘‘(i) the time between 8:00 p.m. and 4:00 a.m. Eastern Time, (ii) any time that falls on a Saturday or a Sunday Eastern Time, (iii) any time that falls on one of the following U.S. holidays: New Year’s Day, Martin Luther King Jr. Day, Presidents’ Day, Good Friday, Memorial Day, Juneteenth National Independence Day, Independence Day, Labor Day, Thanksgiving Day and Christmas Day Eastern Time, or such other U.S. holiday(s) as published by the Exchange from time to time; provided, however, it shall not include any trading pauses as described in Rule 11.15(c). For the avoidance of doubt, notwithstanding anything to the contrary in these Rules, the Exchange shall not commence operation of the 24X Market Session unless (1) the equity data national market system plans have established a mechanism to collect, consolidate and disseminate quotation and transaction information during the 24X Market Session, or (2) the Securities and Exchange Commission has provided exemptive or other relief from the requirements under Rule 601, 602 and such plans (or their successors) applicable to the 24X Market Session.’’ VerDate Sep<11>2014 16:42 Sep 05, 2024 Jkt 262001 Bermuda Holdings LLC, the ultimate holding company for 24X; (3) provide updated financial information on 24X’s affiliates; and (4) describe 24X’s proposed compliance with Regulation Systems Compliance and Integrity, its arrangement with MEMX Technologies, and make other conforming changes to reflect Amendment No. 1. Section 19(a)(1)(B) of the Act provides that proceedings instituted to determine whether to deny an application for registration as a national securities exchange shall be concluded within 180 days of the date of a publication of notice of the filing of the application for registration.10 At the conclusion of such proceedings, the Commission, by order, shall grant or deny such registration.11 The Commission may extend the time for conclusion of such proceedings for up to 90 days if it finds good cause for such extension and publishes its reasons for so finding.12 The Notice was published for comment in the Federal Register on March 4, 2024.13 The 180th day after publication of the Notice is August 31, 2024. The Commission is extending the time period for granting or denying 24X’s application for registration as a national securities exchange for an additional 90 days. The Commission finds good cause for extending the period for granting or denying 24X’s application for registration as a national securities exchange because the extension will provide additional time for the Commission to assess whether 24X’s Form 1 application, as amended, satisfies the requirements of the Act and the rules and regulations thereunder. As described in the Notice, 24X proposes to significantly expand trading outside of regular trading hours 14 for NMS stocks by operating a national securities exchange 23 hours a day, seven days a week, 365 days a year, including holidays, subject to certain pauses.15 In addition, in Amendment No. 1, 24X significantly amended its application for registration as a national securities exchange as originally filed. Therefore, the Commission believes that there is good cause to extend the time for conclusion of the proceedings for 90 days. Accordingly, the Commission, pursuant to Section 19(a)(1)(B) of the Act,16 designates November 29, 2024, as 10 15 U.S.C. 78s(a)(1)(B). 11 Id. 12 Id. 13 See supra note 2. trading hours’’ is defined in Rule 600(b)(77) as ‘‘the time between 9:30 a.m. and 4:00 p.m. Eastern Time.’’ 17 CFR 242.600(b)(88). 15 See proposed 24X Rule 11.1 (describing the hours of trading and trading days for 24X). 16 15 U.S.C. 78s(a)(1)(B). 14 ‘‘Regular PO 00000 Frm 00099 Fmt 4703 Sfmt 4703 the date by which the Commission shall either grant or deny 24X’s Form 1 application. By the Commission. Sherry R. Haywood, Assistant Secretary. [FR Doc. 2024–19944 Filed 9–5–24; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Investment Company Act Release No. 35312; File No. 812–15532] Jefferies Finance LLC, et al. September 3, 2024. Securities and Exchange Commission (‘‘Commission’’ or ‘‘SEC’’). ACTION: Notice. AGENCY: Notice of application for an order under sections 17(d) and 57(i) of the Investment Company Act of 1940 (the ‘‘Act’’) and rule 17d–1 under the Act to permit certain joint transactions otherwise prohibited by sections 17(d) and 57(a)(4) of the Act and rule 17d–1 under the Act. Summary of Application: Applicants request an order to amend a previous order granted by the Commission that permits certain business development companies and closed-end management investment companies to co-invest in portfolio companies with each other and with certain affiliated investment entities. Applicants: Jefferies Finance LLC; Jefferies Credit Management LLC; Jefferies Credit Partners BDC Inc.; Jefferies Credit Partners LLC; Senior Credit Investments, LLC; Apex Credit Partners LLC; Apex Credit Holdings LLC; Apex Credit CLO 2018 Ltd; Apex Credit CLO 2018–II Ltd.; Apex Credit CLO 2019 Ltd.; Apex Credit CLO 2019– II Ltd.; Apex Credit CLO 2020 Ltd.; Apex Credit CLO 2021 Ltd.; Apex Credit CLO 2022–I Ltd.; Apex Credit CLO 2022–II Ltd.; JFIN CLO 2017 Ltd.; JFIN CLO 2017–II Ltd.; JMP Credit Advisors CLO IV Ltd.; JMP Credit Advisors CLO V Ltd.; Apex Credit CLO 2020–II Ltd.; Apex Credit CLO 2021–2 Ltd.; Jefferies Direct Lending Fund LP; Jefferies Direct Lending Fund SPE LLC; Jefferies Direct Lending Offshore Fund LP; Jefferies Direct Lending Offshore Fund B LP; Jefferies Direct Lending Offshore Fund C LP; Jefferies Direct Lending Offshore Fund SPE LLC; Jefferies Direct Lending Offshore Fund C SPE LLC; Jefferies Senior Lending LLC; JCP Direct Lending CLO 2022 LLC; JCP Direct Lending CLO 2023 Ltd.; JCP Direct Lending CLO 2023–1 LLC; JCP Direct Lending CLO E:\FR\FM\06SEN1.SGM 06SEN1 lotter on DSK11XQN23PROD with NOTICES1 Federal Register / Vol. 89, No. 173 / Friday, September 6, 2024 / Notices 2023–1 Ltd; Jefferies Direct Lending Fund II LP; Jefferies Direct Lending Fund II D LP; Jefferies Direct Lending Offshore Fund II LP; Jefferies Direct Lending Offshore Fund II B LP; Jefferies Direct Lending Offshore Fund II C LP; Jefferies Direct Lending Offshore Fund II D LP; Jefferies Direct Lending Fund II SPE LLC; Jefferies Direct Lending Fund II C SPE LLC; Jefferies Direct Lending Offshore Fund II SPE LLC; Jefferies Direct Lending Offshore Fund II C SPE LLC; Jefferies Direct Lending Offshore Fund II D SPE LLC; Jefferies Direct Lending Europe SCSp SICAV–RAIF; JFIN Revolver CLO 2019 Ltd.; JFIN Revolver CLO 2019–II Ltd.; JFIN Revolver CLO 2020 Ltd.; JFIN Revolver Funding 2021 Ltd.; JFIN Revolver CLO 2021–II Ltd.; JFIN Revolver Funding 2021–III Ltd.; JFIN Revolver Funding 2021–IV Ltd.; JFIN Revolver CLO 2021– V Ltd.; JFIN Revolver Fund, L.P.; JFIN Revolver Funding 2022–I Ltd.; JFIN Revolver CLO 2022–II Ltd.; JFIN Revolver CLO 2022–II LLC; JFIN Revolver CLO 2022–III Ltd.; JFIN Revolver CLO 2022–III LLC; JFIN Revolver CLO 2022–IV Ltd.; JFIN Revolver CLO 2022–IV LLC; JFIN Revolver SPE4 2022 LLC; JFIN Revolver SPE4 2022 Ltd.; Massachusetts Mutual Life Insurance Company. Filing Dates: The application was filed on December 8, 2023. 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 September 30, 2024, and should be accompanied by proof of service on the 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. ADDRESSES: The Commission: Secretarys-Office@sec.gov. Applicants: Adam Klepack, Jefferies Finance LLC; 520 Madison Avenue, New York, NY 10022; with copies to: Ryan P. Brizek; VerDate Sep<11>2014 16:42 Sep 05, 2024 Jkt 262001 Simpson Thacher & Bartlett LLP; 900 G Street NW, Washington, DC 20001. FOR FURTHER INFORMATION CONTACT: Terri Jordan, 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’ application, dated December 8, 2023, 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. Sherry R. Haywood, Assistant Secretary. [FR Doc. 2024–20107 Filed 9–5–24; 8:45 am] 72919 Agents, and the relationship between Agents and lenders. The information helps SBA to determine among other things whether borrowers are paying unnecessary, unreasonable or prohibitive fees. Solicitation of Public Comments SBA is requesting comments on (a) Whether the collection of information is necessary for the agency to properly perform its functions; (b) whether the burden estimates are accurate; (c) whether there are ways to minimize the burden, including through the use of automated techniques or other forms of information technology; and (d) whether there are ways to enhance the quality, utility, and clarity of the information. OMB Control Number: 3245–0201. Title: ‘‘Compensation Agreement’’. Form Numbers: 159(7a), 159(504), 159D. Annual Responses: 9,210. Annual Burden: 1,385. Curtis Rich, Agency Clearance Officer. [FR Doc. 2024–20075 Filed 9–5–24; 8:45 am] BILLING CODE 8026–09–P BILLING CODE 8011–01–P DEPARTMENT OF STATE SMALL BUSINESS ADMINISTRATION Data Collection Available for Public Comments 60-Day notice and request for comments. ACTION: The Small Business Administration (SBA) intends to request approval, from the Office of Management and Budget (OMB) for the collection of information described below. The Paperwork Reduction Act (PRA) requires federal agencies to publish a notice in the Federal Register concerning each proposed collection of information before submission to OMB, and to allow 60 days for public comment in response to the notice. This notice complies with that requirement. DATES: Submit comments on or before November 5, 2024. ADDRESSES: Send all comments to Paul Kirwan, Financial Analyst, Office of Credit Risk Management, Small Business Administration. FOR FURTHER INFORMATION CONTACT: Paul Kirwan, Financial Analyst, Office of Credit Risk Management, paul.kirwan@ sba.gov, 202–205–7261, or Curtis B. Rich, Agency Clearance Officer 202– 205–7030, curtis.rich@sba.gov. SUPPLEMENTARY INFORMATION: The information collected is used by SBA to monitor the Agents, fees charged by SUMMARY: PO 00000 Frm 00100 Fmt 4703 Sfmt 4703 [Public Notice: 12524] U.S. Department of State Advisory Committee on Private International Law: Public meeting on the Convention on Choice of Courts Agreement, the Judgments Convention and the Singapore Convention The Department of State’s Advisory Committee on Private International Law (ACPIL) will hold its next meeting at Texas A&M University School of Law in Fort Worth, Texas, on Thursday and Friday, October 24–25, 2024, in a hybrid format, from 9:00 a.m. to 4:00 p.m. The meeting will focus on the Convention of 30 June 2005 on Choice of Court Agreements (‘‘CoCA’’), the Convention of 2 July 2019 on the Recognition and Enforcement of Foreign Judgments in Civil or Commercial Matters (‘‘Judgments Convention’’), and the Convention on International Settlement Agreements Resulting from Mediation (‘‘Singapore Convention’’). To briefly summarize each convention: CoCA seeks to ensure the effectiveness of exclusive choice of court agreements (i.e., forum selection clauses) between parties to international commercial transactions. It requires that (1) the chosen court must hear the case when proceedings are brought before it; (2) any other court before which proceedings are brought must refuse to hear them; and (3) the judgment of the chosen court must be recognized and enforced. E:\FR\FM\06SEN1.SGM 06SEN1

Agencies

[Federal Register Volume 89, Number 173 (Friday, September 6, 2024)]
[Notices]
[Pages 72918-72919]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-20107]


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SECURITIES AND EXCHANGE COMMISSION

[Investment Company Act Release No. 35312; File No. 812-15532]


Jefferies Finance LLC, et al.

September 3, 2024.
AGENCY: Securities and Exchange Commission (``Commission'' or ``SEC'').

ACTION: Notice.

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    Notice of application for an order under sections 17(d) and 57(i) 
of the Investment Company Act of 1940 (the ``Act'') and rule 17d-1 
under the Act to permit certain joint transactions otherwise prohibited 
by sections 17(d) and 57(a)(4) of the Act and rule 17d-1 under the Act.
    Summary of Application: Applicants request an order to amend a 
previous order granted by the Commission that permits certain business 
development companies and closed-end management investment companies to 
co-invest in portfolio companies with each other and with certain 
affiliated investment entities.
    Applicants: Jefferies Finance LLC; Jefferies Credit Management LLC; 
Jefferies Credit Partners BDC Inc.; Jefferies Credit Partners LLC; 
Senior Credit Investments, LLC; Apex Credit Partners LLC; Apex Credit 
Holdings LLC; Apex Credit CLO 2018 Ltd; Apex Credit CLO 2018-II Ltd.; 
Apex Credit CLO 2019 Ltd.; Apex Credit CLO 2019-II Ltd.; Apex Credit 
CLO 2020 Ltd.; Apex Credit CLO 2021 Ltd.; Apex Credit CLO 2022-I Ltd.; 
Apex Credit CLO 2022-II Ltd.; JFIN CLO 2017 Ltd.; JFIN CLO 2017-II 
Ltd.; JMP Credit Advisors CLO IV Ltd.; JMP Credit Advisors CLO V Ltd.; 
Apex Credit CLO 2020-II Ltd.; Apex Credit CLO 2021-2 Ltd.; Jefferies 
Direct Lending Fund LP; Jefferies Direct Lending Fund SPE LLC; 
Jefferies Direct Lending Offshore Fund LP; Jefferies Direct Lending 
Offshore Fund B LP; Jefferies Direct Lending Offshore Fund C LP; 
Jefferies Direct Lending Offshore Fund SPE LLC; Jefferies Direct 
Lending Offshore Fund C SPE LLC; Jefferies Senior Lending LLC; JCP 
Direct Lending CLO 2022 LLC; JCP Direct Lending CLO 2023 Ltd.; JCP 
Direct Lending CLO 2023-1 LLC; JCP Direct Lending CLO

[[Page 72919]]

2023-1 Ltd; Jefferies Direct Lending Fund II LP; Jefferies Direct 
Lending Fund II D LP; Jefferies Direct Lending Offshore Fund II LP; 
Jefferies Direct Lending Offshore Fund II B LP; Jefferies Direct 
Lending Offshore Fund II C LP; Jefferies Direct Lending Offshore Fund 
II D LP; Jefferies Direct Lending Fund II SPE LLC; Jefferies Direct 
Lending Fund II C SPE LLC; Jefferies Direct Lending Offshore Fund II 
SPE LLC; Jefferies Direct Lending Offshore Fund II C SPE LLC; Jefferies 
Direct Lending Offshore Fund II D SPE LLC; Jefferies Direct Lending 
Europe SCSp SICAV-RAIF; JFIN Revolver CLO 2019 Ltd.; JFIN Revolver CLO 
2019-II Ltd.; JFIN Revolver CLO 2020 Ltd.; JFIN Revolver Funding 2021 
Ltd.; JFIN Revolver CLO 2021-II Ltd.; JFIN Revolver Funding 2021-III 
Ltd.; JFIN Revolver Funding 2021-IV Ltd.; JFIN Revolver CLO 2021-V 
Ltd.; JFIN Revolver Fund, L.P.; JFIN Revolver Funding 2022-I Ltd.; JFIN 
Revolver CLO 2022-II Ltd.; JFIN Revolver CLO 2022-II LLC; JFIN Revolver 
CLO 2022-III Ltd.; JFIN Revolver CLO 2022-III LLC; JFIN Revolver CLO 
2022-IV Ltd.; JFIN Revolver CLO 2022-IV LLC; JFIN Revolver SPE4 2022 
LLC; JFIN Revolver SPE4 2022 Ltd.; Massachusetts Mutual Life Insurance 
Company.
    Filing Dates: The application was filed on December 8, 2023.
    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 September 
30, 2024, and should be accompanied by proof of service on the 
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: Adam 
Klepack, Jefferies Finance LLC; 520 Madison Avenue, New York, NY 10022; 
with copies to: Ryan P. Brizek; Simpson Thacher & Bartlett LLP; 900 G 
Street NW, Washington, DC 20001.

FOR FURTHER INFORMATION CONTACT: Terri Jordan, 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' application, 
dated December 8, 2023, 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.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-20107 Filed 9-5-24; 8:45 am]
BILLING CODE 8011-01-P
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