Securities and Exchange Commission 2013 – Federal Register Recent Federal Regulation Documents

Summary of Application: Applicants request an order that permits: (a) Series of certain actively managed open-end management investment companies to issue shares (``Shares'') redeemable in large aggregations only (``Creation Units''); (b) secondary market transactions in Shares to occur at negotiated market prices; (c) certain series to pay redemption proceeds, under certain circumstances, more than seven days from the tender of Shares for redemption; (d) certain affiliated persons of the series to deposit securities into, and receive securities from, the series in connection with the purchase and redemption of Creation Units; and (e) certain registered management investment companies and unit investment trusts outside of the same group of investment companies as the series to acquire Shares.

This notice announces the change of location of the May 14, 2013, Credit Ratings Roundtable that was published in the April 29, 2013 Federal Register (78 FR 25101 through 25102). The new location of the roundtable discussion is Room L-002 (the Auditorium) at the Securities and Exchange Commission's headquarters located at 100 F Street NE., in Washington, DC 20549. The public is invited to observe the roundtable discussion. Seating will be available on a first-come, first-served basis. The roundtable discussion also will be available via webcast on the Commission's Web site at www.sec.gov.

Summary of Application: The requested order would exempt the applicant, Beverly Hills Bancorp Inc. (``BHBC''), from certain provisions of the Act until the earlier of one year from the date of the requested order or such time as BHBC would no longer be required to register as an investment company under the Act. The requested exemption would extend an exemption originally granted until May 15, 2013.\1\