Securities and Exchange Commission April 2014 – Federal Register Recent Federal Regulation Documents

The Securities and Exchange Commission published a document in the Federal Register of April 15, 2014 concerning a Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Amend the Schedule of Fees. The date on which the International Securities Exchange, LLC filed the proposed rule change with the Securities and Exchange Commission was incorrectly stated.

Summary of Application: Applicants request an order that would permit (a) series of certain 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 rather than at net asset value (``NAV''); (c) certain series to pay redemption proceeds, under certain circumstances, more than seven days after 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; (e) certain registered management investment companies and unit investment trusts outside of the same group of investment companies as the series to acquire Shares; and (f) certain series to perform creations and redemptions of Creation Units in-kind in a master-feeder structure. Applicants: ALPS ETF Trust (``Trust''), ALPS Advisors, Inc. (``Current Adviser''), and ALPS Distributors, Inc. and ALPS Portfolio Solutions Distributor, Inc. (collectively, the ``Distributor'').

Summary of Application: Applicants request an order that permits: (a) Actively-managed series of the Trust 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 after the tender of Creation Units 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; (e) certain registered management investment companies and unit investment trusts outside of the same group of investment companies as the series to acquire Shares; and (f) certain series to perform creations and redemptions of Creation Units in-kind in a master-feeder structure.