Securities and Exchange Commission March 4, 2016 – Federal Register Recent Federal Regulation Documents

Charles Schwab Investment Management, Inc., et al.; Notice of Application
Document Number: 2016-04794
Type: Notice
Date: 2016-03-04
Agency: Securities and Exchange Commission, Agencies and Commissions
Summary of Application: Applicants request an order that would permit (a) series of certain open-end management investment companies that track the performance of an index provided by an affiliated person 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: Charles Schwab Investment Management, Inc. (``CSIM'' or ``Current Adviser''), Schwab Strategic Trust (``Trust''), and SEI Investments Distribution Co. (``SEI'' or ``Distributor'').
CLS Investments, LLC, et al.; Notice of Application
Document Number: 2016-04722
Type: Notice
Date: 2016-03-04
Agency: Securities and Exchange Commission, Agencies and Commissions