Federal Register / Vol. 75, No. 98 / Friday, May 21, 2010 / Notices 28667 

but for the fact that the Funds of Funds 

may invest a portion of their assets in 

Other Investments. Applicants request 

an order under section 6(c) of the Act 

for an exemption from rule 12d1–2(a) to 

allow the Funds of Funds to invest in 

Other Investments. Applicants assert 

that permitting the Funds of Funds to 

invest in Other Investments as described 

in the application would not raise any 

of the concerns that the requirements of 

section 12(d)(1) were designed to 

address. 

Applicants’ Condition 

Applicants agree that the order 

granting the requested relief will be 

subject to the following condition: 

Applicants will comply with all 

provisions of rule 12d1–2 under the Act, 

except for paragraph (a)(2) to the extent 

that it restricts any Fund of Funds from 

investing in Other Investments as 

described in the application. 

For the Commission, by the Division of 

Investment Management, under delegated 

authority. 

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. 2010–12260 Filed 5–20–10; 8:45 am] 

BILLING CODE 8010–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–62115; File No. 4–602] 

Market Structure Roundtable 

AGENCY: Securities and Exchange 

Commission. 

ACTION: Notice of roundtable discussion; 

request for comment. 

SUMMARY: The Securities and Exchange 

Commission will host a one-day 

roundtable to solicit the views of 

investors, issuers, exchanges, alternative 

trading systems, financial services firms, 

high frequency traders, and the 

academic community regarding the 

current securities market structure. The 

roundtable will focus on market 

structure performance, including the 

events of May 6, metrics for evaluating 

market structure performance, high 

frequency trading, and undisplayed 

liquidity. 

The roundtable discussion will be 

held in the auditorium of the Securities 

and Exchange Commission headquarters 

at 100 F Street, NE., in Washington, DC 

on June 2, 2010 from 9:30 a.m. to 

approximately 4:30 p.m. 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 http:// 

www.sec.gov. 

The roundtable will consist of a series 

of panels. Panelists will consider a 

range of market structure topics, such as 

the appropriate metrics for assessing the 

performance and fairness of the market 

structure, particularly in light of the 

extraordinary price volatility of May 6. 

Panelists also will analyze the tools and 

strategies of high frequency trading and 

the role of undisplayed liquidity in 

today’s market structure. 

DATES: The roundtable discussion will 

take place on June 2, 2010. The 

Commission will accept comments 

regarding issues addressed at the 

roundtable until June 23, 2010. 

ADDRESSES: Comments may be 

submitted by any of the following 

methods: 

Electronic Comments 

• Use the Commission’s Internet 

comment form (http://www.sec.gov/ 

rules/other.shtml); or 

• Send an e-mail to rulecomments@sec.gov. Please include File 

Number 4–602 on the subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Elizabeth M. Murphy, Secretary, 

Securities and Exchange Commission, 

100 F Street, NE., Washington, DC 

20549–1090. 

All submissions should refer to File 

Number 4–602. This file number should 

be included on the subject line if e-mail 

is used. To help us process and review 

your comments more efficiently, please 

use only one method. The Commission 

will post all comments on the 

Commission’s Internet Web site (http:// 

www.sec.gov). Comments are also 

available for Web site viewing and 

printing in the Commission’s Public 

Reference Room, 100 F Street, NE., 

Washington, DC 20549, on official 

business days between the hours of 10 

a.m. and 3 p.m. All comments received 

will be posted without change; we do 

not edit personal identifying 

information from submissions. You 

should submit only information that 

you wish to make available publicly. 

FOR FURTHER INFORMATION CONTACT: 

Arisa Tinaves, Special Counsel, at (202) 

551–5676 or Gary M. Rubin, Attorney, at 

(202) 551–5669, Division of Trading and 

Markets, Securities and Exchange 

Commission, 100 F Street, NE., 

Washington, DC 20549–7010. 

By the Commission. 

Dated: May 18, 2010. 

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. 2010–12303 Filed 5–20–10; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 334–62114; File No. 265–26– 

01] 

COMMODITY FUTURES TRADING 

COMMISSION 

Joint CFTC–SEC Advisory Committee 

on Emerging Regulatory Issues 

AGENCIES: Securities and Exchange 

Commission (‘‘SEC’’) and Commodity 

Futures Trading Commission (‘‘CFTC’’) 

(each, an ‘‘Agency,’’ and collectively, 

‘‘Agencies’’). 

ACTION: Notice of meeting of Joint 

CFTC–SEC Advisory Committee on 

Emerging Regulatory Issues. 

SUMMARY: The Joint CFTC–SEC 

Advisory Committee on Emerging 

Regulatory Issues is providing notice 

that it will hold a public meeting on 

Monday, May 24, 2010, in the 

Auditorium, Room L–002, at the SEC’s 

main offices, 100 F Street, NE., 

Washington, DC. The meeting will begin 

at 9 a.m. (EST) and will be open to the 

public. The Committee meeting will be 

Webcast on the SEC’s Web site at 

http://www.sec.gov. Persons needing 

special accommodations to take part 

because of a disability should notify a 

contact person listed below. The public 

is invited to submit written statements 

to the Committee. 

The agenda for the meeting includes: 

(i) Opening remarks; (ii) the 

introduction of Committee members, 

(iii) discussion of Committee agenda 

and organization; (iv) discussion of the 

Joint CFTC–SEC report on the market 

events of May 6, 2010; and (v) 

discussion of next steps and closing 

comments. 

Pursuant to 41 CFR 102–3.150(b), the 

Agencies are providing less than fifteen 

days notice of the meeting so that 

Committee members can quickly begin 

to conduct a review of the market events 

of May 6, 2010, and make 

recommendations related to market 

structure issues that may have 

contributed to the volatility, as well as 

disparate trading conventions and rules 

across various markets. 

DATES: Written statements should be 

received on or before noon on Friday, 

May 21, 2010. 

ADDRESSES: Because the Agencies will 

jointly review all comments submitted, 


emcdonald on DSK2BSOYB1PROD with NOTICES
28668 Federal Register / Vol. 75, No. 98 / Friday, May 21, 2010 / Notices 

interested parties may send comments 

to either Agency and need not submit 

responses to both Agencies. 

Respondents are encouraged to use the 

title ‘‘Joint CFTC–SEC Advisory 

Committee’’ to facilitate the organization 

and distribution of comments between 

the Agencies. Interested parties are 

invited to submit responses to: 

Securities and Exchange Commission: 

Written comments may be submitted by 

the following methods: 

Electronic Comments 

• Use the SEC’s Internet submission 

form (http://www.sec.gov/rules/ 

other.shtml); or 

• Send an e-mail to rulecomments@sec.gov. 

Please include File No. 265–26–01 on 

the subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Elizabeth M. Murphy, Secretary, 

Securities and Exchange Commission, 

100 F St., NE., Washington 20549. All 

submissions should refer to File No. 

265–26–01. 

To help the SEC process and review 

your comments more efficiently, please 

use only one method. The SEC staff will 

post all comments on the SEC’s Internet 

Web site (http://www.sec.gov/rules/ 

other.shtml). Comments will also be 

available for Web site viewing and 

printing in the SEC’s Public Reference 

Room, 100 F St., NE., Washington DC 

20549, on official business days 

between the hours of 10 a.m. and 3 p.m. 

All comments received will be posted 

without change; we do not edit personal 

identifying information from your 

submissions. You should submit only 

information that you wish to make 

available publicly. 

Commodity Futures Trading 

Commission: 

• Written comments may be mailed to 

the Commodity Futures Trading 

Commission, Three Lafayette Centre, 

1155 21st Street, NW., Washington, DC 

20581, Attention: Office of the 

Secretary; transmitted by facsimile to 

the CFTC at (202) 418–5521; or 

transmitted electronically to 

Jointcommittee@cftc.gov. Reference 

should be made to ‘‘Joint CFTC–SEC 

Advisory Committee.’’ 

FOR FURTHER INFORMATION CONTACT: 

Ronesha Butler, Special Counsel, at 

(202) 551–5629, Division of Trading and 

Markets, or Elizabeth M. Murphy, 

Committee Management Officer, at (202) 

551–5400, Securities and Exchange 

Commission, 100 F St., NE., Washington 

DC 20549, or Martin White, Committee 

Management Officer, at (202) 418–5129, 

Commodity Futures Trading 

Commission, Three Lafayette Centre, 

1155 21st Street, NW., Washington, DC 

20581. 

SUPPLEMENTARY INFORMATION: In 

accordance with Section 10(a) of the 

Federal Advisory Committee Act, 5 

U.S.C. App. 1, § 10(a), James R. Burns 

and Timothy Karpoff, each CoDesignated Federal Officer of the 

Committee, acting jointly, have 

approved publication of this notice. 

Dated: May 18, 2010. 

By the Securities and Exchange 

Commission. 

Elizabeth M. Murphy, 

Committee Management Officer. 

By the Commodity Futures Trading 

Commission. 

Martin White, 

Committee Management Officer. 

[FR Doc. 2010–12301 Filed 5–20–10; 8:45 am] 

BILLING CODE P 

SECURITIES AND EXCHANGE 

COMMISSION 

Sunshine Act Meeting 

Notice is hereby given, pursuant to 

the provisions of the Government in the 

Sunshine Act, Public Law 94–409, that 

the Securities and Exchange 

Commission will hold an Open Meeting 

on May 26, 2010 at 10 a.m., in the 

Auditorium, Room L–002. 

The subject matter of the Open 

Meeting will be: 

Item 1: The Commission will consider 

whether to propose new Rule 613 of 

Regulation NMS that would require 

national securities exchanges and 

national securities associations to act 

jointly in developing a national market 

system plan to create, implement, and 

maintain a consolidated audit trail that 

would capture customer and order event 

information, mostly in real time, for all 

orders in NMS securities, across all 

markets, from the time of order 

inception through routing, cancellation, 

modification, or execution. 

Item 2: The Commission will consider 

a recommendation to adopt 

amendments to Rule 15c2–12 under the 

Securities Exchange Act of 1934, a rule 

pertaining to municipal securities 

disclosure. The Commission will also 

consider related interpretive guidance to 

assist brokers, dealers and municipal 

securities dealers in meeting their 

obligations under the antifraud 

provisions of the federal securities laws. 

At times, changes in Commission 

priorities require alterations in the 

scheduling of meeting items. 

For further information and to 

ascertain what, if any, matters have been 

added, deleted or postponed, please 

contact: 

The Office of the Secretary at (202) 

551–5400. 

Dated: May 18, 2010. 

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. 2010–12369 Filed 5–19–10; 4:15 pm] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Sunshine Act Meetings 

Notice is hereby given, pursuant to 

the provisions of the Government in the 

Sunshine Act, Public Law 94–409, that 

the Securities and Exchange 

Commission will hold Closed Meetings 

on Tuesday, May 25, 2010 and 

Thursday, May 27, 2010 at 2 p.m., 

respectively. 

Commissioners, Counsel to the 

Commissioners, the Secretary to the 

Commission, and recording secretaries 

will attend the Closed Meetings. Certain 

staff members who have an interest in 

the matters also may be present. 

The General Counsel of the 

Commission, or his designee, has 

certified that, in his opinion, one or 

more of the exemptions set forth in 5 

U.S.C. 552b(c)(3), (5), (7), 9(B) and (10) 

and 17 CFR 200.402(a)(3), (5), (7), 9(ii) 

and (10), permit consideration of the 

scheduled matters at the Closed 

Meetings. 

Commissioner Aguilar, as duty 

officer, voted to consider the items 

listed for the Closed Meetings in a 

closed session, and determined that no 

earlier notice of thereof was possible. 

The subject matter of the Closed 

Meeting scheduled for Tuesday, May 25, 

2010 will be: 

Institution and settlement of 

injunctive actions; 

Institution and settlement of 

administrative proceedings; 

An adjudicatory matter; and 

Other matters relating to enforcement 

proceedings. 

The subject matter of the Closed 

Meeting scheduled for Thursday, May 

27, 2010 will be: 

Institution and settlement of 

injunctive actions; 

Institution and settlement of 

administrative proceedings; 

Consideration of amicus participation; 

and 

Other matters relating to enforcement 

proceedings. 

At times, changes in Commission 

priorities require alterations in the 

scheduling of meeting items. 

For further information and to 

ascertain what, if any, matters have 


emcdonald on DSK2BSOYB1PROD with NOTICES