7646 Federal Register / Vol. 80, No. 28 / Wednesday, February 11, 2015 / Notices 

1The ‘‘Phase I Claimants’’ are Program Suppliers, 

Joint Sports Claimants, Broadcaster Claimants 

Group, Music Claimants (represented by American 

Society of Composers, Authors and Publishers, 

Broadcast Music, Inc., and SESAC, Inc.), and 

Devotional Claimants. In what has become known 

as ‘‘Phase I’’ of a satellite royalty distribution 

proceeding, the Judges allocate royalties among 

certain categories of broadcast programming that 

have been retransmitted by satellite systems. 

Traditionally, the categories seeking satellite 

royalties have been movies and syndicated 

television series, sports programming, commercial 

broadcaster-owned programming, religious 

programming, and music. In Phase II of a satellite 

royalty distribution proceeding, the Judges 

determine how the allocated royalties are to be 

distributed among claimants within each of the 

Phase I categories. 

1–2012 (77 FR 3912, Jan. 25, 2012), and 

29 CFR 1905.11. 

David Michaels, 

Assistant Secretary of Labor for Occupational 

Safety and Health. 

[FR Doc. 2015–02836 Filed 2–10–15; 8:45 am] 

BILLING CODE 4510–26–P 

LIBRARY OF CONGRESS 

Copyright Royalty Board 

[Docket No. 14–CRB–0011–SD (2013)] 

Distribution of 2013 Satellite Royalty 

Funds 

AGENCY: Copyright Royalty Board, 

Library of Congress. 

ACTION: Notice requesting comments. 

SUMMARY: The Copyright Royalty Judges 

solicit comments on a motion of Phase 

I claimants for partial distribution of 

2013 satellite royalty funds. 

DATES: Comments are due on or before 

March 13, 2015. 

ADDRESSES: Interested parties may 

submit comments electronically to crb@

loc.gov. In the alternative, interested 

parties may send an original, five 

copies, and an electronic copy on a CD 

either by mail or hand delivery. 

Commenters shall not use multiple 

means of transmission. Interested 

parties may not deliver comments by an 

overnight delivery service other than the 

U.S. Postal Service Express Mail. If 

commenters use U.S. mail (including 

overnight delivery), the appropriate 

address is: Copyright Royalty Board, 

P.O. Box 70977, Washington, DC 20024– 

0977. If a private party delivers 

comments by hand, they must be 

brought to the Library of Congress, 

James Madison Memorial Building, LM– 

401, 101 Independence Avenue SE., 

Washington, DC 20559–6000. If a party 

delivers comments by a commercial 

courier, the comments must go to the 

Congressional Courier Acceptance Site 

located at 2nd and D Street NE., 

Washington, DC, in an envelope 

addressed to: Copyright Royalty Board, 

Library of Congress, James Madison 

Memorial Building, LM–403, 101 

Independence Avenue SE., Washington, 

DC 20559–6000. 

FOR FURTHER INFORMATION CONTACT: 

Lakeshia Keys, Program Specialist, by 

telephone at (202) 707–7658 or email at 

crb@loc.gov. 

SUPPLEMENTARY INFORMATION: Each year 

satellite systems must submit royalty 

payments to the Register of Copyrights 

as required by the statutory license set 

forth in section 119 of the Copyright Act 

for the retransmission to satellite 

subscribers of over-the-air television 

broadcast signals. See 17 U.S.C. 119(b). 

The Copyright Royalty Judges (Judges) 

oversee distribution of royalties to 

copyright owners whose works were 

included in a qualifying transmission 

and who timely filed a claim for 

royalties. Allocation of the royalties 

collected occurs in one of two ways. In 

the first instance, the Judges may 

authorize distribution in accordance 

with a negotiated settlement among all 

claiming parties. 17 U.S.C. 119(b)(5)(A), 

801(b)(3)(A). If all claimants do not 

reach an agreement with respect to the 

royalties, the Judges must conduct a 

proceeding to determine the distribution 

of any royalties that remain in 

controversy. 17 U.S.C. 119(b)(5)(B), 

801(b)(3)(B). Alternatively, the Judges 

may, on motion of claimants and on 

notice to all interested parties, authorize 

a partial distribution of royalties, 

reserving on deposit sufficient funds to 

resolve identified disputes. 17 U.S.C. 

119(b)(5)(C), 801(b)(3)(C). 

On January 21, 2015, representatives 

of the Phase I claimant categories (the 

‘‘Phase I Claimants’’) 1 filed with the 

Judges a motion requesting a partial 

distribution amounting to 60% of the 

2013 satellite royalty funds pursuant to 

section 801(b)(3)(C) of the Copyright 

Act. 17 U.S.C. 801(b)(3)(C). That section 

requires that, before ruling on the 

motion, the Judges publish a notice in 

the Federal Register seeking responses 

to the motion for partial distribution to 

ascertain whether any claimant entitled 

to receive the subject royalties has a 

reasonable objection to the requested 

distribution. Accordingly, this Notice 

seeks comments from interested 

claimants on whether any reasonable 

objection exists that would preclude the 

distribution of 60% of the 2013 satellite 

royalty funds to the Phase I Claimants. 

Parties making objection to the partial 

distribution must advise the Judges of 

the existence and extent of all their 

objections by the end of the comment 

period. The Judges will not consider any 

objections with respect to the partial 

distribution motion that come to their 

attention after the close of the comment 

period. 

The Judges have caused the Motion of 

the Phase I Claimants for Partial 

Distribution to be posted on the 

Copyright Royalty Board Web site at 

http://www.loc.gov/crb. 

Dated: February 5, 2015. 

Suzanne M. Barnett, 

Chief U.S. Copyright Royalty Judge. 

[FR Doc. 2015–02777 Filed 2–10–15; 8:45 am] 

BILLING CODE 1410–72–P 

NATIONAL CREDIT UNION 

ADMINISTRATION 

Sunshine Act: Notice of Agency 

Meeting 

TIME AND DATE: 10:00 a.m., Thursday, 

February 19, 2015. 

PLACE: Board Room, 7th Floor, Room 

7047,1775 Duke Street (All visitors must 

use Diagonal Road Entrance), 

Alexandria, VA 22314–3428. 

STATUS: Open. 

MATTERS TO BE CONSIDERED: 

1. NCUA’s Rules and Regulations, 

Regulatory Flexibility Act Definition of 

Small Entity for Consideration of 

Regulatory Relief. 

2. Taunton Federal Credit Union 

(Taunton, MA), Request to Expand 

Community Charter. 

3. National Credit Union Share 

Insurance Fund Quarterly Report. 

FOR FURTHER INFORMATION CONTACT: 

Gerard Poliquin, Secretary of the Board, 

Telephone: 703–518–6304. 

Gerard Poliquin, 

Secretary of the Board. 

[FR Doc. 2015–02955 Filed 2–9–15; 4:15 pm] 

BILLING CODE 7535–01–P 

POSTAL SERVICE 

International Product Change—Priority 

Mail International Regional Rates 

Boxes Contracts 

AGENCY: Postal ServiceTM. 

ACTION: Notice. 

SUMMARY: The Postal Service gives 

notice of filing a request with the Postal 

Regulatory Commission to add Priority 

Mail International Regional Rates Boxes 

Contracts to the Competitive Products 

List. 

DATES: Effective date: February 11, 2015. 

FOR FURTHER INFORMATION CONTACT: 

Sylvia Baylis, 202–268–6464. 


tkelley on DSK3SPTVN1PROD with NOTICES
Federal Register / Vol. 80, No. 28 / Wednesday, February 11, 2015 / Notices 7647 

1Applicants request that the relief apply to 

applicants, as well as to any future Series and any 

other existing or future registered open-end 

management investment company or series thereof 

that is advised by the Adviser, uses the multimanager structure described in the application, and 

complies with the terms and conditions of the 

application (‘‘Subadvised Series’’). All registered 

open-end investment companies that currently 

intend to rely on the requested order are named as 

applicants. Any entity that relies on the requested 

order will do so only in accordance with the terms 

and conditions contained in the application. If the 

name of any Subadvised Series contains the name 

of a sub-adviser, then the name of the Adviser that 

serves as the primary adviser to the Subadvised 

Series, or a trademark or trade name that is owned 

by or publicly used to identify that Adviser, will 

precede the name of the sub-adviser. 

2Each Adviser is, or will be, registered with the 

Commission as an investment adviser under the 

Advisers Act. For purposes of the requested order, 

‘‘successor’’ is limited to an entity that results from 

a reorganization into another jurisdiction or a 

change in the type of business organization. 

3The term ‘‘Board’’ also includes the board of 

trustees or directors of a future Subadvised Series. 

4A ‘‘Sub-Adviser’’ for a Subadvised Series is (a) 

an indirect or direct ‘‘wholly-owned subsidiary’’ (as 

such term is defined in the Act) of the Adviser for 

that Series; (b) a sister company of the Adviser for 

that Series that is an indirect or direct ‘‘whollyowned subsidiary’’ (as such term is defined in the 

Act) of the same company that, indirectly or 

directly, wholly owns the Adviser (each of (a) and 

(b), a ‘‘Wholly-Owned Sub-Adviser’’ and 

collectively, the ‘‘Wholly-Owned Sub-Advisers’’), 

or (c) an investment sub-adviser for that Series that 

is not an ‘‘affiliated person’’ (as such term is defined 

in section 2(a)(3) of the Act) of the Series or the 

Adviser, except to the extent that an affiliation 

arises solely because the sub-adviser serves as a 

Continued 

SUPPLEMENTARY INFORMATION: The 

United States Postal Service® hereby 

gives notice that, pursuant to 39 U.S.C. 

3642, on February 4, 2015, it filed with 

the Postal Regulatory Commission a 

Request of the United States Postal 

Service to Add Priority Mail 

International Regional Rate Boxes 

Contracts to the Competitive Products 

List, and Notice of Filing (Under Seal) 

of Contract and Application for NonPublic Treatment of Materials Filed 

Under Seal. Documents are available at 

www.prc.gov, Docket Nos. MC2015–31 

and CP2015–40. 

Stanley F. Mires, 

Attorney, Federal Requirements. 

[FR Doc. 2015–02742 Filed 2–10–15; 8:45 am] 

BILLING CODE 7710–12–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Investment Company Act Release No. 

31447; File No. 812–14351] 

The Saratoga Advantage Trust and 

James Alpha Management, LLC; 

Notice of Application 

February 5, 2015. 

AGENCY: Securities and Exchange 

Commission (‘‘Commission’’). 

ACTION: Notice of an application under 

section 6(c) of the Investment Company 

Act of 1940 (‘‘Act’’) for an exemption 

from section 15(a) of the Act and rule 

18f–2 under the Act, as well as from 

certain disclosure requirements. 

Summary of Application: Applicants 

request an order that would permit them 

to enter into and materially amend 

subadvisory agreements with WhollyOwned Sub-Advisers (as defined below) 

and non-affiliated sub-advisers without 

shareholder approval and would grant 

relief from certain disclosure 

requirements. 

Applicants: The Saratoga Advantage 

Trust (‘‘Trust’’), and James Alpha 

Management, LLC (‘‘Adviser’’). 

DATES: Filing Dates: The application was 

filed on August 19, 2014, and amended 

on December 12, 2014 and on January 

23, 2015. 

Hearing or Notification of Hearing: An 

order granting the application will be 

issued unless the Commission orders a 

hearing. Interested persons may request 

a hearing by writing to the 

Commission’s Secretary and serving 

applicants with a copy of the request, 

personally or by mail. Hearing requests 

should be received by the Commission 

by 5:30 p.m. on March 2, 2015, and 

should be accompanied by proof of 

service on 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 

writing to the Commission’s Secretary. 

ADDRESSES: Secretary, U.S. Securities 

and Exchange Commission, 100 F Street 

NE., Washington, DC 20549–1090. 

Applicants: Michael W. Mundt, 

Stradley, Ronon Stevens & Young, 2600 

One Commerce Square, Philadelphia, 

PA 19103–7098. 

FOR FURTHER INFORMATION CONTACT: 

Emerson S. Davis, Senior Counsel, at 

(202) 551–6868, or Daniele Marchesani, 

Branch Chief, at (202) 551–6821 

(Division of Investment Management, 

Chief Counsel’s Office). 

SUPPLEMENTARY INFORMATION: The 

following is a summary of the 

application. The complete application 

may be obtained via the Commission’s 

Web site by searching for the file 

number or an applicant using the 

‘‘Company’’ name box, at http://

www.sec.gov/search/search.htm or by 

calling (202) 551–8090. 

Applicants’ Representations 

1. The Trust is organized as a 

Delaware statutory trust and is 

registered under the Act as an open-end 

management investment company. The 

Trust currently consists of fifteen series 

(‘‘Series’’), each with its own distinct 

investment objective, policies and 

restrictions. The Adviser is a Delaware 

limited liability company and is 

registered as an investment adviser 

under the Investment Advisers Act of 

1940 (‘‘Advisers Act’’).1

2. Each Series has or will have, as its 

investment adviser, the Adviser, or an 

entity controlling, controlled by or 

under common control with the Adviser 

or its successors (included in the term, 

the ‘‘Adviser’’).2 The Adviser serves or 

will serve as the investment adviser to 

each Subadvised Series (as defined 

below) pursuant to an investment 

advisory agreement with the Trust 

(‘‘Investment Management Agreement’’). 

Each Investment Management 

Agreement has been or will be approved 

by the board of trustees of the Trust 

(‘‘Board’’),3 including a majority of the 

members of the Board who are not 

‘‘interested persons,’’ as defined in 

section 2(a)(19) of the Act, of the 

Subadvised Series or the Adviser 

(‘‘Independent Board Members’’) and by 

the shareholders of the relevant 

Subadvised Series as required by 

sections 15(a) and 15(c) of the Act and 

rule 18f–2 thereunder. The terms of the 

Investment Management Agreements 

comply or will comply with section 

15(a) of the Act. 

3. Under the terms of each Investment 

Management Agreement, the Adviser, 

subject to the supervision of the Board, 

will provide continuous investment 

management of the assets of each Series. 

The Adviser will periodically review a 

Series’ investment policies and 

strategies, and based on the need of a 

particular Series may recommend 

changes to the investment policies and 

strategies of the Series for consideration 

by the Board. For its services to each 

Series under the applicable Investment 

Management Agreement, the Adviser 

will receive an investment management 

fee from that Series. Each Investment 

Management Agreement provides or 

will provide that the Adviser may, 

subject to the approval of the Board, 

including a majority of the Independent 

Board Members, and the shareholders of 

the applicable Subadvised Series (if 

required), delegate portfolio 

management responsibilities of all or a 

portion of the assets of a Subadvised 

Series to one or more Sub-Advisers.4


tkelley on DSK3SPTVN1PROD with NOTICES