Federal Register / Vol. 87, No. 15 / Monday, January 24, 2022 / Notices 3615 

12 15 U.S.C. 78s(b)(3)(A). 

13 17 CFR 240.19b–4(f). 14 17 CFR 200.30–3(a)(12). 

External Distributors to be greater than 

those currently charged to subscribe to 

the Cboe One Premium feed. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

The Exchange does not believe that 

the proposed rule change would result 

in any burden on competition that is not 

necessary or appropriate in furtherance 

of the purposes of the Act. The 

Exchange operates in a highly 

competitive environment, and its ability 

to price these data products is 

constrained by competition among 

exchanges that offer similar data 

products to their customers. The 

Exchange believes that the proposed 

fees do not put any market participants 

at a relative disadvantage compared to 

other market participants. As discussed, 

the proposed credits would apply to all 

External Distributors Cboe One 

Premium and BZX Depth on an equal 

and non-discriminatory basis. Further, 

the Exchange believes that the proposed 

fees do not impose a burden on 

competition or on other SROs that is not 

necessary or appropriate in furtherance 

of the purposes of the Act. As discussed 

above, the proposed amendments are 

designed to enhance competition by 

providing an incentive to new 

Distributors to enlist new subscribers. 

C. Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants, or Others 

The Exchange neither solicited nor 

received comments on the proposed 

rule change. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

The foregoing rule change has become 

effective pursuant to Section 19(b)(3)(A) 

of the Act 12 and paragraph (f) of Rule 

19b–4 13 thereunder. At any time within 

60 days of the filing of the proposed rule 

change, the Commission summarily may 

temporarily suspend such rule change if 

it appears to the Commission that such 

action is necessary or appropriate in the 

public interest, for the protection of 

investors, or otherwise in furtherance of 

the purposes of the Act. If the 

Commission takes such action, the 

Commission will institute proceedings 

to determine whether the proposed rule 

change should be approved or 

disapproved. 

IV. Solicitation of Comments 

Interested persons are invited to 

submit written data, views, and 

arguments concerning the foregoing, 

including whether the proposed rule 

change is consistent with the Act. 

Comments may be submitted by any of 

the following methods: 

Electronic Comments 

• Use the Commission’s internet 

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

rules/sro.shtml); or 

• Send an email to rule-comments@

sec.gov. Please include File Number 

SR–CboeBZX–2022–001 on the subject 

line. 

Paper Comments 

• Send paper comments in triplicate 

to Secretary, Securities and Exchange 

Commission, 100 F Street NE, 

Washington, DC 20549–1090. 

All submissions should refer to File 

Number SR–CboeBZX–2022–001. This 

file number should be included on the 

subject line if email is used. To help the 

Commission process and review your 

comments more efficiently, please use 

only one method. The Commission will 

post all comments on the Commission’s 

internet website (http://www.sec.gov/ 

rules/sro.shtml). Copies of the 

submission, all subsequent 

amendments, all written statements 

with respect to the proposed rule 

change that are filed with the 

Commission, and all written 

communications relating to the 

proposed rule change between the 

Commission and any person, other than 

those that may be withheld from the 

public in accordance with the 

provisions of 5 U.S.C. 552, will be 

available for website 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 

10:00 a.m. and 3:00 p.m. Copies of the 

filing also will be available for 

inspection and copying at the principal 

office of the Exchange. All comments 

received will be posted without change. 

Persons submitting comments are 

cautioned that we do not redact or edit 

personal identifying information from 

comment submissions. You should 

submit only information that you wish 

to make available publicly. All 

submissions should refer to File 

Number SR–CboeBZX–2022–001 and 

should be submitted on or before 

February 14, 2022. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.14

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2022–01225 Filed 1–21–22; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Sunshine Act Meetings 

TIME AND DATE: 2:00 p.m. on Thursday, 

January 27, 2022. 

PLACE: The meeting will be held via 

remote means and/or at the 

Commission’s headquarters, 100 F 

Street NE, Washington, DC 20549. 

STATUS: This meeting will be closed to 

the public. 

MATTERS TO BE CONSIDERED: 

Commissioners, Counsel to the 

Commissioners, the Secretary to the 

Commission, and recording secretaries 

will attend the closed meeting. Certain 

staff members who have an interest in 

the matters also may be present. 

In the event that the time, date, or 

location of this meeting changes, an 

announcement of the change, along with 

the new time, date, and/or place of the 

meeting will be posted on the 

Commission’s website at https://

www.sec.gov. 

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), (6), (7), (8), 9(B) 

and (10) and 17 CFR 200.402(a)(3), 

(a)(5), (a)(6), (a)(7), (a)(8), (a)(9)(ii) and 

(a)(10), permit consideration of the 

scheduled matters at the closed meeting. 

The subject matter of the closed 

meeting will consist of the following 

topics: Institution and settlement of 

injunctive actions; Institution and 

settlement of administrative 

proceedings; Resolution of litigation 

claims; and Other matters relating to 

examinations and enforcement 

proceedings. 

At times, changes in Commission 

priorities require alterations in the 

scheduling of meeting agenda items that 

may consist of adjudicatory, 

examination, litigation, or regulatory 

matters. 

CONTACT PERSON FOR MORE INFORMATION: 

For further information; please contact 

Vanessa A. Countryman from the Office 

of the Secretary at (202) 551–5400. 

Authority: 5 U.S.C. 552b. 


jspears on DSK121TN23PROD with NOTICES1
3616 Federal Register / Vol. 87, No. 15 / Monday, January 24, 2022 / Notices 

1 ‘‘Regulated Funds’’ means the Company, any 

Future Regulated Funds and any BDC Downstream 

Funds (defined below). ‘‘Future Regulated Fund’’ 

means any closed-end management investment 

company (a) that is registered under the Act or has 

elected to be regulated as a BDC, (b) whose 

investment adviser (and sub-adviser(s), if any) is an 

Adviser and (c) that intends to participate in the CoInvestment Program. ‘‘Adviser’’ means any Existing 

Advisers (defined below), together with any future 

investment adviser that intends to participate in the 

Co-Investment Program (defined below) and (i) 

controls, is controlled by or is under common 

control with an Existing Adviser, (ii)(a) is registered 

as an investment adviser under the Advisers Act, 

or (b) is a relying adviser of an investment adviser 

that is registered under the Advisers Act and that 

controls, is controlled by or is under common 

control with an Existing Adviser and (iii) is not a 

Regulated Fund or a subsidiary of a Regulated 

Fund. ‘‘Co-Investment Program’’ means the 

proposed co-investment program that would permit 

one or more Regulated Funds and/or one or more 

Affiliated Funds (defined below) to participate in 

the same investment opportunities where such 

participation would otherwise be prohibited under 

Section 57(a)(4) and Rule 17d–1 by (a) co-investing 

with each other in securities issued by issuers in 

private placement transactions in which an Adviser 

negotiates terms in addition to price; and (b) 

making Follow-On Investments (defined below). 

The term ‘‘private placement transactions’’ means 

transactions in which the offer and sale of securities 

by the issuer are exempt from registration under the 

Securities Act of 1933 (the ‘‘Securities Act’’). 

‘‘Existing Advisers’’ means Management, SPC, 

Specialty Credit II Management, Silver Star 

Management, Funding Management and Distressed 

Opportunities Management. 

2 ‘‘Affiliated Fund’’ means the Existing Affiliated 

Funds and any Future Affiliated Funds. No Existing 

Affiliated Fund is a BDC Downstream Fund. ‘‘BDC 

Downstream Fund’’ means, with respect to the 

Company or any Regulated Fund that is a BDC, an 

entity (i) that the BDC directly or indirectly 

controls, (ii) that is not controlled by any person 

other than the BDC (except a person that indirectly 

controls the entity solely because it controls the 

BDC), (iii) that would be an investment company 

but for Section 3(c)(1) or 3(c)(7) of the Act, (iv) 

whose investment adviser (and sub-adviser(s), if 

any) is an Adviser, (v) that is not a Wholly-Owned 

Investment Sub and (vi) that intends to participate 

in the Co-Investment Program. 

3All existing entities that currently intend to rely 

on the Order have been named as Applicants and 

any existing or future entities that may rely on the 

Order in the future will comply with its terms and 

Conditions set forth in the application. 

Dated: January 20, 2022. 

Vanessa A. Countryman, 

Secretary. 

[FR Doc. 2022–01446 Filed 1–20–22; 4:15 pm] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Investment Company Act Release No. 

34472; File No. 812–14556] 

Silver Point Specialty Lending Fund, et 

al.; Notice of Application 

January 19, 2022. 

AGENCY: Securities and Exchange 

Commission (‘‘Commission’’). 

ACTION: Notice of application for an 

order under sections 17(d) and 57(i) of 

the Investment Company Act of 1940 

(the ‘‘Act’’) and rule 17d–1 under the 

Act to permit certain joint transactions 

otherwise prohibited by sections 17(d) 

and 57(a)(4) of the Act and rule 17d–1 

under the Act. 

SUMMARY OF APPLICATION: Applicants 

request an order to permit certain 

business development companies 

(‘‘BDCs’’) and closed-end management 

investment companies to co-invest in 

portfolio companies with each other and 

with affiliated investment funds. 

APPLICANTS: Silver Point Specialty 

Lending Fund (the ‘‘Company’’), Silver 

Point Specialty Credit Fund 

Management, LLC (‘‘Management’’), 

Silver Point Capital, L.P. (‘‘SPC’’), Silver 

Point Capital Offshore Fund, Ltd., Silver 

Point Capital Offshore Master Fund, 

L.P., Silver Point Capital, L.P., Silver 

Point Distressed Opportunities Fund, 

L.P., Silver Point Distressed 

Opportunities Offshore Master Fund, 

L.P., Silver Point Distressed 

Opportunities Offshore Fund, L.P., 

Silver Point Distressed Opportunity 

Institutional Partners (Offshore), L.P., 

Silver Point Distressed Opportunity 

Institutional Partners, L.P., Silver Point 

Distressed Opportunity Institutional 

Partners Master Fund (Offshore), L.P., 

Silver Point Distressed Opportunities 

Management, LLC (‘‘Distressed 

Opportunities Management’’), Silver 

Point Select Opportunities Fund A, L.P., 

Silver Point Specialty Credit Fund II, 

L.P., Silver Point Specialty Credit Fund 

II (Offshore), L.P., Silver Point Specialty 

Credit Fund II (Offshore) B, L.P., Silver 

Point Specialty Credit Fund II (Offshore) 

C, L.P., Silver Point Specialty Credit 

Fund II Mini-Master Fund (Offshore), 

L.P., Silver Point Specialty Credit Fund 

II Mini-Master Fund, L.P., Silver Point 

Specialty Credit Fund II Management, 

LLC (‘‘Specialty Credit II 

Management’’), Silver Point Specialty 

Credit Silver Star Fund, L.P., Silver 

Point Specialty Credit Silver Star Fund 

Management, LLC (‘‘Silver Star 

Management’’), Silver Point Loan 

Funding, LLC, and Silver Point Loan 

Funding Management, LLC (‘‘Funding 

Management’’). 

DATES: The application was filed on 

October 1, 2015, and amended on 

December 27, 2017, July 20, 2018, 

September 17, 2018, December 17, 2018, 

July 28, 2021, October 22, 2021, January 

7, 2022 and January 12, 2022. 

HEARING OR NOTIFICATION OF HEARING: 

An order granting the requested relief 

will be issued unless the Commission 

orders a hearing. Interested persons may 

request a hearing by emailing the 

Commission’s Secretary at SecretarysOffice@sec.gov and serving applicants 

with a copy of the request by email. 

Hearing requests should be received by 

the Commission by 5:30 p.m. on 

February 14, 2022, 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 emailing the 

Commission’s Secretary at SecretarysOffice@sec.gov. 

ADDRESSES: The Commission: 

Secretarys-Office@sec.gov. Applicants: 

Compliance@silverpointcapital.com. 

FOR FURTHER INFORMATION CONTACT: Erin 

Loomis Moore, Senior Counsel, or 

Joseph Toner, Acting Branch Chief, at 

(202) 551–6825 (Chief Counsel’s Office, 

Division of Investment Management). 

SUPPLEMENTARY INFORMATION: The 

following is a summary of the 

application. The complete application 

may be obtained via the Commission’s 

website by searching for the file 

number, or for an applicant using the 

Company name box, at https://

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

calling (202) 551–8090. 

Introduction 

1. The Applicants request an order of 

the Commission under Sections 17(d) 

and 57(i) and Rule 17d–1 thereunder 

(the ‘‘Order’’) to permit, subject to the 

terms and conditions set forth in the 

application (the ‘‘Conditions’’), a 

Regulated Fund 1 and one or more other 

Regulated Funds and/or one or more 

Affiliated Funds 2 to enter into CoInvestment Transactions with each 

other. ‘‘Co-Investment Transaction’’ 

means any transaction in which one or 

more Regulated Funds (or its WhollyOwned Investment Sub) participated 

together with one or more Affiliated 

Funds and/or one or more other 

Regulated Funds in reliance on the 

Order. ‘‘Potential Co-Investment 

Transaction’’ means any investment 

opportunity in which a Regulated Fund 

(or its Wholly-Owned Investment Sub) 

could not participate together with one 

or more Affiliated Funds and/or one or 

more other Regulated Funds without 

obtaining and relying on the Order.3

Applicants 

2. The Company is a closed-end 

Maryland statutory trust that has elected 


jspears on DSK121TN23PROD with NOTICES1