38770 Federal Register / Vol. 86, No. 138 / Thursday, July 22, 2021 / Notices 

CHART II 

Supplier Product name Form Application 

date 

Cambridge Isotopes Laboratories, 

Inc.

Delta-9-tetrahydrocannabinol (THC) unlabeled (Chemical Purity 95%), 5 

mg.

Glass ampule: 5 mg ......................... 2/19/2021 

Cambridge Isotopes Laboratories, 

Inc.

Delta-9-tetrahydrocannabinol (THC) unlabeled (Chemical Purity 95%), 

0.5 mg.

Glass ampule: 0.5 mg ...................... 2/19/2021 

Cambridge Isotopes Laboratories, 

Inc.

Delta-9-tetrahydrocannabinol (THC) unlabeled (Chemical Purity 95%), 1 

mg.

Glass ampule: 1 mg ......................... 2/19/2021 

Cambridge Isotopes Laboratories, 

Inc.

Delta-9-tetrahydrocannabinol (THC) unlabeled (Chemical Purity 95%), 

10 mg.

Glass ampule: 10 mg ....................... 2/19/2021 

Cambridge Isotopes Laboratories, 

Inc.

Delta-9-Trans-tetrahydrocannabinol (THC) (Methyl-D3, 98%), 5 mg ........ Glass ampule: 5 mg ......................... 2/19/2021 

Cambridge Isotopes Laboratories, 

Inc.

Delta-9-Trans-tetrahydrocannabinol (THC) (Methyl-D3, 98%), 0.5 mg ..... Glass ampule: 0.5 mg ...................... 2/19/2021 

Cambridge Isotopes Laboratories, 

Inc.

Delta-9-Trans-tetrahydrocannabinol (THC) (Methyl-D3, 98%), 1 mg ........ Glass ampule: 1 mg ......................... 2/19/2021 

Cambridge Isotopes Laboratories, 

Inc.

Delta-9-Trans-tetrahydrocannabinol (THC) (Methyl-D3, 98%), 10 mg ...... Glass ampule: 10 mg ....................... 2/19/2021 

Cayman Chemical Company ............ Clonazepam (CRM) 1 mg/mL, 1 mL in acetonitrile ................................... Glass ampule: 1 mL ......................... 2/23/2021 

LGC—Dr. Ehrenstorher ..................... D9-Tetrahydrocannabivarin 10,000 mg/L Parent stock in Methanol—NOT 

FOR SALE.

Boston Round, Amber glass: 14 mL 1/19/2021 

LGC—Dr. Ehrenstorfer ...................... Delta-9-THC 10000 μg/mL in Methanol ..................................................... Amber ampule: 2 mL ....................... 2/16/2021 

Opportunity for Comment 

Pursuant to 21 CFR 1308.23(e), any 

interested person may submit written 

comments on or objections to any 

chemical preparation in this order that 

has been approved or denied as exempt. 

If any comments or objections raise 

significant issues regarding any finding 

of fact or conclusion of law upon which 

this order is based, the Assistant 

Administrator will immediately 

suspend the effectiveness of any 

applicable part of this order until he 

may reconsider the application in light 

of the comments and objections filed. 

Thereafter, the Assistant Administrator 

shall reinstate, revoke, or amend his 

original order as he determines 

appropriate. 

Approved Exempt Chemical 

Preparations Are Posted on the DEA’s 

Website 

A list of all current exemptions, 

including those listed in this order, is 

available on the DEA’s website at http:// 

www.DEAdiversion.usdoj.gov/ 

schedules/exempt/exempt_chemlist.pdf. 

The dates of applications of all current 

exemptions are posted for easy 

reference. 

William T. McDermott, 

Assistant Administrator. 

[FR Doc. 2021–15024 Filed 7–21–21; 8:45 am] 

BILLING CODE 4410–09–P 

DEPARTMENT OF JUSTICE 

Parole Commission 

Sunshine Act Meeting 

Record of Vote of Meeting Closure 

(Public Law 94–409) (5 U.S.C. Sec. 

552b) 

I, Patricia K. Cushwa, Acting 

Chairman of the United States Parole 

Commission, was present at a meeting 

of said Commission, which started at 

approximately 2:30 p.m., on Tuesday, 

July 13, 2021, at the U.S. Parole 

Commission, 90 K Street NE, Third 

Floor, Washington, DC 20530. The 

purpose of the meeting was to discuss 

an original jurisdiction case pursuant to 

28 CFR 2.25. and 28 CFR 2.68(i)(1) Two 

Commissioners were present, 

constituting a quorum when the vote to 

close the meeting was submitted. 

Public announcement further 

describing the subject matter of the 

meeting and certifications of the General 

Counsel that this meeting may be closed 

by votes of the Commissioners present 

were submitted to the Commissioners 

prior to the conduct of any other 

business. Upon motion duly made, 

seconded, and carried, the following 

Commissioners voted that the meeting 

be closed: Patricia K. Cushwa and 

Charles T. Massarone. 

In witness whereof, I make this official 

record of the vote taken to close this 

meeting and authorize this record to be 

made available to the public. 

Patricia K. Cushwa, 

Acting Chairman, U.S. Parole Commission. 

[FR Doc. 2021–15788 Filed 7–20–21; 4:15 pm] 

BILLING CODE 4410–31–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Investment Company Act Release No. 

34333; 812–15219] 

Capital Southwest Corporation, et al.; 

Notice of Application 

July 16, 2021. 

AGENCY: Securities and Exchange 

Commission (‘‘Commission’’). 

ACTION: Notice. 

Notice of an application for an order 

under section 6(c) of the Investment 

Company Act of 1940 (the ‘‘Act’’) for an 

exemption from sections 18(a) and 61(a) 

of the Act. 

APPLICANTS: Capital Southwest 

Corporation (the ‘‘Company’’), Capital 

Southwest SBIC I, LP (the ‘‘Capital 

Southwest SBIC’’), and Capital 

Southwest SBIC I GP, LLC (the ‘‘SBIC 

GP’’). 

SUMMARY OF THE APPLICATION: The 

Company requests an order to permit it 

to adhere to a modified asset coverage 

requirement. 

FILING DATES: The application was filed 

on April 21, 2021, and amended on July 

14, 2021. 

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 August 

10, 2021, 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– 


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Federal Register / Vol. 86, No. 138 / Thursday, July 22, 2021 / Notices 38771 

1Section 2(a)(48) defines a BDC to be any closedend investment company that operates for the 

purpose of making investments in securities 

described in section 55(a)(1) through 55(a)(3) of the 

Act and makes available significant managerial 

assistance with respect to the issuers of such 

securities. 

2All existing entities that currently intend to rely 

on the order are named as applicants. Any other 

existing or future entity that may rely on the order 

in the future will comply with the terms and 

condition of the order. 

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 

Secretarys-Office@sec.gov. 

ADDRESSES: Secretary, U.S. Securities 

and Exchange Commission, SecretarysOffice@sec.gov. Applicants: Mr. Bowen 

S. Diehl, Chief Executive Officer and 

President, Capital Southwest 

Corporation, at bdiehl@

capitalsouthwest.com and Mr. Michael 

S. Sarner, Chief Financial Officer, 

Secretary and Treasurer, Capital 

Southwest Corporation at msarner@

capitalsouthwest.com. 

FOR FURTHER INFORMATION CONTACT: Jean 

E. Minarick, Senior Counsel, at (202) 

551–6811, or Kaitlin C. Bottock, Branch 

Chief, at (202) 551–6825 (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 

website by searching for the file 

number, or for 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 Company, a Texas corporation, 

is an internally managed, nondiversified, closed-end management 

investment company that has elected to 

be regulated as a business development 

company (‘‘BDC’’) under the Act.1 The 

Company’s investment objective is to 

produce attractive risk-adjusted returns 

by generating current income from its 

debt investments and capital 

appreciation from its equity and equity 

related investments. 

2. Capital Southwest SBIC, a Delaware 

limited partnership, received approval 

for a license from the Small Business 

Administration (‘‘SBA’’) to operate as a 

small business investment company 

(‘‘SBIC’’) under the Small Business 

Investment Act of 1958 (‘‘SBIA’’). 

Capital Southwest SBIC relies on the 

exclusion from the definition of 

investment company contained in 

section 3(c)(7) of the Act. The SBIC GP 

is the sole general partner of Capital 

Southwest SBIC and the Company is the 

sole member of the SBIC GP. The 

Company is the sole limited partner of 

Capital Southwest SBIC. The Company, 

directly through the SBIC GP, wholly 

owns Capital Southwest SBIC. 

Applicants’ Legal Analysis 

1. The Company requests an 

exemption pursuant to section 6(c) of 

the Act from the provisions of sections 

18(a) and 61(a) of the Act to permit it 

to adhere to a modified asset coverage 

requirement with respect to any direct 

or indirect wholly-owned subsidiary of 

the Company that is licensed by the 

SBA to operate under the SBIA as an 

SBIC and relies on section 3(c)(7) for an 

exclusion from the definition of 

‘‘investment company’’ under the Act 

(each, a ‘‘SBIC Subsidiary’’).2

Applicants state that companies 

operating under the SBIA, such as the 

Capital Southwest SBIC, are subject to 

the SBA’s substantial regulation of 

permissible leverage in their capital 

structure. 

2. Section 18(a) of the Act prohibits a 

registered closed-end investment 

company from issuing any class of 

senior security or selling any such 

security of which it is the issuer unless 

the company complies with the asset 

coverage requirements set forth in that 

section. Section 61(a) of the Act makes 

section 18 applicable to BDCs, with 

certain modifications. Section 18(k) 

exempts an investment company 

operating as an SBIC from the asset 

coverage requirements for senior 

securities representing indebtedness 

that are contained in section 18(a)(1)(A) 

and (B). 

3. Applicants state that the Company 

may be required to comply with the 

asset coverage requirements of section 

18(a) (as modified by section 61(a)) on 

a consolidated basis because the 

Company may be deemed to be an 

indirect issuer of any class of senior 

security issued by Capital Southwest 

SBIC or another SBIC Subsidiary. 

Applicants state that applying section 

18(a) (as modified by section 61(a)) on 

a consolidated basis generally would 

require that the Company treat as its 

own all assets and any liabilities held 

directly either by itself, by Capital 

Southwest SBIC, or by another SBIC 

Subsidiary. Accordingly, the Company 

requests an order under section 6(c) of 

the Act exempting the Company from 

the provisions of section 18(a) (as 

modified by section 61(a)), such that 

senior securities issued by each SBIC 

Subsidiary that would be excluded from 

its individual asset coverage ratio by 

section 18(k) if it were itself a BDC 

would also be excluded from the 

Company’s consolidated asset coverage 

ratio. 

4. Section 6(c) of the Act, in relevant 

part, permits the Commission to exempt 

any transaction or class of transactions 

from any provision of the Act if and to 

the extent that such exemption is 

necessary or appropriate in the public 

interest and consistent with the 

protection of investors and the purposes 

fairly intended by the policy and 

provisions of the Act. Applicants state 

that the requested relief satisfies the 

section 6(c) standard. Applicants 

contend that, because the Capital 

Southwest SBIC would be entitled to 

rely on section 18(k) if it were a BDC, 

there is no policy reason to deny the 

benefit of that exemption to the 

Company. 

Applicants’ Condition 

Applicants agree that any order 

granting the requested relief will be 

subject to the following condition: 

The Company will not itself issue or 

sell any senior security and the 

Company will not cause or permit 

Capital Southwest SBIC or any other 

SBIC Subsidiary to issue or sell any 

senior security of which the Company, 

Capital Southwest SBIC or any other 

SBIC Subsidiary is the issuer except to 

the extent permitted by section 18 (as 

modified for BDCs by section 61); 

provided that, immediately after the 

issuance or sale of any such senior 

security by any of the Company, Capital 

Southwest SBIC or any other SBIC 

Subsidiary, the Company, individually 

and on a consolidated basis, shall have 

the asset coverage required by section 

18(a) (as modified by section 61(a)). In 

determining whether the Company, 

Capital Southwest SBIC and any other 

SBIC Subsidiary on a consolidated basis 

have the asset coverage required by 

section 18(a) (as modified by section 

61(a)), any senior securities representing 

indebtedness of Capital Southwest SBIC 

or another SBIC Subsidiary if that SBIC 

Subsidiary has issued indebtedness that 

is held or guaranteed by the SBA shall 

not be considered senior securities and, 

for purposes of the definition of ‘‘asset 

coverage’’ in section 18(h), shall be 

treated as indebtedness not represented 

by senior securities. 


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38772 Federal Register / Vol. 86, No. 138 / Thursday, July 22, 2021 / Notices 

1 15 U.S.C. 78s(b)(1). 

2 17 CFR 240.19b–4. 

3Equity 7, Section 118(a) defines ‘‘Consolidated 

Volume’’ to mean the total consolidated volume 

reported to all consolidated transaction reporting 

plans by all exchanges and trade reporting facilities 

during a month in equity securities, excluding 

executed orders with a size of less than one round 

lot. For purposes of calculating Consolidated 

Volume and the extent of a member’s trading 

activity the date of the annual reconstitution of the 

Russell Investments Indexes is excluded from both 

total Consolidated Volume and the member’s 

trading activity. 

4Pursuant to Equity 4, Rule 4702(b)(14), a 

‘‘Midpoint Extended Life Order’’ is an Order Type 

with a Non-Display Order Attribute that is priced 

at the midpoint between the NBBO and that will 

not be eligible to execute until a minimum period 

of 10 milliseconds has passed after acceptance of 

the Order by the System. 

For the Commission, by the Division of 

Investment Management, pursuant to 

delegated authority. 

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2021–15545 Filed 7–21–21; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–92433; File No. SR– 

NASDAQ–2021–058] 

Self-Regulatory Organizations; The 

Nasdaq Stock Market LLC; Notice of 

Filing and Immediate Effectiveness of 

Proposed Rule Change To Amend the 

Exchange’s Transaction Credits at 

Equity 7, Section 118(a) 

July 16, 2021. 

Pursuant to Section 19(b)(1) of the 

Securities Exchange Act of 1934 

(‘‘Act’’),1 and Rule 19b–4 thereunder,2

notice is hereby given that on July 8, 

2021, The Nasdaq Stock Market LLC 

(‘‘Nasdaq’’ or ‘‘Exchange’’) filed with the 

Securities and Exchange Commission 

(‘‘SEC’’ or ‘‘Commission’’) the proposed 

rule change as described in Items I, II, 

and III, below, which Items have been 

prepared by the Exchange. The 

Commission is publishing this notice to 

solicit comments on the proposed rule 

change from interested persons. 

I. Self-Regulatory Organization’s 

Statement of the Terms of Substance of 

the Proposed Rule Change 

The Exchange proposes to amend the 

Exchange’s transaction credits at Equity 

7, Section 118(a), as described further 

below. The text of the proposed rule 

change is available on the Exchange’s 

website at https://

listingcenter.nasdaq.com/rulebook/ 

nasdaq/rules, at the principal office of 

the Exchange, and at the Commission’s 

Public Reference Room. 

II. Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

In its filing with the Commission, the 

Exchange included statements 

concerning the purpose of and basis for 

the proposed rule change and discussed 

any comments it received on the 

proposed rule change. The text of these 

statements may be examined at the 

places specified in Item IV below. The 

Exchange has prepared summaries, set 

forth in sections A, B, and C below, of 

the most significant aspects of such 

statements. 

A. Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

1. Purpose 

The purpose of the proposed rule 

change is to amend the Exchange’s 

schedule of credits, at Equity 7, Section 

118(a). Specifically, the Exchange 

proposes to make the following changes 

with respect to its schedule of credits 

for displayed quotes/orders (other than 

Supplemental Orders or Designated 

Retail Orders) that provide liquidity: (1) 

Add a new credit of $0.0028 per share 

executed; (2) amend the criteria for an 

existing credit of $0.0029 per share 

executed; and (3) eliminate an existing 

credit of $0.0029 per share executed. 

The Exchange also proposes to add two 

new non-cumulative supplemental 

credits to members for displayed 

quotes/orders (other than Supplemental 

Orders) that provide liquidity, of 

$0.0001 and $0.00015 per share 

executed, respectively. 

New Credit for MELO Activity and 

Adding Liquidity to the Exchange 

The Exchange proposes to add a new 

credit for displayed quotes/orders (other 

than Supplemental Orders or 

Designated Retail Orders) that provide 

liquidity of $0.0028 per share executed 

to a member: (i) With shares of liquidity 

provided in all securities through one or 

more of its Nasdaq Market Center MPIDs 

that represent 0.375% or more of 

Consolidated Volume 3 during the 

month; (ii) that executes an average 

daily volume (‘‘ADV’’) of at least 

500,000 shares of Midpoint Extended 

Life Orders (‘‘M–ELOs’’) 4 during the 

month; and (iii) that increases the extent 

of its ADV of MELO orders in all 

securities by 100% or more during the 

month relative to the month of June 

2021. 

The purpose of this new credit is to 

provide a new means to incent members 

to provide a substantial amount of 

liquidity to the Exchange generally as 

well as to increase the extent to which 

they engage in MELO activity on the 

Exchange and grow the extent of such 

activity over time. An increase in MELO 

activity and overall liquidity stands to 

improve the quality of the market 

generally, and of MELO, in particular, to 

the benefit of all market participants. 

Amended Displayed Credit 

The Exchange proposes to amend its 

existing credit of $0.0029 per share 

executed to a member: (i) With shares of 

liquidity provided in all securities 

through one or more of its Nasdaq 

Market Center MPIDs that represent 

more than 0.50% of Consolidated 

Volume during the month, including 

shares of liquidity provided with 

respect to securities that are listed on 

exchanges other than Nasdaq or NYSE 

that represent more than 0.10% of 

Consolidated Volume, and (ii) with at 

least a 15% ratio of volume that sets the 

NBBO provided through one or more of 

its Nasdaq Market Center MPIDs to all 

displayed volume that provides 

liquidity through one or more of its 

Nasdaq Market Center MPIDs. The 

Exchange first proposes to amend this 

credit by raising the threshold 

percentage of Consolidated Volume 

needed to qualify for the credit from 

0.50% to 0.60%. This proposed 

amendment will encourage those 

participants that already qualify for the 

credit to increase the extent to which 

they add liquidity to the Exchange in 

order to continue to qualify for it. From 

time to time, the Exchange believes it is 

reasonable to recalibrate the criteria for 

credits such as this one to ensure that 

the credits remain appropriately 

challenging for participants to attain in 

light of changes to their levels of activity 

on the Exchange. 

Second, the Exchange proposes to 

eliminate the criterion that a member 

must have at least a 15% ratio of volume 

that sets the NBBO to all displayed 

volume that provides liquidity to the 

Exchange, and to replace it with the 

requirement that a member add at least 

0.175% of Consolidated Volume during 

the month in non-displayed orders 

(excluding midpoint orders) for 

securities in any tape during the month. 

The Exchange proposes to eliminate the 

existing criterion because it proved too 

difficult for members to meet in 

combination with the other criterion set 

forth in the credit, and has hindered the 

credit in achieving its intended effect. 

The Exchange has limited resources at 

its disposal to devote to incentives and 


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