Federal Register / Vol. 79, No. 196 / Thursday, October 9, 2014 / Notices 61121 

11 15 U.S.C. 78o–3(b)(6). 

12 15 U.S.C. 78o–3(b)(11). 

13 15 U.S.C. 78s(b)(3)(A). 

14 17 CFR 240.19b–4(f)(6). Rule 19b–4(f)(6) 

requires a self-regulatory organization to give the 

Commission written notice of its intent to file the 

proposed rule change at least five business days 

prior to the date of filing of the proposed rule 

change, or such shorter time as designated by the 

Commission. The Exchange has satisfied this 

requirement. 15 17 CFR 200.30–3(a)(12). 

number of market makers providing 

quotes gradually reversed over time as 

the Pilot progressed. Thus, to allow 

additional time to observe the operation 

of the Pilot and to provide the SEC with 

data over a longer time period so that 

the effects of the Pilot could be more 

thoroughly reviewed, FINRA filed an 

extension for another year, extending 

the period from November 12, 2013 

until November 14, 2014. 

The purpose of this filing is to extend 

the operation of the Tier Size Pilot for 

an additional three month period, until 

February 13, 2015, to provide FINRA 

with additional time to consider the 

implications of the data collected since 

June 30, 2013 and to determine whether 

FINRA will propose that the Pilot tiers 

be adopted as permanent. 

FINRA has filed the proposed rule 

change for immediate effectiveness. The 

effective date of the proposed rule 

change will be the date of filing. 

2. Statutory Basis 

FINRA believes that the proposed rule 

change is consistent with the provisions 

of Section 15A(b)(6) of the Act,11 which 

requires, among other things, that 

FINRA rules must be designed to 

prevent fraudulent and manipulative 

acts and practices, to promote just and 

equitable principles of trade, and, in 

general, to protect investors and the 

public interest. FINRA also believes that 

the proposed rule change is consistent 

with the provisions of Section 

15A(b)(11) of the Act.12 Section 

15A(b)(11) requires that FINRA rules 

include provisions governing the form 

and content of quotations relating to 

securities sold otherwise than on a 

national securities exchange which may 

be distributed or published by any 

member or person associated with a 

member, and the persons to whom such 

quotations may be supplied. 

FINRA believes that the extension of 

the Tier Size Pilot for an additional 

three months is consistent with the Act 

in that it would provide the 

Commission and FINRA with additional 

data and more time to undertake a 

thorough review of the submitted data. 

FINRA believes this additional time will 

facilitate FINRA’s consideration of the 

impact of the Pilot using data after June 

30, 2013, and determination of the 

appropriateness of making the Pilot tiers 

permanent. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

FINRA does not believe that the 

proposed rule change will result in any 

burden on competition that is not 

necessary or appropriate in furtherance 

of the purposes of the Act. 

C. Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants, or Others 

Written comments were neither 

solicited nor received. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

Because the foregoing proposed rule 

change does not: (i) Significantly affect 

the protection of investors or the public 

interest; (ii) impose any significant 

burden on competition; and (iii) become 

operative for 30 days from the date on 

which it was filed, or such shorter time 

as the Commission may designate, it has 

become effective pursuant to Section 

19(b)(3)(A) of the Act 13 and Rule 19b– 

4(f)(6) thereunder.14

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 shall institute proceedings 

to determine whether the proposed rule 

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 rulecomments@sec.gov. Please include File 

Number SR–FINRA–2014–041 on the 

subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Brent J. Fields, Secretary, Securities 

and Exchange Commission, 100 F Street 

NE., Washington, DC 20549–1090. 

All submissions should refer to File 

Number SR–FINRA–2014–041. 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 Web site (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 Web site viewing and 

printing in the Commission’s Public 

Reference Room, 100 F St. NE., 

Washington, DC 20549, on official 

business days between the hours of 

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

filing also will be available for 

inspection and copying at the principal 

office of FINRA. All comments received 

will be posted without change; the 

Commission does not edit personal 

identifying information from 

submissions. You should submit only 

information that you wish to make 

available publicly. All submissions 

should refer to File Number SR–FINRA– 

2014–041, and should be submitted on 

or before October 30, 2014. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.15

Kevin M. O’Neill, 

Deputy Secretary. 

[FR Doc. 2014–24102 Filed 10–8–14; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–73296; File No. SR–BATS– 

2014–044] 

Self-Regulatory Organizations; BATS 

Exchange, Inc.; Notice of Filing and 

Immediate Effectiveness of a Proposed 

Rule Change to Rules 11.13 and 21.9 

of BATS Exchange, Inc. 

October 3, 2014. 

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

Securities Exchange Act of 1934 (the 

mstockstill on DSK4VPTVN1PROD with NOTICES

61122 Federal Register / Vol. 79, No. 196 / Thursday, October 9, 2014 / Notices 

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

2 17 CFR 240.19b–4. 

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

4 17 CFR 240.19b–4(f)(6)(iii). 

5As defined in Rule 1.5(e). 

6Market orders are also routed away pursuant to 

Rule 11.13(a)(2)(A), however the Exchange is not 

proposing any changes to the treatment of routed 

market orders at this time. 

7As defined in Rule 16.1(a)(9). 

8Market orders are also routed away pursuant to 

Rule 21.9(a)(1), however the Exchange is not 

proposing any changes to the treatment of routed 

market orders at this time. 

9See Rule 11.13(a)(2) for BATS Equities and Rule 

21.9(a)(1) for BATS Options. 

10As defined in Rule 1.5(aa), the System is the 

electronic communications and trading facility 

designated by the Board through which securities 

orders of Users are consolidated for ranking, 

execution and, when applicable, routing away. 

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

notice is hereby given that on 

September 25, 2014, BATS Exchange, 

Inc. (the ‘‘Exchange’’ or ‘‘BATS’’) filed 

with the Securities and Exchange 

Commission (‘‘Commission’’) the 

proposed rule change as described in 

Items I and II below, which Items have 

been prepared by the Exchange. The 

Exchange has designated this proposal 

as a ‘‘non-controversial’’ proposed rule 

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

of the Act 3 and Rule 19b–4(f)(6)(iii) 

thereunder,4 which renders it effective 

upon filing with the Commission. 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 filed a proposal to 

amend Rule 11.13(a) regarding the 

handling of orders that have been 

posted to the order book (‘‘BATS 

Book’’) 5 of the Exchange’s cash equities 

trading platform (‘‘BATS Equities’’) that 

are subsequently locked or crossed by 

other Trading Centers. Consistent with 

its practice of offering similar 

functionality for the Exchange’s equity 

options trading platform (‘‘BATS 

Options’’) as it does for BATS Equities, 

the Exchange also proposes to amend 

Rule 21.9(a) to make similar changes 

with respect to BATS Options. 

The text of the proposed rule change 

is available at the Exchange’s Web site 

at http://www.batstrading.com, 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 parts 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 provide Users of the 

Exchange with additional options with 

respect to the Exchange’s method of 

processing the unfilled balance of a 

routable limit order that is posted to the 

BATS Book. 

With respect to BATS Equities, the 

Exchange currently allows Users to 

submit various types of limit orders to 

the Exchange that are processed 

pursuant to Exchange Rules 11.13(a)(1) 

and 11.13(a)(2)(B), as set forth below. 

Rule 11.13(a)(1) describes the process by 

which an incoming order would execute 

against the BATS Book for BATS 

Equities. To the extent an order has not 

been executed in its entirety against the 

BATS Book, Rule 11.13(a)(2)(B) then 

describes the process of routing 

marketable limit orders 6 to one or more 

Trading Centers, including a description 

of how the Exchange treats any unfilled 

balance that returns to the Exchange 

following the first attempt to fill the 

order through the routing process. If not 

filled through routing, and based on the 

order instructions, the unfilled balance 

of the order may be posted to the BATS 

Book. 

Similarly, with respect to BATS 

Options, Rule 21.8 describes the process 

by which an incoming order would 

execute against the BATS Options 

Book.7 To the extent an order has not 

been executed in its entirety against the 

BATS Options Book, Rule 21.9(a)(1) 

then describes the process of routing 

marketable limit orders 8 to one or more 

other options exchanges, including a 

description of how the Exchange treats 

any unfilled balance that returns to the 

Exchange following the first attempt to 

fill the order through the routing 

process. If not filled through routing, 

and based on the order instructions, the 

unfilled balance of the order may be 

posted to the BATS Options Book. 

Pursuant to current Exchange rules,9

to the extent the unfilled balance of an 

order has been posted to the BATS 

Book, should the order subsequently be 

locked or crossed by another accessible 

Trading Center, the System 10 shall 

route the order to the locking or crossing 

Trading Center if instructed to do so by 

the User (the ‘‘RECYCLE Option’’). The 

Exchange proposes to modify the 

RECYCLE Option as set forth below. At 

the outset, the Exchange notes that it 

proposes to re-name the RECYCLE 

Option as Re-Route instructions. 

BATS Equities 

The Exchange currently offers only 

one form of RECYCLE, namely, that an 

order will be subject to the RECYCLE 

Option if it is either locked or crossed. 

The Exchange proposes to retain this 

functionality and to name such 

functionality the Super Aggressive ReRoute instruction, which reference 

reflects the willingness of the routable 

order posted to the BATS Book to route 

to away Trading Centers and to remove 

liquidity from such Trading Centers any 

time such order is locked or crossed 

(i.e., rather than passively waiting for an 

execution on the BATS Book). The 

Exchange also proposes to add new 

optional functionality that will allow a 

User to instruct the Exchange to apply 

the Super Aggressive Re-Route 

instruction solely to routable orders 

posted to the BATS Book with 

remaining size of less than one round 

lot. 

In addition to the Super Aggressive 

Re-Route instruction described above, 

the Exchange proposes to add a second 

option, the Aggressive Re-Route 

instruction, which would subject an 

order to the routing process after being 

posted to the BATS Book only if the 

order is subsequently crossed by 

another Trading Center (rather than if 

the order is locked or crossed). 

The Exchange proposes to retain 

language making clear that unless 

otherwise specified the Re-Route 

options described above may be 

combined with any of the System 

routing options specified in paragraph 

(a)(3) of Rule 11.13. 

Examples 

Example 1—Aggressive Re-Route 

As an example of an order with an 

Aggressive Re-Route instruction, assume 

the Exchange receives an order to buy 

300 shares of a security at $10.10 per 

share. Assume further that the NBBO is 

$10.09 by $10.10 when the order is 

received, and the Exchange’s lowest 

priced offer is priced at $10.11. The 

Exchange will route the order away 

mstockstill on DSK4VPTVN1PROD with NOTICES

Federal Register / Vol. 79, No. 196 / Thursday, October 9, 2014 / Notices 61123 

11 15 U.S.C. 78f(b). 

12 15 U.S.C. 78f(b)(5). 

13 15 U.S.C. 78k–1(a)(1). 

14 15 U.S.C. 78s(b)(3)(A). 

15 17 CFR 240.19b–4(f)(6)(iii). As required under 

Rule 19b–4(f)(6)(iii), the Exchange provided the 

Commission with written notice of its intent to file 

the proposed rule change, along with a brief 

description and the text of the proposed rule 

change, at least five business days prior to the date 

of filing of the proposed rule change, or such 

shorter time as designated by the Commission. 

from the Exchange as a bid to buy 300 

shares at $10.10. Assume that the order 

obtains one 100 share execution through 

the routing process and then returns to 

the Exchange. The Exchange will post 

the order as a bid to buy 200 shares at 

$10.10. If displayed liquidity then 

appears at one or more Trading Centers 

priced at $10.09 or lower (i.e., crossing 

the posted bid to buy at $10.10), the 

Exchange will take the displayed bid off 

of the BATS Book and again route such 

order to the displayed liquidity at other 

Trading Centers. 

Example 2—Super Aggressive Re-Route 

As an example of an order with a 

Super Aggressive Re-Route instruction, 

assume the Exchange receives an order 

to buy 300 shares of a security at $10.10 

per share designated with such 

instruction. Assume further that the 

NBBO is $10.09 by $10.10 when the 

order is received, and the Exchange’s 

lowest priced offer is priced at $10.11. 

The Exchange will route the order away 

from the Exchange as a bid to buy 300 

shares at $10.10. Assume that the order 

obtains one 100 share execution through 

the routing process and then returns to 

the Exchange. The Exchange will post 

the order as a bid to buy 200 shares at 

$10.10. If displayed liquidity then 

appears in the marketplace priced at 

$10.10 or lower, the Exchange will take 

the displayed bid off of the BATS Book 

and again route such order to the 

displayed liquidity at other Trading 

Centers. 

Example 3—Super Aggressive Re-Route 

for Odd Lots Only 

Assuming the facts from Example 2 

above that results in a 200 share order 

posting to the BATS Book after routing 

away, if a User has elected to apply the 

Super Aggressive Re-Route instruction 

solely to routable orders posted to the 

BATS Book with remaining size of less 

than one round lot, then the posted bid 

to buy 200 shares at $10.10 would not 

route off of the BATS Book if displayed 

liquidity appeared at one or more other 

Trading Centers priced at $10.10 or 

lower. Assume, however, that the 

posted order to buy 200 shares is later 

executed on the BATS Book against an 

incoming order to sell 150 shares at 

$10.10, leaving a 50 share order to buy 

at $10.10. Such order would now be 

subject to the Super Aggressive ReRoute functionality and would route to 

away Trading Centers if locked or 

crossed. 

BATS Options 

In order to maintain consistency 

between analogous processes offered by 

BATS Equities and BATS Options, the 

Exchange proposes to modify the rules 

of BATS Options to conform to the 

changes described above related to the 

Re-Route instruction. 

The proposed Re-Route functionality 

for BATS Options is similar to the 

proposed functionality for BATS 

Equities, with the exception of language 

related to odd lot orders. Because, 

consistent with other options 

exchanges, BATS Options does not 

categorize any orders as odd lot orders 

or round lot orders, the Exchange has 

omitted language regarding the 

proposed optional Re-Route 

functionality applicable to odd lot 

orders for BATS Equities. All other 

changes for BATS Equities, including 

the rationale and examples described 

above, are identical for BATS Options. 

2. Statutory Basis 

The Exchange believes that the 

proposed rule change is consistent with 

Section 6(b) of the Act 11 and further the 

objectives of Section 6(b)(5) of the Act 12

because it is designed to promote just 

and equitable principles of trade, to 

remove impediments to and perfect the 

mechanism of a free and open market 

and a national market system, to foster 

cooperation and coordination with 

persons engaged in facilitating 

transactions in securities, and, in 

general, to protect investors and the 

public interest. Specifically, the 

proposed changes are designed to 

provide Users with additional control 

over their orders in the context of a 

national market system where 

quotations may lock or cross orders 

posted to the BATS Book. Thus, the 

proposals are directly targeted at 

removing impediments to and perfect 

[sic] the mechanism of a free and open 

market and national market system. The 

proposed rule change also is designed to 

support the principles of Section 

11A(a)(1) 13 of the Act in that it seeks to 

assure fair competition among brokers 

and dealers and among exchange 

markets. 

The proposed rule changes would 

also provide Users with access to 

functionality that may result in the 

efficient execution of such orders and 

will provide additional flexibility as 

well as increased functionality to the 

Exchange’s System and its Users. 

The Exchange reiterates that the 

Super Aggressive Re-Route instruction 

is currently contained in Exchange rules 

as the RECYCLE Option. The Exchange 

believes that adding an optional 

functionality that will only treat orders 

with size less than a round lot as orders 

with Super Aggressive Re-Route 

instruction is reasonable because such 

orders are not Protected Quotations 

under the Act, and thus, are more likely 

to be locked or crossed by external 

markets. Accordingly, allowing such 

orders to only apply the Super 

Aggressive Re-Route instruction will 

enhance the likelihood of their prompt 

execution. The Exchange believes that 

the proposed addition of the Aggressive 

Re-Route instruction is consistent with 

the Act as it will provide Users with 

another option that may result in the 

efficient execution of such orders and 

will provide additional flexibility as 

well as increased functionality to the 

Exchange’s System and its Users. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

The Exchange does not believe that 

the proposed rule change will result in 

any burden on competition that is not 

necessary or appropriate in furtherance 

of the purposes of the Act. The 

Exchange believes that Re-Route 

functionality generally encourages 

competition by increasing the likelihood 

of executions of orders that have been 

posted to the Exchange. 

C. Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants or Others 

The Exchange has neither solicited 

nor received written comments on the 

proposed rule change. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

Because the proposed rule change 

does not: (i) Significantly affect the 

protection of investors or the public 

interest; (ii) impose any significant 

burden on competition; and (iii) become 

operative prior to 30 days from the date 

on which it was filed, or such shorter 

time as the Commission may designate, 

if consistent with the protection of 

investors and the public interest, the 

proposed rule change has become 

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

of the Act 14 and Rule 19b–4(f)(6)(iii) 

thereunder.15

The Exchange has asked the 

Commission to waive the 30-day 

operative delay so that the proposal may 

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61124 Federal Register / Vol. 79, No. 196 / Thursday, October 9, 2014 / Notices 

16For purposes only of waiving the 30-day 

operative delay, the Commission has considered the 

proposed rule’s impact on efficiency, competition, 

and capital formation. See 15 U.S.C. 78c(f). 

17 15 U.S.C. 78s(b)(2)(B). 18 17 CFR 200.30–3(a)(12). 

become operative immediately upon 

filing. The Exchange stated that waiver 

of this requirement would allow the 

Exchange to immediately offer Exchange 

Users additionally variations of 

functionality that is already available on 

the Exchange. The Exchange also stated 

that the addition of a variation of ReRoute functionality that applies only 

when an order is crossed by an 

accessible Trading Center and the odd 

lot variation to the Super-Aggressive ReRoute instruction will benefit market 

participants and their customers by 

allowing them greater flexibility in their 

efforts to fill orders. The Commission 

believes that the waiver of the 30-day 

operative delay is consistent with the 

protection of investors and the public 

interest. Therefore, the Commission 

designates the proposed rule change to 

be operative upon filing.16

At any time within 60 days of the 

filing of such 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 shall institute proceedings 

under Section 19(b)(2)(B) 17 of the Act 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– 

BATS–2014–044 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–BATS–2014–044. 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 Web site (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 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 

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

filing will also be available for 

inspection and copying at the principal 

office of the Exchange. All comments 

received will be posted without change; 

the Commission does not edit personal 

identifying information from 

submissions. You should submit only 

information that you wish to make 

available publicly. All submissions 

should refer to File Number SR–BATS– 

2014–044 and should be submitted on 

or before October 30, 2014. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.18

Kevin M. O’Neill, 

Deputy Secretary. 

[FR Doc. 2014–24100 Filed 10–8–14; 8:45 am] 

BILLING CODE 8011–01–P 

SMALL BUSINESS ADMINISTRATION 

Tregaron Opportunity Fund II, L.P. 

License No. 09/09–0474; Notice 

Seeking Exemption Under Section 312 

of the Small Business Investment Act, 

Conflicts of Interest 

Notice is hereby given that Tregaron 

Opportunity Fund II, L.P., 300 Hamilton 

Avenue, 4th Floor, Palo Alto, CA 94301, 

a Federal Licensee under the Small 

Business Investment Act of 1958, as 

amended (the ‘‘Act’’), in connection 

with the financing of a small concern, 

has sought an exemption under Section 

312 of the Act and Section 107.730, 

Financings which Constitute Conflicts 

of Interest of the Small Business 

Administration (‘‘SBA’’) Rules and 

Regulations (13 CFR 107.730). Tregaron 

Opportunity Fund I, L.P. and Tregaron 

Opportunity Fund II, L.P. propose to 

provide debt financing to Somerset 

Landscape, LLC, 19051 South Arizona 

Avenue, Chandler, AZ 85286. The 

proceeds will be used to finance the 

acquisition of Greener Pastures 

Landscape, Inc. 

The financing is brought within the 

purview of § 107.730(a)(1) of the 

Regulations because Tregaron 

Opportunity Fund I, L.P. and Tregaron 

Opportunity Fund II, L.P. are Associates 

and because Tregaron Opportunity 

Fund I, L.P. has a greater than ten 

percent interest in Somerset Landscape, 

LLC. Therefore this transaction is 

considered financing an Associate 

requiring SBA prior written exemption. 

Notice is hereby given that any 

interested person may submit written 

comments on the transaction, within 

fifteen days of the date of this 

publication, to the Associate 

Administrator for Office of Investment 

and Innovation, U.S. Small Business 

Administration, 409 Third Street SW., 

Washington, DC 20416. 

Dated: September 20, 2014. 

Javier E. Saade, 

Associate Administrator for Office of 

Investment and Innovation. 

[FR Doc. 2014–23953 Filed 10–8–14; 8:45 am] 

BILLING CODE P 

DEPARTMENT OF STATE 

[Public Notice 8913] 

Culturally Significant Object Imported 

for Exhibition Determinations: 

‘‘Classical Nudes and the Making of 

Queer History’’ 

SUMMARY: Notice is hereby given of the 

following determinations: Pursuant to 

the authority vested in me by the Act of 

October 19, 1965 (79 Stat. 985; 22 U.S.C. 

2459), Executive Order 12047 of March 

27, 1978, the Foreign Affairs Reform and 

Restructuring Act of 1998 (112 Stat. 

2681, et seq.; 22 U.S.C. 6501 note, et 

seq.), Delegation of Authority No. 234 of 

October 1, 1999, Delegation of Authority 

No. 236–3 of August 28, 2000 (and, as 

appropriate, Delegation of Authority No. 

257 of April 15, 2003), I hereby 

determine that the object to be included 

in the exhibition ‘‘Classical Nudes and 

the Making of Queer History,’’ imported 

from abroad for temporary exhibition 

within the United States, is of cultural 

significance. The object is imported 

pursuant to a loan agreement with the 

foreign owner or custodian. I also 

determine that the exhibition or display 

of the imported object at the Leslie + 

Lohman Museum of Gay and Lesbian 

Art, New York, New York, from on or 

about October 17, 2014, until on or 

mstockstill on DSK4VPTVN1PROD with NOTICES