Federal Register / Vol. 74, No. 115 / Wednesday, June 17, 2009 / Notices 28737 

3All representations and conditions contained in 

the application and the Prior Applications that 

require a Fund to disclose particular information in 

the Fund’s Prospectus and/or annual report shall 

remain effective with respect to the Fund until the 

time that the Fund complies with the disclosure 

requirements adopted by the Commission in 

Investment Company Act Release No. 28584 (Jan. 

13, 2009). Defined terms used in the following 

conditions that are not otherwise defined in this 

notice or the application have the same meanings 

as in the Prior Applications. 

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

2 15 U.S.C. 78a. 

3 17 CFR 240.19b–4. 

4The Commission notes that while provided in 

Exhibit 5 to the filing, the text of the proposed rule 

change is not attached to this notice but is available 

at the Commission’s Public Reference Room and at 

www.nyse.com. 

7. Applicants also seek to amend the 

Prior Order to delete the relief granted 

from section 24(d) of the Act. 

Applicants state that the deletion of the 

exemption from section 24(d) that was 

granted in the Prior Order is warranted 

because the adoption of the Summary 

Prospectus Rule should supplant any 

need by a Fund to use a product 

description (‘‘Product Description’’). 

The deletion of the relief granted with 

respect to section 24(d) of the Act from 

the Prior Order will also result in the 

deletion of related discussions in the 

Prior Applications, revision of the Prior 

Applications to delete references to 

Product Descriptions including in the 

conditions, and the deletion of 

condition 7 of the Prior Order. 

Applicants’ Conditions 

Applicants agree that any amended 

order of the Commission granting the 

requested relief will be subject to the 

same conditions as those imposed by 

the Prior Order, except for condition 7 

to the Prior Order, which will be 

deleted, and conditions 2 and 5, which 

are revised as follows: 3

Condition 2. Each Fund’s Prospectus 

will clearly disclose that, for the 

purposes of the Act, Shares are issued 

by the Funds and that the acquisition of 

Shares by investment companies is 

subject to the restrictions of section 

12(d)(1) of the Act, except as permitted 

by an exemptive order that permits 

registered investment companies to 

invest in a Fund beyond the limits of 

section 12(d)(1), subject to certain terms 

and conditions, including that a 

registered investment company enter 

into an agreement with the Fund 

regarding the terms of the investment. 

Condition 5. The Web site maintained 

for the Corporation, which is and will 

be publicly accessible at no charge, will 

contain the following information, on a 

per Share basis, for each Fund: (a) The 

prior Business Day’s NAV and the Bid/ 

Ask Price and a calculation of the 

premium or discount of the Bid/Ask 

Price at the time of calculation of the 

NAV against such NAV; and (b) data in 

chart format displaying the frequency 

distribution of discounts and premiums 

of the daily Bid/Ask Price against the 

NAV, within appropriate ranges, for 

each of the four previous calendar 

quarters. 

For the Commission, by the Division of 

Investment Management, pursuant to 

delegated authority. 

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. E9–14192 Filed 6–16–09; 8:45 am] 

BILLING CODE 8010–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[File No. 500–1 ] 

Hunt Gold Corporation, F/K/A Prime 

Time Group, Inc.; Order of Suspension 

of Trading 

June 15, 2009. 

It appears to the Securities and 

Exchange Commission that there is a 

lack of current and accurate information 

concerning the securities of Hunt Gold 

Corporation, f/k/a Prime Time Group, 

Inc. (‘‘Hunt Gold’’) because questions 

have been raised about the accuracy and 

adequacy of publicly disseminated 

information concerning, among other 

things, Hunt Gold’s gold mining 

exploration business. 

The Commission is of the opinion that 

the public interest and the protection of 

investors require a suspension of trading 

in the securities of Hunt Gold. 

Therefore, it is ordered, pursuant to 

Section 12(k) of the Securities Exchange 

Act of 1934, that trading in Hunt Gold 

securities is suspended for the period 

from 9:30 a.m. EDT on June 15, 2009, 

through 11:59 p.m. EDT on June 26, 

2009. 

By the Commission. 

Jill M. Peterson, 

Assistant Secretary. 

[FR Doc. E9–14300 Filed 6–15–09; 4:15 pm] 

BILLING CODE 8010–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–60077; File No. SR– 

NYSEAmex–2009–22] 

Self-Regulatory Organizations; Notice 

of Filing and Immediate Effectiveness 

of Rule Change by NYSE Amex, Inc. 

Implementing Schedule of Fees and 

Charges for Exchange Services 

June 9, 2009. 

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

Securities Exchange Act of 1934 (the 

‘‘Act’’) 2 and Rule 19b–4 thereunder,3

notice is hereby given that, on June 1, 

2009, NYSE Amex LLC. (‘‘NYSE Amex’’ 

or the ‘‘Exchange’’) filed with the 

Securities and Exchange Commission 

(the ‘‘Commission’’) the proposed rule 

change as described in Items I, II, and 

III below, which Items have been 

prepared by the self-regulatory 

organization. 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 its 

Schedule of Fees and Charges for 

Exchange Services (the ‘‘Schedule’’). 

While the change to the Schedule 

pursuant to this proposal will be 

effective upon filing, the changes will 

become operative June 1, 2009. The text 

of the proposed rule change is attached 

as Exhibit 5 to the 19b–4 form.4 A copy 

of this filing is available on the 

Exchange’s Web site at www.nyse.com, 

at the Exchange’s principal office 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 

self-regulatory organization 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 those 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 this proposed rule 

change is to modify the list of strategies 

presently included in the strategy 

execution fee cap program (‘‘Strategy 

Cap Program’’). NYSE Amex proposes to 

add ‘‘Jelly Rolls’’ as an eligible strategy 

execution for inclusion in Strategy Cap 

Program. 

A Jelly Roll is a long calendar call 

spread combined with the same short 


dwashington3 on PROD1PC60 with NOTICES
28738 Federal Register / Vol. 74, No. 115 / Wednesday, June 17, 2009 / Notices 

5 15 U.S.C. 78s(b)(3)(A). 

6 17 CFR 240.19b–4(f)(2). 

7 17 CFR 200.30–3(a)(12). 

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

2 15 U.S.C. 78s(b)(3)(A)(i). 

3 17 CFR 240.19b–4(f)(1). 

calendar put spread, or vice versa. This 

option strategy aims to profit from a 

time value spread through the purchase 

and sale of two call and two put 

options, each with different expiration 

dates. A Jelly Roll is created by entering 

into two separate positions 

simultaneously. One position involves 

buying a put and selling a call with the 

same strike price and expiration. The 

second position involves selling a put 

and buying a call, with the same strike 

price, but a different expiration from the 

first position. Below is an example of a 

Jelly Roll strategy execution. 

XYZ Jun/Oct 25 Jelly Roll: 

—Buy XYZ Jun 25 put and sell XYZ 

Jun 25 call 

—Sell XYZ Oct 25 put and buy XYZ 

Oct 25 call 

Market BBO: 

Jun 25 call .51 at .53 

Jun 25 put .72 at .74 

Oct 25 call 1.52 at 1.55 

Oct 25 put 2.35 at 2.39 

.74(long Jun put) + 1.52 (long Oct call) 

¥.51 (short Jun call) ¥2.35 (short Oct 

put) = .60 credit received for the Jelly 

roll. 

Because the referenced Jelly Rolls are 

commonly executed in large volumes 

with profit margins that are generally 

narrow, the Exchange proposes to cap 

the transaction fees associated with 

such executions at $750 per strategy 

execution on the same trading day in 

the same option class. In addition, Jelly 

Rolls will be included in the monthly 

cap of $25,000 per initiating firm for all 

strategy executions. NYSE Amex 

believes that by keeping fees low, the 

Exchange is able to attract liquidity by 

accommodating these transactions. 

2. Statutory Basis 

The Exchange believes that the 

proposal is consistent with Section 6(b) 

of the Act, in general, and Section 

6(b)(4), in particular, in that it provides 

for the equitable allocation of dues, fees 

and other charges among its members 

and other market participants that use 

the trading facilities of NYSE Amex 

Options. Under this proposal, all 

similarly situated Exchange participants 

will be charged the same reasonable 

dues, fees and other charges. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

The Exchange does not believe that 

the proposed rule change will impose 

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 

No written comments were solicited 

or received with respect to the proposed 

rule change. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

The foregoing rule change is effective 

upon filing pursuant to Section 

19(b)(3)(A) 5 of the Act and 

subparagraph (f)(2) of Rule 19b–4 6

thereunder, because it establishes a due, 

fee, or other charge imposed by NYSE 

Amex. 

At any time within 60 days of the 

filing of the proposed rule change, the 

Commission may summarily abrogate 

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. 

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

Number SR–NYSEAmex–2009–22 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 SR–NYSEAmex–2009–22. This 

file number should be included on the 

subject line if e-mail 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 inspection and copying 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. 

Copies of the filing will also be available 

for inspection and copying at the 

principal office of the self-regulatory 

organization. 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– 

NYSEAmex-2009–22 and should be 

submitted on or before July 8, 2009. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.7

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. E9–14145 Filed 6–16–09; 8:45 am] 

BILLING CODE 8010–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–60063; File No. SR–OCC– 

2009–10] 

Self-Regulatory Organizations; The 

Options Clearing Corporation; Notice 

of Filing and Immediate Effectiveness 

of a Proposed Rule Change Relating to 

the Cross-Margining Agreement 

Between OCC and CME 

June 8, 2009. 

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

Securities Exchange Act of 1934,1 notice 

is hereby given that on May 22, 2009, 

The Options Clearing Corporation 

(‘‘OCC’’) filed with the Securities and 

Exchange Commission the proposed 

rule change as described in Items I, II, 

and III below, which Items have been 

prepared primarily by OCC. OCC filed 

the proposed rule change pursuant to 

Section 19(b)(3)(A)(i) of the Act 2 and 

Rule 19b–4(f)(1) thereunder 3 so that the 

proposal was effective upon filing with 

the Commission. The Commission is 

publishing this notice to solicit 


dwashington3 on PROD1PC60 with NOTICES