Federal Register / Vol. 82, No. 168 / Thursday, August 31, 2017 / Notices 41451 

30 15 U.S.C. 78s(b)(3)(A)(ii). 

31 15 U.S.C. 78s(b)(2)(B). 32 17 CFR 200.30–3(a)(12). 

because, while the proposed fee would 

only be assessed in some circumstances, 

those circumstances are not based on 

the type of Member entering the 

liquidity removing order but on the 

percent and amount of liquidity 

removing volume that the Member 

executes when the CQI is on. Further, 

the proposed fee is intended to 

encourage market participants to bring 

increased volume to the Exchange, 

which benefits all market participants. 

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 

The foregoing rule change has become 

effective pursuant to Section 

19(b)(3)(A)(ii) 30 of the Act. 

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 

under Section 19(b)(2)(B) 31 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– 

IEX–2017–27 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–IEX–2017–27. 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 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; 

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–IEX– 

2017–27, and should be submitted on or 

before September 21, 2017. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.32

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2017–18447 Filed 8–30–17; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. IC–32796] 

Notice of Applications for 

Deregistration Under Section 8(f) of the 

Investment Company Act of 1940 

August 25, 2017. 

The following is a notice of 

applications for deregistration under 

section 8(f) of the Investment Company 

Act of 1940 for the month of August 

2017. A copy of each application may be 

obtained via the Commission’s Web site 

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. An order granting each 

application will be issued unless the 

SEC orders a hearing. Interested persons 

may request a hearing on any 

application by writing to the SEC’s 

Secretary at the address below and 

serving the relevant applicant with a 

copy of the request, personally or by 

mail. Hearing requests should be 

received by the SEC by 5:30 p.m. on 

September 19, 2017, 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: The Commission: Secretary, 

U.S. Securities and Exchange 

Commission, 100 F Street NE., 

Washington, DC 20549–1090. 

FOR FURTHER INFORMATION CONTACT: HaeSung Lee, Attorney-Adviser, at (202) 

551–7345 or Chief Counsel’s Office at 

(202) 551–6821; SEC, Division of 

Investment Management, Chief 

Counsel’s Office, 100 F Street NE., 

Washington, DC 20549–8010. 

Cash Reserve Fund, Inc. [File No. 811– 

03196] 

Summary: Applicant seeks an order 

declaring that it has ceased to be an 

investment company. On April 21, 

2017, applicant made a liquidating 

distribution to its shareholders, based 

on net asset value. Expenses of $2,325 

incurred in connection with the 

liquidation were paid by the applicant. 

Filing Date: The application was filed 

on July 28, 2017. 

Applicant’s Address: 345 Park 

Avenue, New York, New York 10154. 

Goldman Sachs Diversified Income 

Fund [File No. 811–23083] 

Summary: Applicant, a closed-end 

investment company, seeks an order 

declaring that it has ceased to be an 

investment company. Applicant has 

never made a public offering of its 

securities and does not propose to make 

a public offering or engage in business 

of any kind. 

Filing Date: The application was filed 

on August 3, 2017. 

Applicant’s Address: 200 West Street, 

New York, New York 10282. 

Goldman Sachs Dynamic Income 

Opportunities Fund [File No. 811– 

22868] 

Summary: Applicant, a closed-end 

investment company, seeks an order 


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41452 Federal Register / Vol. 82, No. 168 / Thursday, August 31, 2017 / Notices 

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

2 17 CFR 240.19b–4. 

3See Securities and Exchange Act Release No. 

74892 (May 6, 2015), 80 FR 27513 (File No. 4–657). 

See also Securities and Exchange Act Release No. 

76382 (November 6, 2015) (File No. 4–657), 80 FR 

70284 (File No. 4–657) (November 13, 2015), which 

extended the pilot period commencement date from 

May 6, 2015 to October 3, 2016. 

4See Securities Exchange Act Release No. 81078 

(July 5, 2017), 82 FR 32026 (‘‘Notice’’). 

5 IEX Rule 11.151 requires market makers for each 

stock in which they are registered to continuously 

maintain a two-sided quotation within a designated 

percentage of the National Best Bid (‘‘NBB’’) and 

National Best Offer (‘‘NBO’’). 

6 17 CFR 240.15c3–5. 

7See Notice, supra note 4, at 32027. See also 17 

CFR 242.200 through 204 (Regulation SHO). 

8See Notice, supra note 4, at 32027. 

9See id. 

declaring that it has ceased to be an 

investment company. Applicant has 

never made a public offering of its 

securities and does not propose to make 

a public offering or engage in business 

of any kind. 

Filing Date: The application was filed 

on August 3, 2017. 

Applicant’s Address: 200 West Street, 

New York, New York 10282. 

HSBC Advisor Funds Trust [File No. 

811–07583] 

Summary: Applicant seeks an order 

declaring that it has ceased to be an 

investment company. Each series of 

applicant has transferred its assets to a 

corresponding series of HSBC Funds 

and, on June 24, 2016, made a final 

distribution to its shareholders based on 

net asset value. Expenses of $15,173 

incurred in connection with the 

reorganization were paid by the 

applicant and the applicant’s 

investment adviser. 

Filing Dates: The application was 

filed on August 4, 2017, and amended 

on August 18, 2017. 

Applicant’s Address: 4400 Easton 

Commons, Suite 200, Columbus, Ohio 

43219–3035. 

HSBC Portfolios [File No. 811–08928] 

Summary: Applicant seeks an order 

declaring that it has ceased to be an 

investment company. Each series of 

applicant has transferred its assets to a 

corresponding series of HSBC Funds 

and, on June 24, 2016, made a final 

distribution to its shareholders based on 

net asset value. Expenses of $2,463 

incurred in connection with the 

reorganization were paid by the 

applicant and the applicant’s 

investment adviser. 

Filing Dates: The application was 

filed on August 4, 2017, and amended 

on August 18, 2017. 

Applicant’s Address: 4400 Easton 

Commons, Suite 200, Columbus, Ohio 

43219–3035. 

Kalmar Pooled Investment Trust [File 

No. 811–07853] 

Summary: Applicant seeks an order 

declaring that it has ceased to be an 

investment company. On June 23, 2017, 

applicant made a liquidating 

distribution to its shareholders, based 

on net asset value. Expenses of $200,000 

incurred in connection with the 

liquidation were paid by the applicant. 

Filing Date: The application was filed 

on August 18, 2017. 

Applicant’s Address: Barley Mill 

House, 3701 Kennett Pike, Wilmington, 

Delaware 19807. 

JPMorgan China Region Fund, Inc. [File 

No. 811–06686] 

Summary: Applicant, a closed-end 

investment company, seeks an order 

declaring that it has ceased to be an 

investment company. On July 14, 2017, 

applicant made a liquidating 

distribution to its shareholders, based 

on net asset value. Applicant has 62 

remaining shareholders, and each is 

entitled to a pro rata share of the assets, 

if any, remaining after the winding up 

of applicant’s affairs. Applicant’s 

remaining assets were transferred to a 

liquidating trust in which shareholders 

have a pro rata beneficial interest. 

Expenses of $192,043 incurred in 

connection with the liquidation were 

paid by the applicant. 

Filing Date: The application was filed 

on August 18, 2017. 

Applicant’s Address: 1 Beacon Street, 

18th Floor, Boston, Massachusetts 

02108. 

Touchstone Investment Trust [File No. 

811–02538] 

Summary: Applicant seeks an order 

declaring that it has ceased to be an 

investment company. Each series of 

applicant has transferred its assets to a 

corresponding series of Touchstone 

Funds Group Trust and, on January 27, 

2017, made a final distribution to its 

shareholders based on net asset value. 

Expenses of $51,370 incurred in 

connection with the reorganization were 

paid by the applicant’s investment 

adviser. 

Filing Dates: The application was 

filed on August 9, 2017, and amended 

on August 23, 2017. 

Applicant’s Address: 303 Broadway, 

Suite 1100, Cincinnati, Ohio 45202. 

For the Commission, by the Division of 

Investment Management, pursuant to 

delegated authority. 

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2017–18453 Filed 8–30–17; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–81482; File No. SR–IEX– 

2017–22] 

Self-Regulatory Organizations; 

Investors Exchange LLC; Order 

Approving a Proposed Rule Change To 

Introduce a New Market Maker Peg 

Order 

August 25, 2017. 

I. Introduction 

On June 30, 2017, the Investors 

Exchange LLC (‘‘IEX’’ or the 

‘‘Exchange’’) filed with the Securities 

and Exchange Commission 

(‘‘Commission’’), pursuant to Section 

19(b)(1) of the Securities Exchange Act 

of 1934 (‘‘Act’’) 1 and Rule 19b–4 

thereunder,2 a proposed rule change to 

(i) introduce a new Market Maker Peg 

Order; (ii) amend IEX Rule 11.510(c) to 

specify connectivity within the 

Exchange System when repricing a 

Market Maker Peg Order; and (iii) 

amend IEX Rule 11.340(d) to describe 

how Market Maker Peg Orders will be 

priced in order to comply with the Plan 

to Implement a Tick Size Pilot Program 

(‘‘Tick Pilot Plan’’).3 The proposed rule 

change was published for comment in 

the Federal Register on July 11, 2017.4

The Commission received no comments 

on the proposed rule change. This order 

approves the proposed rule change. 

II. Description of the Proposed Rule 

Change 

The Exchange proposes to introduce a 

new Market Maker Peg Order that the 

Exchange states is designed to promote 

compliance by market makers with the 

continuous quoting and pricing 

obligations of IEX Rule 11.151 (Market 

Maker Obligations),5 in a manner 

consistent with the requirements under 

Rule 15c3–5 of the Act (‘‘Market Access 

Rule’’) 6 and Regulation SHO.7 The 

Exchange states that ‘‘this order-based 

approach would provide an effective 

compliance tool to facilitate market 

makers compliance with the 

requirements of the Market Access Rule 

and Regulation SHO while also 

providing quotation adjusting 

functionality to its market makers.’’ 8

IEX also states that market makers will 

have control of order origination, as 

required by the Market Access Rule, and 

retain the ability to make marking and 

locate determinations prior to order 

entry, as required by Regulation SHO.9

As proposed, the Market Maker Peg 

Order will be a one-sided limit order 


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