Federal Register / Vol. 82, No. 178 / Friday, September 15, 2017 / Notices 43439 

66 Id. 

67 15 U.S.C. 78s(b)(2). 

68 17 CFR 200.30–3(a)(12). 

percentage of new arbitrators who are 

women and the percentage of new 

arbitrators who are AfricanAmericans.66

Taking into consideration the 

comments and FINRA’s responses, the 

Commission believes that the proposal 

is consistent with the Exchange Act. 

The Commission believes that the 

proposal will help protect investors and 

the public interest by, among other 

things, increasing the size and diversity 

of the FINRA arbitrator pool from which 

parties can select a panel. The 

Commission believes that expanding 

investor choice in the arbitrator 

selection process improves efficiency 

and enhances the integrity of the forum. 

In addition, the Commission believes 

that FINRA’s response to commenters, 

as discussed in more detail above, 

appropriately addressed their concerns 

and adequately explained FINRA’s 

reasons for declining to modify its 

proposal. Accordingly, the Commission 

believes that the approach proposed by 

FINRA is appropriate and designed to 

protect investors and the public interest, 

consistent with Section 15A(b)(6) of the 

Exchange Act and the rules and 

regulations thereunder. 

V. Conclusion 

It is therefore ordered pursuant to 

Section 19(b)(2) of the Exchange Act 67

that the proposal (SR–FINRA–2017– 

025), be and hereby is approved. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.68

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2017–19582 Filed 9–14–17; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release Nos. 33–10412; 34–8158; File No. 

265–28] 

Investor Advisory Committee Meeting 

AGENCY: Securities and Exchange 

Commission. 

ACTION: Notice of meeting of Securities 

and Exchange Commission Dodd-Frank 

Investor Advisory Committee. 

SUMMARY: The Securities and Exchange 

Commission Investor Advisory 

Committee, established pursuant to 

Section 911 of the Dodd-Frank Wall 

Street Reform and Consumer Protection 

Act of 2010, is providing notice that it 

will hold a public meeting. The public 

is invited to submit written statements 

to the Committee. 

DATES: The meeting will be held on 

Thursday, October 12, 2017 from 9:30 

a.m. until 3:10 p.m. (ET). Written 

statements should be received on or 

before October 12, 2017. 

ADDRESSES: The meeting will be held in 

Multi-Purpose Room LL–006 at the 

Commission’s headquarters, 100 F 

Street NE., Washington, DC 20549. The 

meeting will be webcast on the 

Commission’s Web site at www.sec.gov. 

Written statements may be submitted by 

any of the following methods: 

Electronic Statements 

D Use the Commission’s Internet 

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

rules/other.shtml); or 

D Send an email message to rulescomments@sec.gov. Please include File 

No. 265–28 on the subject line; or 

Paper Statements 

D Send paper statements to Brent J. 

Fields, Secretary, Securities and 

Exchange Commission, 100 F Street NE., 

Washington, DC 20549–1090. 

All submissions should refer to File No. 

265–28. This file number should be 

included on the subject line if email is 

used. To help us process and review 

your statement more efficiently, please 

use only one method. 

Statements also will be available for 

Web site viewing and printing in the 

Commission’s Public Reference Room, 

100 F Street NE., Room 1503, 

Washington, DC 20549, on official 

business days between the hours of 

10:00 a.m. and 3:00 p.m. All statements 

received will be posted without change; 

we do not edit personal identifying 

information from submissions. You 

should submit only information that 

you wish to make available publicly. 

FOR FURTHER INFORMATION CONTACT: 

Marc Oorloff Sharma, Chief Counsel, 

Office of the Investor Advocate, at (202) 

551–3302, Securities and Exchange 

Commission, 100 F Street NE., 

Washington, DC 20549. 

SUPPLEMENTARY INFORMATION: The 

meeting will be open to the public, 

except during that portion of the 

meeting reserved for an administrative 

work session during lunch. Persons 

needing special accommodations to take 

part because of a disability should 

notify the contact person listed in the 

section above entitled FOR FURTHER

INFORMATION CONTACT. 

The agenda for the meeting includes: 

Remarks from Commissioners; a 

discussion regarding blockchain and 

other distributed ledger technology and 

implications for securities markets; an 

overview of law school clinic advocacy 

efforts on behalf of retail investors; a 

discussion regarding electronic delivery 

of information to retail investors (which 

may include a recommendation of the 

Investor as Purchaser Subcommittee); 

subcommittee reports; and a nonpublic 

administrative work session during 

lunch. 

Dated: September 12, 2017. 

Brent J. Fields, 

Secretary. 

[FR Doc. 2017–19674 Filed 9–14–17; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Investment Company Act Release No. 

32813; 812–14780] 

Innovator ETFS Trust and Innovator 

Capital Management, LLC 

September 11, 2017. 

AGENCY: Securities and Exchange 

Commission (‘‘Commission’’). 

ACTION: Notice. 

Notice of an application under section 

6(c) of the Investment Company Act of 

1940 (‘‘Act’’) for an exemption from 

section 15(a) of the Act and rule 18f–2 

under the Act. The requested exemption 

would permit an investment adviser to 

hire and replace certain subadvisers 

without shareholder approval. 

APPLICANTS: Innovator ETFS Trust (the 

‘‘Trust’’), a Delaware statutory trust 

registered under the Act as an open-end 

management investment company, and 

Innovator Capital Management, LLC, a 

Delaware limited liability company 

registered as an investment adviser 

under the Investment Advisers Act of 

1940 (the ‘‘Adviser’’ or ‘‘Innovator’’ and, 

collectively with the Trust, the 

‘‘Applicants’’). 

FILING DATES: The application was filed 

on June 7, 2017 and amended on 

September 8, 2017. 

HEARING OR NOTIFICATION OF HEARING: An 

order granting the application will be 

issued unless the Commission orders a 

hearing. Interested persons may request 

a hearing by writing to the 

Commission’s Secretary and serving 

Applicants with a copy of the request, 

personally or by mail. Hearing requests 

should be received by the Commission 

by 5:30 p.m. on October 5, 2017 and 

should be accompanied by proof of 

service on the 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, 

mstockstill on DSK30JT082PROD with NOTICES

43440 Federal Register / Vol. 82, No. 178 / Friday, September 15, 2017 / Notices 

1Applicants request relief with respect to any 

existing or future series of the Trust and any other 

existing or future registered open-end management 

investment company or series thereof that: (a) Is 

advised by the Adviser or its successors, including 

any entity controlling, controlled by, or under 

common control with the Adviser or its successors 

(each, also an ‘‘Adviser’’); (b) uses the manager of 

managers structure described in the application; 

and (c) complies with the terms and conditions of 

the application (any such series, a ‘‘Fund’’ and 

collectively, the ‘‘Funds’’). For purposes of the 

requested order, ‘‘successor’’ is limited to an entity 

that results from a reorganization into another 

jurisdiction or a change in the type of business 

organization. 

2The requested relief will not extend to any 

subadviser that is an affiliated person, as defined in 

section 2(a)(3) of the Act, of the Trust, a Fund or 

the Adviser, other than by reason of serving as a 

subadviser to one or more of the Funds. 

3Prior to May, 2017, Innovator Management LLC 

(‘‘Innovator Management’’) served as the Funds’ 

investment adviser. (Innovator and Innovator 

Management are not affiliated persons of each 

other.) Innovator Management entered into an 

agreement with Innovator pursuant to which 

Innovator Management transferred the assets of its 

investment advisory business and related 

intellectual property to Innovator (the 

‘‘Transaction’’). The closing of the Transaction (the 

‘‘Closing’’) occurred on May 9, 2017. The 

Commission previously granted relief to Innovator 

Management and the Trust that, other than the 

identity of the investment adviser, was identical in 

all material respects to that requested in the 

Application. Academy Funds Trust and Innovator 

Management LLC, Investment Company Act Release 

Nos. 31679 (June 17, 2015)(notice) and 31711 (July 

9, 2015)(order) (‘‘Existing Order’’). On May 5, 2017, 

the Commission staff provided oral no-action relief 

to Innovator and the Trust to rely on the Existing 

Order until the earlier of the receipt of any order 

granted by the Commission on the Application or 

150 days from the date of the Closing. 

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: Secretary, U.S. Securities 

and Exchange Commission, 100 F Street 

NE., Washington, DC 20549–1090. 

Applicants: H. Bruce Bond, Innovator 

Capital Management, LLC, 120 N. Hale 

Street, Suite 200, Wheaton, Illinois 

60187. 

FOR FURTHER INFORMATION CONTACT: 

Barbara T. Heussler, Senior Counsel, at 

(202) 551–6990, or Andrea Ottomanelli 

Magovern, Acting Branch Chief, at (202) 

551–6821 (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 

Web site by searching for the file 

number, or an applicant using the 

Company name box, at http://

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

calling (202) 551–8090. 

Summary of the Application 

1. The Adviser serves as the 

investment adviser to the Funds 

pursuant to investment advisory 

agreements with the Trust on behalf of 

each Fund (collectively, the ‘‘Advisory 

Agreements’’).1 The Adviser is 

responsible for the overall management 

of the Funds’ business affairs and 

selecting investments according to the 

Funds’ investment objectives, policies, 

and restrictions, subject to the authority 

of the board of trustees of the Trust 

(‘‘Board’’). The Advisory Agreements 

permit the Adviser, subject to the 

approval of the Board, to delegate to one 

or more unaffiliated subadvisers (each, 

a ‘‘Subadviser’’ and collectively, the 

‘‘Subadvisers’’) the responsibility to 

provide the day-to-day portfolio 

investment management of each Fund, 

subject to the supervision and direction 

of the Adviser. The primary 

responsibility for managing the Funds 

will remain vested in the Adviser. The 

Adviser will hire, evaluate, allocate 

assets to and oversee the Subadvisers, 

including determining whether a 

Subadviser should be terminated, at all 

times subject to the authority of the 

Board. 

2. Applicants request an exemption to 

permit the Adviser, subject to Board 

approval, to hire certain Subadvisers 

pursuant to Subadvisory Agreements 

and materially amend existing 

Subadvisory Agreements without 

obtaining the shareholder approval 

required under section 15(a) of the Act 

and rule 18f–2 under the Act.2

3. Applicants agree that any order 

granting the requested relief will be 

subject to the terms and conditions 

stated in the application.3 Such terms 

and conditions provide for, among other 

safeguards, appropriate disclosure to 

Fund shareholders and notification 

about subadvisory changes and 

enhanced Board oversight to protect the 

interests of the Funds’ shareholders. 

4. Section 6(c) of the Act provides that 

the Commission may exempt any 

person, security, or transaction or any 

class or classes of persons, securities, or 

transactions from any provisions of the 

Act, or any rule thereunder, if such 

relief is necessary or appropriate in the 

public interest and consistent with the 

protection of investors and purposes 

fairly intended by the policy and 

provisions of the Act. Applicants 

believe that the requested relief meets 

this standard because, as further 

explained in the application, the 

Advisory Agreements will remain 

subject to shareholder approval, while 

the role of the Subadvisers is 

substantially similar to that of 

individual portfolio managers, so that 

requiring shareholder approval of 

Subadvisory Agreements would impose 

unnecessary delays and expenses on the 

Funds. 

For the Commission, by the Division of 

Investment Management, under delegated 

authority. 

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2017–19577 Filed 9–14–17; 8:45 am] 

BILLING CODE 8011–01–P 

SMALL BUSINESS ADMINISTRATION 

[Disaster Declaration #15302 and #15303; 

Florida Disaster Number FL–00130] 

Presidential Declaration of a Major 

Disaster for the State of Florida 

AGENCY: U.S. Small Business 

Administration. 

ACTION: Notice. 

SUMMARY: This is a Notice of the 

Presidential declaration of a major 

disaster for the State of Florida (FEMA– 

4337–DR), dated September 10, 2017. 

DATES: Issued on 09/10/2017. 

Physical Loan Application Deadline 

Date: 11/09/2017. 

Economic Injury (EIDL) Loan 

Application Deadline Date: 06/11/2018. 

ADDRESSES: Submit completed loan 

applications to: U.S. Small Business 

Administration, Processing and 

Disbursement Center, 14925 Kingsport 

Road, Fort Worth, TX 76155. 

FOR FURTHER INFORMATION CONTACT: A. 

Escobar, Office of Disaster Assistance, 

U.S. Small Business Administration, 

409 3rd Street SW., Suite 6050, 

Washington, DC 20416, (202) 205–6734. 

SUPPLEMENTARY INFORMATION: Notice is 

hereby given that as a result of the 

President’s major disaster declaration on 

09/10/2017, applications for disaster 

loans may be filed at the address listed 

above or other locally announced 

locations. 

Incident: Hurricane Irma. 

Incident Period: 09/04/2017 and 

continuing. 

The following areas have been 

determined to be adversely affected by 

the disaster: 

Primary Counties (Physical Damage and 

Economic Injury Loans): Charlotte, 

Collier, Hillsborough, Lee, Manatee, 

Miami-Dade, Monroe, Pinellas, 

Sarasota. 

Contiguous Counties (Economic Injury 

Loans Only): 

Florida: Broward, Desoto, Glades, 

Hardee, Hendry, Highlands, Pasco, 

Polk. 

The Interest Rates are: 

mstockstill on DSK30JT082PROD with NOTICES