Federal Register / Vol. 82, No. 172 / Thursday, September 7, 2017 / Notices 42381 

17 15 U.S.C. 78s(b)(3)(A)(iii). 

18 17 CFR 240.19b–4(f)(6). In addition, 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, along with a brief 

description and 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. The Exchange 

has satisfied this requirement. 19 17 CFR 200.30–3(a)(12). 

file proposals that are substantially 

similar to this proposal. 

The Exchange does not believe that 

the proposed rule change imposes a 

burden on intramarket competition 

because the proposed provisions apply 

to all market participants equally. 

C. Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants, or Others 

The Exchange neither solicited nor 

received comments on the proposed 

rule change. 

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)(iii) of the Act 17 and 

subparagraph (f)(6) of Rule 19b–4 

thereunder.18

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: (i) Necessary or appropriate in 

the public interest; (ii) for the protection 

of investors; or (iii) 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 rule-comments@

sec.gov. Please include File Number SR– 

CBOE–2017–058 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–CBOE–2017–058. 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 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–CBOE– 

2017–058, and should be submitted on 

or before September 28, 2017. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.19

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2017–18939 Filed 9–6–17; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Investment Company Act Release No. 

32805; File No. 812–14754] 

American Century International Bond 

Funds, et al. 

August 31, 2017. 

AGENCY: Securities and Exchange 

Commission. 

ACTION: Notice. 

Notice of an application for an order 

under section 12(d)(1)(J) of the 

Investment Company Act of 1940 (the 

‘‘Act’’) for an exemption from sections 

12(d)(1)(A), (B), and (C) of the Act and 

under sections 6(c) and 17(b) of the Act 

for an exemption from sections 17(a)(1) 

and (2) of the Act. The requested order 

would permit certain registered openend investment companies to acquire 

shares of certain registered open-end 

investment companies, registered 

closed-end investment companies, 

business development companies, as 

defined in section 2(a)(48) of the Act 

(‘‘BDCs’’) and registered unit investment 

trusts (collectively, ‘‘Underlying 

Funds’’) that are within and outside the 

same group of investment companies as 

the acquiring investment companies, in 

excess of the limits in section 12(d)(1) 

of the Act. 

Applicants: American Century 

International Bond Funds (‘‘ACIBF’’), a 

Massachusetts business trust, and 

American Century Strategic Asset 

Allocations, Inc. (‘‘ACSAA’’), a 

Maryland corporation, each registered 

under the Act as an open-end 

management investment company with 

multiple series (each series, a ‘‘Fund’’ 

and collectively, the ‘‘Funds’’); 

American Century Investment 

Management, Inc. (‘‘ACIM’’ or the 

‘‘Advisor’’), a Delaware Corporation 

registered as an investment adviser 

under the Investment Advisers Act of 

1940; and American Century Investment 

Services, Inc., a Missouri corporation, 

registered as a broker-dealer under the 

Securities Exchange Act of 1934 

(‘‘Exchange Act’’). 

Filing Dates: The application was 

filed on March 7, 2017, and amended on 

August 4, 2017. 

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 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 September 25, 2017 and 

should be accompanied by proof of 

mstockstill on DSK30JT082PROD with NOTICES

42382 Federal Register / Vol. 82, No. 172 / Thursday, September 7, 2017 / Notices 

1Applicants request that the order apply not only 

to any existing series of ACIBF and ACSAA, but 

that the order also extend to any future series of 

ACIBF and ACSAA, and any other existing or future 

registered open-end management investment 

companies and any series thereof that are, or in the 

future be, advised by the Advisor or any other 

investment adviser controlling, controlled by or 

under common control with the Advisor and that 

are part of the same group of investment companies, 

as defined in section 12(d)(1)(G)(ii) of the Act, as 

ACIBF and ACSAA (together with the existing 

series of ACIBF and ACSAA, each series a ‘‘Fund’’). 

All references to the term ‘‘Advisor’’ include 

successors-in-interest to the Advisor. For purposes 

of the requested order, a successor-in-interest is 

limited to an entity that results from a 

reorganization into another jurisdiction or a change 

in the type of business organization. For purposes 

of the request for relief, the term ‘‘group of 

investment companies’’ means any two or more 

registered investment companies, including closedend investment companies, that hold themselves 

out to investors as related companies for purposes 

of investment and investor services. 

2Certain of the Underlying Funds have obtained 

exemptions from the Commission necessary to 

permit their shares to be listed and traded on a 

national securities exchange at negotiated prices 

and, accordingly, to operate as an exchange-traded 

fund (‘‘ETF’’). 

3Applicants do not request relief for the Funds 

of Funds to invest in reliance on the order in BDCs 

and registered closed-end investment companies 

that are not listed on a national securities exchange. 

4A Fund of Funds generally would purchase and 

sell shares of an Underlying Fund that operates as 

an ETF through secondary market transactions 

rather than through principal transactions with the 

Underlying Fund. Applicants nevertheless request 

relief from sections 17(a)(1) and (2) to permit each 

Fund of Funds that is an affiliated person, or an 

affiliated person of an affiliated person, as defined 

in section 2(a)(3) of the Act, of an ETF to purchase 

or redeem shares from the ETF. Applicants are not 

seeking relief from section 17(a) for, and the 

requested relief will not apply to, transactions 

where an ETF could be deemed an affiliated person, 

or an affiliated person of an affiliated person, of a 

Fund of Funds because an investment adviser to the 

ETF or an entity controlling, controlled by or under 

common control with the investment adviser to the 

ETF is also an investment adviser to the Fund of 

Funds. A Fund of Funds will purchase and sell 

shares of an Underlying Fund that is a closed-end 

fund through secondary market transactions at 

market prices rather than through principal 

transactions with the closed-end fund. Accordingly, 

applicants are not requesting section 17(a) relief 

with respect to principal transactions with closedend funds. 

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). 

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, 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: c/o Mr. Giles Walsh, Esq., 

American Century Investments, 4500 

Main Street, Kansas City, Missouri 

64111. 

FOR FURTHER INFORMATION CONTACT: 

Elizabeth G. Miller, Senior Counsel, at 

(202) 551–8707, or Holly Hunter-Ceci, 

Assistant Chief Counsel, 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 

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. 

Summary of the Application 

1. Applicants request an order to 

permit (a) a Fund 1 (each a ‘‘Fund of 

Funds’’) to acquire shares of Underlying 

Funds 2 in excess of the limits in 

sections 12(d)(1)(A) and (C) of the Act 

and (b) the Underlying Funds that are 

registered open-end investment 

companies or series thereof, their 

principal underwriters and any broker 

or dealer registered under the Exchange 

Act to sell shares of the Underlying 

Fund to the Fund of Funds in excess of 

the limits in section 12(d)(1)(B) of the 

Act.3 Applicants also request an order of 

exemption under sections 6(c) and 17(b) 

of the Act from the prohibition on 

certain affiliated transactions in section 

17(a) of the Act to the extent necessary 

to permit the Underlying Funds to sell 

their shares to, and redeem their shares 

from, the Funds of Funds.4 Applicants 

state that such transactions will be 

consistent with the policies of each 

Fund of Funds and each Underlying 

Fund and with the general purposes of 

the Act and will be based on the net 

asset values of the Underlying Funds. 

2. Applicants agree that any order 

granting the requested relief will be 

subject to the terms and conditions 

stated in the application. Such terms 

and conditions are designed to, among 

other things, help prevent any potential 

(i) undue influence over an Underlying 

Fund that is not in the same ‘‘group of 

investment companies’’ as the Fund of 

Funds through control or voting power, 

or in connection with certain services, 

transactions, and underwritings, (ii) 

excessive layering of fees, and (iii) 

overly complex fund structures, which 

are the concerns underlying the limits 

in sections 12(d)(1)(A), (B), and (C) of 

the Act. 

3. Section 12(d)(1)(J) 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 provision of section 12(d)(1) if the 

exemption is consistent with the public 

interest and the protection of investors. 

Section 17(b) of the Act authorizes the 

Commission to grant an order 

permitting a transaction otherwise 

prohibited by section 17(a) if it finds 

that (a) the terms of the proposed 

transaction are fair and reasonable and 

do not involve overreaching on the part 

of any person concerned; (b) the 

proposed transaction is consistent with 

the policies of each registered 

investment company involved; and (c) 

the proposed transaction is consistent 

with the general purposes of the Act. 

Section 6(c) of the Act permits the 

Commission to exempt any persons or 

transactions from any provision of the 

Act if 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. 

For the Commission, by the Division of 

Investment Management, pursuant to 

delegated authority. 

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2017–18931 Filed 9–6–17; 8:45 am] 

BILLING CODE P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–81515; File No. SRBatsEDGX–2017–36] 

Self-Regulatory Organizations; Bats 

EDGX Exchange, Inc.; Notice of Filing 

and Immediate Effectiveness of a 

Proposed Rule Change To Amend Rule 

20.3, Trading Halts, and Rule 20.6, 

Nullification and Adjustment of 

Options Transactions Including 

Obvious Errors 

August 31, 2017. 

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

Securities Exchange Act of 1934 (the 

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

notice is hereby given that on August 

29, 2017, Bats EDGX Exchange, Inc. (the 

‘‘Exchange’’ or ‘‘EDGX’’) 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 ‘‘noncontroversial’’ 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 

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