Notice2023-05527
The RBB Fund, Inc., et al.
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
March 20, 2023
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 88 Issue 53 (Monday, March 20, 2023)</title>
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[Federal Register Volume 88, Number 53 (Monday, March 20, 2023)]
[Notices]
[Page 16704]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-05527]
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SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 34853; 812-15440]
The RBB Fund, Inc., et al.
March 14, 2023.
AGENCY: Securities and Exchange Commission (``Commission'' or ``SEC'').
ACTION: Notice.
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Notice of an application under section 6(c) of the Investment
Company Act of 1940 (the ``Act'') for an exemption from sections
2(a)(32), 5(a)(1), 22(d) and 22(e) of the Act and rule 22c-1 under the
Act and under sections 6(c) and 17(b) of the Act for an exemption from
sections 17(a)(1) and 17(a)(2) of the Act.
Summary of Application: Applicants request an order (``Order'') that
permits: (a) the Funds (as described in the Reference Order (as defined
below)) to issue shares (``Shares'') redeemable in large aggregations
only (``creation units''); (b) secondary market transactions in Shares
to occur at negotiated market prices rather than at net asset value;
(c) certain Funds to pay redemption proceeds, under certain
circumstances, more than seven days after the tender of Shares for
redemption; and (d) certain affiliated persons of a Fund to deposit
securities into, and receive securities from, the Fund in connection
with the purchase and redemption of creation units. The relief in the
Order would incorporate by reference terms and conditions of the same
relief of a previous order granting the same relief sought by
applicants, as that order may be amended from time to time (``Reference
Order'').\1\
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\1\ Blue Tractor ETF Trust and Blue Tractor Group, LLC,
Investment Company Act Rel. Nos. 33682 (November 14, 2019) (notice)
and 33710 (December 10, 2019) (order).
Applicants: The RBB Fund, Inc., The RBB Fund Trust, Quasar Distributors
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LLC, and F/m Investments LLC, DBA North Slope Capital LLC.
Filing Dates: The application was filed on February 28, 2023.
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 on any application by emailing
the SEC's Secretary at <a href="/cdn-cgi/l/email-protection#f1a2949283948590838882dcbe9797989294b1829492df969e87"><span class="__cf_email__" data-cfemail="a7f4c2c4d5c2d3c6d5ded48ae8c1c1cec4c2e7d4c2c489c0c8d1">[email protected]</span></a> and serving the
Applicants with a copy of the request by email, if an email address is
listed for the relevant Applicant below, or personally or by mail, if a
physical address is listed for the relevant Applicant below. Hearing
requests should be received by the Commission by 5:30 p.m. on April 10,
2023, 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, 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 emailing the Commission's Secretary.
ADDRESSES: The Commission: <a href="/cdn-cgi/l/email-protection#683b0d0b1a0d1c091a111b45270e0e010b0d281b0d0b460f071e"><span class="__cf_email__" data-cfemail="a3f0c6c0d1c6d7c2d1dad08eecc5c5cac0c6e3d0c6c08dc4ccd5">[email protected]</span></a>. Applicants:
Steven Plump, <a href="/cdn-cgi/l/email-protection#1a696a766f776a5a6878787c6f747e34797577"><span class="__cf_email__" data-cfemail="592a29352c3429192b3b3b3f2c373d773a3634">[email protected]</span></a>, Michael W. Mundt,
<a href="/cdn-cgi/l/email-protection#0964647c676d7d497a7d7b686d656c70276a6664"><span class="__cf_email__" data-cfemail="e58888908b8191a5969197848189809ccb868a88">[email protected]</span></a>.
FOR FURTHER INFORMATION CONTACT: Trace W. Rakestraw, Senior Special
Counsel, at (202) 551-6825 (Division of Investment Management, Chief
Counsel's Office).
SUPPLEMENTARY INFORMATION: For Applicants' representations, legal
analysis, and conditions, please refer to Applicants' application,
dated February 28, 2023, which may be obtained via the Commission's
website by searching for the file number at the top of this document,
or for an Applicant using the Company name search field on the SEC's
EDGAR system. The SEC's EDGAR system may be searched at <a href="https://www.sec.gov/edgar/searchedgar/legacy/companysearch.html">https://www.sec.gov/edgar/searchedgar/legacy/companysearch.html</a>. You may also
call the SEC's Public Reference Room at (202) 551-8090.
For the Commission, by the Division of Investment Management,
under delegated authority.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-05527 Filed 3-17-23; 8:45 am]
BILLING CODE 8011-01-P
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