[Federal Register Volume 79, Number 70 (Friday, April 11, 2014)]
[Notices]
[Pages 20273-20281]
[FR Doc No: 2014-08129]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-71894; File No. SR-NYSEArca-2014-30]

Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing
of Proposed Rule Change Relating to Listing and Trading Shares of Hull
Tactical US ETF Under NYSE Arca Equities Rule 8.600

April 7, 2014.
    Pursuant to Section 19(b)(1) \1\ of the Securities Exchange Act of
1934 (``Act'') \2\ and Rule 19b-4 thereunder,\3\ notice is hereby given
that, on March 24, 2014, NYSE Arca, Inc. (``Exchange'' or ``NYSE
Arca'') filed with the Securities and Exchange Commission (the
``Commission'') the proposed rule change as described in Items I and II
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.
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    \1\ 15 U.S.C.78s(b)(1).
    \2\ 15 U.S.C. 78a.
    \3\ 17 CFR 240.19b-4.
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I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change

    The Exchange proposes to list and trade shares of the following
under NYSE Arca Equities Rule 8.600 (``Managed Fund Shares''): Hull
Tactical US ETF. The text of the proposed rule change is available on
the Exchange's Web site at www.nyse.com, at the

principal office of the Exchange, 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 the
Statutory Basis for, the Proposed Rule Change

1. Purpose
    The Exchange proposes to list and trade the shares (``Shares'') of
Hull Tactical US ETF (the ``Fund'') under NYSE Arca Equities Rule
8.600, which governs the listing and trading of Managed Fund Shares \4\
on the Exchange.\5\ The Shares will be offered by the Exchange Traded
Concepts Trust (``Trust''), a Delaware statutory trust. The Trust is
registered with the Commission as an investment company.\6\
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    \4\ A Managed Fund Share is a security that represents an
interest in an investment company registered under the Investment
Company Act of 1940 (15 U.S.C. 80a-1) (``1940 Act'') organized as an
open-end investment company or similar entity that invests in a
portfolio of securities selected by its investment adviser
consistent with its investment objectives and policies. In contrast,
an open-end investment company that issues Investment Company Units,
listed and traded on the Exchange under NYSE Arca Equities Rule
5.2(j)(3), seeks to provide investment results that correspond
generally to the price and yield performance of specific foreign or
domestic stock index, fixed income securities index, or combination
thereof.
    \5\ The Commission has previously approved listing and trading
on the Exchange of a number of actively managed funds under Rule
8.600. See, e.g., Securities Exchange Act Release Nos. 61842 (April
5, 2010), 75 FR 18554 (April 12, 2010) (SR-NYSEArca-2012-10) (order
approving Exchange listing and trading of Mars Hill Global Relative
Value ETF (f/k/a HTE Global Relative Value ETF)); 67559 (Aug. 1,
2012), 77 FR 47482 (Aug. 8, 2012) (SR-NYSEArca-2012-57) (order
approving Exchange listing and trading of QAM Equity Hedge ETF); and
67552 (Aug. 1, 2012), 77 FR 47131 (Aug. 7, 2012) (SR-NYSEArca-2012-
55) (notice of filing of proposed rule change to list and trade
shares of STAR Global Buy-Write ETF).
    \6\ The Trust is registered under the 1940 Act. On July 26,
2013, the Trust filed with the Commission a post-effective amendment
to its registration statement on Form N-1A relating to the Fund
(File Nos. 333-156529 and 811-22263) (the ``Registration
Statement''). The descriptions of the operation of the Trust and the
Shares contained herein are based, in part, on the Registration
Statement. In addition, the Commission has issued an order granting
certain exemptive relief to the Trust under the1940 Act. See
Investment Company Act Release No.30445 (April 2, 2013) (File No.
812-13969) (``Exemptive Order'').
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    Exchange Traded Concepts, LLC will be the investment adviser
(``Adviser'') to the Fund. HTAA, LLC will be the sub-adviser to the
Fund (the ``Sub-Adviser''). SEI Investments Co. will serve as the
administrator of the Fund (``Administrator''). JP Morgan Chase Bank
N.A. will serve as the custodian, transfer agent and dividend
disbursing agent of the Fund. SEI Investments Distribution Co. will
serve as the distributor (``Distributor'') for the Trust.
    Commentary .06 to Rule 8.600 provides that, if the investment
adviser to the investment company issuing Managed Fund Shares is
affiliated with a broker-dealer, such investment adviser shall erect a
``fire wall'' between the investment adviser and the broker-dealer with
respect to access to information concerning the composition and/or
changes to such investment company portfolio. In addition, Commentary
.06 further requires that personnel who make decisions on the open-end
fund's portfolio composition must be subject to procedures designed to
prevent the use and dissemination of material nonpublic information
regarding the open-end fund's portfolio.\7\ Commentary .06 to Rule
8.600 is similar to Commentary .03(a)(i) and (iii) to NYSE Arca
Equities Rule 5.2(j)(3); however, Commentary .06 in connection with the
establishment of a ``fire wall'' between the investment adviser and the
broker-dealer reflects the applicable open-end fund's portfolio, not an
underlying benchmark index, as is the case with index-based funds.
Neither the Adviser nor the Sub-Adviser is or is affiliated with a
broker-dealer. In the event (a) the Adviser or Sub-Adviser becomes, or
becomes newly affiliated with, a broker-dealer, or (b) any new manager,
adviser, or sub-adviser is, or becomes affiliated with, a broker-
dealer, it will implement a fire wall with respect to its relevant
personnel or broker-dealer affiliate, as applicable, regarding access
to information concerning the composition and/or changes to the
portfolio, and will be subject to procedures designed to prevent the
use and dissemination of material, non-public information regarding
such portfolio.
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    \7\ An investment adviser to an open-end fund is required to be
registered under the Investment Advisers Act of 1940 (the ``Advisers
Act''). As a result, the Adviser and Sub-Adviser and their related
personnel are subject to the provisions of Rule 204A-1 under the
Advisers Act relating to codes of ethics. This Rule requires
investment advisers to adopt a code of ethics that reflects the
fiduciary nature of the relationship to clients as well as
compliance with other applicable securities laws. Accordingly,
procedures designed to prevent the communication and misuse of non-
public information by an investment adviser must be consistent with
Rule 204A-1 under the Advisers Act. In addition, Rule 206(4)-7 under
the Advisers Act makes it unlawful for an investment adviser to
provide investment advice to clients unless such investment adviser
has (i) adopted and implemented written policies and procedures
reasonably designed to prevent violation, by the investment adviser
and its supervised persons, of the Advisers Act and the Commission
rules adopted thereunder; (ii) implemented, at a minimum, an annual
review regarding the adequacy of the policies and procedures
established pursuant to subparagraph (i) above and the effectiveness
of their implementation; and (iii) designated an individual (who is
a supervised person) responsible for administering the policies and
procedures adopted under subparagraph (i) above.
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    According to the Registration Statement, the investment objective
of the Fund will be to seek long-term capital appreciation. The Fund
will be actively managed.
    According to the Registration Statement, under normal market
conditions \8\ the Fund will seek to achieve its investment objective
by taking long and short positions \9\ in one or more exchange traded
funds (``ETFs'') \10\ that seek to track the performance of the S&P 500
Index (each, an ``S&P 500-related ETF''). The ETFs the Fund invests in
all will be listed and traded in the U.S. on registered exchanges.
Under normal market conditions, substantially all of the Fund's assets
will be invested in one or more S&P 500-related ETFs, ETFs that provide
leveraged or inverse exposure to the S&P 500 Index and, to seek the
desired exposure to the S&P 500 Index,

futures contracts, as well as, as described below, cash instruments.
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    \8\ The term ``under normal market conditions'' includes, but is
not limited to, the absence of adverse market, economic, political
or other conditions, including extreme volatility or trading halts
in the equity markets or the financial markets generally;
operational issues causing dissemination of inaccurate market
information; or force majeure type events such as systems failure,
natural or man-made disaster, act of God, armed conflict, act of
terrorism, riot or labor disruption or any similar intervening
circumstance.
    \9\ According to the Registration Statement, short sales are
transactions in which the Fund sells a security it does not own. To
complete the transaction, the Fund must borrow or otherwise obtain
the security to make delivery to the buyer. The Fund is then
obligated to replace the security borrowed by purchasing the
security at the market price at the time of replacement. The Fund
may use repurchase agreements to satisfy delivery obligations in
short sales transactions. The Fund may use up to 100% of its net
assets to engage in short sales transactions and collateralize its
open short positions.
    \10\ ETFs are securities registered under the 1940 Act such as
those listed and traded on the Exchange under NYSE Arca Equities
Rules 5.2(j)(3) (Investment Company Units), 8.100 (Portfolio
Depositary Receipts) and 8.600 (Managed Fund Shares).
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    According to the Registration Statement, the Sub-Adviser will
utilize a proprietary, analytical investment model that examines
current and historical market data to attempt to predict the
performance of the S&P 500 Index. The model will deliver investment
signals that the Sub-Adviser will use to make investment decisions for
the Fund. Depending on the investment signal delivered by the model,
the Sub-Adviser will take certain long or short positions in one or
more S&P 500-related ETFs: (1) If the model indicates bull-market
conditions, the Sub-Adviser will take long positions; or (2) if the
model indicates bear-market conditions, the Sub-Adviser will take short
positions. When the Fund takes long positions, it may maintain long
exposure of up to 200% of net assets; exposure to short positions will
be limited to no more than 100% of net assets. The Sub-Adviser will
adjust the Fund's long and short positions when necessary to take into
account new data from the model that reflects changing market
conditions. Positions may be adjusted as the model predictions
fluctuate.
    According to the Registration Statement, the Fund will enter into
futures contracts to seek the desired exposure to the S&P 500
Index.\11\ The Fund will limit its investment in futures contracts such
that either (1) the aggregate net notional value of its futures
investments will not exceed the value of the Fund's net assets, after
taking into account unrealized profits and unrealized losses on the
futures positions it has entered into; or (2) the aggregate initial
margin and premiums required to establish positions in its futures
investments will not exceed 5% of the Fund's net assets, after taking
into account unrealized profits and unrealized losses on any such
positions. The Fund will only enter into futures contracts traded on a
national futures exchange regulated by the CFTC. The Fund will trade
futures when the Sub-Adviser determines that doing so may provide an
efficient means of seeking exposure to the S&P 500 Index that is
complimentary to its investment in shares of one or more S&P 500-
related ETFs.
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    \11\ To the extent the Fund enters into futures contracts or
invests in underlying ETFs that invest in futures, options on
futures or other instruments subject to regulation by the U.S.
Commodity Futures Trading Commission (``CFTC''), it will do so in
reliance upon and in accordance with CFTC Rule 4.5. The Trust has
filed a notice of eligibility for exclusion from the definition of
the term ``commodity pool operator'' in accordance with CFTC Rule
4.5. Therefore, neither the Trust nor any of its series is deemed to
be a ``commodity pool'' or ``commodity pool operator'' under the
Commodity Exchange Act (``CEA''), and they are not subject to
registration or regulation as such under the CEA. In addition,
neither the Adviser nor the Sub-Adviser is deemed to be a
``commodity pool operator'' or ``commodity trading adviser'' with
respect to the advisory services it provides to the Fund.
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    According to the Registration Statement, in addition to investments
in the S&P 500-related ETFs and futures contracts, the Fund may invest
up to 10% of its total assets in leveraged ETFs or inverse ETFs that
seek to deliver multiples, or the inverse, of the performance of the
S&P 500 Index, respectively (collectively with S&P 500-related ETFs,
the ``Underlying ETFs''). Such investments will be made in accordance
with the 1940 Act and consistent with the Fund's investment objective
and policies, and will not be used to seek performance that is the
multiple or inverse multiple (e.g., 2x or 3x) of any securities market
index. The inverse and leveraged ETFs held by the Fund may utilize
leverage (i.e. borrowing) to acquire their underlying portfolio
investments.\12\
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    \12\ The use of leverage may exaggerate changes in an ETF's
share price and the return on its investments. Inverse and leveraged
ETFs are designed to achieve their objectives for a single day only.
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    According to the Registration Statement, the Fund may invest in
Underlying ETFs that are primarily index-based ETFs that hold
substantially all of their assets in securities representing a specific
index. The Fund also may invest in Underlying ETFs that are actively
managed. According to the Registration Statement, the Underlying ETFs
in which the Fund may invest may invest in equity securities. Equity
securities consist of common stocks, preferred stocks, warrants to
acquire common stock, securities convertible into common stock,\13\
investments in master limited partnerships (``MLPs'') \14\ and
rights.\15\
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    \13\ According to the Registration Statement, convertible
securities are bonds, debentures, notes, preferred stocks or other
securities that may be converted or exchanged (by the holder or by
the issuer) into shares of the underlying common stock (or cash or
securities of equivalent value) at a stated exchange ratio.
    \14\ According to the Registration Statement, MLPs are limited
partnerships in which the ownership units are publicly traded. MLP
units are registered with the SEC and are freely traded on a
securities exchange or in the over-the-counter market.
    \15\ According to the Registration Statement, a right is a
privilege granted to existing shareholders of a corporation to
subscribe to shares of a new issue of common stock before it is
issued. Rights normally have a short life of usually two to four
weeks.
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    According to the Registration Statement, the Underlying ETFs in
which the Fund may invest may engage in futures and options
transactions. The Fund will only invest in Underlying ETFs that engage
in futures contracts if such futures contracts are traded on a national
futures exchange regulated by the CFTC. Underlying ETFs in which the
Fund may invest may use futures contracts and related options for bona
fide hedging; attempting to offset changes in the value of securities
held or expected to be acquired or be disposed of; attempting to gain
exposure to a particular market, index or instrument; or other risk
management purposes. When an Underlying ETF purchases or sells a
futures contract, or sells an option thereon, it is required to cover
its position in order to limit leveraging and related risks.
    According to the Registration Statement, the Underlying ETFs in
which the Fund may invest may buy and sell index futures contracts with
respect to any index that is traded on a recognized exchange or board
of trade.
    According to the Registration Statement, the Underlying ETFs in
which the Fund may invest may purchase and write (sell) put and call
options on indices and enter into related closing transactions.\16\ All
such options written on indices or securities must be covered by the
Underlying ETF.
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    \16\ According to the Registration Statement, a put option on a
security gives the purchaser of the option the right to sell, and
the writer of the option the obligation to buy, the underlying
security. A call option on a security gives the purchaser of the
option the right to buy, and the writer of the option the obligation
to sell, the underlying security. Put and call options on indices
are similar to options on securities except that options on an index
give the holder the right to receive, upon exercise of the option,
an amount of cash if the closing level of the underlying index is
greater than (or less than, in the case of puts) the exercise price
of the option.
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    According to the Registration Statement, an Underlying ETF in which
the Fund may invest may trade put and call options on securities,
securities indices and currencies, as the Underlying ETF's investment
adviser determines is appropriate in seeking the ETF's investment
objective, and except as restricted by the Underlying ETF's investment
limitations. An Underlying ETF may purchase put and call options on
securities to protect against a decline in the market value of the
securities in its portfolio or to anticipate an increase in the market
value of securities that the Fund may seek to purchase in the future.
An Underlying ETF may write covered call options on securities as a
means of increasing the yield on its assets and as a means of providing
limited protection against decreases in its market value. An Underlying
ETF may purchase and write options on an exchange or over-the-counter.

    According to the Registration Statement, the Underlying ETFs in
which the Fund may invest may enter into swaps, including, but not
limited to, total return swaps, index swaps, and interest rate swaps.
An Underlying ETF may utilize swaps in an attempt to gain exposure to
the securities in a market without actually purchasing those
securities, or to hedge a position.\17\ The Underlying ETFs in which
the Fund may invest may enter into swaps to invest in a market without
owning or taking physical custody of the underlying securities in
circumstances in which direct investment is restricted for legal
reasons or is otherwise impracticable.
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    \17\ Forms of swaps include interest rate caps, under which, in
return for a premium, one party agrees to make payments to the other
to the extent that interest rates exceed a specified rate, or
``cap,'' interest rate floors, under which, in return for a premium,
one party agrees to make payments to the other to the extent that
interest rates fall below a specified level, or ``floor,'' and
interest rate collars, under which a party sells a cap and purchases
a floor or vice versa in an attempt to protect itself against
interest rate movements exceeding given minimum or maximum levels.
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    During periods when the Fund's assets (or portion thereof) are not
fully invested in one or more S&P 500-related ETFs or otherwise exposed
to the S&P 500 Index, all or a portion of the Fund may be invested in
cash instruments (``Cash Instruments''), which include U.S. Treasury
obligations; cash and cash equivalents including commercial paper,
certificates of deposit and bankers' acceptances; repurchase
agreements; \18\ shares of money market mutual funds; and high-quality,
short-term debt instruments including, in addition to U.S. Treasury
obligations, other U.S. government securities.\19\
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    \18\ According to the Registration Statement, the Fund may enter
into repurchase agreements with financial institutions, which may be
deemed to be loans. The Fund will effect repurchase transactions
only with large, well-capitalized and well established financial
institutions whose condition will be continually monitored by the
Sub-Advisor. In addition, the value of the collateral underlying the
repurchase agreement will always be at least equal to the repurchase
price, including any accrued interest earned on the repurchase
agreement.
    \19\ Securities issued or guaranteed by the U.S. government or
its agencies or instrumentalities include U.S. Treasury securities,
which are backed by the full faith and credit of the U.S. Treasury
and which differ only in their interest rates, maturities, and times
of issuance. Certain U.S. government securities are issued or
guaranteed by agencies or instrumentalities of the U.S. government
including, but not limited to, obligations of U.S. government
agencies or instrumentalities such as the Federal National Mortgage
Association (``Fannie Mae''), the Federal Home Loan Mortgage
Corporation (``Freddie Mac''), the Government National Mortgage
Association (``Ginnie Mae''), the Federal Home Loan Banks and other
agencies or instrumentalities. Some obligations issued or guaranteed
by U.S. government agencies and instrumentalities, including, for
example, Ginnie Mae pass-through certificates, are supported by the
full faith and credit of the U.S. Treasury. Other obligations issued
by or guaranteed by federal agencies, such as those securities
issued by Fannie Mae, are supported by the discretionary authority
of the U.S. government to purchase certain obligations of the
federal agency, while other obligations issued by or guaranteed by
federal agencies, such as those of the Federal Home Loan Banks, are
supported by the right of the issuer to borrow from the U.S.
Treasury. The Fund may invest in U.S. Treasury zero-coupon bonds.
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Other Investments
    According to the Registration Statement, in addition to the
investments described above, the Fund may invest in other investments,
as described below.
    According to the Registration Statement, in the absence of normal
market conditions \20\ the Fund may invest 100% of its assets, without
limitation, in Cash Instruments. The Fund may be invested in this
manner for extended periods, depending on the Sub-Adviser's assessment
of market conditions.
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    \20\ See note 8, supra.
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    According to the Registration Statement, in addition to the
Underlying ETFs discussed above, which are primary investments of the
Fund, the Fund will invest in money market mutual funds, to the extent
that such an investment would be consistent with the requirements of
Section 12(d)(1) of the 1940 Act, or any rule, regulation or order of
the SEC or interpretation thereof.
Restrictions on Investment
    According to the Registration Statement, the Fund may not purchase
or sell commodities or commodity contracts unless acquired as a result
of ownership of securities or other instruments issued by persons that
purchase or sell commodities or commodities contracts; but this shall
not prevent the Fund from entering into futures contracts.
    The Fund will not directly enter into swaps or engage in options
transactions.
    According to the Registration Statement, the Fund may not, with
respect to 75% of its total assets, purchase securities of any issuer
(except securities issued or guaranteed by the U.S. government, its
agencies or instrumentalities or shares of investment companies) if, as
a result, more than 5% of its total assets would be invested in the
securities of such issuer.
    According to the Registration Statement, the Fund may not acquire
more than 10% of the outstanding voting securities of any one issuer.
    According to the Registration Statement, the Fund may not invest
25% or more of its total assets in the securities of one or more
issuers conducting their principal business activities in the same
industry or group of industries.\21\ This limitation does not apply to
investments in securities issued or guaranteed by the U.S. government,
its agencies or instrumentalities, or shares of investment companies.
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    \21\ See Form N-1A, Item 9. The Commission has taken the
position that a fund is concentrated if it invests more than 25% of
the value of its total assets in any one industry. See, e.g.,
Investment Company Act Release No. 9011 (October 30, 1975), 40 FR
54241 (November 21, 1975).
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    According to the Registration Statement, the Fund may hold up to an
aggregate amount of 15% of its net assets in illiquid securities
(calculated at the time of investment), including securities deemed
illiquid by the Adviser or Sub-Adviser consistent with Commission
guidance \22\ and repurchase agreements that do not mature within seven
days. The Fund will monitor its portfolio liquidity on an ongoing basis
to determine whether, in light of current circumstances, an adequate
level of liquidity is being maintained, and will consider taking
appropriate steps in order to maintain adequate liquidity, if through a
change in values, net assets, or other circumstances, more than 15% of
the Fund's net assets are held in illiquid securities. Illiquid
securities include securities subject to contractual or other
restrictions on resale and other instruments that lack readily
available markets as determined in accordance with Commission staff
guidance.\23\
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    \22\ In reaching liquidity decisions, the Adviser and Sub-
Adviser may consider the following factors: The frequency of trades
and quotes for the security; the number of dealers wishing to
purchase or sell the security and the number of other potential
purchasers; dealer undertakings to make a market in the security;
and the nature of the security and the nature of the marketplace in
which it trades (e.g., the time needed to dispose of the security,
the method of soliciting offers, and the mechanics of transfer).
    \23\ See Investment Company Act Release No. 18612 (March 12,
1992), 57 FR 9828 (March 20, 1992) (Revisions of Guidelines to Form
N-1A) (stating that Guide 4 ``permit[s] a fund to invest up to 15%
of its assets in illiquid securities''). The Commission has stated
that long-standing Commission guidelines have required open-end
funds to hold no more than 15% of their net assets in illiquid
securities and other illiquid assets. See Investment Company Act
Release No. 28193 (March 11, 2008), 73 FR 14618 (March 18, 2008),
footnote 34. See also, Investment Company Act Release No. 5847
(October 21, 1969), 35 FR 19989 (December 31, 1970) (Statement
Regarding ``Restricted Securities''); Investment Company Act Release
No. 18612 (March 12, 1992), 57 FR 9828 (March 20, 1992) (Revisions
of Guidelines to Form N-1A). A fund's portfolio security is illiquid
if it cannot be disposed of in the ordinary course of business
within seven days at approximately the value ascribed to it by the
fund. See Investment Company Act Release No. 14983 (March 12, 1986),
51 FR 9773 (March 21, 1986) (adopting amendments to Rule 2a-7 under
the 1940 Act); Investment Company Act Release No. 17452 (April 23,
1990), 55 FR 17933 (April 30, 1990) (adopting Rule 144A under the
Securities Act).

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    According to the Registration Statement, the Fund intends to
qualify each year as a regulated investment company (a ``RIC'') under
Subchapter M of the Internal Revenue Code of 1986, as amended.\24\
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    \24\ 26 U.S.C. 851.
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Creations and Redemptions of Shares
    According to the Registration Statement, the Fund will offer and
issue Shares at net asset value (``NAV'') only in aggregated lots
initially of 25,000 (each, a ``Creation Unit''), on a continuous basis
through the Distributor, at their NAV next determined after receipt, on
any business day, of an order received in proper form.
    The consideration for purchase of a Creation Unit of the Fund will
generally consist of an in kind deposit of a designated portfolio of
securities (the ``Deposit Securities'') per each Creation Unit
constituting a substantial replication, or a representation, of the
securities included in the Fund's portfolio and an amount of cash (the
``Cash Component'') computed as described below.\25\ Together, the
Deposit Securities and the Cash Component will constitute the ``Fund
Deposit,'' which represents the minimum initial and subsequent
investment amount for a Creation Unit of the Fund. The Cash Component
will be an amount equal to the difference between the NAV of the Shares
(per Creation Unit) and the market value of the Deposit Securities. The
Cash Component will serve the function of compensating for any
differences between the NAV per Creation Unit and the market value of
the Deposit Securities.
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    \25\ According to the Registration Statement, the Trust reserves
the right to permit or require the substitution of an amount of
cash--i.e., a ``cash in lieu'' amount--to be added to the Cash
Component to replace any Deposit Security which may not be available
in sufficient quantity for delivery or which may not be eligible for
transfer through the clearing process, or which may not be eligible
for trading by an authorized participant or the investor for which
it is acting. The Trust also reserves the right to offer an ``all
cash'' option for creations of Creation Units for the Fund.
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    All orders to create Creation Units must be received by the
Distributor no later than 3:00 p.m., Eastern Time (``E.T.''), an hour
earlier than the close of the regular trading session on the Exchange
(ordinarily 4:00 p.m., E.T.), in each case on the date such order is
placed in order for the creation of Creation Units to be effected based
on the NAV of Shares of the Fund as next determined on such date after
receipt of the order in proper form.
    Shares may be redeemed only in Creation Units at their NAV next
determined after receipt of a redemption request in proper form by the
Fund through the Administrator and only on a business day. Unless cash
redemptions are available or specified for the Fund, the redemption
proceeds for a Creation Unit will generally consist of an in-kind
transfer of a designated portfolio of securities (``Fund Securities'')
plus cash in an amount equal to the difference between the NAV of the
Shares being redeemed, as next determined after receipt of a request in
proper form, and the value of the Fund Securities (the ``Cash
Redemption Amount''), less a redemption transaction fee. Cash
redemptions will only be made available in accordance with the
Exemptive Order.
    An order to redeem Creation Units is deemed received on the
transmittal date if (i) such order is received by the Administrator not
later than 3:00 p.m., E.T. on such transmittal date; and (ii) all other
procedures set forth in the participant agreement are properly
followed; such order will be effected based on the NAV of the Fund as
next determined.
    The Administrator, through the National Securities Clearing
Corporation (``NSCC''), will make available on each business day,
immediately prior to the opening of business on the Exchange (currently
9:30 a.m., E.T.), (a) the list of the names and the required number of
shares of each Deposit Security to be included in the current Fund
Deposit (based on information at the end of the previous business day)
for the Fund, and (b) the Fund Securities that will be applicable to
redemption requests received in proper form on that day. In addition,
the Administrator, through the NSCC, will also make available on each
business day, the estimated Cash Component and Cash Redemption Amount,
effective through and including the previous business day, per
outstanding Creation Unit of the Fund.
Net Asset Value
    According to the Registration Statement, the Fund will calculate
NAV by: (i) Taking the current market value of its total assets; (ii)
subtracting any liabilities; and (iii) dividing that amount by the
total number of Shares owned by shareholders. The Fund will calculate
NAV once each business day as of the regularly scheduled close of
normal trading on the Exchange (normally, 4:00 p.m., E.T.). The value
of the Fund's Shares bought and sold in the secondary market will be
driven by market price. The price of these Shares, like the price of
all traded securities, will be subject to factors such as supply and
demand, as well as the current value of the portfolio securities held
by the Fund. Secondary market Shares, available for purchase or sale on
an intraday basis, do not have a fixed relationship either to the
previous day's NAV nor the current day's NAV. Prices in the secondary
market, therefore, may be below, at, or above the most recently
calculated NAV of such Shares.
    In calculating NAV, the Fund will generally value its portfolio
investments at market prices or, in the absence of market value with
respect to any investment, at fair value in accordance with valuation
procedures adopted by the Board of Trustees of the Trust (the
``Board'') and in accordance with the 1940 Act.
    The Underlying ETFs will be valued at the official closing price,
if available, or the last reported sale price or, if no sale has
occurred, at the last quoted bid price on the primary market or
exchange on which they are traded.
    Futures contracts will be valued at the settlement or closing price
determined by the applicable exchange.
    The Cash Instruments may be valued at market values, as furnished
by recognized dealers in such securities or assets. Cash Instruments
also may be valued on the basis of information furnished by an
independent pricing service that uses a valuation matrix which
incorporates both dealer-supplied valuations and electronic data
processing techniques.
    Short-term debt securities with remaining maturities of sixty days
or less for which market quotations and information furnished by an
independent pricing service are not readily available will be valued at
amortized cost, which approximates current value. The reliability of
valuations provided by independent pricing agents is subject to certain
review procedures.
    Shares of money market mutual funds held by the Fund will be valued
at their respective NAVs. Prices described above will be obtained from
independent pricing services that have been approved by the
Administrator. A number of independent pricing services are available
and the Fund may use more than one of these services. The Fund may also
discontinue the use of any pricing service at any time. The Sub-Adviser
engages in oversight activities with respect to the Fund's independent
pricing services, which includes, among other things, testing the
prices provided by pricing services prior to calculation of the Fund's
NAV,

conducting periodic due diligence meetings, and periodically reviewing
the methodologies and inputs used by these services.
    Other portfolio securities and assets for which market quotations,
official closing prices, or information furnished by an independent
pricing service are not readily available or, in the opinion of the
Fund, are deemed unreliable will be fair valued in good faith by the
Fund in accordance with applicable fair value pricing policies and in
accordance with the 1940 Act. For example, if, in the opinion of the
Fund, a security's value has been materially affected by events
occurring before the Fund's pricing time but after the close of the
exchange or market on which the security is principally traded, that
security will be fair valued in good faith by the Fund in accordance
with applicable fair value pricing policies approved by the Board. In
fair valuing a security, the Fund may consider factors including price
movements in futures contracts, market and trading trends, the bid/ask
quotes of brokers, and off-exchange institutional trading.
Availability of Information
    The Fund's Web site (www.hulltacticalfunds.com), which will be
publicly available prior to the public offering of Shares, will include
a form of the Prospectus for the Fund that may be downloaded. The Web
site will include additional quantitative information updated on a
daily basis, including, for the Fund: (1) The prior business day's
reported NAV, mid-point of the bid/ask spread at the time of
calculation of such NAV (the ``Bid/Ask Price''),\26\ and a calculation
of the premium and discount of the Bid/Ask Price against the NAV; and
(2) 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. On each business day, before commencement of trading in
Shares in the Core Trading Session \27\ on the Exchange, the Fund will
disclose on its Web site the identities and quantities of the portfolio
of securities and other assets (the ``Disclosed Portfolio'') \28\ held
by the Fund that will form the basis for the Fund's calculation of NAV
at the end of the business day.\29\
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    \26\ The Bid/Ask Price of the Fund will be determined using the
mid-point of the highest bid and the lowest offer on the Exchange as
of the time of calculation of the Fund's NAV. The records relating
to Bid/Ask Prices will be retained by the Fund and its service
providers.
    \27\ The Core Trading Session is 9:30 a.m. to 4:00 p.m. E.T.
    \28\ The Exchange notes that NYSE Arca Equities Rule
8.600(d)(2)(B)(ii) provides that the Reporting Authority that
provides the Disclosed Portfolio must implement and maintain, or be
subject to, procedures designed to prevent the use and dissemination
of material non-public information regarding the actual components
of the portfolio.
    \29\ Under accounting procedures to be followed by the Fund,
trades made on the prior business day (``T'') will be booked and
reflected in NAV on the current business day (``T+1'').
Notwithstanding the foregoing, portfolio trades that are executed
prior to the opening of the Exchange on any business day may be
booked and reflected in NAV on such business day. Accordingly, the
Fund will be able to disclose at the beginning of the business day
the portfolio that will form the basis for the NAV calculation at
the end of the business day.
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    The Disclosed Portfolio will include each portfolio security and
other financial instruments of the Fund with the following information
on the Fund's Web site: Ticker symbol (if applicable), name of security
and financial instrument, number of shares (if applicable) and dollar
value of securities and financial instruments held in the Fund, and
percentage weighting of the security and financial instrument in the
Fund. The Web site information will be publicly available at no charge.
    In addition, for the Fund, an estimated value, defined in Rule
8.600 as the ``Portfolio Indicative Value,'' that reflects an estimated
intraday value of the Fund's portfolio, will be disseminated. The
Portfolio Indicative Value will be comprised of the estimates of the
value of the Fund's NAV per Share using market data converted into U.S.
dollars at the current currency rates. The Portfolio Indicative Value
will be based upon the current value for the components of the
Disclosed Portfolio. In addition, the Portfolio Indicative Value, as
defined in NYSE Arca Equities Rule 8.600(c)(3), will be widely
disseminated by one or more major market data vendors at least every 15
seconds during the Core Trading Session.\30\ The Portfolio Indicative
Value will be based on quotes and closing prices from the securities'
local market and may not reflect events that occur subsequent to the
local market's close. Premiums and discounts between the Portfolio
Indicative Value and the market price may occur. This should not be
viewed as a ``real-time'' update of the NAV per Share of the Fund,
which is calculated once per day. All asset classes in which the Fund
will invest will be included in the calculation of the Portfolio
Indicative Value.
---------------------------------------------------------------------------

    \30\ Currently, it is the Exchange's understanding that several
major market data vendors display and/or make widely available
Portfolio Indicative Values published on CTA or other data feeds.
---------------------------------------------------------------------------

    Investors can also obtain the Trust's Statement of Additional
Information (``SAI''), the Fund's Shareholder Reports, and its Form N-
CSR and Form N-SAR, filed twice a year. The Trust's SAI and Shareholder
Reports are available free upon request from the Trust, and those
documents and the Form N-CSR and Form N-SAR may be viewed on-screen or
downloaded from the Commission's Web site at www.sec.gov. Information
regarding market price and trading volume of the Shares will be
continually available on a real-time basis throughout the day on
brokers' computer screens and other electronic services. Information
regarding the previous day's closing price and trading volume
information will be published daily in the financial section of
newspapers.
    Quotation and last sale information for the Shares and underlying
U.S. exchange-traded equities, including the Underlying ETFs, will be
available via the Consolidated Tape Association (``CTA'') high-speed
line and from the national securities exchange on which they are
listed. Quotations and last sale information for the Fund's futures
will be available from the futures exchange on which the futures are
listed. Quotation information from brokers and dealers or pricing
services will be available for Cash Instruments and non-exchange traded
securities of money market mutual funds held by the Fund. Pricing
information regarding each asset class in which the Fund will invest is
generally available through nationally recognized data service
providers through subscription arrangements.
    The dissemination of the Portfolio Indicative Value, together with
the Disclosed Portfolio, will allow investors to determine the
approximate value of the underlying portfolio of the Fund on a daily
basis and to provide a close estimate of that value throughout the
trading day. The intra-day, closing and settlement prices of the Fund
investments will also be readily available from the exchanges trading
such securities, automated quotation systems, published or other public
sources, or on-line information services such as Bloomberg or Reuters.
    Additional information regarding the Trust and the Shares,
including investment strategies, risks, creation and redemption
procedures, fees, Fund holding disclosure policies, distributions and
taxes is included in the Registration Statement. All terms relating to
the Fund that are referred to, but not defined in this proposed rule
change, are defined in the Registration Statement.
Initial and Continued Listing
    The Shares will be subject to Rule 8.600, which sets forth the
initial and

continued listing criteria applicable to Managed Fund Shares. The
Exchange represents that, for initial and/or continued listing, the
Fund must be in compliance with Rule 10A-3 \31\ under the Exchange Act,
as provided by NYSE Arca Equities Rule 5.3. A minimum of 100,000 Shares
will be outstanding at the commencement of trading on the Exchange. The
Exchange will obtain a representation from the issuer of the Shares
that the NAV per Share will be calculated daily and that the NAV and
the Disclosed Portfolio will be made available to all market
participants at the same time.
---------------------------------------------------------------------------

    \31\ See 17 CFR 240.10A-3.
---------------------------------------------------------------------------

Trading Halts
    With respect to trading halts, the Exchange may consider all
relevant factors in exercising its discretion to halt or suspend
trading in the Shares of the Fund. Shares of the Fund will be halted if
the ``circuit breaker'' parameters in NYSE Arca Equities Rule 7.12 are
reached. Trading may be halted because of market conditions or for
reasons that, in the view of the Exchange, make trading in the Shares
inadvisable. These may include: (1) The extent to which trading is not
occurring in the securities and/or the financial instruments comprising
the Disclosed Portfolio of the Fund; or (2) whether other unusual
conditions or circumstances detrimental to the maintenance of a fair
and orderly market are present. Trading in the Shares will be subject
to NYSE Arca Equities Rule 8.600(d)(2)(D), which sets forth
circumstances under which trading in Shares of the Fund may be halted.
Trading Rules
    The Exchange deems the Shares to be equity securities, thus
rendering trading in the Shares subject to the Exchange's existing
rules governing the trading of equity securities. Shares will trade on
the NYSE Arca Marketplace from 4 a.m. to 8 p.m. E.T. in accordance with
NYSE Arca Equities Rule 7.34 (Opening, Core, and Late Trading
Sessions). The Exchange has appropriate rules to facilitate
transactions in the Shares during all trading sessions. As provided in
NYSE Arca Equities Rule 7.6, Commentary .03, the minimum price
variation (``MPV'') for quoting and entry of orders in equity
securities traded on the NYSE Arca Marketplace is $0.01, with the
exception of securities that are priced less than $1.00 for which the
MPV for order entry is $0.0001.
Surveillance
    The Exchange represents that trading in the Shares will be subject
to the existing trading surveillances, administered by the Financial
Industry Regulatory Authority (``FINRA'') on behalf of the Exchange,
which are designed to detect violations of Exchange rules and
applicable federal securities laws. The Exchange represents that these
procedures are adequate to properly monitor Exchange trading of the
Shares in all trading sessions and to deter and detect violations of
Exchange rules and applicable federal securities laws.\32\
---------------------------------------------------------------------------

    \32\ FINRA surveils trading on the Exchange pursuant to a
regulatory services agreement. The Exchange is responsible for
FINRA's performance under this regulatory services agreement.
---------------------------------------------------------------------------

    The surveillances referred to above generally focus on detecting
securities trading outside their normal patterns, which could be
indicative of manipulative or other violative activity. When such
situations are detected, surveillance analysis follows and
investigations are opened, where appropriate, to review the behavior of
all relevant parties for all relevant trading violations.
    FINRA, on behalf of the Exchange, will communicate as needed
regarding trading in the Shares and underlying equity securities
(including, without limitation, ETFs) and futures contracts with other
markets and other entities that are members of the Intermarket
Surveillance Group (``ISG'') and FINRA, on behalf of the Exchange, may
obtain trading information regarding trading in the Shares and
underlying equity securities (including, without limitation, ETFs) and
futures contracts from such markets and other entities. In addition,
the Exchange may obtain information regarding trading in the Shares and
underlying equity securities (including, without limitation, ETFs) and
futures contracts from markets and other entities that are members of
ISG or with which the Exchange has in place a comprehensive
surveillance sharing agreement.\33\ In addition, FINRA, on behalf of
the Exchange, is able to access, as needed, trade information for
certain fixed income securities held by the Fund reported to FINRA's
Trade Reporting and Compliance Engine (``TRACE'').
---------------------------------------------------------------------------

    \33\ For a list of the current members of ISG, see
www.isgportal.org. The Exchange notes that not all components of the
Disclosed Portfolio for the Fund may trade on markets that are
members of ISG or with which the Exchange has in place a
comprehensive surveillance sharing agreement.
---------------------------------------------------------------------------

    In addition, the Exchange also has a general policy prohibiting the
distribution of material, non-public information by its employees.
Information Bulletin
    Prior to the commencement of trading, the Exchange will inform its
Equity Trading Permit Holders in an Information Bulletin (``Bulletin'')
of the special characteristics and risks associated with trading the
Shares. Specifically, the Bulletin will discuss the following: (1) The
procedures for purchases and redemptions of Shares in Creation Unit
aggregations (and that Shares are not individually redeemable); (2)
NYSE Arca Equities Rule 9.2(a), which imposes a duty of due diligence
on its Equity Trading Permit Holders to learn the essential facts
relating to every customer prior to trading the Shares; (3) the risks
involved in trading the Shares during the Opening and Late Trading
Sessions when an updated Portfolio Indicative Value will not be
calculated or publicly disseminated; (4) how information regarding the
Portfolio Indicative Value is disseminated; (5) the requirement that
Equity Trading Permit Holders deliver a prospectus to investors
purchasing newly issued Shares prior to or concurrently with the
confirmation of a transaction; and (6) trading information.
    In addition, the Bulletin will reference that the Fund is subject
to various fees and expenses described in the Registration Statement.
The Bulletin will discuss any exemptive, no-action, and interpretive
relief granted by the Commission from any rules under the Exchange Act.
The Bulletin will also disclose that the NAV for the Shares will be
calculated after 4:00 p.m. E.T. each trading day.
2. Statutory Basis
    The basis under the Exchange Act for this proposed rule change is
the requirement under Section 6(b)(5) \34\ that an exchange have rules
that are designed to prevent fraudulent and manipulative acts and
practices, to promote just and equitable principles of trade, to remove
impediments to, and perfect the mechanism of a free and open market
and, in general, to protect investors and the public interest.
---------------------------------------------------------------------------

    \34\ 15 U.S.C. 78f(b)(5).
---------------------------------------------------------------------------

    The Exchange believes that the proposed rule change is designed to
prevent fraudulent and manipulative acts and practices in that the
Shares will be listed on the Exchange pursuant to the initial and
continued listing criteria in NYSE Arca Equities Rule 8.600. The
Exchange has in place surveillance procedures that are adequate to
properly monitor trading in the Shares in all

trading sessions and to deter and detect violations of Exchange rules
and applicable federal securities laws. Neither the Adviser nor the
Sub-Adviser is or is affiliated with a broker-dealer. In the event (a)
the Adviser or a Sub-Adviser becomes, or becomes newly affiliated with,
a broker-dealer, or (b) any new manager, adviser, or sub-adviser is, or
becomes affiliated with, a broker-dealer, it will implement a fire wall
with respect to its relevant personnel or broker-dealer affiliate, as
applicable, regarding access to information concerning the composition
and/or changes to the portfolio, and will be subject to procedures
designed to prevent the use and dissemination of material, non-public
information regarding such portfolio. FINRA, on behalf of the Exchange,
will communicate as needed regarding trading in the Shares and
underlying equity securities (including, without limitation, ETFs) and
futures contracts with other markets and other entities that are
members of ISG and FINRA, on behalf of the Exchange, may obtain trading
information regarding trading in the Shares and underlying equity
securities (including, without limitation, ETFs) and futures contracts
from such markets and other entities. In addition, the Exchange may
obtain information regarding trading in the Shares and underlying
equity securities (including, without limitation, ETFs) and futures
contracts from markets and other entities that are members of ISG or
with which the Exchange has in place a comprehensive surveillance
sharing agreement.\35\ In addition, FINRA, on behalf of the Exchange,
is able to access, as needed, trade information for certain fixed
income securities held by the Fund reported to TRACE.
---------------------------------------------------------------------------

    \35\ See note 33, supra.
---------------------------------------------------------------------------

    The ETFs the Fund invests in all will be listed and traded in the
U.S. on registered exchanges. The Fund will only enter into futures
contracts traded on a national futures exchange regulated by the CFTC.
The Fund will limit its investment in futures contracts such that
either (1) the aggregate net notional value of its futures investments
will not exceed the value of the Fund's net assets, after taking into
account unrealized profits and unrealized losses on the futures
positions it has entered into; or (2) the aggregate initial margin and
premiums required to establish positions in its futures investments
will not exceed 5% of the Fund's net assets, after taking into account
unrealized profits and unrealized losses on any such positions. The
Fund may invest up to 10% of its total assets in leveraged ETFs or
inverse ETFs that seek to deliver multiples, or the inverse, of the
performance of the S&P 500 Index, respectively. Such investments will
be made in accordance with the 1940 Act and consistent with the Fund's
investment objective and policies, and will not be used to seek
performance that is the multiple or inverse multiple (e.g., 2x or 3x)
of any securities market index. The Fund will not directly enter into
swaps or engage in options transactions. The Fund may not, with respect
to 75% of its total assets, purchase securities of any issuer (except
securities issued or guaranteed by the U.S. government, its agencies or
instrumentalities or shares of investment companies) if, as a result,
more than 5% of its total assets would be invested in the securities of
such issuer. The Fund may not acquire more than 10% of the outstanding
voting securities of any one issuer. The Fund may not invest 25% or
more of its total assets in the securities of one or more issuers
conducting their principal business activities in the same industry or
group of industries. The Fund may hold up to an aggregate amount of 15%
of its net assets in illiquid securities (calculated at the time of
investment), including securities deemed illiquid by the Adviser or
Sub-Adviser consistent with Commission guidance and repurchase
agreements that do not mature within seven days.
    The proposed rule change is designed to promote just and equitable
principles of trade and to protect investors and the public interest in
that the Exchange will obtain a representation from the issuer of the
Shares that the NAV per Share will be calculated daily every day the
NYSE is open, and that the NAV and Disclosed Portfolio will be made
available to all market participants at the same time. In addition, a
large amount of information will be publicly available regarding the
Fund and the Shares, thereby promoting market transparency. Quotation
and last sale information for the Shares and underlying U.S. exchange-
traded equities, including the Underlying ETFs, will be available via
the CTA high-speed line and from the national securities exchange on
which they are listed. Quotations and last sale information for the
Fund's futures will be available from the futures exchange on which the
futures are listed. Quotation information from brokers and dealers or
pricing services will be available for Cash Instruments and non-
exchange traded securities of money market mutual funds held by the
Fund. Pricing information regarding each asset class in which the Fund
will invest is generally available through nationally recognized data
service providers through subscription arrangements. Pricing
information regarding the Fund's futures asset class will be available
from the relevant exchange on which the futures are listed.
    The Exchange believes that the proposed rule change will facilitate
the listing and trading of additional types of exchange-traded products
that will enhance competition among market participants, to the benefit
of investors and the marketplace. In addition, the listing and trading
criteria set forth in Rule 8.600 are intended to protect investors and
the public interest. The Fund's portfolio holdings that will form the
basis for the Fund's calculation of NAV will be disclosed on its Web
site daily after the close of trading on the Exchange and prior to the
opening of trading of Shares in the Core Trading Session on the
Exchange the following day. In addition, the Portfolio Indicative
Value, as defined in NYSE Arca Equities Rule 8.600(c)(3), will be
disseminated by the CTA or by one or more major market data vendors at
least every 15 seconds during the Core Trading Session. Information
regarding market price and trading volume of the Shares is and will be
continually available on a real-time basis throughout the day on
brokers' computer screens and other electronic services, and quotation
and last sale information will be available via the CTA high speed
line. In addition, the Exchange has in place surveillance procedures
that are adequate to properly monitor trading in the Shares. The Web
site for the Fund will include a form of the prospectus for the Fund
and additional data relating to the NAV and other applicable
quantitative information. Moreover, prior to the commencement of
trading, the Exchange will inform its Exchange Trading Permit holders
in an Information Bulletin of the special characteristics and risks
associated with trading the Shares. Trading in Shares of the Fund will
be halted if the circuit breaker parameters in NYSE Arca Rule 7.12 have
been reached or because of market conditions or for reasons that, in
the view of the Exchange, make trading in the Shares inadvisable, and
trading in the Shares will be subject to NYSE Arca Equities Rule
8.600(d)(2)(D), which sets forth circumstances under which trading in
Shares of the Fund may be halted. In addition, as noted above,
investors will have ready access to information regarding the Fund's
holdings, the Portfolio Indicative Value,

the Disclosed Portfolio, and quotation and last-sale information for
the Shares.
    The proposed rule change is designed to perfect the mechanism of a
free and open market and, in general, to protect investors and the
public interest in that it will facilitate the listing and trading of
an actively-managed exchange-traded product that will enhance
competition among market participants, to the benefit of investors and
the marketplace. As noted above, FINRA, on behalf of the Exchange, will
communicate as needed regarding trading in the Shares and underlying
equity securities (including, without limitation, ETFs) and futures
contracts with other markets and other entities that are members of ISG
and FINRA, on behalf of the Exchange, may obtain trading information
regarding trading in the Shares and underlying equity securities
(including, without limitation, ETFs) and futures contracts from such
markets and other entities. In addition, the Exchange may obtain
information regarding trading in the Shares and underlying equity
securities (including, without limitation, ETFs) and futures contracts
from markets and other entities that are members of ISG or with which
the Exchange has in place a comprehensive surveillance sharing
agreement. In addition, FINRA, on behalf of the Exchange, is able to
access, as needed, trade information for certain fixed income
securities held by the Fund reported to TRACE.

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 purpose of the Exchange Act. The Exchange notes
that the proposed rule change will facilitate the listing and trading
of an additional actively-managed exchange-traded product that will
enhance competition among market participants, to the benefit of
investors and the marketplace.

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

    Within 45 days of the date of publication of this notice in the
Federal Register or within such longer period up to 90 days after
publication (i) as the Commission may designate if it finds such longer
period to be appropriate and publishes its reasons for so finding or
(ii) as to which the self-regulatory organization consents, the
Commission will:
    (A) By order approve or disapprove the proposed rule change, or
    (B) institute proceedings to determine whether the proposed rule
change should be 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<EMAIL_ADDRESS>Please
include File Number SR-NYSEArca-2014-30 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-NYSEArca-2014-30. 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-NYSEArca-2014-30 and should
be submitted on or before May 2, 2014.
---------------------------------------------------------------------------

    \36\ 17 CFR 200.30-3(a)(12).

    For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\36\
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2014-08129 Filed 4-10-14; 8:45 am]
BILLING CODE 8011-01-P


[Federal Register Volume 82, Number 236 (Monday, December 11, 2017)]
[Notices]
[Pages 58194-58195]
[FR Doc No: 2017-26650]

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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

Combined Notice of Filings #1

    Take notice that the Commission received the following electric
corporate filings:

    Docket Numbers: EC18-27-000.
    Applicants: Allegheny Generating Company, Allegheny Energy Supply
Company, LLC, Monongahela Power Company.
    Description: Federal Power Act Section 203 Application, Requests
for Shortened Comment Period, Confidential Treatment, and Limited
Waiver of the Part 33 Filing Requirements of Allegheny Generating
Company, et. al.
    Filed Date: 12/1/17.
    Accession Number: 20171201-5371.
    Comments Due: 5 p.m. ET 12/22/17.

    Take notice that the Commission received the following electric
rate filings:

    Docket Numbers: ER15-1841-002; ER15-2742-002; ER16-2643-002.
    Applicants: Panda Stonewall LLC, Panda Patriot LLC, Panda Liberty
LLC.
    Description: Supplement to June 30, 2017 Updated Market Power
Analysis for the Northeast Region of the Panda MBR Sellers.
    Filed Date: 12/1/17.
    Accession Number: 20171201-5332.
    Comments Due: 5 p.m. ET 12/22/17.

    Docket Numbers: ER16-2716-002.
    Applicants: NextEra Energy Transmission MidAtlantic, LLC.
    Description: Compliance filing: NextEra Energy Transmission
MidAtlantic, LLC Compliance Filing to be effective 11/30/2016.
    Filed Date: 12/4/17.
    Accession Number: 20171204-5144.
    Comments Due: 5 p.m. ET 12/26/17.

    Docket Numbers: ER16-2717-002.
    Applicants: NextEra Energy Transmission Midwest, LLC.
    Description: Compliance filing: NextEra Energy Transmission
Midwest, LLC Compliance Filing to be effective 11/30/2016.
    Filed Date: 12/4/17.
    Accession Number: 20171204-5142.
    Comments Due: 5 p.m. ET 12/26/17.

    Docket Numbers: ER16-2719-004.
    Applicants: NextEra Energy Transmission New York, Inc.
    Description: Compliance filing: NextEra Energy Transmission New
York, Inc. Compliance Filing to be effective 11/30/2016.
    Filed Date: 12/5/17.
    Accession Number: 20171205-5098.
    Comments Due: 5 p.m. ET 12/26/17.

    Docket Numbers: ER16-2720-002.
    Applicants: NextEra Energy Transmission Southwest, LLC.
    Description: Compliance filing: NextEra Energy Transmission
Southwest, LLC Compliance Filing to be effective 11/30/2016.
    Filed Date: 12/5/17.
    Accession Number: 20171205-5000.
    Comments Due: 5 p.m. ET 12/26/17.

    Docket Numbers: ER17-889-001.
    Applicants: Southwest Power Pool, Inc.
    Description: Compliance filing: 2646R3 Kansas Municipal Energy
Agency NITSA NOA to be effective 1/1/2017.
    Filed Date: 12/5/17.
    Accession Number: 20171205-5074.
    Comments Due: 5 p.m. ET 12/26/17.

    Docket Numbers: ER17-2558-000.
    Applicants: NTE Ohio, LLC.
    Description: Supplemental Amendment to September 28, 2017 NTE Ohio,
LLC tariff filing.
    Filed Date: 12/1/17.
    Accession Number: 20171201-5328.
    Comments Due: 5 p.m. ET 12/22/17.

    Docket Numbers: ER18-382-000.
    Applicants: Pacific Gas and Electric Company.
    Description: Tariff Cancellation: Termination of Alamo 1 & 2,
Little Bear 3 & 4, Fountain Wind E&P Agreements to be effective 11/7/
2017.
    Filed Date: 12/4/17.
    Accession Number: 20171204-5100.
    Comments Due: 5 p.m. ET 12/26/17.

    Docket Numbers: ER18-383-000.
    Applicants: PJM Interconnection, L.L.C.
    Description: Sec.  205(d) Rate Filing: Amendment to ISA SA No.
3670; Queue Position Y2-077 to be effective 11/1/2013.
    Filed Date: 12/4/17.
    Accession Number: 20171204-5101.
    Comments Due: 5 p.m. ET 12/26/17.

    Docket Numbers: ER18-384-000.
    Applicants: PJM Interconnection, L.L.C.
    Description: Sec.  205(d) Rate Filing: Queue Position #AC2-145,
Original Service Agreement No. 4842 to be effective 11/4/2017.
    Filed Date: 12/4/17.
    Accession Number: 20171204-5106.
    Comments Due: 5 p.m. ET 12/26/17.

    Docket Numbers: ER18-385-000.
    Applicants: Southwest Power Pool, Inc.
    Description: Sec.  205(d) Rate Filing: 3316R1 Carthage Water and
Electric Plant NITSA and NOA to be effective 11/1/2017.
    Filed Date: 12/4/17.
    Accession Number: 20171204-5112.
    Comments Due: 5 p.m. ET 12/26/17.

    Docket Numbers: ER18-386-000.
    Applicants: Dynegy Conesville, LLC.
    Description: Tariff Cancellation: Notice of Termination for Rate
Schedule No. 1 to be effective 12/31/9998.
    Filed Date: 12/4/17.
    Accession Number: 20171204-5126.
    Comments Due: 5 p.m. ET 12/26/17.

    Docket Numbers: ER18-387-000.
    Applicants: ISO New England Inc., Emera Maine.
    Description: Sec.  205(d) Rate Filing: Original Service Agreement
under Schedule 21-EM of the ISO-NE Tariff to be effective 1/1/2016.
    Filed Date: 12/5/17.
    Accession Number: 20171205-5060.
    Comments Due: 5 p.m. ET 12/26/17.

    Docket Numbers: ER18-388-000.
    Applicants: New England Power Company.
    Description: Sec.  205(d) Rate Filing: Schedule 20A Service
Agreement with H.Q. Energy Services to be effective 1/1/2018.
    Filed Date: 12/5/17.
    Accession Number: 20171205-5062.
    Comments Due: 5 p.m. ET 12/26/17.

    Docket Numbers: ER18-389-000.
    Applicants: PJM Interconnection, L.L.C.
    Description: Tariff Cancellation: Notice of Cancellation of
Original Service Agreement No. 4584 to be effective 12/22/2017.
    Filed Date: 12/5/17.
    Accession Number: 20171205-5076.
    Comments Due: 5 p.m. ET 12/26/17.

    The filings are accessible in the Commission's eLibrary system by
clicking on the links or querying the docket number.
    Any person desiring to intervene or protest in any of the above
proceedings

must file in accordance with Rules 211 and 214 of the Commission's
Regulations (18 CFR 385.211 and 385.214) on or before 5:00 p.m. Eastern
time on the specified comment date. Protests may be considered, but
intervention is necessary to become a party to the proceeding.
    eFiling is encouraged. More detailed information relating to filing
requirements, interventions, protests, service, and qualifying
facilities filings can be found at: http://www.ferc.gov/docs-filing/efiling/filing-req.pdf. For other information, call<PHONE_NUMBER>
(toll free). For TTY, call<PHONE_NUMBER>.

    Dated: December 5, 2017.
Nathaniel J. Davis, Sr.,
Deputy Secretary.
[FR Doc. 2017-26650 Filed 12-8-17; 8:45 am]
 BILLING CODE 6717-01-P


[Federal Register Volume 85, Number 246 (Tuesday, December 22, 2020)]
[Notices]
[Pages 83589-83591]
[FR Doc No: 2020-28221]

-----------------------------------------------------------------------

DEPARTMENT OF HOMELAND SECURITY

Federal Emergency Management Agency

[Docket ID FEMA-2020-0002]

Changes in Flood Hazard Determinations

AGENCY: Federal Emergency Management Agency, DHS.

ACTION: Notice.

-----------------------------------------------------------------------

SUMMARY: New or modified Base (1-percent annual chance) Flood
Elevations (BFEs), base flood depths, Special Flood Hazard Area (SFHA)
boundaries or zone designations, and/or regulatory floodways
(hereinafter referred to as flood hazard determinations) as shown on
the indicated Letter of Map Revision (LOMR) for each of the communities
listed in the table below are finalized. Each LOMR revises the Flood
Insurance Rate Maps (FIRMs), and in some cases the Flood Insurance
Study (FIS) reports, currently in effect for the listed communities.
The flood hazard determinations modified by each LOMR will be used to
calculate flood insurance premium rates for new buildings and their
contents.

DATES: Each LOMR was finalized as in the table below.

ADDRESSES: Each LOMR is available for inspection at both the respective
Community Map Repository address listed in the table below and online
through the FEMA Map Service Center at https://msc.fema.gov.

FOR FURTHER INFORMATION CONTACT: Rick Sacbibit, Chief, Engineering
Services Branch, Federal Insurance and Mitigation Administration, FEMA,
400 C Street SW, Washington, DC 20472,<PHONE_NUMBER>, or (email)
<EMAIL_ADDRESS>or visit the FEMA Mapping and Insurance
eXchange (FMIX) online at https://www.floodmaps.fema.gov/fhm/fmx_main.html.

SUPPLEMENTARY INFORMATION: The Federal Emergency Management Agency
(FEMA) makes the final flood hazard determinations as shown in the
LOMRs for each community listed in the table below. Notice of these
modified flood hazard determinations has been published in newspapers
of local circulation and 90 days have elapsed since that publication.
The Deputy Associate Administrator for Insurance and Mitigation has
resolved any appeals resulting from this notification.
    The modified flood hazard determinations are made pursuant to
section 206 of the Flood Disaster Protection Act of 1973, 42 U.S.C.
4105, and are in accordance with the National Flood Insurance Act of
1968, 42 U.S.C. 4001 et seq., and with 44 CFR part 65.
    For rating purposes, the currently effective community number is
shown and must be used for all new policies and renewals.
    The new or modified flood hazard information is the basis for the
floodplain management measures that the community is required either to
adopt or to show evidence of being already in effect in order to remain
qualified for participation in the National Flood Insurance Program
(NFIP).
    This new or modified flood hazard information, together with the
floodplain management criteria required by 44 CFR 60.3, are the minimum
that are required. They should not be construed to mean that the
community must change any existing ordinances that are more stringent
in their floodplain management requirements. The community may at any
time enact stricter requirements of its own or pursuant to policies
established by other Federal, State, or regional entities.
    This new or modified flood hazard determinations are used to meet
the floodplain management requirements of the NFIP and are used to
calculate the appropriate flood insurance premium rates for new
buildings, and for the contents in those buildings. The changes in
flood hazard determinations are in accordance with 44 CFR 65.4.
    Interested lessees and owners of real property are encouraged to
review the final flood hazard information available at the address
cited below for each community or online through the FEMA Map Service
Center at https://msc.fema.gov.

(Catalog of Federal Domestic Assistance No. 97.022, ``Flood
Insurance.'')

Michael M. Grimm,
Assistant Administrator for Risk Management, Department of Homeland
Security, Federal Emergency Management Agency.

--------------------------------------------------------------------------------------------------------------------------------------------------------
                      Location and case                                                                                Community
  State and county           No.          Chief executive officer of community    Community map repository         Date of modification          No.
--------------------------------------------------------------------------------------------------------------------------------------------------------
Arizona: Maricopa    Town of Gilbert (20- The Honorable Jenn Daniels, Mayor,    Development Services          Nov. 13, 2020................       040044
 (FEMA Docket No.:    09-0521P).           Town of Gilbert, 50 East Civic        Department, 90 East Civic
 B-2054).                                  Center Drive, Gilbert, AZ 85296.      Center Drive, Gilbert, AZ
                                                                                85296.
Colorado:
    Denver (FEMA     City and County of   The Honorable Michael B. Hancock,     Department of Public Works,   Nov. 23, 2020................       080046
     Docket No.: B-   Denver (20-08-       Mayor, City and County of Denver,     201 West Colfax Avenue,
     2049).           0456P).              1437 North Bannock Street, Room       Denver, CO 80202.
                                           350, Denver, CO 80202.
    Jefferson (FEMA  City of Lakewood     The Honorable Adam Paul, Mayor, City  City Hall, 480 South Allison  Nov. 20, 2020................       085075
     Docket No.: B-   (20-08-0105P).       of Lakewood, 480 South Allison        Parkway, Lakewood, CO
     2054).                                Parkway, Lakewood, CO 80226.          80226.
Florida:
    Collier (FEMA    City of Marco        Mr. Michael T. McNees, Manager, City  Building Services             Nov. 9, 2020.................       120426
     Docket No.: B-   Island (20-04-       of Marco Island, 50 Bald Eagle        Department, 50 Bald Eagle
     2049).           2874P).              Drive, Marco Island, FL 34145.        Drive, Marco Island, FL
                                                                                34145.
    Duvall (FEMA     City of              The Honorable Lenny Curry, Mayor,     Development Services          Nov. 10, 2020................       120077
     Docket No.: B-   Jacksonville (20-    City of Jacksonville, 117 West        Division, 214 North Hogan
     2049).           04-0754P).           Duval Street, Suite 400,              Street, Jacksonville, FL
                                           Jacksonville, FL 32202.               32202.
    Miami-Dade       City of Florida      The Honorable Otis T. Wallace,        Building and Zoning           Nov. 18, 2020................       120641
     (FEMA Docket     City (19-04-         Mayor, City of Florida City, 404      Department, 404 West Palm
     No.: B-2054).    6515P).              West Palm Drive, Florida City, FL     Drive, Florida City, FL
                                           33034.                                33034.

    Miami-Dade       City of Homestead    The Honorable Steven D. Losner,       Development Services          Nov. 18, 2020................       120645
     (FEMA Docket     (19-04-6515P).       Mayor, City of Homestead, 100 Civic   Department, 100 Civic
     No.: B-2054).                         Court, Homestead, FL 33030.           Court, Homestead, FL 33030.
    Miami-Dade       City of Sunny Isles  The Honorable George ``Bud'' Scholl,  Building Department, 18070    Nov. 19, 2020................       120688
     (FEMA Docket     Beach (20-04-        Mayor, City of Sunny Isles Beach,     Collins Avenue, Sunny Isles
     No.: B-2054).    4036P).              18070 Collins Avenue, Sunny Isles     Beach, FL 33160.
                                           Beach, FL 33160.
    Miami-Dade       Unincorporated       The Honorable Carlos A. Gimenez,      Miami-Dade County             Nov. 18, 2020................       120635
     (FEMA Docket     areas of Miami-      Mayor, Miami-Dade County, 111         Environmental Resources
     No.: B-2054).    Dade County (19-04-  Northwest 1st Street, 29th Floor,     Management Department, 701
                      6515P).              Miami, FL 33128.                      Northwest 1st Court, Suite
                                                                                500, Miami, FL 33136.
    Sarasota (FEMA   City of Sarasota     The Honorable Jennifer Ahearn-Koch,   Development Services          Nov. 23, 2020................       125150
     Docket No.: B-   (20-04-2373P).       Mayor, City of Sarasota, 1565 1st     Department, 1565 1st
     2052).                                Street, Room 101, Sarasota, FL        Street, Sarasota, FL 34236.
                                           34236.
Georgia: Gwinnett    City of Duluth (20-  Mr. James Riker, Manager, City of     Department of Planning and    Nov. 19, 2020................       130098
 (FEMA Docket No.:    04-1631P).           Duluth, 3167 Main Street, Duluth,     Development, 3167 Main
 B-2054).                                  GA 30096.                             Street, Duluth, GA 30096.
Maine:
    Washington       Town of Addison (20- The Honorable Verlan R. Lenfestey     Town Hall, 334 Water Street,  Nov. 12, 2020................       230132
     (FEMA Docket     01-0671P).           Jr., Chairman, Town of Addison        Addison, ME 04606.
     No.: B-2049).                         Board of Selectmen, P.O. Box 142,
                                           Addison, ME 04606.
    Washington       Town of Cherryfield  The Honorable Arthur Tatangelo,       Town Hall, 12 Municipal Way,  Nov. 12, 2020................       230135
     (FEMA Docket     (20-01-0670P).       Chairman, Town of Cherryfield Board   Cherryfield, ME 04622.
     No.: B-2049).                         of Selectmen, P.O. Box 58,
                                           Cherryfield, ME 04622.
    Washington       Town of Columbia     The Honorable Harry Beal, Jr.,        Town Hall, 106 Epping Road,   Nov. 12, 2020................       230307
     (FEMA Docket     (20-01-0671P).       Chairman, Town of Columbia Board of   Columbia, ME 04623.
     No.: B-2049).                         Selectmen, 106 Epping Road,
                                           Columbia, ME 04623.
    Washington       Town of Columbia     The Honorable Nancy Bagley, Chair,    Town Hall, 8 Point Street,    Nov. 12, 2020................       230308
     (FEMA Docket     Falls (20-01-        Town of Columbia Falls Board of       Columbia Falls, ME 04623.
     No.: B-2049).    0671P).              Selectmen, P.O. Box 100, Columbia
                                           Falls, ME 04623.
    Washington       Town of East         The Honorable Kenneth Davis, Jr.,     Town Hall, 32 Cutler Road,    Nov. 12, 2020................       230313
     (FEMA Docket     Machias (20-01-      Chairman, Town of East Machias        East Machias, ME 04630.
     No.: B-2049).    0668P).              Board of Selectmen, P.O. Box 117,
                                           East Machias, ME 04630.
    Washington       Town of Harrington   The Honorable Joel Strout, Chairman,  Town Hall, 114 East Main      Nov. 12, 2020................       230314
     (FEMA Docket     (20-01-0671P).       Town of Harrington Board of           Street, Harrington, ME
     No.: B-2049).                         Selectmen, P.O. Box 142,              04643.
                                           Harrington, ME 04643.
    Washington       Town of Jonesboro    The Honorable Michael Schoppee,       Town Hall, 23 Station Road,   Nov. 12, 2020................       230315
     (FEMA Docket     (20-01-0668P).       Chairman, Town of Jonesboro Board     Jonesboro, ME 04684.
     No.: B-2049).                         of Selectmen, P.O. Box 86,
                                           Jonesboro, ME 04684.
    Washington       Town of Jonesboro    The Honorable Michael Schoppee,       Town Hall, 23 Station Road,   Nov. 12, 2020................       230315
     (FEMA Docket     (20-01-0671P).       Chairman, Town of Jonesboro Board     Jonesboro, ME 04684.
     No.: B-2049).                         of Selectmen, P.O. Box 86,
                                           Jonesboro, ME 04684.
    Washington       Town of Marshfield   The Honorable Robert Carter,          Town Hall, 187 Northfield     Nov. 12, 2020................       230316
     (FEMA Docket     (20-01-0668P).       Chairman, Town of Marshfield Board    Road, Marshfield, ME 04654.
     No.: B-2049).                         of Selectmen, 187 Northfield Road,
                                           Marshfield, ME 04654.
    Washington       Town of Steuben (20- The Honorable Larry Pinkham,          Town Hall, 294 U.S. Route 1,  Nov. 12, 2020................       230323
     (FEMA Docket     01-0670P).           Chairman, Town of Steuben Board of    Steuben, ME 04680.
     No.: B-2049).                         Selectmen, 294 U.S. Route 1,
                                           Steuben, ME 04680.
    Washington       Town of              The Honorable Nate Perry, Chairman,   Town Hall, 42 South Main      Nov. 12, 2020................       230329
     (FEMA Docket     Whitneyville (20-    Town of Whitneyville Board of         Street, Whitneyville, ME
     No.: B-2049).    01-0668P).           Selectmen, 42 South Main Street,      04654.
                                           Whitneyville, ME 04654.
New Hampshire:       City of Manchester   The Honorable Joyce Craig, Mayor,     City Hall, One City Hall      Nov. 9, 2020.................       330169
 Hillsborough (FEMA   (20-01-0142P).       City of Manchester, One City Hall     Plaza, Manchester, NH
 Docket No.: B-                            Plaza, Manchester, NH 03101.          03101.
 2049).
North Carolina:      Unincorporated       The Honorable Grady Hawkins,          Henderson County              Nov. 17, 2020................       370125
 Henderson (FEMA      areas of Henderson   Chairman, Henderson County Board of   Administration Building,
 Docket No.: B-       County (20-04-       Commissioners, 1 Historic             100 North King Street,
 2067).               2036P).              Courthouse Square, Suite 1,           Hendersonville, NC 28792.
                                           Hendersonville, NC 27102.
Texas:
    Collin (FEMA     City of Celina (20-  The Honorable Sean Terry, Mayor,      City Hall, 142 North Ohio     Nov. 16, 2020................       480133
     Docket No.: B-   06-0459P).           City of Celina, 142 North Ohio        Street, Celina, TX 75009.
     2052).                                Street, Celina, TX 75009.
    Collin (FEMA     City of Lucas (20-   Ms. Joni Clarke, Manager, City of     Public Works and Engineering  Nov. 23, 2020................       481545
     Docket No.: B-   06-0100P).           Lucas, 665 Country Club Road,         Department, 665 Country
     2052).                                Lucas, TX 75002.                      Club Road, Lucas, TX 75002.

    Denton (FEMA     City of Aubrey (20-  The Honorable Janet Meyers, Mayor,    Denton County GIS             Nov. 18, 2020................       480776
     Docket No.: B-   06-0957P).           City of Aubrey, 107 South Main        Department, 701 Kimberly
     2052).                                Street, Aubrey, TX 76227.             Drive, Suite A285, Denton,
                                                                                TX 76208.
    Gillespie (FEMA  City of              The Honorable Gary Neffendorf,        City Hall, 126 West Main      Nov. 19, 2020................       480252
     Docket No.: B-   Fredericksburg (19-  Mayor, City of Fredericksburg, 126    Street, Fredericksburg, TX
     2054).           06-2756P).           West Main Street, Fredericksburg,     78624.
                                           TX 78624.
    Johnson (FEMA    City of Burleson     The Honorable Ken Shetter, Mayor,     City Hall, 141 West Renfro    Nov. 23, 2020................       485459
     Docket No.: B-   (19-06-3252P).       City of Burleson, 141 West Renfro     Street, Burleson, TX 76028.
     2052).                                Street, Burleson, TX 76028.
    Montgomery       City of Conroe (19-  The Honorable Toby Powell, Mayor,     City Hall, 300 West Davis     Nov. 12, 2020................       480484
     (FEMA Docket     06-2853P).           City of Conroe, P.O. Box 3066,        Street, Conroe, TX 77301.
     No.: B-2052).                         Conroe, TX 77305.
    Tarrant (FEMA    City of Colleyville  The Honorable Richard Newton, Mayor,  City Hall, 100 Main Street,   Nov. 12, 2020................       480590
     Docket No.: B-   (20-06-1166P).       City of Colleyville, 100 Main         Colleyville, TX 76034.
     2049).                                Street, Colleyville, TX 76034.
    Tarrant (FEMA    City of Mansfield    Mr. Clayton Chandler, Manager, City   Geographic Information        Nov. 9, 2020.................       480606
     Docket No.: B-   (20-06-0705P).       of Mansfield, 1200 East Broad         Systems (GIS) Department,
     2052).                                Street, Mansfield, TX 76063.          1200 East Broad Street,
                                                                                Mansfield, TX 76063.
Utah: Grand (FEMA    Unincorporated       The Honorable Mary McGann, Chair,     Grand County Courthouse, 125  Nov. 13, 2020................       490232
 Docket No.: B-       areas of Grand       Grand County Council, 125 East        East Center Street, Moab,
 2052).               County (20-08-       Center Street, Moab, UT 84532.        UT 84532.
                      0298P).
Virginia:            City of Fairfax (20- Mr. Robert A. Stalzer, Manager, City  Public Works Department,      Nov. 16, 2020................       515524
 Independent City     03-0228P).           of Fairfax, 10455 Armstrong Street,   10455 Armstrong Street,
 (FEMA Docket No.:                         Room 316, Fairfax, VA 22030.          Fairfax, VA 22030.
 B-2052).
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[FR Doc. 2020-28221 Filed 12-21-20; 8:45 am]
BILLING CODE 9110-12-P