Notice of Intention To Cancel Registration Pursuant to Section 203(H) of the Investment Advisers Act of 1940
| Published date | 31 July 2020 |
| Citation | 85 FR 46197 |
| Record Number | 2020-16589 |
| Section | Notices |
| Court | Securities And Exchange Commission |
Federal Register, Volume 85 Issue 148 (Friday, July 31, 2020)
[Federal Register Volume 85, Number 148 (Friday, July 31, 2020)]
[Notices]
[Page 46197]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-16589]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. IA-5549]
Notice of Intention To Cancel Registration Pursuant to Section
203(H) of the Investment Advisers Act of 1940
July 27, 2020.
Notice is given that the Securities and Exchange Commission (the
``Commission'') intends to issue an order, pursuant to Section 203(h)
of the Investment Advisers Act of 1940 (the ``Act''), cancelling the
registration of Europa Investment Bank Inc. [File No. 801-74257],
hereinafter referred to as the ``registrant.''
Section 203(h) provides, in pertinent part, that if the Commission
finds that any person registered under Section 203, or who has pending
an application for registration filed under that section, is no longer
in existence, is not engaged in business as an investment adviser, or
is prohibited from registering as an investment adviser under section
203A, the Commission shall by order, cancel the registration of such
person.
The registrant is not eligible for registration with the Commission
under the Act and the rules issued under the Act. This belief is based
on our understanding that registrant is relying on rule 203A-1(a)(1) to
remain registered with the Commission, though it has insufficient
regulatory assets under management.\1\ Registrant does not currently
have regulatory assets under management of $100 million or more; and it
did not have regulatory assets under management of $90 million or more
at the time of filing its most recent annual updating amendment. In
addition, our belief also is based on our understanding that the
registrant is no longer in existence or otherwise engaged in business
as an investment adviser. Accordingly, the Commission believes that
reasonable grounds exist for a finding that this registrant is no
longer eligible to be registered with the Commission as an investment
adviser and that the registration should be cancelled pursuant to
section 203(h) of the Act.
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\1\ Rule 203A-1(a)(1) under the Act generally requires an
adviser to have assets under management of at least $100 million or
at least $90 million at the time of filing its most recent annual
updating amendment.
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Notice is also given that any interested person may, by August 21,
2020, at 5:30 p.m., submit to the Commission in writing a request for a
hearing on the cancellation, accompanied by a statement as to the
nature of his or her interest, the reason for such request, and the
issues, if any, of fact or law proposed to be controverted, and he or
she may request that he or she be notified if the Commission should
order a hearing thereon. Any such communication should be emailed to
the Commission's Secretary at [email protected].
At any time after August 21, 2020, the Commission may issue an
order cancelling the registration, upon the basis of the information
stated above, unless an order for a hearing on the cancellation shall
be issued upon request or upon the Commission's own motion. Persons who
requested a hearing, or who requested to be advised as to whether a
hearing is ordered, will receive any notices and orders issued in this
matter, including the date of the hearing (if ordered) and any
postponements thereof. Any adviser whose registration is cancelled
under delegated authority may appeal that decision directly to the
Commission in accordance with rules 430 and 431 of the Commission's
rules of practice (17 CFR 201.430 and 431).
ADDRESSES: The Commission: [email protected].
FOR FURTHER INFORMATION CONTACT: Benjamin A. Tecmire, Senior Counsel at
202-551-6541 (Investment Adviser Regulation Office).
For the Commission, by the Division of Investment Management,
pursuant to delegated authority.\2\
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\2\ 17 CFR 200.30-5(e)(2).
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J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-16589 Filed 7-30-20; 8:45 am]
BILLING CODE 8011-01-P
