📈SEC Notice on Investment Fund Exemption from Disclosure Requirements
The RBB Fund Trust and First Eagle Investment Management, LLC
Summary
The SEC issued a notice regarding a request for exemption under the Investment Company Act, enabling the RBB Fund Trust and First Eagle Investment Management to amend subadvisory agreements without obtaining shareholder consent. This regulatory action addresses specific disclosure obligations related to subadviser fees, impacting future governance and operational practices within the investment management sector.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The content outlines a regulatory application for an exemption from certain disclosure requirements, allowing the RBB Fund Trust and First Eagle Investment Management, LLC to amend subadvisory agreements without shareholder approval. This has significant implications for financial reporting and governance structures within investment firms.