28 May 2025
🏦SEC Notice for Mercer Funds on Sub-Advisory Agreement Exemption
Mercer Funds and Mercer Investments LLC
Summary
The Securities and Exchange Commission (SEC) has issued a notice regarding an application from Mercer Funds and Mercer Investments LLC for an exemption under the Investment Company Act. This exemption would allow the Trust's board of trustees to approve new and modified sub-advisory agreements without adhering to the traditional in-person meeting requirement. Interested parties may request a hearing on the application.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The notice pertains to an application for an exemption allowing Mercer Funds' board to approve sub-advisory agreements without in-person meetings, potentially streamlining administrative processes and impacting compliance costs for similar investment firms.