4 Feb 2025
📈SEC Notice on RBB Fund Trust and Tweedy Browne LLC Application
The RBB Fund Trust and Tweedy, Browne Company LLC
Summary
The SEC has issued a notice regarding an application from The RBB Fund Trust and Tweedy, Browne Company LLC for an exemption under the Investment Company Act of 1940. The exemption seeks to ease the process for amending subadvisory agreements without needing shareholder approval and reduce certain disclosure obligations.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The SEC's notice indicates a request for an exemption from typical disclosure requirements, allowing for more flexible management concerning subadvisory agreements without needing shareholder approval. This could impact investment companies by reducing regulatory burdens and enhancing operational efficiency. It also reveals potential shifts in compliance frameworks that executives need to monitor closely.