12 Feb 2025
📈SEC Notice on Exemption for Venerable Investment Advisers
Venerable Variable Insurance Trust and Venerable Investment Advisers, LLC
Summary
The Securities and Exchange Commission issued a notice regarding an application from Venerable Variable Insurance Trust and Venerable Investment Advisers, LLC. The application seeks exemption from specific regulations which would facilitate the amendment of subadvisory agreements without needing shareholder approval, thus reducing compliance burdens for the firm.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The notice involves a request for exemption from certain regulatory requirements that may ease compliance for businesses like Venerable Variable Insurance Trust by allowing them to amend subadvisory agreements without shareholder approval. This change could impact business operations and financial management strategies for investment firms.