17 Jun 2025
📈SEC Notice on Venerable Variable Insurance Trust Exemption Application
Venerable Variable Insurance Trust and Venerable Investment Advisers, LLC
Summary
The SEC has issued a notice regarding an application from Venerable Variable Insurance Trust and Venerable Investment Advisers, LLC, seeking an exemption under the Investment Company Act. This exemption would allow the approval of sub-advisory agreements without the need for in-person meetings, aiming to streamline governance and operational processes for the trust's board of trustees.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The notice pertains to an exemption application allowing a board of trustees to approve sub-advisory agreements without in-person meetings, which could ease operational compliance burdens for investment companies. This change may impact governance practices and efficiency in managing investment products.