🏦SEC Notice for Mercer Funds on Sub-Advisory Agreement Exemption
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.
Learn More📈SEC Notice on GoldenTree Fund Exemption Application
This SEC notice pertains to an application from GoldenTree Opportunistic Credit Fund for an exemption to allow multiple share classes and the imposition of asset-based fees. The Commission invites public comments and requests for hearings on this application, highlighting its significance for registered investment companies.
Learn More⚖️SEC Temporary Order for Credit Suisse
The Securities and Exchange Commission has issued a temporary order allowing Credit Suisse Services AG and its affiliates to continue operations despite ongoing legal complexities. This exemption is critical for maintaining their investment advisory services while navigating significant compliance issues stemming from past convictions related to financial misconduct. The decision impacts direct operational and financial strategies within the firm.
Learn More💼SEC Notice on Co-Investment Application for Business Development Companies
The Securities and Exchange Commission has announced a notice regarding an application that seeks permission for certain business development companies to co-invest in portfolio companies, aiming to streamline investment practices and foster collaboration among investment firms. Interested parties can request a hearing on the matter.
Learn More📈SEC Proposal for P.M.-Settled Options on S&P 500 Equal Weight Index
The SEC has published a notice for a proposed rule change allowing Cboe Exchange to list and trade p.m.-settled options on the S&P 500 Equal Weight Index. This change aims to provide additional trading opportunities and more precise risk management options for investors, thereby enhancing market participation and investment strategies.
Learn More📈SEC Notice for RJ Private Credit Income Fund Exemption Application
The SEC has issued a notice regarding the RJ Private Credit Income Fund's application for exemptions from specific sections of the Investment Company Act of 1940. The application aims to enable certain closed-end investment companies to issue multiple classes of shares and charge early withdrawal fees. Interested parties may request a hearing on the matter.
Learn More📈Fidelity Covington Trust Seeks Amended Order for ETFs
The Securities and Exchange Commission (SEC) has received a request from Fidelity Covington Trust to amend a prior order, allowing funds to invest in a broader range of instruments. This change would enable funds to have greater flexibility in their investment strategies while maintaining specific disclosure requirements.
Learn More📈NYSE Withdraws Rule Change on Annual Meetings for Closed-End Funds
The SEC announces the withdrawal of NYSE's proposed rule amendment, which aimed to exempt closed-end funds registered under the Investment Company Act of 1940 from annual shareholder meeting requirements. The decision followed an extended review period and highlights ongoing regulatory scrutiny around shareholder engagement processes within the investment sector.
Learn More📉Applications for Deregistration Under Investment Company Act
Applicant, a unit investment trust, seeks an order declaring that it has ceased to be an investment company. Applicant has never made a public offering of its securities and does not propose to make a public offering or engage in business of any kind. Filing Date: The application was filed on June 21, 2024. Applicant's Address: One American Row, Hartford, Connecticut 06103.
Learn More📈SEC Notice on Investment Fund Exemption from Disclosure Requirements
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.
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