SEC Issues Notice on Elevation Series Trust Subadvisor Exemption Request
The notice binds Elevation Series Trust and Norris Perné and French LLP, whose exemption request will be granted unless a hearing is filed by Sept. 7, 2026.
The Securities and Exchange Commission issued a notice of an application under section 6(c) of the Investment Company Act of 1940 for an exemption from section 15(a) of the Act and from certain disclosure requirements in rule 20a-1, Form N-1A Item 19(a)(3), Schedule 14A items 22(c)(1)(ii), 22(c)(1)(iii), 22(c)(8) and 22(c)(9), and Regulation S-X sections 6-07(2)(a), (b) and (c). The exemption would allow Elevation Series Trust and Norris Perné and French LLP to enter into and materially amend subadvisory agreements without shareholder approval and to forego disclosure of fees paid to subadvisors.
The application was filed on April 17, 2026 and amended on June 12, 2026. A hearing request must be received by the Commission by 5:30 p.m. Eastern Time, on September 7, 2026, and must be accompanied by proof of service on the applicants. Requests are to be emailed to the SEC's Secretary with the file number referenced above, or served personally or by mail as appropriate.
Unless the Commission orders a hearing, an order granting the requested relief will be issued. The amended application dated June 12, 2026 is available on the SEC's website via the file number at the top of this document or through the EDGAR system. For further information, contact Rachel Loko, Senior Special Counsel, at (202) 551-6825, Division of Investment Management, Chief Counsel's Office. The Office of Investor Education and Assistance can be reached at (202) 551-8090.
The notice is filed under FR Doc 2026-16702, Investment Company Act Release No. 36294; 812-16016, and was signed by Sherry R. Haywood, Assistant Secretary, for the Division of Investment Management under delegated authority.