Etf Exemptive Application, read more Harbor ETF Trust files with the

Etf Exemptive Application, read more Harbor ETF Trust files with the SEC December 12, 2025-Harbor ETF Trust has filed a Third Amended and Restated Application for Exemptive Relief with the SEC. … The Order would provide Funds with two broad categories of relief: (i) the relief necessary to permit or continue, as applicable, standard ETF operations consistent with Rule 6c-11 under the … In this application (“Amendment”), T. Issuers are pushing for exemptive relief that would allow them create ETFs from their mutual funds, essentially offering exposure to the same portfolio holdings in either a mutual fund or ETF. Federal Register 2. 3 This proposed amendment would provide for the “generic” listing … The application aligns with the SEC's latest guidance and its growing emphasis on providing clear, standardized pathways for ETF share class exemptive relief. (Cboe) filed an application with the Securities and Exchange Commission (SEC) to amend its exchange-traded funds (ETFs) listing standards to permit … Applicants have asked the SEC for so-called exemptive relief to offer ETFs as a share class of their mutual fund offerings. If granted, the requested order would permit registered open-end investment companies that are exchange-traded funds (“ETFs”) and are actively managed to operate without being subject … Dozens of fund issuers have petitioned the Securities and Exchange Commission for the ability to combine mutual funds and ETF share classes … Fund Structure to Provide Investment Flexibility and Growth Opportunities for Investment Advisors OAKS, Pa. The US Securities and Exchange Commission (SEC) has issued a public notice that it intends to approve Dimensional’s exemptive relief application to offer exchange-traded fund (ETF) … Matisse Capital Files Application for ETF Share Class Exemptive Relief November 6, 2025-Matisse seeking SEC approval to run side-by-side ETF share classes in existing mutual fund offerings Self-Regulatory Organizations; NYSE Arca, Inc. (“T. On April 1, 2025, Dimensional Fund Advisors LP and its ailiated Funds (“DFA”) filed with the Securities and … The MarketWatch News Department was not involved in the creation of this content. 9 The order permits: (i) certain management … our white paper, the form of the Share Class Relief came into sharper focus. 12, 2024 – SEI® (NASDAQ:SEIC) today announced the filing of an exemptive application with the Securities and Exchange Commission (SEC), seeking approval to establish an … Dimensional Fund Advisors, the industry’s largest active ETF issuer, filed an application for exemptive relief with the Securities and Exchange … The SEC has received 51 applications for so-called exemptive relief from rules that allow the creation of exchange-traded funds from mutual funds, … When the SEC grants the Share Class Relief, applicant Funds will need to consider a number of important matters before relying on it. A Deep Dive Into the ETF Share Class Exemptive Relief Applications In February 2023, Perpetual US Services, LLC filed an application for exemptive relief with the Securities and Exchange Commission (SEC) that, if granted, would allow a mutual fund to create and operate an ETF share class alongside … Morgan Lewis outlines key SEC developments on ETF share class structures and offers a toolkit to help fund managers prepare exemptive applications. This Application differs from the Prior Vanguard ETF Applications in that it seeks relief to permit a Vanguard actively managed fund to … The Order sought by this Application would supersede an exemptive order issued by the Commission to Ares Strategic Income Fund and Ares Capital Management LLC, on April 17, 2023 under Sections … [Federal Register Volume 90, Number 163 (Tuesday, August 26, 2025)] [Notices] [Pages 41611-41618] From the Federal Register Online via the Government Publishing Certain of the Underlying Funds may be registered under the 1940 Act as either UITs or open-end management investment companies and have obtained exemptions from the Commission necessary … Acting Chairman Uyeda highlighted that ETFs started through the SEC’s exemptive application process, and eventually the SEC codified … In particular, the SEC began to issue exemptive orders granting funds of funds relief, including FOF ETF Relief, from various of the 12 (d) (1) restrictions. However, the Commission is grandfathering certain … Guinness Atkinson Funds, with the counsel of Seward & Kissel, has submitted an application seeking an exemptive order from the SEC allowing it to offer exchange-traded shares as … The Dimensional Fund Advisors’ application is a formal request to the SEC for exemptive relief that would allow offerings of ETF share classes within existing mutual funds. 12, 2024 /PRNewswire/ -- SEI® (NASDAQ:SEIC) today announced the … relief to Multi-class ETF Shares was addressed in the Commission’s adoption of Rule 6c-11 under the Investment Company Act (the “ETF Rule”). 9, 2023 /PRNewswire/ -- Perpetual US Services, LLC (d/b/a PGIA) announces the filing of an exemptive application with the Securities and Exchange Commission (SEC), seeking an order Cohen & Steers ETF Trust files with the SEC December 12, 2025-Cohen & Steers ETF Trust has filed an Application for Exemptive Relief with the SEC. 4 However, such … Cohen & Steers ETF Trust files with the SEC December 12, 2025-Cohen & Steers ETF Trust has filed an Application for Exemptive Relief with the SEC. The exemptive application was the longest pending application of more than 80 applications filed by fund sponsors to obtain this relief. Rowe Price Exchange-Traded Funds, Inc. Multiple other … Cboe Global Markets is seeking Securities and Exchange Commission permission to become the first exchange to enable fund issuers to create exchange-traded funds from existing … SEI has filed an exemptive application with the SEC to create an ETF multi-share class structure aimed at improving investment flexibility for advisors. The Commission concluded that a fund seeking to offer an ETF class and mutual fund classes should request relief through the exemptive application process so that the Commission may assess all … On March 12, 2025, the Securities and Exchange Commission (“SEC”) issued a notice on Ares Core Infrastructure Fund’s (“Ares”) application [1] for multi-class … JP Morgan Investment Management is the latest firm to apply for exemptive relief that would allow its funds to have a dual class structure offering … Matisse seeking SEC approval to run side-by-side ETF share classes in existing mutual fund offerings Portland, OR – November 6, 2025 – Matisse Capital, an investment management firm … The ETF rule, 6c-11, allowed the SEC to eliminate certain regulatory requirements that created these ETF speedbumps. Thus, … 8 A Multi-Class ETF Fund’s Mutual Fund Shares will not be listed on any securities exchange, and the Multi-Class ETF Funds do not expect there to be, nor will the Funds permit or facilitate, a secondary … Numerous fund groups and their investment advisers across the industry have filed similar applications for ETF share class relief, and in conjunction with the September 29, 2025 notice … While most exemptive applications to date have been filed by the investment advisor to a set of mutual funds, SEI's application is filed on behalf of … funds and ETFs as separate share classes under the same portfolio. 12, 2024 - SEI® (NASDAQ:SEIC) today announced the filing of an exemptive application with the Securities … The Commission is also rescinding exemptive relief permitting ETFs to operate in a master-feeder structure, which very few ETFs currently utilize. 6 Because the proposed rule would provide a … The Securities and Exchange Commission issued notices of its intent to grant multiple share class exemptive relief for seven private business …. (“Applicants”) and granted … Exchange-Traded Funds Overview The Securities and Exchange Commission (the "Commission') is adopting a new rule under the Investment Company Act of 1940 (the "Investment … The ETF was only possible because the SEC staff had sufficient resources to review the concept and ultimately grant an exemptive application allowing it to be publicly offered to investors. 7 The ETF Rule permits ETFs that satisfy certain … The Application requests exemptive relief that is broader than the Vanguard Orders by seeking exemptive relief to permit the applicants to operate an open-end fund with an actively … Eaton Vance has also filed an exemptive application for a non-transparent active ETF structure, 7 but the Eaton Vance proposal differs from both the Precidian model and the various semi … The SEC has announced that it intends to approve applications for exemptive relief to introduce ETF share classes. (each, a “Corporation,” and together … Hamilton Lane Private Assets Fund ("HLPAF"), Hamilton Lane Private Infrastructure Fund ("HLPIF"), Hamilton Lane Private Secondary Fund ("HLPSF"), Hamilton Lane Venture Capital … This white paper helps funds, advisers and fund boards prepare to take advantage of highly anticipated exemptive relief from the SEC permitting … The agency's acting chair said he was prioritizing review of applications for the Vanguard-style arrangement. In 2000, the Commission granted an exemptive order to The Vanguard Group, Inc. A Multi-Class ETF listed under proposed Rule 14. 2 This white paper provides a brief summary of the proposed … Cboe’s proposed amendments, if approved, would streamline the exchange-listing process for ETF Class Shares to match the process in place for shares issued by ETFs relying on … A major regulatory shift could be on the horizon for asset managers and fund complexes. read more provide blanket exemptive relief to allow for Multi-class ETF Shares as part of the final . Dimensional Fund Advisors amended its bid for multi-share class fund structures, in a sign that the Securities and Exchange Commission is making … Additionally, if the SEC grants our requested exemptive relief, mutual fund shareholders of any funds that offered an ETF share class could exchange … Applicants seeking exemptive relief must file an application with the Commission presenting a basis for the relief requested, and identifying any benefits expected for investors and … The exemptive relief allows DFA’s open-end funds to offer an ETF share class alongside existing mutual fund share classes in the same portfolio, a structure that has only become possible On September 29, 2025, the SEC issued notice of an application filed by Dimensional Fund Advisors LP and its affiliates (“DFA”) to offer an ETF share class (“ETF Class”) and mutual fund share classes … Learn about the latest developments in exchange-traded fund (ETF) share classes from Stradley Ronon, which recently filed an amended application for exemptive relief on behalf of … The agency is telling issuers to base their dual-share-class applications on one from Dimensional Fund Advisors. Rowe”), T. 12, 2024 Fund Structure to Provide Investment Flexibility and Growth Opportunities for … On February 8, 2022, applicants filed an application (the “Application”) with the SEC for exemptive relief from various provisions of the 1940 Act and Rule 22c-1 thereunder to permit the applicants to create … t to add a nontransparent ETF to your fund family. 12, 2024 /PRNewswire/ -- SEI® (NASDAQ:SEIC) today announced the … In 2000, the Commission granted an exemptive order to The Vanguard Group, Inc. Whether the MF or the Semi-Transparent Active ETF has to file the exemptive application will depend on whether the conversion is efected through a direct conversion or a merger: … On July 6, 2020, the Securities and Exchange Commission (the “Commission”) adopted rule amendments (the “Amendments”) to the exemptive relief application process under the Investment … Ten years ago, when the ETF Rule was first proposed, it wasn't unusual for an exemptive relief application to take a year or longer to be approved and cost the filer more than $1 million. (“ Vanguard ”) to permit Vanguard to offer certain index-based open-end management investment companies with … Dimensional Fund Advisors, the industry’s largest active ETF issuer, filed an application for exemptive relief with the Securities and Exchange Commission (SEC) seeking permission to offer … Additionally, the SEC is now in the position to shift personnel and resources in its Division of Investment Management once devoted to approving routine ETF exemptive applications to … In a previous exemptive application for their new ETFs, Precidian had proposed prospectus disclosure, quarterly disclosure of portfolio holdings, and disclosure of the indicative intraday value as substitute … Morgan Stanley Investment Management, which launched its ETF platform in February 2023, has filed an application with the Securities and … The exemptive relief is subject to a variety of conditions, including that on an initial and at least annual basis, the Board of the fund, including the Independent Directors, will find that the multiple class plan … The FS Application eliminates that restriction, instead explicitly allowing Regulated Funds to rely on multiple exemptive orders, provided that board materials and fund records clearly identify … [Federal Register Volume 90, Number 110 (Tuesday, June 10, 2025)] [Notices] [Pages 24463-24471] From the Federal Register Online via the Government Publishing Office While most exemptive applications to date have been filed by the investment advisor to a set of mutual funds, SEI's application is filed on behalf of SEI's mutual fund administration and … ti-class ETF Shares”) of an open-end fund applications for exemptive relief for Multi-class ETF Shares currently before the Commission. If Applicants receive the relief requested in this Application and a Fund determines to offer multiple classes of Shares, it would accept subscriptions for Shares on a continuous basis and would issue … The Commission concluded that a fund seeking to offer an ETF class and mutual fund classes should request relief through the exemptive application process so that the Commission may … The Commission concluded that a fund seeking to offer an ETF class and mutual fund classes should request relief through the exemptive application process so that the Commission may … The staff has received an inquiry regarding whether an ETF may merge with another afiliated ETF,1 notwithstanding certain material representations made in the exemptive application underlying each … Cohen & Steers ETF Trust files with the SEC December 12, 2025-Cohen & Steers ETF Trust has filed an Application for Exemptive Relief with the SEC. The Dimensional application has served as … Watch Now: BoardIQ spoke to Bruce Leto, one of the lawyers who represented the Dimensional Funds in its amended application for exemptive … change-traded of an open-end fund. Under the … Fund Structure to Provide Investment Flexibility and Growth Opportunities for Investment Advisors OAKS, Pa. read more Precidian ETFs Trust, Precidian ETF Trust II, Precidian Funds LLC and Foreside Fund Services, LLC (hereinafter collectively “Applicants”) filed an application and subsequent amendments (the … MFS Active Exchange Traded Funds Trust files with the SEC-MFS Blended Research Emerging Markets Equity ETF December 10, 2025-MFS Active Exchange Traded Funds Trust has filed a Form … A streamlined exemptive application modeled after DFA’s third amended and restated exemptive application that can be used to quickly draft and file an initial or amended ETF Share … SEC provides green light to new exemptive reliefInvestment Processes and Procedures. In the filed amendments from April … Applicants: Precidian ETF Trust II (“Trust”), Precidian Funds LLC, and Foreside Fund Services, LLC (collectively, the “Applicants”). The Dimensional application has served as … In a 2006 exemptive order, the Commission granted certain Vanguard applicants relief from Sections 12 (d) (1) (A) and (B) (the Vanguard 12 (d) (1) Order ). On April 1, 2025, Dimensional Fund Advisors LP and its ailiated Funds (“DFA”) filed with the Securities and … Following productive conversations with the U. SR-NYSEARCA-2025-28] … A T. Harbor ETF Trust files with the SEC December 12, 2025-Harbor ETF Trust has filed a Third Amended and Restated Application for Exemptive Relief with the SEC. Securities and Exchange Commission staff, Stradley Ronon, on behalf of Dimensional Fund Advisors, the largest … Franklin Templeton ETF Trust Franklin Templeton Fund Adviser, LLC Franklin Advisers, Inc. Fund Structure to Provide Investment Flexibility and Growth Opportunities for Investment Advisors OAKS, Pa. 12, 2024 /PRNewswire/ — SEI® SEIC today announced the filing of an … In either case, the resulting ETF must have obtained the necessary exemptive order (a Semi-Trans-parent Active ETF) or must operate pursu-ant to the ETF Rule (a traditional ETF). Accordingly, all ETFs (whether index-based or actively managed) that rely … In addition, these structures also permit licensing arrangements and a shortened exemptive application process that lever-ages the base exemptive application and order, both of which could further … Fund Structure to Provide Investment Flexibility and Growth Opportunities for Investment Advisors OAKS, Pa. ; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Reflect an Amendment to the Exemptive Relief … 1 The Commission first granted exemptive relief to operate ETFs in the early 1990s when the first index-based ETFs were developed. 12, 2024 /PRNewswire/ -- SEI® (NASDAQ:SEIC) today announced the … Self-Regulatory Organizations; NYSE Arca, Inc. If granted, the requested order would permit registered open-end investment companies that are exchange-traded funds (“ETFs”) and are actively managed to operate without being subject … Dimensional is a registered investment adviser and currently manages 123 registered mutual funds and 38 exchange-traded funds (“ETFs”) in the US. The application aligns with the SEC’s latest guidance and its growing emphasis on providing clear, standardized pathways for ETF share class exemptive relief. 12, 2024 Fund Structure to Provide Investment Flexibility and Growth Opportunities for … While most exemptive applications to date have been filed by the investment advisor to a set of mutual funds, SEI's application is filed on behalf of SEI's mutual fund administration and … While most exemptive applications to date have been filed by the investment advisor to a set of mutual funds, SEI's application is filed on behalf of SEI's mutual fund administration and … On April 3, 2025, the SEC published a notice of intent (the Notice) to grant an application for a co-investment exemptive order that significantly departs from existing precedent in ways that offer … SEI Files Exemptive Application for ETF Multi-Share Class OAKS, Pa. ( Vanguard ) to permit Vanguard to offer certain index-based open-end management investment companies with … Since March 12, 2025, the US Securities and Exchange Commission (SEC) has approved multiple applications for multi-share class exemptive relief … This Multi-Class ETF Fund structure would comply with Rule 18f-3 under the Act, except for certain ways in which an ETF Class and Mutual Fund Class (es) would have different rights and … The Funds are actively-managed exchange-traded funds for which Fidelity Covington Trust, among others, submitted an application for exemptive relief (the “Original Application”) which … The first dual share class application was approved by the U. Securities Exchange … Cohen & Steers ETF Trust files with the SEC December 12, 2025-Cohen & Steers ETF Trust has filed an Application for Exemptive Relief with the SEC. Earlier this month, DFA submitted an amended application to address the SEC’s concerns, primarily around how this structure could negatively impact ETF share class holders if cash flows in … “This exemptive relief application is a perfect example of the work we do to stay ahead of the curve while providing opportunities and flexibility for our clients. It is similar to the innovative spirit that led to the creation of the first ETF over three decades ago. The Dimensional application has served as … Pursuant to the ETF Operational Relief, the Order would permit (i) ETF Shares of the Multi-Class ETF Funds to be listed on a national securities exchange (“ Exchange ”), as defined in Rule 6c-11, and … SEI® (NASDAQ:SEIC) today announced the filing of an exemptive application with the Securities and Exchange Commission (SEC), seeking approval to establish an ETF multi-share class … The application aligns with the SEC’s latest guidance and its growing emphasis on providing clear, standardized pathways for ETF share class … As described below, the ETF Operational Relief would provide the Funds with the same relief as contained in Rule 6c-11, subject to the same conditions contained in Rule 6c-11, except that … Morgan Lewis outlines key SEC developments on ETF share class structures and offers a toolkit to help fund managers prepare exemptive applications. In February 2023, Perpetual US Services, LLC filed an application for exemptive relief with the Securities and Exchange Commission (SEC) that, if granted, would allow a mutual fund to … Let us be clear: this notice reflects the Commission’s preliminary determination to grant exemptive relief, subject to public comment and the opportunity for a hearing. In addition, staying … F/m Investments LLC ("F/m"), a wholly owned subsidiary of Diffractive Managers Group, LLC, today announced it filed a novel exemptive application with the U. A handful of ETF sponsors publicly filed exemptive applications and registration statements with the SEC, signaling that they had developed actively managed ETFs that … NEWS On November 14, 2019, the Securities and Exchange Commission (SEC) granted preliminary exemptive relief to T. SEI Files Exemptive Application for ETF Multi-Share Class PR Newswire OAKS, Pa. But if you currently don’t have an ETF infrastructure in place, the operational burden Before exploring the details of the SEC’s exemptive relief and what you … SECURITIES AND EXCHANGE COMMISSION Exemptive Order Governing the Fidelity Women’s Leadership ETF and Fidelity [Release No. (“ Vanguard ”) permitting Vanguard to offer certain index-based open-end management investment companies with … exemptive relief applicable to Multi-class ETF Shares, must be satisfied by a series of ETF itial and continued listing basis. Unlike an exemptive order, the Division’s no-action assurances do not preclude private parties from bringing a successful legal action. On December 10, 2019, the Securities and Exchange Commission approved the exemptive application of T. Dimensional Fund Advisors, the industry’s largest active ETF issuer, filed an application for exemptive relief with the Securities and Exchange Commission (SEC) seeking permission to offer … Permitting the creation of so-called ETF share classes may pull billions of dollars from mutual funds. Securities and Exchange Commission in 2000, allowing just one asset manager to add ETF share classes to its index-tracking … "Filing this application marks an important milestone in our ongoing efforts to broaden investor access to our closed-end fund strategies," said Bryn Torkelson, President and Chief … Applicants seek relief substantially similar to the relief granted by the Commission to certain other open-end management investment companies commonly referred to as “exchange traded funds” (“ ETFs ”) … The Commission first granted exemptive relief to operate ETFs in the early 1990s when the first index-based ETFs were developed. See SPDR Trust Series I, Investment Company Act Release Nos. Proposed Rule: Exchange-Traded Funds Search, browse and learn about the Federal Register. Franklin Advisory Services, LLC Franklin Templeton Investment Management Limited Legg Mason Partners … We would like to show you a description here but the site won’t allow us. Rowe Price to offer semi-transparent exchange-traded funds (ETFs). The Commission first granted exemptive relief to operate ETFs in the early 1990s when the first index-based ETFs were developed. Rowe Price Associates, Inc. 11(n) would therefore not need a separate proposed rule change pursuant to Rule 19b-4 before it can be … Share Class Relief came into sharper focus. BlackRock has joined the parade of firms seeking exemptive relief from the SEC to offer ETF share classes of mutual funds, a filing showed. S. and T. Once the proprietary Invesco … As described below, the ETF Operational Relief would provide the Funds with the same relief as contained in Rule 6c-11, subject to the same conditions contained in Rule 6c-11, except that any … Building on its long-standing research and systematic approach to discount capture and mean-reversion trading in CEFs, Matisse Capital is seeking approval to offer exchange-traded fund … In Morgan Stanley’s January 29th filing, they state the application would be beneficial to mutual fund and ETF shares as ‘the multi-class structure will allow an investor to choose the manner … In 2000, the Commission granted an exemptive order to The Vanguard Group, Inc. The asset manager this week filed for ‘exemptive relief’ with the SEC, which would allow it to offer ETF share classes of mutual funds and mutual fund share classes of ETFs. 4 This became known as … The exemptive application was the longest pending application of more than 80 applications filed by fund sponsors to obtain this relief. The SEC’s long-awaited exchange-traded fund (ETF) share class exemptive relief could redefine … Inadvertent Investment Companies - Foreign Banks/Insurance Insurance Products - Substitution Related Affiliated Securities Transactions Dimensional has filed an amended version of its application for exemptive relief to offer ETF share classes of its traditional mutual funds. Lastly, Rule 14. 12, 2024 /PRNewswire/ -- SEI ® (NASDAQ:SEIC) today announced the filing of an exemptive application with the Securities and Exchange Commission (SEC), seeking approval to OAKS, Pa. Currently, investment advisers to Regulated Funds must be made aware of all potential co … Cboe’s Application Focuses on the Product’s Listing When a new ETF product falls outside the ETF Rule’s general provisions, fund sponsors must apply for SEC exemptive relief, and … Dimensional Fund Advisors, the industry’s largest active ETF issuer, filed an application for exemptive relief with the Securities and Exchange Commis The ETF Exemptive Order permits in-kind creation and redemption transactions with ETFs to include subject and related securities even if the Authorized Participant or ETF is a covered … The form of exemptive application that, as of the publication date of this Handbook, the SEC is anticipated to require be filed in order for a fund to offer both an ETF share class and one or more … Following the notice of intent to grant relief in September, and having received no request for a public hearing into the application, the SEC issued an Exemptive Order for Dimensional Fund Advisors … The ETF Rule eliminates distinctions that exist between index-based and actively managed ETFs under existing exemptive relief. Matisse seeking SEC approval to run side-by-side ETF share classes in existing mutual fund offerings PORTLAND, … --SEI ® today announced the filing of an exemptive application with the Securities and Exchange Commission, seeking approval to establish an ETF multi-share class structure of mutual … Following productive conversations with the U. In connection with the final rule, the … The US Securities and Exchange Commission (SEC) has approved a streamlined framework for co-investments involving certain closed-end funds and business development … B. Dimensional Fund Advisors, the industry's largest active ETF issuer, filed an application with the Securities and Exchange Commission seeking … Applicants request an Order that would permit a Fund to offer one class of exchange-traded shares that operates as an exchange-traded fund (an “ ETF Class,” and such shares, “ ETF Shares ”) and one or … With such a license, managers may operate ActiveShares ETFs as series of the Trusts. 12, 2024 /PRNewswire/ -- SEI ® (NASDAQ:SEIC) today announced the filing of an exemptive application with the Securities and Exchange Commission (SEC), seeking approval to The exemptive relief requested by the application is the first of its kind sought within the ETF industry and, if granted by the SEC, has the potential to make the US Benchmark Series … For example, many funds have historically required an exemption in order to operate, such as exchange-traded funds, and other funds have sought exemptive relief in order to operate in a … In addition, these structures also permit licensing arrangements and a shortened exemptive application process that lever-ages the base exemptive application and order, both of which could further … The Commission concluded that a fund seeking to offer an ETF class and mutual fund classes should request relief through the exemptive application process so that the Commission may assess all … Fund Structure to Provide Investment Flexibility and Growth Opportunities for Investment Advisors OAKS, Pa. On December 12, 2024, SEI Investments Co (SEIC, Financial) announced the filing of an exemptive application with the Securities and Exchange Commission (SEC) to establish an ETF multi-share … The Prior Vanguard ETF Orders relate only to Vanguard index funds. As these applications are … Rule 6c-11 will replace hundreds of individualized exemptive orders and, in order to level the playing field among most ETFs and to protect ETF investors, the SEC will rescind exemptive relief previously … US-based Dimensional Fund Advisors has filed an application for exemptive relief with the Securities and Exchange Commission (SEC) seeking permission to offer ETF share classes of its US … exemptive order. 0 is the unofficial daily publication for rules, proposed rules, and notices of Federal agencies and … In April, Cboe BZX Exchange, Inc. Rowe Price Equity Series, Inc. Or, they may seek “fast track” exemptive relief from the SEC by incorporating by reference the terms … The application aligns with the SEC’s latest guidance and its growing emphasis on providing clear, standardized pathways for ETF share class exemptive relief. … The Filing relates to a request2 by the Trust and other parties for exemptive relief from various provisions of the Investment Company Act of 1940, as amended (Exemptive Application), and a … a no-action letter. (“Vanguard”) to permit Vanguard to offer certain index-based open-end management investment … Dimensional Fund Advisors amended its bid for multi-share class fund structures, in a sign that the Securities and Exchange Commission is making progress on the applications after the … The report analyzes the 51 exemptive applications currently pending before the SEC in which asset managers and fund complexes seek permission to use a unique multiple share class … Franklin Templeton is seeking exemptive relief from the Securities and Exchange Commission to offer both ETF share classes of mutual funds and mutual fund share classes of ETFs, … The application aligns with the SEC’s latest guidance and its growing emphasis on providing clear, standardized pathways for ETF share class exemptive relief. ; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Reflect an Amendment to the Application and Exemptive … Others are working on their own approaches, including Invesco which filed an application with the SEC in September requesting exemptive relief to build a proprietary non-transparent active … At the end of 2007, all that changed. 14 However, it seems “highly unlikely” … Dimensional Co-CEO Gerard O’Reilly talks with Bloomberg about the firm’s application for exemptive relief from the SEC to offer ETF share classes of … In 2000, the Commission granted an exemptive order to The Vanguard Group, Inc. Securities and Exchange Commission staff, Stradley Ronon, on behalf of Dimensional Fund Advisors (DFA), the largest active exchange … The SEC has reached out to other companies in the queue, telling them to use Dimensional’s application for exemptive relief under Section 6 (c) of the Investment Company Act of … Exchange-Traded Funds ETFs have become viable new channels for investment advisers to further distribute their investment strategies, and Ultimus provides a comprehensive service offering to help … In this application (“ Application ”), Lifetime Income Trust (the “ Initial Trust ”), on behalf of itself and its three series (each series, a “ Sub-Trust ”), and Audex LLC (the “ Initial Sponsor, ” and … Dimensional Fund Advisors became the second asset manager this year to file an application (“Application”) with the SEC to permit its mutual funds to offer an ETF share class. permits the trust issuing the ETF Shares to offer ETF Shares in addition to classes of shares that i-class ETF Shares applications for exemptive relief for Multi-class ETF Shares currently … SEI seeks SEC approval for innovative ETF multi-share class structure, potentially transforming mutual fund management for 45+ clients on its $100B+ AIC platform. On April 1, 2025, Dimensional Fund Advisors LP and its ailiated Funds (“DFA”) filed with the Securities and Exchange Commission (“SEC”) an amended … As industry demand for this fund structure has increased, SEI has evaluated the ETF multi-share class model and how it can help effectively meet the needs of its proprietary mutual funds and clients … our white paper, the form of the Share Class Relief came into sharper focus. Securities and Exchange Commission staff, Stradley Ronon, on behalf of Dimensional Fund Advisors, has filed an amended application for … Dimensional Fund Advisors filed an application with the Securities and Exchange Commission (SEC) to permit the Advisor’s mutual funds to offer an ETF share class. The relief … CHICAGO, Feb. … ‘Dimensional has filed an amended application for exemptive relief to offer ETF share classes following productive conversations with the SEC staff,’ a … The Handbook reflects the passage of the seminal ETF Rule and the changes to the regulatory structure implicated by its passage. For too long, the artificial divide between mutual fund and ETF share classes has … The exemptive application is the longest pending application of more than 80 applications filed by fund sponsors to obtain this relief. Instead, the Commission concluded that Multi-class ETF Shares should reque relief through the exemptive … [Federal Register Volume 90, Number 135 (Thursday, July 17, 2025)] [Notices] [Pages 33425-33428] From the Federal Register Online via the Government Publishing Office On April 3, the US Securities and Exchange Commission (SEC) approved an exemptive application 1 that allows for a more flexible co … Most exchange traded fund issuers say they expect active and passive mutual funds adding ETF share classes to be approved and 93% of … The report analyzes the 51 exemptive applications currently pending before the SEC in which asset managers and fund complexes seek permission to use a unique multiple share class … “Act”) that will permit exchange-traded funds (“ETFs”) that satisfy certain conditions to operate without the expense and delay of obtaining an exemptive order. Home Rules and Regulations Exchange Act Exemptive Notices and Orders Subject to the Freedom of Information Act, exemptive applications received at either address will not be made available to the public by the Commission unless the Commission chooses … The SEC granted ETF share class exemptive relief to an applicant once before twenty-five years ago: In 2000, the Commission allowed Vanguard to ofer certain index-based open-end funds with mutual … OAKS, Pa. The Dimensional and Perpetual applications also contemplate only … Fund Structure to Provide Investment Flexibility and Growth Opportunities for Investment Advisors OAKS, Pa. 34-102786; File No. Filing Dates: The application was filed on November … More than 50 managers have requested exemptive relief to offer dual share classes of traditional mutual funds and ETFs. That is, most ETFs will be permitted to rely on exemptive rule 6c-11 to go … As industry demand for this fund structure has increased, SEI has evaluated the ETF multi-share class model and how it can help effectively meet the needs of its proprietary mutual funds and clients … On September 29, 2025, the SEC issued a notice of an amended application for an exemptive order to permit the applicant open-end management investment WASHINGTON-- (BUSINESS WIRE)-- F/m Investments ("F/m"), a $17 billion investment firm and innovative provider of exchange-traded funds (ETFs), today announced it has amended and … Conclusion ETFs continue to grow, and the possibility of SEC exemptive relief to expand ETF share class options could have significant … While most exemptive applications to date have been filed by the investment advisor to a set of mutual funds, SEI's application is filed on behalf of SEI's mutual fund administration and Asset managers that are interested in offering ETF share classes within an existing mutual fund structure may want to consider filing their own application for exemptive relief with the … Harbor ETF Trust files with the SEC December 12, 2025-Harbor ETF Trust has filed a Third Amended and Restated Application for Exemptive Relief with the SEC. On September 29, 2025, the Securities and Exchange Commission (SEC or Commission) indicated its intent to grant the … On September 25, 2019, the Securities and Exchange Commission (the “Commission”) adopted new rule 6c-11 under the Investment Company Act of 1940 (the “Investment Company Act”) that will … On May 29, Dimensional Fund Advisors filed a newly amended dual share class application with the Securities and Exchange Commission (SEC). 12, 2024 /PRNewswire/ -- SEI® (NASDAQ:SEIC) today announced the … The firms supporting the exemptive application believe that the natural evolution of active management is to operate with a single pool of assets in order to provide fund shareholders with A Small Entity Compliance Guide [1] This compliance guide is divided into the following parts: Introduction Who is covered by Rule 12d1-4? What exemptive relief does Rule 12d1-4 provide? What … SEC has "responded to industry concerns about the sluggish exemptive application process that has hindered product development," says Cipperman Compliance Services. Together with its global advisory affiliates, … November 5, 2025-Wahed, a global leader in Shariah-compliant digital investing, together with KraneShares, a specialist in innovative, research-driven exchange-traded funds (ETFs), is proud to … SEI Files Exemptive Application for ETF Multi-Share Class PR Newswire OAKS, Pa. The SEC has an opportunity to build on these positive developments by granting exemptive relief to more fund groups, giving such funds the ability to … WASHINGTON, DC — Following productive conversations with the U. The ETF Rule's most significant impact is the elimination of the exemptive relief requirement, in which would-be ETF issuers had to file with the … The application was filed with the Securities and Exchange Commission (SEC) on Wednesday and if granted would allow Tidal to offer mutual fund classes of the 171 ETFs that the … OAKS, Pa. The application differs from similar requests for exemptive relief filed by other asset managers, which have been focused on applying for ETF share classes for the manager’s own funds. 12, 2024 /PRNewswire/ -- SEI® today announced the filing of an exemptive If approved, this development would allow investors to access these established strategies through both mutual fund and ETF structures within a single portfolio—enhancing … Vanguard’s relief only permits mutual fund shareholders to exchange their shares for ETF shares, and not the reverse. Invesco also filed for an exemptive order to license Fidelity’s active equity ETF methodology in July 2020, which was granted in October 2020. Historically, exemptive orders to operate actively managed ETFs (Active ETFs) have required daily holdings disclosure in order to facilitate this arbitrage mechanism. Rowe Price Group subsidiary has filed two exemptive relief applications with the Securities and Exchange Commission, one of which seeks approval to offer ETF share classes of … Learn about the SEC’s new exemptive relief simplifying co-investment approvals for Regulated Funds, offering flexibility with updated compliance conditions “Filing this application marks an important milestone in our ongoing efforts to broaden investor access to our closed-end fund strategies,” said Bryn Torkelson, President and Chief … shares of another fund in excess of the limits of section 12(d)(1) without obtaining an exemptive order from the Commission, subject to certain conditions. 11(l)(4)(B)(i)(a) to provide that, if the Exchange becomes … On February 7, 2023, Perpetual US Services, LLC, doing business as PGIA, a registered investment adviser, filed an exemptive application primarily seeking relief to permit the creation and operation of … To the extent Mutual Fund Shares may be converted into ETF Shares as part of an Exchange Privilege, a Fund’s Mutual Fund Shares prospectus will contain appropriate disclosure about the ETF Shares … Asset managers that are interested in offering ETF share classes within an existing mutual fund structure may want to consider filing their own application for exemptive relief with the … The application aligns with the SEC’s latest guidance and its growing emphasis on providing clear, standardized pathways for ETF share class exemptive relief. … To protect fund investors, the Act is highly restrictive; however, Congress also recognized the need for flexibility and empowered the SEC to grant exemptions from provisions of the Act. Despite interest from sponsors and investors, the Commission has yet to entertain an exemptive application for an ETF or approve an exchange rule allowing for the operation of crypto … The exemptive relief requested by the application is the first of its kind sought within the ETF industry and, if granted by the SEC, has the potential … Global leader in systematic active investing seeks exemptive relief from the SEC to permit ETF share classes of the firms mutual funds AUSTIN, Texas--(BUSINESS WIRE)-- Dimensional Fund The Order sought by this Application would supersede an exemptive order issued by the Commission to HPS Corporate Lending Fund and HPS Investment Partners, LLC on May 25, 2021 … If the SEC were to approve the CBOE’s application, funds seeking to list ETF Shares on the CBOE would still need to receive an order from the SEC granting separate exemptive relief to offer a multi … Any Future Fund will (a) be advised by the Adviser or an entity controlling, controlled by, or under common control with the Adviser (each entity included in the term Adviser), and (b) comply with the … ‘In our view, ETF share class exemptive relief would allow us to continue to innovate so that mutual fund cash flows, combined with the secondary market trading activity of an ETF share … While most exemptive applications to date have been filed by the investment advisor to a set of mutual funds, SEI's application is filed on behalf of SEI's mutual fund administration and While most exemptive applications to date have been filed by the investment advisor to a set of mutual funds, SEI's application is filed on behalf of SEI's mutual fund administration and … The firms supporting the exemptive application believe that the natural evolution of active management is to operate with a single pool of assets in order to provide fund shareholders with increased choice, … Perpetual US Services filed an exemptive application with the SEC seeking permission for actively managed exchange-traded fund share classes of mutual funds. It is not the final … Dimensional has filed an amended application for exemptive relief to offer ETF share classes following productive conversations with the Securities and Exchange Commission (SEC) staff. , Dec. vxlbatd ylvo shrjcz zqxb xvnxqu qfolu lwwowe guon dilqd lhhggn