ETF Trust Wants Fewer Votes and Less Fee Disclosure from SEC
Published Date: 1/21/2025
Notice
Summary
ETF Opportunities Trust and Brookmont Capital Management want to change how they handle agreements with their subadvisors without needing shareholder approval. They’re also asking to skip some usual fee disclosure rules. If you want to speak up, you have until February 10, 2025, to request a hearing.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 2 costs, 0 mixed.
Fund Can Change Subadvisor Deals Without Shareholder OK
The SEC notice says the applicants seek permission to enter into and materially amend subadvisory agreements without shareholder approval. The application was filed October 23, 2024 (amended November 4, 2024) and interested persons may request a hearing by 5:30 p.m. on February 10, 2025.
Fee Disclosure Relief for Subadvisor Payments
The applicants request relief from certain disclosure rules so they would not have to follow parts of rule 20a-1, Form N-1A Item 19(a)(3), Schedule 14A Items 22(c) and related Regulation S-X sections when reporting fees paid to subadvisors. The request is part of the same application filed October 23, 2024 and amended November 4, 2024.
Your PRIA Score
Personalized for You
How does this regulation affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this federal register document and every other regulation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Take It Personal
Get Your Personalized Policy View
Start a Free Government Policy Watch to see how policy affects your household, then upgrade to PRIA Full Coverage for year-round monitoring.
Already have an account? Sign in