SEC Eyes Faster ETF Fee Changes Without Shareholder Votes
Published Date: 4/21/2026
Notice
Summary
Man ETF Series Trust and Man Solutions LLC want permission to change their subadvisory agreements without asking shareholders every time and to keep some fee details private. This means they can act faster and with less paperwork, but shareholders can still ask for a hearing by May 12, 2026. If approved, this could speed up how they manage money and fees behind the scenes.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 2 costs, 0 mixed.
Keep Subadviser Fee Details Private
If you own shares of the Man ETF Series Trust, the applicants request relief from certain disclosure requirements so that fees paid to subadvisers do not have to be disclosed as specified by the rules listed in the application. This would limit the fund-level disclosure of subadviser fee details. Shareholders may request a hearing by 5:30 p.m. Eastern on May 12, 2026.
Change Subadvisers Without Shareholder Approval
If you own shares of the Man ETF Series Trust, the applicants seek permission to enter into and materially amend subadvisory agreements with subadvisers without asking shareholders for approval. This change would eliminate the requirement that shareholders approve such subadvisory agreements. Shareholders may request a hearing by 5:30 p.m. Eastern on May 12, 2026.
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Key Dates
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