Funds Ask SEC to Let Them Skip Asking Shareholders
Published Date: 7/21/2026
Notice
Summary
360 Funds and M3Sixty Capital want permission to change their subadviser agreements without asking shareholders every time. They’re also asking to skip some usual fee disclosures to make things simpler. If no one objects by August 10, 2026, the SEC will likely approve these changes, which could speed up how these funds manage their money.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 2 costs, 0 mixed.
Change Subadvisers Without Shareholder Vote
360 Funds and M3Sixty Capital asked the SEC for permission to enter into and materially change subadvisory agreements without getting shareholder approval. The application was filed May 15, 2026 (amended June 26 and July 15, 2026); the SEC will issue the order unless a hearing is requested by August 10, 2026.
Relief From Fee Disclosure Requirements
The applicants seek relief from several disclosure rules so they would not have to provide certain fee disclosures about payments to subadvisers. The relief specifically relates to fees paid to subadvisers and is part of the same application that may be approved if no hearing is requested by August 10, 2026.
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