Fund Adviser Seeks Flexibility to Change Deals Without Shareholder Votes
Published Date: 10/23/2026
Notice
Summary
FIS Trust and Faith Investor Services, LLC asked the SEC for permission to change their subadvisory agreements without needing shareholder approval and to skip some usual fee disclosures. This means they can update contracts and manage fees more flexibly, potentially speeding up decisions. If no one objects by November 16, 2026, the SEC will approve these changes.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 2 costs, 0 mixed.
Subadvisor Contracts Can Be Changed Without Vote
If you own shares of funds advised by FIS Trust or Faith Investor Services, those firms have asked permission to enter into and materially amend subadvisory agreements without getting shareholder approval. The application was filed on August 18, 2026 and amended on October 06, 2026, and the Commission will issue the order unless a hearing is requested by 5:30 p.m. Eastern on November 16, 2026.
Fee Disclosure Relief for Subadvisers
The applicants requested relief from certain disclosure requirements so they would not have to provide the usual fee disclosures about fees paid to subadvisers. The request seeks exemption from rule 20a-1 related disclosures and several Schedule 14A and Form N-1A items.
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