# 2026-22854: ETF Managers Ask SEC to Skip Shareholder Votes and Disclosures

2026-22854, Bluerock ETF Trust and Bluerock ETF Advisor, LLC, is a Federal Register notice from Securities and Exchange Commission published 2026-11-10, effective 2026-09-25; PRIA reads it as touching household money (as of 2026-11-11).

- Canonical: https://policyrisk.com/federal-register/2026-22854
- As of: 2026-11-11
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2026-22854
- Title: Bluerock ETF Trust and Bluerock ETF Advisor, LLC
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 91 FR 72604
- Published: 2026-11-10
- Effective: 2026-09-25
- Comments close: not stated
- Significant: no
- Touches household money: yes
- Regulation identifier numbers: none
- Last updated: 2026-11-11

## In one line

ETF Managers Ask SEC to Skip Shareholder Votes and Disclosures

## Summary

Bluerock ETF Trust and Bluerock ETF Advisor, LLC want permission to change their subadviser contracts without asking shareholders every time. They’re also asking to skip some usual fee disclosures about these subadvisers. If the SEC agrees, this could speed up how Bluerock manages its ETFs, with a decision expected by the end of November 2026.

## Effects PRIA read

- Subadviser Changes Without Shareholder Vote: cost, low. Bluerock ETF Trust and Bluerock ETF Advisor, LLC asked the SEC for permission to enter into and materially amend subadvisory agreements without obtaining shareholder approval. The application was filed September 25, 2026; the SEC will issue an order unless it grants a hearing requested by 5:30 p.m.…
- Exemption From Subadviser Fee Disclosures: cost, low. The applicants requested relief from certain disclosure requirements (including rule 20a-1, Item 19(a)(3) of Form N-1A, specified items of Schedule 14A, and parts of Regulation S-X) as they relate to fees paid to subadvisers, which would allow Bluerock to omit some usual fee disclosures. The applic…

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## Sources
- [2026-22854 on federalregister.gov](https://www.federalregister.gov/documents/2026/11/10/2026-22854/bluerock-etf-trust-and-bluerock-etf-advisor-llc)
- [2026-22854 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2026-11-10/pdf/2026-22854.pdf)

## Related
- [Previous: 2026-22853, Horizon Investments, LLC and Horizon Funds](https://policyrisk.com/federal-register/2026-22853)
- [Next: 2026-22855, Submission for OMB Review; Comment Request](https://policyrisk.com/federal-register/2026-22855)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2026-22854 (as of 2026-11-11).