SEC Notice on RBB Fund Trust and Seven Post Investment Office Exemption Request
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This notice would allow RBB Fund Trust and Seven Post Investment Office LP to hire or change fund subadvisers without first getting shareholder approval, if the SEC grants the requested exemption. It would also let them avoid some detailed fee disclosures tied to those subadvisers. The change matters mainly to fund shareholders, investment advisers, and compliance teams overseeing registered funds. Interested parties can ask the SEC for a hearing by July 13, 2026, before the order is granted.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- Would permit subadvisory agreements to be entered into or materially amended without shareholder approval
- Would provide relief from certain disclosure rules for subadviser fee information
- Allows interested parties to request an SEC hearing before the exemption order is issued
Obligations
What this law requires
Interested persons requesting an SEC hearing must email the hearing request to the SEC Secretary at [email protected] and include file number 812-16025.
Interested persons requesting a hearing must serve the Applicants with a copy of the hearing request by email if an applicant email address is listed, or personally or by mail if only a physical address is listed.
Hearing requests must be accompanied by proof of service on the Applicants, in the form of an affidavit or, for lawyers, a certificate of service.
Under rule 0-5, a hearing request must state the nature of the requester’s interest and any facts bearing upon the request.