SEC Notice on VegaShares ETF Trust Subadviser Approval and Fee Disclosure Request
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This notice advances a request that would let VegaShares ETF Trust and Vega Capital Partners change or add fund subadvisers without first getting shareholder approval. It would also let them report subadviser fees in a less detailed way than normally required. The change would mainly affect VegaShares funds, their adviser, current or future subadvisers, and fund shareholders. The SEC will grant the request unless it orders a hearing. Anyone seeking a hearing must ask the SEC by May 25, 2026.
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Key Changes
- Would allow VegaShares ETF Trust and Vega Capital Partners to enter into or materially amend subadvisory agreements without shareholder approval
- Would allow less detailed public disclosure of fees paid to fund subadvisers
- Sets a May 25, 2026 deadline for interested parties to request an SEC hearing
Obligations
What this law requires
Interested persons seeking a hearing on SEC file number 812-15998 must email the hearing request to the SEC Secretary at [email protected] and include the file number in the email.
Interested persons requesting a hearing must serve VegaShares ETF Trust and Vega Capital Partners LLC with a copy of the hearing request, using the listed applicant contact email [email protected].
A hearing request must be accompanied by proof of service on the applicants, either as an affidavit or, for lawyers, a certificate of service.
A hearing request must state the requester’s interest, facts bearing on whether a hearing is desirable, the reason for the request, and the issues contested.
Persons who want to be notified of any hearing must request notification by emailing the SEC Secretary.