Notice2022-03152
Advisors Series Trust and Semper Capital Management, L.P.
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
February 15, 2022
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 87 Issue 31 (Tuesday, February 15, 2022)</title>
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[Federal Register Volume 87, Number 31 (Tuesday, February 15, 2022)]
[Notices]
[Pages 8623-8624]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-03152]
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SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 34500; 812-15231]
Advisors Series Trust and Semper Capital Management, L.P.
February 9, 2022.
AGENCY: Securities and Exchange Commission (``Commission'').
ACTION: Notice.
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Notice of an application under section 6(c) of the Investment
Company Act of 1940 (``Act'') for an exemption from section 15(a) of
the Act, as well as from certain disclosure requirements in rule 20a-1
under the Act, Item 19(a)(3) of Form N-1A, Items 22(c)(1)(ii),
22(c)(1)(iii), 22(c)(8) and 22(c)(9) of Schedule 14A under the
Securities Exchange Act of 1934, and sections 6-07(2)(a), (b), and (c)
of Regulation S-X (``Disclosure Requirements'').
SUMMARY OF APPLICATION: The requested exemption would permit
Applicants (as defined below) to enter into and materially amend
subadvisory agreements with subadvisers without shareholder approval
and would grant relief from the Disclosure Requirements as they relate
to fees paid to the subadvisers.
APPLICANTS: Advisors Series Trust (``Trust''), a Delaware statutory
trust registered under the Act as an open-end management investment
company with multiple series, including Semper Brentview Dividend
Growth Equity Fund (the ``Fund''), and Semper Capital Management, L.P.,
a Delaware limited partnership registered as an investment adviser
under the Investment Advisers Act of 1940 that serves an investment
adviser to the Fund (collectively with the Trust, the ``Applicants'').
FILING DATES: The application was filed on May 19, 2021 and amended on
August 13, 2021 and November 12, 2021.
HEARING OR NOTIFICATION OF HEARING: An order granting the requested
relief will be issued unless the Commission orders a hearing.
Interested persons may request a hearing on any application by emailing
the Commission's Secretary at <a href="/cdn-cgi/l/email-protection#5c0f393f2e39283d2e252f71133a3a353f391c2f393f723b332a"><span class="__cf_email__" data-cfemail="aaf9cfc9d8cfdecbd8d3d987e5ccccc3c9cfead9cfc984cdc5dc">[email protected]</span></a> and serving the
Applicants with a copy of the request by email, if an email address is
listed for the relevant Applicant below, or personally or by mail, if a
physical address is listed for the relevant Applicant below. Hearing
requests should be received by the Commission by 5:30 p.m. on March 7,
2022, and should be accompanied by proof of service on the Applicants,
in the form
[[Page 8624]]
of an affidavit, or, for lawyers, a certificate of service. Pursuant to
rule 0-5 under the Act, hearing requests should state the nature of the
writer's interest, any facts bearing upon the desirability of a hearing
on the matter, the reason for the request, and the issues contested.
Persons who wish to be notified of a hearing may request notification
by emailing the Commission's Secretary.
ADDRESSES: The Commission: <a href="/cdn-cgi/l/email-protection#b9eadcdacbdccdd8cbc0ca94f6dfdfd0dadcf9cadcda97ded6cf"><span class="__cf_email__" data-cfemail="c093a5a3b2a5b4a1b2b9b3ed8fa6a6a9a3a580b3a5a3eea7afb6">[email protected]</span></a>. Applicants:
Domenick Pugliese, <a href="/cdn-cgi/l/email-protection#0b6f7b7e6c67626e786e4b787e6767627d6a65676a7c25686466"><span class="__cf_email__" data-cfemail="40243035272c292533250033352c2c2936212e2c21376e232f2d">[email protected]</span></a>.
FOR FURTHER INFORMATION CONTACT: Steven B. Levine, Senior Counsel, or
Kaitlin C. Bottock, Branch Chief, at (202) 551-6825 (Division of
Investment Management, Chief Counsel's Office).
SUPPLEMENTARY INFORMATION: For Applicants' representations, legal
analysis, and conditions, please refer to Applicants' second amended
and restated application, dated November 12, 2021, which may be
obtained via the Commission's website by searching for the file number,
using the Company name box, at <a href="http://www.sec.gov/search/search.htm">http://www.sec.gov/search/search.htm</a>, or
by calling (202) 551-8090.
For the Commission, by the Division of Investment Management,
under delegated authority.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2022-03152 Filed 2-14-22; 8:45 am]
BILLING CODE 8011-01-P
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