Notice2022-04312
Northern Lights Fund Trust IV, et al.
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
March 2, 2022
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 87 Issue 41 (Wednesday, March 2, 2022)</title>
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[Federal Register Volume 87, Number 41 (Wednesday, March 2, 2022)]
[Notices]
[Pages 11786-11787]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-04312]
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SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 34516; File No. 812-15282]
Northern Lights Fund Trust IV, et al.
February 24, 2022.
AGENCY: Securities and Exchange Commission (``Commission'' or ``SEC'').
ACTION: Notice.
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Notice of an application under section 6(c) of the Investment
Company Act of 1940 (the ``Act'') for an exemption from sections
2(a)(32), 5(a)(1) and 22(d) of the Act and rule 22c-1 under the Act and
under sections 6(c) and 17(b) of the Act for an exemption from sections
17(a)(1) and 17(a)(2) of the Act.
Summary of Application: Applicants request an order (``Order'') that
permits: (a) ActiveShares ETFs (as described in the Reference Order (as
defined below)) to issue shares (``Shares'') redeemable in large
aggregations only (``creation units''); (b) secondary market
transactions in Shares to occur at negotiated market prices rather than
at net asset value; and (c) certain affiliated
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persons of an ActiveShares ETF to deposit securities into, and receive
securities from, the ActiveShares ETF in connection with the purchase
and redemption of creation units. The relief in the Order would
incorporate by reference terms and conditions of the same relief of a
previous order granting the same relief sought by applicants, as that
order may be amended from time to time (``Reference Order'').\1\
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\1\ Precidian ETFs Trust, et al., Investment Company Act Rel.
Nos. 33440 (April 8, 2019) (notice) and 33477 (May 20, 2019)
(order).
Applicants: Northern Lights Fund Trust IV, First Manhattan Co. and
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Northern Lights Distributors, LLC.
Filing Dates: The application was filed on November 10, 2021, and
amended on February 4, 2022.
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#5300363021362732212a207e1c35353a3036132036307d343c25"><span class="__cf_email__" data-cfemail="792a1c1a0b1c0d180b000a54361f1f101a1c390a1c1a571e160f">[email protected]</span></a> and serving
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 21,
2022, and should be accompanied by proof of service on applicants, in
the form 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#5201373120372633202b217f1d34343b3137122137317c353d24"><span class="__cf_email__" data-cfemail="30635553425544514249431d7f5656595355704355531e575f46">[email protected]</span></a>. Applicants: Wendy
Wang, Northern Lights Fund Trust IV, <a href="/cdn-cgi/l/email-protection#c0b7b7a1aea780b5acb4a9adb5b3a6b5aea4b3afacb5b4a9afaeb3eea3afad"><span class="__cf_email__" data-cfemail="3b4c4c5a555c7b4e574f52564e485d4e555f4854574e4f5254554815585456">[email protected]</span></a>;
Benjamin Clammer, First Manhattan Co., <a href="/cdn-cgi/l/email-protection#e381808f828e8e8691a3858a9190978e828d8b829797828dcd808c8e"><span class="__cf_email__" data-cfemail="4a2829262b27272f380a2c2338393e272b24222b3e3e2b2464292527">[email protected]</span></a>;
Kevin Guerette, Northern Lights Distributors, LLC,
<a href="/cdn-cgi/l/email-protection#bcd7dbc9d9ced9c8c8d9fcc9d0c8d5d1c9cfdac9d2d8cfd3d0c9c8d5d3d2cf92dfd3d1"><span class="__cf_email__" data-cfemail="d7bcb0a2b2a5b2a3a3b297a2bba3bebaa2a4b1a2b9b3a4b8bba2a3beb8b9a4f9b4b8ba">[email protected]</span></a>; JoAnn M. Strasser, Esq. and Bibb L.
Strench, Esq., Thompson Hine LLP, <a href="/cdn-cgi/l/email-protection#286247694646067b5c5a495b5b4d5a687c404745585b47466041464d064b4745"><span class="__cf_email__" data-cfemail="064c6947686828557274677575637446526e696b767569684e6f68632865696b">[email protected]</span></a>,
<a href="/cdn-cgi/l/email-protection#89cbe0ebeba7dafdfbece7eae1c9dde1e6e4f9fae6e7c1e0e7eca7eae6e4"><span class="__cf_email__" data-cfemail="2f6d464d4d017c5b5d4a414c476f7b4740425f5c40416746414a014c4042">[email protected]</span></a>.
FOR FURTHER INFORMATION CONTACT: Deepak T. Pai, Senior Counsel, or
Trace W. Rakestraw, 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' amended
application, dated February 4, 2022, which may be obtained via the
Commission's website by searching for the file number at the top of
this document, or for an Applicant using the Company name search field,
on the SEC's EDGAR system. The SEC's EDGAR system may be searched at
<a href="https://www.sec.gov/edgar/searchedgar/legacy/companysearch.html">https://www.sec.gov/edgar/searchedgar/legacy/companysearch.html</a>. You
may also call the SEC's Public Reference Room at (202) 551-8090.
For the Commission, by the Division of Investment Management,
under delegated authority.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2022-04312 Filed 3-1-22; 8:45 am]
BILLING CODE 8011-01-P
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