Notice2023-00786
Elevation Series Trust and Paralel Advisors LLC
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
January 18, 2023
Issuing agencies
Securities and Exchange Commission
Full Text
<html>
<head>
<title>Federal Register, Volume 88 Issue 11 (Wednesday, January 18, 2023)</title>
</head>
<body><pre>
[Federal Register Volume 88, Number 11 (Wednesday, January 18, 2023)]
[Notices]
[Page 2981]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-00786]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 34802; 812-15390]
Elevation Series Trust and Paralel Advisors LLC
AGENCY: Securities and Exchange Commission (``Commission'' or ``SEC'').
ACTION: Notice.
-----------------------------------------------------------------------
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, and rule 18f-2 under 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 to enter into and materially amend subadvisory agreements
with certain subadvisors without shareholder approval and grant relief
from the Disclosure Requirements as they relate to fees paid to the
subadvisors.
Applicants: Elevation Series Trust and Paralel Advisors LLC.
Filing Dates: The application was filed on September 30, 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 SEC's Secretary at <a href="/cdn-cgi/l/email-protection#91c2f4f2e3f4e5f0e3e8e2bcdef7f7f8f2f4d1e2f4f2bff6fee7"><span class="__cf_email__" data-cfemail="5d0e383e2f38293c2f242e70123b3b343e381d2e383e733a322b">[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 February
6, 2023, and should be accompanied by proof of service on the
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#f1a2949283948590838882dcbe9797989294b1829492df969e87"><span class="__cf_email__" data-cfemail="c89badabbaadbca9bab1bbe587aeaea1abad88bbadabe6afa7be">[email protected]</span></a>. Applicants: JoAnn
M. Strasser, <a href="/cdn-cgi/l/email-protection#d69cb997b8b8f885a2a4b7a5a5b3a496a2beb9bba6a5b9b8bebfb8b3f8b5b9bb"><span class="__cf_email__" data-cfemail="0e44614f6060205d7a7c6f7d7d6b7c4e7a6661637e7d61606667606b206d6163">[email protected]</span></a> and Christopher Moore,
Elevation Series Trust c/o Paralel Advisors LLC, 1700 Broadway, Suite
1230, Denver, CO 80290.
FOR FURTHER INFORMATION CONTACT: Laura L. Solomon, Senior Counsel, or
Kyle R. Ahlgren, 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' application,
dated September 30, 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.
Dated: January 11, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-00786 Filed 1-17-23; 8:45 am]
BILLING CODE 8011-01-P
</pre><script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script></body>
</html>Indexed from Federal Register on January 18, 2023.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.