Notice2025-13681
Morgan Stanley Pathway Funds and Consulting Group Advisory Services 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
July 21, 2025
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 90 Issue 137 (Monday, July 21, 2025)</title>
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[Federal Register Volume 90, Number 137 (Monday, July 21, 2025)]
[Notices]
[Page 34305]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-13681]
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SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 35681; 812-15753]
Morgan Stanley Pathway Funds and Consulting Group Advisory
Services LLC
July 17, 2025.
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 (``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 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: Morgan Stanley Pathway Funds and Consulting Group Advisory
Services LLC.
Filing Dates: The application was filed on April 11, 2025, and amended
on May 29, 2025 and June 4, 2025.
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="0556606677607164777c76284a63636c6660457660662b626a73">[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 August
11, 2025, 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#acffc9cfdec9d8cdded5df81e3cacac5cfc9ecdfc9cf82cbc3da"><span class="__cf_email__" data-cfemail="2576404657405144575c56086a43434c4640655640460b424a53">[email protected]</span></a>. Applicants: John
J. O'Brien, Esq., Morgan, Lewis & Bockius LLP,
<a href="/cdn-cgi/l/email-protection#711b1e191f5f1e130318141f311c1e0316101f1d140618025f121e1c"><span class="__cf_email__" data-cfemail="03696c6b6d2d6c61716a666d436e6c7164626d6f66746a702d606c6e">[email protected]</span></a>, with a copy to Eric Metallo, Morgan
Stanley, <a href="/cdn-cgi/l/email-protection#fe9b8c979dd0939b8a9f929291be93918c999f908d8a9f90929b87d09d9193"><span class="__cf_email__" data-cfemail="2247504b410c4f4756434e4e4d624f4d5045434c5156434c4e475b0c414d4f">[email protected]</span></a>.
FOR FURTHER INFORMATION CONTACT: Trace W. Rakestraw, Senior Special
Counsel, 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 June 4, 2025, 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/companysearch">https://www.sec.gov/edgar/searchedgar/companysearch</a>. You may also call the SEC's Office of
Investor Education and Advocacy at (202) 551-8090.
For the Commission, by the Division of Investment Management,
under delegated authority.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025-13681 Filed 7-18-25; 8:45 am]
BILLING CODE 8011-01-P
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