Valued Advisers Trust and Long Short Advisors, LLC

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<title>Federal Register, Volume 91 Issue 207 (Wednesday, October 28, 2026)</title>
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[Federal Register Volume 91, Number 207 (Wednesday, October 28, 2026)]
[Notices]
[Pages 67878-67879]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-22011]


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SECURITIES AND EXCHANGE COMMISSION

[Investment Company Act Release No. 36370; 812-16011]


Valued Advisers Trust and Long Short Advisors, LLC

October 26, 2026.
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: Valued Advisers Trust and Long Short Advisors, LLC.

Filing Dates: The application was filed on March 30, 2026, and amended 
on June 26, 2026, and September 25, 2026.

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#3360565041564752414a401e7c55555a5056734056501d545c45"><span class="__cf_email__" data-cfemail="693a0c0a1b0c1d081b101a44260f0f000a0c291a0c0a470e061f">[email&#160;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. The email 
should include the file number referenced above. Hearing requests 
should be received by the Commission by 5:30 p.m., Eastern time on 
November 20, 2026, and should be accompanied by proof of service on the 
Applicants, in

[[Page 67879]]

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#3764525445524356454e441a7851515e54527744525419505841"><span class="__cf_email__" data-cfemail="bcefd9dfced9c8ddcec5cf91f3dadad5dfd9fccfd9df92dbd3ca">[email&#160;protected]</span></a>. Applicants: Kate 
A. McCurry, <a href="/cdn-cgi/l/email-protection#9ed5d3fdddebecece7def5eaedf2ffe9b0fdf1f3"><span class="__cf_email__" data-cfemail="f3b8be90b08681818ab39887809f9284dd909c9e">[email&#160;protected]</span></a>, Kilpatrick Townsend & Stockton LLP, 
1001 West Fourth Street, Winston-Salem, NC 27101.

FOR FURTHER INFORMATION CONTACT: Erin Loomis Moore, Senior Counsel, or 
Matthew Cook, Branch Chief, at (202) 551-6720 or <a href="/cdn-cgi/l/email-protection#460f0b0905050635232568212930"><span class="__cf_email__" data-cfemail="652c282a2626251600064b020a13">[email&#160;protected]</span></a> 
(Division of Investment Management, Chief Counsel's Office).

SUPPLEMENTARY INFORMATION: For Applicants' representations, legal 
analysis, and conditions, please refer to Applicants' second amended 
application, dated September 25, 2026, 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/search-filings">https://www.sec.gov/search-filings</a>. You may also call the SEC's Office 
of Investor Education and Assistance at (202) 551-8090.

    For the Commission, by the Division of Investment Management, 
under delegated authority.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2026-22011 Filed 10-27-26; 8:45 am]
BILLING CODE 8011-01-P


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