Federal Register #2026-09577

SEC Notice: Application to Amend Exemptive Relief Order for Precidian ETF Trust II

This SEC notice addresses an application to amend a previous exemptive relief order for Precidian ETF Trust II and Precidian Funds LLC. - Government Buyer: - Securities and Exchange Commission (SEC) - Applicants: - Precidian ETF Trust II - Precidian Funds LLC - Purpose of Amendment: - Seeks to modify conditions for using Creation Baskets in actively-managed ETFs - Would allow inclusion of instruments not present, or present in different weightings, in the Fund's Pro Rata Basket - Expands circumstances for using cash in the Pro Rata Basket - No procurement of products or services is requested - No part numbers, quantities, or OEMs are specified - The notice is informational and does not solicit bids or proposals - No unique place of performance or federal facility is specified

Description

This notice from the Securities and Exchange Commission announces an application to amend a prior order for exemptive relief related to the Precidian ETF Trust II. The amendment seeks to modify conditions under which a Fund can use Creation Baskets with instruments not included or differently weighted in the Fund's Pro Rata Basket and to expand the use of cash in the Pro Rata Basket. The application was filed on April 25, 2025, and amended multiple times through April 20, 2026. The amendment aims to provide more flexibility in basket composition while maintaining disclosure and recordkeeping requirements.

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