Federal Register #2026-16765

SEC Notice: Application for Multi-Class ETF Fund Exemptive Relief

This SEC notice concerns an application for regulatory relief, not a procurement opportunity. - Government buyer: - Securities and Exchange Commission (SEC) - OEMs and vendors mentioned: - Northern Lights Fund Trust - Ocean Park Asset Management, LLC - Products/services requested: - No products, part numbers, or purchase quantities specified - Application requests permission for a registered open-end management investment company to offer both exchange-traded shares (ETF Class) and non-exchange-traded shares (Mutual Fund Class) within a single fund (Multi-Class ETF Funds) - Unique or notable requirements: - Relief sought to allow standard ETF operations under Rule 6c-11 of the Investment Company Act - Enables offering multiple share classes within one fund - Notice invites public comments and hearing requests - No procurement, bidding, or contract award process involved

Description

This notice pertains to an application filed by Northern Lights Fund Trust and Ocean Park Asset Management, LLC with the Securities and Exchange Commission. The application requests an order to permit a registered open-end management investment company to offer one class of exchange-traded shares operating as an ETF and one or more classes of shares that are not exchange-traded. The order would provide relief to allow standard ETF operations and the offering of multiple share classes within a fund. The application was filed on July 8, 2026, and the SEC invites comments and hearing requests regarding the application.

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