Type:Notice
Citation:90 FR 17839
Reading Time:about 2 minutes
The Securities and Exchange Commission (SEC) published a notice regarding an application from Ardian Access LLC and Ardian US LLC. They are seeking an exemption from certain sections of the Investment Company Act of 1940 to allow some investment companies to issue different types of shares with varying sales costs. Interested parties can request a hearing by emailing the SEC before May 19, 2025. Additional details can be found through the SEC's EDGAR system.
Simple Explanation
Ardian Access LLC and Ardian US LLC want special permission from the SEC to let some funds sell different kinds of shares that may cost more or less to buy. People can tell the SEC what they think about this before May 19, 2025.