[Federal Register Volume 90, Number 228 (Monday, December 1, 2025)]
[Notices]
[Page 55198]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2025-21632]


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SECURITIES AND EXCHANGE COMMISSION

[Investment Company Act Release No. 35814; 812-15902]


ARK ETF Trust and ARK Investment Management LLC

November 25, 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(c) of 
the Act.

Summary of Application:  The requested exemption would permit a Trust's 
board of trustees to approve new sub-advisory agreements and material 
amendments to existing sub-advisory agreements without complying with 
the in-person meeting requirement of Section 15(c) of the Act.

Applicants:  ARK ETF Trust and ARK Investment Management LLC

Filing Date : The application was filed on September 23, 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 [email protected] 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 December 
22, 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: [email protected]. Applicants: 
Allison Fumai and Philip Hinkle, Dechert LLP, [email protected] 
and [email protected], with a copy to: Forest Wolfe, ARK 
Investment Management LLC, invest.com">fwolfe@ark-invest.com.

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 September 23, 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 https://www.sec.gov/edgar/searchedgar/companysearch. 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.
Vanessa A. Countryman,
Secretary.
[FR Doc. 2025-21632 Filed 11-28-25; 8:45 am]
BILLING CODE 8011-01-P