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Federal Register / Vol. 86, No. 35 / Wednesday, February 24, 2021 / Notices concern market dominant products, applicable statutory and regulatory requirements include 39 U.S.C. 3622, 39
U.S.C. 3642, 39 CFR part 3030, and 39
CFR part 3040, subpart B. For requests that the Postal Service states concern competitive products, applicable statutory and regulatory requirements include 39 U.S.C. 3632, 39 U.S.C. 3633, 39 U.S.C. 3642, 39 CFR part 3035, and 39 CFR part 3040, subpart B. Comment deadlines for each request appear in section II.
1. Docket Nos.: MC202170 and CP202173; Filing Title: USPS Request to Add Priority Mail Express & Priority Mail Contract 124 to Competitive Product List and Notice of Filing Materials Under Seal; Filing Acceptance Date: February 18, 2021; Filing Authority: 39 U.S.C. 3642, 39 CFR
3040.130 through 3040.135, and 39 CFR
3035.105; Public Representative:
Christopher C. Mohr; Comments Due:
February 26, 2021.
This Notice will be published in the Federal Register.
Erica A. Barker, Secretary.
FR Doc. 202103832 Filed 22321; 8:45 am BILLING CODE 7710FWP

SECURITIES AND EXCHANGE
COMMISSION
Investment Company Act Release No.
34197; 81215130

February 18, 2021.

Securities and Exchange Commission Commission.
ACTION: Notice of an application under Section 6c of the Investment Company Act of 1940 Act for an exemption from Section 15c of the Act.

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AGENCY:

Applicants: Columbia Funds Series Trust, Columbia Funds Series Trust I, Columbia Funds Series Trust II, Columbia Funds Variable Insurance Trust, Columbia Funds Variable Series Trust II, Columbia ETF Trust I and Columbia ETF Trust II each a Trust, each of which is either a Massachusetts business trust or a Delaware statutory trust and is registered under the Act as an open-end management investment company with multiple series, and Columbia Management Investment Advisers, LLC Adviser, a Minnesota limited liability company registered as an investment adviser under the Investment Advisers Act of 1940
Advisers Act that serves an investment adviser to such series collectively the Applicants.

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The Commission:
Secretarys-Office@sec.gov. Applicants:
Columbia Funds Series Trust; Columbia Funds Series Trust I; Columbia Funds Series Trust II; Columbia Funds Variable Insurance Trust; Columbia Funds Variable Series Trust II;
Columbia ETF Trust I; Columbia ETF
Trust II; and Columbia Management Investment Advisers, LLC, c/o Ryan C.
Larrenaga, Columbia Management Investment Advisers, LLC, ryan.c.larrenaga@
columbiathreadneedle.com.

ADDRESSES:

Columbia Funds Series Trust, et al.

VerDate Sep<11>2014

Summary of Application: The requested exemption would permit each Trusts board of trustees the Board to approve new sub-advisory agreements and material amendments to existing sub-advisory agreements for the Subadvised Series as defined below, without complying with the in-person meeting requirement of Section 15c of the Act.
Filing Dates: The application was filed on May 26, 2020, and amended on September 24, 2020 and November 10, 2020.
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 by emailing the Commissions Secretary at SecretarysOffice@sec.gov and serving applicants with a copy of the request by email.
Hearing requests should be received by the Commission by 5:30 p.m. on March 15, 2020, and should be accompanied by proof of service on 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 writers 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 Commissions Secretary at Secretarys-Office@sec.gov.

FOR FURTHER INFORMATION CONTACT:

Harry Eisenstein, Senior Special Counsel, at 202 5516764, or Kaitlin C.
Bottock, Branch Chief, at 202 551
6821 Division of Investment Management, Chief Counsels Office.
The following is a summary of the application. The complete application may be obtained via the Commissions website by searching for the file number or an Applicant using the Company name box, at http www.sec.gov/
search/search.htm or by calling 202
5518090.

SUPPLEMENTARY INFORMATION:

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I. Requested Exemptive Relief 1. Applicants request an exemption from Section 15c of the Act to permit the Board,1 including the Independent Trustees,2 to approve an agreement each a Sub-Advisory Agreement pursuant to which a sub-adviser manages all or a portion of the assets of one or more of the series, or a material amendment thereof a Sub-Adviser Change, without complying with the in-person meeting requirement of Section 15c.3 Under the requested relief, the Independent Trustees could instead approve a Sub-Adviser Change at a meeting at which members of the Board participate by any means of communication that allows them to hear each other simultaneously during the meeting.
2. Applicants request that the relief apply to Applicants, as well as to any future series of the Trust and any other existing or future registered open-end management investment company or series thereof that intends to rely on the requested order in the future and that:
i Is advised by the Adviser; 4 ii uses the multi-manager structure described in the application; and iii complies with the terms and conditions of the application each, a Subadvised Series.5
II. Management of the Subadvised Series 3. The Adviser will serve as the investment adviser to each Subadvised Series pursuant to an investment advisory agreement with the Trust each an Investment Management Agreement. The Adviser, subject to the oversight of the Board, will provide 1 The term Board also includes the board of trustees or directors of a future Subadvised Series as defined below.
2 The term Independent Trustees means the members of the Board who are not parties to the Sub-Advisory Agreement as defined below, or interested persons, as defined in Section 2a19
of the Act, of any such party.
3 Applicants do not request relief that would permit the Board and the Independent Trustees to approve renewals of Sub-Advisory Agreements at non-in-person meetings.
4 The term Adviser includes i the Adviser or its successors, and ii any entity controlling, controlled by or under common control with, the Adviser or its successors. For the purposes of the requested order, successor is limited to an entity or entities that result from a reorganization into another jurisdiction or a change in the type of business organization.
5 The term Subadvised Series also includes a wholly-owned subsidiary, as defined in the Act, of a Subadvised Series each a Subsidiary and the term Sub-Adviser includes any Sub-Adviser to a Subsidiary. All registered open-end investment companies that currently intend to rely on the requested order are named as applicants. Any entity that relies on the requested order will do so only in accordance with the terms and conditions contained in the application.

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