Regulatory Developments Relating To Actively Managed ETFs
Author: Eric Simanek.
Source: Volume 51, Number 01, January 1 2018 , pp.7-13(7)
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Abstract:
Developments designed to eliminate regulatory disadvantages faced by actively managed ETFs include the adoption of generic listing standards on the major exchanges, and the provision of exemptive and no-action relief from Exchange Act trading rules. The author discusses these changes and concludes with a description of various proposed and actual methodologies for actively managed ETFs to avoid disclosing their daily portfolio holdings.Keywords: Exchange-Traded Fund Regulation; Listing Standards; Trading Rules Relief; Investment Company Act Exemptive Relief
Affiliations:
1: Sullivan & Worcester LLP.