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The weekly news source for investment management legal and compliance professionals

Topic: ETFs

Peirce: SEC Needs to Move Forward on More Kinds of ETFs

June 21, 2019
SEC Commissioner Hester Peirce commends the Commission for proposing a Rule that standardizes most exchange-traded funds, but she wants the agency to approve more novel kinds of ETFs, including those that are non-fully transparent, leveraged or inverse.

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Examiners Will Target Certain Types of Mutual Funds, ETFs and Their Advisers

November 16, 2018
The SECís examination arm is getting the word out about perceived fund and adviser risk areas. Just eight days after issuing a risk alert in regard to advisers and the Cash Solicitation Rule, it has issued another risk alert on risk-based examinations focusing on mutual funds, exchange-traded funds and their advisers.

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Asset Management Community Strongly Supports ETF Rule with Some Caveats

October 5, 2018
Associations representing investment companies and others in the asset management community have come out strongly in favor of the SECís proposed Exchange-Traded Funds Rule. Itís rare that support is 100 percent, however Ė most of those supporting the proposal also had suggestions for changes or further improvements.

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SEC Adopts Liquidity Classification Changes, Proposes Standard ETF Exemption

July 6, 2018
The SEC on June 28 took some major steps toward fulfilling its agenda, and in ways that will ease work for advisers and funds. Among them were adopting the changes it proposed this past March to the classification requirements of the Liquidity Risk Management Rule, and a proposal that would allow certain exchange-traded funds to operate without first having to obtain a fund-specific exemptive order.

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SEC Moving Forward on Exchange-Traded Funds Rule

March 23, 2018
The SEC under chairman Jay Clayton has a relatively short list of regulatory priorities for 2018, and one that appears to be on the high-priority track is proposing an Exchange-Traded Funds Rule. Division of Investment Management director Dalia Blass, who spoke on the need for such a rule at a recent conference, is clearly an advocate of getting such a rule adopted.

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SEC Liquidity Risk Management FAQs Flesh Out ETFs, Role of Subadvisers

January 18, 2018
Funds and advisers with questions about liquidity risk management programs may breathe a bit easier Ė at least if some of those questions pertained to how in-kind exchange-traded funds work and the role of sub-advisers. The SECís Division of Investment Management on January 10 issued FAQs that address at least some of the questions that have arisen in these areas.

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