Corporate & Financial Weekly Digest

Corporate & Financial Weekly Digest

Tag Archives: ETF

SEC Grants No-Action Relief Regarding Created ETF Shares and Failure to Close Transactions

Posted in Broker-Dealer
In a letter dated April 26, the Division of Trading and Markets of the Securities and Exchange Commission granted no-action relief to Latour Trading LLC (Latour Trading) in connection with its proposed use of newly created exchange traded fund (ETF) shares to comply with the requirements set forth in Rule 204 (Close-Out Requirement) of Regulation… Continue Reading

SEC 2016 Examination Priorities Focus on ETFs, Cybersecurity and Liquidity Controls for Fixed-Income Funds

Posted in Investment Companies and Investment Advisers
On January 11, the Securities and Exchange Commission’s Office of Compliance Inspections and Examinations (OCIE) released its 2016 examination priorities for investment companies, investment advisers, broker-dealers and transfer agents. The examination priorities highlight new and continuing areas of interest.… Continue Reading

SEC Proposes Liquidity Management Rules for Mutual Funds and ETFs

Posted in Investment Companies and Investment Advisers
On September 22, the Securities and Exchange Commission proposed a comprehensive package of rule reforms designed to enhance effective liquidity risk management by open-end funds, including mutual funds and exchange-traded funds (ETFs). Under the proposal, mutual funds and ETFs would be required to implement liquidity risk management programs and enhance disclosure regarding fund liquidity and… Continue Reading