ETF (Exchange-Traded Funds) Content

ICI filed the attached letter in support of the Cboe BZX Exchange, Inc. taking steps to permit the generic listing and trading of multi-class ETF Shares.

On Wednesday, March 6, the SEC adopted a final rule to update the execution quality disclosures required for market centers under Rule 605 of Regulation NMS. The SEC has stated that the amendments are meant to "provide individual investors, institutional customers, and broker-dealers...

On March 14, 2024, the ICI submitted a comment letter in support of the proposed amendments to the National Market System (NMS) Plan to Address Extraordinary Market Volatility (the "Plan") at issue in the SEC's order instituting proceedings to determine whether to approve or...

The Securities and Exchange Commission recently announced that a registered investment adviser to an exchange-traded fund has agreed to pay a $1.75 million civil penalty to settle charges that the adviser failed to properly disclose a licensing arrangement it had with the ETF's index...

On February 15, 2024, the Securities and Exchange Commission (SEC) issued an order instituting proceedings (the "Order") to determine whether to approve or disapprove proposed changes to the National Market System (NMS) Plan to Address Extraordinary Market Volatility (the "Plan")...

Each year, ICI conducts a survey of US households to track households' ownership of mutual funds and exchange-traded funds (ETFs) in order to gather information on their demographic and financial characteristics. The most recent survey was conducted from May to June 2023 and was...

ICI has been invited by SIFMA to join an amicus brief with several other groups in support of the American Securities Association's and Citadel Securities's petition against the SEC seeking to vacate the SEC's September 2023 approval of the CAT revised funding model.

The staff of the SEC's Division of Investment Management recently provided its views that exchange-traded funds must disclose their foreign currency holdings fully and transparently on their websites each day. The disclosure should enable market participants to effectively arbitrage...

On January 17, 2024, Investment Company Institute (ICI) submitted comments to the Commodity Futures Trading Commission (CFTC) regarding its proposed amendments to Regulation 1.25 under the Commodity Exchange Act (CEA), which specifies permitted investments ("Permitted Investments") by...