22 May 2025
📈SEC Notice on Cboe BZX Exchange ETF Rule Change
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change, as Modified by Amendment No. 1, To Permit the Generic Listing and Trading of Multi-Class ETF Shares
Summary
The SEC has announced a designation of an extended period to consider a proposed rule change by Cboe BZX Exchange concerning the listing and trading of Multi-Class ETF Shares. This follows prior publications and amendments, reiterating the commission's commitment to thoroughly evaluate the implications of this rule change on the financial markets.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The Cboe BZX Exchange's proposed rule change to allow the listing and trading of Multi-Class ETF Shares indicates potential regulatory shifts that could impact market operational models, investment strategies, and compliance requirements for businesses involved in trading and investment management. Changes in rules can affect costs and market entry for financial products.