17 Jul 2025
📈SEC Notice on Proposed Rule for Multi-Class ETFs
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Adopt New Rule 14.11(n) To Permit the Generic Listing and Trading of Multi-Class Exchange-Traded Fund Shares
Summary
The SEC has issued a notice regarding a proposed rule change by Cboe BZX Exchange to allow for the generic listing and trading of Multi-Class Exchange-Traded Fund Shares, extending the decision period to September 8, 2025, to better assess the implications of this change.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The document outlines the SEC's procedure regarding the proposed rule change for generic listing and trading of Multi-Class Exchange-Traded Fund Shares. This directly impacts business owners and executives in the finance industry as it may affect trading practices, compliance requirements, and market opportunities for ETFs.