29 Apr 2025
📈Cboe BZX Proposes Rule Change for Fidelity ETFs
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Fidelity Blue Chip Growth ETF, Fidelity Blue Chip Value ETF, Fidelity Magellan ETF, Fidelity Real Estate Investment ETF, and the Fidelity Fundamental Small-Mid Cap ETF, Shares of Which Are Listed and Traded on the Exchange Pursuant to BZX Rule 14.11(m)
Summary
The Cboe BZX Exchange has filed a proposed rule change to allow Fidelity ETFs to operate semi-transparent and fully-transparent investment sleeves. This amendment aims to enhance the flexibility of investment strategies while ensuring compliance with regulatory standards. The rule seeks to increase transparency in the management of these ETFs, enabling a broader range of permissible investments.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The regulatory notice pertains to a rule change permitting ETF funds to operate semi-transparent and fully-transparent sleeves, expanding their investment options. This impacts investment strategies and compliance for businesses offering or dealing in such ETFs.