10 Jun 2025
📈SEC Proposal for Listing Multi-Class ETFs on Cboe BZX Exchange
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing of a Proposed Rule Change To Adopt Rule 14.11(n) To Permit the Generic Listing and Trading of Multi-Class Exchange-Traded Fund (“ETF”)
Summary
The Cboe BZX Exchange has submitted a proposal to the SEC to adopt a new rule permitting the generic listing and trading of Multi-Class Exchange-Traded Fund (ETF) shares. This initiative aims to streamline processes for listing while complying with the Investment Company Act, enhancing investor options and market efficiency.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change to allow the generic listing and trading of Multi-Class ETFs potentially expands market access for investors and creates new business opportunities for fund managers, enhancing competitive offerings in the ETF market. This impacts compliance and regulatory frameworks associated with ETFs and investment companies.