📈Cboe BZX Proposal for Multi-Class ETF Shares Trading
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing of Amendment No. 1 to a Proposed Rule Change To Amend BZX Rule 14.11(l) To Permit the Generic Listing and Trading of Multi-Class ETF Shares
Summary
Cboe BZX Exchange has filed a notice for proposed amendments aimed at allowing the generic listing and trading of Multi-Class ETF Shares. The notice addresses compliance with regulatory frameworks and outlines the requirements associated with the exchange of these financial products, aiming to streamline processes for a potential new class of ETFs.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The regulatory notice details proposed amendments by Cboe BZX to allow for the generic listing and trading of Multi-Class ETF Shares, which affects compliance and regulatory requirements for businesses in the financial sector, particularly those involved in ETFs. This change could create opportunities for new financial products and influence current business strategies in asset management.