19 Feb 2025
📈Cboe BZX's Proposal for Multi-Class ETF Shares Listing
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Order Instituting Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change To Amend BZX Rule 14.11(l) To Permit the Generic Listing and Trading of Multi-Class ETF Shares
Summary
The Securities and Exchange Commission is considering a proposed rule change from Cboe BZX Exchange that would permit the generic listing and trading of Multi-Class ETF Shares. This change aims to streamline the process of listing such shares upon receiving exemptive relief, promoting a diverse financial market and potentially benefiting investors.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change allows the generic listing and trading of Multi-Class ETF Shares, which could create new investment opportunities and enhance market efficiency. Businesses may benefit from immediate access to these shares once exemptive relief is granted, fostering competitive financial products and potentially attracting capital.