18 Jul 2025
📈SEC Notice on Proposed Rule for Multi-Class ETF Trading
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Adopt New Rule 5.2-E(j)(9) To Permit the Generic Listing and Trading of Multi-Class Exchange-Traded Fund Shares
Summary
The SEC has extended the comment period for NYSE Arca's proposed rule change to facilitate the generic listing and trading of Multi-Class Exchange-Traded Fund Shares. This decision allows for additional time to consider the potential impacts and issues surrounding the proposed changes, ensuring a thorough evaluation before approval.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The text involves a proposed rule change related to the listing and trading of Multi-Class Exchange-Traded Fund Shares, which could affect investment strategies and market operations for businesses, making compliance important for financial institutions and investors.