17 Jul 2025
📈NYSE Arca's Proposed Rule Change on Managed Portfolio Shares
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Reflect an Amendment to the Exemptive Relief Applicable to Certain Managed Portfolio Shares
Summary
The notice outlines NYSE Arca's filing for a proposed rule change regarding Managed Portfolio Shares which includes amendments allowing for Custom Baskets in investments. This change aims to enhance flexibility for fund managers and align operations with the updated exemptive relief terms, promoting competition and market efficiency.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change details amendments to the exemption framework for Managed Portfolio Shares, allowing increased flexibility in investment strategies. This directly affects business owners and executives involved with ETFs, as it may lead to new opportunities for offering customized investment products, resulting in competitive advantages.