3 Jul 2025
📈Nasdaq Proposal for Generic Listing of Multi-Class ETFs Under Review
Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Adopt Rule 5703 To Permit the Generic Listing and Trading of Multi-Class Exchange-Traded Fund Shares
Summary
The SEC has extended the review period for Nasdaq's proposed rule change to adopt Rule 5703, which would allow the generic listing and trading of Multi-Class Exchange-Traded Fund Shares. The extension aims to provide adequate time for the Commission to consider the proposal and related issues before making a decision.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change allowing generic listing and trading of Multi-Class Exchange-Traded Fund Shares may significantly affect trading strategies and market access for businesses. This could influence investment decisions and the valuation of related financial instruments.