6c- Index

In April 2020, the SEC approved new rule changes for ETF listings on Nasdaq, Cboe, and NYSE Arca, allowing all eligible ETFs to list automatically under Rule 6c-11 of the Investment Company Act of 1940. This change simplifies the listing process by removing the need for individual exemptive orders for most ETFs. The new rules also align the requirements across exchanges and eliminate certain publication requirements for ETFs. ETFs must meet specific conditions, including maintaining a minimum number of shares and beneficial holders. The changes aim to streamline ETF regulation and reduce costs associated with launching new ETFs.

In April 2020, the SEC approved new rule changes for ETF listings on Nasdaq, Cboe, and NYSE Arca, allowing all eligible ETFs to list automatically under Rule 6c-11 of the Investment Company Act of 1940. This change simplifies the listing process by removing the need for individual exemptive orders for most ETFs. The new rules also align the requirements across exchanges and eliminate certain publication requirements for ETFs. ETFs must meet specific conditions, including maintaining a minimum number of shares and beneficial holders. The changes aim to streamline ETF regulation and reduce costs associated with launching new ETFs.