SEC adopts new rule on ETFs

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The US regulatory body the SEC has announced that it has voted to adopt a new rule and form amendments that are designed to modernise the regulation of ETFs, ‘by establishing a clear and consistent framework for the vast majority of ETFs operating today’. 

The SEC writes that the adoption will facilitate greater competition and innovation in the ETF marketplace, leading to more choice for investors.  “It also will allow ETFs to come to market more quickly without the time or expense of applying for individual exemptive relief.”

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