GENERIC LISTING STANDARDS FOR ETFS RELYING ON RULE 6C-11 APPROVED -
The US Securities and Exchange Commission (SEC) has approved generic listing standards proposed by NYSE Arca, Inc., Cboe BZX Exchange, Inc., and The Nasdaq Stock Market LLC for shares of ETFs that are permitted to operate in reliance on Rule 6c-11 under the Investment Company Act of 1940 (1940 Act). The new standards streamline current procedures and are expected to reduce the timeline associated with bringing ETFs to market.
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