OVERVIEW OF THE ETF RULE -
- On September 25, 2019, the SEC approved Rule 6c-11 under the 1940 Act (the “ETF Rule”) and related amendments to Form N-1A
- The ETF Rule will rescind previously-issued exemptive orders of ETFs that are “permitted to rely” on it one year from its effective date
- The ETF Rule will allow the “vast majority” of ETFs to operate without obtaining an SEC exemptive order
Please see full publication below for more information.