SEC’s Proposed Modernized Reporting Regime: Effects on ETF Sponsors

July 21, 2015

The U.S. Securities and Exchange Commission (SEC) on May 20, 2015 unanimously approved proposed rules, forms and amendments that are intended to modernize and enhance the reporting and disclosure of information by investment companies. The Proposal specifically cites the expansion of the exchange-traded fund (ETF) market as an example of how the asset management industry has grown more complex in recent years. Accordingly, the Proposal includes many new reporting and disclosure obligations that are applicable to ETFs.

This Dechert OnPoint provides a brief discussion of some of the key components of the Proposal and how they could affect ETF sponsors.

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