NYSE Arca and BATS Adopt Generic Listing Standards for Active Exchange-Traded Funds, Which May Expedite Fund Launches

July 25, 2016

NYSE Arca, Inc. and BATS BZX Exchange, Inc. (each, an Exchange) separately received U.S. Securities and Exchange Commission (SEC) approval on July 22, 2016 to adopt generic listing standards for exchange-traded funds (ETFs) that are actively managed (Active ETFs). These generic listing standards (Listing Standards) will allow an Active ETF that meets the applicable requirements to list on an Exchange without specific approval from the SEC’s Division of Trading and Markets staff.

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