According to Joe Morris of Ignites, the SEC is trying to speed up reviews of applications for exchange traded funds. With the popularity of ETFs, the SEC has been flooded with filings. They are evaluating the current process with the intention of making it more streamlined. There has been criticism for taking too long on ETF approvals.
One possibility is allowing companies propose multiple similar ETFs without going through the filing more than once. And for the routine, index-based ETF applications, perhaps allowing registration without first getting an exemptive order.
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