Progress has been made since The Securities and Exchange Commission took steps to speed up the approval process for exchange traded funds (ETFs). Siobahn Hughs of The Wall Street Journal says the expedited procedures already available for U.S.-stock ETFs will be made to apply to ETFs that invest in international securities.
Under orders, the Amex and NYSE exchanges are able to automatically list international ETFs that meet generic listing requirements without going through case-by-case approval with the SEC. Companies planning to launch ETFs must still seek approval from the SEC’s division of Investment Management as well as register the product with the SEC.
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