The SEC Division of Investment Management has indicated that ETFs remain a high priority according to John McGuire, partner with Morgan, Lewis and Bockius in Washington, DC.

Specifically, the division will continue to make the processing of ETF exemptive applications a priority. In addition, there are plans to propose an exemptive rule that, if adopted, would allow index-based ETFs no need for an exemptive order. Finally, there is hope to process an exemptive order to permit an actively managed ETF in the next few months. In a nutshell, it appears the SEC intends to make the ETF application process easier. 

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.