More recently, KattenMuchinRosenman LLP proposed a regulatory framework to license Virtual Currency Business Activity, according to a Department of Financial Services filing. This would be one step forward in promoting virtual currency exchanges, such as bitcoins, and the potential release of a bitcoin-related ETF. [Nasdaq Wins Bitcoin ETF Listing]
Furthermore, ETFs that are associated with index providers or are based on in-house indices require so-called firewalls between the index side and the ETF side – changes to an index must be made public before being shared with ETF managers or others.
Law firms like Stradley Ronon help asset managers bring their ideas to market. The law offices provide documentation required to establish and operate new ETFs, such as governance documentation, compliance policies and operational procedures, according to Stradley Ronon. They also draft and negotiate agreements with U.S. and foreign fund administrators, index providers and other service providers.
For more information on the upcoming conference, advisors can visit the ETF Bootcamp site.