A June 20 article published by Fund Action titled American Century readies non-transparent active growth ETF discusses the SEC’s disposition to non-transparent and semi-transparent products in light of regulatory approval being sought by American Century Investments non-transparent active ETF.
“The SEC seems to be more amenable to exploring non-transparent and semi-transparent products,” said investment management counsel Ed Baer in the piece. “Funds have also improved on the structures,” Mr. Baer added, “If you look at the applications from filing to filing, they’re becoming more consistent in requiring funds to provide enough information to enable [authorized participants] and market makers to create an effective hedge.”
Stay Up To Date with Ropes & Gray
Ropes & Gray attorneys provide timely analysis on legal developments, court decisions and changes in legislation and regulations.
Stay in the loop with all things Ropes & Gray, and find out more about our people, culture, initiatives and everything that’s happening.
We regularly notify our clients and contacts of significant legal developments, news, webinars and teleconferences that affect their industries.