SEC Takes Extra Time to Mull Over Multi-Class ETFs
Published Date: 7/17/2025
Notice
Summary
The Cboe BZX Exchange wants to allow new types of multi-class ETFs to be listed and traded more easily. The SEC is taking extra time, until September 8, 2025, to carefully review this change before giving the green light. This affects investors and fund managers by potentially opening up more trading options without immediate cost changes.
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Allow Generic Listing of Multi‑Class ETFs
If you have investments, the Cboe BZX Exchange proposed a rule to allow the generic listing and trading of Multi‑Class Exchange‑Traded Fund (ETF) shares. BZX filed the proposal on June 2, 2025 and it was published for comment on June 10, 2025; the SEC extended its review beyond the 45‑day period that would have ended on July 25, 2025 and set September 8, 2025 as the new date to act.
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