SEC Buys Time on Multi-Class ETF Trading Shakeup
Published Date: 5/22/2025
Notice
Summary
The SEC is taking more time to decide if Cboe BZX Exchange can let people trade new Multi-Class ETF shares. This change could affect investors and traders by offering more flexible investment options. The decision delay means everyone should stay tuned for updates, as it might impact how ETFs are bought and sold soon.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
Generic Listing of Multi‑Class ETFs
The SEC is reviewing a proposal that would permit the generic listing and trading of Multi-Class ETF Shares. Cboe BZX filed the proposal on November 8, 2024, it was published on November 25, 2024, Amendment No. 1 was filed March 11, 2025, and the Commission set July 23, 2025 as the date to approve or disapprove the proposal.
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Key Dates
Department and Agencies
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