SEC Exempts ETF From Certain Distribution Requirements

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The SEC granted exemptive relief to an exchange traded fund from the notice requirements of SEA Rule 10b-17 and the prohibitions of Rules 101 and 102 of Regulation M.

United States Finance and Banking

The SEC granted exemptive relief to an exchange traded fund (the "Fund") from the notice requirements of SEA Rule 10b-17 and the prohibitions of Rules 101 and 102 of Regulation M, in connection with secondary market transactions in shares of the Fund, and the creation or redemption of aggregations of shares in 50,000 share increments (i.e., creation units).

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