ETF Roundup – Issue 5

June 2019

Welcome to the fifth issue of ETF Roundup, our guide to the latest legal and regulatory developments affecting the exchange-traded fund (ETF) industry. In this issue, we discuss the SEC's new structure for non-transparent, actively managed ETFs, an update on the SEC's proposed ETF rule, the latest from Commissioner Peirce about the ETF industry, OCIE's 2019 exam priorities, the latest in Exchange Act issues for ETFs, and new rules from the SEC to promote research reports on investment funds, among other topics.

We hope you find this newsletter informative and useful. If you have any questions regarding the issues discussed in ETF Roundup, or if there are any topics you would like us to address in future issues, please email us at or contact any of the Morgan Lewis lawyers listed in the publication.

Read the full Roundup >>

Topics covered in this issue: 

  • SEC Approves Structure for Non-Transparent, Actively Managed ETFs
  • Update on Proposed ETF Rule
  • Commissioner Peirce Provides Remarks About the ETF Industry
  • OCIE Releases 2019 Exam Priorities, Issues Risk Alert Related to Registered Investment Companies
  • The Latest in Exchange Act Issues for ETFs
  • SEC Adopts Rules to Promote Research Reports on Investment Funds
  • FINRA Staff Permits Pre-Inception Index Performance Data and Certain Communications
  • Industry in Brief
  • New Product Registrations

ETF Roundup Past Issues

Issue 4 - August 2018
Issue 3 - November 2017
Issue 2 - April 2017
Issue 1 - December 2016