ETF Roundup – Issue 1

December 2016

Welcome to the first issue of ETF Roundup, our guide to the latest legal and regulatory developments affecting the exchange-traded fund (ETF) industry. We hope you find this newsletter useful. If you have any questions about the issues discussed here, please email us at

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Topics covered in this issue:

  • SEC Adopts New Liquidity Rules
  • SEC Adopts New Reporting Requirements
  • The Industry in Brief
    • SEC Chair to Step Down
    • Derivatives Rule Proposal Delayed
    • Generic Listing Standards for Active ETFs Approved
    • Nasdaq Proposes Additional Continued Listing Standards
    • SEC Staff Issues No-Action Letter on Auditor Independence
    • Update on Section 36(b) Litigation
    • IRS Proposes Rules on Controlled Foreign Corporations
    • Enforcement Action on Sub-Advisory Agreements
    • SEC Proposes to Shorten Settlement Times
    • First ETF to Feature Fulcrum Fee Structure Launches
  • Trending SEC Staff Comments
  • New Product Registrations