Exchange Traded Funds - CBI Feedback Statement To Discussion Paper 6

The Central Bank of Ireland (the "Central Bank") published its Feedback Statement on DP6 – Exchange Traded Funds on 14 September 2018 following consideration of feedback received from the exchange traded funds ("ETFs") industry to its 2017 discussion paper ("DP6") on ETFs and subsequent engagement with selected stakeholders.

The Feedback Statement sought to address a number of key themes including: portfolio disclosure, direct redemption, ETF dealing arrangements, share class dealing arrangements, listed and unlisted shares classes, conflicts of interest, counterparty exposure, synthetic ETFs, active investment strategies, ETF liquidity, informational efficiency of underlying securities, ETF provider support, European-centric analysis and ETF specific considerations in the context of European market harmonisation.