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ARTICLE · 12 APRIL 2022

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IOSCO Consultation Report On ETF Good Practices

Dillon Eustace
Dillon Eustace
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Dillon Eustace

Dillon Eustace

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The global market for Exchange Traded Funds (ETFs) has continued to grow and evolve significantly in recent years.

IrelandFinance and Banking
Brian Kelliher
Brian Kelliher
Brian Higgins
Brian Higgins
Shane Coveney
Shane Coveney
David Walsh
David Walsh
Tara O'Callaghan
Tara O'Callaghan
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BACKGROUND

The global market for Exchange Traded Funds (ETFs) has continued to grow and evolve significantly in recent years. This has seen the emergence of ETFs with novel asset classes and more complex strategies. Following a detailed review of the global ETF market, the International Organisation of Securities Commissions (IOSCO) issued its long-anticipated consultation report in respect of ETFs on 6 April 2022 (the Consultation Report).

The overall sentiment of the Consultation Report is that the ETF structure has generally proven resilient during historical stress events (which is consistent with IOSCO's report of August 2021 titled ETFs Thematic Note - Findings and observations during COVID-19 induced market stresses) and that IOSCO's 2013 Report on the Principles for the Regulation of ETFs (the 2013 ETF Principles) remains relevant and appropriate. The Consultation Report does not therefore propose the replacement of the 2013 ETF Principles, but rather to

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