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ARTICLE · 24 MAY 2023

IOSCO Publishes Good Practices For ETFs

Arthur Cox
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On 12 May 2023, the Board of the International Organization of Securities Commissions ("IOSCO") published Good Practices Relating to the Implementation of the IOSCO Principles for Exchange Traded Funds Final Report...

IrelandFinance and Banking
Sarah O'Sullivan
Sarah O'Sullivan
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On 12 May 2023, the Board of the International Organization of Securities Commissions ("IOSCO") published Good Practices Relating to the Implementation of the IOSCO Principles for Exchange Traded Funds Final Report ("IOSCO Good Practices") covering effective product structuring, disclosure, liquidity provision, and volatility control mechanisms. This follows the Consultation Report issued by IOSCO in April 2022 which outlined the proposed good practices for ETFs.

A decade ago in June 2013, IOSCO published Principles for the Regulation of Exchange Traded Funds ("IOSCO ETF Principles") which outlined principles against which both the industry and regulators could assess the quality of regulation and industry practices concerning ETFs. Since 2013, IOSCO notes that ETF markets globally have continued to evolve and exhibit sustained growth in assets under management. ETF industry developments include new products with exposures to less liquid and more novel asset classes

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This article contains a general summary of developments and is not a complete or definitive statement of the law. Specific legal advice should be obtained where appropriate.

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