On June 18, 2015, the Canadian Securities Administrators (CSA) published proposed legislative amendments to the disclosure framework for exchange-traded funds (ETFs). If implemented, such amendments will require ETF managers to produce a summary disclosure document called “ETF Facts”. The ETF Facts for an ETF will need to be filed at the
On June 24, 2013, the International Organization of Securities Commissions (IOSCO) published its final report (the Report) outlining nine principles against which, in its view, the quality of regulation and industry practices concerning exchange-traded funds (ETFs) can be measured.
IOSCO is an international organization that brings together the world’s…