The Securities and Exchange Commission issued a concept release today seeking public comment on actively managed exchange-traded funds.
In May, Paul Roye, director of the SECs division of investment management, first announced that the Commission would release a concept release sometime this year.
The SEC requested comment on possible structures, operations, benefits, uses, and potential regulatory issues for actively managed ETFs. The SEC staff will also investigate the possibility of a pilot program that would allow for the introduction of ETFs, the SEC said.
The public has 60 days to submit comments on the concept release. The SEC will continue to work with firms that have applications pending for new ETFs, including actively managed ETFs, during the comment period.