The Securities and Exchange Commission is trying to speed up its approval process for exchange-traded funds.

ETFs must obtain exemptions from the Investment Company Act, Andrew Donohue, director of the division of investment management said. One of the most significant ways the SEC is looking to improve the approval process is by introducing an ETF rule.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.