The U.S. Securities and Exchange Commission (SEC) has reportedly instructed several ETF participants to submit updated filings. This information was revealed by Bloomberg on January 5, citing four sources. The SEC has asked exchanges and issuers to submit the final versions of their 19b-4 filings as early as Friday.
Two of Bloomberg’s sources also mentioned that the SEC staff had no further feedback on some of these filings after the latest amendments. However, it remains unclear whether this statement applies to filings submitted today or to versions previously submitted. These 19b-4 filings detail rule changes that would allow exchanges such as Nasdaq, NYSE Arca, and Cboe BZX to list and trade ETFs that gain approval.
Other reporters, including TechCrunch’s Jacquelyn Melinek and FOX Business’ Eleanor Terrett, suggested that exchanges might submit updated 19b-4 filings on Friday or Monday. As of now, it does not appear that any updates have been submitted.
Alongside the 19b-4 filings, the SEC is also expected to sign off on final S-1 prospectuses, which describe the ETFs rather than exchange rule changes. Applicants submitted S-1 amendments in the days and weeks leading up to a December 29 deadline. Bloomberg ETF analyst Eric Balchunas commented on the deadline for these filings, stating that applicants’ final S-1s are due on Monday morning and that the SEC is trying to line everyone up for a January 11th launch.
Bloomberg also suggested a similar timeline for exchange rule votes. One of its sources said that SEC commissioners are expected to vote on exchange rules next week and that ETFs could launch as early as one day after that vote. The SEC is specifically required to approve or reject an application from Ark Invest and 21 Shares on January 10. If the agency chooses to approve Ark’s ETF, it may approve various other applications simultaneously.
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | North America |
| Countries | 🇺🇸 |
| Sentiment | neutral |
| Relevance Score | 1 |
| People | Eleanor Terrett, Jacquelyn Melinek, Eric Balchunas |
| Companies | Ark Invest, 21 Shares, NYSE Arca, Cboe BZX, U.S. Securities and Exchange Commission, Nasdaq |
| Currencies | Bitcoin |
| Securities | None |
