Securities and Exchange Commission March 18, 2008 – Federal Register Recent Federal Regulation Documents

Proposed Collection; Comment Request
Document Number: E8-5356
Type: Notice
Date: 2008-03-18
Agency: Securities and Exchange Commission, Agencies and Commissions
Exchange-Traded Funds
Document Number: E8-5239
Type: Proposed Rule
Date: 2008-03-18
Agency: Securities and Exchange Commission, Agencies and Commissions
The Securities and Exchange Commission (``Commission'' or ``SEC'') is proposing a new rule under the Investment Company Act of 1940 that would exempt exchange-traded funds (``ETFs'') from certain provisions of that Act and our rules. The rule would permit certain ETFs to begin operating without the expense and delay of obtaining an exemptive order from the Commission. The rule is designed to eliminate unnecessary regulatory burdens, and to facilitate greater competition and innovation among ETFs. The Commission also is proposing amendments to our disclosure form for open-end investment companies, Form N-1A, to provide more useful information to investors who purchase and sell ETF shares on national securities exchanges. In addition, the Commission is proposing a new rule to allow mutual funds (and other types of investment companies) to invest in ETFs to a greater extent than currently permitted under the Investment Company Act.
Order of Suspension of Trading
Document Number: 08-1039
Type: Notice
Date: 2008-03-18
Agency: Securities and Exchange Commission, Agencies and Commissions