Brian Daly of the SEC’s Investment Management Division said the agency receives about 200 ETF applications a month, Bloomberg ETF analyst Eric Balchunas said.
The U.S. Securities and Exchange Commission is working on a more orderly process for ETF approvals and is considering allowing confidential filings, in a potential shift aimed at handling a heavy pipeline of new products. Brian Daly of the SEC’s Investment Management Division said the agency receives about 200 ETF applications per month, according to Bloomberg ETF analyst Eric Balchunas. Confidential filings would let issuers submit applications privately before making them public, a process often used in other areas of capital markets to reduce early scrutiny while regulators review drafts.