Market regulation · 02/08/2013

Exchange Traded Concepts, LLC and Others Seek Approval for New Trading Rules for Open-End Investment Funds

Exchange Traded Concepts, LLC, along with other applicants, has submitted a request to the regulatory body seeking permission to allow open-end investment funds to issue shares that can only be redeemed in large quantities, trade on secondary markets at negotiated prices, and pay redemption proceeds after a certain period of time, among other changes to existing rules.