Market regulation · 04/01/2011

iShares Trust, et al. Seek Approval for Creation Units and Secondary Market Transactions

The applicants are requesting an order from the SEC that would allow certain actively managed open-end investment companies to issue shares redeemable in large aggregations, trade shares in the secondary market at negotiated prices, and pay redemption proceeds more than seven days after tender, as well as allow affiliated persons to deposit and receive securities in connection with the purchase and redemption of Creation Units.