Bats Comments On SEC’s Approval Of Generic Listings Filing - Landmark Decision Pivotal For Actively Managed ETF Market

Bats Global Markets, Inc. (Bats: BATS) today issued the following statement in response to the SEC’s approval of its filing to adopt generic listing standards for actively managed exchange-traded funds.

“This is a pivotal moment for the ETF industry as the introduction of these standards will help issuers of all sizes bring innovative funds to the market in weeks instead of months, and with more certainty of approval,” said Bats CEO Chris Concannon. “In turn, investors will gain access to a much broader range of low-cost, high- performance investment products.

“Today’s approval is the result of nearly two years of intensive efforts and underscores our commitment to ensuring the ETF market is as efficient and innovative as possible,” he said.

The introduction of these standards will allow qualifying ETFs to follow an expedited path through the regulatory approval process. Thus far, active ETFs of any sort have been approved on a case-by-case basis only, which is often both costly and lengthy.

The SEC approval order is available here and the Bats filing link is available here.