Confirmed Rules on Internal Market Making for ETFs – Are You Ready?

    View Author April 2020
    Updated ASIC INFO 230

    On 15 April 2020, the Australian Securities and Investments Commission (ASIC) provided updated guidance on better practices for “internal market making”1 in actively managed exchange traded funds, or commonly referred to as “Active ETFs” (see Information Sheet 230 Exchange traded products: Admission guidelines (INFO 230)).

    We expect this to be a focal point for ASIC, given the exponential growth of Active ETFs and the continued innovation in structures and investment strategies, particularly following the fallout of ASIC’s six-month review.