Self-Regulatory Organization Rule Alert! CboeBZX: Order Granting Approval of a Proposed Rule Change to Amend Rule 14.11(m) (Tracking Fund Shares) to Provide for the Use of Custom Baskets (Release No. 34-93147; File No. SR-CboeBZX-2021-053)
CboeBZX: Order Granting Approval of a Proposed Rule Change to Amend Rule 14.11(m) (Tracking Fund Shares) to Provide for the Use of Custom Baskets Consistent with the Exemptive Relief Issued Pursuant to the Investment Company Act of 1940 Applicable to a Series of Tracking Fund Shares (Release No. 34-93147; File No. SR-CboeBZX-2021-053; September 28, 2021)
a proposed rule change to amend BZX Rule 14.11(m) (Tracking Fund Shares) to provide for the use of custom baskets consistent with the exemptive relief issued pursuant to the Investment Company Act of 1940 (โ1940 Actโ) applicable to a series of Tracking Fund Shares.
specified parties must erect and maintain โfire wallsโ with respect to access to information concerning the Fund Portfolio and Tracking Basket and enact procedures designed to prevent the use and dissemination of material nonpublic information regarding the Fund Portfolio and Tracking Basket, so that these requirements would also cover information concerning Custom Baskets.
I like how they already had 'fire walls' already in quotation marks? ๐
