This bill directs the Department of the Treasury to modify certain regulations relating to insurance-dedicated exchange-traded funds. An exchange-traded fund is a regulated investment company, partnership, or trust (1) that is registered with the Securities and Exchange Commission as an open-end investment company or a unit investment trust, (2) the shares of which can be purchased or redeemed directly from the fund only by an authorized participant (i.e., a financial institution that is a member or participant of a registered clearing agency), and (3) the shares of which are traded throughout the day on a national stock exchange at market prices that may or may not be the same as the net asset value of the shares.
Administrative law and regulatory proceduresBanking and financial institutions regulationDepartment of the TreasuryFinancial services and investmentsLife, casualty, property insuranceSecurities
To direct the Secretary of the Treasury to modify certain regulations relating to insurance-dedicated exchange-traded funds.
USA116th CongressHR-6732| House
| Updated: 5/5/2020
This bill directs the Department of the Treasury to modify certain regulations relating to insurance-dedicated exchange-traded funds. An exchange-traded fund is a regulated investment company, partnership, or trust (1) that is registered with the Securities and Exchange Commission as an open-end investment company or a unit investment trust, (2) the shares of which can be purchased or redeemed directly from the fund only by an authorized participant (i.e., a financial institution that is a member or participant of a registered clearing agency), and (3) the shares of which are traded throughout the day on a national stock exchange at market prices that may or may not be the same as the net asset value of the shares.
Administrative law and regulatory proceduresBanking and financial institutions regulationDepartment of the TreasuryFinancial services and investmentsLife, casualty, property insuranceSecurities