Exchange traded fund meaning

Key deadlines 31 May 2025 - Fund profile return - Every Irish-authorised sub-fund must submit the annual Central Bank of Ireland (CBI) fund profile return for that year. The CBI Portal deadline for these sub‑fund profile returns has shifted from February to May 2025. In 2025, the CBI refreshed its fund profile guidance and template accordingly. 6 June 2025 - EBA consultations on AML/CFT RTS - The European Banking Authority (EBA) is seeking feedback on four draft RTS currently mandated by the EU’s new AML/CFT package, covering consistent ML/TF risk assessments, customer due diligence rules, the choice of institutions for direct oversight by AMLA, and penalties. The consultations formally close on 6 June 2025. 30 June 2025 - Exchange traded funds (ETFs) - ETF management companies should assess the steps set out in the CBI letter on ETF primary and secondary market trading arrangements (as discussed) and, where needed, embed the requisite adjustments into their frameworks and practices by end-Q2 2025. 30 June 2025...

Asset Management & Investment Funds—Irish Practice Developments-June 2025 Key deadlines 30 June 2025 — Exchange traded funds (ETFs): ETF management companies should assess measures set out in CBI letter on primary and secondary market trading arrangements for ETFs (discussed here) and, where suitable, embed requisite amendments to frameworks and practices by the close of Q2 2025. 28 June 2025 — The European Union (Accessibility Requirements of Products and Services) Regulations 2023: These regulations transpose the European Accessibility Act ((EU) 2019/882), aiming to enhance accessibility for people with disabilities across a range of consumer products and services, including websites, ATMs, smartphones, consumer banking services, e-books, and telecommunications. ...

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STOP PRESS: On 29 July 2024, a significant overhaul of the UK listing framework took effect, which included scrapping the premium and standard segments and establishing a single listing category for equity shares in commercial companies. This commercial companies category is heavily disclosure-led and sits alongside other listing categories, such as the shell companies, secondary listing and closed ended investment fund categories. A new UK Listing Rules sourcebook came into force to implement these changes, and the previous Listing Rules sourcebook was revoked. For further information, see Practice Note: Reform of the UK listing regime—fundamentals. This Practice Note reflects the listing regime prior to 29 July 2024. It relates to the admission of depositary receipts, commonly referred to as global depositary receipts (GDRs), to listing on the Official List of the Financial Conduct Authority (FCA) and to trading on the main market for listed securities of the London Stock Exchange (Main Market) (LSE). GDRs are transferable certificates issued by depositary banks that represent ownership of a specified number of...

What is an equity derivative? Equity derivatives are contracts struck between two parties, or bought on an exchange, whose value arises from a company’s share price, a basket of shares, or a share index. They provide varied applications, giving investors flexible, cost‑effective access to movements in shares and equity markets that cannot be achieved through direct investment in the asset class. Traded over‑the‑counter (OTC) or on exchange Include numerous structured equity products May be funded or unfunded Used mainly by funds and investors for speculation, and by end‑users and banks as commercial hedges Other uses also exist... Why use equity derivatives? They enable investors to gain the benefits of equity exposure without paying an upfront purchase price, stamp duty, and other taxes. Buying a derivative is typically cheaper than purchasing shares directly. Options, for example, require only a premium to be paid in advance to secure the right to buy or sell shares, and similarly other derivatives may...

This Practice Note outlines the EU framework governing exchange traded funds (ETFs). These are, in broad terms, open-ended investment vehicles that follow, for instance, an index, asset class or strategy and are dealt on an exchange or another trading venue. What is an ETF? In the EU, an ETF is a fund with at least one unit or share class traded throughout the day on at least one trading venue, and supported by at least one market maker that acts to keep the trading price of its units or shares close to its net asset value (NAV) and, where relevant, its indicative NAV. This meaning of ‘ETF’ appears in Article 4(1)(46) of the recast Markets in Financial Instruments Directive (2014/65/EU) (MiFID II). ETFs are the most widely used exchange traded products (ETPs) in the EU. Other ETP types include exchange traded notes and exchange traded commodities, which are regulated differently from ETFs. Key difference between ETFs and other forms of investment funds An ETF is an...