Exchange traded fund (ETF) 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. ...

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...

This Practice Note outlines the UK framework governing exchange traded funds (ETFs), broadly open-ended investment funds that mirror, for example, an index, asset class or strategy and are dealt on an exchange or other trading venue. It also highlights market developments and financial stability considerations in the ETF sector. What is an ETF? An ETF is defined as a fund in which at least one unit or share class is traded throughout the day on at least one trading venue, and where at least one market maker acts to keep the trading price of its units or shares from diverging materially from its net asset value and, where relevant, its indicative net asset value. This definition appears in the Financial Conduct Authority (FCA) Handbook Glossary and is derived from Article 4(1)(46) of Directive 2014/65/EU (MiFID II). ETFs are the most prevalent type of exchange traded product (ETP) in the UK; other ETPs include exchange traded commodities (ETCs) and exchange traded notes (ETNs). Key difference between ETFs...