SEC monitors ETFs; iShares' senior management moves

In the US Securities and Exchange Commission's (SEC) request for comments on the use of derivatives in ETFs and other funds, it highlights the example of the Ucits regulations in Europe and the adoption of similar measures in Singapore, where Ucits is recognised. The SEC announcement comes at the end of a wave of scrutiny of ETFs by multiple European regulatory bodies; particular attention has been paid to the use of derivatives in funds. In arguing against some of the issues raised in the various regulators' reports, European ETF issuers have avidly insisted that the Ucits rules limi...