Furthermore, the Australian regulator has decided to revise the definitions of ‘Active’ and ‘Complex’ products and specifying that all labels should appear at the end of the product trading name and secondary label should appear immediately before the primary label. ETP products should now be named “XYZ Active ETF” (or XYZ Complex ETF).
Danielle Press, ASIC Commissioner:
ASIC and licensed markets help to ensure fair, orderly and transparent markets by naming conventions for ETPs.
Addition of Press:
Our guidance has a reduced number of labels. This is to encourage ETP issuers and licensed exchanges to pay more attention to the product’s full name.
LeapRate first published the post ASIC updates guidance regarding how to name ETPs