US SEC Commissioner: SEC Issued Crypto Asset ETP Disclosure Guidelines Last Week
Foresight News reports that Hester Peirce, a commissioner of the U.S. Securities and Exchange Commission (SEC), stated that last week, SEC staff released a set of guidelines to assist in preparing disclosures for crypto asset ETPs. The guidelines outline what crypto ETF issuers must include in their filings, covering detailed descriptions ranging from how to calculate net asset value and select service providers to custody practices and potential conflicts of interest. The SEC emphasized that issuers must provide targeted disclosures based on their specific structures, with a focus on asset selection, custody, conflicts of interest, and the ETF creation/redemption mechanism.
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