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Are specific regulatory rules needed for ETFs?

Day 1 Afternoon

Wednesday 03 April

Room :

Constanta Room - Roundtable

Speakers

Chair
Gerben Everts - Member of the Executive Board, Dutch AFM
Public Authorities
Gerry Cross - Director of Financial Regulation - Policy and Risk, Central Bank of Ireland
Jean-Paul Servais - Chairman, FSMA, Belgium
Industry Representatives
Noel Archard - Global Head of SPDR ETF Product, State Street Global Advisors
Frédéric Bompaire - Head of Public Affairs, Finance and Strategy, Amundi Asset Management
Other stakeholder & expert
Niels Lemmers - Managing Director, European Investors’ Association

Objectives of the session

The objective of this session is to discuss the distinctive features of ETFs and whether these funds raise any specific issues compared to other funds e.g. UCITS. The panel will also assess whether a more specific regulatory framework or set of rules would help to support the development of ETFs in the EU and to mitigate any particular risks associated with these funds.

Points of discussion

What are the main distinctive features of ETFs? Do ETFs pose any specific risks or raise any specific issues compared to other fund categories and if so, have they materialized so far? Should a further development of the ETF market be encouraged in the EU and if so on what conditions?

Can existing EU fund and securities frameworks appropriately support the development of ETFs and mitigate any potential risks they may pose? Would more specific ETF rules be helpful and if so what should they cover?