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?