Philippine Stock Exchange revises ETF rules

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The Philippine Stock Exchange (PSE) has honed its proposed rules for listing exchange-traded funds (ETFs), according to Asia Risk sister publication Structured Products. The exchange revised the rules in early May following public consultation on the original draft rules and now awaits a decision from the SEC.

The revision makes a number of changes to the original draft. For example, one of the rules in the draft required at least 250 ETF beneficial owners from the date of listing. The new rules

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