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BlackRock’s Novick calls for tiered ETF regulation

Vanilla and exotic products should be treated differently, BlackRock co-founder argues

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Simple ETFs should receive speedy approval

A co-founder of BlackRock has called for a tiered regulatory regime for exchange-traded funds (ETFs) that discriminates between simple and complex varieties.

Barbara Novick, a vice-chairman at BlackRock, said a custom-made package of rules for ETFs should allow for the speedy approval of plain vanilla products, while a more rigorous approach is reserved for more exotic products.

"The vanilla

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