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Asset managers VanEck, 21Shares and Canary Capital have collectively approached the US Securities and Change Fee (SEC) looking for for a reinstatement of the first-to-file precept i.e. a regulatory method that ensures exchange-traded merchandise (ETP) purposes are reviewed and authorised within the order they’re submitted. The trio of distinguished funding companies claims that the Fee’s current departure from this commonplace has stifled innovation and created an uneven enjoying discipline, amongst different damaging penalties.
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