IOSCO Issues Industry Survey on Exchange-Traded Funds


The International Organization of Securities Commissions (IOSCO) has issued a Questionnaire for industry participants on Exchange-Traded Funds (ETFs).

IOSCO, through its Committee 5 on Investment Management, has conducted extensive work related to ETFs since 2018. To date, the project has considered potential investor protection, market integrity and financial stability issues related to ETFs.

In doing so, IOSCO has consulted with industry stakeholders regularly, including at a Committee 5 industry roundtable on ETFs in 2018 and a joint FSB/IOSCO workshop on ETFs and Market Liquidity in June 2019.

To help inform its findings and policy analysis for its upcoming report to the IOSCO Board, Committee 5 is asking Asset Managers (Part A) and Liquidity Providers / Market-Makers (Part B) to complete a short, voluntary survey. The purpose of the questionnaire is to support IOSCO’s project by enhancing its understanding of certain aspects of ETFs, including during the market volatility in March/April 2020 and, in particular, issues related to fixed-income ETFs. IOSCO will consider the questionnaire responses when formulating any potential guidance regarding ETFs in the future.

Individual responses will remain confidential and used only in anonymized and/or aggregated format in future IOSCO publications. Respondents may respond to all or just some questions. The submission deadline is 1 March 2021. Respondents are asked to send completed questionnaires to a dedicated mailbox (