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SEC Grants Tender Offer No-Action Relief to ESG ETF

The SEC granted no-action relief to an ESG-focused exchange-traded fund from SEA Rule 14e-5 ("Prohibiting purchases outside of a tender offer"), subject to certain specified conditions.

Primary Sources

  1. SEC Final Order: Thrivent ETF Trust
  2. SEC No-Action Letter: Thrivent ETF Trust
  3. SEC Incoming Letter: Thrivent ETF Trust

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Tags

Regulated Activities
Exchange and Tender Offers Trading
Regulated Entities
Issuers of Securities
Sub-Entity
ETFs, Open-End Funds, SEC-Registered Issuers
Regulated Products
Investment Funds (as Regulated Product)
Sub-Product
Public Funds / RICs
Body of Law
Securities Law
Jurisdiction
US - Federal
Organization
SEC
Sub-Author
SEC Corp. Fin.