SEC Issues Order of Limited Exemptions for Exchange Act Rules and Regulation M

The SEC approved an exemptive order providing relief to First Trust Dorsey Wright Focus Five ETF ("the Fund") from Exchange Act Rule 10b-17 ("Untimely Announcements of Record Dates"), Rule 101 ("Activities by Distribution Participants") and Rule 102 ("Activities by Issuers and Selling Security Holders during a Distribution") of Regulation M.

The First Trust Exchange-Traded Fund VI ("the Trust") is registered with the SEC as an open-end management company, but is requesting an exemptive order from the SEC for the Fund to act as an "ETF of ETFs" by tracking the performance of its underlying index through investing at least 90% of its net assets in the ETFs which comprise the index.The SEC granted relief from Rule 101, permitting persons who may be deemed to be participating in a distribution of shares of the Fund to bid for or purchase such shares during their participation in such distribution. Additionally, the SEC permitted the Fund to redeem shares of the Fund during the continuous offering of such shares.

See: SEC Exemptive Order.