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CRE Watch List

SEC Solicits Comments on Proposed Rule Change Requested by the American Stock Exchange

The Securities and Exchange Commission (SEC) is seeking comment on a proposal by the American Stock Exchange to add a rule that would provide various types of disclaimers to the Goldman Sachs Technology Composite Index and sub-indexes thereof licensed for use in connection with certain Index Fund Shares traded on the Exchange. The American Stock Exchange believes that this proposed rule, called Rule 1005A, is similar to Rules 1004, 1005, and 1006 which provide various disclaimers for Standard and Poor's, Dow Jones, and Nasdaq Indexes, respectively.

In particular, the Rule would provide that "Index and its subindexes are licensed for use in connection with certain Index Fund Shares traded on the Exchange"; that "the relevant index funds are not sponsored, endorsed, sold or promoted vs Goldman, Sachs & Co., the Exchange or any of their affiliates"; and that it "would provide certain disclaimers including with respect to guarantees of the accuracy and/or completeness of the Indexes or the ability of the Indexes or the applicable Index Fund Shares to track the appropriate index performance".

  • Click to view full notice in the Federal Register.
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