The admission to listing of the Exchange Traded Funds (ETFs) is regulated by article 2.4.1 of the Rules of the markets organised and managed by Borsa Italiana S.p.A. Borsa Italiana asks the issuer to send the listing application along with the required documentation as specified in the Instructions accompanying the rules.
Within two months from the day the documentation to be produced following submission of an application is completed, Borsa Italiana shall resolve and inform the issuer of the acceptance or rejection thereof and simultaneously notify the decision to Consob.
The time limit may be interrupted by means of a notification from Borsa Italiana where it is found necessary to acquire additional information and documents.
The admission procedure shall be completed when Borsa Italiana, after ascertaining that the prospectus has been made available to the public, establishes the start date and the market segment in which the ETF is to be traded. The public shall be informed by means of a Notice.
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