Despite declining to make changes on Monday, ESMA, Europe’s main financial regulator, still thinks that synthetic ETFs should require separate labeling from other exchange-traded funds, according to an article on Financial Times.

ESMA is also focusing more intensively on securities lending. The regulatory body thinks investors would be well served by limiting how much any one party can borrow, and by limiting the amount of a portfolio available for lending, the report said.

Also, ESMA still hasn’t decided on whether a company can act as a synthetic ETF provider and a swap counterparty to the ETF, FT said.

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