The Irish Stock Exchange has removed the requirement for the daily disclosure of portfolio details for actively managed exchange traded funds (ETFs).

The Irish Stock Exchange has removed the requirement for the daily disclosure of portfolio details for actively managed exchange traded funds (ETFs). The decision to make this change followed a review of ETF regimes all over the European Union. The removal of this rule brings the ISE in line with the requirements other EU exchanges. The facility to publish portfolio disclosures remains available to all ISE listed ETF issuers.

The change came into effect on 18 November 2014. Rule 5.5.2 - now revoked - stated that an actively managed listed ETF, on each business day before commencement of trading in the units, had to disclose on its website the identities and quantities of the securities and other assets that it was holding. The listed fund had to publish and send the most recent indicative net asset value in addition to the identities and quantities of the securities and other assets it held to the companies announcements office of the ISE on (at the very least) each business day before the commencement of trading in the units. Regular reporting and dissemination of indicative net asset values is required at appropriate intervals through a recognised data provider.

The ISE is used as primary listing venue for many ETF issuers.