The ETPF Barriers

Fragmented corporate actions and general meeting processes. Lack of convergence and harmonisation in information messaging standards. Lack of harmonisation and standardisation of ETF processes. Inconsistent application of asset segregation rules for securities accounts. Lack of harmonisation of registration and investor identification rules and processes. Complexity of post-trade reporting structure. Unresolved issues regarding reference data and standardised identifiers. Uncertainty as to the legal soundness of risk mitigation techniques used by intermediaries and of CCPs’ default management ...