19b-4 Withdrawal Adds Complexity
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Canary withdrew its 19b-4 application at the SEC’s request on Sept. 25, potentially contributing to the delay. Analysts note that old 19b-4 deadlines may now be irrelevant under the new generic listing standards, leaving the S-1 registration statement as the key document requiring approval.
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Canary withdrew its 19b-4 filing on Sept. 25 at the SEC’s request, likely adding to ETF launch delays.
Analysts say prior 19b-4 deadlines may now be obsolete under new generic listing rules, making the S-1 registration the pivotal hurdle before approval. -