exchange-traded fund
as defined in Directive 2014/65/EU of the European Parliament and of the Council of 15 May…, Article 4(1), point (46) (Definitions)
a fund of which at least one unit or share class is traded throughout the day on at least one trading venue and with at least one market maker which takes action to ensure that the price of its units or shares on the trading venue does not vary significantly from its net asset value and, where applicable, from its indicative net asset value;
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Also defined in
- Regulation (EU) No 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial… 32014R0600, Article 2(1), point (26)
an exchange-traded fund as defined in Article 4(1)(46) of Directive 2014/65/EU