IOSCO just released their final report on Principles for the Regulation of Exchange Traded Funds. The report contains nine principles intended to guide the regulation of ETFs. The report states that it is a response to the sharp increase in interest worldwide in assets managed under ETF structures.
Lofchie Comment: The opening pages of the report contain a nice summary of certain of the basic concepts around ETFs. The regulatory recommendations seem generally consistent with existing principles of U.S. securities regulations.
See: IOSCO Final Report.