ETF initials in dollar bills SEC Chair Clayton said the new rule wouldn’t cover all products and that some would continue to require greater scrutiny. Complex, leveraged products wouldn’t be eligible for the streamlined process. (Photo: Shutterstock)

(Bloomberg) –Starting an exchange-traded fund is about to get a little easier. Finally.

More than 10 years after regulators first considered a plan to streamline ETF approvals in the U.S., the Securities and Exchange Commission is readying a proposal that will shave months off the process and end inconsistencies that have created a lopsided playing field.

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