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We think the introduction of the ETF Facts will help provide investors with access to key information about an ETF, in language they can easily understand.Delivery of the ETF Facts to investors will also help improve the consistency with which disclosure is provided to investors of ETFs, and help create a more consistent disclosure framework between conventional mutual funds and ETFs.This section shall be repealed on the following January 1, unless a later enacted statute, that becomes operative on or before that date, deletes or extends the dates on which it becomes inoperative and is repealed.

The bill would authorize local educational agencies, including charter schools, to require a full-year course in ethnic studies at their discretion, as specified.The bill would authorize, subject to the course offerings of a local educational agency, including a charter school, a pupil to satisfy the ethnic studies course requirement by completing either (A) an ethnic studies course, or (B) an ethnic studies course taught as a course in another subject, including, but not limited to, subjects that are required for a diploma of graduation from high school, except as specified.The bill would require a pupil who completes a course described in (B) above to also accrue credit for coursework in the subject that the course is offered, including, if applicable, credit towards satisfying a course required for a diploma of graduation from high school.The Amendments are part of Stage 3 of the CSA's implementation of the point of sale disclosure project (the POS Project).The Amendments will require ETFs to produce and file a summary disclosure document called "ETF Facts", which must be made available on the ETF's or the ETF manager's website (the ETF Facts Filing Requirement).

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