The Lyxor FTSE Italia Mid Cap PIR ETF is the only one compliant with a new Italian law that offers tax breaks for certain investment plans.
Most funds will have until December to comply with the SECs new rules, while complexes with more than $1 billion in net assets have until 2019.
As executives accept Trump's fiduciary rule delay, many have shifted their focus to compliance with the SEC's new reporting modernization regulation.
The research giant says it aims to lower costs by removing a layer of fees paid to third-party managers.
The SEC decision ended a months-long rally that pushed the virtual moneys value higher than gold.