The Securities and Futures Commission has proposed exempting authorised exchange-traded index funds organised in corporate form from the normally applicable shareholding disclosure requirements. The commission said the proposed change was aimed at making the investment vehicles conform to international practices. Exchange-traded funds in other markets are usually set up like companies, but none of the exchange-traded funds launched in Hong Kong are structured in a corporate form, partly because of the disclosure conditions that require anyone holding 5 per cent or more of a company to make their holding public. SFC deputy chief executive Alexa Lam said the proposal was aimed at making Hong Kong a regional hub for exchange-traded funds. The public can submit their comments on the proposal to the SFC until June 6.