75 unchanged sentences
There have been ongoing discussions and commentary regarding potential significant changes to United States trade policies, treaties and tariffs.
−Removed: The current administration, along with Congress, has created significant uncertainty about the future relationship between the United States and other countries with respect to trade policies, treaties and tariffs.
These developments, or the perception that any of them could occur, may have a material adverse effect on global economic conditions and the stability of global financial markets, and may increase the volatility of foreign exchange rates, including the USD/Canadian Dollar exchange rate.
15 unchanged sentences
the management of investment companies by irresponsible persons;
−Removed: the use of unsound or misleading methods of computing earnings and asset value;
+Added: the use of unsound or misleading methods of computing earnings and
changes in the character of investment companies without the consent of investors;
37 unchanged sentences
The license grant is solely for the purpose of allowing the Sponsor to establish, operate and market a currency-based securities product based solely on the securitization, in whole or in part, of a single non-U.S.
−Removed: The License Agreement provides that either party may provide notice of intent to terminate the License Agreement in the event the other party commits a material breach.
+Added: The License Agreement provides that either party may provide notice of intent to terminate
+Added: the License Agreement in the event the other party commits a material breach.
If the License Agreement is terminated and one or more of The Bank of New York Mellon’s patent applications issue as patents, then The Bank of New York Mellon may claim that the operation of the Trust violates its patent or patents and seek an injunction forcing the Trust to cease operation and the Shares to cease trading.
29 unchanged sentences
The novel coronavirus known as COVID-19 is harming the global, regional and national economies in unexpected, unpredictable ways that could materially and adversely affect the value of the Shares.
−Removed: COVID-19 spread globally throughout 2020 and continues to spread in 2021.
+Added: COVID-19 spread globally throughout 2020 and 2021 and continues to spread in 2022.
This pandemic has had material adverse effects on the global economy, including lower levels of economic activity and widespread unemployment.
−Removed: The economic turmoil has led to unprecedented amounts of stimulus in regional and national economies by central banks and other governmental authorities.
+Added: The economic turmoil has led to unprecedented amounts of stimulus in regional and national economies by central banks and other governmental
Despite massive intervention, the humanitarian and economic crisis continues, and financial markets have generally experienced heightened volatility.
21 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.