Barclays has halted trading on 30 exchange-traded notes (ETNs) as it looks to resolve a filling issue with the Securities and Exchange Commission (SEC).

Last Thursday, the UK giant announced all strategies in its $1.6bn US-listed iPath ETN range will halt amid changes in paperwork, known as a Form 20-F and a new shelf registration statement.

The firm said in a statement: “Barclays expects to reopen sales of the ETNs when the amended Form 20-F and new shelf registration statement have been filed with the SEC and will make a public announcement when this action is taken.”

The ETNs will continue to trade on the secondary market meaning investors will be able to redeem their assets.

These are the latest ETNs Barclays has suspended. In March, the bank suspended new creations on the iPath Pure Beta Crude Oil ETN (OIL) and the iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) because it exceeded its maximum issuance by roughly $15.2bn over a 12-month period.

The internal blunder led to a loss of £523m in what the bank said in its Q1 results showed “material weakness” in its internal controls.

The firm has commissioned an external review of the error.

According to Bloomberg, Barclays CEO CS Venkatakrishnan said last Thursday: “This situation was entirely avoidable and I am deeply disappointed. The necessity of strong controls culture has never been clearer to me.”

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