Watch Now: BoardIQ spoke to Bruce Leto, one of the lawyers who represented the Dimensional Funds in its amended application for exemptive relief to offer ETF share classes — an application the U.S. Securities and Exchange Commission has encouraged other share class applicants to use as a model for their own amendments.
"We can now state, with some degree of conviction, that the Dimensional framework is the framework that SEC staff is requesting of all the applicants that have filed for this particular relief," Bruce said in the interview.
Check out the full discussion (subscription required) to hear Bruce’s thoughts on how fund boards should be preparing for the potential new structure.