SEC to Prioritize Review of Mutual Fund ETF Applications (1)

Acting Securities and Exchange CommissionChair Mark Uyeda wants the regulator to move faster in reviewing applications to launch novel exchange-traded funds like the one filed by Dimensional Fund Advisors.

“More than two years have passed since the most recent set of exemptive applications for ETF share class relief was filed,” Uyeda said Monday in prepared remarks at an Investment Company Institute event in San Diego.

Mark Uyeda speaks during the 2024 Financial Markets Quality Conference at Georgetown University in Washington, DC

Markets: Innovation and Uncertainty.” Photographer: Al Drago/Bloomberg

Applicants have asked the SEC for so-called exemptive relief to offer ETFs as a share class of their mutual fund offerings. Dimensional said in 2023 the structure would result in lower portfolio ...