November 21, 2007
SEC's Proposed Rules on Mutual Fund Disclosure
The SEC has released for public comment its proposed rule on Enhanced Disclosure and New Prospectus Delivery Option for mutual funds. In short, the proposal:
(1) requires key information to appear in plain English in a standardized order at the front of the mutual fund prospectus;
(2) allows the prospectus delivery requirement to be satisfied by sending the key information in a summary prospectus and providing the statutory prospectus via a website (with mailing to the investor, if he requests).
TrackBack URL for this entry:
Listed below are links to weblogs that reference SEC's Proposed Rules on Mutual Fund Disclosure: