Regulatory Alerts2018-06-22 | 2018-12423Added
Optional Internet Availability of Investment Company Shareholder Reports
The Securities and Exchange Commission adopted new rule 30e-3 under the Investment Company Act of 1940, providing registered investment companies with an optional method to satisfy shareholder report transmission obligations by making reports accessible on a website. To protect investors who prefer paper copies, the rule mandates a paper notice for each online report and requires funds to provide clear instructions on how investors can elect to receive future reports in paper format. The rule also imposes disclosure requirements in prospectuses during a transition period and incorporates protections to ensure investors retain access to paper reports if desired.
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