Regulatory Alerts2022-11-25 | 2022-23756Added · Updated
Tailored Shareholder Reports for Mutual Funds and Exchange-Traded Funds; Fee Information in Investment Company Advertisements
The Securities and Exchange Commission adopted final rules requiring open-end mutual funds and ETFs to deliver concise, visually engaging annual and semi-annual reports that highlight key information for retail investors. The amendments exclude these funds from the 'notice and access' transmission method, mandate direct delivery, and require Inline XBRL tagging for machine-readable data while moving detailed professional-level information online. Additionally, the Commission amended advertising rules to promote more transparent and balanced statements regarding investment costs in investment company sales literature.
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