Understanding the SEC's Proposed Modernized Fund Shareholder Reports and Disclosures

The Securities and Exchange Commission (SEC) has proposed a bold new approach to shareholder and investor communications by investment companies registered on Form N-1A under the Investment Company Act of 1940 based on the premise that new and existing shareholders require different information. Details of the comprehensive restructuring of the prospectus and shareholder report regulatory scheme are discussed in a 646 page SEC release that raises many questions. The short 60-day comment period suggests the SEC has a goal of adopting the proposals before Chair Jay Clayton leaves the SEC, which he has announced will be at the end of the year.

Click here to listen to Session 1: What You Need to Know Most About the SEC’s New Rule Proposal to Modernize Fund Shareholder Reports and Disclosures.

Session 2: Let the Comments Roll! Key Aspects of the SEC's New Rule Proposal to Modernize Fund Shareholder Reports and Disclosures that Funds Will Want to Comment On.

Session 3: What You Didn’t Know Was in There! A Deeper Understanding of the SEC’s New Rule Proposal to Modernize Fund Shareholder Reports and Disclosures