On December 18, 2008, the SEC approved final rules requiring mutual funds, starting in 2011, to include data tags in their public filings supplying investors with such information as objectives and strategies, risks, performance, and costs. The Commission believes that requiring funds to add electronic tags to the risk/return summary portion of their prospectuses, and making this tagged data available via the Internet, will allow investors to compare mutual funds easily using simple software and readers. It should be noted that the Commission is not requiring a fund's entire prospectus to be tagged in this way, only the fund's risk/return summary.
The final rule release will be available on the SEC's website in upcoming weeks. The June 10, 2008 proposing release is available at: http://www.sec.gov/rules/proposed/2008/33-8929fr.pdf
The final rule release will be available on the SEC's website in upcoming weeks. The June 10, 2008 proposing release is available at: http://www.sec.gov/rules/proposed/2008/33-8929fr.pdf
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