SEC Amends Requirements Related to Fund Shareholder Reports

The SEC has issued a final rule, Tailored Shareholder Reports for Mutual Funds and Exchange-Traded Funds; Fee Information in Investment Company Advertisements. The rule and form amendments “require mutual funds and exchange-traded funds to transmit concise and visually engaging shareholder reports and to promote transparent and balanced presentations of fees and expenses in investment company advertisements.”

The final rule will become effective 60 days after the date of its publication in the Federal Register. For more information, see the press release and fact sheet, as well as statements by SEC Chair Gary Gensler and Commissioner Hester Peirce, on the SEC’s Web site.