SEC Reopens Comment Period on Proposal to Improve Mutual Fund Disclosure

August 22, 2008
To provide an opportunity for additional comment on the Securities and Exchange Commission’s proposed rule and form amendments that would permit mutual funds to satisfy their prospectus delivery obligations under the Securities Act of 1933 by providing key information directly to investors in a “summary prospectus” and other information on the Internet, the SEC recently reopened the comment period that closed last February. Comments are due by August 29, 2008. This update reviews the proposed rules.