The Securities and Exchange Commission recently adopted final rules that will substantially change future mutual fund disclosure practices. These new rules provide for enhanced and reordered disclosure in the current statutory prospectus as well as an option to deliver a new summary prospectus in lieu of the statutory prospectus. In this alert, we summarize some of the more important operational, compliance, technical and legal requirements that fund personnel may need to consider sooner rather than later in order to prepare for compliance with the new summary prospectus rules.

Click on the PDF link above to view the full alert.
Source: Investment Management Alert
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