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Exemption for Certain Open-End Management Investment Companies to Impose Deferred Sales Loads

SEC · final-rule · Published 1996-09-17 · Effective 1996-10-17 · 61 FR 49011

Document

Document number
96-23438
Federal Register citation
61 FR 49011
CFR reference
17 CFR 239
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US Securities and Exchange Commission
Publication date
1996-09-17
Effective date
1996-10-17
Docket
Release Nos. 33-7328

Abstract

The Commission is adopting amendments to the rule under the Investment Company Act of 1940 that permits contingent deferred sales loads to be imposed on the shares of certain registered open-end management investment companies (``mutual funds'' or ``funds''). The Commission also is adopting amendments to the registration form for mutual funds, and publishing a staff guide to the registration form. The rule amendments allow mutual funds to offer investors a wider variety of deferred sales loads, including installment loads, and eliminate certain requirements in the rule. The form amendments modify the requirements for disclosing deferred sales loads in mutual fund prospectuses to reflect the changes made by the rule amendments.

Source

Authoritative
Federal Register document
Machine
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