← Independent regulator rules (SEC/Fed/FDIC/SBA/FTC/NCUA/CPSC/FHFA/EEOC/NLRB)

New Disclosure Option for Open-End Management Investment Companies

SEC · final-rule · Published 1998-03-23 · Effective 1998-06-01 · 63 FR 13968

Document

Document number
98-7071
Federal Register citation
63 FR 13968
CFR reference
17 CFR 230
Type
Rule
Action
Final rule
Category
final-rule
Agency
US Securities and Exchange Commission
Publication date
1998-03-23
Effective date
1998-06-01
Docket
Release Nos. 33-7513

Abstract

The Securities and Exchange Commission is adopting a new rule that would permit a mutual fund to offer investors a new disclosure document called a ``Aprofile,'' which summarizes key information about the fund, including the fund's investment strategies, risks, performance, and fees, in a concise, standardized format. A fund that offers a profile will be able to give investors a choice of the amount of information that they wish to consider before making a decision about investing in the fund; investors will have the option of purchasing the fund's shares after reviewing the information in the profile or after requesting and reviewing the fund's prospectus (and other information). An investor deciding to purchase fund shares based on the information in a profile will receive the fund's prospectus with the confirmation of purchase.

Source

Authoritative
Federal Register document
Machine
JSON-LD · Markdown