# New Disclosure Option for Open-End Management Investment Companies
> **US Securities and Exchange Commission** · Final rule · Published 1998-03-23 · Effective 1998-06-01 · 63 FR 13968
## Document
- **Document number:** 98-7071
- **Category:** final-rule
- **Agency:** US Securities and Exchange Commission
- **Federal Register citation:** 63 FR 13968
- **CFR reference:** 17 CFR 230
- **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
- [Federal Register document](https://www.federalregister.gov/documents/1998/03/23/98-7071/new-disclosure-option-for-open-end-management-investment-companies)
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