The Securities and Exchange Commission (SEC) adopted the final rule for Tailored Shareholder Reports for Mutual Funds and Exchange-Traded Funds; Fee Information in Investment Company Advertisements. The new rule adopts amendments for annual and semi-annual shareholder reports provided by mutual funds and exchange-traded funds to highlight key information for shareholders. The new rule becomes effective 60 days after publication in the Federal Register, and the Commission is providing an 18 month transition period after the effective date of the final rule amendments for open-end funds to comply.
The rule also requires that funds tag their reports to shareholders using Inline XBRL to provide machine-readable data that retail investors and other market participants may use to more efficiently access and evaluate investments.
Read the fact sheet: https://www.sec.gov/files/33-