The proposal on Tailored Shareholder Reports, Treatment of Annual Prospectus Updates for Existing Investors, and Improved Fee and Risk Disclosure for Mutual Funds and Exchange-Traded Funds; Fee Information in Investment Company Advertisements addresses rule and form amendments to modernize the disclosure framework for open-end management investment companies. While this rule does not call for XBRL preparation of these disclosures, it raises the question as to whether XBRL tagging should be required. Comments are due 60 days after publication in the Federal Register (early October).
Read the proposal.
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