SEC:

Registration Form Used by Open-End Management Investment Companies and New Disclosure Option for Open-End Management Investment Companies

OGC-98-40: Published: Apr 3, 1998. Publicly Released: Apr 3, 1998.

Multimedia:

Additional Materials:

Contact:

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

Pursuant to a legislative requirement, GAO reviewed the Securities and Exchange Commission's (SEC) registration form used by open-end management investment companies, and new disclosure option for open-end management. GAO noted that: (1) the registration form would amend Form N-1A; (2) the final rule is intended to improve fund prospectus disclosure and to promote more effective communication of information about funds to investors; (3) the New Disclosure Option final rule permits a mutual fund to offer investors a new disclosure document called A Profile, which summarizes key information about a fund's investment strategies, risks, performance, and fees in a concise, standardized format; (4) investors have the option of purchasing the fund's shares after reviewing the profile or after requesting and reviewing the fund's prospectus; (5) an investor deciding to purchase shares based on the information in a profile will receive a prospectus with confirmation of the purchase; and (6) SEC complied with applicable requirements in promulgating the rule.

Jul 25, 2016

Jul 5, 2016

May 6, 2016

Apr 21, 2016

Apr 18, 2016

Apr 12, 2016

Mar 28, 2016

Mar 8, 2016

Feb 16, 2016

Jan 27, 2016

Looking for more? Browse all our products here