The SEC Brings Fund Reporting Into the 21st Century

The commission's ambitious new proposal.

John Rekenthaler 08 June, 2015 | 10:36
Facebook Twitter LinkedIn

Doing It Right
Last month, the SEC released an important document that was years in the making. 

What had been suspected before 2008 became painfully clear during that year's market onslaught: Mutual fund disclosure rules had become hopelessly outdated. Created decades ago, the rules were--and are--ill-suited for modern investment techniques. Many fund reports are indecipherable even for professional investment managers. 

The SEC has now addressed this gap, and in a big way. Its 506-page treatise (no, I have not read the entire document, and surely never will) proposes several major changes to fund reporting. The highlights: 

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Member.

Register For Free
Facebook Twitter LinkedIn

About Author

John Rekenthaler  is vice president of research for Morningstar.

© Copyright 2021 Morningstar Asia Ltd. All rights reserved.

Terms of Use        Privacy Policy