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SEC to hold Seminar on XBRL Reporting Rules for Mutual Funds

The SEC will hold a public seminar June 4th beginning at 10:00 a.m. EDT to discuss the reporting rules and the XBRL taxonomy for open-end mutual funds.

The compliance date for open end mutual funds is January 1, 2011 and requires them to comply with new rules to file data in the risk/return summary section of the prospectus using XBRL.

The full SEC press release is available at: http://www.sec.gov/news/press/2010/2010-71.htm

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