Publisher: Reuters Author: Nate Raymond The U.S. Securities and Exchange Commission's controversial use of in-house…
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
