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New Fund Shareholder Report and Advertising Rules

Brush up on an SEC final rule with comprehensive changes to the mutual fund and ETF disclosure framework.

In a rare unanimous vote, the SEC approved on October 20, 2022 a final rule with comprehensive changes to the mutual fund and exchange-traded fund disclosure framework. This article provides details on the rule, which also updates advertising rules for registered investment companies and business development companies to include certain standardized figures and reasonably current information.

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