Rules mandating more frequent updates of mutual-fund holdings may just be months away.
The Securities and Exchange Commission’s investment-management division hopes to finalize a rule this fall that would require funds to disclose their holdings quarterly, rather than twice a year, according to Paul Roye, director of the division. That rule, which was proposed at the end of last year, would also include initiatives intended to slim down shareholder reports and increase the amount of information provided to investors about fees that funds charge.
“The shareholder report reform, fee disclosure and holdings disclosures are still priorities and we hope to make final recommendation to the Commission in the fall,” Roye wrote.