SEC releases FAQ
The SEC’s Division of Investment Management today posted its responses to Frequently Asked Questions About Mutual Fund After-Tax Return Requirements. The SEC in September extended the compliance date for advertisements involving mutual fund tax returns from October 1 to December 1, 2001, in order to give funds and third-party providers sufficient time to resolve outstanding technical issues regarding the appropriate methodology to be used in calculating standardized after-tax returns and perform any necessary systems changes.
The FAQ, which evidently is intended to be the staff guidance on the appropriate methodology, is available online at http://www.sec.gov/divisions/investment/guidance/mutualq-a.htm
For prior FundLaw posts on this topic, see http://groups.yahoo.com/group/fundlaw/messagesearch?query=after-tax
Copyright 2001, John M. Baker, Esq., Stradley, Ronon, Stevens & Young, LLP, 1220 19th Street, N.W., Suite 700, Washington, DC 20036 – (202) 822-9611- Fax (202) 822-0140 This article was originally posted to the FundLaw List, http://www.egroups.com/group/fundlaw. To subscribe to FundLaw, send a blank e-mail to fundlaw-subscribe@egroups.com
Nothing herein is intended as legal or financial advice. The law is different in different jurisdictions, and the facts of a particular matter can change the application of the law. Please consult an attorney or your financial advisor before acting upon the information contained in this article.
Return to The Securities Law Home Page