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SEC Proposes New Disclosures for Investment Companies

Joe Mont | May 22, 2015

The Securities and Exchange Commission has proposed new rules and forms intended to “modernize and enhance” reporting for mutual funds, ETFs, and other registered investment companies.

A new monthly portfolio reporting form, Form N-PORT, would require registered funds (other than money market funds) to provide portfolio-wide and position-level holdings data to the SEC on a monthly basis.  The form would require monthly reporting of the fund’s investments, including:

  • Data related to the pricing of portfolio securities.
  • Information regarding repurchase agreements, securities lending activities, and counterparty exposures.
  • Derivative disclosures displayed prominently in financial statements, rather than in the notes.  Current requirements do not require...
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