Insights & News

Fund Alert, November 7, 2016
Investment Company Reporting Modernization Amendments – A Summary of an Extensive Overhaul

November 07, 2016
Client Alert
On October 13, 2016, the U.S. Securities and Exchange Commission (SEC) adopted new rules and forms, as well as amendments to existing rules and forms, under the Investment Company Act of 1940 (1940 Act) that are designed to modernize and enhance the reporting and disclosure of information by investment companies (Amendments).1 The Amendments significantly overhaul the current reporting requirements for investment companies and will require them to disclose an array of new information to the SEC and investors. The SEC expects that the Amendments will improve the information that it receives from funds2 so that it can better fulfill its mission of protecting investors; maintaining fair, orderly and efficient markets; and facilitating capital formation. The SEC also anticipates that investors or their financial advisers will be able to use the information collected to help them make more informed investment decisions.


Information contained in this publication should not be construed as legal advice or opinion or as a substitute for the advice of counsel. The articles by these authors may have first appeared in other publications. The content provided is for educational and informational purposes for the use of clients and others who may be interested in the subject matter. We recommend that readers seek specific advice from counsel about particular matters of interest.

Copyright © 2016 Stradley Ronon Stevens & Young, LLP. All rights reserved.

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