Washington (Dec. 10, 2002) -- The Securities and Exchange Commission is expected to vote Wednesday on rule proposals to mandate that mutual fund companies increase the frequency of disclosures regarding their stock and fixed income holdings.
The regulator's proposals would require that mutual fund companies disclose their portfolio holdings every three months, from the current requirement of every six months. If passed, the rules would be open for public comment.
The proposals also would require the disclosure of any mutual fund expenses that would be footed by shareholders and also include management discussion and analysis of fund performance in annual reports.
-- Electronic Accountant Newswire staff
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