The SEC is amending its rules to clarify and provide flexibility regarding the format of the Notice of Internet Availability of Proxy Materials that is sent to shareholders, and to permit issuers and other soliciting persons to better communicate with shareholders by including explanatory materials regarding the reasons for the use of the notice and access proxy rules, and the process of receiving and reviewing proxy materials and voting pursuant to those rules. The amendments also revise the timeframe for delivering a notice to shareholders when a soliciting person other than the issuer relies on the notice and access proxy rules, and permit mutual funds to accompany the notice with a summary prospectus. 75 FR 9073.