On July 31, the Securities and Exchange Commission re-opened the public comment period on its November 2007 proposals (Securities Act Release No. 8861 (Nov. 21, 2007) [72 FR 67790 (Nov. 30, 2007)]) to standardize, and increase the plain-English content of, investment company disclosures. The 2007 proposals included the requirement for a summary prospectus and a modification of fund prospectus delivery requirements. The new comment period for these proposals ends on August 29.