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SEC adopts enhanced fund director disclosure requirements
  • Jorden Burt LLP
  • USA
  • January 5 2010

On December 16, 2009, the Securities and Exchange Commission ("SEC") adopted proxy rule and registration statement form amendments that impact disclosures about directors and director nominees of management investment companies registered under the Investment Company Act of 1940 ("funds").

SEC proposes mandatory XBRL filings for mutual funds
  • Jorden Burt LLP
  • USA
  • October 15 2008

On June 10, 2008, the SEC proposed rules that would require mutual funds to provide the riskreturn summary section of their prospectuses to the SEC in interactive data format using XBRL eXtensible Business Reporting Language.

Sudan Accountability and Divestment Act
  • Jorden Burt LLP
  • USA, Sudan
  • June 2 2008

In accordance with the Sudan Accountability and Divestment Act, the SEC has amended Form N-CSR and Form N-SAR to require disclosures by registered investment companies that divest from securities of issuers that the investment companies determine conduct or directly invest in certain business operations in Sudan.