Client Alert

SEC Adopts Rules Requiring Mutual Funds to Submit Risk/Return Summary Information in XBRL

March 02, 2009

The Investment Management Practice Group

On February 11, 2009, the Securities and Exchange Commission (the Commission) adopted amendments to various rules (collectively, the Rules) that will require all mutual funds to submit the information contained in the risk/return summary section of their prospectuses to the Commission, and post such information on their websites, in interactive data format using eXtensible Business Reporting Language, commonly referred to as XBRL.

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