Deadline nears for XBRL proposal
The public has until Aug. 1 to comment on an SEC proposal to require mutual funds to use specific technology that would allow investors to compare fund data on fees, performance and strategies.
The public has until Aug. 1 to comment on an SEC proposal to require mutual funds to use specific technology that would allow investors to compare fund data on fees, performance and strategies. The technology, data tagging, uses extensible business reporting language software, or XBRL. The rule proposal would require all mutual funds to provide the data-tagged information, beginning with registration statement filings that become effective after Dec. 31, 2009. For more details, visit sec.gov/news/press/2008/2008-94.htm.
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