SEC Clarifies Compliance Aspects of Tailored Shareholder Reports

The Securities and Exchange Commission (SEC) has released FAQs on Tailored Shareholder Reports (TSR), providing insights into compliance aspects. The guidance comes ahead of the compliance deadline on July 24, 2024. The rule, introduced in October 2022, requires open-end funds to prepare concise, visually engaging annual and semi-annual reports tagged with Inline XBRL.

This initiative aims to simplify lengthy shareholder reports for retail investors. The SEC has addressed several issues in its latest blog, including the enforcement date for Inline XBRL requirements and the specific forms affected by these requirements.

To find out more details please visit : https://www.sec.gov/