In the Margins

SEC to pare back reporting modernization rule

February 23, 2018

By The Wall Street Journal

Securities regulators plan to pare back Obama-era requirements that mutual funds tell shareholders about large holdings of hard-to-sell assets. The Securities and Exchange Commission had planned to propose rolling back the reporting modernization rule, set to go into effect in 2019, on Wednesday. But it postponed the action because commissioners disagree over the scope of the rollback, people familiar with the matter said. The SEC said in a notice posted Thursday that it anticipates holding a vote in the future. Read the original story from The Wall Street Journal.



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