• SEC Concept Release: Request for Comments on Measures to Improve Disclosure of Mutual Fund Transaction Costs
  • January 30, 2004 | Authors: Mark S. Bergman; Raphael M. Russo
  • Law Firm: Paul, Weiss, Rifkind, Wharton & Garrison LLP - New York Office
  • The Securities and Exchange Commission (the "SEC") has announced a concept release that seeks public comment on issues related to the disclosure of mutual fund transaction costs (the "Release"). The Release indicates that the SEC is considering proposing new rules under the Securities Act of 1933, as amended (the "Securities Act"), the Securities Exchange Act of 1934, as amended (the "Exchange Act") and the Investment Company Act of 1940, as amended (the "1940 Act"). Comments must be submitted to the SEC by February 23, 2004. This memorandum outlines the SEC's proposals in the Release.