The SEC staff issued a Small Entity Compliance Guide, Interactive Data for Mutual Fund Risk/Return Summary, to explain the principal elements of the recent amendments to SEC rules requiring mutual funds to submit a complete set of their risk/return summary information in interactive data format. The new exhibit in interactive data format is required beginning with initial registration statements and post-effective amendments that are annual updates to effective registration statements that become effective after January 1, 2011. The Compliance Guide explains the provisions of Rule 406T of Regulation S-T, which addresses the liability for an interactive data file. Links are provided to materials relating to the rule amendments and interactive data reporting.
A modification to the interactive data voluntary reporting program is described that will permit investment companies to participate in the voluntary program after January 1, 2011 to provide financial statement information in interactive format.
