WASHINGTON -Wall Street's top regulator approved new rule changes on Wednesday requiring mutual funds and exchange-traded funds to report portfolio holdings on a monthly basis rather than four times a year, a move officials said would bring greater transparency to investors.
SEC Chair Gary Gensler said more frequent reporting would help investors monitor their holdings and identify overlapping investments while giving the SEC greater visibility to identify trends and respond during market stress. With the rule amendments approved on Wednesday, the same funds will be required to file those reports within 30 days of the end of each month, with each such report becoming public after a further 30 days.
If adopted, the regulations are set to take effect in November next year, or May of 2026 for funds with net assets of $1 billion or less.
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Fuente: ForbesTech - 🏆 318. / 59 Leer más »