Securities and Exchange Commission staff has made the replay available of a public seminar to help mutual funds comply with new rules that require them to file data in the risk/return summary section of the prospectus using XBRL. The enhanced data gives investors quicker access to the data they want in a format that is easily used, searched, and analyzed. The SEC webcast is available for reply, which gives solid information on what is required, and what investors can expect when mutal funds begin filing interactive data as of January 1, 2011.
The SEC staff discussed both the rule requirements and the XBRL taxonomy, which is the list of tags associated with the risk/return summary. Both the webinar and the accompanying slide show are archived.
In related news, EDGAR Online has partnered with Issuer Direct to help mutual funds comply with the SEC mandate. Additionally, the two companies will integrate EDGAR Online’s XBRL tools into Issuer Direct’s Interactive Fund Platform. Here’s the official press release.
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