SEC Issues FAQ On Mutual Fund After-Tax Returns
The staff of the Division of Investment Management of the SEC issued "Frequently Asked Questions About After-Tax Return Requirements" in response to inquiries regarding new rules that mandate the use of standardized after-tax returns in certain mutual fund advertising and offering documents. The frequently asked questions ("FAQ") addresses topics such as applicable tax rates (in part by providing historical rate charts), compliance dates and the treatment of cost basis, capital gains and losses, reinvested dividends, foreign tax credits, redemption fees, and contingent deferred sales loads.
OTS Proposes Easing Thrift Lending And Investment Limits
