The Investment Company Institute is committed to working with its member firms to implement new rules adopted by the US Securities and Exchange Commission requiring mutual funds and exchange-traded funds to use computer data tagging for key information in their fund prospectuses. This interactive data initiative seeks to leverage the Internet to give investors better access to the data in the risk/return summary at the front of the prospectus, and to make that information more useful.
The Institute hopes that the time provided will allow for additional public input on the taxonomyor dictionary of computer data tagsfor the risk/return summary, as well as the development and testing of tools to facilitate creation and viewing of tagged filings.
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