Forum Reiterates Support for Electronic Delivery of Fund Disclosures

The Forum recently filed a supplemental comment letter on the SEC’s reporting modernization proposal to reiterate its support for electronic delivery of fund disclosures.  The letter expresses support for the portion of the Commission’s proposal that would allow funds to distribute periodic shareholder reports via fund websites both because electronic distribution would result in significant costs savings, while at the same time increasing the accessibility and usability of the documents.  In addition, the Forum’s letter supports the Commission’s approach to those investors who prefer to receive disclosure in paper form.  Specifically, while the proposal would require such investors to affirmatively elect to receive paper disclosure, funds would have to notify shareholders of that right.