New Fund Facts delivery rule kicks in soon

By Staff | February 25, 2016 | Last updated on February 25, 2016
1 min read

The MFDA and IFIC have published an investor notice about the requirement (as of May 30, 2016) for dealers to deliver a Fund Facts document to clients before the purchase of a mutual fund. Under the current rule, dealers must provide Fund Facts to their clients no later than two days after their purchase.

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The MFDA and IFIC are providing the investor notice directly to their respective members – the MFDA to dealers and IFIC to dealers and fund managers. Each organization is encouraging its members to include the investor notice in clients’ quarterly statements and other mailings, or to provide the notice to clients electronically and by other means.

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The staff of have been covering news for financial advisors since 1998.