SEC Approves Monthly Reporting for Fund Holdings

Aug 28, 2024, 02:56 PM

The U.S. Securities and Exchange Commission (SEC) has voted 3-2 to approve rule changes requiring mutual funds and exchange-traded funds to report their portfolio holdings on a monthly basis, rather than the current quarterly schedule. This decision aims to increase transparency in the financial markets. The SEC had initially considered a plan that would have required many mutual funds to overhaul their pricing models, but this proposal was ultimately not pursued.