As the SEC’s Mutual Fund XBRL Risk/Return Summary mandate is now in full swing, we are gearing up to see a tremendous number of filings available to the public. As of today, there is a handful of XBRL R/R Summary filings posted to the SEC’s website /RSS feed, among which is a 497 filing.

The SEC recently released a Preparers Guide for the Mutual Fund R/R Summary Taxonomy.  This document includes some great tips and direction that all Mutual Funds and their XBRL service providers should be familiar with. Section Six of the Preparers Guide details the SEC’s recommendations regarding 497 or “Sticker” changes.  An XBRL 497 filing is required when content from the R/R Summary sections of the prospectus have changed.  This could be as simple as a new sentence added to the risk section, or an entirely new or reworked R/R Summary. Read the rest of this entry »

Seems like just yesterday I was sitting in strategy and design meetings to enhance Crossfire to work for mutual fund companies in preparing for the SEC’s mandate that takes effect on January 1, 2011.  Also feels like just yesterday, I was working with the SEC to create specific rendering engine logic to support the rendering of the risk/return summary filings. Now that Rivet actually has two of these risk/return summary filings under our belt, I would like to share some thoughts about what it took to get here.

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