News & Events

Corporate Partner Rajib Chanda was quoted in Ignites, a Financial Times news service, on the future of fund reporting and comments from the Director of the Division of Investment Management of the U.S. Securities and Exchange Commission on whether mobile reporting should be contemplated. Commentators have suggested that updated regulatory requirements could enable investors to read mobile phone-friendly shareholder reports that are more easily accessible on mobile than PDF prospectuses. “If you really want shareholders to have a good grasp on their investments and their portfolios, you have to be where they are, and where they are is mobile,” Rajib says. Given that the SEC has not yet acted on Web and e-mail disclosures, it will be an uphill battle to pass a rule that incorporates mobile, but the regulator has acknowledged the opportunities for enhanced disclosure that mobile technology provides, according to the article.