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Rating:Funds Take Case Against Disclosure to OMB Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, February 21, 2003

Funds Take Case Against Disclosure to OMB

by: Sean Hanna, Editor in Chief

The ICI is pressing on in its fight against new SEC rules requiring funds to disclose their proxy votes. Matthew Fink, president of the industry trade group, told Reuters that he hopes the Office of Management and Budget (OMB) will overturn the rules. The OMB could have jurisdiction under the paperwork reduction act. Fund industry employees reportedly met with the OMB last month to argue that the new regulation creates excessive paperwork and cost. 

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