About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

NewRiver Releases Summary Prospectus Index for Tracking on SEC’s Edgar

Subscribe to our newsletter

NewRiver has released a new tool that tracks all summary prospectus filings on the Securities and Exchange Commission’s (SEC) Edgar database. Dubbed NewRiver Summary Prospectus Index, the new offering tracks fund families, fund names and the number of filings for both standalone summary prospectuses filed via Form 497K and filings of statutory prospectuses that include a summary section.

According to the vendor, the tool has been developed in response to meeting the requirements of the SEC’s rule, which became effective on 31 March 2009 and requires firms to deliver the summary prospectus in either print or electronic format and to make the longer “statutory” prospectus available to investors within a mouse click via layered disclosure.

To date, 13 fund companies, including American Funds, Nuveen Funds and Van Kampen Funds, have filed summary sections within 58 statutory prospectuses. In addition, three fund companies – Embarcadero Funds, Diamond Hill Funds and Guinness Atkinson Funds – have filed 18 standalone summary prospectuses.

The vendor hopes that the index will be of interest to mutual fund firms and intermediaries and expects to see an acceleration of summary prospectus filings, as more and more fund firms realise the cost savings it entails, explains Len Driscoll, chief client officer at NewRiver. “Firms are eager to have smaller documents that are printed on demand, rather than stored as inventory. We have been tracking filings since the rule went live in March, and expect these numbers to grow rapidly,” he adds.

This release follows closely on the heels of two other recent summary prospectus related announcements from the vendor: the launch of Prospectus Express 3.0 and the partnership with Broadridge Financial Solutions. Under the latter, Broadridge now exclusively offers NewRiver’s Prospectus Express and Virtual Document Warehouse products for pre-sales and first-dollar deliveries in the brokerage market.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: In data we trust – How to ensure high quality data to power AI

Artificial intelligence is increasingly powering financial institutions’ processes and workflows, encompassing all parts of the enterprise from front-office to the back-office. As organisations seek to gain a competitive edge, they are trialling the technology in variety of ways to streamline and empower multiple use cases. Some are further than others along the path to achieving...

BLOG

Three Predictions for the ESG Year Ahead from ESG Data and Tech Briefing Keynote Speaker Barrie Ingman

What a difference a year makes. At A-Team Group’s last big ESG event, in the spring of last year, delegates were still buoyant about the ESG space even after a bruising 12 months in which anti- sustainability rhetoric had risen again. Calls among conservatives in the US to backpedal on regulatory controls combined with the...

EVENT

Data Licensing Forum 2025 NYC

The Data Licensing Forum will explore industry trends, themes and specific developments relating to licensing of financial market data from Exchanges and Data Vendors.

GUIDE

Regulatory Data Handbook 2025 – Thirteenth Edition

Welcome to the thirteenth edition of A-Team Group’s Regulatory Data Handbook, a unique and practical guide to capital markets regulation, regulatory change, and the data and data management requirements of compliance across Europe, the UK, US and Asia-Pacific. This year’s edition lands at a moment of accelerating regulatory divergence and intensifying data focused supervision. Inside,...