There is a new headache and expense coming for mutual fund companies this year - privacy compliance.

Federal banking regulators and the SEC are drafting regulations that will require mutual fund companies and other financial institutions to take new, expensive steps to safeguard the privacy of their investors' personal information. The new rules - which could be proposed as early as next month - are expected to require most fund companies and financial services firms to notify investors in writing annually about companies' privacy policies.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.