Many mutual fund industry analysts are skeptical that the Securities and Exchange Commission will take final action on any of its outstanding proposals this year, but if it does, the summary prospectus and XBRL tagging are likely to top the list, with a proposal on changes to 12b-1 fees to follow in 2009.

"I don't have a lot of high hopes for anything being adopted before the end of the year," said Geoffrey Bobroff, president of the Greenwich, R.I.-based mutual fund advisory firm Bobroff Consulting.

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