The SEC has said that there is little cause for further concern over Y2K.

Y2K disclosure is no longer necessary for most fund advisers, Barry Miller, the associate director for legal and disclosure at the SEC wrote in a Feb. 11 opinion letter to Craig Tyle, general counsel of the Investment Company Institute in Washington, D.C.

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.