State Street Corp., Boston Financial Data Services and DST Systems have published a guide for mutual fund directors on new regulation best practices. Called "Building Investor Confidence" and available to existing clients, it includes releases and speeches from the Securities and Exchange Commission, as well as industry articles.
"Today, with the ever-changing regulatory environment, boards of directors are under scrutiny as never before," said Alan Greene, executive vice president and head of State Street's mutual fund servicing business in the U.S. "Our hope is that this guide provides a useful framework of reference and practical recommendations."
"The last several years have been a period of unprecedented change in this industry," added Paul O'Neil, senior director at Boston Financial.
(c) 2005 Money Management Executive and SourceMedia, Inc. All Rights Reserved.