Selling commissions for mutual funds to be disclosed to investors

Beginning March 2011, distributors of mutual funds must disclose the selling commissions and all other benefits which they receive from the fund companies to the investors before the sale, and if there should be any subsequent changes to such commissions or benefits, the investors must be notified of such changes. The funds companies will have to use separate prospectuses for each of their funds having different “remuneration.”  In case the specific amount of a selling bonus cannot be known in advance, the required disclosure may be shown in graduated rate brackets with a proper explanation.