• A simple, single-source to keep current on mutual fund company market timing policies
• Provides market timing rules by fund family, fund, and individual share class level
• Web-based tool simplifies compliance challenge and enables superior customer service

• Overview
• Who's It For?
• Coverage
• Key Features

One of the cornerstones of the SEC's Rule 22c-2 is that fund companies must disclose their policies and rules within each fund's prospectus and statement of additional information (SAI) to discourage market timing violations. Unfortunately, these policies have become more complex and less uniform in recent years. Rather than adopting a "one-size-fits-all" approach, most mutual fund companies have tailored their policies to specific funds and even to specific share classes. Consequently, service providers face a stiff challenge in understanding and clearly communicating these policies to investors and retirement plan participants.

NewRiver's FundPOINT Market Timing Data solution tracks the rules variations for all the funds your firm sells. Powered by NewRiver's patented process technology for capturing and processing all pertinent daily filings in the SEC's EDGAR system, FundPOINT Market Timing Data ensures that your firm is always using the most current information available in your point-of-sale disclosure systems and back-office operations. Because market timing policies vary by fund company and by individual fund, FundPOINT Market Timing Data offers a broad, comprehensive data feed that is an industry-best solution.

Mutual Fund Company   Financial Intermediary   Rules Not Communicated   Unhappy Investor

Mutual Fund Company defines its frequent trading policy, restrictions, and associated short-term redemption fees in the fund prospectus or supplement. Financial Intermediary must disclose these "redemption fee" policies for funds to investors during sales transactions.n fee policy, investors may inadvertently trigger a "redemption fee" by the Mutual Fund Company.

If any Financial Intermediary does NOT disclose the redemption fee policy, investors may inadvertently trigger a "redemption fee" by the Mutual Fund Company.

back to top

Broker/Dealers
Gives reps ready access to the latest market timing rules to inform investors and avoid Rule 22c-2 violations.

Retirement Plan Providers/Administrators
Simplifies compliance by eliminating the burden of tracking rules variations within the plan offering.

Trust Officers
A vital resource to communicate market timing policies for trusts using mutual funds as underlying investments.

Mutual Fund Companies
Provides competitive insight as well as Web-based information on their own funds (for example, for call center staff).

In many cases market timing policies are specific to individual funds and even share classes. FundPOINT Market Timing Data, which is fund CUSIP-specific, provides timely, accurate, and definitive EDGAR-sourced data for each share class. FundPOINT Market Timing Data encompasses 50 data points in five categories:

Improved Service & Efficiency

• Superior Customer Service - arms your reps at the point of sale with the appropriate information needed to stay in compliance and to safeguard investors from future market timing violations
• Simplified Compliance - relieves your firm from the burden of tracking rules variations for all the funds you sell and any changes a fund makes to its own rules
• Paperless Approach - eliminates the time and hassle of shuffling through paper prospectuses and SAIs, or the delay of waiting to receive this information from fund companies, by offering a Web-based solution

• Patented Process Technology - extracts the latest market timing rules (representing 50 data points) from the most up-to-date documents on EDGAR using a patent-protected process
• Real-Time Auditability - via dynamic, electronic links to data points on the latest fund prospectus or SAI using NewRiver's patented AuditAnchorsSM technology

• The Industry's Most Comprehensive Coverage - provides 100% fund coverage of U.S. open-end mutual funds and includes 35 data points to meet a variety of fund company market timing strategies
• Market Tested, Market Leader - developed by NewRiver, Inc., the industry's compliance and technology leader, servicing over 100 of the leading global financial services companies and industry regulators