SEC Form N-14AE

What Is SEC Form N-14AE?

SEC Form N-14AE is no longer utilized for registration filings to the Securities and Exchange Commission (SEC) regarding open-end funds. This obsolete form was supplanted with SEC Form N-14.

Understanding SEC Form N-14AE

SEC Form N-14AE was made to fulfill SEC Rule 488, which governs the effective date for registration of securities by open-end management investment companies.

It was a statement required of open-end funds registering securities with automatic effectiveness under Rule 488. That rule was itself a consequence of Rule 145, which made the protections of the Securities Act of 1933 applicable to investors offered securities in recently excluded situations like mergers and business combination transactions.

Rule 488 determines standards for effective registration dates of securities issued in transactions under Rule 145.

The SEC announced in 2006 that it would suspend SEC forms N-14AE and N-14AE/An and that businesses formerly required to file those forms could promptly begin filing under SEC forms N-14 and N-14/A, where space was accessible to make a registration statement under Rule 488.

Recent Form N-14/A submissions are posted online by the SEC, as are Form N-14 submissions.

Sections in a Registration Statement

The Securities Act of 1933 was a response to the stock market crash 1929. This exceptionally consequential law stipulated, among different things, that each u company must file a registration statement with the SEC in advance of a public offering.

Each registration statement, of which SEC Form N-14AE was one type, consists of two sections.

• The prospectus, which must be made accessible to prospective investors. This contains definite exposures about the company's business, its assets, its management, its possibilities, and any risks it knows about that could influence the company's performance.
• A section that contains information that must be filed with the SEC yet isn't necessarily shared with investors.

The prospectus of an open-end fund includes information of interest to any investor in a fund, as opposed to a company. It portrays the objectives, strategies, risks, fees, and distribution policy of the fund.

The SEC's Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system contains millions of filings by companies and individuals. It tends to be accessed for free by any investor.

One of the best ways for an investor to assess a fund is to peruse the prospectus.

Accessing Registration Statements

The Securities and Exchange Commission maintains a database of SEC filings that is accessible to the general public for free. Known as EDGAR for Electronic Data Gathering, Analysis, and Retrieval System, it contains millions of filings by companies and individuals. In addition to company filings, the database includes information given by mutual funds, money market funds, exchange-traded funds (ETFs), variable annuities, and individuals.

About EDGAR

The simplest way for investors to access registration statements in the U.S. is through the SEC's EDGAR online filing system. In light of the importance of opportune information to effective investing, EDGAR gets needed information, including registration statements, into the hands of investors and analysts as fast as could really be expected.

All things considered, there is a learning curve when it comes to extracting information from EDGAR files. SEC filings on EDGAR have a consistent structure yet can be hard to skim for specific data points. The quarterly and annual reports issued by companies and funds contain a large part of a similar information and are certainly presented in a more peruser friendly format.

Features

• The obsolete SEC Form N-14AE has been supplanted with SEC Form N-14.
• Form N-14 is utilized for required filings regarding open-end funds, for example, mutual funds or hedge funds that can issue an unlimited number of shares.
• Any investor can find a wealth of information on public companies and investment funds in the EDGAR database maintained by the SEC.