March 9, 1989
TO: CLOSED-END FUND MEMBERS NO. 15-89
INVESTMENT ADVISERS COMMITTEE NO. 12-89
STATE LIAISON COMMITTEE NO. 1-89
UNIT INVESTMENT TRUST COMMITTEE NO. 11-89
RE: 1989 SEC/NASAA ANNUAL CONFERENCE ON UNIFORMITY OF SECURITIES
LAW
__________________________________________________________
On April 26, 1989, the Securities and Exchange Commission
and the North American Securities Administrators Association,
Inc. will hold a conference on uniformity in matters concerning
state and federal regulation of securities. On April 7, the SEC
and NASAA will hold a hearing on the proposed agenda for the
conference. A copy of the release announcing the issues to be
considered at the conference is attached.
The agenda items relating to investment companies are as
follows:
(i) uniform disclosure requirements;
(ii) Blue Sky laws; and
(iii) use of company assets to pay for distribution
expenses (Rule 12b-1).
The agenda items relating to investment adviser issues
include the following:
(i) proposed federal registration exemptions;
(ii) central registration depository system;
(iii) investment adviser registration form;
(iv) inspections; and
(v) self-regulatory organization for investment
advisers.
As usual, the Institute intends to comment on the proposed
agenda. If you have any comments you would like us to include,
please submit them to the undersigned by Friday, March 24, 1989.
Robert L. Bunnen, Jr.
Assistant General Counsel
Attachment