* SEC Release No. IC-23670 (January 28, 1999).
[10680]
January 28, 1999
TO: CLOSED-END INVESTMENT COMPANY MEMBERS No. 7-99
COMPLIANCE ADVISORY COMMITTEE No. 3-99
INTERNATIONAL MEMBERS No. 4-99
SEC RULES MEMBERS No. 13-99
RE: SEC EXTENDS COMPLIANCE DATE FOR RULE 17f-5 AMENDMENTS
______________________________________________________________________________
The Securities and Exchange Commission has extended the compliance date for the 1997
amendments to Rule 17f-5 under the Investment Company Act of 1940, except for the definition of an
“eligible foreign custodian,” from February 1, 1999 to May 1, 1999.* The extension of the compliance
date is intended to provide the staff with additional time to consider whether to recommend that the
Commission propose further amendments to Rule 17f-5, as requested by the Institute. A copy of the
Commission’s release extending the compliance date is attached.
Amy B.R. Lancellotta
Senior Counsel
Attachment
Note: Not all recipients of this memo will receive an attachment. If you wish to obtain a copy of the
attachment referred to in this memo, please call the Institute's Library Services Division at (202)326-
8304, and ask for this memo's attachment number: 10680.