August 10, 1989
TO: ACCOUNTING/TREASURERS COMMITTEE NO. 31-89
SEC RULES COMMITTEE NO. 50-89
CLOSED-END FUND COMMITTEE NO. 34-89
RE: MEETING TO DISCUSS COMMENTS ON PROPOSED REVISIONS
TO FORM N-2
__________________________________________________________
We recently sent you the SEC release proposing revisions to
Form N-2, the registration form for closed-end funds, and the
study by the Office of Economic Analysis of the SEC on closed-end
funds along with the update of the study. (See Memorandum to
Board of Governors No. 46-89, SEC Rules Members No. 38-89,
Closed-End Fund Members No. 36-89 and Accounting/Treasurers
Committee No. 29-89, dated August 8, l989.)
As noted in our memorandum, there are two proposed changes
to Form N-2 which the Commission expects to consider proposing as
amendments to Form N-1A for mutual funds. These proposed changes
concern the requirement that total return data be included in the
per share table and that the identity and background information
of the portfolio manager be included. It would be useful to
obtain your views on these proposals for inclusion in our comment
letter on Form N-2 since the Commission presumably will consider
the comments when deciding whether to propose amendments to Form
N-1A.
We have scheduled a meeting for September 6, l989 at l0:00
a.m. at the Institute to formulate comments on the proposed
revisions to Form N-2. Please indicate on the attached form
whether or not you will be able to attend the meeting and return
the form to the Institute by August 30, l989.
Amy B. Rosenblum
Assistant General Counsel
Attachment