March 1, 1990
TO: MEMBERS - ONE PER COMPLEX NO. 9-90
SEC RULES MEMBERS NO. 18-90
DIRECT MARKETING COMMITTEE NO. 6-90
PUBLIC INFORMATION COMMITTEE NO. 4-90
SALES FORCE MARKETING COMMITTEE NO. 6-90
SHAREHOLDER COMMUNICATIONS COMMITTEE NO. 6-90
MARKETING COMMITTEE NO. 5-90
MEMBERS INTERESTED IN PUBLIC INFORMATION NO. 3-90
NEWSLETTER COMMITTEE
RE: SPECIAL INSTITUTE WORKSHOP ON NEWSLETTER GUIDELINES
__________________________________________________________
The Institute is holding a special half-day workshop on the
new guidelines for fund newsletters, which were recently released
by the Division of Investment Management in response to a letter
by the Institute. (See Memorandum to Members-One Per Complex No.
4-90, SEC Rules Members No. 11-90, Direct Marketing Committee No.
4-90, Public Information Committee No. 2-90, Sales Force
Marketing Committee No. 4-90, Shareholder Communications
Committee No. 3-90 and Newsletter Committee, dated February 1,
1990.)
The workshop will be held on Friday, March 30 beginning at
9:00 a.m. at The Grand Hyatt in Washington, D.C. The workshop is
intended for both marketing and compliance employees and will
focus on how to interpret and implement the new guidelines.
Among the topics tentatively scheduled to be covered are: the
contents of material allowed under the various rules under the
Securities Act; segregation and legending requirements; and the
use of non-offering material in newsletters. Examples of
disclosure will be provided.
The panel will be moderated by Stephen K. West, partner,
Sullivan & Cromwell. Other panelists will be Stanley N. Griffith
Senior Legal Counsel, Fidelity Management & Research, Henry H.
Hopkins, Vice President and Legal Counsel-Mutual Funds, T. Rowe
Price Associates and Thomas W. Joseph, Vice President, Scudder
Fund Distributors. All played major roles in drafting the
Institute's guidelines.
The workshop is scheduled to run from 9:00 a.m. to 12:30
p.m. with ample time for questions from attendees throughout. A
buffet lunch will be served afterwards.
Registration is limited to employees of ICI member
investment companies. Please register promptly as space may be
limited. To register, simply complete the form provided and
return it, along with a check for $75 for each registrant, to the
Institute. A registration form is attached.
Please make your own hotel reservations if you need a hotel
room. A block of rooms has been reserved at The Grand Hyatt
under the name of the Investment Company Institute, so mention
our name when you call. The cut off date for reservations is
March 15. The address of the hotel is 1000 H Street, NW,
Washington, D.C. 20001, and the telephone number is 202/582-1234.
For additional information, please call Lynette Mitchell
at 202/293-7700.
Craig S. Tyle
Associate General Counsel
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