January 8, 1992
TO: MONEY MARKET FUNDS AD HOC COMMITTEE NO. 1-92
RE: JANUARY 30 MEETING TO DISCUSS TECHNICAL ISSUES UNDER
RULE 2a-7
__________________________________________________________
As we previously informed you, at the November 6 meeting of
the ad hoc committee it was decided that the Institute should not
yet submit to the SEC staff a letter on technical issues under
Rule 2a-7 of the Investment Company Act, partly out of concern
that it would be detrimental to get an unfavorable response to
several of the issues raised by members. In addition, the
committee felt that several of the issues were already adequately
dealt with under the Rule. Instead, it was suggested that the
committee should meet to discuss the technical issues that funds
have identified under the Rule, which would provide a forum for
members to exchange their views on the interpretation of these
issues. (See Memorandum to Money Market Funds Ad Hoc Committee
No. 28-91, dated November 8, 1991). If after that meeting there
are issues that the committee believes should be addressed by the
staff, the Institute will submit a letter to the staff at that
time.
The Institute has scheduled a meeting for January 30, 1992
to discuss technical issues under Rule 2a-7. The meeting will be
held at the Institute in the David Silver Conference Room (6th
Floor) and will begin at 10:00 a.m.
Attached is a list of technical issues that have been
raised under Rule 2a-7 that will be discussed at the meeting.
Please let me know if there are any additional issues that you
would like me to include on the agenda.
Please contact Kimberly Henley at 202/955-3515 by January
24, 1992 to let her know whether you will be attending the
meeting.
Amy B.R. Lancellotta
Associate General Counsel
Attachment