January 24, 1992
TO: TRANSFER AGENT ADVISORY COMMITTEE NO. 5-92
RE: MEETING ON SIGNATURE GUARANTEE RULE - JANUARY 31, 1992
__________________________________________________________
By now you should have received (or should soon receive) an
ICI memo mailed on Tuesday of this week announcing adoption of
the SEC's rule proposal regarding acceptance of signature
guarantees (memo to SEC Rules Members No. 2-92, Operations
Members No. 2-92, Transfer Agent Advisory committee No. 2-92
dated January 17, 1992). There are many problems and issues that
confront mutual funds and their transfer agents in connection
with compliance with this new rule, which becomes effective on
February 24, 1992. A special meeting will be held on Friday of
next week (January 31) to identify these problems and consider
possible solutions and approaches to compliance. The meeting
will begin at 10:00 a.m. in the 6th Floor conference room of the
Investment Company Institute, 1600 M Street N.W., Washington,
D.C. 20036. Lunch will be provided.
Please let us know whether you will attend this meeting
by calling either:
Rita Pemberton, 202/955-3551,
Kathy Joaquin, 202/955-3585, or
Don Boteler, 202/955-3552
You may also respond by fax (202/293-1058) to Rita
Pemberton. Please respond as soon as possible and give us the
name of your designee if you will not attend personally. We must
hear from you by Tuesday, January 28 if you plan to attend.
Thank you in advance for your prompt response.
Donald J. Boteler
Assistant Vice President -
Operations