February 11, 1992
TO: SEC RULES COMMITTEE NO. 7-92
ACCOUNTING/TREASURERS COMMITTEE NO. 10-92
RE: ELIMINATION OF UNNECESSARY REGULATION TO PROMOTE CAPITAL
FORMATION
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In President Bush's recent State of the Union address, he
mentioned that one way of promoting capital formation may be to
eliminate or reduce burdensome regulation. He then directed
federal agencies to analyze their current regulations "to weed
out unnecessary and burdensome government regulations." The
Institute has submitted the enclosed letter to the Director of
SEC's Division of Investment Management concerning SEC regulation
of investment companies and is soliciting any additional
suggestions you may have.
Therefore, please provide me or Amy Lancellotta with any
suggestions that you may have for reducing unnecessary regulation
under the federal securities laws by February 21, 1992.
Lawrence A. Rogers
General Counsel