November 2, 1993
TO: SEC RULES COMMITTEE NO. 99-93
RE: INSTITUTE TO FORM TASK FORCE TO REVIEW BONDING REQUIREMENTS
__________________________________________________________
At the SEC Rules Committee meeting, the Institute was asked to consider
approaching the Division of Investment Management with recommendations to amend
the bonding requirements pursuant to Rule 17g-1 of the 1940 Act.
The Institute is forming a Task Force to formulate possible
recommendations, including, (1) the treatment of series funds, (2) the treatment
of master/feeder funds, and (3) revisions to the schedule of minimum limits at
17g-1(d)(1). Please contact me at 202/955-3517 by Friday, November 19, 1993 if
you would like to participate on the Institute’s Task Force. We hope to schedule
the first meeting of the Task Force in mid-December.
Patricia Louie
Associate Counsel