October 21, 1994
TO: MEMBERS - ONE PER COMPLEX NO. 82-94
SEC RULES COMMITTEE NO. 114-94
RE: SURVEY OF MEMBER COMPLIANCE WITH RECOMMENDATIONS ON
PERSONAL INVESTING
__________________________________________________________
The SEC's Division of Investment Management has requested that
the Institute report to the Division by December 15, 1994,
regarding the number of funds that are adopting the Institute's
recommendations on personal investing. The Division also requested
a more detailed, follow-up report by April 1, 1995. The Division
has stated that it will consider these reports "in determining
whether to propose that rule 17j-1 be amended to provide uniform
minimum standards for all codes of ethics."
In order to respond to the Division's request by December
15th, the Institute requests that every member complete the
attached survey and fax it to Tom Selman (fax number 202/326-5827)
by November 1, 1994. You may contact Tom at 202/326-5819 if you
have any questions. We do intend to maintain the confidentiality
of individual member responses, but would appreciate being able to
report on as complete an aggregate basis as possible. Thanks for
your assistance in this regard.
Paul Schott Stevens
General Counsel
Attachment