July 20, 1995
TO: BOARD OF GOVERNORS No. 58-95
CLOSED-END FUND COMMITTEE No. 36-95
SEC RULES COMMITTEE No. 83-95
UNIT INVESTMENT TRUST COMMITTEE No. 57-95
RE: INSTITUTE PROPOSALS TO IMPROVE INVESTMENT COMPANY
REGULATION
______________________________________________________________________________
The Institute is pleased to enclose the attached submission to the Division of Investment
Management which proposes a variety of significant improvements in investment company regulation.
The InstituteGs recommendations cover a comprehensive field, including the profile prospectus,
shareholder reporting, affiliated transactions, foreign subcustodians, voting requirements, and unit
investment trust regulation.
We are urging the Commission to advance the rulemaking process on each of the InstituteGs
recommendations as soon as possible.
Paul Schott Stevens
General Counsel
Attachment (in .pdf format)