April 1, 1996
TO: COMPLIANCE COMMITTEE No. 7-96
RE: NOTICE OF MEETING ON TUESDAY, MAY 7
______________________________________________________________________________
The next meeting of the Compliance Committee will be held on Tuesday, May 7th, at
10:00 am in the Institutes David Silver Conference Room. Lunch will be served following the
meeting. Among the topics we plan to discuss at the meeting are: (1) Section 17(a) implications
of 5% ownership of voting equity by investment adviser parent and advised funds; (2) draft
compendium of non-1940 Act investment restrictions; (3) use of stolen checks to open fund
accounts; (4) SEC inspections; and (5) recent SEC enforcement proceedings. In addition, the
Institutes outside counsel for antitrust issues will conduct an antitrust compliance update,
consisting of the following: a review of the Institutes antitrust compliance policy; a discussion
of "frequently asked questions" about antitrust laws and compliance practices; and a briefing on
recent Justice Department antitrust actions against trade associations.
Please let Frances Stadler know if there are other issues you would like to discuss at the
meeting. She can be reached at (202) 326-5822 or by fax at (202) 326-5827.
Ellen Metzger
Chairperson
____________________________________________________________________________________
Please detach and return to Elizabeth Lyons (fax no. (202) 326-5827) at the Investment
Company Institute, 1401 H Street, N.W., Washington, D.C. 20005-2148, by May 1, 1996.
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_____ _____ Compliance Committee Meeting
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