May 14, 1996
TO: CLOSED-END FUND COMMITTEE No. 12-96
INVESTMENT ADVISERS COMMITTEE No. 8-96
SEC RULES COMMITTEE No. 39-96
UNIT INVESTMENT TRUST COMMITTEE No. 21-96
RE: SEC SEMI-ANNUAL REGULATORY AGENDA
______________________________________________________________________________
The Securities and Exchange Commission recently published its semi-annual agenda of
rulemaking actions. A copy of the agenda is attached. Division of Investment Management
items are listed on attached Federal Register pages 24067-68 and summarized on pages 24074-85.
The agenda was compiled on March 1, 1996. The deadline for comments on the agenda is June
30, 1996.
The following items relating to investment companies have been added to the agenda
since it was last updated:
Proposed Rule Stage:
Registration Fees for Certain Investment Companies (proposal of Form 24f-2 UIT to
simplify registration of securities and payment of fees by unit investment trusts and
consideration of technical amendments to Rule 24f-2 and Form 24f-2) (p. 24074)
Deposits of Securities in Securities Depositories (consideration of amendments to expand
the types of permissible depositories under Rule 17f-4) (p. 24077)
Multiple Class Companies (consideration of technical amendments to Rule 18f-3) (p. 24077)
Long-Term Actions:
Repurchase Offers by Closed-End Management Investment Companies; Disclosure of Sales
Charges (consideration of amendment to Rule 23c-3 to permit closed-end interval funds to
impose deferred sales loads) (p. 24083)
The following items have been withdrawn from the Commissions agenda because
the Commission does not expect to consider them within the next 12 months:
Amendments to Proxy Rules for Registered Investment Companies (p. 24084)
Expedited Procedure for Exemptive Orders (p. 24084)
Assignments of Advisory Contracts; Temporary Exemptions (p. 24084)
Certain Research and Development Companies (p. 24084)
Exemption from Disqualification for Certain Affiliated Persons (p. 24085)
Exemption from Certain Filing Requirements for Certain Affiliated Persons of Investment
Advisers (p. 24085)
Frances M. Stadler
Associate Counsel
Attachment