February 19, 1997
TO: COMPLIANCE ADVISORY COMMITTEE No. 4-97
SEC RULES COMMITTEE No. 19-97
RE: INSTITUTE PUBLISHES GUIDE TO FOREIGN MARKETING REGULATIONS
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The Institute frequently receives questions from members on whether they can accept
fund purchase orders from investors, or market US or off-shore funds on a limited basis, in
particular foreign countries. At the suggestion of the International Committee, the Institute has
created a new country-by-country guide to foreign sales, marketing and tax regulations
affecting the private placement of US or off-shore funds in the covered countries. The first
edition of the new guide, which covers 10 countries, was just published. We plan to update the
information in the guide and expand the number of countries it covers annually.
A copy of the Institute’s Guide to Foreign Marketing Regulations was sent recently to the
contact person for your complex. Additional copies are available to members for $150. If you
would like to receive additional copies of the guide, please call Elizabeth Lyons of the Institute
staff at (202) 326-5831.
Mary S. Podesta
Associate Counsel - International