March 4, 1997
TO: COMPLIANCE ADVISORY COMMITTEE No. 7-97
RE: SOFT DOLLAR ARRANGEMENTS
______________________________________________________________________________
At last weeks meeting of the Compliance Advisory Committee, the Committee discussed issues
related to soft dollar arrangements and, in particular, the soft dollar "sweep" examinations of mutual
funds and investment advisers that the SEC staff is conducting. It was suggested that the Institute
circulate to Committee members a copy of the information request form that the staff is using in
connection with these examinations. A copy of such a request form is attached.
In addition, attached for your information is a copy of a memorandum the Institute recently sent
to the primary contact person at each member firm concerning soft dollar arrangements. The attachment
to that memorandum is a list of questions, prepared by outside counsel to the Institute, that mutual funds
and investment advisers may wish to consider in connection with any soft dollar arrangements.
Frances M. Stadler
Associate Counsel
Attachments (in .pdf format)