1 See Institute Memorandum to Closed-End Investment Company Members No. 3-98, SEC Rules Members No. 9-98
and Unit Investment Trust Members No. 4-98, dated February 5, 1998.
[9719]
February 27, 1998
TO: PRIMARY CONTACTS - MEMBER COMPLEX No. 11-98
CLOSED-END INVESTMENT COMPANY MEMBERS No. 5-98
SEC RULES MEMBERS No. 15-98
UNIT INVESTMENT TRUST MEMBERS No. 6-98
COMPLIANCE ADVISORY COMMITTEE No. 6-98
RE: DISCLOSURE REFORM CONFERENCE SCHEDULED FOR APRIL 23
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In anticipation of the Securities and Exchange Commissions adoption of (1)
amendments to Form N-1A, and (2) a rule permitting the use of mutual fund "profiles" as
offering documents, and in view of the SECs recent adoption of "plain English" disclosure
requirements,1 the Investment Company Institute has scheduled a special one-day Disclosure
Reform Conference. The conference will be held on Thursday, April 23, 1998, at the
Renaissance Mayflower Hotel in Washington, D.C. A preliminary agenda and registration
form for the conference are attached.
Three panels comprised of industry leaders and staff members from the SECs Division
of Investment Management will focus their discussions on Revised Form N-1A, Plain English
Prospectus Disclosure and Fund Profiles, respectively. A question and answer period will
follow each panel presentation.
We urge you to return the registration form to the Institute as soon as possible and to
call the Renaissance Mayflower Hotel (202/347-3000) to make your reservations by the hotels
cut-off date, April 1, 1998, to obtain a preferred room rate of $199. Be sure to mention that you
will be attending the Institutes conference. We will send a more detailed conference program
to you as soon as it is available.
It may be of interest to some of you that the Institutes Operations and Training
Department is sponsoring a one-day conference on April 22, also at the Renaissance Mayflower
Hotel, entitled "Exploring Capacity Planning Issues in the Mutual Fund
Industry." It will explore how mutual fund organizations can prepare for and manage
transaction and service-volume uncertainty and volatility. If you have questions about either
program, please call the Institutes Conference Division at 202/326-5968.
Susan S. Burgess
Legal Assistant
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