ROYE REVIEWS SEC's MUTUAL FUND REGULATORY AGENDA

July 2000

ROYE REVIEWS SEC's MUTUAL FUND REGULATORY AGENDA

June 14, 2001

Paul Roye, the director of the SEC's Division of Investment Management, in a speech at an ALI-ABA conference reviewed the reviewed some of the major issues that are likely to be on the Commission's agenda in the coming weeks and months, which include:

Valuation;
Portfolio Pumping and Window Dressing;
Conflicts Generated by New Business Opportunities (Including Private Account and Hedge Fund Business Operated At Mutual Fund Complexes);
Improving Shareholder Communications;
Improving Shareholder Communications;
Advertising;
New Products and Technologies (Including Web-Based Products and Exchange-Traded Funds); and
Affiliated Transactions.

Mr. Roye also gave an overview of the regulation of investment companies.

To access a copy of Mr. Roye's speech, click http://www.sec.gov/news/speech/spch500.htm