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U.S. Securities and Exchange Commission

Commission Announces Agenda for June 19th Roundtable on Rule 12b-1


Washington, D.C., June 12, 2007 - The Securities and Exchange Commission today announced the panelists and final agenda for the June 19th Roundtable on Rule 12b 1 under the Investment Company Act of 1940. Rule 12b-1 permits mutual funds to use fund assets to pay for the sale of fund shares and other distribution-related activities.

The roundtable will consist of panels addressing

  • the historical circumstances that led to the adoption of Rule 12b-1, and the original intended purpose of the rule;
  • the evolution of the uses of Rule 12b-1 and the rule's current role in fund distribution practices;
  • the costs and benefits of the current use of Rule 12b-1; and
  • the options for reform or rescission of Rule 12b-1.

The agenda and the list of panelists can be found at http://www.sec.gov/spotlight/rule12b-1/rule12bagenda-061907.htm. Additional materials related to the roundtable are available at http://www.sec.gov/spotlight/rule12b-1.htm.

The roundtable will begin at 9:00 a.m., and will be held in the Auditorium at the Commission's headquarters at 100 F Street, N.E., Washington, D.C. The roundtable will be open to the public with seating on a first-come, first-served basis. Doors will open at 8:30 a.m., and visitors will be subject to security checks. The roundtable also will be available by webcast on the Commission's Web site at www.sec.gov.

Although only a limited number of individuals can participate at the roundtable, the Commission encourages all interested persons to provide their views on the questions raised in the agenda, the issues discussed at the roundtable, or on any other issue relating to the use of fund assets to pay for the sale of fund shares. Of particular interest to the Commission are ideas for alternative regulatory approaches to the issues raised by rule 12b-1.

Please submit your comments by July 19, 2007. The information that is submitted will become part of the public record of the roundtable. Submissions to the Commission may be provided by any of the following methods:

Electronic submissions:

Paper submissions:

  • Send paper submissions in triplicate to Nancy M. Morris, Secretary, Securities and Exchange Commission, 100 F Street, N.E., Washington, DC 20549-1090.

All submissions should refer to File Number 4-538. This file number should be included on the subject line if e-mail is used. To help process and review your submissions more efficiently, please use only one method. The Commission will post all submissions on the Commission's web site at http://www.sec.gov/comments/4-538/4-538.shtml.

Please note that all submissions received will be posted without change; the SEC does not edit personal identifying information from submissions. You should submit only information that you wish to make available publicly.



Modified: 06/12/2007