SEC Requests Comment on Proposed Rules For Related Performance Information

Washington, DC, November 16, 2000 - The Securities and Exchange Commission has published for comment NASD Regulation, Inc.’s proposed new Interpretive Material 2210-5 and conforming amendments to existing Rule 2210 and IM-2210-2 to permit certain types of related performance information in mutual fund and variable product sales material. In particular, the performance of another mutual fund previously managed by the advertised fund’s portfolio manager would not be allowed in fund sales material under the proposal. Comments on the proposal must be filed with the SEC by December 26, 2000. The Institute submitted a comment letter to the NASDR in 1997 on related performance issues.