Proposed Amendments to Conduct Rule 2830
Published on:
October 14, 1997
The Investment Company Committee of the Securities Industry Association (SIA)* provides comments to the National Association of Securities Dealers Regulation, Inc. (NASDR) on proposed amendments to Conduct Rule 2830, Notice to Members 97-48. The proposed amendments, among other things, would place caps on fund sales loads in a fund of funds context, specify a first in-first out liquidation requirement with respect to funds subject to contingent deferred sales load (CDSL) and eliminate duplication of certain Rule 12b-1 fee disclosure.
*SIFMA is the product of a merger between the Securities Industry Association (SIA) and The Bond Market Association (TBMA) in 2006.