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SEC RIN: 3235-AH75 Publication ID: Spring 2000 
Title: Role of Independent Directors of Investment Companies 
Abstract: The Commission proposed amendments to rules under the Investment Company Act to enhance the independence and effectiveness of investment company (fund) boards of directors and to better enable shareholders to assess the independence of directors. The Commission also proposed amendments that would require funds to disclose in their proxy statements, annual reports, and registration statements more information regarding fund directors, including, among other things, directors' potential conflicts of interest. 
Agency: Securities and Exchange Commission(SEC)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
CFR Citation: 17 CFR 270.2a19-1    17 CFR 270.2a19-3    17 CFR 270.10f-3    17 CFR 270.12b-1    17 CFR 270.15a-4    17 CFR 270.17a-7    17 CFR 270.17d-1    17 CFR 270.17e-1    17 CFR 270.17g-1    17 CFR 270.18f-3    17 CFR 270.23c-3    ...    17 CFR 270.30d-1    17 CFR 270.31a-2    17 CFR 274.11A    17 CFR 274.11a-1    17 CFR 274.11b    17 CFR 240.14a-101    17 CFR 270.17a-8     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: 15 USC 80a-6(c)    15 USC 80a-8    15 USC 80a-24(a)    15 USC 80a-20(a)    15 USC 80a-29(e)    15 USC 80a-30    15 USC 80a-37    15 USC 78n    15 USC 78w(a)(1)    15 USC 77e    15 USC 77f    15 USC 77g    15 USC 77j    15 USC 77(s)(a)    ...   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  11/03/1999  64 FR 59826   
NPRM Comment Period End  01/28/2000    
Final Action  06/00/2000    
Regulatory Flexibility Analysis Required: Yes  Government Levels Affected: None 
Small Entities Affected: Businesses  Federalism: No 
Included in the Regulatory Plan: No 
Agency Contact:
Robert S. Kim
Office of Regulatory Policy, Division of Investment Management
Securities and Exchange Commission
Phone:202 942-7961