Securities and Exchange Commission July 7, 2005 – Federal Register Recent Federal Regulation Documents

The Commission has considered further its adoption of amendments to rules under the Investment Company Act of 1940 to require investment companies (``funds'') that rely on certain exemptive rules to adopt certain governance practices. The reconsideration responds to a decision by the United States Court of Appeals for the District of Columbia Circuit remanding to us for further consideration two issues raised by the rulemaking.