The SEC's recent proposals to reform the way that mutual funds pay for distribution have prompted the various law firms counseling advisers, fund boards, service providers, and other fund industry participants to provide their clients with distillations and discussions of the Commission's proposals. Many, if not most, fund directors likely have already received an alert from their counsel on the topic. But reading through the various alerts and bulletins from the different firms may provide added perspective.
Forum News Feed has collected a number of the client memos and alerts on the Rule 12b-1 proposals from some of the major firms servicing the fund industry, and provides the links below for easy and convenient access.
Bingham McCutchen: http://www.bingham.com/Media.aspx?MediaID=11094
Shearman & Sterling: http://www.shearman.com/files/Publication/9a88dc36-e0bf-490b-bb31-a9b18b5f5704/Presentation/PublicationAttachment/ad9dddb0-3df8-4dc1-a8b8-457f0a9530ad/AM-072810-In-Rule-12b-1-Overhaul-SEC-Proposes-Dramatic-Changes.pdf