With the compliance deadline for after-tax performance reporting rapidly approaching, the Investment Company Institute is meeting today with technology vendors and fund companies to review reporting methodologies, said John Collins, an ICI spokesman

The purpose of the meeting is to insure that vendors and ICI members are using uniform after-tax reporting and calculation methodologies, he said. The ICI is concerned that varying methodologies could create different performance results depending on the vendor.

Fund companies must cite after-tax figures in advertisements beginning next month and all firms must issue after-tax performance numbers starting in February. In order to comply with the new regulations, firms have enlisted technology vendors like Morningstar, Lipper and Confluence Technologies to help them calculate figures.

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