The Investment Company Institute has recommended the SEC tweak proposed rules which would enable fund companies to send only one copy of a proxy statement to a household whose members own the same fund in more than one account.

The SEC should change the so-called house-holding rule for proxy statements so that two details of the proposal are consistent with a similar rule the SEC adopted Nov. 5 for prospectuses and shareholder reports, Kathy D. Ireland, associate counsel of the ICI, said in a Jan. 18 letter to the SEC. The changes would make it easier for funds to cut expenses that ultimately are passed along to shareholders, Ireland said.

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