SAN DIEGO, Calif. - The Securities and Exchange Commission in November will adopt corporate governance regulations to strengthen the role of independent directors, an SEC official told attendees of the Investment Company Institute's tax and accounting conference here last week. The SEC had initially said it would issue new regulations in the summer.

In addition, the SEC will issue a Dear CFO letter to fund companies this fall providing new guidance on a broad range of accounting issues ranging from the allocation of shares of initial public offerings and the information that must be included in fee tables to how expenses are determined, said Barry Miller, associate director of the division of investment management of the SEC.

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