NEW YORK - The SEC this year will finalize its proposed rules that funds invest, under normal market conditions, at least 80 percent of their assets in a manner consistent with the name of the fund, said Paul Roye, director of the SEC's division of investment management.

Roye, last week, spelled out some of the initiatives the SEC will undertake this year, as well as some areas of particular concern at an industry conference on securities products of insurance companies. The Practising Law Institute of New York sponsored the conference.

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