August 20, 1992 TO: SEC RULES COMMITTEE NO. 62-92 CLOSED-END FUND COMMITTEE NO. 16-92 RE: DRAFT AGENDA FOR SEPTEMBER 1 MEETING TO DISCUSS SEC PROPOSALS TO PERMIT PERIODIC REPURCHASES AND REDEMPTIONS __________________________________________________________ Attached is a draft agenda...
August 20, 1992 TO: TAX MEMBERS NO. 52-92 ACCOUNTING/TREASURERS MEMBERS NO. 30-92 RE: IRS ISSUES REVENUE PROCEDURE ON VARIOUS ELECTIONS RELATING TO ACCRUAL OF MARKET DISCOUNT __________________________________________________________ The Internal Revenue Service has issued Revenue...
August 20, 1992 TO: YIELD ENHANCEMENT TASK FORCE NO. 4-92 RE: SUPPLEMENTAL SUBMISSION TO NASD __________________________________________________________ Attached is a letter submitted by the Institute to the NASD regarding the Institute’s proposal that a quotation of a fund’s...
August 20, 1992 TO: PENSION COMMITTEE NO. 33-92 RE: INSTITUTE SUBMISSION TO DEPARTMENT OF LABOR REQUESTING INFORMATION LETTER AND ADVISORY OPINION CONCERNING PROHIBITED TRANSACTION EXEMPTIONS __________________________________________________________ Attached is a copy of the...
August 19, 1992 TO: STATE LIAISON COMMITTEE NO. 29-92 UNIT INVESTMENT TRUST COMMITTEE NO. 44-92 RE: NASAA COMMITTEE SEEKS COMMENT ON PROPOSED REVISED FORM USR-1 - INVESTMENT COMPANY ANNUAL REPORTING/RENEWAL FORM __________________________________________________________ Earlier this...
August 19, 1992 TO: BOARD OF GOVERNORS NO. 63-92 MARKETING POLICY COMMITTEE NO. 34-92 SEC RULES MEMBERS NO. 37-92 ACCOUNTING/TREASURERS MEMBERS NO. 29-92 BROKER/DEALER ASSOCIATE MEMBERS NO. 12-92 DIRECT MARKETING COMMITTEE NO. 32-92 SALES FORCE MARKETING COMMITTEE NO. 33-92 PUBLIC...
August 19, 1992 TO: STATE LIAISON COMMITTEE NO. 30-92 SEC RULES COMMITTEE NO. 61-92 TRANSFER AGENT ADVISORY COMMITTEE NO. 46-92 RE: INSTITUTE SUBMITS FOLLOW-UP LETTER TO NASAA COMMITTEE ON TELEPHONE EXCHANGE/REDEMPTION SERVICE __________________________________________________________...
August 18, 1992 TO: BOARD OF GOVERNORS NO. 62-92 SEC RULES COMMITTEE NO. 60-92 CLOSED-END FUND DIVISIONAL COMMITTEE CLOSED-END FUND COMMITTEE NO. 15-92 RE: PROPOSED NEW TYPES OF FUNDS - POLICY ISSUES TO BE CONSIDERED AT SEPTEMBER 1 MEETING _____________________________________________...
August 18, 1992 TO: TAX MEMBERS NO. 51-92 MONEY MARKET MEMBERS - ONE PER COMPLEX NO. 11-92 RE: MASSACHUSETTS EXTENDS PASS-THROUGH TREATMENT OF FEDERAL AND STATE OBLIGATION INTEREST TO RICS ORGANIZED OTHER THAN AS A MASSACHUSETTS BUSINESS TRUST _________________________________________...
August 17, 1992 TO: OPERATIONS COMMITTEE NO. 26-92 SEC RULES COMMITTEE NO. 59-92 TRANSFER AGENT ADVISORY COMMITTEE NO. 45-92 UNIT INVESTMENT TRUST COMMITTEE NO. 43-92 RE: INSTITUTE REQUEST FOR INTERPRETATION OF CONFIRMATION DELIVERY REQUIREMENTS UNDER RULE 10b-10 _____________________...
August 17, 1992 TO: PENSION COMMITTEE NO. 32-92 RE: VIRGINIA RULINGS ON PENSION WITHHOLDING __________________________________________________________ Attached are copies of two rulings by the Commissioner of the Virginia Department of Taxation relating to Virginia’s recently enacted...
August 14, 1992 TO: BOARD OF GOVERNORS NO. 61-92 RE: PROPOSED RESOLUTION EXPRESSING APPRECIATION TO JAMES S. RIEPE __________________________________________________________ Enclosed is a proposed Resolution to be adopted by the Board of Governors in appreciation of all that Jim Riepe...
August 14, 1992 TO: SEC RULES COMMITTEE NO. 58-92 RE: PROPOSED LETTER TO THE SEC REGARDING CHANGES IN EXEMPTIVE PROCEDURES __________________________________________________________ As you may recall, at the Committee’s June 10th meeting the members generally objected to the SEC staff...
August 14, 1992 TO: TAX COMMITTEE NO. 32-92 OPERATIONS COMMITTEE NO. 25-92 TRANSFER AGENT ADVISORY COMMITTEE NO. 44-92 RE: IRS REVENUE PROCEDURE ON USE OF ACCOUNT STATEMENTS TO SUBSTANTIATE FEDERAL TAX DEDUCTIONS __________________________________________________________ The Internal...
August 14, 1992 TO: BOARD OF GOVERNORS NO. 60-92 RE: HOTEL AND DINNER INFORMATION FOR OCTOBER 1, 1992 MEETING __________________________________________________________ The next meeting of the Board of Governors is scheduled for 10:00 am on October 1, 1992 in the South American Room...
August 14, 1992 TO: MEMBERS INTERESTED IN PUBLIC INFORMATION NO. 8-92 PUBLIC INFORMATION COMMITTEE NO. 33-92 DIRECT MARKETING COMMITTEE NO. 31-92 MARKETING POLICY COMMITTEE NO. 33-92 SALES FORCE MARKETING COMMITTEE NO. 32-92 SHAREHOLDER COMMUNICATIONS COMMITTEE NO. 25-92 SMALL FUNDS...
August 14, 1992 TO: INSTITUTIONAL FUNDS COMMITTEE NO. 17-92 BANK INVESTMENT MANAGEMENT MEMBERS NO. 5-92 RE: OPINION IN PENNSYLVANIA CLASS ACTION CONCERNING BANK TRUSTEES’ SWEEP FEES __________________________________________________________ In the attached opinion, the U.S. District...
August 14, 1992 TO: MARKETING POLICY COMMITTEE NO. 32-92 RE: ICI EDUCATION FOUNDATION REPORT __________________________________________________________ In preparation for a discussion at the August 27 Marketing Policy Committee meeting, attached are excerpts from a report prepared by...
August 13, 1992 TO: PENSION MEMBERS NO. 21-92 RE: DEPARTMENT OF LABOR AMNESTY PROGRAM FOR FORM 5500 FILINGS __________________________________________________________ Section 502(c)(2) of ERISA authorizes the Secretary of Labor to assess up to $1,000 a day against plan administrators...
August 13, 1992 TO: DIRECT MARKETING COMMITTEE NO. 29-92 RE: AGENDA FOR SEPTEMBER 17 MEETING __________________________________________________________ Attached for your information is the agenda for the next meeting of the Direct Marketing Committee. The meeting, which will begin...
August 13, 1992 TO: FEDERAL LEGISLATION MEMBERS NO. 6-92 RE: SENATE APPROVES INVESTMENT ADVISER BILL __________________________________________________________ Last night, the Senate passed the "Investment Advisers Oversight Act of 1992." This bill, which was developed with the...
August 13, 1992 TO: INVESTMENT ADVISER MEMBERS NO. 40-92 INVESTMENT ADVISER ASSOCIATE MEMBERS NO. 32-92 COMPLIANCE COMMITTEE NO. 11-92 RE: SEC CENSURES INVESTMENT ADVISER AND ITS PRESIDENT WITH RESPECT TO TRADING ERROR __________________________________________________________ The...
August 13, 1992 TO: BOARD OF GOVERNORS NO. 59-92 MEMBERS - ONE PER COMPLEX NO. 26-92 DIRECT MARKETING COMMITTEE NO. 30-92 OPERATIONS COMMITTEE NO. 24-92 PENSION COMMITTEE NO. 31-92 PUBLIC INFORMATION COMMITTEE NO. 32-92 RESEARCH COMMITTEE NO. 14-92 SALES FORCE MARKETING COMMITTEE NO...
