July 22, 1992 TO: BOARD OF GOVERNORS NO. 46-92 SEC RULES COMMITTEE NO. 48-92 BANK INVESTMENT MANAGEMENT MEMBERS NO. 2-92 RE: FED ADOPTS RULE PERMITTING BANK AFFILIATES TO BROKER AND RECOMMEND MUTUAL FUNDS ADVISED BY AFFILIATES __________________________________________________________...
July 22, 1992 TO: PENSION COMMITTEE NO. 25-92 RE: STATE LAW RESTRICTIONS UPON INVESTMENTS IN SECTION 403(b)(7) CUSTODIAL ACCOUNTS __________________________________________________________ The Institute is conducting a survey to identify states whose laws do not permit state employees...
July 21, 1992 TO: MEMBERS INTERESTED IN PUBLIC INFORMATION NO. 7-92 PUBLIC INFORMATION COMMITTEE NO. 27-92 DIRECT MARKETING COMMITTEE NO. 25-92 MARKETING POLICY COMMITTEE NO. 27-92 SALES FORCE MARKETING COMMITTEE NO. 25-92 SHAREHOLDER COMMUNICATIONS COMMITTEE NO. 20-92 SMALL FUNDS...
July 21, 1992 TO: SEC RULES MEMBERS NO. 31-92 UNIT INVESTMENT TRUST MEMBERS NO. 43-92 COMPLIANCE COMMITTEE NO. 9-92 RE: SEC ADOPTS TEMPORARY BROKER-DEALER RISK ASSESSMENT RULES __________________________________________________________ The Securities and Exchange Commission has...
July 20, 1992 TO: INTERNATIONAL MEMBERS NO. 16-92 INVESTMENT ADVISER MEMBERS NO. 36-92 RE: DISCLOSURE REQUIREMENTS IMPOSED BY JAPANESE LAW ON LARGE SHAREHOLDERS __________________________________________________________ As previously reported, Japan’s "5 Percent" Rule imposes...
July 17, 1992 TO: TAX COMMITTEE NO. 27-92 UNIT INVESTMENT TRUST COMMITTEE NO. 40-92 RE: GEORGIA REFUSES TO DROP INTANGIBLES TAX ON INTERESTS IN UITS WHICH HOLD U.S. GOVERNMENT OBLIGATIONS __________________________________________________________ Earlier this year, at the request of...
July 17, 1992 TO: DIRECT MARKETING COMMITTEE NO. 24-92 PUBLIC INFORMATION COMMITTEE NO. 26-92 SALES FORCE MARKETING COMMITTEE NO. 24-92 RE: NEWSPAPER LISTINGS OF MUTUAL FUND PRICES __________________________________________________________ TEXT IN "home6/rebecca/wp/EKLETTERS/listings...
July 17, 1992 TO: MEMBERS - ONE PER COMPLEX NO. 21-92 OPERATIONS MEMBERS NO. 27-92 DIRECT MARKETING COMMITTEE NO. 23-92 MARKETING POLICY COMMITTEE NO. 26-92 RESEARCH COMMITTEE NO. 10-92 SALES FORCE MARKETING COMMITTEE NO. 23-92 SHAREHOLDER COMMUNICATIONS COMMITTEE NO. 19-92 SMALL...
July 16, 1992 TO: STATE LIAISON COMMITTEE NO. 27-92 UNIT INVESTMENT TRUST COMMITTEE NO. 39-92 RE: UPDATE ON SRD DEVELOPMENT __________________________________________________________ As you know, last year the North American Securities Administrators Association ("NASAA") initiated a...
July 16, 1992 TO: INVESTMENT ADVISER MEMBERS NO. 35-92 INVESTMENT ADVISER ASSOCIATE MEMBERS NO. 28-92 RE: REVISED UTAH INVESTMENT ADVISER AND INVESTMENT ADVISER REPRESENTATIVE LICENSING REQUIREMENTS __________________________________________________________ As you may recall, the Utah...
July 16, 1992 TO: SEC RULES COMMITTEE NO. 47-92 RE: DRAFT INSTITUTE LETTER ON PROPOSED EXEMPTIVE RULE FOR ASSET-BACKED ARRANGEMENTS __________________________________________________________ As we previously informed you, the SEC has proposed Rule 3a-7 under the Investment Company Act...
July 16, 1992 TO: BOARD OF GOVERNORS NO. 45-92 MEMBERS - ONE PER COMPLEX NO. 20-92 DIRECT MARKETING COMMITTEE NO. 22-92 PUBLIC INFORMATION COMMITTEE NO. 25-92 RESEARCH COMMITTEE NO. 9-92 SALES FORCE MARKETING COMMITTEE NO. 22-92 SHAREHOLDER COMMUNICATIONS COMMITTEE NO. 18-92 MARKETING...
July 15, 1992 TO: MARKETING POLICY COMMITTEE NO. 24-92 RE: MEETING NOTICE, THURSDAY, AUGUST 27, 1992 __________________________________________________________ The next meeting of the Marketing Committee will be held at the Institute offices in Washington, DC at 10:00 am on Thursday...
July 15, 1992 TO: INTERNATIONAL MEMBERS NO. 15-92 RE: CONFERENCE ON STRENGTHENING LATIN AMERICAN CAPITAL MARKETS __________________________________________________________ The Institute of the Americas, a non-profit organization devoted to issues confronting Western Hemisphere...
July 15, 1992 TO: CONTRACTUAL PLANS COMMITTEE NO. 11-92 RE: UPDATE ON STATES ADOPTING NASAA GUIDELINES __________________________________________________________ The Institute contacted the NASAA Liaison to the investment company industry to discuss the problem of adoption of the...
July 14, 1992 TO: MONEY MARKET FUNDS AD HOC COMMITTEE NO. 8-92 SECONDARY MARKET DISCLOSURE TASK FORCE RE: DRAFT DISCLOSURE GUIDELINES FOR TAX-EXEMPT MONEY MARKET INSTRUMENTS __________________________________________________________ As you may recall, the Institute recently...
July 13, 1992 TO: INVESTMENT ADVISERS COMMITTEE NO. 30-92 VIRGINIA INVESTMENT ADVISER ASSOCIATE MEMBERS RE: INSTITUTE COMMENT LETTER ON VIRGINIA PROPOSED AMENDMENTS TO INVESTMENT ADVISER RULES __________________________________________________________ As we previously informed you...
July 13, 1992 TO: STATE SECURITIES MEMBERS NO. 34-92 SEC RULES COMMITTEE NO. 46-92 TRANSFER AGENT ADVISORY COMMITTEE NO. 38-92 RE: INSTITUTE SUBMISSION TO NASAA COMMITTEE ON FUND LIABILITY FOR TELEPHONE TRANSACTIONS __________________________________________________________ The...
July 13, 1992 TO: INVESTMENT ADVISERS COMMITTEE NO. 29-92 DISTRICT OF COLUMBIA INVESTMENT ADVISER ASSOC. MEMBERS RE: INSTITUTE STATEMENT ON PROPOSED DISTRICT OF COLUMBIA INVESTMENT ADVISER LEGISLATION __________________________________________________________ As we previously informed...
July 13, 1992 TO: PENSION COMMITTEE NO. 24-92 RE: MEETING CONCERNING PENSION PROVISIONS OF UNEMPLOYMENT COMPENSATION AMENDMENTS __________________________________________________________ A meeting has been scheduled for Wednesday, July 22 at 1:00 p.m. to discuss operational and...
July 13, 1992 TO: PENSION MEMBERS NO. 20-92 RE: PRIVATE LETTER RULING CONCERNING TRANSFER FROM QUALIFIED PLAN TO IRA __________________________________________________________ Attached is a copy of IRS Private Letter Ruling 9226076, which addresses the tax consequences of terminating...
July 10, 1992 TO: EMPLOYEES’ COMP., BENEFITS & RET. ADV. COMMITTEE NO. 2-92 RE: MEETING ON JULY 16, 1992 __________________________________________________________ The meeting on July 16, 1992 will take place at 7:30 am in the Presidents’ Room at the University Club, 1135 16th Street...
July 10, 1992 TO: INTERNATIONAL MEMBERS NO. 14-92 RE: INTERNATIONAL DEVELOPMENTS IN INVESTMENT COMPANY TAXATION __________________________________________________________ This memorandum summarizes recent international tax developments regarding investment company taxation. 1...
July 9, 1992 TO: BROKER/DEALER ADVISORY COMMITTEE NO. 22-92 FUND/SERV PARTICIPANTS RE: PENDING BROKER REGISTRATION/FUND ACKNOWLEDGEMENT STATUS REPORT __________________________________________________________ Enclosed is a copy of the Registration Status Report as of June 30, 1992...
July 9, 1992 TO: STATE SECURITIES MEMBERS NO. 33-92 TRANSFER AGENT ADVISORY COMMITTEE NO. 34-92 RE: VERMONT COMMENTS ON FUND LIABILITY FOR TELEPHONE TRANSACTIONS __________________________________________________________ The Vermont Securities Division recently began issuing comments...
