July 9, 1992 TO: TAX MEMBERS NO. 44-92 ACCOUNTING/TREASURERS MEMBERS NO. 27-92 RE: IRS MODIFIES RECENT REVENUE PROCEDURE FOR APPROVAL TO CHANGE CORPORATION’S ANNUAL ACCOUNTING PERIOD __________________________________________________________ As we previously informed you, earlier this...
July 9, 1992 TO: BOARD OF GOVERNORS NO. 44-92 MARKETING POLICY COMMITTEE NO. 23-92 SEC RULES MEMBERS NO. 30-92 ACCOUNTING/TREASURERS MEMBERS NO. 26-92 BROKER/DEALER ASSOCIATE MEMBERS NO. 10-92 DIRECT MARKETING COMMITTEE NO. 21-92 SALES FORCE MARKETING COMMITTEE NO. 21-92 PUBLIC...
July 9, 1992 TO: TAX MEMBERS NO. 45-92 OPERATIONS MEMBERS NO. 26-92 CLOSED-END FUND MEMBERS NO. 33-92 UNIT INVESTMENT TRUST MEMBERS NO. 42-92 TRANSFER AGENT ADVISORY COMMITTEE NO. 36-92 RE: IRS SEMINARS ON INFORMATION REPORTING _________________________________________________________...
July 9, 1992 TO: TAX COMMITTEE NO. 26-92 OPERATIONS COMMITTEE NO. 19-92 TRANSFER AGENT ADVISORY COMMITTEE NO. 37-92 RE: BACKUP WITHHOLDING ISSUES LIST __________________________________________________________ The IRS’ Information Reporting Program Advisory Committee ("IRPAC"), of...
11/ Rev. Proc. 92-46 supercedes two Revenue Procedures (Nos. 91- 33 and 92-15) previously distributed to Institute members. (See Institute Memoranda to Accounting/Treasurers Committee No. 19-91, Closed-End Fund Members No. 29-91, Operations Members No. 19-91, Pension Members No. 26-91...
July 7, 1992 TO: SMALL FUNDS MEMBERS NO. 12-92 SEC RULES COMMITTEE NO. 45-92 STATE LIAISON COMMITTEE NO. 26-92 UNIT INVESTMENT TRUST COMMITTEE NO. 37-92 RE: FEDERAL APPEALS COURT VACATES INJUNCTION AGAINST FUNDS THAT FAILED TO REGISTER WITH STATES _____________________________________...
July 7, 1992 TO: INVESTMENT ADVISER ASSOCIATE MEMBERS NO. 27-92 RE: Survey Questionaire __________________________________________________________ We would like to update our information on your organization and activities. Please take a few minutes to complete the enclosed survey. Be...
July 7, 1992 TO: PENSION MEMBERS NO. 18-92 OPERATIONS MEMBERS NO. 24-92 TRANSFER AGENT ADVISORY COMMITTEE NO. 33-92 RE: PRESIDENT SIGNS UNEMPLOYMENT COMPENSATION MEASURE INCLUDING PENSION SIMPLIFICATION PROVISIONS __________________________________________________________ On July 3...
July 6, 1992 TO: PENSION MEMBERS NO. 17-92 RE: HOUSE APPROVES TAX BILL INCLUDING PENSION SIMPLIFICATION PROVISIONS __________________________________________________________ The House of Representatives passed a tax bill, H.R. 11, on July 2, 1992 which includes certain of the pension...
July 2, 1992 TO: INVESTMENT ADVISERS COMMITTEE NO. 27-92 STATE LIAISON COMMITTEE NO. 25-92 UNIT INVESTMENT TRUST COMMITTEE NO. 36-92 RE: INSTITUTE RECEPTION AT NASAA FALL CONFERENCE IN NEW ORLEANS __________________________________________________________ PLEASE MARK YOUR CALENDARS...
July 2, 1992 TO: PENSION COMMITTEE NO. 23-92 RE: FURTHER PROPOSED REVISIONS TO NONDISCRIMINATION REGULATIONS __________________________________________________________ Attached are copies of IRS Notices 92-31 and 92-32, which propose changes to the final regulations under sections 401...
July 2, 1992 TO: BOARD OF GOVERNORS NO. 43-92 TAX MEMBERS NO. 42-92 ACCOUNTING/TREASURERS MEMBERS NO. 25-92 CLOSED-END FUND MEMBERS NO. 31-92 OPERATIONS MEMBERS NO. 23-92 UNIT INVESTMENT TRUST MEMBERS NO. 41-92 TRANSFER AGENT ADVISORY COMMITTEE NO. 32-92 RE: HOUSE APPROVES REVENUE ACT...
July 2, 1992 TO: STATE LIAISON COMMITTEE NO. 24-92 RE: INSTITUTE SUBMITS COMMENTS ON OHIO PROPOSAL TO INCREASE HOLDINGS IN RESTRICTED SECURITIES __________________________________________________________ The Ohio Securities Division recently proposed an amendment to Rule 1301:6-3-09(E...
July 1, 1992 TO: PENSION COMMITTEE NO. 22-92 RE: INSTITUTE SUBMISSION CONCERING REGULATORY BURDEN REDUCTION INITIATIVE __________________________________________________________ Attached is a copy of the Institute’s submission to the IRS in response to the regulatory burden reduction...
July 1, 1992 TO: STATE LIAISON COMMITTEE NO. 23-92 UNIT INVESTMENT TRUST COMMITTEE NO. 35-92 RE: NASAA COMMITTEE ISSUES PROPOSED MODEL INVESTMENT COMPANY REGISTRATION AND REPORTING PROCEDURES FOR COMMENT __________________________________________________________ As we previously...
July 1, 1992 TO: SUBCOMMITTEE ON ADVERTISING NO. 9-92 RE: MEETING NOTICE - JULY 23, 1992 __________________________________________________________ The Subcommittee on Advertising will have its next meeting on July 23, 1992 at 10:00 a.m. At the meeting, we will discuss the...
July 1, 1992 TO: TAX COMMITTEE NO. 25-92 RE: MEMORANDUM ON MERGERS OF C CORPORATIONS INTO RICs __________________________________________________________ As you may know, the Internal Revenue Service (Service) announced at a meeting of the American Bar Association’s Regulated...
July 1, 1992 TO: ACCOUNTING/TREASURERS COMMITTEE NO. 31-92 RE: SURVEY OF BOOK/TAX DIFFERENCES EXPERIENCE __________________________________________________________ Enclosed is a survey which was developed to assess the nature and extent of book/tax differences experienced by mutual...
July 1, 1992 TO: DIRECT MARKETING COMMITTEE NO. 20-92 PUBLIC INFORMATION COMMITTEE NO. 23-92 SALES FORCE MARKETING COMMITTEE NO. 20-92 SMALL FUNDS COMMITTEE NO. 6-92 RE: SPEAKING OPPORTUNITIES AVAILABLE __________________________________________________________ As you know, the...
July 1, 1992 TO: PENSION MEMBERS NO. 16-92 RE: IRS REVENUE RULING CONCERNING TAXATION OF LUMP SUM DISTRIBUTION FROM IRA TO NON-SPOUSE BENEFICIARY __________________________________________________________ Attached is a copy of Revenue Ruling 92-47, which explains the federal income...
11 The last representation is clearly intended to prevent a RIC from meeting the 30 percent test of Code section 851(b)(3) by reimbursing a portion of the investment advisory fee in order to lower the percentage of income derived from the sale of securities held for less than three...
June 30, 1992 TO: COMPLIANCE COMMITTEE NO. 8-92 RE: NASD SUGGESTS ITEMS FOR INCLUSION IN WRITTEN SUPERVISORY PROCEDURES __________________________________________________________ In the June NASD Regulatory & Compliance Alert, the NASD included a list of items that members should...
June 29, 1992 TO: SMALL FUNDS MEMBERS NO. 11-92 RE: SMALL FUNDS CONFERENCE - OCTOBER 22-23, 1992 __________________________________________________________ You are cordially invited to attend the annual Small Funds* Conference which is scheduled for October 22-23, 1992 at the Kiawah...
