May 27, 1992 TO: PENSION MEMBERS NO. 11-92 RE: IRS ALLOWS SIMPLIFIED METHOD OF AMENDING PROTOTYPE PLANS __________________________________________________________ Attached is a copy of Revenue Procedure 92-41, which provides a simplified method by which prototype sponsors that...
May 27, 1992 TO: INVESTMENT ADVISERS COMMITTEE NO. 23-92 RE: SENATE BANKING COMMITTEE APPROVES INVESTMENT ADVISER BILL __________________________________________________________ As we previously reported, the "Investment Adviser Oversight Act of 1992" (S. 2266) had been introduced in...
May 26, 1992 TO: STATE LIAISON COMMITTEE NO. 21-92 RE: SEC STAFF REPORT ISSUED ON INVESTMENT COMPANY REGULATION __________________________________________________________ As you know, two years ago the Securities and Exchange Commission undertook a review of the regulation of...
May 26, 1992 TO: CONTRACTUAL PLANS COMMITTEE NO. 10-92 RE: NOTIFICATION OF STATES ADOPTING NASAA GUIDELINES __________________________________________________________ At the Contractual Plans Committee meeting held on May 20th, it was determined that the Institute would notify plan...
May 26, 1992 TO: STATE SECURITIES MEMBERS NO. 26-92 RE: INDIANA APPLYING CSAC EXPENSE LIMITATIONS __________________________________________________________ The Institute has been advised by certain of its members that the Indiana Securities Division has been applying the expense...
May 26, 1992 TO: BOARD OF GOVERNORS NO. 38-92 SEC RULES MEMBERS NO. 20-92 CLOSED-END FUND MEMBERS NO. 26-92 RE: SEC APPROVES AMENDMENT TO NYSE PROXY VOTING REQUIREMENTS FOR INITIAL APPROVAL OF MANAGEMENT AGREEMENT __________________________________________________________ The...
May 20, 1992 TO: INTERNATIONAL COMMITTEE NO. 12-92 RE: ONTARIO SECURITIES COMMISSION ADOPTS POLICY NO. 4.8 ON NON-RESIDENT ADVISERS __________________________________________________________ On May 5, the Ontario Securities Commission released Policy No. 4.8, which sets out the...
May 20, 1992 TO: BOARD OF GOVERNORS NO. 37-92 SEC RULES MEMBERS NO. 19-92 CLOSED-END FUND MEMBERS NO. 25-92 INVESTMENT ADVISER MEMBERS NO. 23-92 SMALL FUNDS MEMBERS NO. 8-92 UNIT INVESTMENT TRUST MEMBERS NO. 33-92 RE: SEC ISSUES STAFF REPORT ON INVESTMENT COMPANY REGULATION __________...
May 26, 1992 TO: SEC RULES COMMITTEE NO. 36-92 RE: DRAFT INTERPRETIVE REQUEST REGARDING MONTHLY CONFIRMATION OF TRANSACTIONS IN SHARES OF MONEY MARKET FUNDS WITH 12b-1 FEES __________________________________________________________ Attached for your review is a draft letter to the...
May 19, 1992 TO: STATE SECURITIES MEMBERS NO. 25-92 RE: UPDATE ON HIGH YIELD BOND FUND DISCLOSURE IN ARIZONA AND TEXAS __________________________________________________________ As you know, certain states are requiring additional cover page disclosure for high yield bond funds. The...
May 19, 1992 TO: PENSION COMMITTEE NO. 19-92 RE: PROPOSED SUBSTANTIATION GUIDELINES UNDER NONDISCRIMINATION RULES __________________________________________________________ Attached is a copy of IRS Announcement 92-81, which contains a proposed revenue procedure which would simplify...
May 19, 1992 TO: BOARD OF GOVERNORS NO. 36-92 CLOSED-END FUND MEMBERS NO. 24-92 INVESTMENT ADVISER MEMBERS NO. 22-92 SEC RULES MEMBERS NO. 18-92 SMALL FUNDS MEMBERS NO. 7-92 UNIT INVESTMENT TRUST MEMBERS NO. 32-92 RE: INSTITUTE CONFERENCE ON REFORM OF THE REGULATION OF INVESTMENT...
May 19, 1992 TO: SEC RULES COMMITTEE NO. 35-92 RE: SPECIAL MEETING TO REVIEW SEC 1940 ACT STUDY JUNE -- 10 __________________________________________________________ A special meeting of the SEC Rules Committee will be held on June 10 to review the Division of Investment Management’s...
May 18, 1992 TO: BOARD OF GOVERNORS NO. 34-92 INVESTMENT ISSUES COMMITTEE NO. 7-92 TASK FORCE ON GOVERNMENT SECURITIES MARKETS RE: HOUSE SUBCOMMITTEE FAVORABLY REPORTS THE "GOVERNMENT SECURITIES REFORM ACT OF 1992" __________________________________________________________ The...
May 18, 1992 TO: INVESTMENT ADVISERS COMMITTEE NO. 22-92 RE: UPCOMING NASAA COMMITTEE MEETING ON WRAP FEE PRODUCTS __________________________________________________________ The NASAA Financial Planners/Investment Advisers Committee is scheduled to meet on June 13 to discuss wrap fee...
May 18, 1992 TO: BOARD OF GOVERNORS NO. 35-92 INTERNATIONAL MEMBERS NO. 11-92 RE: LICENSING REQUIREMENTS FOR INVESTMENT TRUST MANAGERS IN JAPAN __________________________________________________________ Japanese counsel has informed the Institute that, effective April 24, the Ministry...
- 1 - May 18, 1992 TO: TAX MEMBERS NO. 35-92 OPERATIONS MEMBERS NO. 20-92 CLOSED-END FUND MEMBERS NO. 23-92 ACCOUNTING/TREASURERS MEMBERS NO. 23-92 TRANSFER AGENT ADVISORY COMMITTEE NO. 28-92 RE: 1992 TAX INFORMATION REPORTING AND WITHHOLDING COMPLIANCE WORKSHOPS - REMINDER __________...
May 15, 1992 TO: EDGAR PILOT PARTICIPANTS ACCOUNTING/TREASURERS COMMITTEE NO. 23-92 OPERATIONS COMMITTEE NO. 15-92 SEC RULES COMMITTEE NO. 34-92 RE: ADOPTION OF AMENDMENTS TO TEMPORARY RULES FOR THE EDGAR SYSTEM __________________________________________________________ Enclosed are...
May 15, 1992 TO: STATE SECURITIES MEMBERS NO. 23-92 UNIT INVESTMENT TRUST COMMITTEE NO. 28-92 RE: IOWA ADOPTS FINAL REGISTRATION RULES __________________________________________________________ The Iowa Securities Bureau recently adopted final rules for the registration of mutual...
May 15, 1992 TO: INTERNATIONAL COMMITTEE NO. 11-92 RE: INSTITUTE LETTERS TO TREASURY CONCERNING NAFTA NEGOTIATIONS __________________________________________________________ In the attached letters to the Department of Treasury the Institute expressed its concerns regarding the...
May 15, 1992 TO: TAX MEMBERS NO. 33-92 STATE LIAISON COMMITTEE NO. 20-92 INVESTMENT ADVISER MEMBERS NO. 21-92 INVESTMENT ADVISER ASSOCIATE MEMBERS NO. 17-92 BROKER/DEALER ADVISORY COMMITTEE NO. 16-92 BROKER/DEALER ASSOCIATE MEMBERS NO. 8-92 RE: TENNESSEE ALLOWS SINGLE FILING AND...
May 15, 1992 TO: TAX MEMBERS NO. 34-92 UNIT INVESTMENT TRUST MEMBERS NO. 30-92 MONEY MARKET MEMBERS - ONE PER COMPLEX NO. 6-92 RE: TENNESSEE GOVERNOR SIGNS BILL ALLOWING PASS-THROUGH OF FEDERAL OBLIGATION INTEREST __________________________________________________________ The...
May 15, 1992 TO: STATE SECURITIES MEMBERS NO. 24-92 UNIT INVESTMENT TRUST MEMBERS NO. 31-92 RE: WYOMING LEGISLATURE ADJOURNS WITHOUT PASSING INVESTMENT COMPANY FEE LEGISLATION __________________________________________________________ As you know, several states have adopted fee...
