May 6, 1992 TO: BROKER/DEALER ASSOCIATE MEMBERS NO. 5-92 RE: DEPARTMENT OF LABOR WITHDRAWS PROPOSED BONDING EXEMPTION __________________________________________________________ As we previously reported, the Department of Labor in 1987 issued a proposed regulation that would have...
May 5, 1992 TO: PENSION COMMITTEE NO. 18-92 RE: REGULATORY BURDEN REDUCTION INITIATIVE __________________________________________________________ As part of the President's Regulatory Burden Reduction Initiative, the Treasury Department and the IRS have issued the attached Notice 92...
May 5, 1992 TO: INVESTMENT ADVISERS COMMITTEE NO. 20-92 SEC RULES COMMITTEE NO. 27-92 RE: CHAIRMAN DINGELL'S LETTER TO THE SEC ABOUT WRAP FEE PRODUCTS __________________________________________________________ Congressman John Dingell, Chairman of the House Committee on Energy and...
May 5, 1992 TO: INVESTMENT ADVISER MEMBERS NO. 17-92 INVESTMENT ADVISER ASSOCIATE MEMBERS NO. 12-92 PENSION MEMBERS NO. 8-92 BROKER/DEALER ADVISORY COMMITTEE NO. 13-92 RE: DEPARTMENT OF LABOR WITHDRAWS PROPOSED BONDING EXEMPTION ________________________________________________________...
May 5, 1992 TO: INSTITUTIONAL FUNDS COMMITTEE NO. 6-92 RE: MEETING NOTICE - JUNE 11, 1992 __________________________________________________________ The next meeting of the Institutional Funds Committee has been scheduled for Thursday, June 11, 1992, at 10:00 a.m. The meeting will be...
May 4, 1992 TO: PUBLIC INFORMATION COMMITTEE NO. 15-92 RE: PUBLIC INFORMATION COMMITTEE JUNE 26 MEETING AND SEMINAR ON CRISIS MANAGEMENT __________________________________________________________ 1. A reservation form is attached for the June 26 meeting in New York City at the...
May 4, 1992 TO: BOARD OF GOVERNORS NO. 28-92 SEC RULES COMMITTEE NO. 26-92 RE: INSTITUTE STATEMENT ON THE "SMALL BUSINESS INCENTIVE ACT OF OF 1992" __________________________________________________________ As we previously reported, the Securities and Exchange Commission had...
- 1 - May 1, 1992 TO: INVESTMENT ADVISERS COMMITTEE NO. 19-92 RE: STAFF DISCUSSION DRAFT OF HOUSE BILL ON INVESTMENT ADVISER REGULATION __________________________________________________________ Attached is a copy of a staff discussion draft of the House bill on investment adviser...
April 30, 1992 TO: STATE LIAISON COMMITTEE NO. 17-92 SUBCOMMITTEE ON ADVERTISING NO. 7-92 RE: MISSOURI PROPOSAL TO REQUIRE FILING OF INTERNAL SALES MATERIAL UPON REQUEST OF COMMISSIONER __________________________________________________________ The Missouri Securities Division has...
April 30, 1992 TO: CLOSED-END FUND COMMITTEE NO. 9-92 SEC RULES COMMITTEE NO. 25-92 UNIT INVESTMENT TRUST COMMITTEE NO. 24-92 RE: SEC ANNOUNCES REGULATORY REFORM INITIATIVES __________________________________________________________ In a report to President Bush released earlier this...
April 30, 1992 TO: UNIT INVESTMENT TRUST MEMBERS NO. 27-92 RE: MISSOURI AMENDS REGISTRATION FEE CAP FOR UNIT TRUSTS __________________________________________________________ The Institute is pleased to advise you that the Missouri Securities Division has amended the registration fee...
April 29, 1992 TO: RESEARCH COMMITTEE NO. 5-92 RE: June Schedule of Meetings __________________________________________________________ The next meetings for members of the Research Committee are scheduled as follows: - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -...
April 28, 1992 TO: BOARD OF GOVERNORS NO. 27-92 SEC RULES COMMITTEE NO. 23-92 YIELD ENHANCEMENT TASK FORCE NO. 3-92 RE: INSTITUTE LETTER TO NASD ON YIELD QUOTATIONS IN ORAL SALES COMMUNICATIONS __________________________________________________________ Attached is a copy of a letter...
April 28, 1992 TO: STATE SECURITIES MEMBERS NO. 19-92 SEC RULES COMMITTEE NO. 24-92 RE: INSTITUTE REQUESTS REPEAL OF STATE INVESTMENT RESTRICTIONS __________________________________________________________ The Institute recently wrote the securities administrators of Arkansas, Indiana...
April 27, 1992 TO: TAX COMMITTEE NO. 17-92 RE: REQUEST FOR LETTERS TO TREASURY REQUESTING PFIC REGULATIONS BE MADE TEMPORARY __________________________________________________________ As you know, the Treasury Department has recently issued regulations which establish a mark-to-market...
April 27, 1992 TO: PENSION COMMITTEE NO. 17-92 RE: INSTITUTE LETTER TO SECRETARY OF LABOR CONCERNING PROPOSED REGULATION UNDER ERISA SECTION 404(c) __________________________________________________________ Attached is a copy of a letter submitted by the Institute to the Secretary of...
April 24, 1992 TO: ACCOUNTING/TREASURERS COMMITTEE NO. 20-92 RE: NOTICE OF MEETING - JUNE 16, 1992 __________________________________________________________ This is to advise you that there will be a meeting of the Accounting/Treasurers Committee on June 16, 1992 in Salon A at The...
April 24, 1992 TO: OPERATIONS COMMITTEE NO. 12-92 TRANSFER AGENT ADVISORY COMMITTEE NO. 25-92 RE: CLERICAL ERROR IN REREGISTERING MUTUAL FUND SHARES IN IRA ROLLOVER RESULTS IN TAXABLE DISTRIBUTION __________________________________________________________ In attached Private Letter...
April 24, 1992 TO: BOARD OF GOVERNORS NO. 26-92 INTERNATIONAL MEMBERS NO. 10-92 RE: JAPAN MAY RELAX STANDARDS FOR GRANTING INVESTMENT TRUST MANAGEMENT LICENSES TO FOREIGN FIRMS __________________________________________________________ An April 16 article appearing in a Japanese news...
- 1 - April 23, 1992 TO: TAX MEMBERS NO. 27-92 ACCOUNTING/TREASURERS MEMBERS NO. 21-92 CLOSED-END FUND MEMBERS NO. 21-92 INTERNATIONAL MEMBERS NO. 9-92 RE: INSTITUTE REQUESTS THAT PROPOSED PFIC REGULATIONS BE ISSUED IN TEMPORARY FORM ___________________________________________________...
April 23, 1992 TO: STATE LIAISON COMMITTEE NO. 16-92 RE: SEC ISSUES STAFF REPORT ON HUB AND SPOKE FUNDS __________________________________________________________ As we previously advised you, Representative John D. Dingell, Chairman of the U.S. House Committee on Energy and Commerce...
April 23, 1992 TO: BOARD OF GOVERNORS NO. 25-92 SEC RULES MEMBERS NO. 17-92 RE: SEC RESPONDS TO INQUIRIES REGARDING MUTUAL FUND FEES, "HUB AND SPOKE" FUNDS AND PROXY REFORM __________________________________________________________ SEC Chairman Richard Breeden recently sent three...
April 23, 1992 TO: MONEY MARKET FUNDS AD HOC COMMITTEE NO. 6-92 RE: REVISED DRAFT LETTER ON THE TECHNICAL ISSUE RAISED UNDER RULE 2a-7 __________________________________________________________ In view of the comments that I received on the February 13 draft letter on the status and...
April 22, 1992 TO: PENSION COMMITTEE NO. 16-92 RE: VIRGINIA AMENDS PENSION WITHHOLDING REQUIREMENTS __________________________________________________________ As we previously reported, Virginia enacted legislation in 1991 requiring payors of pension and annuity distributions to...
April 22, 1992 TO: SUBCOMMITTEE ON ADVERTISING NO. 6-92 RE: DRAFT LETTER TO NASD ON MATERIALITY OF EXPENSE SUBSIDIES __________________________________________________________ Attached is a draft letter to the NASD that sets forth a proposed standard for determining whether an expense...
