January 17, 1992 TO: TAX MEMBERS NO. 5-92 MONEY MARKET MEMBERS - ONE PER COMPLEX NO. 2-92 RE: NEW HAMPSHIRE AMENDS LAW TO ALLOW PASS THROUGH OF CHARACTER OF NEW HAMPSHIRE OBLIGATION INTEREST __________________________________________________________ Pursuant to the attached...
January 17, 1992 TO: COMPLIANCE COMMITTEE NO. 1-92 BROKER/DEALER ASSOCIATE MEMBERS NO. 1-92 RE: NASD REVISES SERIES 26 EXAMINATION __________________________________________________________ For your information, attached is an NASD Notice to Members reporting that the Series 26...
January 17, 1992 TO: BROKER/DEALER ADVISORY COMMITTEE NO. 2-92 RE: MUTUAL FUNDS STATUS REPORT FOR MONTH ENDING DECEMBER, 1991 __________________________________________________________ Attached is a copy of the Mutual Funds Status Report for the month ending December, 1991. We will...
January 17, 1992 TO: ACCOUNTING/TREASURERS COMMITTEE NO. 1-92 INDEPENDENT ACCOUNTANTS ADVISORY GROUP RE: ACCOUNTING FOR INVESTMENTS WITH PREPAYMENT RISK __________________________________________________________ Attached is the Institute's comment letter to the FASB regarding Proposed...
January 17, 1992 TO: INVESTMENT ADVISERS COMMITTEE NO. 3-92 UTAH INVESTMENT ADVISER ASSOCIATE MEMBERS RE: UTAH REQUESTS COMMENTS ON DRAFT RULES REGARDING SCOPE OF INVESTMENT ADVISER REGULATION __________________________________________________________ As we previously informed you...
January 17, 1992 TO: SEC RULES MEMBERS NO. 2-92 OPERATIONS MEMBERS NO. 2-92 TRANSFER AGENT ADVISORY COMMITTEE NO. 2-92 RE: SEC ADOPTS RULE REGARDING ACCEPTANCE OF SIGNATURE GUARANTEES __________________________________________________________ The Securities and Exchange Commission...
11 The exception to this rule would be if the securities lending were effectively connected with a trade or business of the foreign person in the U.S. January 17, 1992 TO: TAX MEMBERS NO. 7-92 ACCOUNTING/TREASURERS MEMBERS NO. 4-92 CLOSED-END FUND MEMBERS NO. 4-92 RE: INTERNAL REVENUE...
January 17, 1992 TO: TAX MEMBERS NO. 4-92 MEMBERS - ONE PER COMPLEX NO. 2-92 ACCOUNTING/TREASURERS MEMBERS NO. 2-92 CLOSED-END FUND MEMBERS NO. 3-92 UNIT INVESTMENT TRUST MEMBERS NO. 3-92 RE: CORRECTIONS TO 1991 SURVEYS OF STATE INCOME TAXATION ________________________________________...
January 17, 1992 TO: TAX MEMBERS NO. 6-92 ACCOUNTING/TREASURERS MEMBERS NO. 3-92 RE: IRS REVISES APPROVAL PROCEDURE FOR CHANGING CORPORATION'S ANNUAL ACCOUNTING PERIOD __________________________________________________________ As you may know, a corporation is generally required to...
January 17, 1992 TO: TAX COMMITTEE NO. 2-92 ACCOUNTING/TREASURERS COMMITTEE NO. 2-92 RE: IRS ISSUES PROPOSED REGULATIONS ON CERTAIN PUBLICLY TRADED PARTNERSHIPS TREATED AS CORPORATIONS __________________________________________________________ As you know, the Revenue Act of 1987 (the...
11 "Institutions Hold Stock Reins", Pensions & Investment, September 30, 1991 22 Id. January 16, 1992 TO: INVESTMENT ISSUES COMMITTEE NO. 2-92 RE: THE PROPER ROLE OF A MUTUAL FUND AS CORPORATE MONITOR __________________________________________________________ According to a recent...
January 16, 1992 TO: CLOSED-END FUND COMMITTEE NO. 1-92 RE: DRAFT AGENDA FOR FEBRUARY 5 MEETING __________________________________________________________ Attached is a draft agenda for the Closed-End Fund Committee meeting scheduled for February 5, 1992. The meeting will be held at...
January 16, 1992 TO: INVESTMENT ISSUES COMMITTEE NO. 3-92 RE: MATERIALS FOR THE JANUARY 29, 1992 MEETING @@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@ Attached are materials for the upcoming meeting of the Investment Issues Committee scheduled for Wednesday, January 29...
January 16, 1992 TO: INTERNATIONAL MEMBERS NO. 2-92 RE: INTERNATIONAL DEVELOPMENTS IN INVESTMENT COMPANY TAXATION __________________________________________________________ This memorandum summarizes recent international tax developments regarding investment company taxation. 1...
January 16, 1992 TO: STATE LIAISON COMMITTEE NO. 2-92 UNIT INVESTMENT TRUST COMMITTEE NO. 4-92 RE: INSTITUTE COMMENTS ON PROPOSED CALIFORNIA AMENDMENT TO PERMIT UNIFORM CONSENT __________________________________________________________ The Institute sent the attached comment letter to...
January 15, 1992 TO: SEC RULES COMMITTEE NO. 2-92 BROKER/DEALER ADVISORY COMMITTEE NO. 1-92 RE: INSTITUTE LETTER ON NASD PROPOSAL TO EXEMPT BULK EXCHANGES OF MONEY MARKET FUNDS FROM NEGATIVE RESPONSE LETTER RULE __________________________________________________________ As we...
January 15, 1992 TO: MARKETING POLICY COMMITTEE NO. 2-92 RE: PROGRAMS AND ACTIVITIES OF THE PI&M DEPARTMENT __________________________________________________________ This department conducts a wide variety of programs and activities. While some of our staff responsibilities are...
January 15, 1992 TO: UNIT INVESTMENT TRUST COMMITTEE NO. 3-92 RE: DRAFT AGENDA FOR JANUARY 21 MEETING __________________________________________________________ Attached is a draft agenda for the next Unit Investment Trust Committee Meeting scheduled for 10:00 a.m., January 21st in...
January 15, 1992 TO: HUMAN RESOURCES AND TRAINING WORKING GROUP NO. 1-92 RE: Next Meeting __________________________________________________________ The next meeting of the Human Resources and Training Working Group will held on March 11, 1992, beginning at 10:00 am. The meeting will...
January 15, 1992 TO: INSTITUTIONAL FUNDS COMMITTEE NO. 1-92 RE: PENNSYLVANIA CLASS ACTION CHALLENGES BANK TRUSTEES' SWEEP PRACTICES AND FEES; DEPARTMENT OF LABOR FILES CONTERCLAIM IN MINNESOTA CASE ALLEGING IMPROPER SWEEP FEES _________________________________________________________...
January 15, 1992 TO: BOARD OF GOVERNORS NO. 5-92 INTERNATIONAL COMMITTEE NO. 1-92 RE: INSTITUTE LETTER TO TREASURY CONCERNING GATT NEGOTIATIONS __________________________________________________________ On December 20, 1991 GATT Director General Arthur Dunkel released a "Draft Final...
January 15, 1992 TO: SEC RULES COMMITTEE NO. 3-92 UNIT INVESTMENT TRUST COMMITTEE NO. 2-92 MONEY MARKET FUNDS AD HOC COMMITTEE NO. 2-92 RE: FORMATION OF SECONDARY MARKET DISCLOSURE TASK FORCE __________________________________________________________ Several Institute members have...
January 14, 1992 TO: BOARD OF GOVERNORS NO. 4-92 RE: CONGRESSIONAL LETTER TO FED ON SECTION 20 ORDERS __________________________________________________________ Attached is a letter sent by the Chairmen of the House Energy and Commerce Committee and the Subcommittee on...
January 13, 1992 TO: BOARD OF GOVERNORS NO. 3-92 STATE SECURITIES MEMBERS NO. 3-92 CONTRACTUAL PLANS COMMITTEE NO. 1-92 RE: NASAA UPDATE __________________________________________________________ In the past month, we have notified you twice about recent actions taken by the North...
January 13, 1992 TO: PENSION COMMITTEE NO. 4-92 RE: PROHIBITED TRANSACTION EXEMPTIONS 77-4 AND 77-9 __________________________________________________________ Attached for your review prior to the upcoming Pension Committee Meeting is a draft letter to the Department of Labor...
