December 12, 1991 TO: STATE SECURITIES MEMBERS NO. 56-91 BLUE SKY GUIDE RECIPIENTS RE: 1992 BLUE SKY COMPLIANCE WORKSHOPS __________________________________________________________ As we previously advised you, the Institute will be holding a series of Blue Sky Compliance Workshops...
December 11, 1991 TO: STATE SECURITIES MEMBERS NO. 54-91 RE: RULE 144A SECURITIES EXCLUDED FROM DEFINITION OF "RESTRICTED" SECURITIES IN SOUTH DAKOTA __________________________________________________________ The Institute is pleased to advise you that the staff of the South Dakota...
December 11, 1991 TO: STATE SECURITIES MEMBERS NO. 55-91 UNIT INVESTMENT TRUST MEMBERS NO. 63-91 RE: REVISED NEVADA FORM TO CLAIM BLUE CHIP EXEMPTION __________________________________________________________ The Nevada Securities Division recently amended Form 520, "Claim of Exempt...
December 10, 1991 TO: PENSION COMMITTEE NO. 40-91 RE: CONNECTICUT ANNOUNCES PENSION WITHHOLDING REQUIREMENT UPON RECIPIENT REQUEST __________________________________________________________ Attached is a copy of Special Notice SN 91(25), issued by the Connecticut Department of Revenue...
December 10, 1991 TO: MARKETING COMMITTEE NO. 46-91 PUBLIC INFORMATION COMMITTEE NO. 39-91 RE: Minutes of the Public Information Committee September 11, 1991 __________________________________________________________ Transmitted for your information is a copy of the most recent Public...
December 10, 1991 TO: MARKETING COMMITTEE NO. 45-91 INDUSTRY STATISTICS COMMITTEE NO. 14-91 RE: MINUTES - COMMITTEE ON INDUSTRY STATISTICS - NOV.7 @@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@ Status Report on Centralized Data Collection 1. Collection and Dissemination...
1 */ For more information on the IRS Bulletin Board System, see Institute Memorandum to Tax Members No. 51-91, Operations Members No. 30-91 and Transfer Agent Advisory Committee No. 55-91, dated November 21, 1991. December 10, 1991 TO: TAX MEMBERS NO. 61-91 OPERATIONS MEMBERS NO. 34...
December 10, 1991 TO: BOARD OF GOVERNORS NO. 87-91 STATE SECURITIES MEMBERS NO. 53-91 CONTRACTUAL PLANS COMMITTEE NO. 19-91 RE: INSTITUTE RESPONDS TO NASAA INVESTOR ALERT ON MUTUAL FUNDS __________________________________________________________ In October, the North American...
December 10, 1991 TO: MONEY MARKET FUNDS AD HOC COMMITTEE NO. 32-91 INVESTMENT ISSUES COMMITTEE NO. 21-91 RE: INSTITUTE LETTER TO COMMISSIONER ROBERTS CONCERNING TAX-EXEMPT MONEY MARKET FUND INVESTMENTS IN CERTAIN MUNICIPAL SECURITIES __________________________________________________...
December 10, 1991 TO: SUBCOMMITTEE ON ADVERTISING NO. 7-91 1990s AD HOC COMMITTEE RE: LIABILITY FOR RULE 482 ADVERTISEMENTS __________________________________________________________ In September 1991, the Institute submitted a letter to the Investment Companies Committee of the NASD...
December 9, 1991 TO: INVESTMENT ADVISERS COMMITTEE NO. 59-91 CALIFORNIA ASSOCIATE INVESTMENT ADVISER MEMBERS RE: CALIFORNIA PROPOSES INVESTMENT ADVISER REGULATIONS __________________________________________________________ The California Commissioner of Corporations has proposed...
December 9, 1991 TO: TAX COMMITTEE NO. 38-91 PENSION COMMITTEE NO. 39-91 RE: NOTICE OF MEETINGS, JANUARY 16, 1992 __________________________________________________________ The Tax and Pension Committee meetings have been scheduled for Thursday, January 16, 1992. The Tax Committee...
December 9, 1991 TO: MONEY MARKET MEMBERS - ONE PER COMPLEX NO. 32-91 MONEY MARKET FUNDS AD HOC COMMITTEE NO. 31-91 SEC RULES MEMBERS NO. 59-91 RE: SEC STAFF POSITION ON MONEY MARKET FUNDS PURCHASING INVERSE FLOATERS __________________________________________________________ The...
December 9, 1991 TO: PENSION COMMITTEE NO. 38-91 RE: IRS ISSUES FINAL MINIMUM PARTICIPATION AND QUALIFIED SEPARATE LINES OF BUSINESS REGULATIONS __________________________________________________________ Attached are the final IRS regulations relating to the minimum participation...
December 6, 1991 TO: BOARD OF GOVERNORS NO. 85-91 RE: CONGRESS PASSES NARROW BANKING BILL; GLASS-STEAGALL NOT REPEALED __________________________________________________________ Last week, both Houses of Congress passed and sent to the President a narrow banking bill that...
December 5, 1991 TO: PENSION MEMBERS NO. 39-91 INSTITUTE PROTOTYPE PLAN MASS SUBMITTERS RE: IRS EXPANDS DETERMINATION LETTER PROGRAM __________________________________________________________ Attached is a copy of Revenue Procedure 91-66, which sets forth temporary procedures for...
December 5, 1991 TO: INVESTMENT ADVISER ASSOCIATE MEMBERS NO. 52-91 INVESTMENT ADVISER MEMBERS NO. 53-91 RE: INVESTMENT ADVISER AND PRINCIPAL OFFICER CENSURED FOR VIOLATIONS INVOLVING USE OF SOFT DOLLARS __________________________________________________________ An administrative law...
December 5, 1991 TO: PENSION COMMITTEE NO. 37-91 RE: IRS CORRECTION OF NOTICE 91-38 __________________________________________________________ Last month, the IRS issued Notice 91-38, which provides for certain transitional rules for the recently finalized nondiscrimination...
December 5, 1991 TO: HUMAN RESOURCES AND TRAINING WORKING GROUP NO. 3-91 RE: Minutes of Meetings Held November 19 __________________________________________________________ Enclosed are the following reports pertaining to the meetings of the working group and task forces held November...
December 4, 1991 TO: TAX MEMBERS NO. 59-91 ACCOUNTING/TREASURERS MEMBERS NO. 33-91 RE: FINAL AND TEMPORARY REMIC INFORMATION REPORTING REGULATIONS __________________________________________________________ The Internal Revenue Service has issued the attached three sets of regulations...
December 4, 1991 TO: ACCOUNTING/TREASURERS MEMBERS NO. 34-91 CLOSED-END FUND MEMBERS NO. 53-91 INTERNATIONAL COMMITTEE NO. 29-91 TAX MEMBERS NO. 60-91 RE: THIRD UPDATE OF INSTITUTE SURVEY RELATING TO PASSIVE FOREIGN INVESTMENT COMPANIES ("PFICS") ______________________________________...
December 4, 1991 TO: BOARD OF GOVERNORS NO. 84-91 STATE LIAISON COMMITTEE NO. 21-91 UNIT INVESTMENT TRUST COMMITTEE NO. 43-91 RE: MINNESOTA COURT OF APPEALS UPHOLDS CONSTITUTIONALITY OF DISPARATE REGISTRATION FEE STRUCTURE __________________________________________________________ As...
- 1 - December 3, 1991 TO: BROKER/DEALER ADVISORY COMMITTEE NO. 42-91 INSURANCE BROKER-DEALER ADVISORY COMMITTEE NO. 12-91 OPERATIONS MEMBERS NO. 33-91 TAX MEMBERS NO. 58-91 TRANSFER AGENT ADVISORY COMMITTEE NO. 59-91 RE: FINAL REGULATIONS ON REPORTING OF TRANSACTIONS INVOLVING...
December 3, 1991 TO: PUBLIC INFORMATION COMMITTEE NO. 38-91 RE: Letters to Editors __________________________________________________________ We thought you might be interested in the attached letters to the New York Times and Money. Best regards, L. Erick Kanter
