November 7, 1991 TO: MONEY MARKET MEMBERS - ONE PER COMPLEX NO. 28-91 TAX MEMBERS NO. 48-91 UNIT INVESTMENT TRUST MEMBERS NO. 54-91 RE: DISTRICT OF COLUMBIA REPEALS TAX ON INTEREST EARNED ON NON-DISTRICT OF COLUMBIA MUNICIPAL OBLIGATIONS _______________________________________________...
November 7, 1991 TO: SUBCOMMITTEE ON ADVERTISING NO. 2-91 RE: DRAFT LETTER TO STAFF ON COMPARISONS TO MONEY MARKET FUNDS __________________________________________________________ At the last meeting of the Subcommittee, we discussed recent SEC staff actions to prohibit, or...
November 6, 1991 TO: INTERNATIONAL COMMITTEE NO. 26-91 RE: DRAFT AGENDA FOR INTERNATIONAL COMMITTEE MEETING -- THURSDAY, NOVEMBER 21, 1991 __________________________________________________________ Attached is a copy of the draft agenda for the International Committee Meeting on...
November 6, 1991 TO: BOARD OF GOVERNORS NO. 83-91 MEMBERS - ONE PER COMPLEX NO. 57-91 DIRECT MARKETING COMMITTEE NO. 38-91 MARKETING COMMITTEE NO. 42-91 MONEY MARKET FUNDS AD HOC COMMITTEE NO. 27-91 OPERATIONS COMMITTEE NO. 33-91 PENSION COMMITTEE NO. 35-91 PUBLIC INFORMATION...
November 6, 1991 TO: HUMAN RESOURCES AND TRAINING WORKING GROUP NO. 2-91 RE: Human Resources and Training Working Group __________________________________________________________ Based on the high level of interest and enthusiasm shown at the August 22, 1991 meeting of industry human...
November 5, 1991 TO: MONEY MARKET MEMBERS - ONE PER COMPLEX NO. 27-91 RE: SEC RESCINDS TEMPORARY EXEMPTIVE RULES APPLICABLE TO MONEY MARKET FUNDS __________________________________________________________ The SEC has rescinded two temporary exemptive rules under the Investment Company...
November 5, 1991 TO: CLOSED-END FUND MEMBERS NO. 47-91 SEC RULES MEMBERS NO. 53-91 UNIT INVESTMENT TRUST MEMBERS NO. 53-91 INTERNATIONAL MEMBERS NO. 8-91 RE: SEC ADOPTS RULE 3a-6 EXCEPTING FOREIGN BANKS AND FOREIGN INSURANCE COMPANIES FROM THE DEFINITION OF "INVESTMENT COMPANY" ______...
November 5, 1991 TO: TAX MEMBERS NO. 47-91 OPERATIONS MEMBERS NO. 27-91 TRANSFER AGENT ADVISORY COMMITTEE NO. 50-91 RE: LAWSON APPOINTED TO IRS INFORMATION REPORTING PROGRAM ADVISORY COMMITTEE __________________________________________________________ The Internal Revenue Service has...
November 5, 1991 TO: BROKER/DEALER ADVISORY COMMITTEE NO. 37-91 RE: PROPOSED NETWORKING INDEMNIFICATION AGREEMENT __________________________________________________________ The draft memorandum seeking NASD rulemaking with respect to participation in the Networking system is enclosed...
November 5, 1991 TO: STATE SECURITIES MEMBERS NO. 50-91 RE: WASHINGTON CLARIFIES DEFINITION FOR LOWER RATED DEBT SECURITIES __________________________________________________________ As we previously advised you, the Washington Securities Division had taken the position that...
November 4, 1991 TO: MONEY MARKET MEMBERS - ONE PER COMPLEX NO. 26-91 TAX MEMBERS NO. 45-91 RE: SOUTH CAROLINA REVOKES THRESHOLD REQUIREMENT FOR PASS-THROUGH OF FEDERAL OBLIGATION INTEREST __________________________________________________________ Earlier this year the Institute wrote...
November 4, 1991 TO: SEC RULES MEMBERS NO. 52-91 CLOSED-END FUND MEMBERS NO. 46-91 RE: SEC EXEMPTS INVESTMENT COMPANIES FROM NEW DISCLOSURE RULES APPLICABLE TO ROLL-UP TRANSACTIONS __________________________________________________________ The Institute is pleased to inform you that...
11/ This limitation applies if the percentage of stock owned by "5-percent shareholders" increases by more than 50 percentage points over the lowest percentage of stock of such corporation owned by such shareholders at any time during the prior three- year period. November 4, 1991 TO...
November 1, 1991 TO: PENSION COMMITTEE NO. 34-91 RE: SENATOR ROTH ADDS CONVERSION FEATURE TO IRA PROPOSAL __________________________________________________________ Attached is a copy of S. 1865, the Defense Tax Rebate Act, which was recently introduced by Senator Roth. Title II of S...
October 31, 1991 TO: MONEY MARKET FUNDS AD HOC COMMITTEE NO. 26-91 RE: DRAFT LETTER ON TECHNICAL ISSUES UNDER RULE 2a-7 __________________________________________________________ As we previously informed you, the Institute is preparing a letter to the SEC staff on the technical...
October 31, 1991 TO: BROKER/DEALER ASSOCIATE MEMBERS NO. 6-91 RE: ASSOCIATE MEMBER MEETING, JANUARY 23, 1992 __________________________________________________________ A meeting to explore the formation of a new Investment Company Institute broker-dealer associate member advisory...
October 30, 1991 TO: INVESTMENT ISSUES COMMITTEE NO. 18-91 RE: Reform of the Government Debt Market __________________________________________________________ At its last meeting held on October 3, 1991, the Investment Issues Committee instructed ICI staff to explore the views within...
October 30, 1991 TO: BROKER/DEALER ADVISORY COMMITTEE NO. 36-91 RE: 1. AGENDA FOR NOVEMBER 12, 1991 MEETING 2. MINUTES & ATTACHMENTS OF SEPTEMBER 24-25, 1991 MEETING __________________________________________________________ Attached is the agenda for the Broker/Dealer Advisory...
October 29, 1991 TO: PENSION COMMITTEE NO. 33-91 RE: IOWA REQUIRES WITHHOLDING FROM PENSION DISTRIBUTIONS __________________________________________________________ Attached is a copy of Iowa Senate File 83, which was signed by the Governor on May 29, 1991. Section 4 of the Act...
October 29, 1991 TO: SUBCOMMITTEE ON ADVERTISING NO. 1-91 RE: MEETING ON PROSPECTUS DELIVERY AND SALES LITERATURE IN THE RETIREMENT MARKET __________________________________________________________ At our last meeting, we discussed the applicability of the rules governing mutual fund...
October 29, 1991 TO: BOARD OF GOVERNORS NO. 82-91 STATE SECURITIES MEMBERS NO. 49-91 UNIT INVESTMENT TRUST MEMBERS NO. 52-91 CONTRACTUAL PLANS COMMITTEE NO. 18-91 RE: NASAA PASSES RESOLUTION IN OPPOSITION TO THE BLUE CHIP EXEMPTION _____________________________________________________...
October 28, 1991 TO: SHAREHOLDER COMMUNICATIONS COMMITTEE NO. 32-91 DIRECT MARKETING COMMITTEE NO. 37-91 MARKETING COMMITTEE NO. 41-91 PUBLIC INFORMATION COMMITTEE NO. 34-91 RESEARCH COMMITTEE NO. 24-91 SALES FORCE MARKETING COMMITTEE NO. 35-91 MEMBERS INTERESTED IN PUBLIC INFORMATION...
October 28, 1991 TO: MEMBERS - ONE PER COMPLEX NO. 56-91 CLOSED-END MEMBERS - ONE PER COMPLEX UNIT INVESTMENT TRUST SPONSOR MEMBERS - VOTING OFFICER RE: SEC FEE INCREASE BECOMES EFFECTIVE __________________________________________________________ President Bush signed legislation late...
October 25, 1991 TO: SEC RULES MEMBERS NO. 51-91 CLOSED-END FUND MEMBERS NO. 45-91 UNIT INVESTMENT TRUST MEMBERS NO. 51-91 ACCOUNTING/TREASURERS MEMBERS NO. 29-91 RE: CONFERENCE ON CREDITORS' RIGHTS ISSUES FOR INVESTMENT COMPANIES - FINAL REMINDER _____________________________________...
