August 12, 1991 TO: OPERATIONS COMMITTEE NO. 25-91 TRANSFER AGENT ADVISORY COMMITTEE NO. 37-91 RE: RESULTS OF SHAREHOLDER CONFIRMATION SURVEY __________________________________________________________ We have completed the shareholder confirmation survey and highlights of the results...
August 9, 1991 TO: INVESTMENT ADVISERS COMMITTEE NO. 35-91 RE: INSTITUTE COMMENTS ON PROPOSED IDAHO ADVISER RULES __________________________________________________________ Attached is a copy of the Institute's comments to the Idaho Department of Finance regarding their proposed rules...
August 9, 1991 TO: INVESTMENT ADVISERS COMMITTEE NO. 36-91 RE: WISCONSIN PROPOSES BRANCH OFFICE RULE __________________________________________________________ Attached is a copy of proposed revisions to the Administrative Rules of the Wisconsin Commissioner of Securities. Section 2...
August 9, 1991 TO: MEMBERS - ONE PER COMPLEX NO. 33-91 SEC RULES MEMBERS NO. 43-91 CLOSED-END FUND MEMBERS NO. 35-91 UNIT INVESTMENT TRUST MEMBERS NO. 33-91 RE: SENATE PASSES BILL CONTAINING REGISTRATION FEE INCREASE __________________________________________________________ Last week...
August 9, 1991 TO: INVESTMENT ISSUES COMMITTEE NO. 9-91 RE: LEGISLATION TO ABOLISH QUARTERLY REPORTS INTRODUCED __________________________________________________________ Attached is a copy of H.R. 2910, the "Long Term Investment Promotion Act of 1991", which recently was introduced...
August 8, 1991 TO: BOARD OF GOVERNORS NO. 57-91 FEDERAL LEGISLATION MEMBERS NO. 15-91 FEDERAL LEGISLATION COMMITTEE NO. 16-91 SEC RULES COMMITTEE NO. 45-91 RE: BREEDEN TESTIFIES ON SEC REAUTHORIZATION __________________________________________________________ On July 25, SEC Chairman...
August 8, 1991 TO: PENSION COMMITTEE NO. 22-91 RE: PROTOTYPE SEP/SARSEP __________________________________________________________ As we recently informed you, the Internal Revenue Service announced that it will now issue opinion letters on prototype SARSEPs which are not top-heavy....
August 8, 1991 TO: PENSION MEMBERS NO. 30-91 RE: CONNECTICUT EXEMPTS RETIREMENT PLAN ASSETS FROM CREDITORS __________________________________________________________ In legislation effective July 1, 1991, retirement fund accounts in Connecticut are exempt from attachment by creditors...
August 7, 1991 TO: FEDERAL LEGISLATION MEMBERS NO. 14-91 FEDERAL LEGISLATION COMMITTEE NO. 15-91 RE: HOUSE ANNOUNCES HEARINGS ON BILL TO REPEAL THE 30 PERCENT TEST __________________________________________________________ The House Ways and Means Select Revenues Subcommittee has...
August 7, 1991 TO: MONEY MARKET FUNDS AD HOC COMMITTEE NO. 21-91 RE: AUGUST 6 MEETING CONCERNING DEMAND FEATURES __________________________________________________________ As you know, the Money Market Fund Ad Hoc Committee met on August 6th to discuss the regulation of demand...
August 7, 1991 TO: PENSION MEMBERS NO. 29-91 RE: IRS ANNOUNCES OPINION LETTER PROGRAM FOR SARSEPS __________________________________________________________ In response to the Institute's request, the Internal Revenue Service announced that, effective August 5, 1991, it will accept...
August 7, 1991 TO: SEC RULES MEMBERS NO. 42-91 MONEY MARKET MEMBERS - ONE PER COMPLEX NO. 22-91 RE: SEC STAFF ISSUES INTERPRETIVE LETTER REGARDING HOW THE DESIGNATION OF THOMPSON BANKWATCH AS AN NRSRO AFFECTS MONEY MARKET FUNDS _________________________________________________________...
August 6, 1991 TO: DIRECT MARKETING COMMITTEE NO. 26-91 MARKETING COMMITTEE NO. 32-91 PUBLIC INFORMATION COMMITTEE NO. 26-91 RESEARCH COMMITTEE NO. 20-91 SALES FORCE MARKETING COMMITTEE NO. 26-91 SHAREHOLDER COMMUNICATIONS COMMITTEE NO. 22-91 MEMBERS INTERESTED IN PUBLIC INFORMATION...
August 6, 1991 TO: SALES FORCE MARKETING COMMITTEE NO. 25-91 RE: IAFP BREAKFAST MEETING IN TORONTO __________________________________________________________ In conjunction with the 1991 IAFP/CAFP national convention, the Investment Company Institute and the Broker-Dealer Advisory...
August 5, 1991 TO: MARKETING COMMITTEE NO. 31-91 RE: NOTICE OF MEETING - SEPTEMBER 4, 1991 __________________________________________________________ The next meeting of the Marketing Committee will be held at the Institute offices in Washington, DC at 10:00 am on Wednesday, September...
August 5, 1991 TO: STATE SECURITIES MEMBERS NO. 32-91 UNIT INVESTMENT TRUST MEMBERS NO. 32-91 RE: FORMS FOR REGISTRATION OF INVESTMENT COMPANY SECURITIES IN FLORIDA __________________________________________________________ The Florida Division of Securities and Investor Protection...
August 5, 1991 TO: DIRECT MARKETING COMMITTEE NO. 25-91 PUBLIC INFORMATION COMMITTEE NO. 25-91 SALES FORCE MARKETING COMMITTEE NO. 24-91 SHAREHOLDER COMMUNICATIONS COMMITTEE NO. 21-91 RE: SEPTEMBER COMMITTEE MEETING SCHEDULE __________________________________________________________...
August 2, 1991 TO: PUBLIC INFORMATION COMMITTEE NO. 24-91 RE: SATELLITE TV TOUR INFORMATION __________________________________________________________ At the July 17 Public Information Committee meeting in New York City, several of you had questions about satellite TV tours after I...
August 2, 1991 TO: STATE SECURITIES MEMBERS NO. 31-91 UNIT INVESTMENT TRUST MEMBERS NO. 30-91 RE: NEW HAMPSHIRE OFFICE OF SECURITIES REGULATION ABOLISHED __________________________________________________________ Effective July 1, 1991, legislation was enacted abolishing the New...
August 2, 1991 TO: FEDERAL LEGISLATION MEMBERS NO. 13-91 FEDERAL LEGISLATION COMMITTEE NO. 14-91 RE: INSTITUTE TESTIFIES ON "FAIR TRADE IN FINANCIAL SERVICES" __________________________________________________________ Earlier this week, the Institute testified before the House Ways...
August 2, 1991 TO: FEDERAL LEGISLATION MEMBERS NO. 12-91 FEDERAL LEGISLATION COMMITTEE NO. 13-91 RE: INSTITUTE TESTIFIES ON PENSION SIMPLIFICATION __________________________________________________________ On July 25, the Institute testified before the House Ways and Means Select...
August 2, 1991 TO: STATE SECURITIES MEMBERS NO. 30-91 UNIT INVESTMENT TRUST MEMBERS NO. 29-91 RE: MAINE INCREASES SECURITIES REGISTRATION FEES __________________________________________________________ The Institute has been notified that legislation has been signed into law in Maine...
August 2, 1991 TO: BOARD OF GOVERNORS NO. 56-91 MONEY MARKET MEMBERS - ONE PER COMPLEX NO. 21-91 RE: NEW HAMPSHIRE LEGISLATURE ADJOURNS WITHOUT MONEY MARKET TAX __________________________________________________________ The Institute is pleased to inform you that the New Hampshire...
August 2, 1991 TO: SEC RULES MEMBERS NO. 41-91 CLOSED-END FUND MEMBERS NO. 34-91 UNIT INVESTMENT TRUST MEMBERS NO. 31-91 INVESTMENT ADVISER MEMBERS NO. 32-91 INVESTMENT ADVISER ASSOCIATE MEMBERS NO. 31-91 RE: SEC STAFF MODIFIES ITS POSITION ON THE INTERPRETATION OF "BENEFICIAL...
August 1, 1991 TO: INVESTMENT ADVISERS COMMITTEE NO. 34-91 RE: ILLINOIS HOUSE PASSES LEGISLATION TO AMEND ADVISER LAW __________________________________________________________ The Illinois legislature recently passed legislation to amend the definition of investment adviser to...
