July 22, 1991 TO: ACCOUNTING/TREASURERS MEMBERS NO. 18-91 TAX MEMBERS NO. 30-91 RE: REGULATIONS ON NOTIONAL PRINCIPAL AMOUNT CONTRACTS ISSUED BY INTERNAL REVENUE SERVICE __________________________________________________________ The Internal Revenue Service recently released proposed...
July 19, 1991 TO: TAX MEMBERS NO. 29-91 OPERATIONS MEMBERS NO. 20-91 CLOSED-END FUND MEMBERS NO. 31-91 UNIT INVESTMENT TRUST MEMBERS NO. 26-91 TRANSFER AGENT ADVISORY COMMITTEE NO. 34-91 RE: IRS SEMINARS ON INFORMATION REPORTING ________________________________________________________...
July 18, 1991 TO: BOARD OF GOVERNORS NO. 52-91 RE: NOTICE OF MEETING - OCTOBER 3 & 4, 1991 __________________________________________________________ A meeting of the Board of Governors has been scheduled for Thursday, October 3, 1991 at 10:00 am. The meeting will be held at the...
July 18, 1991 TO: TAX COMMITTEE NO. 24-91 TRANSFER AGENT ADVISORY SUBCOMMITTEE ON SHAREHOLDER BASIS REPORTING RE: AUGUST 1, 1991 MEETING ON SHAREHOLDER BASIS REPORTING __________________________________________________________ As we previously informed you, a "mutual fund tax bill", H...
July 18, 1991 TO: BROKER/DEALER ADVISORY COMMITTEE NO. 25-91 RE: MUTUAL FUNDS STATUS REORT FOR MONTH ENDING JUNE, 1991 __________________________________________________________ Attached is a copy of the Mutual Funds Status Report for the month ending June, 1991. We will continue to...
July 18, 1991 TO: BOARD OF GOVERNORS NO. 53-91 TAX MEMBERS NO. 28-91 INTERNATIONAL MEMBERS NO. 3-91 ACCOUNTING/TREASURERS MEMBERS NO. 17-91 RE: INSTITUTE TESTIMONY BEFORE WAYS AND MEANS COMMITTEE ON INTERNATIONAL COMPETITIVENESS ________________________________________________________...
July 17, 1991 TO: TAX COMMITTEE NO. 23-91 CLOSED-END FUND COMMITTEE NO. 20-91 UNIT INVESTMENT TRUST COMMITTEE NO. 28-91 MONEY MARKET MEMBERS - ONE PER COMPLEX NO. 20-91 RE: U.S. SUPREME COURT DECLINES TO REVIEW CONNECTICUT SALES TAX CASE HOLDING THAT STATE LACKED JURISDICTION OVER...
July 17, 1991 TO: BROKER/DEALER ADVISORY COMMITTEE NO. 24-91 RE: MEETING NOTICE - SEPTEMBER 25, 1991 MARK YOUR CALENDARS! __________________________________________________________ This memo is to advise you that the next meeting of the Broker/Dealer Advisory Committee will be held in...
July 17, 1991 TO: CLOSED-END FUND MEMBERS NO. 30-91 RE: APPEALS COURT RULES THAT CLOSED-END FUND PROSPECTUS WAS NOT MATERIALLY MISLEADING __________________________________________________________ The U.S. Court of Appeals for the Second Circuit, affirming the lower court's decision...
July 16, 1991 TO: SEC RULES MEMBERS NO. 38-91 INVESTMENT ADVISER MEMBERS NO. 30-91 RE: NEW JERSEY CASINO CONTROL ACT AMENDED __________________________________________________________ The Institute is pleased to inform you that Senate Bill 3279 has been passed by the New Jersey...
July 16, 1991 TO: PENSION MEMBERS NO. 27-91 RE: IRS SIMPLIFIES DESERT STORM IRA REPORTING __________________________________________________________ As we previously informed you, the procedures for reporting 1990 IRA contributions received after April 15, 1991 for Desert Storm...
July 16, 1991 TO: SEC RULES COMMITTEE NO. 40-91 CLOSED-END FUND COMMITTEE NO. 18-91 RE: SEC PROPOSES AMENDMENTS TO RULES GOVERNING "ROLLUP" TRANSACTIONS __________________________________________________________ The SEC has issued rule proposals aimed at curbing abuses in limited...
July 16, 1991 TO: INTERNATIONAL COMMITTEE NO. 15-91 RE: TREASURY DEPARTMENT SOLICITS INSTITUTE INPUT IN CONNECTION WITH NORTH AMERICAN FREE TRADE AGREEMENT __________________________________________________________ Officials at the U.S. Treasury Department have asked the Institute...
July 15, 1991 TO: ACCOUNTING/TREASURERS COMMITTEE NO. 18-91 CLOSED-END FUND MEMBERS NO. 28-91 OPERATIONS MEMBERS NO. 18-91 PENSION MEMBERS NO. 25-91 TAX MEMBERS NO. 26-91 TRANSFER AGENT ADVISORY COMMITTEE NO. 32-91 UNIT INVESTMENT TRUST COMMITTEE NO. 26-91 RE: INTERNAL REVENUE SERVICE...
- 1 - July 15, 1991 TO: ACCOUNTING/TREASURERS COMMITTEE NO. 19-91 CLOSED-END FUND MEMBERS NO. 29-91 OPERATIONS MEMBERS NO. 19-91 PENSION MEMBERS NO. 26-91 TAX MEMBERS NO. 27-91 TRANSFER AGENT ADVISORY COMMITTEE NO. 33-91 UNIT INVESTMENT TRUST COMMITTEE NO. 27-91 RE: INTERNAL REVENUE...
July 12, 1991 TO: SEC RULES COMMITTEE NO. 39-91 MONEY MARKET FUNDS AD HOC COMMITTEE NO. 19-91 RE: INSTITUTE URGES SEC TO EXEMPT TAXABLE MONEY MARKET FUNDS FROM BOARD RATIFICATION REQUIREMENT __________________________________________________________ As we recently informed you, when...
July 12, 1991 TO: INTERNATIONAL COMMITTEE NO. 14-91 RE: SECURITIES AND INVESTMENTS BOARD ISSUES RULES REGARDING NEW TYPES OF UNIT TRUSTS, COLD CALLING __________________________________________________________ Attached is a copy of the latest monthly report prepared for the Institute...
July 12, 1991 TO: MONEY MARKET FUNDS AD HOC COMMITTEE NO. 18-91 RE: INSTITUTE REQUEST FOR INTERPRETIVE GUIDANCE ON ITEMS IN FORMS N-1A AND N-SAR RELATING TO MONEY MARKET FUNDS __________________________________________________________ The Institute requested interpretive guidance from...
July 11, 1991 TO: INVESTMENT ADVISERS COMMITTEE NO. 30-91 NORTH CAROLINA MEMBERS NORTH CAROLINA ASSOCIATE MEMBERS RE: NORTH CAROLINA LEGISLATURE APPROVES ENFORCEMENT PROVISIONS TO INVESTMENT ADVISERS ACT __________________________________________________________ Attached is Senate...
July 11, 1991 TO: FEDERAL LEGISLATION MEMBERS NO. 8-91 FEDERAL LEGISLATION COMMITTEE NO. 9-91 RE: INSTITUTE TESTIMONY ON SEC REGULATION OF BANK SECURITIES ACTIVITIES __________________________________________________________ Last month, the Institute testified before the...
July 11, 1991 TO: PENSION MEMBERS NO. 24-91 INVESTMENT ADVISER MEMBERS NO. 29-91 INVESTMENT ADVISER ASSOCIATE MEMBERS NO. 29-91 RE: INSTITUTE TESTIFIES IN FAVOR OF ERISA 404(c) REGULATION __________________________________________________________ The Institute presented the opening...
July 11, 1991 TO: FEDERAL LEGISLATION MEMBERS NO. 7-91 FEDERAL LEGISLATION COMMITTEE NO. 8-91 RE: WAYS AND MEANS LEADERSHIP INTRODUCES MUTUAL FUND BILL __________________________________________________________ On June 24, a bipartisan group of the House Ways and Means Committee, led...
July 11, 1991 TO: INTERNATIONAL COMMITTEE NO. 13-91 RE: EUROPEAN DEVELOPMENTS IN MUTUAL FUND TAXATION __________________________________________________________ This memorandum summarizes recent tax developments in Europe regarding mutual fund taxation. 1. United Kingdom: U.K...
