June 27, 1991 TO: SEC RULES MEMBERS NO. 37-91 RE: SEC STAFF MODIFIES ITS POSITION ON LIQUIDITY OF MUNICIPAL LEASE SECURITIES __________________________________________________________ Last year, the SEC staff stated in its industry comment letter that it considers municipal lease...
June 27, 1991 TO: STATE LIAISON COMMITTEE NO. 15-91 UNIT INVESTMENT TRUST COMMITTEE NO. 24-91 EDGAR PILOT FILERS RE: NASAA REQUESTS PARTICIPATION IN SRD DESIGN __________________________________________________________ As you know, NASAA is proposing to develop a one-stop electronic...
June 27, 1991 TO: MONEY MARKET FUNDS AD HOC COMMITTEE NO. 16-91 ACCOUNTING/TREASURERS COMMITTEE NO. 15-91 TAX COMMITTEE NO. 21-91 RE: MEETING ON REGULATED INVESTMENT COMPANY TAX ISSUES INVOLVING SYNTHETIC SHORT-TERM MUNICIPAL OBLIGATIONS _______________________________________________...
June 26, 1991 TO: BOARD OF GOVERNORS NO. 47-91 INTERNATIONAL COMMITTEE NO. 10-91 RE: INSTITUTE LETTER TO TREASURY DEPARTMENT REGARDING CROSS- BORDER ACTIVITIES OF INVESTMENT COMPANIES __________________________________________________________ The Institute recently sent the attached...
June 26, 1991 TO: CONTRACTUAL PLANS COMMITTEE NO. 7-91 RE: NASAA COMMITTEE MEETING IN BOSTON ON JUNE 29, 1991 __________________________________________________________ As we have previously informed you, for the past several months the NASAA Investment Company Registration/Trading...
June 26, 1991 TO: PENSION COMMITTEE NO. 18-91 INVESTMENT ADVISERS COMMITTEE NO. 28-91 RE: DOL SOLICITS COMMENTS REGARDING ANNUITY SELECTION __________________________________________________________ The Department of Labor is soliciting public comments for consideration in deciding (1...
June 26, 1991 TO: PENSION COMMITTEE NO. 17-91 RE: ROSTENKOWSKI INTRODUCES PENSION SIMPLIFICATION BILL __________________________________________________________ House Ways and Means Committee Chairman Rostenkowski recently introduced H.R. 2730, the Pension Access and Simplification...
June 25, 1991 TO: BOARD OF GOVERNORS NO. 46-91 EXECUTIVE COMMITTEE NO. 12-91 RE: WAYS AND MEANS LEADERSHIP INTRODUCES MUTUAL FUND BILL __________________________________________________________ I am pleased to report a significant legislative development. Late Monday afternoon, a...
June 25, 1991 TO: INVESTMENT ADVISERS COMMITTEE NO. 27-91 RE: PROPOSED COLORADO INVESTMENT ADVISERS ACT __________________________________________________________ As we discussed at the last Investment Advisers Committee meeting, the Colorado legislature is considering enacting...
June 25, 1991 TO: TAX COMMITTEE NO. 20-91 OPERATIONS COMMITTEE NO. 21-91 ACCOUNTING/TREASURERS COMMITTEE NO. 14-91 TRANSFER AGENT ADVISORY COMMITTEE NO. 31-91 RE: BILL INTRODUCED TO REPEAL 30 PERCENT TEST, PROVIDE SHAREHOLDER BASIS REPORTING AND CLARIFY TREATMENT OF REIMBURSED...
June 25, 1991 TO: PENSION MEMBERS NO. 22-91 RE: REVISED FORM 5305-SEP __________________________________________________________ Attached is IRS Form 5305-SEP, Simplified Employee Pension - Individual Retirement Accounts Contribution Agreement (Under Section 408(k) of the Internal...
June 25, 1991 TO: PENSION COMMITTEE NO. 16-91 RE: PRYOR RELEASES DRAFT PENSION SIMPLIFICATION BILL __________________________________________________________ Senators Bentsen and Pryor recently released a draft explanation of their forthcoming Employee Benefits Simplification Act. A...
June 24, 1991 TO: BOARD OF GOVERNORS NO. 44-91 STATE LIAISON COMMITTEE NO. 14-91 UNIT INVESTMENT TRUST COMMITTEE NO. 23-91 RE: INSTITUTE FILES APPEAL IN MINNESOTA REGISTRATION FEE CASE __________________________________________________________ As we previously informed you, the...
June 24, 1991 TO: INVESTMENT ADVISERS COMMITTEE NO. 26-91 RE: IDAHO PROPOSES INVESTMENT ADVISER REPRESENTATIVE RULES __________________________________________________________ As we previously informed you, the the Idaho Code was recently amended to require registration of investment...
June 24, 1991 TO: OPERATIONS COMMITTEE NO. 20-91 TRANSFER AGENT ADVISORY COMMITTEE NO. 30-91 RE: SCHEME INVOLVING FRAUDULENT ENDORSEMENTS ON THIRD PARTY CHECKS __________________________________________________________ We have recently been made aware of the existence of a scheme...
June 24, 1991 TO: TAX MEMBERS NO. 21-91 MONEY MARKET MEMBERS - ONE PER COMPLEX NO. 17-91 RE: NORTH DAKOTA LEGISLATION ON PASS-THROUGH OF INTEREST DERIVED FROM FEDERAL OBLIGATIONS __________________________________________________________ Attached is a bill recently enacted by the...
June 24, 1991 TO: MONEY MARKET MEMBERS - ONE PER COMPLEX NO. 18-91 RE: REMINDER OF NOTIFICATION REQUIREMENT UNDER RULE 2a-7 UPON THE DEFAULT OF A PORTFOLIO SECURITY __________________________________________________________ It has come to our attention that Columbia Gas System...
June 24, 1991 TO: PENSION COMMITTEE NO. 15-91 RE: REP. CHANDLER INTRODUCES PENSION SIMPLIFICATION BILL __________________________________________________________ House Ways and Means Committee Member Rod Chandler recently introduced this year's first pension simplification bill. The...
June 24, 1991 TO: TAX COMMITTEE NO. 19-91 RE: SURVEY OF C CORPORATION/REGULATED INVESTMENT COMPANY MERGERS AND ACCUMULATED C CORPORATION EARNINGS AND PROFITS __________________________________________________________ As you know, for tax years beginning on or after January 1, 1983...
June 24, 1991 TO: BOARD OF GOVERNORS NO. 45-91 CALIFORNIA MEMBERS ONE PER COMPLEX CALIFORNIA INVESTMENT ADVISER MEMBERS CALIFORNIA ASSOCIATE MEMBERS RE: CALIFORNIA BUDGET PASSES WITHOUT SERVICE TAX __________________________________________________________ The Institute is pleased to...
June 21, 1991 TO: DIRECT MARKETING COMMITTEE NO. 22-91 MARKETING COMMITTEE NO. 29-91 RESEARCH COMMITTEE NO. 19-91 SALES FORCE MARKETING COMMITTEE NO. 22-91 SHAREHOLDER COMMUNICATIONS COMMITTEE NO. 19-91 SMALL FUNDS COMMITTEE NO. 9-91 MEMBERS INTERESTED IN PUBLIC INFORMATION NO. 11-91...
June 20, 1991 TO: MARKETING COMMITTEE NO. 28-91 RE: MINUTES OF APRIL 24 DIRECT MARKETING COMMITTEE MEETING __________________________________________________________ For your information, here are the minutes of the April 24 Direct Marketing Committee meeting. Best regards, Stephanie...
June 20, 1991 TO: DIRECT MARKETING COMMITTEE NO. 21-91 RE: MINUTES OF APRIL 24 MEETING __________________________________________________________ For your information, here are the minutes of the meeting of the Direct Marketing Committee held on April 24 in Washington, DC. As we...
June 20, 1991 TO: STATE SECURITIES MEMBERS NO. 28-91 UNIT INVESTMENT TRUST MEMBERS NO. 25-91 BLUE SKY GUIDE RECIPIENTS RE: ARIZONA INCREASES MAXIMUM REGISTRATION FEE __________________________________________________________ House Bill 2451 has been passed by the Arizona Legislature...
