May 29, 1991 TO: RESEARCH COMMITTEE NO. 16-91 RE: COMMITTEE MEETING AGENDA AND PAPERS @@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@ The Research Committee will meet at the Madison Hotel, 15th and M Street, on Wednesday June 6, 1991, beginning at 9:30 a.m. We expect to...
May 29, 1991 TO: INVESTMENT ADVISERS COMMITTEE NO. 23-91 RE: INSTITUTE COMMENTS ON TEXAS INSTITUTIONAL EXEMPTION PROPOSAL __________________________________________________________ As we previously informed you, the Texas Securities Board has proposed an exemption from investment...
May 29, 1991 TO: MONEY MARKET MEMBERS - ONE PER COMPLEX NO. 12-91 RE: SEC PROPOSAL TO RESCIND TEMPORARY EXEMPTIVE RULES APPLICABLE TO MONEY MARKET FUNDS __________________________________________________________ The SEC has proposed to rescind two temporary exemptive rules that were...
May 28, 1991 TO: INVESTMENT ADVISER ASSOCIATE MEMBERS NO. 20-91 INVESTMENT ADVISER MEMBERS NO. 19-91 RE: RECENT STATE ADVISER RULE CHANGES IN MAINE AND TENNESSEE __________________________________________________________ Several states have recently amended their investment adviser...
May 28, 1991 TO: STATE SECURITIES MEMBERS NO. 23-91 RE: COLORADO SETS EXEMPTION AND REGISTRATION FEES __________________________________________________________ As we previously informed you, the Colorado Securities Division recommended that mutual funds delay submitting their renewal...
May 28, 1991 TO: DIRECT MARKETING COMMITTEE NO. 16-91 MARKETING COMMITTEE NO. 21-91 PUBLIC INFORMATION COMMITTEE NO. 19-91 RESEARCH COMMITTEE NO. 14-91 SALES FORCE MARKETING COMMITTEE NO. 17-91 SHAREHOLDER COMMUNICATIONS COMMITTEE NO. 14-91 SMALL FUNDS COMMITTEE NO. 6-91 MEMBERS...
May 24, 1991 TO: TAX COMMITTEE NO. 13-91 RE: PASS-THROUGH LEGISLATION INTRODUCED IN PENNSYLVANIA __________________________________________________________ As you may know, the Institute has retained local counsel in Pennsylvania to seek legislation to exempt from state income tax...
May 24, 1991 TO: STATE SECURITIES MEMBERS NO. 22-91 RE: VIRGINIA AMENDS RENEWAL PROCEDURE __________________________________________________________ Please be advised that a technical amendment has been made to Section 13.1-512 of the Virginia Securities Act, effective July 1, 1991...
May 24, 1991 TO: TAX MEMBERS NO. 17-91 MONEY MARKET MEMBERS - ONE PER COMPLEX NO. 11-91 RE: CONNECTICUT RULES THAT PUERTO RICAN OBLIGATION INTEREST IS TAX EXEMPT IF INCLUDED IN RIC'S EXEMPT-INTEREST DIVIDEND __________________________________________________________ In our most recent...
May 23, 1991 TO: FEDERAL LEGISLATION MEMBERS NO. 6-91 FEDERAL LEGISLATION COMMITTEE NO. 7-91 RE: REPORT OF THE CHAIRMAN OF THE FEDERAL LEGISLATION COMMITTEE, MAY 1991 __________________________________________________________ Attached is a copy of the Report of the Chairman of the...
May 23, 1991 TO: CLOSED-END FUND COMMITTEE NO. 11-91 SEC RULES COMMITTEE NO. 29-91 RE: CONGRESS CONSIDERING AMENDMENTS TO SECTION 11(a) OF THE SECURITIES EXCHANGE ACT __________________________________________________________ The Subcommittee on Telecommunications and Finance of the...
May 22, 1991 TO: MONEY MARKET MEMBERS - ONE PER COMPLEX NO. 10-91 SEC RULES MEMBERS NO. 32-91 RE: SEC CENSURES ADVISER TO MONEY MARKET FUND __________________________________________________________ The SEC recently censured an investment adviser to a money market fund for violations...
May 21, 1991 TO: INTERNATIONAL COMMITTEE NO. 6-91 RE: STATUS OF HARMONIZATION OF CORPORATE TAXATION IN THE EC AND OF INVESTMENT SERVICES AND CAPITAL ADEQUACY DIRECTIVES __________________________________________________________ As agreed at the Committee's initial meeting on April 9...
May 21, 1991 TO: INVESTMENT ADVISER MEMBERS NO. 17-91 INVESTMENT ADVISER ASSOCIATE MEMBERS NO. 19-91 BROKER/DEALER ADVISORY COMMITTEE NO. 16-91 RE: SEC OUTLINE ON SOFT DOLLARS __________________________________________________________ Attached for your information is an outline...
May 21, 1991 TO: INVESTMENT ADVISER MEMBERS NO. 18-91 SEC RULES MEMBERS NO. 31-91 INTERNATIONAL MEMBERS NO. 1-91 RE: SEC GRANTS CLASS EXEMPTIONS FROM 1934 ACT TRADING RESTRICTIONS FOR CERTAIN NON-U.S. SECURITIES AND RIGHTS OFFERINGS ____________________________________________________...
May 21, 1991 TO: ACCOUNTING/TREASURERS MEMBERS NO. 12-91 CLOSED-END FUND MEMBERS NO. 21-91 TAX MEMBERS NO. 16-91 RE: PROPOSED REGULATIONS ON REPORTING OF TRANSACTIONS INVOLVING MONETARY INSTRUMENTS OF UNDER $10,000 __________________________________________________________ As we...
May 21, 1991 TO: BROKER/DEALER ADVISORY COMMITTEE NO. 17-91 RE: MUTUAL FUNDS STATUS REPORT FOR MONTH ENDING APRIL, 1991 __________________________________________________________ Attached is a copy of the Mutual Funds Status Report for the month ending April, 1991. We will continue to...
May 20, 1991 TO: TAX MEMBERS NO. 15-91 ACCOUNTING/TREASURERS MEMBERS NO. 11-91 RE: SUPREME COURT DECISION IN COTTAGE SAVINGS ASSN. V. COMMISSIONER __________________________________________________________ The Supreme Court recently ruled in Cottage Savings Assn. v. Commissioner, 59 U...
May 24, 1991 TO: BOARD OF GOVERNORS NO. 35-91 MEMBERS - ONE PER COMPLEX NO. 20-91 DIRECT MARKETING COMMITTEE NO. 15-91 MARKETING COMMITTEE NO. 20-91 PUBLIC INFORMATION COMMITTEE NO. 18-91 RESEARCH COMMITTEE NO. 12-91 SALES FORCE MARKETING COMMITTEE NO. 16-91 SHAREHOLDER COMMUNICATIONS...
May 20, 1991 TO: RESEARCH COMMITTEE NO. 13-91 RE: MEETING DATES AND AGENDAS - JUNE 1991 @@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@ The following upcoming meetings are scheduled: June 5 Research Methods Subcommittee, ICI Board Room, 1600 M Street NW...
May 20, 1991 TO: OPERATIONS COMMITTEE NO. 16-91 RE: NOTICE OF MEETING - JUNE 27, 1991 __________________________________________________________ This is to advise you that there will be a meeting of the Operations Committee starting at 10:00 a.m. in the Monticello Room at The Madison...
May 20, 1991 TO: INVESTMENT ADVISERS COMMITTEE NO. 21-91 RE: TEXAS PROPOSES EXEMPTION FOR ADVISERS TO PENSION PLANS __________________________________________________________ Attached is a recent proposal by the Texas State Securities Board to expand the institutional exemption to...
May 20, 1991 TO: COMPLIANCE COMMITTEE NO. 4-91 RE: FALL MEETING __________________________________________________________ In response to inquiries the Institute has received with respect to the date of the next Compliance Committee meeting, this is to advise you that the next meeting...
May 17, 1991 TO: BOARD OF GOVERNORS NO. 34-91 RE: INSTITUTE TESTIMONY ON FINANCIAL SERVICES REFORM __________________________________________________________ On May 16, the Institute testified before the Senate Banking Committee on legislation to modernize the financial services...
