December 11, 1990 TO: SEC RULES MEMBERS NO. 84-90 RE: SEC NO-ACTION LETTER ALLEVIATING TIMING PROBLEMS UNDER PROXY RULES CONCERNING ADVISER'S BALANCE SHEET AND SHAREHOLDER MEETING __________________________________________________________ The Division of Investment Management recently...
December 11, 1990 TO: MARKETING COMMITTEE NO. 25-90 RE: MEETING NOTICE, TUESDAY, JANUARY 8, 1991 __________________________________________________________ A meeting of the Marketing Committee has been called for 10:00 am Tuesday, January 8, 1991 in the Institute offices, 1600 M...
December 10, 1990 TO: TAX COMMITTEE NO. 32-90 PENSION COMMITTEE NO. 29-90 RE: NOTICE OF MEETINGS, TUESDAY, JANUARY 8, 1991 __________________________________________________________ The Tax and Pension Committee meetings have been scheduled for Tuesday, January 8, 1991. The Tax...
December 10, 1990 TO: OPERATIONS MEMBERS NO. 34-90 ACCOUNTING/TREASURERS MEMBERS NO. 28-90 SEC RULES MEMBERS NO. 83-90 TAX MEMBERS NO. 54-90 CLOSED-END FUND MEMBERS NO. 50-90 BROKER/DEALER ADVISORY COMMITTEE NO. 47-90 TRANSFER AGENT ADVISORY COMMITTEE NO. 50-90 RE: NSCC'S MUTUAL FUND...
December 7, 1990 TO: ACCOUNTING/TREASURERS COMMITTEE NO. 37-90 INDEPENDENT ACCOUNTANTS ADVISORY GROUP RE: MEETING AGENDA - DECEMBER 13, 1990 __________________________________________________________ Attached is the agenda for the Accounting/Treasurers Committee and the Independent...
December 7, 1990 TO: BROKER/DEALER ADVISORY COMMITTEE NO. 46-90 RE: DOCUMENTATION FOR NSCC'S PORTION OF THE DECEMBER 14, 1990 MEETING __________________________________________________________ Attached is the documentation for the National Securities Clearing Corporation's portion of...
- 1 - December 6, 1990 TO: BOARD OF GOVERNORS NO. 82-90 RE: UNITED KINGDOM AGREES TO REFUND DIVIDENDS WITHHELD TO MASSACHUSETTS BUSINESS TRUSTS __________________________________________________________ We are pleased to inform you that the United Kingdom has consented, subject to the...
December 6, 1990 TO: TAX COMMITTEE NO. 31-90 MONEY MARKET FUNDS AD HOC COMMITTEE NO. 6-90 TAX ADVISORY COMMITTEE RE: MEETING ON TAX ISSUES INVOLVING VARIABLE RATE TRUST CERTIFICATES AND RELATED PRODUCTS __________________________________________________________ A meeting will be held...
December 5, 1990 TO: SEC RULES MEMBERS NO. 82-90 SUBCOMMITTEE ON ADVERTISING RE: SEC STAFF LETTER ON PROVIDING PERFORMANCE INFORMATION FOR NEWSPAPER YIELD TABLES __________________________________________________________ The staff of the Division of Investment Management has written a...
December 4, 1990 TO: TAX COMMITTEE NO. 30-90 SUBCOMMITTEE ON ADVERTISING RE: TAXABLE-EQUIVALENT YIELDS FOR TAX-EXEMPT FUNDS __________________________________________________________ As you may know, the Omnibus Budget Reconciliation Act of 1990 ("OBRA 90") modified the individual...
December 4, 1990 TO: PENSION COMMITTEE NO. 28-90 RE: ERISA ENFORCEMENT PACKAGE __________________________________________________________ As we previously informed you, the Department of Labor is proposing to amend certain provisions of ERISA in order to strengthen the regulatory...
December 4, 1990 TO: DIRECT MARKETING COMMITTEE NO. 29-90 RE: MINUTES OF LAST MEETING; PLANS FOR UPCOMING MEETING __________________________________________________________ Here are the minutes of the last meeting of the Direct Marketing Committee, which was held in Washington, DC on...
December 4, 1990 TO: BOARD OF GOVERNORS NO. 81-90 RE: ICI COMMENT LETTER ON PROPOSED CHANGES TO RULES GOVERNING INDEX PARTICIPATIONS __________________________________________________________ Attached is a copy of a comment letter recently submitted by the Institute to the Securities...
December 4, 1990 TO: BROKER/DEALER ADVISORY COMMITTEE NO. 44-90 RE: MEETING AGENDA - DECEMBER 14, 1990 __________________________________________________________ Attached is the agenda for the December 14, 1990 Broker/Dealer Advisory Committee meeting which will be held starting at 8...
December 4, 1990 TO: SEC RULES MEMBERS NO. 81-90 BROKER/DEALER ADVISORY COMMITTEE NO. 45-90 BROKER/DEALER ASSOCIATE MEMBERS NO. 5-90 RE: NASD CUSTOMER ACCOUNT INFORMATION RULE __________________________________________________________ As we previously informed you, the NASD adopted...
- 1 - November 30, 1990 TO: TAX MEMBERS NO. 52-90 ACCOUNTING/TREASURERS MEMBERS NO. 26-90 INTERNATIONAL FUNDS TASK FORCE NO. 29-90 RE: UNITED KINGDOM AGREES TO REFUND DIVIDENDS WITHHELD TO MASSACHUSETTS BUSINESS TRUSTS __________________________________________________________ We are...
November 30, 1990 TO: STATE LIAISON COMMITTEE NO. 29-90 RE: TEXAS PROPOSES RULE EXCLUDING 144A SECURITIES FROM INVESTMENT RESTRICTION __________________________________________________________ We are pleased to inform you that the Texas State Securities Board recently proposed for...
- 1 - November 30, 1990 TO: TAX MEMBERS NO. 53-90 ACCOUNTING/TREASURERS MEMBERS NO. 27-90 CLOSED-END FUND MEMBERS NO. 49-90 RE: IRS ISSUES FINAL SECTION 852(b)(3)(C) POST-OCTOBER LOSS REGULATIONS __________________________________________________________ We are pleased to inform you...
- 1 - November 29, 1990 TO: MONEY MARKET FUNDS AD HOC COMMITTEE NO. 5-90 RE: DECEMBER 18 MEETING TO DISCUSS TAX-EXEMPT MONEY MARKET FUNDS __________________________________________________________ The Institute has scheduled a meeting for Tuesday, December 18, 1990 to discuss...
November 29, 1990 TO: TRANSFER AGENT ADVISORY COMMITTEE NO. 49-90 RE: SURVEY OF BOOK VERSUS PHYSICAL SHARES FOR OPEN-END AND CLOSED-END FUNDS - 1989 _____________________________________________________________ Enclosed is the Survey of Book Versus Physical Shares for Open- End and...
November 29, 1990 TO: STATE SECURITIES MEMBERS NO. 33-90 UNIT INVESTMENT TRUST MEMBERS NO. 75-90 RE: ALABAMA ADOPTS FORM TO CLAIM BLUE CHIP EXEMPTION __________________________________________________________ As we previously informed you, effective January 1, 1991, a qualified mutual...
November 28, 1990 TO: INVESTMENT ADVISER MEMBERS NO. 55-90 INVESTMENT ADVISER ASSOCIATE MEMBERS NO. 51-90 RE: RHODE ISLAND ISSUES FINAL INVESTMENT ADVISER REGULATIONS __________________________________________________________ The Rhode Island Division of Securities has issued final...
- 1 - November 28, 1990 TO: TAX MEMBERS NO. 51-90 ACCOUNTING/TREASURERS MEMBERS NO. 25-90 CLOSED-END FUND MEMBERS NO. 48-90 RE: EXPECTED ISSUANCE OF FINAL SECTION 852(b)(3)(C) POST-OCTOBER LOSS REGULATIONS __________________________________________________________ Background As you...
November 27, 1990 TO: TRANSFER AGENT ADVISORY COMMITTEE NO. 48-90 RE: MEETING AGENDA - DECEMBER 5, 1990 __________________________________________________________ Attached is the agenda for the Transfer Agent Advisory Committee meeting which will begin at 9:00 a.m. on Wednesday...
1 */ The BDAC members of the liaison group also served as representatives of the Technical Tax Committee of the Securities Industry Association (SIA). - 1 - November 26, 1990 TO: OPERATIONS MEMBERS NO. 33-90 ACCOUNTING/TREASURERS MEMBERS NO. 24-90 TAX MEMBERS NO. 50-90 SEC RULES...
