October 26, 1990 TO: PENSION COMMITTEE NO. 26-90 RE: INSTITUTE REQUESTS IRS TO APPROVE PROTOTYPE SARSEPS __________________________________________________________ The Institute understands that many eligible small employers have expressed interest in adopting a simplified employee...
October 26, 1990 TO: SEC RULES COMMITTEE NO. 57-90 INTERNATIONAL FUNDS TASK FORCE NO. 25-90 RE: STATUS OF SECURITIES TRADED IN A MARKET WHEN THE NORMAL SETTLEMENT PERIOD IS MORE THAN SEVEN DAYS __________________________________________________________ We recently learned of a fund...
October 26, 1990 TO: CONTRACTUAL PLANS COMMITTEE NO. 11-90 RE: INSTITUTE SUBMITS CONTRACTUAL PLAN MEMORANDUM TO NASAA COMMITTEE __________________________________________________________ As we previously informed you, the NASAA Investment Company Registration/Trading Practices...
October 26, 1990 TO: CONTRACTUAL PLANS COMMITTEE NO. 12-90 RE: COMMENTS ON NEW MEXICO PROPOSED RULES __________________________________________________________ The New Mexico Securities Division recently asked for comments regarding a comprehensive package of proposed rules, two of...
October 26, 1990 TO: INVESTMENT ADVISERS COMMITTEE NO. 36-90 RE: ERISA FIDUCIARY GUIDELINES FOR INVESTMENT ADVISERS __________________________________________________________ As you recall, the Institute is concerned with recent federal litigation against investment advisers to ERISA...
October 24, 1990 TO: BOARD OF GOVERNORS NO. 78-90 SEC RULES MEMBERS NO. 73-90 RE: SEC CHARGES FUND OFFICER WITH FRAUD IN CONNECTION WITH SALE OF AFFILIATED COMPANY; TRUSTEE TAKES POSSESSION OF FUND ASSETS __________________________________________________________ The SEC has charged...
October 24, 1990 TO: UNIT INVESTMENT TRUST COMMITTEE NO. 47-90 RE: CALIFORNIA AMENDS PROPOSED REGULATION EXEMPTING RESALES OF UNIT TRUSTS __________________________________________________________ As we previously informed you, the California Corporations Comission proposed a rule to...
October 23, 1990 TO: BROKER/DEALER ADVISORY COMMITTEE NO. 37-90 INSURANCE COMPANY-DTC-FUND/SERV ADVISORY COMMITTEE NO. 9-90 RE: STATUS REPORT & REQUEST FOR COMMENT - AUGUST 1990 __________________________________________________________ The enclosed report is the landscape document...
October 23, 1990 TO: BOARD OF GOVERNORS NO. 76-90 RE: Preliminary Schedule - Board of Governors Winter Meeting __________________________________________________________ Enclosed is the preliminary schedule for the Board of Governors Meeting scheduled January 29-31, 1991 at the Mauna...
- 1 - October 23, 1990 TO: MEMBERS - ONE PER COMPLEX NO. 47-90 TAX MEMBERS NO. 46-90 RE: MARYLAND REQUEST FOR INFORMATION ON FUND ASSETS FOR PURPOSES OF SHAREHOLDER REFUNDS __________________________________________________________ The Maryland Court of Appeals (Maryland's highest...
October 23, 1990 TO: BOARD OF GOVERNORS NO. 77-90 CLOSED-END FUND MEMBERS NO. 42-90 INVESTMENT ADVISER MEMBERS NO. 50-90 INVESTMENT ADVISER ASSOCIATE MEMBERS NO. 45-90 SEC RULES MEMBERS NO. 72-90 RE: FEDERAL SECURITIES BILLS BECOME LAW _________________________________________________...
October 23, 1990 TO: CLOSED-END FUND COMMITTEE NO. 24-90 RE: INSTITUTE COMMENTS ON SEC RELEASE REGARDING REFORM OF REGULATION OF INVESTMENT COMPANIES - HYBRID FUNDS PROPOSAL __________________________________________________________ Two years ago, as part of its 1990s project, the...
October 22, 1990 TO: TRANSFER AGENT ADVISORY COMMITTEE NO. 43-90 RE: NOTICE OF MEETING - DECEMBER 5, 1990 __________________________________________________________ This is to advise you that there will be a meeting of the Transfer Agent Advisory Committee starting at 10:00 a.m. on...
October 22, 1990 TO: ACCOUNTING/TREASURERS COMMITTEE NO. 32-90 INDEPENDENT ACCOUNTANTS ADVISORY GROUP RE: NOTICE OF MEETING - DECEMBER 13, 1990 __________________________________________________________ This is to advise you that the next meeting of the Accounting/Treasurers Committee...
October 22, 1990 TO: MEMBERS - ONE PER COMPLEX NO. 46-90 RE: Member Benefits and Services Brochure __________________________________________________________ I am pleased to enclose a copy of our newly printed 'Member Benefits and Services' brochure. It contains a summary of the...
- 1 - October 22, 1990 TO: PENSION COMMITTEE NO. 25-90 RE: STATUS OF ERISA SECTION 404(c) __________________________________________________________ As we discussed at the last Pension Committee meeting, Institute staff and representatives from individual fund sponsors met with...
October 19, 1990 TO: UNIT INVESTMENT TRUST MEMBERS NO. 68-90 RE: NORTH DAKOTA EXEMPTS MUTUAL FUND SALES LITERATURE FROM FILING REQUIREMENT __________________________________________________________ As you know, the Institute has been working for several years to eliminate the sales...
October 19, 1990 TO: INVESTMENT ADVISERS COMMITTEE NO. 35-90 RHODE ISLAND INVESTMENT ADVISER ASSOCIATE MEMBERS RE: PROPOSED RHODE ISLAND ADVISER REGISTRATION REGULATIONS __________________________________________________________ Attached are the proposed rules regarding the...
October 19, 1990 TO: TRANSFER AGENT ADVISORY COMMITTEE NO. 42-90 RE: SUMMARY OF SEPTEMBER 13, 1990 MEETING __________________________________________________________ As reported at the September 13th meeting, the status of each of the Advisory Committee's projects is described below...
October 19, 1990 TO: UNIT INVESTMENT TRUST COMMITTEE NO. 46-90 RE: SEC STAFF LETTER ON DISCREPANCIES IN COMPUTATIONS OF IRR AND ELTR __________________________________________________________ Attached is a letter from Bob Plaze of the Division of Investment Management in response to...
October 18, 1990 TO: OPERATIONS COMMITTEE NO. 23-90 TRANSFER AGENT ADVISORY COMMITTEE NO. 41-90 RE: CONFIRMATION PROCEDURES ON VOICE-INITIATED TRANSACTIONS __________________________________________________________ At the Operations Committee meeting on September 17, 1990, a copy of...
- 1 - October 18, 1990 TO: MONEY MARKET MEMBERS - ONE PER COMPLEX NO. 15-90 TAX MEMBERS NO. 45-90 RE: NORTH CAROLINA ALLOWS FULL PASS-THROUGH OF FEDERAL OBLIGATION INTEREST __________________________________________________________ The Institute is pleased to inform you that North...
October 18, 1990 TO: SEC RULES MEMBERS NO. 71-90 SUBCOMMITTEE ON ADVERTISING HIGH YIELD BOND TASK FORCE RE: SEC STAFF ISSUES LETTER ON HIGH YIELD BOND FUND YIELDS __________________________________________________________ Gene Gohlke, the Acting Director of the Division of Investment...
October 17, 1990 TO: MONEY MARKET MEMBERS - ONE PER COMPLEX NO. 14-90 RE: SEC INSPECTIONS OF MONEY MARKET FUNDS __________________________________________________________ This is to inform you that at a recent conference, Gene Gohlke, Acting Director of the SEC's Division of...
