July 10, 1990 TO: STATE SECURITIES MEMBERS NO. 22-90 UNIT INVESTMENT TRUST MEMBERS NO. 48-90 RE: PENNSYLVANIA ENACTS NEW FEE LEGISLATION; REMOVES FEE CAP FOR INITIAL REGISTRATION __________________________________________________________ Legislation amending the securities...
July 10, 1990 TO: STATE LIAISON COMMITTEE NO. 14-90 RE: INSTITUTE WRITES WISCONSIN REQUESTING REPEAL OR SUSPENSION OF INVESTMENT RESTRICTIONS __________________________________________________________ The Institute recently wrote the Wisconsin Commissioner of Securities requesting...
July 9, 1990 TO: INVESTMENT ADVISER MEMBERS NO. 28-90 INVESTMENT ADVISER ASSOCIATE MEMBERS NO. 26-90 RE: VIRGINIA ALLOWS PERFORMANCE BASED FEES __________________________________________________________ The Virginia Corporation Commission promulgated regulations effective July 1, 1990...
July 6, 1990 TO: TAX MEMBERS NO. 21-90 CLOSED-END FUND MEMBERS NO. 25-90 UNIT INVESTMENT TRUST MEMBERS NO. 46-90 OPERATIONS MEMBERS NO. 17-90 TRANSFER AGENT ADVISORY COMMITTEE NO. 19-90 ACCOUNTING/TREASURERS MEMBERS NO. 14-90 RE: IRS WAIVES PENALTIES FOR 1989 INFORMATION RETURNS...
- 1 - July 6, 1990 TO: PENSION COMMITTEE NO. 14-90 RE: TULARE COUNTY CALIFORNIA HOLD HARMLESS AGREEMENTS __________________________________________________________ As you recall, the Institute is attempting to negotiate with California public school systems on a county-wide basis to...
July 6, 1990 TO: TAX MEMBERS NO. 22-90 UNIT INVESTMENT TRUST MEMBERS NO. 47-90 CLOSED-END FUND MEMBERS NO. 26-90 OPERATIONS MEMBERS NO. 18-90 TRANSFER AGENT ADVISORY COMMITTEE NO. 20-90 RE: IRS SEMINARS ON MAGNETIC MEDIA REPORTING ______________________________________________________...
July 6, 1990 TO: UNIT INVESTMENT TRUST MEMBERS NO. 44-90 RE: VIRGINIA ADOPTS REFUND RULE __________________________________________________________ As we previously informed you, the Institute has been working with the Virginia Corporations Commission and the Virginia Securities...
July 6, 1990 TO: SEC RULES MEMBERS NO. 48-90 STATE SECURITIES MEMBERS NO. 21-90 CLOSED-END FUND MEMBERS NO. 24-90 UNIT INVESTMENT TRUST MEMBERS NO. 45-90 RE: CALIFORNIA ISSUES PROPOSED FINAL ANTI-APARTHEID DISCLOSURE REGULATIONS ________________________________________________________...
July 3, 1990 TO: INSTITUTIONAL FUNDS COMMITTEE NO. 1-90 RE: COMPTROLLER PROPOSES CHANGES TO RULES GOVERNING INVESTMENT OF IDLE TRUST FUNDS __________________________________________________________ The Office of the Comptroller of the Currency has proposed amendments to its...
July 3, 1990 TO: UNIT INVESTMENT TRUST MEMBERS NO. 43-90 RE: INDIANA ISSUES MANUAL EXEMPTION ORDER __________________________________________________________ The Indiana Securities Commissioner recently issued an administrative order outlining the conditions for claiming the manual...
July 2, 1990 TO: UNIT INVESTMENT TRUST COMMITTEE NO. 29-90 JOINT TASK FORCE ON UIT YIELD RE: INSTITUTE RESPONDS TO SEC STAFF COMMENTS ON PROPOSED YIELD FORMULA FOR UNIT INVESTMENT TRUSTS __________________________________________________________ As we previously informed you, in late...
July 2, 1990 TO: INVESTMENT ADVISER MEMBERS NO. 27-90 INVESTMENT ADVISER ASSOCIATE MEMBERS NO. 25-90 RE: SOUTH CAROLINA AMENDS UNIFORM SECURITIES ACT __________________________________________________________ The South Carolina Uniform Securities Act was amended effective July 1, 1990...
July 2, 1990 TO: BOARD OF GOVERNORS NO. 47-90 SEC RULES MEMBERS NO. 47-90 PROSPECTUS REFORM AD HOC COMMITTEE RE: INSTITUTE LETTER TO SEC STAFF CONCERNING PROSPECTUS REFORM __________________________________________________________ As you know, the Institute has expressed its concern...
June 29, 1990 TO: SEC RULES COMMITTEE NO. 36-90 INVESTMENT ADVISERS COMMITTEE NO. 22-90 RE: NEW JERSEY CASINO COMMISSION TO RECONSIDER FIVE PERCENT LIMITATION ON INSTITUTIONAL INVESTORS __________________________________________________________ Last year the New Jersey Casino...
June 29, 1990 TO: CLOSED-END FUND MEMBERS NO. 23-90 SEC RULES MEMBERS NO. 45-90 UNIT INVESTMENT TRUST COMMITTEE NO. 28-90 INTERNATIONAL FUNDS TASK FORCE NO. 15-90 RE: INSTITUTE FILES COMMENT LETTER RECOMMENDING EXTENSION OF REGULATION S TO OPEN-END INVESTMENT COMPANIES AND UNIT...
June 29, 1990 TO: STATE SECURITIES MEMBERS NO. 20-90 UNIT INVESTMENT TRUST MEMBERS NO. 42-90 RE: COLORADO ISSUES ADOPTS FORMS AND SETS FEES __________________________________________________________ As we previously informed you, legislation was enacted in Colorado that completely...
June 29, 1990 TO: STATE SECURITIES MEMBERS NO. 19-90 UNIT INVESTMENT TRUST MEMBERS NO. 41-90 RE: SOUTH CAROLINA RAISES REGISTRATION FEES __________________________________________________________ As we previously informed you, legislation revising the current securities registration...
June 29, 1990 TO: SEC RULES MEMBERS NO. 46-90 RE: WASHINGTON REQUIREMENT THAT MUTUAL FUNDS AND MONEY MARKET FUNDS MUST POST BOND IF STATE OR LOCAL MUNICIPALITY INVESTS IN FUND __________________________________________________________ The Institute has recently been made aware of a...
June 28, 1990 TO: BOARD OF GOVERNORS NO. 46-90 RE: SUPREME COURT DENIES CERT. IN INDEX PARTICIPATIONS CASE __________________________________________________________ On June 18, the U.S. Supreme Court denied certiorari in the case concerning "index participations." The Court's action...
June 28, 1990 TO: UNIT INVESTMENT TRUST MEMBERS NO. 40-90 RE: VERMONT ISSUES ADMINISTRATIVE ORDER GRANTING AN EXEMPTION FOR RESALES __________________________________________________________ In most states, unit trusts rely on an exemption from registration under the state securities...
June 28, 1990 TO: DIRECT MARKETING COMMITTEE NO. 15-90 SALES FORCE MARKETING COMMITTEE NO. 15-90 SHAREHOLDER COMMUNICATIONS COMMITTEE NO. 14-90 PUBLIC INFORMATION COMMITTEE NO. 21-90 RESEARCH COMMITTEE NO. 14-90 SMALL FUNDS COMMITTEE NO. 9-90 RE: FIFTH ANNUAL ADVERTISING/MARKETING...
June 27, 1990 TO: PUBLIC INFORMATION COMMITTEE NO. 20-90 RE: PUBLIC INFORMATION COMMITTEE __________________________________________________________ The preliminary agenda for the July 16 Public Information Committee meeting is enclosed. If you have any suggestions for revisions or...
June 27, 1990 TO: BROKER/DEALER ADVISORY COMMITTEE NO. 21-90 RE: FUND/SERV STATUS REPORT FOR MONTH ENDING MAY, 1990 __________________________________________________________ Attached is a copy of the Fund/SERV Status Report for the month ending May, 1990. We will continue to send you...
June 26, 1990 TO: SEC RULES MEMBERS NO. 44-90 ACCOUNTING/TREASURERS MEMBERS NO. 13-90 RE: TREASURY DEPARTMENT LETTER ON TRI-PARTY REPOS __________________________________________________________ The Department of the Treasury has issued a letter meant to clarify when "tri-party" repos...
June 26, 1990 TO: BOARD OF GOVERNORS NO. 45-90 RE: HOUSE APPROVES H.R. 3657, THE "SECURITIES MARKETS REFORM ACT OF 1990" __________________________________________________________ The U.S. House of Representatives has approved by voice vote H.R. 3657, the "Securities Markets Reform...
