May 9, 1990 TO: SEC RULES MEMBERS NO. 36-90 RE: SEC LETTER CONCERNING MONEY MARKET FUNDS ________________________________________________________ Attached is a copy of the letter from the Division of Investment Management to the investment company industry concerning the credit...
May 9, 1990 TO: STATE LIAISON COMMITTEE NO. 11-90 RE: INSTITUTE RECOMMENDS ELIMINATION OF STATE INVESTMENT RESTRICTIONS AND SALES LITERATURE FILING REQUIREMENTS TO NASAA __________________________________________________________ Based upon the recommendation of the State Liaison...
May 8, 1990 TO: PENSION COMMITTEE NO. 11-90 RE: TIAA-CREF PRACTICES REGARDING TRANSFER ATTEMPTS __________________________________________________________ The ad hoc subcommittee on TIAA-CREF transfers decided yesterday to prepare a request to CREF that it change its procedures...
May 8, 1990 TO: PENSION COMMITTEE NO. 12-90 RE: DEPARTMENT OF LABOR ERISA ENFORCEMENT PROPOSALS __________________________________________________________ Attached is a copy of the Department of Labor's ERISA enforcement proposals which it recently delivered to the House of...
May 8, 1990 TO: SEC RULES MEMBERS NO. 35-90 RULE 12b-1 AD HOC COMMITTEE RE: 12b-1 RULE PROPOSAL __________________________________________________________ In the attached Federal Register notices, the staff of the SEC has announced that it is no longer considering the proposed...
May 7, 1990 TO: INVESTMENT ADVISER ASSOCIATE MEMBERS NO. 17-90 INVESTMENT ADVISER MEMBERS NO. 18-90 PENSION MEMBERS NO. 21-90 RE: INVESTMENT ADVISER BREACHED FIDUCIARY DUTY UNDER ERISA ________________________________________________________ The United States Court of Appeals for the...
May 7, 1990 TO: FEDERAL LEGISLATION MEMBERS NO. 6-90 FEDERAL LEGISLATION COMMITTEE NO. 4-90 RE: INSTITUTE TESTIMONY ON FINANCIAL SERVICES INDUSTRY MODERNIZATION __________________________________________________________ In testimony before the Senate Banking Committee, the Institute...
May 7, 1990 TO: FEDERAL LEGISLATION MEMBERS NO. 5-90 FEDERAL LEGISLATION COMMITTEE NO. 3-90 RE: INSTITUTE TESTIMONY ON SAVINGS AND INVESTMENT INCENTIVES BEFORE THE SENATE FINANCE COMMITTEE __________________________________________________________ At a hearing of the Senate Finance...
May 7, 1990 TO: SEC RULES COMMITTEE NO. 28-90 INTERNATIONAL FUNDS TASK FORCE NO. 9-90 RE: NO-ACTION LETTERS PERMIT AUSTRALIAN AND SINGAPORE CENTRAL DEPOSITORIES TO ACT AS ELIGIBLE FOREIGN CUSTODIANS ________________________________________________________ In a recent no-action letter...
May 4, 1990 TO: INVESTMENT ADVISER ASSOCIATE MEMBERS NO. 15-90 INVESTMENT ADVISER MEMBERS NO. 16-90 SEC RULES MEMBERS NO. 33-90 UNIT INVESTMENT TRUST COMMITTEE NO. 22-90 INTERNATIONAL FUNDS TASK FORCE NO. 6-90 CLOSED-END FUND MEMBERS NO. 17-90 RE: SEC ADOPTS REGULATION S, SOLICITS...
May 4, 1990 TO: CLOSED-END FUND MEMBERS NO. 18-90 INVESTMENT ADVISER ASSOCIATE MEMBERS NO. 16-90 INVESTMENT ADVISER MEMBERS NO. 17-90 SEC RULES MEMBERS NO. 34-90 UNIT INVESTMENT TRUST COMMITTEE NO. 23-90 INTERNATIONAL FUNDS TASK FORCE NO. 8-90 RE: SEC ADOPTS RULE 144A, CREATING SAFE...
May 4, 1990 TO: INTERNATIONAL FUNDS TASK FORCE NO. 7-90 RE: MEETING REGARDING REGULATION S ________________________________________________________ We are scheduling a meeting of the International Funds Task Force on Thursday, May 24 at 10:00 a.m. in the Institute's Conference Room...
May 3, 1990 TO: PENSION COMMITTEE NO. 10-90 RE: SOCIAL SECURITY TRUST FUND AMENDMENTS OF 1990 __________________________________________________________ Attached is a copy of H.R. 4605, the "Social Security Trust Fund Amendments of 1990" which was recently referred to the House Ways...
May 3, 1990 TO: BOARD OF GOVERNORS NO. 35-90 RE: INSTITUTE TESTIMONY ON BANK SECURITIES AFFILIATES __________________________________________________________ On May 1, the Institute testified at a hearing before the Subcommittee on General Oversight and Investigations of the House...
May 4, 1990 TO: PUBLIC INFORMATION COMMITTEE NO. 14-90 RE: Update of GMM News Media List __________________________________________________________ Here is an updated and expanded list of news media representatives who have now registered for the General Membership Meeting. FYI, this...
May 3, 1990 TO: TAX COMMITTEE NO. 9-90 RE: PROPOSED NEW YORK SALES TAX ON SERVICES __________________________________________________________ As you know, the New York State legislature is currently considering revenue raising measures as part of its annual budget process. The...
May 3, 1990 TO: SEC RULES COMMITTEE NO. 27-90 RULE 12b-1 AD HOC COMMITTEE RE: NASD REQUESTS MEMBERS TO VOTE ON CDSL DISCLOSURE PROPOSAL ________________________________________________________ As we previously informed you, the NASD has proposed to required disclosure on confirmations...
RESENT DUE TO MISSING PAGES May 3, 1990 TO: BOARD OF GOVERNORS NO. 36-90 SEC RULES COMMITTEE NO. 26-90 STATE LIAISON COMMITTEE NO. 10-90 UNIT INVESTMENT TRUST COMMITTEE NO. 21-90 RE: SEC COMMISSIONER URGES GREATER UNIFORMITY AND ELIMINATION OF REGULATORY BURDENS FOR INVESTMENT...
May 2, 1990 TO: INVESTMENT ADVISER ASSOCIATE MEMBERS NO. 14-90 INVESTMENT ADVISER MEMBERS NO. 15-90 RE: INSTITUTE TESTIFIES ON NASAA PROPOSED REVISIONS TO MODEL AMENDMENTS AND UNIFORM RULES; MEMBERSHIP ADOPTS AMENDED PROPOSAL ________________________________________________________...
May 2, 1990 TO: FEDERAL LEGISLATION MEMBERS NO. 4-90 FEDERAL LEGISLATION COMMITTEE NO. 2-90 RE: REPORT OF THE CHAIRMAN OF THE FEDERAL LEGISLATION COMMITTEE, APRIL 1990 __________________________________________________________ Attached is a copy of the Report of the Chairman of the...
May 2, 1990 TO: BOARD OF GOVERNORS NO. 34-90 SEC RULES COMMITTEE NO. 25-90 RE: FED ORDER PERMITTING BROKERAGE OF AFFILIATED FUNDS __________________________________________________________ In an order issued April 23, 1990, the Federal Reserve Board approved the application of a bank...
May 1, 1990 TO: RESEARCH COMMITTEE NO. 10-90 RE: MEETING DATES AND AGENDA @@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@ Attached is the agenda for the next meeting of the Research Committee on June 6, 1990. The main purpose of the meeting is to discuss the research...
April 30, 1990 TO: BOARD OF GOVERNORS NO. 33-90 MONEY MARKET MEMBERS - ONE PER COMPLEX NO. 7-90 SEC RULES COMMITTEE NO. 24-90 STATE LIAISON COMMITTEE NO. 9-90 UNIT INVESTMENT TRUST COMMITTEE NO. 20-90 CALIFORNIA MEMBERS RE: CALIFORNIA MONEY MARKET LEGISLATION DROPPED _________________...
April 30, 1990 TO: BOARD OF GOVERNORS NO. 31-90 INVESTMENT ADVISER ASSOCIATE MEMBERS NO. 13-90 INVESTMENT ADVISER MEMBERS NO. 14-90 STATE SECURITIES MEMBERS NO. 13-90 UNIT INVESTMENT TRUST MEMBERS NO. 25-90 RE: INSTITUTE COMMENT LETTER ON THE AGENDA FOR THE ANNUAL SEC-NASAA CONFERENCE...
