August 11, 1989 TO: SEC RULES MEMBERS NO. 41-89 CLOSED-END FUND MEMBERS NO. 37-89 UNIT INVESTMENT TRUST MEMBERS NO. 43-89 PENSION MEMBERS NO. 41-89 RE: OCC INTERPRETATION CONCERNING INVESTMENT OF FIDUCIARY ACCOUNTS IN FUND ADVISED BY BANK ______________________________________________...
August 11, 1989 TO: SEC RULES MEMBERS NO. 40-89 RE: STAFF DENIES SECOND REQUEST FOR NO-ACTION FOR BANK COMMON TRUST FUND __________________________________________________________ The Staff of the Division of Investment Management has denied a second request for no-action assurances...
August 11, 1989 TO: SEC RULES MEMBERS NO. 42-89 RE: NO-ACTION LETTER CLARIFIES STAFF POSITION ON FILING APPLICATIONS UNDER SECTION 8(F) IN FUND MERGERS __________________________________________________________ In a recent no-action letter concerning the reorganization of two...
August 10, 1989 TO: ACCOUNTING/TREASURERS COMMITTEE NO. 31-89 SEC RULES COMMITTEE NO. 50-89 CLOSED-END FUND COMMITTEE NO. 34-89 RE: MEETING TO DISCUSS COMMENTS ON PROPOSED REVISIONS TO FORM N-2 __________________________________________________________ We recently sent you the SEC...
- 1 - August 9, 1989 TO: SEC RULES COMMITTEE NO. 48-89 CLOSED-END FUND COMMITTEE NO. 33-89 UNIT INVESTMENT TRUST COMMITTEE NO. 49-89 INTERNATIONAL FUNDS TASK FORCE NO. 9-89 RE: SEC PROPOSES RULE TO ALLOW ACQUISITIONS BY REGISTERED INVESTMENT COMPANIES OF EQUITY SECURITIES OF FOREIGN...
August 9, 1989 TO: SEC RULES COMMITTEE NO. 49-89 INVESTMENT ADVISERS COMMITTEE NO. 34-89 RE: CUSTODIAN PERFORMANCE IN FORWARDING PROXY MATERIALS __________________________________________________________ At a recent meeting with the staff of the Division of Investment Management...
August 11, 1989 TO: BOARD OF GOVERNORS NO. 47-89 ACCOUNTING/TREASURERS COMMITTEE NO. 30-89 DIRECT MARKETING COMMITTEE NO. 25-89 FEDERAL LEGISLATION COMMITTEE NO. 9-89 INVESTMENT ADVISER MEMBERS NO. 42-89 OPERATIONS COMMITTEE NO. 14-89 PENSION MEMBERS NO. 40-89 MEMBERS INTERESTED IN...
August 9, 1989 TO: RESEARCH COMMITTEE NO. 23-89 RE: SURVEY OF COMMITTEE MEMBERS @@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@ From time to time it is important to assess the preferences of Committee members as to the general organization of our regular meetings. I...
August 8, 1989 TO: BOARD OF GOVERNORS NO. 46-89 SEC RULES MEMBERS NO. 38-89 CLOSED-END FUND MEMBERS NO. 36-89 ACCOUNTING/TREASURERS COMMITTEE NO. 29-89 RE: PROPOSED AMENDMENTS TO FORM N-2; OEA STUDY ON CLOSED-END FUNDS __________________________________________________________...
August 7, 1989 TO: PENSION COMMITTEE NO. 3-89 OPERATIONS COMMITTEE NO. 13-89 RE: IRS ANNOUNCES PROPOSAL TO COMBINE FORMS 1099-R AND W-2P __________________________________________________________ Attached is a copy of IRS Announcement 89-94, which states that the IRS is considering...
August 7, 1989 TO: STATE SECURITIES MEMBERS NO. 30-89 INVESTMENT ADVISERS COMMITTEE NO. 33-89 RE: RECEPTION FOR ICI MEMBERS IN QUEBEC CITY __________________________________________________________ When NASAA convenes its fall conference in Quebec City, the Investment Company...
August 7, 1989 TO: PENSION MEMBERS NO. 37-89 RE: TAX COURT DECISION CONCERNING IRA ROLLOVER __________________________________________________________ Attached is a copy of Wood v. Commissioner, a Tax Court decision addressing the 60-day period within which IRA rollovers must be...
August 7, 1989 TO: PENSION MEMBERS NO. 39-89 RE: IRS NOTICE EXTENDING DEADLINE FOR TERMINATING PLANS __________________________________________________________ Attached is a copy of IRS Notice 89-92, which provides additional guidance and clarification concerning issues raised in...
- 1 - August 7, 1989 TO: SEC RULES MEMBERS NO. 37-89 OPERATIONS MEMBERS NO. 25-89 RE: SEC ADOPTS RULE 11a-3, GOVERNING EXCHANGE OFFERS BY MUTUAL FUNDS __________________________________________________________ The SEC has adopted Rule 11a-3 under the 1940 Act, which will permit mutual...
August 7, 1989 TO: TAX MEMBERS NO. 29-89 CLOSED-END FUND MEMBERS NO. 35-89 ACCOUNTING/TREASURERS COMMITTEE NO. 27-89 RE: OHIO STATUTE IMPOSING INCOME TAX LIABILITY ON RICs __________________________________________________________ Recently, Ohio amended its statutory provision...
August 7, 1989 TO: PENSION MEMBERS NO. 38-89 OPERATIONS MEMBERS NO. 26-89 TRANSFER AGENT SHAREHOLDER ADVISORY COMMITTEE NO. 21-89 RE: IRS ANNOUNCES PROPOSAL TO COMBINE FORMS 1099-R AND W-2P __________________________________________________________ Attached is a copy of IRS...
August 4, 1989 TO: RESEARCH COMMITTEE NO. 21-89 RE: UPCOMING MEETING DATES @@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@ The following is the date and location of the upcoming meeting for the Research Committee. October 3, 1989 Madison Hotel 15th & M Street, N.W...
August 4, 1989 TO: UNIT INVESTMENT TRUST COMMITTEE NO. 48-89 RE: PROPOSED RULE 144A -- DEFINITION OF "ILLIQUID SECURITY" __________________________________________________________ As we previously informed you, the SEC has reproposed Rule 144A, which would provide a safe harbor from...
August 3, 1989 TO: INVESTMENT ADVISERS COMMITTEE NO. 31-89 RE: SOFT DOLLAR AND ORDER FLOW PRACTICES __________________________________________________________ The attached memorandum concerning the recent SEC roundtable on soft dollar and order flow practices may be of interest to you...
August 3, 1989 TO: DIRECT MARKETING COMMITTEE NO. 24-89 PUBLIC INFORMATION COMMITTEE NO. 22-89 SALES FORCE MARKETING COMMITTEE NO. 25-89 SHAREHOLDER COMMUNICATIONS COMMITTEE NO. 19-89 RE: Committee Meeting Schedule __________________________________________________________ The next...
August 3, 1989 TO: INVESTMENT ADVISERS COMMITTEE NO. 32-89 RE: ADDENDUM TO PROPOSED ILLINOIS INVESTMENT ADVISER RULES __________________________________________________________ The attached pages were inadvertently omitted from the attachment to the memorandum to the Investment...
August 3, 1989 TO: MEMBERS - ONE PER COMPLEX NO. 26-89 RE: WRITTEN CONSENT IN LIEU OF THE ANNUAL MEETING OF MEMBERS __________________________________________________________ The By-Laws of the Institute provide for an annual meeting of members to elect members of the Board of...
August 2, 1989 TO: MEMBERS - ONE PER COMPLEX NO. 25-89 OPERATIONS MEMBERS NO. 23-89 SEC RULES MEMBERS NO. 34-89 TAX MEMBERS NO. 27-89 ACCOUNTING/TREASURERS COMMITTEE NO. 26-89 RE: PORTFOLIO COMPLIANCE WORKSHOPS -- ADDITIONAL SESSION ADDED ______________________________________________...
August 2, 1989 TO: UNIT INVESTMENT TRUST COMMITTEE NO. 47-89 RE: UPDATE CONCERNING PERFORMANCE NUMBERS FOR UNIT TRUSTS __________________________________________________________ As we informed you yesterday, the July 31 proposal is no longer on the table as such although it may be...
