July 26, 1989 TO: TAX MEMBERS NO. 26-89 PENSION MEMBERS NO. 34-89 OPERATIONS MEMBERS NO. 22-89 UNIT INVESTMENT TRUST MEMBERS NO. 38-89 TRANSFER AGENT SHAREHOLDER ADVISORY COMMITTEE NO. 18-89 ACCOUNTING/TREASURERS COMMITTEE NO. 25-89 RE: IRS REQUIREMENTS FOR SUBSTITUTE FORMS 1099-B...
July 25, 1989 TO: BROKER/DEALER ADVISORY COMMITTEE NO. 35-89 FUND/SERV PARTICIPANTS RE: PENDING BROKER REGISTRATION/FUND ACKNOWLEDGMENT STATUS REPORT __________________________________________________________ Attached is a copy of the Registration Status Report as of June 30, 1989...
July 25, 1989 TO: INVESTMENT ADVISER MEMBERS NO. 39-89 INVESTMENT ADVISER ASSOCIATE MEMBERS NO. 38-89 RE: SEC STAFF PERMITS PERFORMANCE FEE FOR ADVISER/GENERAL PARTNER OF INVESTMENT LIMITED PARTNERSHIP __________________________________________________________ The staff of the...
July 24, 1989 TO: SEC RULES MEMBERS NO. 33-89 STATE SECURITIES MEMBERS NO. 26-89 INVESTMENT ADVISER MEMBERS NO. 38-89 INVESTMENT ADVISER ASSOCIATE MEMBERS NO. 37-89 RE: RECENT COMMISSION ENFORCEMENT ACTIONS __________________________________________________________ In a release dated...
July 24, 1989 TO: BOARD OF GOVERNORS NO. 42-89 CLOSED-END FUND COMMITTEE NO. 28-89 SEC RULES COMMITTEE NO. 42-89 UNIT INVESTMENT TRUST COMMITTEE NO. 37-89 RE: INSTITUTE COMMENT LETTER ON FED PROPOSAL TO PERMIT BANK HOLDING COMPANIES TO UNDERWRITE AFFILIATE SECURITIES _________________...
July 24, 1989 TO: MEMBERS - ONE PER COMPLEX NO. 23-89 RE: Annual Membership Verification and Mailing List Update __________________________________________________________ Each year we ask the senior contact at each Institute member group to verify certain key information with respect...
July 24, 1989 TO: BOARD OF GOVERNORS NO. 43-89 SEC RULES MEMBERS NO. 32-89 RE: HOUSE ENERGY AND COMMERCE COMMITTEE REPORTS SEC FUNDING BILL __________________________________________________________ The House Energy and Commerce Committee has reported a bill that would change the SEC...
July 21, 1989 TO: SEC RULES COMMITTEE NO. 41-89 CLOSED-END FUND COMMITTEE NO. 27-89 UNIT INVESTMENT TRUST COMMITTEE NO. 36-89 ADVERTISING SUBCOMMITTEE RE: RISK DISCLOSURE ON HIGH-YIELD BONDS __________________________________________________________ The recent release issued by the...
- 1 - July 20, 1989 TO: PENSION MEMBERS NO. 33-89 RE: INSTITUTE AND OTHER GROUPS REQUEST REVENUE RULING CONCERNING TRANSFERS AMONG SECTION 403(b) ARRANGEMENT FUNDING VEHICLES __________________________________________________________ As you know, for a number of years the Institute...
July 20, 1989 TO: PENSION MEMBERS NO. 32-89 RE: IRS REVENUE RULING CONCERNING WASTING TRUSTS __________________________________________________________ Attached is a copy of IRS Revenue Ruling 89-87, which addresses a plan that was amended to terminate the plan and cease accruals, but...
July 19, 1989 TO: INVESTMENT ADVISERS COMMITTEE NO. 28-89 RE: MARYLAND PROPOSES INVESTMENT ADVISER RULES __________________________________________________________ The Maryland Securities Divison has proposed investment adviser rules under the new Maryland investment adviser law (see...
July 19, 1989 TO: TAX MEMBERS NO. 25-89 ACCOUNTING/TREASURERS COMMITTEE NO. 24-89 OPERATIONS MEMBERS NO. 21-89 TRANSFER AGENT SHAREHOLDER ADVISORY COMMITTEE NO. 17-89 RE: COURT DECISION ON ADEQUATE IDENTIFICATION OF SHARES REDEEMED _____________________________________________________...
July 18, 1989 TO: MEMBERS - ONE PER COMPLEX NO. 22-89 INTERNATIONAL FUNDS TASK FORCE NO. 7-89 RE: INTERNATIONAL MEETING OF THE TASK FORCE: INVESTING IN FOREIGN SECURITIES AND MARKETING ABROAD __________________________________________________________ As you may know, a number of years...
July 18, 1989 TO: BROKER/DEALER ADVISORY COMMITTEE NO. 33-89 RE: 1. AGENDA - JULY 25-26 MEETING IN SOMERSET, NEW JERSEY 2. MINUTES - JUNE 16 MEETING IN BOSTON __________________________________________________________ Enclosed is the agenda for the upcoming Broker/Dealer Advisory...
July 18, 1989 TO: BROKER/DEALER ADVISORY COMMITTEE NO. 34-89 RE: FUND/SERV STATUS REPORT FOR MONTH ENDING JUNE, 1989 __________________________________________________________ Attached is a copy of the FUND/Serv Status Report for the month ending June, 1989. We will continue to send...
July 18, 1989 TO: CLOSED-END FUND MEMBERS NO. 31-89 RE: NO-ACTION LETTER PERMITTING CLOSED-END FUNDS TO ISSUE PREFERRED STOCK WITH CLASS VOTING RIGHTS __________________________________________________________ The staff of the Division of Investment Management recently granted a no...
1 */ Pursuant to Code Section 6110(j)(3), a private letter ruling may not be used or cited as precedent except by the taxpayer to whom the ruling was issued. - 1 - July 17, 1989 TO: TAX MEMBERS NO. 24-89 OPTIONS AND FUTURES TASK FORCE NO. 5-89 RE: IRS PRIVATE LETTER RULING ON CODE...
July 17, 1989 TO: SEC RULES COMMITTEE NO. 40-89 INTERNATIONAL FUNDS TASK FORCE NO. 6-89 RE: MEETING TO DISCUSS COMMENTS ON REPROPOSED RULE 144A AND REGULATION S __________________________________________________________ The Commission recently reproposed Rule 144A and Regulation S....
July 17, 1989 TO: STATE SECURITIES MEMBERS NO. 25-89 UNIT INVESTMENT TRUST MEMBERS NO. 37-89 CLOSED-END FUND MEMBERS NO. 30-89 RE: UNIFORM LEGEND RESOLUTION AMENDED BY NASAA __________________________________________________________ The North American Securities Administrators...
July 17, 1989 TO: SEC RULES COMMITTEE NO. 37-89 INTERNATIONAL FUNDS TASK FORCE NO. 3-89 CLOSED-END FUND COMMITTEE NO. 25-89 BROKER/DEALER ADVISORY COMMITTEE NO. 32-89 RE: ADOPTION OF RULE 15a-6 AND PROPOSAL OF CONCEPT RELEASE __________________________________________________________...
July 17, 1989 TO: SEC RULES COMMITTEE NO. 38-89 INTERNATIONAL FUNDS TASK FORCE NO. 4-89 CLOSED-END FUND COMMITTEE NO. 26-89 UNIT INVESTMENT TRUST COMMITTEE NO. 34-89 RE: REPROPOSED REGULATION S __________________________________________________________ The SEC has reproposed in the...
July 14, 1989 TO: STATE LIAISON COMMITTEE NO. 10-89 SEC RULES COMMITTEE NO. 36-89 RE: NASAA REGULATED INDUSTRIES COMMITTEE PROPOSAL REGARDING LATE RENEWAL __________________________________________________________ The Regulated Industries Committee of the North American Securities...
- 1 - July 14, 1989 TO: TAX MEMBERS NO. 23-89 UNIT INVESTMENT TRUST MEMBERS NO. 36-89 CLOSED-END FUND MEMBERS NO. 29-89 OPERATIONS MEMBERS NO. 20-89 TRANSFER AGENT SHAREHOLDER ADVISORY COMMITTEE NO. 16-89 RE: IRS ANNOUNCEMENT OF MAGNETIC TAPE SPECIFICATIONS FOR THIS FALL'S B NOTICES _...
July 14, 1989 TO: INVESTMENT ADVISER MEMBERS NO. 37-89 INVESTMENT ADVISER ASSOCIATE MEMBERS NO. 36-89 RE: NEW JERSEY ADOPTS PERFORMANCE FEE COMPENSATION RULE __________________________________________________________ Effective June 19, 1989, New Jersey has adopted a performance fee...
