July 14, 1989 TO: TAX MEMBERS NO. 22-89 UNIT INVESTMENT TRUST MEMBERS NO. 35-89 CLOSED-END FUND MEMBERS NO. 28-89 OPERATIONS MEMBERS NO. 19-89 TRANSFER AGENT SHAREHOLDER ADVISORY COMMITTEE NO. 15-89 RE: IRS SEMINARS ON MAGNETIC MEDIA REPORTING _________________________________________...
July 13, 1989 TO: BOARD OF GOVERNORS NO. 41-89 RE: INSTITUTE COMMENT LETTER ON APPLICATION OF BANK HOLDING COMPANY TO BROKER SHARES OF AFFILIATED INVESTMENT COMPANIES __________________________________________________________ The Institute has submitted a comment letter to the Federal...
July 11, 1989 TO: STATE SECURITIES MEMBERS NO. 24-89 RE: FILING FEES IN WASHINGTON STATE __________________________________________________________ At the request of the Washington Securities Division, we are sending this memorandum to clarify the state's policy in regard to certain...
July 7, 1989 TO: STATE SECURITIES MEMBERS NO. 23-89 UNIT INVESTMENT TRUST MEMBERS NO. 34-89 RE: MARYLAND ADOPTS INDEFINITE REGISTRATION PROVISION AND EXEMPTION FOR RESALE OF UNITS OF UNIT TRUSTS __________________________________________________________ Effective July 1, 1989...
-1- July 7, 1989 TO: SEC RULES COMMITTEE NO. 35-89 UNIT INVESTMENT TRUST COMMITTEE NO. 33-89 CLOSED-END FUND COMMITTEE NO. 24-89 BROKER/DEALER ADVISORY COMMITTEE NO. 31-89 RE: NASD REPROPOSES AMENDMENTS CONCERNING CASH AND NON-CASH CONCESSIONS IN CONNECTION WITH THE RETAIL SALE OF...
July 6, 1989 TO: BOARD OF GOVERNORS NO. 40-89 SEC RULES COMMITTEE NO. 34-89 UNIT INVESTMENT TRUST COMMITTEE NO. 31-89 RE: INSTITUTE COMMENT LETTER TO FEDERAL RESERVE BOARD ON BANC ONE MUTUAL FUND APPLICATION __________________________________________________________ The Institute has...
- 1 - July 6, 1989 TO: CLOSED-END FUND COMMITTEE NO. 23-89 UNIT INVESTMENT TRUST COMMITTEE NO. 32-89 TRANSFER AGENT SHAREHOLDER ADVISORY COMMITTEE NO. 14-89 OPERATIONS MEMBERS NO. 18-89 TAX MEMBERS NO. 21-89 RE: HOUSE WAYS AND MEANS COMMITTEE APPROVES MODIFICATIONS TO INFORMATION...
July 5, 1989 TO: PENSION MEMBERS NO. 31-89 RE: CORRECTION OF IRS NOTICE CONCERNING REPORTING OF RECHARACTERIZED EXCESS CONTRIBUTIONS __________________________________________________________ As we previously reported, IRS Notice 89-32 describes the reporting requirements for...
July 5, 1989 TO: SEC RULES COMMITTEE NO. 33-89 UNIT INVESTMENT TRUST COMMITTEE NO. 30-89 ADVERTISING SUBCOMMITTEE RE: ADVERTISING SUBCOMMITTEE MEETING - NASD SUPERVISORY PROCEDURES __________________________________________________________ On August 8, 1989 there will be a meeting of...
July 5, 1989 TO: SEC RULES MEMBERS NO. 31-89 UNIT INVESTMENT TRUST MEMBERS NO. 33-89 BROKER/DEALER ADVISORY COMMITTEE NO. 30-89 CLOSED-END FUND MEMBERS NO. 27-89 RE: NASD SUPERVISORY PROCEDURES __________________________________________________________ The Institute has received...
July 3, 1989 TO: INVESTMENT ADVISERS COMMITTEE NO. 26-89 RE: TWINS __________________________________________________________ I am pleased to inform you that on June 29 Elizabeth Bunnen became the big sister of Alison Dewar Bunnen and Philip Weil Bunnen. Robb, Meg and the kids are...
- 1 - July 3, 1989 TO: TAX MEMBERS NO. 20-89 MONEY MARKET FUND CHIEF EXECUTIVE OFFICERS NO. 5-89 RE: MARYLAND TAX DEVELOPMENTS __________________________________________________________ 1. Pass-Through of Federal Obligation Interest As you know, the Institute has been working for some...
June 30, 1989 TO: TAX MEMBERS NO. 19-89 CLOSED-END FUND MEMBERS NO. 26-89 UNIT INVESTMENT TRUST MEMBERS NO. 32-89 RE: REVENUE RULING ON $10 MILLION INITIAL INVESTMENT EXCEPTION TO PREFERENTIAL DIVIDEND RULES __________________________________________________________ The attached IRS...
June 29, 1989 TO: BOARD OF GOVERNORS NO. 39-89 MEMBERS - ONE PER COMPLEX NO. 21-89 TAX MEMBERS NO. 18-89 FEDERAL LEGISLATION COMMITTEE NO. 8-89 RE: HOUSE WAYS AND MEANS COMMITTEE VOTES TO REPEAL SECTION 67(c) __________________________________________________________ In closed session...
June 29, 1989 TO: BOARD OF GOVERNORS NO. 38-89 CLOSED-END FUND COMMITTEE NO. 22-89 SEC RULES COMMITTEE NO. 32-89 UNIT INVESTMENT TRUST COMMITTEE NO. 29-89 RE: FED PROPOSES TO PERMIT BANK HOLDING COMPANIES TO UNDERWRITE ASSET-BACKED SECURITIES OF AFFILIATES ____________________________...
June 27, 1989 TO: INVESTMENT ADVISER MEMBERS NO. 36-89 INVESTMENT ADVISER ASSOCIATE MEMBERS NO. 35-89 RE: WASHINGTON STATE AMENDS ITS INVESTMENT ADVISER LAW __________________________________________________________ Effective July 23, 1989, the state of Washington will have a new...
June 23, 1989 TO: SMALL FUNDS MEMBERS NO. 4-89 RE: SMALL FUNDS CONFERENCE - NOVEMBER 15-17, 1989 __________________________________________________________ This is an advance notice that the Fall Small Funds Conference will be held on November 15-17, 1989 at the Hotel del Coronado...
June 23, 1989 TO: INVESTMENT ADVISERS COMMITTEE NO. 25-89 RE: SEC PROPOSED LEGISLATION CONCERNING INVESTMENT ADVISER SELF-REGULATORY ORGANIZATIONS __________________________________________________________ Under separate cover, the Institute has sent you a copy of proposed legislation...
June 22, 1989 TO: CLOSED-END FUND COMMITTEE NO. 19-89 SEC RULES COMMITTEE NO. 30-89 RE: ISSUES CONCERNING CLOSED-END FUND TENDER OFFERS __________________________________________________________ Several closed-end funds have conducted or have disclosed in their prospectuses their...
June 21, 1989 TO: RESEARCH COMMITTEE NO. 19-89 RE: SUMMARY TABLES FOR DISTRIBUTION REPORT @@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@ Enclosed you will find a copy of the Summary Tables and Questionnaire from the distribution research. Many of you left the volume...
June 21, 1989 TO: SEC RULES COMMITTEE NO. 29-89 INTERNATIONAL FUNDS TASK FORCE NO. 2-89 RE: NO-ACTION LETTER PERMITTING A DUTCH DEPOSITORY AND CASHIER INSTITUTION TO ACT AS AN "ELIGIBLE FOREIGN CUSTODIAN" __________________________________________________________ Attached is a no...
June 20, 1989 TO: SEC RULES MEMBERS NO. 30-89 RE: COURT DISMISSES EXCESSIVE FEE CLAIM IN MEYER CASE __________________________________________________________ The United States District Court for the Southern District of New York has dismissed the complaint of the plaintiff in Meyer v...
June 20, 1989 TO: INVESTMENT ADVISER MEMBERS NO. 35-89 INVESTMENT ADVISER ASSOCIATE MEMBERS NO. 34-89 RE: INSTITUTE'S 1989 INVESTMENT ADVISERS CONFERENCE __________________________________________________________ The Investment Company Institute's 1989 Investment Advisers Conference...
