June 20, 1989 TO: UNIT INVESTMENT TRUST COMMITTEE NO. 26-89 RE: VIRGINIA REPEAL OF MANUAL EXEMPTION __________________________________________________________ As you know, Virginia recently passed legislation that repealed their manual exemption. (See Memorandum to Unit Investment...
June 19, 1989 TO: CLOSED-END FUND COMMITTEE NO. 18-89 RE: REQUEST FOR COMMENTS ON PROPOSED PRINCIPLES OF INVESTMENT PERFORMANCE COMPUTATION FOR CLOSED-END FUNDS __________________________________________________________ As you are aware, a number of different performance computation...
June 19, 1989 TO: BROKER/DEALER ADVISORY COMMITTEE NO. 28-89 RE: NOTICE OF TWO-DAY MEETING: JULY 25-26, 1989 __________________________________________________________ This is to confirm the two-day meeting of the Broker/Dealer Advisory Committee on Tuesday, July 25 and Wednesday...
June 19, 1989 TO: MARKETING COMMITTEE NO. 18-89 RE: AGENDA FOR MEETING, JUNE 23, 1989 __________________________________________________________ Attached is the agenda for the Marketing Committee meeting which will be held in the Institute Conference Room at 10:00 a.m. On Friday, June...
June 16, 1989 TO: RESEARCH COMMITTEE NO. 18-89 RE: RANKING RESEARCH PROJECTS FOR FISCAL 1989-1990 __________________________________________________________ I enclose the revised set of Group A projects which reflect discussions at the June 14th Committee meeting. The following points...
July 26, 1989 TO: MEMBERS - ONE PER COMPLEX NO. 20-89 RE: 1988 INSTITUTIONAL SURVEY @@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@ The enclosed report summarizes the results of the Institute's 1988 Institutional Survey. This annual study provides detail on the...
June 16, 1989 TO: INVESTMENT ADVISERS COMMITTEE NO. 24-89 RE: INSTITUTE TESTIFIES BEFORE OHIO SUBCOMMITTEE CONCERNING PROPOSED OHIO INVESTMENT ADVISER LEGISLATION __________________________________________________________ On June 7, 1989, the Institute testified on House Bill 226...
June 15, 1989 TO: BROKER/DEALER ADVISORY COMMITTEE NO. 26-89 RE: FUND/SERV STATUS REPORT FOR MONTH ENDING MAY, 1989 __________________________________________________________ Attached is the Fund/SERV Status Report for the month ending May, 1989. We will continue to send you these...
June 15, 1989 TO: INVESTMENT ADVISERS COMMITTEE NO. 23-89 RE: INSTITUTE COMMENTS ON PROPOSED ILLINOIS INVESTMENT ADVISER RULES __________________________________________________________ On June 13, 1989, the Institute submitted the attached letter to the Illinois Securities Department...
June 14, 1989 TO: STATE SECURITIES MEMBERS NO. 21-89 BLUE SKY GUIDE RECIPIENTS RE: INDEFINITE REGISTRATION IN NEBRASKA __________________________________________________________ As you may remember, effective August 1, 1988, Nebraska adopted a provision that allows indefinite...
- 1 - June 14, 1989 TO: BOARD OF GOVERNORS NO. 37-89 CLOSED-END FUND MEMBERS NO. 25-89 TAX MEMBERS NO. 17-89 RE: REVENUE RULING ON DISPROPORTIONATE ALLOCATIONS OF INCOME TYPE AMONG DIFFERENT CLASSES OF RIC SHAREHOLDERS __________________________________________________________...
June 14, 1989 TO: UNIT INVESTMENT TRUST COMMITTEE NO. 25-89 RE: INSTITUTE RESPONDS TO ARTICLE ON MARKETABILITY OF UNIT TRUST SHARES __________________________________________________________ Recently, a New York-based financial newsweekly printed an article that stated that shares of...
June 14, 1989 TO: TRANSFER AGENT SHAREHOLDER ACCOUNTING ADVISORY COMMITTEE NO. 11- 89 RE: NOTICE OF MEETING POSTPONEMENT __________________________________________________________ This is to notify you that the Transfer Agent Shareholder Accounting Advisory Committee meeting which was...
June 14, 1989 TO: BOARD OF GOVERNORS NO. 36-89 STATE SECURITIES MEMBERS NO. 22-89 SEC RULES COMMITTEE NO. 27-89 AD HOC RULE 12b-1 COMMITTEE RE: TESTIMONY IN CALIFORNIA CONCERNING CDSLs __________________________________________________________ The Institute was recently invited to...
June 13, 1989 TO: ACCOUNTING/TREASURERS COMMITTEE NO. 23-89 INDEPENDENT ACCOUNTANTS ADVISORY GROUP RE: FORMATION OF ACCOUNTING POLICY SUB-COMMITTEE __________________________________________________________ As you know, at the last meeting of the full committee I circulated a sheet...
June 13, 1989 TO: ACCOUNTING/TREASURERS COMMITTEE NO. 21-89 INDEPENDENT ACCOUNTANTS ADVISORY GROUP RE: MEETING REMINDER AND AGENDA - JUNE 20, 1989 __________________________________________________________ This is to remind you that the Accounting/Treasurers Committee and the...
June 13, 1989 TO: PENSION MEMBERS NO. 30-89 RE: IRS ANNOUNCEMENT CONCERNING UPCOMING MODIFICATIONS TO REVENUE PROCEDURE 89-9 __________________________________________________________ Attached is a copy of IRS Announcement 89-79, concerning upcoming modifications to Revenue Procedure...
June 13, 1989 TO: PENSION MEMBERS NO. 29-89 RE: IRS NOTICE CONCERNING INTEGRATION WITH SOCIAL SECURITY __________________________________________________________ As we previously advised, the IRS in November 1988 issued proposed regulations under section 401(a)(5) and 401(l) of the...
June 13, 1989 TO: ACCOUNTING/TREASURERS COMMITTEE NO. 22-89 INDEPENDENT ACCOUNTANTS ADVISORY GROUP RE: YEAR-END TAX REPORTING __________________________________________________________ At the committee's last meeting, on March 30, 1989, volunteers were solicited to form part of a...
June 12, 1989 TO: SEC RULES MEMBERS NO. 29-89 RE: COURT OF APPEALS AFFIRMS DISMISSAL OF EXCESSIVE FEE CLAIM IN KRINSK CASE __________________________________________________________ Attached is a copy of the opinion of the U.S. Court of Appeals for the Second Circuit in Krinsk v. Fund...
June 8, 1989 TO: PENSION MEMBERS NO. 27-89 RE: PRIVATE LETTER RULINGS CONCERNING "SUBSTANTIALLY EQUAL PERIODIC PAYMENTS" __________________________________________________________ In Notice 89-25, the IRS set forth three alternative methods of computing the "series of substantially...
June 8, 1989 TO: TAX COMMITTEE NO. 9-89 SEC RULES COMMITTEE NO. 26-89 RE: RETURN OF CAPITAL __________________________________________________________ Several tax and securities issues have arisen recently regarding investment companies making return of capital payments to...
- 1 - June 8, 1989 TO: MARKETING COMMITTEE NO. 17-89 RE: ASSET-BACKED SECURITIES BACKED BY PERSONAL PROPERTY __________________________________________________________ There appears to be a proliferation of offerings of what have been collectively referred to as asset-backed...
June 8, 1989 TO: PENSION MEMBERS NO. 28-89 RE: IRS NOTICE CONCERNING MODEL CASH OR DEFERRED ARRANGEMENT __________________________________________________________ In Notice 87-34, the IRS published a model amendment for use by sponsors of master or prototype profit-sharing plans to...
