February 22, 1989 TO: UNIT INVESTMENT TRUST MEMBERS NO. 17-89 RE: SPONSOR'S DUTY TO DELIVER PROSPECTUSES __________________________________________________________ We previously sent you a copy of an interpretive opinion from the staff of the SEC, in which the staff affirmed its view...
February 22, 1989 TO: INVESTMENT ADVISER MEMBERS NO. 13-89 INVESTMENT ADVISER ASSOCIATE MEMBERS NO. 12-89 RE: PROPOSED EC DIRECTIVE ON INVESTMENT SERVICES __________________________________________________________ The European Community Commission, representing the twelve- nation...
February 22, 1989 TO: ACCOUNTING/TREASURERS COMMITTEE NO. 10-89 INDEPENDENT ACCOUNTANTS ADVISORY GROUP RE: 1. NOTICE OF MEETING - MARCH 30, 1989 2. IMPORTANT DATES FOR 1989 - MARK YOUR CALENDAR _____________________________________________________________ 1. This is to advise you that...
February 21, 1989 TO: PENSION MEMBERS NO. 13-89 RE: REVISED IRS PUBLICATIONS 560 AND 590 __________________________________________________________ Attached are copies of IRS Publication 560, Self-Employed Retirement Plans, and Publication 590, Individual Retirement Arrangements, for...
February 21, 1989 TO: BROKER/DEALER ADVISORY COMMITTEE NO. 11-89 RE: IMPORTANT DATES FOR 1989 __________________________________________________________ In order to assist you in setting your schedule for the coming year, we have set the following dates for Broker/Dealer Advisory...
February 17, 1989 TO: BOARD OF GOVERNORS NO. 13-89 CLOSED-END FUND MEMBERS NO. 12-89 SEC RULES MEMBERS NO. 14-89 UNIT INVESTMENT TRUST MEMBERS NO. 16-89 RE: RECENT ACTIONS OF FEDERAL BANK REGULATORS __________________________________________________________ The Comptroller of the...
February 17, 1989 TO: PENSION MEMBERS NO. 11-89 RE: IRS PROPOSED REGULATIONS CONCERNING MINIMUM PARTICIPATION STANDARDS __________________________________________________________ Attached is a copy of the IRS proposed regulations issued under section 401(a)(26), which was added to the...
February 17, 1989 TO: BOARD OF GOVERNORS NO. 11-89 ACCOUNTING/TREASURERS MEMBERS NO. 1-89 CLOSED-END FUND MEMBERS NO. 11-89 OPERATIONS MEMBERS NO. 9-89 SEC RULES MEMBERS NO. 12-89 UNIT INVESTMENT TRUST MEMBERS NO. 15-89 INDEPENDENT ACCOUNTANTS ADVISORY COMMITTEE RE: FASB ISSUES SFAS...
February 17, 1989 TO: BOARD OF GOVERNORS NO. 12-89 MEMBERS - ONE PER COMPLEX NO. 4-89 ACCOUNTING/TREASURERS MEMBERS NO. 2-89 OPERATIONS MEMBERS NO. 10-89 SEC RULES MEMBERS NO. 13-89 SMALL FUNDS MEMBERS NO. 1-89 RE: 1989 BOOKS & RECORDS WORKSHOPS _______________________________________...
February 17, 1989 TO: PENSION MEMBERS NO. 12-89 RE: IRS ANNOUNCEMENT CONCERNING IRA DEDUCTIONS FOR MARRIED INDIVIDUALS WHO FILE SEPARATELY __________________________________________________________ Attached is a copy of IRS Announcement 89-20, which explains the impact of the...
February 16, 1989 TO: DIRECT MARKETING COMMITTEE NO. 6-89 MARKETING COMMITTEE NO. 4-89 PUBLIC INFORMATION COMMITTEE NO. 4-89 RESEARCH COMMITTEE NO. 3-89 SALES FORCE MARKETING COMMITTEE NO. 5-89 SHAREHOLDER COMMUNICATIONS COMMITTEE NO. 4-89 RE: SITE AND PROGRAM FOR FUTURE JOINT WINTER...
February 15, 1989 TO: EXECUTIVE COMMITTEE NO. 2-89 AUDIT COMMITTEE NO. 1-89 RE: MONTHLY FINANCIAL REPORTS __________________________________________________________ Enclosed is a copy of the financial statements of the Investment Company Institute for the fourth month ending January...
February 15, 1989 TO: PENSION MEMBERS NO. 10-89 RE: IRS REVENUE RULING CONCERNING PARTICIPANT LOANS __________________________________________________________ Attached is a copy of IRS Revenue Ruling 89-14, which addresses the status of a participant loan at an unreasonably low...
February 15, 1989 TO: INVESTMENT ADVISER MEMBERS NO. 12-89 INVESTMENT ADVISER ASSOCIATE MEMBERS NO. 11-89 RE: MONTANA ADOPTS UNETHICAL PRACTICES RULES FOR INVESTMENT ADVISERS __________________________________________________________ Effective January 16, 1989, the State Auditor and...
February 14, 1989 TO: BOARD OF GOVERNORS NO. 10-89 FEDERAL LEGISLATION COMMITTEE NO. 3-89 FEDERAL LEGISLATION MEMBERS NO. 4-89 RE: DIXON REINTRODUCES PROXMIRE BANKING BILL __________________________________________________________ Senator Alan Dixon (D-IL) introduced S.305, the...
February 14, 1989 TO: BOARD OF GOVERNORS NO. 8-89 FEDERAL LEGISLATION COMMITTEE NO. 1-89 FEDERAL LEGISLATION MEMBERS NO. 2-89 RE: DODD "FINANCIAL MODERNIZATION AND SAFE BANK ACT" __________________________________________________________ Senate Securities Subcommittee Chairman...
February 14, 1989 TO: BROKER/DEALER ADVISORY COMMITTEE NO. 10-89 RE: FUND/SERV STATUS REPORT FOR MONTH ENDING JANUARY, 1989 __________________________________________________________ Attached is a copy of the Fund/SERV Status Report for the month ending January, 1989. We will continue...
February 14, 1989 TO: INVESTMENT ADVISER MEMBERS NO. 11-89 INVESTMENT ADVISER ASSOCIATE MEMBERS NO. 10-89 RE: NASD RULE CONCERNING BONA FIDE RESEARCH APPROVED BY SEC __________________________________________________________ As we have previously informed you, the SEC adopted a...
February 14, 1989 TO: PUBLIC INFORMATION COMMITTEE NO. 3-89 RE: News media contact list __________________________________________________________ Enclosed is the latest updated version of our print news media contact list. This is not a comprehensive list of the sort that exists in...
February 14, 1989 TO: UNIT INVESTMENT TRUST MEMBERS NO. 14-89 RE: STATE REGISTRATION FEE SURVEY __________________________________________________________ We are again mailing to your attention, a survey form designed to collect registration fee data by state and the cost of...
February 14, 1989 TO: BOARD OF GOVERNORS NO. 9-89 FEDERAL LEGISLATION COMMITTEE NO. 2-89 FEDERAL LEGISLATION MEMBERS NO. 3-89 RE: NEW BANKING COMMITTEE CHAIRMAN GONZALEZ OPPOSES FED ON SECTION 20 POWERS FOR BANKS __________________________________________________________ In a strongly...
February 13, 1989 TO: CLOSED-END FUND MEMBERS NO. 10-89 RE: SEC STAFF REQUESTS DISCUSSION CONCERNING CLOSED-END FUND ISSUER'S TENDER OFFERS __________________________________________________________ The Institute recently received the attached letter from the staff of the Securities...
February 10, 1989 TO: PENSION MEMBERS NO. 8-89 RE: IRS PROVIDES SAFE HARBORS FOR SECTION 403(b)(12) NONDISCRIMINATION RULES __________________________________________________________ As you know, the 1986 Tax Reform Act added to the Internal Revenue Code nondiscrimination rules with...
February 10, 1989 TO: PENSION MEMBERS NO. 9-89 RE: IRS INFORMATION LETTER ON SECTION 401(k) HARDSHIP WITHDRAWALS __________________________________________________________ Under section 401(k)(2)(B)(i)(IV) of the Internal Revenue Code and the proposed regulations thereunder, for plan...
February 10, 1989 TO: DIRECT MARKETING COMMITTEE NO. 5-89 PUBLIC INFORMATION COMMITTEE NO. 2-89 SALES FORCE MARKETING COMMITTEE NO. 4-89 SHAREHOLDER COMMUNICATIONS COMMITTEE NO. 3-89 RE: IRA Promotion __________________________________________________________ During our recent...
