December 22, 1989
TO: STATE SECURITIES MEMBERS NO. 44-89
RE: SERIES FUND FEE CHANGE - ILLINOIS
__________________________________________________________
The Institute has recently been advised that the Illinois
Securities Department has amended Regulation 130.110 regarding
payment of fees for series funds. Currently, Illinois requires
payment of a $1,000 fee for each series fund.
Effective December 30, 1989, a fee of $1,000 per series
fund, plus $100 per portfolio, must be paid at the time of
initial registration or renewal. If a portfolio appears in the
registration statement, the portfolio must be registered in
Illinois and a filing fee paid even though a particular portfolio
may not be sold in Illinois. If a portfolio(s) is(are) added
during the registration or renewal period, a single amendment
filing fee of $100 must be submitted with Illinois Form 7D-7E.
The Department has also requested that the current file
number assigned by the Department (i.e., R89xxxxx) be included in
any correspondence submitted to the Department.
A copy of the pertinent provision of the amended
regulations is attached.
Patricia Louie
Assistant General Counsel
Attachment