January 4, 1991
TO: STATE SECURITIES MEMBERS NO. 1-91
RE: MAINE REVISES RENEWAL PROCEDURE
__________________________________________________________
The Institute has recently been advised that the Maine
Securities Division has revised its renewal procedure for
investment company registration statements. As of March 1, 1991,
the following documents must be submitted to the Maine Securities
Division thirty days prior to the expiration of the current
registration:
1. A new page 1 of Form U-1;
2. A copy of the most recent federal registration
statement or a copy of the most recent prospectus
and statement of additional information; and
3. A check in the amount of $300 for each fund,
portfolio or class of shares.
A fund may request to have its renewal take effect in Maine
on a date which is earlier than the anniversary date of its
initial registration (i.e., to coincide with the fund’s fiscal
year end). This request should be made in the cover letter
accompanying the renewal application.
Attached is a copy of the letter from the Maine Securities
Division outlining the foregoing procedure.
* * *
We will keep you advised of developments.
Patricia Louie
Assistant General Counsel
Attachment