April 23, 1991
TO: OPERATIONS COMMITTEE NO. 12-91
TRANSFER AGENT ADVISORY COMMITTEE NO. 21-91
RE: POSSIBLE LEGISLATION OF SHAREHOLDER BASIS
INFORMATION REPORTING
__________________________________________________________
On February 6, 1991, a memorandum was faxed to the Transfer
Agent Advisory Committee (see attached No. 4-91) requesting
information on providing mutual fund basis information to
shareholders.
Congressional staff members have again contacted the
Institute and have requested a meeting in the very near future to
discuss their plans for the possible inclusion of a shareholder
basis proposal in a tax bill addressing "simplification" issues.
Therefore, we are asking each of you to provide selected
information to us for these discussions by completing the
enclosed survey. We have repeated most of the questions included
in the last memorandum in addition to several new questions which
relate to issues raised by the congressional staff in recent
discussions.
If your mutual fund group has representatives on both
committees, we are requesting that you please coordinate your
responses. Please fax your response to the enclosed survey by
Tuesday morning, April 30th to Kathleen Joaquin (FAX No. 202/293-
1058). It is extremely important that everyone responds to this
memo so that we may accurately assess the industry's ability to
comply with any shareholder basis information reporting proposal.
We recognize that this is a short time period to respond to this
survey. However, your input is essential and, if necessary,
estimates are acceptable where you are unable to calculate actual
response data.
Please contact either myself (202/955-3550) or Kathleen
Joaquin (202/955-3583) at the Institute should you have any
questions.
Donald E. O'Connor
Vice President - Operations
Attachment
Enclosure