May 28, 1991
TO: STATE SECURITIES MEMBERS NO. 23-91
RE: COLORADO SETS EXEMPTION AND REGISTRATION FEES
__________________________________________________________
As we previously informed you, the Colorado Securities
Division recommended that mutual funds delay submitting their
renewal applications until a final determination as to the amount
of the fee to claim the blue chip exemption or register by filing
was made by the Division. (See Memorandum to State Securities
Members No. 21-91, dated May 9, 1991.)
The Institute has been advised by the Division that, as of
July 1, 1991, the fee to claim the blue chip exemption for mutual
funds and unit investment trusts will be $125.00. To claim the
blue chip exemption, funds or trusts must submit a completed
Colorado Form IC and a check made payable to the Colorado State
Treasurer. In order to renew the exemption, mutual funds with an
effective date of July 1, 1990 must submit Form IC and the fee to
the Division by July 31, 1991. Funds that have an effective date
other than July 1, 1990 may choose to renew their exemptions at
this time or at a date twelve months from the date the original
filing was received by the Division. A copy of Colorado Form IC
is attached.
For mutual funds and unit trusts that are unable to rely on
the blue chip exemption, the fee to register by filing pursuant
to Section 303 of the Colorado Securities Act will $200.00 as of
July 1, 1990.
Patricia Louie
Assistant General Counsel
Attachment