February 18, 1992
TO: UNIT INVESTMENT TRUST COMMITTEE NO. 9-92
RE: MISSOURI PROPOSES REGISTRATION RULE CHANGES
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The Missouri Securities Division has proposed an amendment
to 15 CSR 30-50.030(2)(A)(5) to provide that the fees for
registration of unit investment trusts will be the same as those
pertaining to corporate issuers of securities rather than the
indefinite registration provisions available to investment
companies.
Currently, a sponsor of a unit investment trust may
register an indefinite amount of securities and pay a fee of
1/20th of 1% of the actual amount of securities sold in Missouri.
The minimum fee is $100 and the maximum fee is $3,000.
The proposed amendment would require a sponsor to register
a definite amount of securities and pay a registration fee of
1/20th of 1% of the aggregate amount registered, with a minimum
fee of $100 and a maximum fee of $1,000.
A copy of the proposed amendment is attached. Please
provide me with any comments you would like included in the
Institute's comment letter by Friday, February 27, 1992. We will
keep you advised of developments.
Patricia Louie
Assistant General Counsel
Attachment