July 3, 1990 TO: INSTITUTIONAL FUNDS COMMITTEE NO. 1-90 RE: COMPTROLLER PROPOSES CHANGES TO RULES GOVERNING INVESTMENT OF IDLE TRUST FUNDS __________________________________________________________ The Office of the Comptroller of the Currency has proposed amendments to its...

July 3, 1990 TO: UNIT INVESTMENT TRUST MEMBERS NO. 43-90 RE: INDIANA ISSUES MANUAL EXEMPTION ORDER __________________________________________________________ The Indiana Securities Commissioner recently issued an administrative order outlining the conditions for claiming the manual...

July 2, 1990 TO: UNIT INVESTMENT TRUST COMMITTEE NO. 29-90 JOINT TASK FORCE ON UIT YIELD RE: INSTITUTE RESPONDS TO SEC STAFF COMMENTS ON PROPOSED YIELD FORMULA FOR UNIT INVESTMENT TRUSTS __________________________________________________________ As we previously informed you, in late...

July 2, 1990 TO: BOARD OF GOVERNORS NO. 47-90 SEC RULES MEMBERS NO. 47-90 PROSPECTUS REFORM AD HOC COMMITTEE RE: INSTITUTE LETTER TO SEC STAFF CONCERNING PROSPECTUS REFORM __________________________________________________________ As you know, the Institute has expressed its concern...

July 2, 1990 TO: INVESTMENT ADVISER MEMBERS NO. 27-90 INVESTMENT ADVISER ASSOCIATE MEMBERS NO. 25-90 RE: SOUTH CAROLINA AMENDS UNIFORM SECURITIES ACT __________________________________________________________ The South Carolina Uniform Securities Act was amended effective July 1, 1990...

June 29, 1990 TO: SEC RULES MEMBERS NO. 46-90 RE: WASHINGTON REQUIREMENT THAT MUTUAL FUNDS AND MONEY MARKET FUNDS MUST POST BOND IF STATE OR LOCAL MUNICIPALITY INVESTS IN FUND __________________________________________________________ The Institute has recently been made aware of a...

June 29, 1990 TO: SEC RULES COMMITTEE NO. 36-90 INVESTMENT ADVISERS COMMITTEE NO. 22-90 RE: NEW JERSEY CASINO COMMISSION TO RECONSIDER FIVE PERCENT LIMITATION ON INSTITUTIONAL INVESTORS __________________________________________________________ Last year the New Jersey Casino...

June 29, 1990 TO: CLOSED-END FUND MEMBERS NO. 23-90 SEC RULES MEMBERS NO. 45-90 UNIT INVESTMENT TRUST COMMITTEE NO. 28-90 INTERNATIONAL FUNDS TASK FORCE NO. 15-90 RE: INSTITUTE FILES COMMENT LETTER RECOMMENDING EXTENSION OF REGULATION S TO OPEN-END INVESTMENT COMPANIES AND UNIT...

June 29, 1990 TO: STATE SECURITIES MEMBERS NO. 20-90 UNIT INVESTMENT TRUST MEMBERS NO. 42-90 RE: COLORADO ISSUES ADOPTS FORMS AND SETS FEES __________________________________________________________ As we previously informed you, legislation was enacted in Colorado that completely...

June 29, 1990 TO: STATE SECURITIES MEMBERS NO. 19-90 UNIT INVESTMENT TRUST MEMBERS NO. 41-90 RE: SOUTH CAROLINA RAISES REGISTRATION FEES __________________________________________________________ As we previously informed you, legislation revising the current securities registration...