May 11, 1990 TO: DIRECT MARKETING COMMITTEE NO. 12-90 RE: MINUTES OF LAST MEETING __________________________________________________________ Attached are the minutes of the previous meeting of the Direct Marketing Committee, which was held on April 19 in Washington, D.C. The committee...

- 1 - May 11, 1990 TO: PENSION MEMBERS NO. 22-90 UNIT INVESTMENT TRUST MEMBERS NO. 26-90 SEC RULES MEMBERS NO. 37-90 RE: FDIC FINALIZES AMENDMENTS TO REGULATIONS CONCERNING PASS-THROUGH INSURANCE __________________________________________________________ The Federal Deposit Insurance...

May 9, 1990 TO: SEC RULES MEMBERS NO. 36-90 RE: SEC LETTER CONCERNING MONEY MARKET FUNDS ________________________________________________________ Attached is a copy of the letter from the Division of Investment Management to the investment company industry concerning the credit...

May 9, 1990 TO: STATE LIAISON COMMITTEE NO. 11-90 RE: INSTITUTE RECOMMENDS ELIMINATION OF STATE INVESTMENT RESTRICTIONS AND SALES LITERATURE FILING REQUIREMENTS TO NASAA __________________________________________________________ Based upon the recommendation of the State Liaison...

May 8, 1990 TO: PENSION COMMITTEE NO. 12-90 RE: DEPARTMENT OF LABOR ERISA ENFORCEMENT PROPOSALS __________________________________________________________ Attached is a copy of the Department of Labor's ERISA enforcement proposals which it recently delivered to the House of...

May 8, 1990 TO: PENSION COMMITTEE NO. 11-90 RE: TIAA-CREF PRACTICES REGARDING TRANSFER ATTEMPTS __________________________________________________________ The ad hoc subcommittee on TIAA-CREF transfers decided yesterday to prepare a request to CREF that it change its procedures...

May 8, 1990 TO: SEC RULES MEMBERS NO. 35-90 RULE 12b-1 AD HOC COMMITTEE RE: 12b-1 RULE PROPOSAL __________________________________________________________ In the attached Federal Register notices, the staff of the SEC has announced that it is no longer considering the proposed...

May 7, 1990 TO: INVESTMENT ADVISER ASSOCIATE MEMBERS NO. 17-90 INVESTMENT ADVISER MEMBERS NO. 18-90 PENSION MEMBERS NO. 21-90 RE: INVESTMENT ADVISER BREACHED FIDUCIARY DUTY UNDER ERISA ________________________________________________________ The United States Court of Appeals for the...

May 7, 1990 TO: FEDERAL LEGISLATION MEMBERS NO. 6-90 FEDERAL LEGISLATION COMMITTEE NO. 4-90 RE: INSTITUTE TESTIMONY ON FINANCIAL SERVICES INDUSTRY MODERNIZATION __________________________________________________________ In testimony before the Senate Banking Committee, the Institute...

May 7, 1990 TO: SEC RULES COMMITTEE NO. 28-90 INTERNATIONAL FUNDS TASK FORCE NO. 9-90 RE: NO-ACTION LETTERS PERMIT AUSTRALIAN AND SINGAPORE CENTRAL DEPOSITORIES TO ACT AS ELIGIBLE FOREIGN CUSTODIANS ________________________________________________________ In a recent no-action letter...