Collective Investment Funds: Hearings, Eighty-ninth Congress, Second Session. March 8, 10, and 11, 1966U.S. Government Printing Office, 1966 - 661 pages |
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Common terms and phrases
1st Sess 76th Cong amended approval assets authority bank-sponsored Bank's application Banking Act Banking and Currency bill board of directors brief Chairman Cary collective fund collective investment funds commercial banks Commingled Account Commingled Investment Account Commission's common trust funds Comptroller Comptroller's conflicts of interest Congress Corporation customers engaged Exchange Commission exemption from Section Federal Reserve Board Federal Reserve System Federal securities laws fiduciary filed Glass-Steagall Act investment adviser investment banker Investment Company Act Investment Company Institute investment counsel investment trust issued legislation management agreement managing agency accounts managing agency fund ment NASD national banks National City Bank officers operation pany participants permit prohibited proposed purposes pursuant Regulation 9 relationship requested exemption rules Section 10(d Section 32 Section 6(c Securities Act Securities and Exchange security affiliates Senator DOUGLAS shareholders Smathers-Keogh sponsored statement statute Subcommittee supervision tion trust department trust law underwriting
Popular passages
Page 171 - ll(d) provides: No liability for any act done or omitted on good faith in conformity with any rule or regulation of the Comptroller, notwithstanding that such rule or regulation may, after such act or omission, be amended or rescinded or be determined by judicial or other authority to be invalid for any reason. b
Page 167 - ll(d) provides: No liability for any act done or omitted on good faith in conformity with any rule or regulation of the Comptroller, notwithstanding that such rule or regulation may, after such act or omission, be amended or rescinded or be determined by judicial or other authority to be invalid for any reason.
Page 140 - stated by the Board, the Account will 'be operated under the effective control of the bank'" (p. 10). 1. The Commission may not find that it is "necessary or appropriate in the public interest and consistent with the protection of investors and the purposes fairly intended by the policy and provisions of this title
Page 164 - or inaccurate in any material respect. Provides in Section 8(d) for a stop-order suspending effectiveness of any registration statement which includes any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading. Empowers the Commission, in Section
Page 647 - alia, trust departments of national banks would be permitted to collectively invest in common trust funds the moneys deposited with them in managing agency accounts, and under selfemployed (Smathers-Keogh Act) retirement plans. Shortly thereafter the Securities and Exchange Commission publicly asserted that the Securities Act of 1933 and the Investment Company Act of 1940
Page 262 - if and to the extent that such exemption is necessary or appropriate in the public interest and consistent with the protection of investors and the purposes fairly intended by the policy and provisions of this subchapter." Thus, an essential requirement is that the exemption shall