*Letters

SIA Submits Comments to the US Department of Treasury Requesting Guidance on Mark-to-Market Rules

Published on:
April 25, 2001

The Securities Industry Association (SIA)* provides comments to the U.S. Department of Treasury urging the issuance of guidance concerning the valuation of securities under the mark-to-market rule of Internal Revenue Code Section 475.SIA offers a draft regulation reflecting the proposed rules that they would accomplish the purposes of the original stature while minimizing taxpayer andInternal Revenue Service (IRS)administrative costs.
*SIFMA is the product of a merger between the Securities Industry Association (SIA) and The Bond Market Association (TBMA) in 2006.

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