ICI Global provides comments on the Committee on Payments and Market Infrastructures and International Organization of Securities Commissions consultation on streamlining variation margin in centrally cleared markets. Read more in the comment letter.
In a comment letter ICI filed with Treasury’s Financial Crimes Enforcement Network (“FinCEN”) on Friday, April 12, ICI raised concerns that a new proposed rule could impose duplicative compliance obligations on select registered investment advisers. Read more in the comment letter.
On April 8, 2024, the Investment Company Institute (ICI) and ICI Southwest submitted a supplemental joint comment letter to the Securities and Exchange Commission (SEC) on the ESG Fund and Adviser Proposal in light of the recent adoption and subsequent stay of the Public Company...
On March 18, 2024, the Investment Company Institute and Independent Directors Council filed a joint supplemental comment letter on the Public Company Accounting Oversight Board's (PCAOB) proposed amendments to the auditing standards related to a company's noncompliance with laws and...
In late February, FINRA proposed to further amend Rule 2210 (Communications with the Public) (the "rule"). The amended proposal would permit a FINRA member to project performance or provide a targeted return with respect to a security or asset allocation or other investment strategy...
In this letter, ICI Global provided feedback to the Financial Conduct Authority (FCA) on its consultation paper on updating the regime for money market funds (MMFs). ICI’s members include mutual funds, UCITS, and exchange-traded funds, and similar funds offered in jurisdictions around...
The Investment Company Institute (ICI) expresses our strong support for three bipartisan amendments being offered in consideration of HR 2799 – The Expanding Access to Capital Act of 2023 sponsored by Chairman Patrick McHenry. These three bipartisan amendments will go a long way to...
On February 20, 2024, ICI submitted a comment letter to the Internal Revenue Service (IRS) in response to Notice 2024-2, the long awaited "grab bag" guidance on various issues related to the SECURE 2.0 Act changes to the Internal Revenue Code (the "Code"). The Notice, in Q&A format...
On February 15, 2024, ICI filed a comment letter in response to notices published by the Securities and Exchange Commission (SEC) soliciting comments on proposed rule changes filed, pursuant to Exchange Act Rule 19b-4, by the Financial Industry Regulatory Authority (FINRA) and the...
The Investment Company Institute submitted a letter responding to the UK Financial Conduct Authority's consultation on the overseas funds regime. Read more in the comment letter.
