To provide members of the Disclosure Working Group a forum to discuss disclosure matters, including SEC staff comments on prospectus disclosure, we will continue our conference calls using the Zoom platform.
On 20 December 2021, the European Commission published a set of frequently asked questions (FAQs) to provide implementation guidance on the Disclosures Delegated Act under Article 8 of EU Taxonomy Regulation.
The Treasury Department and the Internal Revenue Service (IRS) have issued final regulations regarding the transition from the London Interbank Offered Rate (LIBOR) and other Interbank Offered Rates (IBORs) to an alternative reference rate.
IOSCO recently published its Risk Outlook 2022. The report aims to provide an update on the relevant risks and issues that feature prominently on regulators' agenda as assessed against the current and global economic prospects post COVID-19.
On 24 December 2021, ICI Global submitted its response to the European Securities and Markets Authority's (ESMA) call for evidence on certain retail investor protection issues (attached).
On 29 November 2021, CPMI and IOSCO published a discussion paper (DP) on access to central clearing and portability. CPMI and IOSCO ("CPMI-IOSCO") are accepting feedback on the DP by 7 February 2022 (extended from 24 January 2022).
As previously advised, on 25 November 2021 the European Commission ("the Commission") adopted four legislative proposals under the auspices of its Capital Markets Union (CMU) action plan. This memo contains a summary of the Commission's proposed reforms.
As previously reported, the Basel Committee on Banking Supervision, the Committee on Payments and Market Infrastructures, and the International Organization of Securities Commissions published a joint consultation ("report").
ICI will hold a virtual meeting of the Bank-Affiliated Member Advisory Committee on Tuesday, February 8 from 2:00-3:30 pm ET. A draft agenda is attached. Charles Gray, Deputy General Counsel at the Federal Reserve Board (FRB), will be our guest speaker.
This memorandum provides highlights of developments over the past few months related to the SEC's Regulation Best Interest ("Reg BI") and Form CRS, including a recent SEC staff statement regarding the staff's review of Form CRS filings, and a summary of developments relating to Reg BI...
As discussed previously, in November, the Commodity Futures Trading Commission issued a request for information and comment (RFI) on amending its swap clearing requirements in light of the upcoming cessation of LIBOR and other IBORs.
On November 30, virtually, from Tokyo and Washington, DC, the Investment Trusts Association, Japan (JITA) and the Investment Company Institute (ICI) co-hosted a retirement savings roundtable. Eric Pan, ICI President and CEO, and Hiroshi Matsutani, JITA Chairman, hosted the two-hour...
We are pleased to inform you that the next meeting of the ICI Global Regulated Funds Committee will be held virtually on Monday, February 14, from 10:00 a.m. - 12:00 p.m. US Eastern / 3:00 p.m. - 5:00 p.m. GMT.
On Wednesday, February 9 at 9:00 a.m. (Tuesday, February 8 at 8:00 p.m. EST), ICI will host a workshop for members to discuss questions, approaches, and challenges to implementing the MAS Guidelines on Environmental Risk Management for Asset Managers.
On Wednesday, February 16 at 9:00 a.m. HKT (Tuesday, February 15 at 8:00 p.m. EST), ICI will host a workshop for members to discuss questions, approaches, and challenges to implementing two significant ESG-related regulatory developments in Hong Kong that were finalized in 2021.
In late December, the Department of Labor (DOL) released a Supplemental Statement ("Statement") intended to clarify its June 2020 Information Letter providing DOL's views on the use of private equity investments within 401(k) and other defined contribution (DC) plans.
ICI has filed a comment letter with the Securities and Exchange Commission on proposed rule 10c-1 ("Proposal") under the Securities Exchange Act of 1934, which would require the reporting of securities loans to FINRA.
As summarized below, the IRS has posted updated versions of various tax forms and instructions (some in draft form) related to pension and retirement plan distributions.
Each year, ICI conducts a telephone survey of US households to track households' ownership of mutual funds and to gather information on their demographic and financial characteristics. The most recent survey was conducted from May to June 2021 and was based on a dual-frame telephone...
On Monday, the Investment Company Institute (ICI) filed the attached amicus curiae ("friend of the court") brief to the DC Circuit Court of Appeals in support of the SEC in The Nasdaq Stock Market LLC, et al. v. Securities and Exchange Commission.
To provide members of the Advertising Compliance Advisory Committee a forum to discuss advertising issues, we will continue our quarterly conference calls in 2022. The first call will be from 2:00-3:30 p.m. Eastern Time on Wednesday, March 2nd.
The Investment Company Institute's Broker/Dealer Advisory Committee will meet virtually January 25 - 27, 2022 in three online sessions. The dates and times are listed below.
The Investment Company Institute's next Small Funds Committee Regulatory Update will take place on Wednesday, February 16, 2022, 1:00 p.m.-2:00 p.m. ET.
In November, the SEC issued two proposals. One would mandate the electronic filing of certain forms that currently must be filed on paper, as well as update certain other forms and processes. The other would require electronic filing through EDGAR of documents that currently may be...
