ICI's Transfer Agent Advisory Committee will meet virtually on Wednesday, February 9th and Thursday, February 10th. The committee meeting will be broken into four 90-minute session via the Zoom platform.
On December 28, 2021, the Department of Labor (DOL) released final revisions to the instructions for the Form 5500 Annual Return/Report of Employee Benefit Plan for multiple employer plans (MEPs), including pooled employer plans (PEPs).
Last Friday, the SEC published a notice announcing that on December 8, the participants to the Consolidated Audit Trail (CAT) National Market System (NMS) Plan ("Participants") withdrew its proposed amendment to revise the CAT funding model.
On December 15, 2021, the Securities and Exchange Commission, in a 3-2 party-line vote, proposed amendments to Rule 2a-7 and other rules that govern money market funds under the Investment Company Act of 1940.
The Department of Labor (DOL) and the Treasury Department and Internal Revenue Service (IRS) recently issued their updated Fall 2021 Semi-Annual Regulatory Agendas (Agendas), which include projected dates for issuance of proposed and final regulations.
The next Bank, Trust and Retirement Advisory Committee (BTRAC) meeting will take place on Wednesday, February 9 through Thursday, February 10, 2022. The meeting will be held in four virtual sessions and a virtual networking event.
On 17 December 2020, ICI Global filed its response to the European Securities and Markets Authority's (ESMA) consultation paper ("CP") on the best execution reports that execution venues and investment firms are required to publish under MiFID II.
The SEC's Division of Enforcement today announced the settlement of an action with J.P. Morgan Securities, LLC, a broker-dealer. According to the SEC's press release announcing the action, it involved "widespread and longstanding failures by the firm and its employees to maintain and...
The Securities and Exchange Commission recently proposed amendments that would change certain insider trading plans under Rule 10b5-1 under the Securities Exchange Act of 1934 and related disclosure.
On Wednesday, the Securities and Exchange Commission proposed amendments that would require new disclosures when an issuer repurchases its own equity securities.
As discussed previously, the Securities and Exchange Commission recently proposed rule 10c-1 ("Proposal") under the Securities Exchange Act of 1934 to increase transparency and efficiency in the securities lending market.
On November 19, the ERISA Advisory Council (the "Council") held a virtual meeting to present its recommendations to the Department of Labor's (DOL) Employee Benefits Security Administration (EBSA) on its topics of study for 2021.
Last December, the SEC adopted new Rule 2a-5 under the Investment Company Act, which addresses the fair valuation responsibilities of funds and their boards and advisers, along with a companion recordkeeping rule.
The Investment Company Institute's Sales and Marketing Committee will meet on Thursday, February 24, 2022, at ICI's offices on the 12th floor of 1401 H Street, NW, in Washington, DC. We will offer both an in-person attendance option and the ability to attend via Zoom.
The Office of Information and Regulatory Affairs released the Fall 2021 Unified Agenda of Regulatory and Deregulatory Actions on December 13, 2021. The agenda includes regulatory actions that the SEC and CFTC expect to take between now and October 2022.
The House Financial Services Committee, Subcommittee on Diversity & Inclusion, recently produced a report and held a hearing on diversity and inclusion in America's largest investment management firms.
On 4 November 2021, the International Platform on Sustainable Finance (IPSF) published the Common Ground Taxonomy package, including an instruction report and a Common Ground Taxonomy Table that is open for public feedback until 4 January 2022.
On December 13, the Institute sent the attached comment letter to the Department of Labor (DOL) in response to its proposal (the "Proposed Rule") addressing the selection of investments for ERISA plans and proxy voting by plan fiduciaries. The Proposed Rule, which was issued in...
ICI has filed a comment letter with the Securities and Exchange Commission on its proposed amendments to enhance reporting of proxy voting information by registered investment companies ("funds") and institutional investment managers ("managers") on Form N-PX ("Proposal").
The MSRB has issued a Request for Information (RFI) to solicit public input on environmental, social and governance (ESG) practices in the municipal securities market. The Board is seeking this input as part of its broader engagement on ESG trends.
