On November 17, the SEC proposed changes to its 2020 proxy advice amendments. Most notably, the proposal would rescind provisions in the 2020 amendments.
On 10 November 2021, the Association of Southeast Asian Nations (ASEAN) released Version 1 of the ASEAN Taxonomy for Sustainable Finance (ASEAN Taxonomy), in conjunction with the 26th Conference of the Parties to the UN Framework Convention on Climate Change (COP26).
On November 25, the European Commission issued its proposal on four legislative files, collectively referred to as the "CMU Package." As part of the formal process in the better regulation framework, the Commission has opened a feedback period for each of these proposals until...
Registration is now open for the January and February Tax Committee calls, which will be held on Tuesday, January 25, 2022, and Tuesday, February 22, 2022, at 11:00 a.m. ET. An agenda will be circulated prior to each call.
As previously advised, on 1 October 2021 the European Securities and Markets Authority (ESMA) published a call for evidence (CfE) on certain retail investor protection issues. Attached is ICI Global's draft response to the CfE.
In March 2021, the Securities and Exchange Commission (SEC) adopted interim final rules to implement the Holding Foreign Companies Accountable Act (HFCA Act), which requires the SEC to identify issuers that have filed annual reports with audit reports issued by a registered audit firm...
On December 7, staff of the US Securities and Exchange Commission issued guidance on key LIBOR transition considerations for market participants. The guidance follows the staff's previously issued guidance issued in July 2019.
On Wednesday, December 15, from 12-2:30 pm ET, ICI will hold a virtual members-only meeting of the Derivatives Markets Advisory Committee. We are pleased to have as our guest speakers Phil Hinkle, Partner, and Karen Stretch, Partner, Dechert LLP. Phil and Karen will join us for a...
On Tuesday, December 14, from 12:30-3:30 pm ET, ICI will hold a virtual members-only meeting of the SEC Rules Committee. Our guest speaker will be John Coates, Professor of Law and Economics at Harvard Law School.
On November 25, the European Commission issued its proposal on four legislative files, collectively referred to as the "CMU Package." As part of the formal process in the better regulation framework, the Commission has opened a feedback period for each of these proposals until January...
As previously advised, on 24 September 2021 the European Securities and Markets Authority published a consultation paper on the best execution reports that execution venues and investment firms are required to publish under MiFID II.
As previously announced, ICI will hold a virtual meeting of the Registered Fund CPO Advisory Committee on Tuesday, December 7 from 1-2 pm ET. A draft agenda is attached.
On November 4, the Securities and Exchange Commission issued two proposals that would require certain forms to be filed electronically and update certain other forms and processes. The first proposal ("Electronic Submission Proposal") would provide electronic filing for Form 13F...
ICI is pleased to announce the 2022 quarterly update meeting schedule for the Broker-Dealer Advisory and Bank, Trust & Retirement Advisory Committees (BDAC and BTRAC, respectively). Each meeting is planned from 2:00 p.m. - 3:00 p.m. ET:
The Internal Revenue Service (IRS) issued Notice 2021-64, containing the 2021 Required Amendments (RA) List for certain individually designed retirement plans.
ICI Global submitted the attached letter to the Indian Government for consideration as they prepare the 2022 Union Budget. The letter describes tax issues and proposes recommendations to address the global regulated fund industry's outstanding tax issues.
The Internal Revenue Service (IRS) has issued temporary guidance regarding the treatment of certain stock distributions by publicly offered regulated investment companies (RICs) and real estate investment trusts (REITs).
This memorandum catalogues significant ESG related developments that have occurred since October. It references ICI memoranda that provide a more fulsome description of each matter.
On 24 September 2021, the European Securities and Markets Authority (ESMA) published a consultation paper ("CP") on the best execution reports that execution venues and investment firms are required to publish under MiFID II. ESMA is accepting comments on the CP by 23 December 2021...
