On October 18, 2021, ICI Global submitted the attached letter to the Securities and Exchange Board of India (SEBI) regarding SEBI's circular introducing T+1 rolling settlement on an optional basis for Indian equities with an effective date of January 1, 2022.
The Money Market Funds Advisory Committee will hold a call via Zoom on Wednesday, October 20, 2:00-3:00 pm Eastern to discuss the FSB's final report on policy proposals to enhance money market fund resilience. You will receive a calendar invitation with the call information.
The next meeting of the Closed-End Investment Company Committee will take place via Zoom teleconference on Monday, November 8. The meeting will begin at 1:00 pm (Eastern) and end at approximately 3:00 pm (Eastern).
The next meeting of the Investment Company Institute's Small Funds Sales & Marketing Sub-Committee "Shop Talk" will be held on December 9, from 11:00 a.m. to noon ET via Zoom.
ICI submitted the attached letter to the Treasury Department regarding reclaim amounts received by US regulated investment companies (RICs) from European Union countries under Article 63 of the Treaty of the Functioning of the European Union.
As recently discussed, the UK Financial Conduct Authority (FCA) issued a consultation soliciting feedback on which legacy contracts and financial instruments it should permit to use the synthetic UK sterling and Japanese yen LIBOR rates and whether to prohibit most new uses of US...
ICI's Board of Governors unanimously approved a statement on "Financing the Transition to Net Zero," identifying specific actions the industry can take to facilitate the economic transition to net zero emissions and meet investors' objectives.
The OECD/G20 Inclusive Framework on BEPS (Inclusive Framework or "IF") has announced agreement on a "two-pillar" solution for addressing the tax challenges arising from the digitalization of the economy. These pillars are crafted to exempt small and medium-size enterprises. Many...
The Bank, Trust, & Retirement Advisory Committee (BTRAC) meeting schedule for 2022 has been finalized. Please mark your calendar for the following meeting dates
On October 5, SEC Chair Gary Gensler testified before the House Financial Services Committee[1] on four topics from the SEC's unified agenda: (i) funds and investment management; (ii) market structure; (iii) predictive data analytics; and (iv) issuers and issuer disclosure.
Yesterday, ICI provided additional information in response to the SEC staff's request for feedback on funds' cross trading practices under Rule 17a-7 of the Investment Company Act (the "cross trading rule"). The attached report further informs the SEC's rulemaking efforts by providing...
This memorandum catalogues significant ESG related developments that have occurred since the beginning of August. It references ICI memoranda that provide a more fulsome description of each matter. You can find all of these memoranda on our website in our ESG Resource Center.
As we previously informed you, the next meeting of the ICI Global Regulated Funds Committee will be held virtually on Thursday, October 28, 2021, from 10:00 a.m. - 12:00 p.m. US Eastern / 3:00 p.m. - 5:00 p.m. GMT. The preliminary agenda is attached.
The next meeting of the Municipal Securities Advisory Committee has been scheduled for Wednesday, October 27th and will be held virtually via Zoom.
The French Tax Administration today sent the Institute the attached letter that responds to our September 2020 request (attached) for guidance by which funds can request exemption from French withholding tax.
The purpose of this memo is to provide the agenda and registration information for the ICI Research Committee video meeting on Zoom on November 16, 2021 (12:30 PM to 4:00 PM ET).
The ICI Global Retirement Savings Committee operates on two tracks - Atlantic and Pacific - and any committee member may participate in all meetings and calls. The purpose of this memo is to provide the agenda and registration information for the Atlantic Track of the ICI Global...
In the attached letter, ICI joined several other trade organizations in requesting that the Internal Revenue Service (IRS) make permanent the remote notarization relief most recently provided in Notice 2021-40. In that Notice, the IRS announced further extension of the temporary...
On September 29, the Securities and Exchange Commission proposed amendments to enhance reporting of proxy voting information by registered investment companies ("funds") and institutional investment managers ("managers").
On 27 September 2021, the European Securities and Markets Authority (ESMA) published its 2022 Annual Work Programme. Similar to the 2021 Annual Work Programme, ESMA notes at the outset that this programme is established at a time of significant change for ESMA.
The Division of Corporation Finance published a Sample Letter to Companies Regarding Climate Change Disclosures ("Sample Letter"). The announcement noted that Corp Fin staff may issue these comments as well as others during the disclosure review process and that comments would be...
On September 29, the UK Financial Conduct Authority (FCA) issued a series of publications on its proposed approaches to the definition of tough legacy contract, the permitted use of synthetic UK sterling and Japanese yen LIBOR, and the prohibited new use of USD LIBOR, with limited...
The next meeting of the Investment Company Institute's Series Trust Advisory Committee will be held on, Wednesday November 10, 2021, 1:00 pm-2:00 pm ET via Zoom.
