The agenda for SFDR Workshop #6 is attached. If you missed the meeting but you are interested in what was discussed, please send me an email at adriggs@ici.org.
As we previously informed you, on June 3, 2021, President Biden signed a new Executive Order Addressing the Threat from Securities Investments that Finance Certain Companies of the People's Republic of China (EO) and the Office of Foreign Assets Control (OFAC) published a number of...
As recently discussed, the UK Financial Conduct Authority (FCA) issued a consultation soliciting feedback on which contracts and financial instruments it should permit to use synthetic LIBOR rates after those rates can no longer be used under their current calculation methodology. The...
ICI's Transfer Agent Advisory Committee will meet virtually on Wednesday, July 21st and Thursday, July 22nd. The committee meeting will be broken into four 90-minute session via the Zoom platform.
As previously reported, the Securities and Exchange Commission re-opened the comment period for its 2016 universal proxy proposal, which would amend the proxy rules to mandate the use of universal proxy cards in contested director elections. As proposed, the amendments would apply the...
As we previously informed you, in March, then Acting Chair Allison Herren Lee issued a public statement requesting public input from investors, registrants, and other market participants on climate change disclosures. We filed a letter today responding to the request.
On June 3, 2021, President Biden signed a new Executive Order Addressing the Threat from Securities Investments that Finance Certain Companies of the People's Republic of China (EO) and the Office of Foreign Assets Control (OFAC) published a number of new FAQs and updated others...
As we previously advised, the Sustainability Accounting Standards Board (SASB) is seeking public comment on proposed changes to its Asset Management & Custody Activities Standard on the issue of systemic risk management.
On June 3, 2021, President Biden signed a new Executive Order Addressing the Threat from Securities Investments that Finance Certain Companies of the People's Republic of China (EO) and the Office of Foreign Assets Control (OFAC) published a number of new FAQs and updated others...
The next meeting of the ICI Global Regulated Funds Committee will be held virtually on Thursday, July 22, 2021, from 10:00 a.m. - 12:30 p.m. US Eastern / 3:00 p.m. - 5:30 p.m. GMT. Meeting details are provided below and a calendar invitation will also be sent to you shortly. A...
This week, the Financial Stability Board (FSB) and IOSCO issued a number of statements on benchmarks, with a goal to support a smooth LIBOR transition. As discussed below, the statements by financial stability policymakers generally urged market participants to accelerate the pace of...
On 22 April 2021, the Australian Prudential Regulation Authority (APRA)[1] has released for consultation[2] its draft Prudential Practice Guide CPG 229 Climate Change Financial Risks ("draft CPG 229"), outlining voluntary prudential practices for APRA-regulated institutions, including...
On 27 May 2021, the China Banking and Insurance Regulatory Commission (CBIRC) released the Wealth Management Measures for the Administration of Sales for Wealth Management Products Issued by Wealth Management Companies (Wealth Management Measures), governing the distribution of wealth...
On May 28, 2021, we submitted the attached comment letter providing feedback on the UK Financial Conduct Authority's (FCA's) second consultation on the implementation of the Investment Firms Prudential Regime (IFPR). The IFPR - a new prudential regime for investment firms authorized...
On Wednesday, June 23rd, from 1-3:00 pm ET, ICI will hold a virtual meeting of the SEC Rules Committee. We are pleased to have as our guest speaker Jennifer McHugh, Senior Adviser to the Director, SEC Division of Investment Management. Ms. McHugh will speak about the staff's recent...
On May 26, the Market Participants Division of the Commodity Futures Trading Commission (CFTC or "Commission") issued updated responses to frequently asked questions (FAQs) regarding CFTC Regulation 4.27 and CFTC Form CPO-PQR.[1] The FAQs are summarized briefly below.
ICI submitted the attached letter requesting that the Treasury Department and Internal Revenue Service include guidance on certain issues concerning retirement security on their 2021-2022 Priority Guidance Plan. ICI submitted a separate letter with recommendations concerning regulated...
Notice 2021-18 invited public comment on recommendations for Treasury's 2021-2022 Priority Guidance Plan. ICI submitted the attached letter largely based on prior recommendations except for an addition regarding "IRS Form SS-4 Responsible Party Requirements and Limitations."
The Sustainability Accounting Standards Board (SASB) is seeking public comment on proposed changes to its Asset Management & Custody Activities Standard on the issue of systemic risk management. This memorandum briefly describes the SASB consultation and highlights the points that ICI...
CFA Institute is developing voluntary, global industry standards - CFA Institute ESG Disclosure Standards for Investment Products - to establish disclosure requirements for investment products with environmental, social, and governance (ESG)-related features. In August 2020, it...
On January 30, 2021, the European Securities and Market Authority (ESMA) launched a Common Supervisory Action (CSA) on UCITS liquidity risk management (LRM). The goal of the exercise was to conduct coordinated supervisory activities to assess whether UCITS managers comply with their...
Last week, the UK Financial Conduct Authority (FCA) issued a consultation soliciting feedback on which contracts and financial instruments it should permit to use "synthetic" LIBOR rates after those rates can no longer be used under their current calculation methodology. The...
