On Tuesday, the staff of the Securities and Exchange Commission's Division of Investment Management issued a statement on registered fund investments in cash-settled Bitcoin futures traded on CFTC-regulated exchanges ("Bitcoin futures").[1] The statement cautions funds investing in...
On Wednesday, June 23rd, from 1-3:30 pm ET, ICI will hold a virtual meeting of the SEC Rules Committee. If you plan to attend the June meeting, please visit our registration site at https://cvent.me/PWBnAv. Please include on the online registration form any particular topics you would...
ICI will hold a members-only Zoom meeting on Thursday, May 20 to discuss investment in cryptocurrencies. Rebecca Lee and Scott Borchardt from PwC will lead the discussion. The meeting will begin at 11:00 AM (ET) and the agenda is attached.
On May 5, 2021, the House Ways and Means Committee held a markup of H.R. 2954, the “Securing a Strong Retirement Act of 2021,” and approved the bill by voice vote. The overwhelmingly bipartisan nature of the markup suggests the package would have little trouble passing the full House...
We wanted to inform you about a recent development related to Executive Order 13959. As a reminder, President Trump on November 12, 2020, issued Executive Order 13959 prohibiting by any US person "any transaction in publicly traded securities, or any securities that are derivative of...
On May 6, we sent the attached letter to the Director of the Office of Foreign Assets Control (OFAC), Andrea Gacki, requesting that OFAC address the harmful effects of the implementation of Executive Order 13959 (Order) related to unlisted subsidiaries of entities publicly listed as...
On March 18, 2021, the US Securities and Exchange Commission (SEC or Commission) adopted interim final form amendments to implement the disclosure and submission requirements of the Holding Foreign Companies Accountable Act (HFCA Act), which go into effect on May 5, 2021. The SEC...
Attached is the agenda for the next monthly Tax Committee call, to be held on Thursday, May 13, 2021, at 11:00 a.m. ET. You can register for the call here.
Last week, the UK Financial Services Bill was enacted by royal assent, becoming the Financial Services Act 2021.[1] With respect to benchmarks, the new Act by provides the Financial Conduct Authority (FCA) the powers to oversee an orderly transition away from the LIBOR benchmark.
ICI's Diversity and Inclusion Committee will have a video conference meeting via Zoom on Thursday, June 24, 2021, from 2:00-3:00 p.m. (ET). A preliminary meeting agenda is attached. Meeting registration is available at https://cvent.me/gR2zno.
The next meeting of the Investment Company Institute's Small Funds Sales & Marketing Sub-Committee "Shop Talk" will be held on June 24, from 11:00pm - Noon ET via Zoom.
Attached for your comments is our draft response to the Joint Consultation Paper (CP) by the European Supervisory Authorities (ESAs) on the draft regulatory technical standards (RTS) for Taxonomy-related sustainability disclosures under Taxonomy Regulation (EU) 2019/2088 (Taxonomy...
The Internal Revenue Service (IRS) recently posted on its website a series of questions and answers regarding section 209 of the Taxpayer Certainty and Disaster Tax Relief Act of 2020 (TCDTRA), which provides temporary relief from the partial plan termination rules under Internal...
As we previously informed you, we will hold the annual ICI/EFAMA meeting in a virtual format on May 19, from 10:00 a.m. – 12:30 p.m. EDT / 4:00 p.m. – 6:30 p.m. CEST. The preliminary agenda for the meeting is attached.
On March 18, 2021, the US Securities and Exchange Commission (SEC or Commission) adopted interim final form amendments to implement the disclosure and submission requirements of the Holding Foreign Companies Accountable Act (HFCA Act), which go into effect on May 5, 2021.
We hope that you are able to join us for the ICI Global Regulated Funds Committee taking place virtually on Tuesday, May 4, 2021, from 10:00 a.m. - 12:30 p.m. US Eastern / 3:00 p.m. - 5:30 p.m. London. The materials for the meeting, including the agenda, are attached.
[33510] April 28, 2021 TO: ICI Members Operations Committee Pension Committee Pension Operations Advisory Committee Transfer Agent Advisory Committee SUBJECTS: Pension Tax RE: ICI Joins Other Trades in Asking IRS for Changes to Draft Forms W-4P and W-4R The attached letter, signed by...
[33508] April 28, 2021 TO: Municipal Securities Advisory Committee RE: Reminder - May 12 Municipal Securities Advisory Committee Meeting; Agenda Attached The next meeting of the Municipal Securities Advisory Committee has been scheduled for Wednesday, May 12th and will be held...
On 21 April 2021, the European Commission published a proposal to revise the NFRD, which is now referred to as the Corporate Sustainability Reporting Directive (CSRD). This proposal aims to improve sustainability reporting by corporate issuers to ensure there is adequate publicly...
Our committee is invited to join a call ICI is hosting with the Luxembourg Commission de Surveillance du Secteur Financier (CSSF), on Tuesday, 4 May 2021 at 10:00 am EDT/3:00 pm BST/4:00 pm CEST.
[33506] April 27, 2021 TO: ICI Global Members SUBJECTS: MiFID, EMIR, AIFMD, UCITS V RE: FCA Issues Second Consultation on the Implementation of the UK Investment Firms Prudential Regime On April 19, the UK Financial Conduct Authority (FCA) published the second of three consultations...
[33504] April 27, 2021 TO: Derivatives Markets Advisory Committee RE: May 18th Virtual Meeting of the Derivatives Markets Advisory Committee-Guest Speaker Announced; Draft Agenda Attached On Tuesday, May 18th, from 1-3 pm ET , ICI will hold a virtual members-only meeting of the...
[33503] April 26, 2021 TO: ICI Members SUBJECTS: Compliance Disclosure Fund Accounting & Financial Reporting RE: SEC Staff Updates Fund Reporting FAQs to Address the Computation of Certain Securities Lending Information on Form N-CEN The Division of Investment Management of the...
[33502] April 26, 2021 TO: ICI Members ICI Global Members ICI Global Brexit Task Force SUBJECTS: International/Global RE: Recent Key Brexit Related Developments This memo summarises the key Brexit related political and regulatory developments that have occurred since the conclusion of...
[33501] April 26, 2021 TO: Closed-End Investment Company Committee SEC Rules Committee Small Funds Committee RE: Member Call to Discuss the SEC's Re-Opening of the Universal Proxy Proposal Comment Period - Tuesday, May 4 at 1 pm (Eastern) As previously reported, the Securities and...
