[32710] August 26, 2020 TO: ICI Members Disclosure Working Group Operations Committee SEC Rules Committee SUBJECTS: Compliance Disclosure Operations RE: SEC Proposes Rule to Promote the Reliability and Integrity of EDGAR Submissions On August 21, the Securities and Exchange Commission...
[32709] August 26, 2020 TO: ICI Global Tax Committee Tax Committee RE: Registration for Member Call to Discuss French Article 63 Claims ICI and ICI Global will hold a members-only conference call on Tuesday, September 2nd at 11:00 am (Washington DC time) to discuss the recent...
[32704] August 25, 2020 TO: ICI Global Members ESG Task Force (Global) EU ESG Disclosure Regulation Working Group EU Sustainable Finance Strategy Working Group ICI Global Regulated Funds Committee SUBJECTS: Compliance Disclosure Distribution ESG International/Global Investment...
[32706] August 25, 2020 TO: ICI Global Regulated Funds Committee LIBOR Transition Working Group SEC Rules Committee RE: LIBOR Update: Draft Comment Letter on European Commission Benchmark Regulation Proposal; Member Feedback Requested by September 15 As previously reported, the...
[32703] August 25, 2020 TO: ICI Members Bank, Trust and Retirement Advisory Committee Broker/Dealer Advisory Committee Investment Adviser and Broker-Dealer Standards of Conduct Working Group Investment Advisers Committee Operations Committee Pension Committee Pension Operations...
[32707] August 25, 2020 TO: ICI Global Regulated Funds Committee RE: Draft Comment Letter on the EBA's Draft RTS on the Investment Firms Review: Comments Requested by August 28 As we previously informed you, [1] in early June, the European Banking Authority (EBA) published for...
[32705] August 25, 2020 TO: ICI Global Regulated Funds Committee RE: Draft Comment Letter on the EBA's Draft RTS on the Investment Firm's Review: Comments Requested by August 28 As we previously informed you, [1] in early June, the European Banking Authority (EBA) published for...
[32701] August 24, 2020 TO: Fixed-Income Advisory Committee RE: FINRA Requests Comment on Pennying in the Corporate Bond Market FINRA recently published a regulatory notice (“FINRA Notice”) requesting comment on the practice of “pennying” in the corporate bond market on electronic...
[32700] August 24, 2020 TO: ESG Task Force (Global) EU ESG Disclosure Regulation Working Group Global Advocacy Coordination Advisory Committee ICI Global Regulated Funds Committee RE: FOR REVIEW by 28 Aug: ICI Global Draft Response to EU Consultation on Sustainable Finance Disclosure...
[32702] August 24, 2020 TO: ICI Global Tax Committee Tax Committee RE: France Issues Guidance on Article 63 Claims The French tax administration has conceded claims made by US regulated investment companies (RICs) to recover taxes withheld in violation of the free movement of capital...
[32699] August 24, 2020 TO: Accounting/Treasurers Committee Advertising Compliance Advisory Committee Closed-End Investment Company Committee Disclosure Working Group ETF Advisory Committee Operations Committee SEC Rules Committee Small Funds Committee Unit Investment Trust Committee...
[32697] August 21, 2020 TO: ICI Members SUBJECTS: Trading and Markets RE: SEC Rescinds Effective-Upon-Filing Procedure for NMS Plan Fee Amendments and Modifies NMS Plan Procedures We are pleased to report that the SEC has adopted a final rule to rescind the “Effective-Upon-Filing”...
[32696] August 21, 2020 TO: ICI Members Pension Committee Pension Operations Advisory Committee SUBJECTS: Pension RE: DOL Proposes Registration Requirements for Providers of Pooled Employer Plans On August 20, 2020, the Department of Labor (DOL) released a proposed rule [1] that would...
[32694] August 21, 2020 TO: ESG Task Force (Global) EU ESG Disclosure Regulation Working Group EU Sustainable Finance Strategy Working Group Global Advocacy Coordination Advisory Committee ICI Global Regulated Funds Committee RE: EU ESG: Upcoming Meeting with AMF on SFDR RTS and ESG...
[32693] August 21, 2020 TO: ICI Members Accounting/Treasurers Committee Bank, Trust and Retirement Advisory Committee Bank-Affiliated Member Advisory Committee Closed-End Investment Company Committee Operations Committee Tax Committee Transfer Agent Advisory Committee SUBJECTS: Fund...
[32695] August 21, 2020 TO: ICI Members ICI Global Members ICI Global Tax Committee Tax Committee SUBJECTS: International/Global Tax RE: Coalition Letter Supporting United Nations Model Tax Convention Draft Commentary on CIV Treaty Eligibility Ten collective investment vehicle (CIV)...
On August 14, the CFTC issued two proposals to amend certain margin requirements for non-cleared swaps for swap dealers (SDs) and major swap participants (MSPs) (collectively, “covered swap entities” or CSEs). The CFTC Global Markets Advisory Committee’s Subcommittee on Margin...
[32692] August 20, 2020 TO: Tax Committee RE: Survey Regarding Tax Reclaims Based Upon Article 63 of EU Treaty ("EU Reclaims") For many years, the ICI has supported members’ claims to recover taxes withheld by certain European countries based upon the free movement of capital article...
[32691] August 20, 2020 TO: Tax Committee RE: For Your Review: ICI Opposition Letter to NJ FTT Proposal The attached draft letter opposes a New Jersey proposal (also attached) to impose a tax of a quarter of a cent ($.0025) per transaction on high-volume processors of financial...
[32686] August 19, 2020 TO: ICI Members Pension Committee Pension Operations Advisory Committee SUBJECTS: Pension RE: DOL Releases Lifetime Income Disclosure Interim Final Rule On August 18, 2020, the Department of Labor (DOL) unveiled an interim final rule (IFR) [1] implementing...
[32685] August 19, 2020 TO: EU ESG Disclosure Regulation Working Group RE: EU ESG: AMF Views on Disclosure Regulation RTS We have reached out to the Autorité des Marchés Financiers (AMF) to speak about both the proposed regulatory technical standards (RTS) for the Sustainable Finance...
[32687] August 19, 2020 TO: ICI Global Members SUBJECTS: International/Global RE: Letter to CFTC on Proposed Changes to Regulation 3.10(c): Exemption from Registration for Certain Foreign Persons Acting as Commodity Pool Operators of Offshore Commodity Pools On August 11, ICI Global...
[32682] August 17, 2020 TO: ICI Members Derivatives Markets Advisory Committee SUBJECTS: Derivatives RE: CFTC Adopts Final Rule on Cross-Border Application of Swap Dealer and Major Swap Participant Requirements On July 23, the Commodity Futures Trading Commission (CFTC) adopted a...
[32683] August 17, 2020 TO: SEC Rules Committee RE: September 11 Call of SEC Rules Committee - Register Now! ICI will be holding a one-hour call of the SEC Rules Committee on Friday, September 11th, from 2:00-3:30 pm ET. On this call, we will provide an update on the SEC’s fall...
