[32320] March 26, 2020 TO: ICI Members Management Company Tax Subcommittee Tax Committee SUBJECTS: Fund Accounting & Financial Reporting Tax RE: IRS Issues FAQs on Tax Filing Deadlines The IRS issued Frequently Asked Questions following Notice 2018-20, which postponed the deadline for...
[32324] March 26, 2020 TO: Chief Information Security Officer Committee Equity Markets Advisory Committee Technology Committee RE: SEC Chairman Clayton Directs Staff to Provide Recommendations on Consolidated Audit Trail Data Security On March 17, SEC Chairman Jay Clayton issued a...
[32321] March 26, 2020 TO: ICI Members ICI Global Tax Committee Management Company Tax Subcommittee Tax Committee SUBJECTS: Fund Accounting & Financial Reporting Tax RE: IRS Issues FAQs on Tax Filing Deadlines and FATCA Reports The IRS issued Frequently Asked Questions following...
[32316] March 25, 2020 TO: ICI Members SUBJECTS: Transfer Agency RE: SEC Issues COVID-19-Related Exemptive Relief for Transfer Agents Through May 30, 2020 On March 20, the SEC announced temporary conditional regulatory relief for registered transfer agents and other regulated persons...
[32317] March 25, 2020 TO: ICI Members Investment Company Directors SUBJECTS: Compliance Disclosure Fund Accounting & Financial Reporting Fund Governance Investment Advisers Operations Portfolio Oversight Risk Oversight Transfer Agency RE: SEC Division of Investment Management...
[32310] March 24, 2020 TO: ICI Members Management Company Tax Subcommittee Tax Committee SUBJECTS: Fund Accounting & Financial Reporting Tax RE: COVID-19: ICI Urges IRS Guidance on Tax Filing Deadline The IRS issued Notice 2020-18 postponing the deadline for federal income tax returns...
[32311] March 24, 2020 TO: ICI Global Investing Subcommittee ICI Global Regulated Funds Committee RE: Postponement of 2020 GMM and Cancellation of ICI/EFAMA Meeting On Monday, ICI’s President and CEO, Paul Schott Stevens, announced that, after much careful consideration, ICI has...
[32314] March 24, 2020 TO: ICI Members Investment Company Directors SUBJECTS: Compliance Disclosure Fund Accounting & Financial Reporting Fund Governance Investment Advisers Operations Portfolio Oversight Risk Oversight Transfer Agency RE: SEC Provides Temporary Interfund Lending...
[32312] March 24, 2020 TO: ICI Global Investing Subcommittee ICI Global Regulated Funds Committee RE: Consultation on Draft Regulation under Japan's FEFTA; Member Call on March 27 As we previously reported, on November 22, 2019, the Japanese National Diet passed an amendment bill to...
[32313] March 24, 2020 TO: ICI Members Accounting/Treasurers Committee Registered Fund CPO Advisory Committee SUBJECTS: Compliance Derivatives Disclosure Distribution Fund Accounting & Financial Reporting Investment Advisers Operations Recordkeeping RE: NFA Provides Relief to CPOs and...
[32315] March 24, 2020 TO: ICI Members Pension Committee Pension Operations Advisory Committee SUBJECTS: Pension Tax RE: IRS/Treasury Provide Informal Guidance on COVID-19 Tax Relief Late last week, in connection with the COVID-19 emergency, the IRS and Treasury announced in Notice...
[32309] March 23, 2020 TO: Series Trust Advisory Committee RE: Cancellation of Series Trust Advisory Committee Meeting May 5 Due to the recent advance of the COVID-19 virus and as member firms are focused on sustaining operations in the current environment, ICI has decided to cancel...
[32308] March 23, 2020 TO: Small Funds Committee RE: Cancellation of Small Funds Committee Meeting May 5-6 Due to the recent advance of the COVID-19 virus and as member firms are focused on sustaining operations in the current environment, ICI has decided to cancel the Small Funds...
[32302] March 19, 2020 TO: Tax Advisory Committee RE: Call to Discuss Tax Issues Arising from COVID-19 and Current Market Conditions We have scheduled a call of the Tax Advisory Committee for Tuesday, March 24, 2020, at 1:00 p.m. ET. The dial-in information is below. The purpose of...
[32303] March 19, 2020 TO: Bank-Affiliated Member Advisory Committee RE: Draft Letter on Volcker Rule Proposal; Comments Due to ICI by March 27 As we previously informed you, the five Agencies responsible for implementing Section 13 of the Bank Holding Company Act, known as the...
[32305] March 19, 2020 TO: ICI Global Members ESG Task Force ICI Global Regulated Funds Committee SUBJECTS: Compliance Disclosure International/Global Investment Advisers MiFID, EMIR, AIFMD, UCITS V RE: Detailed Summary of EU NFRD Consultation; Second Member Call on 7 Apr We will have...
[32304] March 19, 2020 TO: ICI Global Tax Committee Management Company Tax Subcommittee Tax Committee RE: Conference Call to Discuss COVID-19-Related Tax Issues We have scheduled a call for Wednesday, March 25, 2020, at 11:00 a.m. ET, to discuss industry tax issues arising from COVID...
[32300] March 18, 2020 TO: ICI Members Accounting/Treasurers Committee Management Company Tax Subcommittee Tax Committee SUBJECTS: Fund Accounting & Financial Reporting Tax RE: IRS Extends Tax Payment Deadline to July 15, 2020 The IRS issued Notice 2020-17 extending the deadline for...
[32297] March 18, 2020 TO: ICI Global Tax Committee Tax Committee RE: Conference Call to Discuss Negative Interest Rates and Money Market Funds As we mentioned on the recent Tax Committee call, ICI has been discussing with its members ways to address negative yields with respect to...
[32298] March 18, 2020 TO: ICI Members Investment Company Directors SUBJECTS: Compliance Disclosure Distribution Fund Accounting & Financial Reporting Fund Governance Intermediary Oversight Operations Technology & Business Continuity Transfer Agency Valuation RE: 2016 ICI Memo...
[32299] March 18, 2020 TO: Municipal Securities Advisory Committee RE: ICI Draft Comment Letter on MSRB's Amendments to Board Membership Rules; Comments Due Wednesday, March 25 As you know, the Municipal Securities Rulemaking Board is seeking comment on draft amendments to MSRB Rule A...
