Millennials’ Retirement Savings in Mutual Funds Reflect Role of Employer Plans as Gateway to Fund Investing Younger Generations Begin Fund Investing Earlier Than Older Generations Washington, DC, October 18, 2016—Millennials’ focus on retirement saving through mutual funds reflects...
In 2014 the US Securities and Exchange Commission (SEC) finalized new regulations governing money market funds, which will take effect on October 14, 2016. Investment Company Institute (ICI) President and CEO Paul Schott Stevens issued the following statement on the eve of...
ICI Statement on Final SEC Liquidity and Data Reporting Rules Washington, DC, October 13, 2016— Today the US Securities and Exchange Commission (SEC) voted to finalize a set of regulations governing funds’ liquidity risk management practices and data reporting. Investment Company...
Independent Directors Council Names Jonathan F. Zeschin as Chair and Elects Four Governing Council Members Washington, DC, October 6, 2016—The Governing Council of the Independent Directors Council (IDC) has elected Jon Zeschin as its Chair. Zeschin, who has served as IDC Vice Chair...
William F. “Ted” Truscott Elected Chairman of ICI Four New Members Elected to ICI Board of Governors Washington, DC, October 6, 2016—The Board of Governors of the Investment Company Institute (ICI) has elected William F. “Ted” Truscott, CEO of Columbia Threadneedle Investments, to...
UCITS Fund Distribution Reforms Would Benefit Investors and Markets Simplified Rules Would Reduce Investment Barriers, Improve the Flow of Capital London, 4 October 2016—ICI Global urged the European Commission to reform cross-border fund distribution rules to promote greater...
ICI Welcomes SEC Proposal for T+2 Settlement Implementation New Rules Will Help Further Mitigate Risk in Financial Markets Washington, DC, September 28, 2016— The US Securities and Exchange Commission (SEC) today issued proposed rules to shorten the standard securities settlement...
SEC Order Handling Information Proposal Will Benefit Funds and Shareholders ICI Urges Quick Adoption of the Rule Change with Slight Modifications Washington, DC, September 26, 2016—The US Securities and Exchange Commission (SEC) should act quickly to adopt a new rule to enhance...
ICI Applauds Committee Passage of Open MEP Provision to Help Small Employers Offer Retirement Plans Washington, DC, September 22, 2016— ICI President and CEO Paul Schott Stevens today issued the following statement on the US Senate Committee on Finance’s approval of a provision...
ICI Credits FSB’s Focus on Asset Management Activities and Delegation to Securities Regulators FSB Work Requires More Rigor and Transparency Washington, DC, September 21, 2016—Recent work in asset management from the Financial Stability Board (FSB) properly focuses on activities...
