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...
As detailed in the previous ICI Viewpoints in this series, the Securities and Exchange Commission’s (SEC) new rules for money market funds induced a drop in the assets of prime and tax-exempt money market funds of $910 billion since January 2015 and a roughly comparable $872 billion...
The Securities and Exchange Commission’s new rules for money market funds, which must be fully implemented by October 14, largely center around two key reforms.
First in a series on money market funds. By October 14, the money market fund industry must fully implement the 2014 money market fund reforms passed by the Securities and Exchange Commission (SEC), cementing major changes for investors and fund complexes. ICI has been in close...
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...
Pennsylvania Wants Your Retirement Account By Tamara K. Salmon (As published in the Pittsburg Post-Gazette, September 18, 2016) In July, Pennsylvania legislators made a quiet change to a law and put your retirement savings at risk. Few people know how this law works—but the danger to...
On 401(k) Day, ICI Education Foundation Highlights How to Get the Most from Your Retirement Plan Americans Have Saved $4.8 Trillion in 401(k) Plans Washington, DC, September 8, 2016—The Investment Company Institute Education Foundation (ICIEF) is celebrating National 401(k) Day this...
