IDC Seeks Changes to SEC’s Derivatives Proposal to Ensure Proper Oversight Role for Fund Boards Washington, DC, March 28, 2016—The Independent Directors Council (IDC) recommends changes to a proposal by the Securities and Exchange Commission (SEC) governing the use of derivatives by...
ICI Supports Derivatives Risk Management Program for Funds Seeks Changes to SEC Rule Proposal to Preserve Benefits of Using Derivatives Washington, DC, March 28, 2016—The Investment Company Institute (ICI) supports adoption by the Securities and Exchange Commission (SEC) of a proposed...
ICI Calls on California Officials to Delay Action on ‘Secure Choice’ Retirement Plan Consultants’ Report on Feasibility Fails to Provide Adequate Analysis Washington, DC, March 24, 2016—California officials should delay further action on the state’s proposed “secure choice” state-run...
In this second posting in our series, I’d like to focus on computer incident response planning. In last month’s post, I mentioned that there are many more data breaches that take place than we are made aware of through the media. These cybersecurity events can affect networks large...
Average Expense Ratios for Equity, Hybrid, and Bond Mutual Funds Hit 20-Year Lows Washington, DC, March 16, 2016—Expense ratios for equity, hybrid, and bond mutual funds dropped in 2015 to the lowest level in at least 20 years, while money market fund expense ratios remained at their...
Calls on FINRA to Assume Responsibility for Processing Fees to Ensure Fair Treatment of Shareholders Orlando, FL, March 14—Unless the Securities and Exchange Commission (SEC) takes action, processing fees could erase $1 billion from the savings that fund shareholders are expected to...
Innovation in Fund Disclosure: The Potential, the Barrier, and the Path Forward General Counsel’s Address, 2016 Mutual Funds and Investment Management Conference David W. Blass General Counsel Investment Company Institute March 14, 2016 Orlando, FL As prepared for delivery. Good...
For several years now, ICI has pushed back against those advocating for bank-like regulations on the asset management industry, pointing out the numerous reasons why regulated funds or their managers are not sources of risk to the overall financial system.
