Beyond the Idea Stage By Dan Waters (As published in Funds Europe, 21 December, 2015) A global transformation is underway in finance. Governments across the world are increasingly asking, ‘How can we allocate capital more efficiently, stimulate economic growth, diversify our sources...
Bipartisan Legislation Would Set New, Consumer-Focused Best-Interest Standard to Protect Individual Savers Washington, DC, December 18, 2015—Investment Company Institute President and CEO Paul Schott Stevens issued the following statement upon introduction of the Strengthening Access...
Recent conditions in the high-yield credit markets have raised questions about the impact of market turmoil on mutual funds investing in that segment of the bond market.
Welcoming Remarks 2015 ICI Securities Law Developments Conference David W. Blass General Counsel Investment Company Institute December 16, 2015 Washington, DC As prepared for delivery. Good morning, everyone. I’d like to begin by thanking our sponsors, our speakers and panelists, and...
The Investment Company Institute (ICI) has released an update to the Financial Intermediary Controls and Compliance Assessment (FICCA) framework. FICCA assists mutual funds with the oversight of financial intermediaries that service fund shareholders and that primarily use omnibus...
ICI Statement on SEC Derivatives Rulemaking Washington, DC, December 11, 2015—Investment Company Institute President and CEO Paul Schott Stevens issued the following statement in response to a vote today by the Securities and Exchange Commission (SEC) to propose a rule on the use of...
ICI Names Christina Kilroy as Vice President, ICI Education Foundation Washington, DC, December 9, 2015—Christina “Tina” Kilroy has been named vice president of the ICI Education Foundation (ICIEF), leading ICI’s efforts to develop and deepen investor education resources and partner...
Recently, the Municipal Securities Rulemaking Board (MSRB) opened the door on the regulatory filings needed to move the U.S. securities markets to a shortened settlement cycle.
The extraordinary volatility in U.S. equity markets on August 24, 2015, exposed a significant deficiency in the rules governing these markets’ structure: a lack of harmonization across securities exchanges for reopening trading after a “limit up–limit down” trading halt in a security.
ICI Recordkeeper Data Show Retirement Plan Participants’ Commitment to Saving Washington, DC, November 24, 2015—Americans remain committed to saving for retirement through defined contribution (DC) plans, according to ICI’s latest study of retirement plan savers’ actions. The study, “...
