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Financial Services Regulatory Reform
Passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act launched a new phase of financial regulatory reform. As regulators began work on the hundreds of new rules, reports, and studies mandated by the Dodd-Frank Act, ICI was an active participant in these efforts on behalf of funds and their shareholders, directors and advisers.
News & Publications
News & Publications
ICI, SIFMA, and DTCC Leading Effort to Shorten US Securities Settlement Cycle to T+1, Collaborating with the Industry on Next Steps
A shorter settlement cycle will benefit investors and market participant firms by reducing systemic and operational risks.
Spending Bill Rider Will Trap Investors Under Piles of Paper
Spending Bill Rider Will Trap Investors Under Piles of Paper By Paul Schott Stevens (As published on TheHill.com, February 9, 2018) Most Americans today go online to get news, shop for a wide range of items, book travel, connect with far-flung friends and family, and manage their finances. But when it comes to mutual funds, 100 million mutual fund shareholders are stuck in a pre-internet world of thick paper shareholder reports, which land with a thud in mailboxes twice a year. Is there a better way to inform shareholders? Yes. Rule 30e-3, proposed by the Securities and Exchange Commission...
ICI Applauds House Passage of the Financial CHOICE Act
ICI Applauds House Passage of the Financial CHOICE Act Urges Senate to Approve Reforms to Avoid Inappropriate, Bank-Like Regulation of Registered Funds Washington, DC, June 8, 2017— Investment Company Institute (ICI) President and CEO Paul Schott Stevens issued the following statement upon passage today by the US House of Representatives of “The Financial CHOICE (Creating Hope and Opportunity for Investors, Consumers, and Entrepreneurs) Act of 2017.” “Today’s vote brings us one step closer to enhancing investment and economic growth by eliminating inappropriate and overly burdensome regulation...
ICI Applauds House Financial Services Committee Passage of the Financial CHOICE Act
ICI Applauds House Financial Services Committee Passage of the Financial CHOICE Act Applauds Provisions to Remove Potential for Bank-Like Regulation of Funds Washington, DC, May 4, 2017— Investment Company Institute (ICI) President and CEO Paul Schott Stevens issued the following statement upon passage today by the House Financial Services Committee of “The Financial Creating Hope and Opportunity for American Investors, Consumers, and Entrepreneurs (CHOICE) Act of 2017.” “We applaud committee passage of the Financial CHOICE Act, and support Chairman Hensarling’s goal of enhancing investment...
Additional Resources
- Letter to the Editor: On Fiduciary Rule, New York Times Relies on Fatally Flawed Research
Apr 8, 2015 - U.S. House Committee on Financial Services
- U.S. Senate Committee on Banking, Housing, and Urban Affairs
- A Joint Report of the SEC and the CFTC on Harmonization of Regulation (pdf)
- Senate Banking Committee Hearing: "Establishing a Framework for Systemic Risk Regulation"
- House Committee on Financial Services Hearing: Industry Perspectives on the Obama Administration's Financial Regulatory Reform Proposals
- President Obama's Speech: Remarks by the President on 21st Century Financial Regulatory Reform
- Obama Administration Plan: Financial Regulatory Reform: A New Foundation (pdf)
- Senate Banking Committee Hearing: "Enhancing Investor Protection and the Regulation of Securities Markets"