Broker-Dealer Advisory Committee
The Broker/Dealer Advisory Committee (BDAC) provides a forum to identify ways to improve the distribution, operational processing, servicing, and support of registered fund products. Such efforts are to better serve the needs of both shareholders and the larger funds industry.
Key Issues of Interest
- Enhancing the accuracy, timeliness, and efficiency of information available through automated networks, such as those provided by the National Securities Clearing Corporation (NSCC).
- Providing guidance to and prioritizing enhancements supporting mutual fund distribution for the industry.
- Establishing industry processing standards and guidelines.
- Identifying and understanding emerging trends in both exchange-traded fund and mutual fund distribution and the related effect to both existing and new products and services.
- Facilitating compliance with new regulatory requirements affecting fund distribution.
- Communicating with other ICI committees and interested parties to broaden industry awareness of BDAC initiatives and priorities.
Committee Meetings
The BDAC meets a minimum of eight times per year: four virtual and in-person committee meetings along with quarterly virtual updates from the Depository Trust and Clearing Corporation (DTCC) with the Bank, Trust, and Retirement Advisory Committee. The committee’s numerous task forces and working groups hold virtual and in-person meetings as needed.
Committee Members
Membership Information
The BDAC is an Invitation Only Committee. The Committee has reached its membership capacity and is not accepting new members at this time. The committee’s operating Guidelines and Expectations outline committee member participation and ICI governance practices. Regular updates on the BDAC's ongoing activities and key projects are provided at ICI’s Operations Committee meetings.
Colleague Access
Colleague Access gives committee representatives the ability to designate co-workers (i.e., non-committee members) to view committee memos and materials online, receive notification of memos addressed to the committee via ICI Digest and participate in committee calls and meetings.
As committees may deal with confidential policy topics involving draft comment letters and conference calls, ICI limits the number of colleagues per firm who can be designated for Colleague Access. Only committee representatives (not alternates or substitutes) can activate Colleague Access, and colleagues must be employed by the committee member’s firm.
BDAC representatives may designate a total of five individuals for colleague access.