Securities Operations Advisory Committee
The primary objective of SOAC is to provide advice and input to the Institute on current regulatory and industry initiatives affecting portfolio securities operations for mutual fund members.
Key Issues of Interest
- Proposed issues and initiatives impacting portfolio securities clearance and settlement.
- Industry processing standards and guidelines.
- Impact of new regulatory requirements including compliance and implementation.
- Resource for portfolio securities operations to other ICI committees and interested stakeholders.
Committee Meetings
SOAC will hold three in-person meetings per year. Conference calls will be scheduled depending upon the issues that need to be addressed, unless the group determines that a topic is significant enough for an in-person meeting.
Membership Information
SOAC consists of senior mutual fund company executives responsible for portfolio securities clearance and settlement operations, major custodial bank organizations, and Depository Trust & Clearing Corporation (DTCC). Each Institute member firm may have up to two representatives on SOAC.
Committtee Members
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.
Securities Operations Advisory Committee representatives may designate a total of two individuals for colleague access.