ICI Resource Pages on Investment Company Reporting Modernization and Liquidity Risk Management Program Rules Now Available to Members
Investment Company Directors
ICI Global Members
Accounting/Treasurers Committee
Chief Compliance Officer Committee
Chief Risk Officer Committee
Closed-End Investment Company Committee
Derivatives Markets Advisory Committee
ETF (Exchange-Traded Funds) Committee
ETF Advisory Committee
Fixed-Income Advisory Committee
Investment Advisers Committee
Municipal Securities Advisory Committee
Operations Committee
SEC Rules Committee
Security Valuation Operations Committee
Small Funds Committee
Unit Investment Trust Committee
Variable Insurance Products Advisory Committee SUBJECTS: Compliance
Disclosure
Fund Accounting & Financial Reporting RE: ICI Resource Pages on Investment Company Reporting Modernization and Liquidity Risk Management Program Rules Now Available to Members
As part of our 2017 initiatives, ICI has launched dedicated resource pages to help members understand and implement the SEC’s investment company reporting modernization rules and liquidity risk management program rule.[1] The resource pages contain information intended to assist members with their implementation efforts, including audio recordings of relevant panels at ICI conferences, webinars, and related materials. They also contain background information on the rules with links to SEC releases, ICI comment letters, ICI memos, and other resources.
A dedicated resource page to the SEC’s swing pricing rule amendments will be launched in the coming weeks.[2]
Dorothy M. Donohue
Deputy General Counsel - Securities Regulation
Sarah A. Bessin
Associate General Counsel
Kenneth Fang
Assistant General Counsel
Matthew Thornton
Assistant General Counsel
Gregory M. Smith
Senior Director, Fund Accounting and Compliance
endnotes
[1] The resource page for the investment company reporting modernization rules is available at https://www.ici.org/modernization. The resource page for the liquidity risk management program rule is available at https://www.ici.org/liquidity. See also ICI Memorandum No. 30477 (Dec. 13, 2016), available at https://www.ici.org/my_ici/memorandum/memo30477; Investment Company Reporting Modernization, SEC Release No. IC-32314 (Oct. 13, 2016), available at www.sec.gov/rules/final/2016/33-10231.pdf; and Investment Company Liquidity Risk Management Programs, SEC Release No. IC-32315 (Oct. 13, 2016), available at www.sec.gov/rules/final/2016/33-10233.pdf. For a detailed summary of the investment company reporting modernization rules, see ICI Memorandum No. 30331 (Oct. 21, 2016), available at https://www.ici.org/my_ici/memorandum/memo30331. For a detailed summary of the liquidity risk management program rule, see ICI Memorandum No. 30334 (Oct. 21, 2016), available at https://www.ici.org/my_ici/memorandum/memo30334.
[2] See Investment Company Swing Pricing, SEC Release No. IC-32316 (Oct. 13, 2016), available at www.sec.gov/rules/final/2016/33-10234.pdf. For a detailed summary of the swing pricing amendments and related disclosure requirements, see ICI Memorandum No. 30333 (Oct. 21, 2016), available at https://www.ici.org/my_ici/memorandum/memo30333.