ICI Innovate brings together multidisciplinary experts to explore how emerging technologies will impact fund operations and their implications for the broader industry.
ICI Innovate is participating in the Emerging Leaders initiative, offering a heavily discounted opportunity for the next generation of asset management professionals to participate in ICI’s programming.
On January 14, 2025, the Department of Labor (DOL) issued Field Assistance Bulletin (FAB) No. 2025-01, announcing a temporary enforcement policy related to the transfer of small accounts of missing participants to state unclaimed property funds. Under the new enforcement policy, DOL...
January 24, 2025—ICI submitted a response to address certain statements in comment letters filed on November 14, 2024, by Professor Robert J. Jackson, Jr. and Saba Capital Management, L.P., that ICI believes misrepresents its research on closed-end fund governance and the underlying...
The asset management industry faces an escalating battle against cybercriminals employing increasingly sophisticated tactics. From state-sponsored attacks to ransomware-as-a-service (RaaS) platforms enabling low-skilled criminal infiltrations, the threat landscape is more complex than...
Several ICI member firms have reported receiving notifications from the Internal Revenue Service (IRS) informing them that their funds' tax information was leaked as part of the "Littlejohn" data breach at the IRS. These notices state that a former IRS contractor "has been charged...
Join Independent Directors at IDC’s Upcoming Chapter Meetings in Southern California, Florida, Ohio, North Carolina, and New York IDC is pleased to kick off a new season of Chapter Meetings for fund independent directors. We are looking forward to engaging with directors in your...
On January 23, 2025, the SEC published Staff Accounting Bulletin No. 122 (SAB 122)[1] which rescinds the interpretive guidance included in Section FF of Topic 5 (Topic 5.FF) in the Staff Accounting Bulletin Series entitled Accounting for Obligations to Safeguard Crypto-Assets an...
New leadership in Washington means there is an opportunity to set a future course for U.S. financial markets and retirement security. On behalf of our members, ICI is actively working with the Trump Administration and Congress to advance policies that protect fund shareholders, expand...
On January 16, 2025, the SEC announced that it settled charges against two registered investment advisers (the "Advisers"), for breaching their fiduciary duties by failing to reasonably address known vulnerabilities in their investment models and for related compliance and supervisory...
On January 10, 2025, Judge O'Connor of the United States District Court for the Northern District of Texas issued a 70-page opinion in Spence v. American Airlines, Inc. In the lawsuit, Bryan Spence, an employee of American Airlines, Inc. and participant in one of American's defined...
Latest Comment Letters:
TEST - ICI Comment Letter Opposing Sales Tax on Additional Services in Maryland
ICI Comment Letter Opposing Sales Tax on Additional Services in Maryland
ICI Response to the European Commission on the Savings and Investments Union