The Internal Sales Managers Roundtable provides a forum for members to explore challenges and issues related to the distribution of mutual funds via internal and hybrid wholesalers.

The International Compliance Advisory Committee consists of those senior staff from our members’ compliance departments who oversee the member’s compliance with regulatory requirements imposed by non-US regulators (e.g., the FCA). The Advisory Committee provides a forum for members to discuss such requirements, including the challenges presented from operating in multiple jurisdictions, and sound compliance practices for firms with a global presence. From time-to-time, the Committee will also receive presentations from regulatory officials or experts on topics of interest to the Committee.

The International Internal Audit Advisory Committee consists of those senior staff from our members’ internal audit departments who have a presence outside the US and who must comply with requirements imposed on the member’s internal audit function by non-US regulators. The Advisory Committee provides a forum for its members to discuss such requirements, including issues arising from the integration of multiple national requirements, the challenges they present for members operating in multiple jurisdictions, and sound internal audit practices for firms with a global presence.

ICI’s working group on investment adviser and broker-dealer standards of conduct (“Standards of Conduct Working Group”) provides a forum for ICI members to discuss issues raised by application of the SEC’s standards of conduct for broker-dealers and investment advisers, including Reg BI, Form CRS, and the fiduciary duty standard. The Standards of Conduct Working Group also provides a forum to discuss related issues including developments regarding state law standards of conduct.

The Investment Advisers Committee addresses regulatory and compliance matters affecting investment advisers
Legislative issues concerning federally registered investment advisers and their representatives.

The Management Company Tax Subcommittee deals with legislative, regulatory, and compliance issues (in federal, state, and international contexts) affecting the taxation of fund management companies and their affiliates.

The Money Market Funds Advisory Committee examines the regulatory and legislative issues affecting money market funds, including issues arising under Rule 2a-7 under the Investment Company Act of 1940. It examines the implications of changes to, and developments in the money market. It provides a forum for members to discuss policy objectives.