Disclosure Content

As required by the Financial Data Transparency Act of 2022, several federal financial regulators, including the SEC, published a proposal to establish joint data standards. The purpose of the Proposal is to promote the interoperability of financial regulatory data across the Agencies.

In late July, the SEC approved, then shortly thereafter stayed, amendments to FINRA Rule 2210. The amendments would allow a FINRA member firm to project investment performance or provide a targeted return in limited circumstances and subject to certain conditions.

On July 30, 2024, ICI submitted the attached comment letter to the Securities and Exchange Commission on the Financial Industry Regulatory Authority's proposed FINRA Rule 6500 series that would implement FINRA's Securities Lending and Transparency Engine.

On 8 July, the European Securities Market Authority issued two consultations regarding liquidity management tools with proposed regulatory technical standards and guidelines for Undertakings for the Collective Investment in Transferable Securities and Alternative Investment Funds...

The Office of Information and Regulatory Affairs released the Spring 2024 Unified Agenda of Regulatory and Deregulatory Actions on July 8, 2024. The agenda includes regulatory actions that the Securities and Exchange Commission and Commodity Futures Trading Commission expect to take...

On May 7, 2024, the Securities and Exchange Commission published a notice to solicit comments on a proposed rule change filed, pursuant to Securities Exchange Act Rule 19b-4, by the Financial Industry Regulatory Authority to adopt a new rule series to require reporting of securities...

On April 23, 2024, the Department of Labor (DOL) released a final version of its regulatory package on fiduciary investment advice ("Final Package"). The Final Package includes an amendment to the regulation defining who is a "fiduciary" under section 3(21) of ERISA and section 4975(e...

On April 24, the staff of the SEC Division of Investment Management's Analytics Office published a new report titled "Registered Fund Statistics" that "provides statistics and trends for SEC-registered investment companies that file reports of portfolio holdings on Form N-PORT each...

On April 8, 2024, a group of ICI staff participated in a telephone meeting with representatives from the White House's Office of Management and Budget (OMB) and the Department of Labor (DOL) to discuss DOL's fiduciary investment advice package.

On March 6, 2024, the Securities and Exchange Commission adopted final rules on The Enhancement and Standardization of Climate-Related Disclosures for Investors. Following adoption, the Final Rules were subjected to a number of legal challenges. On April 4, 2024, the Commission issued...