Fund Governance Content

On February 12, 2025, the SEC staff rescinded prior guidance, reinstated previously rescinded guidance, and issued new guidance on the shareholder proposal rule (Rule 14a-8). Rule 14a-8 under the Exchange Act conditionally permits a company's shareholders to include proposals (i.e...

The Investment Company Institute and the Independent Directors Council invite your fund complex to participate in the ICI/IDC Directors Practices Study. The Directors Practices Study, conducted since 1996, collects and reports data on fund board practices and independent director...

The United States Court of Appeals for the Fifth Circuit vacated the order of the Securities and Exchange Commission approving Nasdaq's Board Diversity Proposal

ICI submitted a comment letter (linked below) on the National Association of Insurance Commissioners' Financial Analysis Handbook Exposure Draft of the Financial Analysis Solvency Tools Working Group.

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...

In Securities and Exchange Commission v. Jarkesy, the Supreme Court held that when the SEC seeks civil penalties against a defendant for securities fraud, the Constitution's Seventh Amendment entitles the defendant to a jury trial.

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On June 26th, the Fifth Circuit Court of Appeals vacated those 2022 SEC proxy advice amendments that rescinded the 2020 amendments—called the "notice-and-awareness" conditions.