Equity Markets Advisory Content

On February 15, ICI joined several other industry participants in filing the attached amicus curiae ("friend of the court") brief in support of the petition filed by the American Securities Association (ASA) and Citadel Securities in the US Court of Appeals for the 11th Circuit to...

On February 15, 2024, the Securities and Exchange Commission (SEC) issued an order instituting proceedings (the "Order") to determine whether to approve or disapprove proposed changes to the National Market System (NMS) Plan to Address Extraordinary Market Volatility (the "Plan")...

Attached for your review is ICI's draft comment letter to the SEC expressing support for the revised CT Plan. The revised plan, submitted by the SROs, generally conforms to the SEC's September 2023 amended order on NMS equity data governance and carries over several important reforms...

On January 19, the SEC published a revised SRO proposal for a new Consolidated National Market System (NMS) Equity Data Plan ("Revised CT Plan") for public comment. This proposal is based on the SEC's September 2023 amended order for NMS equity data governance, which conforms to the...

On January 16, the Basel Committee on Banking Supervision (BCBS), the Bank for International Settlements' Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) jointly published a consultation report on...

ICI has been invited by SIFMA to join an amicus brief with several other groups in support of the American Securities Association's and Citadel Securities's petition against the SEC seeking to vacate the SEC's September 2023 approval of the CAT revised funding model.

The Office of Information and Regulatory Affairs released the Fall 2023 Unified Agenda of Regulatory and Deregulatory Actions on December 6, 2023. The agenda includes regulatory actions that the Securities and Exchange Commission and Commodity Futures Trading Commission expect to take...

ICI Global has filed comments with the Financial Stability Board (FSB) regarding the Consultation report on Financial Resources and Tools for Central Counterparty Resolution (Consultation). This memorandum summarizes ICI Global's comments.

On October 13, the Securities and Exchange Commission (SEC) adopted a final rule to require institutional investment managers under new Rule 13f-2 to report certain short position and related activity data for equity securities through a new Form SHO. ICI previously submitted a...

On October 13, the Securities and Exchange Commission adopted new Rule 10c-1a ("Final Rule") under the Securities Exchange Act of 1934 ("Exchange Act"), which is intended to increase transparency and efficiency in the securities lending market. We were pleased that the Final Rule was...