The Investment Company Institute submitted its views on the Accelerated Settlement Taskforce Technical Group’s draft recommendations and report. The Report sets forth draft operational recommendations to facilitate the UK’s move to shorten its settlement cycle, focusing on the...
On 27 September, the United Kingdom Accelerated Settlement Taskforce Technical Group published a consultation report, with draft operational recommendations to facilitate the UK's move to shorten its settlement cycle from two days after the trade date (T+2) to one day (T+1).
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...
On May 22, the European Commission (EC) released a consultation paper assessing the adequacy of macroprudential policies for non-bank financial intermediation. The consultation is open until November 22, 2024. ICI will prepare a response to the consultation over the coming months.
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...
On March 6, 2024, the SEC voted 3-2, along party lines, to adopt final rules on The Enhancement and Standardization of Climate-Related Disclosures for Investors. The rules apply to public companies.
On 8 March, ICI Global filed a response to the UK Financial Conduct Authority's (FCA) consultation on updating the regime for money market funds (MMFs) (the Consultation).[1] The Consultation proposed revisions to the retained Money Market Fund Regulation (MMFR), with an intent to...
On December 20, 2023, the Financial Stability Board (FSB) and International Organization of Securities Commissions (IOSCO) each published final reports on liquidity risk management in open-ended funds (OEFs), following their respective July 2023 consultations on the subject.
