The OECD/G20 Inclusive Framework on BEPS (Inclusive Framework or "IF") has announced agreement on a "two-pillar" solution for addressing the tax challenges arising from the digitalization of the economy. These pillars are crafted to exempt small and medium-size enterprises. Many...
This memorandum catalogues significant ESG related developments that have occurred since the beginning of August. It references ICI memoranda that provide a more fulsome description of each matter. You can find all of these memoranda on our website in our ESG Resource Center.
As we previously informed you, the next meeting of the ICI Global Regulated Funds Committee will be held virtually on Thursday, October 28, 2021, from 10:00 a.m. - 12:00 p.m. US Eastern / 3:00 p.m. - 5:00 p.m. GMT. The preliminary agenda is attached.
The French Tax Administration today sent the Institute the attached letter that responds to our September 2020 request (attached) for guidance by which funds can request exemption from French withholding tax.
On 27 September 2021, the European Securities and Markets Authority (ESMA) published its 2022 Annual Work Programme. Similar to the 2021 Annual Work Programme, ESMA notes at the outset that this programme is established at a time of significant change for ESMA.
On September 29, the UK Financial Conduct Authority (FCA) issued a series of publications on its proposed approaches to the definition of tough legacy contract, the permitted use of synthetic UK sterling and Japanese yen LIBOR, and the prohibited new use of USD LIBOR, with limited...
On 6 July 2021, the European Commission published a package of revised sustainable finance strategy measures. This package included a proposed Regulation laying the foundation for a common framework of rules regarding the use of the designation 'European green bond' or 'EuGB' for...
The next meeting of the ICI Global Regulated Funds Committee will be held virtually on Thursday, October 28, 2021, from 10:00 a.m. - 12:00 p.m. US Eastern / 3:00 p.m. - 5:00 p.m. GMT.
ICI submitted a response to the CFA Institute's Exposure Draft of Verification Procedures for CFA Institute ESG Disclosure Standards for Investment Products (Verification Procedures Exposure Draft). The attached document provides ICI's response to questions raised in the Exposure...
On 16 September 2021, ICI Global and several other trade associations wrote to Mairead McGuinness, European Commissioner for Financial Stability, Financial Services and Capital Markets, asking for an extension of the EU's temporary equivalence decision for UK CCPs which is due to...
