On July 30, the Chair of the Securities and Exchange Commission (SEC), Gary Gensler, issued a statement expressing concern with recent developments in China and the overall risks for investors presented by the China-based variable interest entity (VIE) structure, including the fact...
Attached for your reference is our response to the "IFRS Exposure Draft of Proposed Targeted Amendments to the IFRS Foundation Constitution to Accommodate an International Sustainability Standards Board to Set IFRS Sustainability Standards."
On July 19, 2021, the UK FCA published a "Dear Chair" letter to the chairs of authorized fund managers. The letter sets out the FCAs expectations on the design, delivery, and disclosure of environmental, social and governance (ESG) and sustainable investment funds. The letter includes...
On 22 June 2021, the UK Financial Conduct Authority (FCA) published a proposal to introduce climate-related financial disclosures by asset managers, life insurers, and FCA-regulated pension providers, aligned with the recommendations of the Financial Stability Board's Task Force on...
On July 26, the UK Financial Conduct Authority (FCA) issued PS21/9 on the implementation of the investment firms prudential regime (IFPR). The IFPR - a new prudential regime for investment firms authorized under the Markets in Financial Instruments Directive (MiFID) - creates a single...
On 11 May 2021, the European Commission ("the Commission") published a consultation on a retail investment strategy for Europe ("the consultation"). Attached is ICI Global's draft response which takes account of the feedback we received during the 10 June member call and our bilateral...
On 30 June 2021, the Board of the International Organization of Securities Commissions (IOSCO) released for public consultation the "Recommendations on Sustainability-Related Practices, Policies, Procedures and Disclosure in Asset Management" ("Consultation Report"). The consultation...
On Wednesday, July 14th, 2021, ICI Global along with several trade associations, representing the buy-side, sell-side, and market infrastructures, jointly submitted the attached letter to the European Commission ("the Commission"), and the European Securities and Markets Authority (...
