ICI submitted a response to the CFA Institute's Exposure Draft of ESG Disclosure Standards for Investment Products. The attached document provides ICI's responses to questions raised in the Exposure Draft.
On 27 May 2021, the European Securities and Markets Authority (ESMA) published its final report ("the report") on funds' marketing communications guidelines ("the Guidelines") under the Cross-border Distribution of Funds Regulation (CBDFR). The final report follows the publication of...
On 1 July 2021, the European Commission ("the Commission") published a report ("the Report") on the Central Securities Depositaries Regulation (CSDR). As outlined below, the Commission has identified where further action may be required to achieve the CSDR's objectives in a more...
Attached for your review is ICI's draft response to the CFA Institute's Exposure Draft on ESG Disclosure Standards for Investment Products, which incorporates member input on a previous draft. Please provide your comments to Annette Capretta at acapretta@ici.org by 5:00 pm ET on July...
On 29 June 2021, the Hong Kong Securities and Futures Commission (SFC) issued the Circular to management companies of SFC-authorised unit trusts and mutual funds - ESG funds (Circular). The Circular supersedes the 2019 Circular on Green or ESG funds and enhances the scope and...
On June 22, 2021, the Luxembourg Commission de Surveillance du Secteur Financier (CSSF) published its feedback report on the European Securities and Market Authorities (ESMA) recent Common Supervisory Action (CSA) on UCITS Liquidity Risk Management (LRM), which released its results in...
Last week, the Financial Stability Board (FSB) issued its Consultation Report (Report) seeking comments on policy proposals to enhance money market fund resilience, including with respect to the appropriate structure of the sector and of underlying short-term funding markets. The...
The next meeting of the ICI Global Regulated Funds Committee will be held virtually on Thursday, July 22, 2021, from 10:00 a.m. - 12:00 p.m. US Eastern / 3:00 p.m. - 5:00 p.m. GMT. A calendar invitation was sent to you previously, but we ask that you please register for the meeting...
Last week, the UK Financial Conduct Authority (FCA) released a consultation on how to change the calculation methodology for UK sterling and Japanese yen LIBOR rates, which are expected to become unrepresentative after December 31, 2021. The FCA expects that it will compel the ICE...
In late March, the European Banking Authority (EBA) published a consultation paper on draft regulatory technical standards (RTS) on disclosure of investment policy by investment firms under Article 52 Regulation (EU) 2019/2033 on the prudential requirements of investment firms (IFR)...
