ICI Global has filed comments with the Financial Stability Board (FSB) and the International Organization of Securities Commissions (IOSCO) regarding their recent Consultations on liquidity risk management in open-ended funds (OEFs). This memorandum summarizes ICI Global's comments.
On July 20th, the European Commission (Commission) published a report on the adequacy of the Money Market Fund Regulation (MMFR), which has been in application in the EU since January 2019.
On 19 July, the European Council - under the presidency of the Kingdom of Spain - and the European Parliament - led by Spanish conservative MEP Isabel Benjumea (together, the Co-legislators) agreed to provisional versions of the revised Alternative Investment Fund Manager Directive...
On July 18, the Central Bank of Ireland (CBI) published a discussion paper entitled "An approach to macroprudential policy for investment funds" (Discussion Paper). The CBI is accepting comments until November 15.
The European Securities and Markets Authority (ESMA) launched a consultation on May 23 on the draft regulatory technical standards under the revised ELTIF Regulation (ELTIF 2.0). The consultation can be found here. Responses are due to ESMA by August 24.
On June 22, 2023, the Financial Stability Board (FSB) published a consultation on Enhancing Third-Party Risk Management and Oversight: A toolkit for financial institutions and financial authorities. Comments are due on August 22, 2023, and ICI plans to submit a response. The FSB is...
On 5 July 2023, the ESG Data and Ratings Working Group (DRWG), convened by the UK Financial Conduct Authority (FCA), launched a consultation on a draft voluntary code of conduct for ESG ratings and data providers. The draft code of conduct largely aligns with the recommendations of...
On 5 July, the Financial Stability Board (FSB) and International Organization of Securities Commissions (IOSCO) each published consultations on liquidity risk management in open-ended funds (OEFs). The FSB and IOSCO are accepting feedback on the consultations by 4 September.
