ICI Innovate brings together multidisciplinary experts to explore how emerging technologies will impact fund operations and their implications for the broader industry.
ICI Innovate is participating in the Emerging Leaders initiative, offering a heavily discounted opportunity for the next generation of asset management professionals to participate in ICI’s programming.
The Money Market Funds Advisory Committee examines the regulatory and legislative issues affecting money market funds, including issues arising under Rule 2a-7 under the Investment Company Act of 1940. It examines the implications of changes to, and developments in the money market. It provides a forum for members to discuss policy objectives.
On January 16, 2025, the staff of the Securities and Exchange Commission's Division of Investment Management issued guidance reminding registrants about their website disclosure requirements.
On December 17, 2024, the Commodity Futures Trading Commission approved a final rule amending CFTC Regulation 1.25, which provides for the safeguarding and investment of customer funds by futures commission merchants and derivatives clearing organizations.
ICI submitted an analysis of tax implications resulting from recent SEC money market fund reforms to the U.S. Treasury and requested a meeting to discuss these tax issues.
As part of the SEC's Conference on Emerging Trends in Asset Management, Chair Gensler delivered a keynote address titled, "Jack Bogle, Haystacks, and Putting the Interest of the Clients First." His remarks covered a number of subject areas, including the growth of investment products...
On March 21, the SEC issued two sets of proposed rule changes from the Fixed Income Clearing Corporation (FICC) to its Government Securities Division (GSD) rulebook that would modify aspects of its clearing access models, including membership qualification requirements; and amend...
[35651] March 18, 2024 TO: ICI Members Fixed-Income Advisory Committee Money Market Funds Advisory Committee SEC Rules Committee SUBJECTS: Fixed Income Securities Trading and Markets RE: FINRA to Start Disseminating US Treasury End-of-Day Transaction Data on March 25 FINRA has...
The attached memorandum summarizes the tax implications for a stable-NAV money market fund that uses RDM in a negative yield environment. RDM allows a fund to prevent NAV declines attributable to negative yields by instead reducing daily the number of shares outstanding, thereby...
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 Wednesday, February 7, the SEC approved a proposed rule change from FINRA to amend its rules to allow it to disseminate transaction-level data in US Treasury securities that are On-the-Run Nominal Coupons on an end-of-the-day basis.
Latest Comment Letters:
TEST - ICI Comment Letter Opposing Sales Tax on Additional Services in Maryland
ICI Comment Letter Opposing Sales Tax on Additional Services in Maryland
ICI Response to the European Commission on the Savings and Investments Union