SEC Rules Content

On April 28, the Securities and Exchange Commission (SEC or "Commission") reopened the comment period for its proposal to amend the rules governing beneficial ownership reporting on Schedules 13D and 13G ("Proposal"). The Commission reopened the comment period to allow interested...

On April 21, the Financial Stability Oversight Council (FSOC or Council) voted to issue two proposals: (i) revised guidance on the Council's process for potential designation of a nonbank financial company as a systemically important financial institution (SIFI); and (ii) a new...

ICI is pleased to announce publication of its white paper, Reaching the Debt Limit: Certain Fund Operational and Legal Considerations. If the US debt limit is not increased in a timely and orderly fashion, the US Government may be considered in default on its obligations as they...

Attached for your review is ICI's draft comment letter on the SEC proposal regarding Safeguarding Advisory Client Assets, proposed on February 15, 2023.

ICI has filed the attached comment letter with the SEC on the Tick Size and Access Fee Reduction proposal ("Proposal"). The letter addresses the proposed amendments to Regulation NMS, which would establish variable minimum pricing increments for both the quoting and trading of NMS...

On March 31, 2023, ICI filed a comment letter on the SEC's proposals for Regulation Best Execution and the Order Competition Rule issued by the SEC on December 14, 2022. Proposed Regulation Best Execution would establish a new SEC-level standard regarding a broker-dealer's duty of...

On March 27, ICI filed a comment letter on the SEC's re-proposal of a rule that was initially proposed in September 2011 to implement the prohibition under Section 621 of the Dodd-Frank Act on material conflicts of interest in connection with certain securitizations (the "Re-Proposed...

On March 15, 2023, the Securities and Exchange Commission (SEC) published a proposal that would establish new cybersecurity risk management rules for transfer agents, among other market entities. The proposal seeks to address cybersecurity risks through policies and procedures...