SEC Rules Content

On July 28, ICI filed a letter supplementing our April comment letter on the Securities and Exchange Commission's proposed cybersecurity risk management rules for funds and advisers (attached).

[34260] August 18, 2022 TO: ICI Members Investment Company Directors SEC Rules Committee SUBJECTS: Disclosure ESG RE: ICI Comment Letter on SEC's Names Rule Proposal At the end of May, the Securities and Exchange Commission proposed amendments to Rule 35d-1 (Names Rule) under the...

[34262] August 18, 2022 TO: ICI Members Money Market Funds Advisory Committee SEC Rules Committee SUBJECTS: Money Market Funds RE: ICI Supplemental Comment Letter on SEC's Proposed Money Market Fund Reforms On August 8, ICI filed a letter with the Securities and Exchange Commission to...

The staff of the SEC's Division of Investment Management recently issued guidance on computing standardized yield ("SEC Yield") for registered investment companies that invest significantly in Treasury Inflation-Protected Securities ("TIPS funds").

On August 16, 2022, ICI submitted a comment letter on the SEC's proposal for new disclosure requirements for investment companies and investment advisers.

In June, the SEC issued a request for comment on index providers, model portfolio providers, and pricing services.

The staff of the Securities and Exchange Commission recently issued a Staff Bulletin providing guidance on the application of standards of conduct relevant to broker-dealers and investment advisers in identifying and addressing conflicts of interest.

As you may recall, in June 2022, the Institute filed suit against the California Department of Financial Protection and Innovation (DFPI) to challenge the Department's authority to increase the notice filing fees it imposed on investment companies.

In June, the SEC issued a request for comment on index providers, model portfolio providers, and pricing services.

In June, the US Department of the Treasury ("Treasury") issued a notice and request for information (RFI) on the possibility of additional post-trade transparency of data for secondary transactions in Treasury securities.