SEC Rules Content

On 11 November 2024, the International Organization of Securities Commissions published two related consultations on liquidity risk management in open-end funds. Comments on both Consultations are due on 11 February 2025 and must be submitted by electronic form.

Later this month, ICI intends to submit a letter to the SEC, reiterating our concerns about applying Rule 15c2-11 under the Exchange Act to fixed income securities. Market participants historically have not understood the rule to apply to, and its provisions are not well-suited for...

On November 8, 2024, the SEC instituted public administrative and cease-and-desist proceedings against an asset manager arising from misleading statements concerning the company-wide percentage of assets under management by it and its affiliates that was "ESG integrated," a term that...

ICI and ICI Southwest have submitted a comment letter to the Federal Deposit Insurance Corporation on its proposal to amend the agency's existing regulations under the Change in Bank Control Act. This memorandum briefly explains the Proposal and summarizes the letter.

The North American Securities Administrators Association has been encouraging states to require mutual funds to submit state registration filings through an electronic filing system called Electronic Filing Depository that NASAA developed and maintains. Mutual funds are currently...

This memorandum catalogues significant ESG related developments that have occurred since February 2, 2024.

For the thirteenth year in a row, the Securities and Exchange Commission's Division of Examinations has published its examination priorities for the coming year. While the Division has historically published these exam priorities near the beginning of the calendar year, this is the...

On October 21, 2024, the SEC instituted public administrative and cease-and-desist proceedings against an asset manager arising from statements made regarding three exchange-traded funds that it marketed as incorporating environmental, social, and governance factors. To settle the...

On October 21, 2024, ICI submitted a comment letter to nine federal agencies, including the Securities and Exchange Commission, on their proposal to jointly establish data standards for collections of information reported to the Agencies under the Financial Data Transparency Act of...

For review is a draft ICI comment letter to the proposal issued by nine federal agencies including the Securities and Exchange Commission, to jointly establish data standards for collections of information reported to the Agencies under the Financial Data Transparency Act of 2022.