SEC Rules Content

Attached for your review is ICI's draft response to the CFA Institute's Exposure Draft of Verification Procedures for CFA Institute ESG Disclosure Standards for Investment Products (Verification Procedures Exposure Draft).[1] Please provide your comments to Annette Capretta at...

On September 1, SEC Chair Gensler spoke to the European Parliament Committee on Economic and Financial Affairs on three topics: (i) Predictive Data Analytics, Digital Engagement Practices, and Financial Stability; (ii) Crypto Assets; and (iii) Issuer Disclosures. Chair Gensler's...

On August 12, the International Organization of Securities Commissions (IOSCO) published the results of its examination of the behavior of exchange-traded funds (ETFs) during the COVID-19 induced market stress (the "Report").

On August 27, the Securities and Exchange Commission issued a request for information and public comment on broker-dealer and investment adviser digital engagement practices (RFI). The RFI, which is summarized below, includes questions about broker-dealer and investment adviser use of...

Earlier this week, the SEC sanctioned eight firms in three actions for failures in their data security practices relating to cloud-based email accounts. While the respondents in these actions neither admitted nor denied the alleged violations, below are the findings from the SEC's...

The OBO/NOBO Working Group, an industry working group created at the SEC staff's request, yesterday submitted the attached report to the SEC staff ("Report"). Significantly, Working Group participants representing broker-dealers, public companies, and funds agreed that the SEC should...

On August 26, 2021, the US Government Accountability Office (GAO) released a report titled "401(k) Retirement Plans, Many Participants Do Not Understand Fee Information, but DOL Could Take Additional Steps to Help Them." The report responds to a request from Senator Patty Murray...

On August 18, the Securities and Exchange Commission, pursuant to delegated authority, issued an order ("Order") disapproving the New York Stock Exchange's (NYSE) proposed rule change on maximum fees to be charged by member organizations for forwarding proxy and other materials to...

On August 6, the Securities and Exchange Commission issued an order approving Nasdaq's proposed rule changes on diverse representation on corporate boards and associated reporting for companies listed on its exchange. With these new rules, Nasdaq aims to provide consistent, comparable...

This memorandum catalogues significant ESG related developments that have occurred since the beginning of June. It references ICI memoranda that provide a more fulsome description of each matter. You can find all of these memoranda on our website in our ESG Resource Center.