SEC Rules Content

The Office of Information and Regulatory Affairs released the Spring 2021 Unified Agenda of Regulatory and Deregulatory Actions on June 11. The agenda includes regulatory actions that the Securities and Exchange Commission and Commodity Futures Trading Commission expect to take...

On June 11, members of the Financial Stability Oversight Council discussed LIBOR transition during the open session of their meeting. As a reminder, USD LIBOR is set to cease publication on June 30, 2023 and the Alternative Reference Rate Committee has recommended SOFR, a rate based...

The Sustainability Accounting Standards Board (SASB) has proposed changes to its Asset Management & Custody Activities Standard on the issue of systemic risk management. ICI filed the attached comment letter in support of SASB's proposal.

As we previously informed you, on June 3, 2021, President Biden signed a new Executive Order Addressing the Threat from Securities Investments that Finance Certain Companies of the People's Republic of China (EO) and the Office of Foreign Assets Control (OFAC) published a number of...

As previously reported, the Securities and Exchange Commission re-opened the comment period for its 2016 universal proxy proposal, which would amend the proxy rules to mandate the use of universal proxy cards in contested director elections. As proposed, the amendments would apply the...

As we previously informed you, in March, then Acting Chair Allison Herren Lee issued a public statement requesting public input from investors, registrants, and other market participants on climate change disclosures. We filed a letter today responding to the request.

On June 3, 2021, President Biden signed a new Executive Order Addressing the Threat from Securities Investments that Finance Certain Companies of the People's Republic of China (EO) and the Office of Foreign Assets Control (OFAC) published a number of new FAQs and updated others...

This week, the Financial Stability Board (FSB) and IOSCO issued a number of statements on benchmarks, with a goal to support a smooth LIBOR transition. As discussed below, the statements by financial stability policymakers generally urged market participants to accelerate the pace of...

SEC Chair Gensler Directs SEC Staff to Consider Further Action on Regulation of Proxy Voting Advice

On Wednesday, June 23rd, from 1-3:00 pm ET, ICI will hold a virtual meeting of the SEC Rules Committee. We are pleased to have as our guest speaker Jennifer McHugh, Senior Adviser to the Director, SEC Division of Investment Management. Ms. McHugh will speak about the staff's recent...