SEC Rules Content

Attached for your review is a draft ICI comment letter to U.S. Department of the Treasury's "Request for Information on Uses, Opportunities, and Risks of Artificial Intelligence in the Financial Services Sector". Treasury issued the RFI on June 12th, please see the ICI memo...

ICI filed a comment letter on the notice of proposed rulemaking on Cyber Incident Reporting for Critical Infrastructure Act. Reporting Requirements from the Cybersecurity and Infrastructure Security Agency of the Department of Homeland Security.

The Office of Information and Regulatory Affairs released the Spring 2024 Unified Agenda of Regulatory and Deregulatory Actions on July 8, 2024. The agenda includes regulatory actions that the Securities and Exchange Commission and Commodity Futures Trading Commission expect to take...

On June 26th, the Fifth Circuit Court of Appeals vacated those 2022 SEC proxy advice amendments that rescinded the 2020 amendments—called the "notice-and-awareness" conditions.

Commissioner Peirce delivered remarks which include her views on issues related to environmental, social, and governance (ESG) matters as they pertain to asset managers, companies and governments.

ICI, along with a number of other trade associations who represent different participants in the U.S. capital markets, developed a white paper,"Investors and the Markets First: Reforms to Restore Confidence in SEC", which (i) identifies areas where the SEC's current rulemaking agenda...

On June 27, 2024, FINRA published a regulatory notice reminding member firms that as they incorporate the use of generative artificial intelligence (Gen AI) or similar tools into their businesses, "they should be mindful of the potential implications for their regulatory obligations."

On June 5th, 2024, a three-judge panel of the United States Fifth Circuit Court of Appeals issued a unanimous decision to vacate the SEC's Private Fund Adviser Rule in its entirety on the grounds that the Commission lacked statutory authority to adopt the rule.

ICI Global responded to the Financial Stability Board's recent consultation on non-bank market participants' liquidity preparedness for margin and collateral calls. The FSB's consultation presented eight cross-sectoral policy recommendations that are addressed to non-bank financial...

The Department of the Treasury published in the Federal Register a request for information on uses, opportunities, and risks of artificial intelligence (AI) in the financial services sector. The RFI uses a broad definition AI, which Treasury views as encompassing "a wide range of...