SEC Rules Content

ICI filed the attached letter in support of the Cboe BZX Exchange, Inc. taking steps to permit the generic listing and trading of multi-class ETF Shares.

Governor Newsom signed into law the "California Climate Accountability Package" on October 7, 2023. Under the Climate Corporate Data Accountability Act, reporting entities doing business in California will have to annually disclose their Scopes 1 and 2 greenhouse gas emissions...

On May 16, 2024, the SEC unanimously adopted amendments to Rule 248.30 in Regulation S-P (the "amendments"). Since its adoption in 2000, Regulation S-P has required the safeguarding of customer records and information and the disposal of consumer report information.

As part of the SEC's Conference on Emerging Trends in Asset Management, Chair Gensler delivered a keynote address titled, "Jack Bogle, Haystacks, and Putting the Interest of the Clients First." His remarks covered a number of subject areas, including the growth of investment products...

On May 7, 2024, the Securities and Exchange Commission published a notice to solicit comments on a proposed rule change filed, pursuant to Securities Exchange Act Rule 19b-4, by the Financial Industry Regulatory Authority to adopt a new rule series to require reporting of securities...

Governor Newsom signed into law the "California Climate Accountability Package" on October 7, 2023. Under the Climate Corporate Data Accountability Act, reporting entities doing business in California will have to annually disclose their Scopes 1 and 2 greenhouse gas emissions...

On April 23, 2024, the Department of Labor (DOL) released a final version of its regulatory package on fiduciary investment advice ("Final Package"). The Final Package includes an amendment to the regulation defining who is a "fiduciary" under section 3(21) of ERISA and section 4975(e...

Last week, the Board of Directors (Board) of the Federal Deposit Insurance Corporation (FDIC) met to discuss proposed resolutions related to the Change in Bank Control Act (CIBC Act). This discussion was prompted in part by an FDIC Director's public statements expressing concern about...

The Investment Company Institute and ICI Southwest sent the attached letter to the SEC last week, supplementing our prior comments on the ESG Fund and Adviser Proposal, in light of the recent adoption and subsequent stay of the Public Company Climate Rule.