Small Funds Content

Yesterday, ICI provided additional information in response to the SEC staff's request for feedback on funds' cross trading practices under Rule 17a-7 of the Investment Company Act (the "cross trading rule"). The attached report further informs the SEC's rulemaking efforts by providing...

This memorandum catalogues significant ESG related developments that have occurred since the beginning of August. 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.

The French Tax Administration today sent the Institute the attached letter that responds to our September 2020 request (attached) for guidance by which funds can request exemption from French withholding tax.

On September 29, the Securities and Exchange Commission proposed amendments to enhance reporting of proxy voting information by registered investment companies ("funds") and institutional investment managers ("managers").

The Division of Corporation Finance published a Sample Letter to Companies Regarding Climate Change Disclosures ("Sample Letter"). The announcement noted that Corp Fin staff may issue these comments as well as others during the disclosure review process and that comments would be...

The IRS and Treasury Department have released their 2021-2022 Priority Guidance Plan listing their priorities for tax regulations and other administrative guidance through June 2022.

The Investment Company Institute and Nareit submitted the attached letter to the Internal Revenue Service (IRS) requesting a delay to the mandatory use of the new boxes (2e and 2f) on IRS Form 1099-DIV to report section 897 gain attributable to US real property interests (USRPIs).

The Financial Accounting Standards Board (FASB) recently released an exposure draft of a proposed accounting standards update that would amend ASC Topic 820, Fair Value Measurement. The proposed amendments address the fair value of equity securities that are registered for trading...

Join Adam Glidden from Impax Asset Management, David Halligan from MARS and John Randall, ICI November 9 at 2:00 pm ET for a discussion about Impax's journey implementing the MARS CRM with sales and asset reporting.

The Treasury Department and the Internal Revenue Service ("IRS") have released the 2021-2022 Priority Guidance Plan, listing their priorities for tax regulations and other administrative guidance through June 30, 2022. The plan includes a few projects that were requested by the...