Directors and Fund Governance Content

On 10 February, the Financial Conduct Authority (FCA) published a discussion paper on regulated firms' sustainability-related governance, incentives, and competence. The FCA's stated goals are to highlight good practices in this area and explore whether further regulation is needed.

Attached please find ICI's comment letter on the SEC's liquidity, swing pricing, hard close, and Form N-PORT proposal, which we filed last night. The proposal would radically change the liquidity risk management requirements for open-end funds (i.e., mutual funds and ETFs), impose on...

For the eleventh year in a row, the SEC's Division of Examinations (EXAMS) has published its priorities for the coming year. Highlights of the Priorities are briefly described below.

Today, the SEC staff issued an FAQ relating to investment adviser considerations of diversity, equity and inclusion (DEI) factors in the selection or recommendation of other investment advisers. The FAQ states that, under its fiduciary duty, an investment adviser may consider a...