International Content

On December 5, 2024, the Competent Authorities of the United States and Switzerland entered into an agreement confirming that certain US pensions and other retirement arrangements, including individual retirement savings plans, may be eligible for benefits under paragraph 3 of Article...

On 18 December 2024, the Financial Stability Board published a consultation on leverage in non-bank financial intermediation. Responses to the Consultation's questions are requested by electronic form by 28 February 2025 and ICI plans to submit a response.

On November 6, 2024, the Competent Authorities of the United States and Norway entered into an agreement confirming that Article 20 of the US-Norway tax treaty is not applicable to US regulated investment companies.

On 11 November 2024, the International Organization of Securities Commissions published two related consultations on liquidity risk management in open-end funds. Comments on both Consultations are due on 11 February 2025 and must be submitted by electronic form.

On 17 October, the Financial Stability Board (FSB) published a consultation report on a Format for Incident Reporting Exchange (FIRE). Responses to the Consultation are requested by 19 December 2024 and ICI plans to submit a response.

On October 28, 2024, the US Department of the Treasury issued a final rule to implement Executive Order 14105 of August 9, 2023, "Addressing United States Investments in Certain National Security Technologies and Products in Countries of Concern."

This memorandum catalogues significant ESG related developments that have occurred since February 2, 2024.

On 27 September, the United Kingdom Accelerated Settlement Taskforce Technical Group published a consultation report, with draft operational recommendations to facilitate the UK's move to shorten its settlement cycle from two days after the trade date (T+2) to one day (T+1).

On 13 September, ICI submitted a response to the European Commission's Targeted consultation on artificial intelligence in the financial sector.