ICI Innovate brings together multidisciplinary experts to explore how emerging technologies will impact fund operations and their implications for the broader industry.
ICI Innovate is participating in the Emerging Leaders initiative, offering a heavily discounted opportunity for the next generation of asset management professionals to participate in ICI’s programming.
On 8 July, the European Securities Market Authority issued two consultations regarding liquidity management tools with proposed regulatory technical standards and guidelines for Undertakings for the Collective Investment in Transferable Securities and Alternative Investment Funds...
On March 21, the SEC issued two sets of proposed rule changes from the Fixed Income Clearing Corporation (FICC) to its Government Securities Division (GSD) rulebook that would modify aspects of its clearing access models, including membership qualification requirements; and amend...
The attached memorandum summarizes the tax implications for a stable-NAV money market fund that uses RDM in a negative yield environment. RDM allows a fund to prevent NAV declines attributable to negative yields by instead reducing daily the number of shares outstanding, thereby...
On 8 March, ICI Global filed a response to the UK Financial Conduct Authority's (FCA) consultation on updating the regime for money market funds (MMFs) (the Consultation).[1] The Consultation proposed revisions to the retained Money Market Fund Regulation (MMFR), with an intent to...
March 8, 2024—In this letter, ICI Global provided feedback to the Financial Conduct Authority (FCA) on its consultation paper on updating the regime for money market funds (MMFs). ICI’s members include mutual funds, UCITS, and exchange-traded funds, and similar funds offered in...
This attached draft memorandum for your review summarizes an approach for addressing tax issues that would arise if a stable-NAV money market fund used the reverse distribution mechanism (RDM) in a negative yield environment. RDM allows a fund to prevent NAV declines attributable to...
On January 17, 2024, Investment Company Institute (ICI) submitted comments to the Commodity Futures Trading Commission (CFTC) regarding its proposed amendments to Regulation 1.25 under the Commodity Exchange Act (CEA), which specifies permitted investments ("Permitted Investments") by...
On January 17, 2024, Investment Company Institute (ICI) submitted comments to the Commodity Futures Trading Commission (CFTC) regarding its proposed amendments to Regulation 1.25 under the Commodity Exchange Act (CEA), which specifies permitted investments ("Permitted Investments") by...
On November 3, the Commodity Futures Trading Commission (CFTC or "Commission") issued proposed amendments ("Proposal") to its rules governing the safeguarding and investment of funds deposited by customers to margin futures, foreign futures, and cleared swap transactions ("Customer...
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ICI Response to the European Commission on the Savings and Investments Union