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ICI Default BG
Memo#
36032

SEC Extends Compliance Dates for Treasury Clearing Rule

On February 25, 2025, the Securities and Exchange Commission extended certain compliance dates under the Treasury Clearing Rule. Specifically, the compliance date for the requirement to clear eligible cash market transactions was extended from December 31, 2025, to December 31, 2026...
ICI Default BG

ICI Cyber Industry Tabletop Exercise 2024: After-Action Report

The asset management industry faces an escalating battle against cybercriminals employing increasingly sophisticated tactics. From state-sponsored attacks to ransomware-as-a-service (RaaS) platforms enabling low-skilled criminal infiltrations, the threat landscape is more complex than...
ICI Default BG
Memo#
35997

SEC Publishes Staff Accounting Bulletin No. 122; Rescinds SAB 121

On January 23, 2025, the SEC published Staff Accounting Bulletin No. 122 (SAB 122)[1] which rescinds the interpretive guidance included in Section FF of Topic 5 (Topic 5.FF) in the Staff Accounting Bulletin Series entitled Accounting for Obligations to Safeguard Crypto-Assets an...
ICI Default BG
Memo#
35938

ICI Sends Letter to SEC Chair Gensler, Requesting Pause on Regulatory Work

Last week, ICI sent a letter (linked below) to SEC Chair Gensler, requesting that the SEC (i) suspend the compliance dates for certain recent regulatory actions, (ii) halt work on not-yet-finalized rulemaking, and (iii) extend soon-to-expire relief that would have a significant impact...