Investment Advisers Content

On November 7, the Securities and Exchange Commission adopted conforming amendments that are intended to correct certain errors in the following rules and forms: Rule 482 under the Securities Act of 1933, Forms N-1A, N-2, N-CSR and N-MFP, and Rule 204-2 under the Investment Advisers...

ICI and ICI Southwest have submitted a comment letter to the Federal Deposit Insurance Corporation on its proposal to amend the agency's existing regulations under the Change in Bank Control Act. This memorandum briefly explains the Proposal and summarizes the letter.

For the thirteenth year in a row, the Securities and Exchange Commission's Division of Examinations has published its examination priorities for the coming year. While the Division has historically published these exam priorities near the beginning of the calendar year, this is the...

On October 21, 2024, ICI submitted a comment letter to nine federal agencies, including the Securities and Exchange Commission, on their proposal to jointly establish data standards for collections of information reported to the Agencies under the Financial Data Transparency Act of...

The Financial Industry Regulatory Authority and the Municipal Securities Rulemaking Board's proposals, as amended, related to reducing the trade reporting outer-limit timeframe for certain transactions reported to FINRA's Trade Reporting and Compliance Engine and MSRB's Real-Time...

The Financial Crimes Enforcement Network, a bureau of the U.S. Department of the Treasury issued a final rule requiring certain investment advisers to establish anti‑money laundering/countering the financing of terrorism (AML/CFT) programs pursuant to the Bank Secrecy Act and to...

ICI submitted a comment letter (linked below) on the National Association of Insurance Commissioners' Financial Analysis Handbook Exposure Draft of the Financial Analysis Solvency Tools Working Group.

On August 14, 2024, the US District Court for the Western District of Missouri ordered that a set of challenged Missouri Securities Division rules, which required specified financial professionals to obtain a client's written consent on state-scripted documents before providing advice...

On July 30, the Federal Deposit Insurance Corporation (FDIC) Board of Directors approved a notice of proposed rulemaking (NPR) that would amend the agency's existing regulations under the Change in Bank Control Act (CBCA). The NPR reflects concerns expressed by various FDIC Board...