Securities and Exchange Commission Content

The Investment Company Institute fully agrees with the Commission’s goals to protect the integrity of investor assets from risk of loss, misuse, theft, or misappropriation. ICI believes, however, that the Proposal places onerous new responsibilities on custodians and advisers and...

ICI President and CEO Eric Pan released the following statement regarding the Securities and Exchange Commission’s (SEC) proposed enhanced safeguarding rule for registered investment advisers. “The SEC has articulated a worthy goal in its proposal to improve the integrity of investor...

The Investment Company Institute (ICI) is writing to respond to the Securities and Exchange Commission’s (SEC or “Commission”) rule proposal (“Proposal”) to amend Regulation National Market System (“Regulation NMS”) to establish variable minimum pricing increments (“tick sizes”) for...

ICI President and CEO Eric Pan released the following statement after ICI submitted comments on the SEC’s proposed rules on market structure: “Millions of American investors, and their funds and advisers, rely on the U.S. capital markets to provide effective investment options. As the...

ICI concluded its annual Investment Management Conference this week, after convening senior regulatory officials and industry leaders for a robust discussion of the issues facing asset managers today.

The undersigned Associations, which together represent a significant portion of the financial services industry, including banks of all sizes, global custodians, broker-dealers, investment funds, fund managers, alternative investments and registered investment advisers, respectfully...

The Independent Directors Council submitted this comment letter to the SEC on their proposal to require swing pricing and a hard close for mutual funds, change Form N-PORT filers' reporting obligation, and amend the liquidity rule for open-end funds (Proposal or Release). In...

ICI submitted a comment letter to the SEC's on their proposal for liquidity, swing pricing, hard close, and Form N-PORT. The proposal would radically change the liquidity risk management requirements for open-end funds (i.e., mutual funds and ETFs), impose on mutual funds a "hard...

The Independent Directors Council (IDC) commented on the Securities and Exchange Commission’s (Commission) proposed rule on outsourcing by investment advisers, Rule 206(4)-11 under the Investment Advisers Act of 1940 (Advisers Act). The proposed rule would establish due diligence and...