Securities and Exchange Commission Content

On December 23, ICI filed a comment letter with the Securities and Exchange Commission on its proposed rules ("Proposal") that would mandate the clearing and settlement of certain secondary market transactions in US Treasury securities in which one of the counterparties is a direct...

The SEC’s proposal to mandate Treasury clearing could restrict funds’ ability to participate in the Treasury and Treasury repo markets, harming funds and their investors

ICI Deputy General Counsel for Markets Sarah Bessin released the following statement today after the Securities and Exchange Commission (SEC) adopted rule amendments on proxy voting disclosure

Investment Company Institute (ICI) President and CEO Eric Pan released the following statement today after the Securities and Exchange Commission (SEC) proposed rule amendments around swing pricing:

The Securities and Exchange Commission’s job is to make markets work. But today’s SEC leadership—which as of August had proposed 26 new rules this year alone—is ignoring the real-world effects of its regulations on market participants. Its approach can be described as “regulation by...

On October 25, ICI submitted the attached follow-up letter to SEC Chair Gary Gensler on the applicability of Rule 15c2-11 to fixed-income securities, particularly to Rule 144A debt securities. ICI previously joined several industry associations last fall in submitting an initial...

ICI filed this comment letter with the CFTC on its DCO governance rule proposal and the SEC on its registered clearing agency governance and conflicts of interest rule proposal. ICI's letter expresses support for the proposals, which would codify standards for DCOs and registered...

ICI President and CEO Eric Pan released the following statement on the Securities and Exchange Commission’s (SEC) proposed standards for covered clearing agencies with respect to their clearance of trades involving US Treasury securities.

In July 2022, the SEC proposed amendments to Rule 14a-8 (the shareholder proposal rule) by a 3-2 vote. The proposal would narrow three bases upon which companies may exclude shareholder proposals from their proxy statements: the “substantial implementation,” “duplication,” and...

On August 8, ICI filed this letter with the Securities and Exchange Commission to supplement our comments on the proposed reforms to money market funds. We added to our comments regarding the swing pricing requirements in the proposal. Our primary concern focused on ensuring that the...