Liquidity Content

ICI Supports SEC’s Fund Liquidity Disclosure Proposal Institute Agrees That Narrative in Shareholder Reports Will Promote Public Understanding of Funds’ Liquidity Risks Washington, DC, May 18, 2018—The Investment Company Institute (ICI) today strongly endorsed a proposal by the...

November 3, 2017 Mr. Brent J. Fields Secretary Securities and Exchange Commission 100 F Street, NE Washington, DC 20549 Re: Supplemental Comments on Investment Company Liquidity Risk Management Programs; Request for Delay (File No. S7-16-15) Dear Mr. Fields: The Investment Company...

July 20, 2017 The Honorable Jay Clayton Chairman Securities and Exchange Commission 100 F Street, NE Washington, D.C. 20549 Re: ICI’s Recommendations Related to the Liquidity Risk Management and Fund Reporting Requirements Dear Chairman Clayton: I am sending this letter to follow up...

Focus on Funds Industry Prepares for New Liquidity Management Regime The US Securities and Exchange Commission has unveiled new rules covering how funds should manage liquidity. In the January 27, 2016, edition of Focus on Funds, ICI Assistant General Counsel Matt Thornton describes...

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May 17, 2016 Mr. Brent J. Fields Secretary Securities and Exchange Commission 100 F Street, NE Washington, D.C. 20549 Re: Supplemental Comments on Open-End Fund Liquidity Risk Management Programs (File No. S7-16-15) Dear Mr. Fields: The Investment Company Institute (“ICI”)1 is pleased...

Focus on Funds SEC Liquidity Proposal: Good Goals, Unintended Consequences The January 15, 2016, edition of Focus on Funds summarizes the Institute’s response to the Securities and Exchange Commission’s liquidity risk management proposal. Transcript Stephanie Ortbals-Tibbs, ICI...

Quick Take: ICI Response to SEC’s Liquidity Management Proposal The SEC’s Proposed Minimum Liquidity Levels Could Harm Investors Among other things, the SEC’s proposed liquidity minimum could impede funds’ ability to take advantage of favorable market opportunities and to accurately...