International Content

On 22 June 2021, the UK Financial Conduct Authority (FCA) published a proposal to introduce climate-related financial disclosures by asset managers, life insurers, and FCA-regulated pension providers, aligned with the recommendations of the Financial Stability Board's Task Force on...

On July 26, the UK Financial Conduct Authority (FCA) issued PS21/9 on the implementation of the investment firms prudential regime (IFPR). The IFPR - a new prudential regime for investment firms authorized under the Markets in Financial Instruments Directive (MiFID) - creates a single...

On 30 June 2021, the Board of the International Organization of Securities Commissions (IOSCO) released for public consultation the "Recommendations on Sustainability-Related Practices, Policies, Procedures and Disclosure in Asset Management" ("Consultation Report"). The consultation...

On Wednesday, July 14th, 2021, ICI Global along with several trade associations, representing the buy-side, sell-side, and market infrastructures, jointly submitted the attached letter to the European Commission ("the Commission"), and the European Securities and Markets Authority (...

ICI submitted a response to the CFA Institute's Exposure Draft of ESG Disclosure Standards for Investment Products. The attached document provides ICI's responses to questions raised in the Exposure Draft.

On June 22, 2021, the Luxembourg Commission de Surveillance du Secteur Financier (CSSF) published its feedback report on the European Securities and Market Authorities (ESMA) recent Common Supervisory Action (CSA) on UCITS Liquidity Risk Management (LRM), which released its results in...

Last week, the Financial Stability Board (FSB) issued its Consultation Report (Report) seeking comments on policy proposals to enhance money market fund resilience, including with respect to the appropriate structure of the sector and of underlying short-term funding markets. The...

In late March, the European Banking Authority (EBA) published a consultation paper on draft regulatory technical standards (RTS) on disclosure of investment policy by investment firms under Article 52 Regulation (EU) 2019/2033 on the prudential requirements of investment firms (IFR)...

The European Securities and Markets Authority (ESMA) has issued a consultation report on potential reforms of the EU Money Market Funds Regulation (MMF Regulation). The consultation discusses potential reforms of the MMF Regulation in light of the experiences of money market funds...

On June 3, 2021, President Biden signed a new Executive Order Addressing the Threat from Securities Investments that Finance Certain Companies of the People's Republic of China (EO) and the Office of Foreign Assets Control (OFAC) published a number of new FAQs and updated others...