International Content

Under the EU Capital Requirements Regulation (CRR), a banking organization must report to supervisory authorities its ten largest exposures to "shadow banking entities which carry out banking activities outside the regulated framework." The European Banking Authority (EBA) issued a...

ICI submitted the attached letter to the EU Commission regarding the Inception Impact Assessment on an upcoming proposal for a "new EU-wide common system for the avoidance of double taxation and prevention of tax abuse in the field of withholding taxes."

On October 18, the US Department of the Treasury released the results of a broad review of the economic and financial sanctions that it administers and enforces, and issued recommendations to preserve and enhance their effectiveness in supporting national security and US interests.

On October 18, 2021, ICI Global submitted the attached letter to the Securities and Exchange Board of India (SEBI) regarding SEBI's circular introducing T+1 rolling settlement on an optional basis for Indian equities with an effective date of January 1, 2022.

The OECD/G20 Inclusive Framework on BEPS (Inclusive Framework or "IF") has announced agreement on a "two-pillar" solution for addressing the tax challenges arising from the digitalization of the economy. These pillars are crafted to exempt small and medium-size enterprises. Many...

This memorandum catalogues significant ESG related developments that have occurred since the beginning of August. It references ICI memoranda that provide a more fulsome description of each matter. You can find all of these memoranda on our website in our ESG Resource Center.

The French Tax Administration today sent the Institute the attached letter that responds to our September 2020 request (attached) for guidance by which funds can request exemption from French withholding tax.

On 27 September 2021, the European Securities and Markets Authority (ESMA) published its 2022 Annual Work Programme. Similar to the 2021 Annual Work Programme, ESMA notes at the outset that this programme is established at a time of significant change for ESMA.

On 6 July 2021, the European Commission published a package of revised sustainable finance strategy measures. This package included a proposed Regulation laying the foundation for a common framework of rules regarding the use of the designation 'European green bond' or 'EuGB' for...

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