Regulatory Letter Content

Washington, DC, July 23, 2014— Independent Directors Council (IDC) Managing Director Amy Lancellotta made the following statement today about the U.S. Securities and Exchange Commission’s final rules for money market funds: “We are pleased that the SEC has taken final action on the...

Letter Outlines Approach to Limiting Directors’ Responsibilities Under SEC Rules to Fund Oversight Washington, DC, June 23, 2016 - The proper governance role of fund independent directors is oversight, not management, the Independent Directors Council (IDC) said in a recent letter to...

Washington, DC, March 28, 2016—The Independent Directors Council (IDC) recommends changes to a proposal by the Securities and Exchange Commission (SEC) governing the use of derivatives by regulated funds to ensure that the board’s role is one of oversight, not management, IDC said in...