IDC Update Content

IDC Files Comment Letter on SEC’s Swing Pricing, Hard Close and Liquidity Proposal IDC submitted a comment letter to the Securities and Exchange Commission (SEC) strongly opposing its proposed hard close because it would disadvantage shareholders in intermediated accounts, including...

IDC Releases 2022 Annual Review IDC recently released its 2022 Annual Review describing IDC’s broad range of activities over the past year. As described in the Annual Review, IDC remained focused on its mission to support the independent director community, notwithstanding the...

IDC Encourages Board Engagement on Swing Pricing, Hard Close Proposal IDC encourages fund boards to consider weighing in on the Securities and Exchange Commission’s (SEC) swing pricing/hard close proposal. If you missed IDC’s webinar discussing the proposal, you may access it HERE...

IDC Files Comment Letter on Investment Adviser Outsourcing Rule Proposal IDC recently filed a comment letter on the Securities and Exchange Commission’s (SEC) rule proposal on “Outsourcing by Investment Advisers.” In the comment letter, IDC questions the need for the proposal, noting...

IDC wishes you happy holidays and a joyous, healthy New Year. This is our last issue of IDC Update in 2022. IDC Update will resume in January. We look forward to seeing you in 2023!

Register Now for IDC Webinar on SEC Rule Proposals on Swing Pricing and Hard Close – Wednesday, December 14 Registration is now open for IDC’s webinar on the Security and Exchange Commission’s (SEC) recent rule proposals on swing pricing and hard close on December 14 at 2:30 p.m. ET...

SEC Proposes Swing Pricing for All Mutual Funds and Liquidity Rule Amendments The Securities and Exchange Commission (SEC) recently approved, by a 3-2 vote, a proposal that would, among other things: Require all open-end funds (other than money market funds and ETFs) to adopt swing...

IDC Hosts Successful In-Person Fund Directors Conference IDC’s successful 2022 Fund Directors Conference was held earlier this week in Chicago, October 24-26. For the first time in three years, independent directors and other members of the fund industry gathered in person to hear...

IDC Governing Council Names Cynthia Plouché as Chair The Governing Council of the Independent Directors Council (IDC) has elected Cynthia Plouché as its chair. Plouché, who has served as IDC Vice Chair for the past year, is an Independent Director of the Northern Trust mutual funds...

IDC continues its Speaker Series with Roger W. Ferguson Jr. on Monday, October 3 at 11:00 a.m. (ET). Mr. Ferguson is the immediate past President and Chief Executive Officer of TIAA and former Vice Chairman of the Board of Governors of the US Federal Reserve.