CIT Advisory Committee Content

Filter Results By
Showing Results 1 - 9 of 9
Committee

CIT Advisory Committee

The CIT Advisory Committee focuses on the legal, regulatory, legislative, and compliance issues affecting registered investment advisers that serve as advisers/sub-advisers to collective investment trusts that are investment options in defined contribution plans (CITs). It provides a forum for members to discuss how the unique characteristics and interests of CITs would be affected by relevant legal, regulatory, and legislative proposals and discuss particular policy objectives. It provides a forum for members to discuss compliance-related obligations and issues unique to CITs.
ICI Default BG
White Paper

Intermediary Transparency

BTRAC fund members identified in early 2020 that improved transparency from the bank, trust, custody, and retirement channel is needed to better manage responsibilities for fund investors. Industry operation trends—including 1) centralizing operations through omnibus environments...
ICI Default BG
Memo#
35977

US-Switzerland Competent Authority Agreement: US CIT Tax Treaty Entitlement

On December 5, 2024, the Competent Authorities of the United States and Switzerland entered into an agreement confirming that certain US pensions and other retirement arrangements, including individual retirement savings plans, may be eligible for benefits under paragraph 3 of Article...
ICI Default BG
Memo#
35758

Fifth Circuit Vacates SEC's Private Fund Adviser Rule

On June 5th, 2024, a three-judge panel of the United States Fifth Circuit Court of Appeals issued a unanimous decision to vacate the SEC's Private Fund Adviser Rule in its entirety on the grounds that the Commission lacked statutory authority to adopt the rule.
ICI Default BG
Memo#
35326

SEC Chair Gensler's Remarks Before ICI's Leadership Summit

At ICI's 2023 Leadership Summit, SEC Chair Gensler delivered remarks which focused on fund dilution and liquidity and how it relates to financial stability, outstanding SEC rule proposals related to money market funds and liquidity risk management, hard close, and swing pricing, and...