Archive of U.S. Regulatory Action on Financial Services-Related Issues

• ICI Welcomes SEC Proposal to Simplify Launch of ETFs, May 2008
• ICI Comments on SEC Proposal to Simplify Launch of ETFs, May 2008
• ICI President Paul Stevens Lauds Commissioner Atkins' Service to American Investors, May 2008
• FINRA Should Delay Effective Date of Principal Review Requirements on Variable Annuities, January 2008

• ICI Makes Recommendations on SEC Exemptive Application Proposal, December 2007
• ICI Opposes Proposal to Allow Public Advertising of Private Securities Offerings, October 2007
• SEC Approves FINRA Rule Governing Sales Practices of Deferred Variable Annuities, September 2007
• ICI President Delivers Remarks at Conference on Rule 12b-1, September 2007
• ICI Requests Clarification on Proposal Concerning Business Entertainment Practices, June 2007
• ICI President Calls for Reform of Mutual Fund Disclosure, March 2007
• ICI President's Remarks at Mutual Funds and Investment Management Conference (speech), March 2007
• ICI Comments on Proposed SEC Rules Concerning Hedge Funds and Other Private Investment Pools, March 2007
• ICI Unveils Draft XBRL Taxonomy For Public Review, January 2007

• ICI President's Remarks at Securities Law Conference (speech), December 2006
• ICI President Speaks at Equity Markets Conference (speech), September 2006
• Investors Will Benefit From the SEC's Data-Tagging, September 2006
• ICI Issues Statement on Appointment of Erik Sirri as Director of SEC Division of Market Regulation, August 2006
• ICI President Speaks Before the Investment and Financial Services Association, August 2006
• ICI Reiterates Concerns with NASD Deferred Variable Annuity Proposal, July 2006
• ICI Issues Statement on Confirmation of Henry Paulson as Treasury Secretary, June 2006
• ICI Issues Statement on Confirmation of SEC Commissioner Kathleen L. Casey, June 2006
• ICI Details Project to Extend XBRL to Key Investor Information, June 2006
• ICI President Speaks at SEC Interactive Data Roundtable, June 2006
• ICI Issues Statement on Glassman's Decision to Leave the Securities and Exchange Commission, May 2006
• Treasury Adopts Suspicious Activity Reporting Rule for Mutual Funds, May 2006
• ICI Issues Statement on the Appointment of Andrew "Buddy" Donohue as Director of the SEC's Division of Investment Management, April 2006
• ICI President Discusses Competition in Financial Services Marketplace (presentation), March 2006
• ICI and Other Associations Comment on Anti-Money Laundering Proposal, March 2006
• Treasury Issues Guidance on Anti-Money Laundering Rule, March 2006
• ICI Comments on NASD Business Entertainment Practices Guidance, February 2006
• SEC Implements Changes to EDGAR System Filing, February 2006
• ICI Asks for Interpretation of Anti-Money Laundering Rule, February 2006
• ICI Statement on NASD Board Election of Mary L. Schapiro, January 2006

• Final Anti-Money Laundering Recommendations Released, October 2005
• Institute Comments on IRS Proposal Regarding Electronic Retirement Plan Communications, October 2005
• ICI President Speaks at Equity Markets Conference (speech), September 2005
• ICI President Urges Securities Markets to Maintain Focus on Protecting Investor Interests, September 2005
• ICI Comments on NASD's Deferred Variable Annuity Proposal, September 2005
• ICI Comments on NASD Compensation Proposal, August 2005
• ICI President Applauds Nomination of Rep. Christopher Cox to Be Chairman of Securities and Exchange Commission, June 2005
• ICI President Commends Departing SEC Chair Donaldson, June 2005
• ICI Responds to IOSCO Report on Funds' Anti-Money Laundering Responsibilities, May 2005
• Speaker of the House Addresses Congressional, Fund Industry Leaders, May 2005
• Institute Chairman Speaks at Mutual Funds Leadership Dinner (speech), May 2005
• ICI Comments on Point of Sale Disclosure, April 2005
• ICI Comments on SEC Point of Sale Disclosure Proposal, April 2005
• International Securities Commissions Outline Anti-Money Laundering Requirements, March 2005
• ICI Addresses Bush Administration's Tax, Savings, and Retirement Proposals for FY 2006, February 2005
• NASD Takes Steps to Educate Brokers on Breakpoint Discounts, January 2005

• ICI President Stevens Speaks at Exchequer Club (speech), December 2004
• ICI Statement on NASD Task Force Recommendations, November 2004
• ICI Supports SEC Call for Registration of Hedge Fund Advisers, October 2004
• SEC Changes SRO Procedures for Filing Rule Changes, October 2004
• ICI President Addresses Attorneys General Conference, Says System is Working to Protect Investors (speech), September 2004
• ICI Expresses Support for Registration of Hedge Fund Advisers, September 2004
• ICI Comments on Registration of Hedge Fund Advisers, September 2004
• SEC Bans Directed Brokerage Practices, September 2004
• ICI Supports SEC Action on Directed Brokerage, Portfolio Manager Disclosures, August 2004
• SEC Proposal Would Require Hedge Fund Advisers to Register, July 2004
• ICI President Commends Donaldson and SEC on Proposed Registration of Hedge Fund Advisers, July 2004
• New ICI President Delivers Inaugural Remarks at National Press Club (speech), June 2004
• ICI President Addresses the Road Ahead for America's Mutual Funds in National Press Club Speech, June 2004
• ICI Outlines Benefits Provided Through 12b-1 Fees, June 2004
• ICI Supports Proposed Changes to EDGAR System, June 2004
• ICI Supports Proposed Changes to SRO's Procedures for Filing Rule Changes, June 2004
• ICI Supports SEC Action on Codes of Ethics and Breakpoint Discounts, May 2004
• ICI Chairman Delivers Remarks at the ICI's 2004 General Membership Meeting (speech), May 2004
• ICI President Elect Speaks at Institute General Membership Meeting (speech), May 2004
• Industry Leaders Discuss Issues Facing Fund Industry (video), May 2004
• NASD Forms Mutual Fund Task Force to Enhance Cost, Distribution Transparency, May 2004
• ICI Strongly Supports SEC Proposal to Ban Directed Brokerage, May 2004
• ICI Comments on SEC Proposal to Eliminate Directed Brokerage, May 2004
• ICI Supports Call for Realistic Investor Expectations of Bond and Bond Fund Investing, April 2004
• ICI Comments on Proposed Changes to NYSE's XPress System, April 2004
• ICI Supports SEC's Proposal to Enhance Disclosure of Fund Distribution Costs and Potential Conflicts of Interest, April 2004
• ICI Comments on SEC Point of Sale Disclosure Proposal, April 2004
• Progress Made on Implementation of Breakpoint Taskforce Recommendations, April 2004
• ICI Strongly Supports Proposed Increase to the SEC's FY 2005 Budget, March 2004
• ICI President Addresses Challenges Facing Funds in Remarks at Mutual Funds Conference (speech), March 2004
• ICI Supports SEC Proposal on Codes of Ethics for Investment Advisers, March 2004
• ICI Comments on Proposed Investment Adviser Codes of Ethics, March 2004
• ICI Urges Congressional Support for Bush Budget Plan to Bolster SEC Funding, February 2004
• ICI Letter to Sen. Ted Stevens Supports Increased Appropriations for SEC, February 2004
• ICI President Commends SEC For Proposing To Eliminate Directed Brokerage, February 2004
• ICI Comments on Enhanced Breakpoint Disclosure Requirements, February 2004
• ICI Strongly Supports Bush Administration's FY 2005 Plan to Bolster SEC Funding, February 2004

• SEC Adopts New Compliance Rules, December 2003
• ICI Responds to SRO Comments by Attorney General Spitzer, November 2003
• ICI Comments on Enhanced Breakpoint Disclosure Requirements, November 2003
• ICI Commends SEC for Hedge Fund Report, September 2003
• Fund Industry Committed to Ensuring Investors Receive "Breakpoints" Offered by Mutual Funds, July 2003
• SEC Responds to Congressional Request for Information on Fund Industry Legislation, July 2003
• ICI Supports Requiring Advisers to Establish Anti-Money Laundering Programs, July 2003
• ICI Letter to SEC Discusses Hedge Fund Investing, July 2003
• ICI Comments on Customer Identification Program, June 2003
• SEC Responds to Congressional Request For Information on Fund Industry Issues, June 2003
• ICI Committed to Working with Congress and the SEC to Make a Strong System of Mutual Fund Regulation Even Stronger, June 2003
• ICI Chairman, President Discuss Investor Confidence, Other Issues (video), May 2003
• ICI President Asks Mutual Fund Leaders to Take Additional Concrete Steps to Reinforce Investor Confidence, May 2003
• ICI Chairman Urges Mutual Fund Leaders to Remain Open to New Ideas That Benefit Shareholders, May 2003
• ICI President's Report at the 2003 ICI General Membership Meeting (speech), May 2003
• ICI Supports Additional Protections for Hedge Fund Investors, May 2003
• ICI Supports Final Customer Identification Program Requirements, May 2003
• ICI Supports Measures to Improve Compliance with Securities Laws, April 2003
• Treasury, State Departments Offer Rewards for Information Related to Terrorist Financing, April 2003
• Institute President Addresses Investor Confidence in Remarks at Mutual Fund Conference (speech), March 2003
• NASD Requires Members to Assess Procedures for Providing Breakpoint Discounts, March 2003
• ICI Supports Efforts to Combat Money Laundering Activity, March 2003
• Institute Comments on SEC Burden Estimates Concerning Proxy Voting Filing, March 2003
• Joint Report Examines Procedures for Providing Breakpoints to Fund Shareholders, March 2003
• ICI Offers Free Online Guide to Help Investors Understand Mutual Fund Breakpoints, February 2003
• Institute Sends Letter to Congress Addressing Effective SEC Regulation, February 2003
• ICI Participates in NASD Breakpoint Task Force, February 2003
• ICI Issues Statement on New SEC Chairman William Donaldson, February 2003
• ICI Releases Statement on SEC's Mutual Fund Compliance Proposals, February 2003
• ICI Recommends Changes to Proposal Addressing Abusive Tax Avoidance Transactions, January 2003
• ICI Supports Efforts to Ensure Intermediaries Properly Charge Fund Investors, January 2003
• Fund Industry Leaders Join Forces on Proxy Voting Disclosure (op-ed), January 2003
• Institute Corresponds with NASD on Sales Charge Breakpoints, January 2003
• Fund Industry Strongly Supports Efforts to Protect Investors from Overcharges, January 2003

• ICI Supports Anti-Money Laundering Programs for Unregistered Funds, November 2002
• Treasury Extends Deadline for Customer Identification Program Requirements, October 2002
• Institute Supports SEC Investment Adviser Rule Amendments, September 2002
• Associations Support Risk-Based Approach for Anti-Money Laundering Standards, September 2002
• ICI Supports Anti-Money Laundering Rules, Urges Appropriate Transition Period, September 2002
• Institute Supports Minimum Performance Standards for Custodians, September 2002
• Changes Have Come, Quietly (op-ed), July 2002
• Amended Rule Requires Boards to Examine the Effect of Merger on Funds' Interests, July 2002
• Anti-Money Laundering Efforts Continue to Progress, July 2002
• Customer Identification Program Proposed for Mutual Funds, July 2002
• Broker-Dealers to Report Suspicious Transactions, July 2002
• ICI Comments on Issues Raised by Proposed Anti-Money Laundering Rule, May 2002
• ICI President's Report at the 2002 ICI General Membership Meeting (speech), May 2002
• ICI Chairman, President Discuss Issues Facing the Industry, Investors (video), May 2002
• ICI Chairman's Report at the 2002 ICI General Membership Meeting (speech), May 2002
• Institute Recommends Improvements to Industry Regulation, May 2002
• Institute Supports Efforts to Combat Money Laundering and Terrorist Activity, April 2002
• Institute President, SEC Director Address Industry Conference (speech), March 2002
• Institute Comments on NASD's Proposed Anti-Money Laundering Program Standards, March 2002
• Treasury to Study Financial Institutions' Information Sharing Practices, March 2002
• General Accounting Office Study Examines SEC Operations, March 2002
• Anti-Money Laundering Proposal Would Involve Information Sharing, March 2002
• Institute Comments on Proposed Suspicious Activity Reporting Rules, March 2002
• NASD Proposes Standards for Anti-Money Laundering Compliance Programs, February 2002
• Institute Comments on Correspondent Account Rules Proposed Under Patriot Act, February 2002
• Institute Comments on Proposed Amendments to Rules Governing Use of Depositories, February 2002
• Institute Comments on Proposed Amendments to Fund Merger Rules, January 2002
• Institute Comments on Issues Raised by Actively Managed ETFs, January 2002
• Treasury Proposes Rules to Implement PATRIOT Act, January 2002

• SEC Proposes Amendments to Rules Governing Funds' Use of Securities Depositories, November 2001
• Institute Comments on the Effects of Decimal Trading in Subpennies, November 2001
• OFAC Adds Names to List of Specially Designated Global Terrorists, October 2001
• Agency Provides New Information Concerning Terrorist Financial Connections, October 2001
• Federal Regulators to Host Workshop on Privacy Policies, October 2001
• September 11 Attack Draws Labor Department Exemption, October 2001
• SEC Urges Industry to Check Records for Connections to Terrorist Attacks, September 2001
• Treasury, IRS Notices Provide Emergency Relief for Certain Taxpayers, September 2001
• Institute Comments on NYSE Proposal to Amend XPress Quote System, August 2001
• New York Times Alters Mutual Fund Listing Criteria, July 2001
• SEC Extends Comment, Compliance Deadlines for Gramm-Leach-Bliley Act, July 2001
• Legislators, Regulators Act on E-SIGN Issues, July 2001
• ICI Comments on XPress System, June 2001
• SEC Adopts Electronic Recordkeeping Rules, May 2001
• SEC Issues Guidance on Broker-Dealer Recordkeeping Under E-SIGN, May 2001
• ICI Chairman's Report at the 2001 ICI General Membership Meeting (speech), May 2001
• SEC Adopts Electronic Recordkeeping Rules for Transfer Agents, May 2001
• Institute Comments on SEC Electronic Recordkeeping Proposal, April 2001
• Institute Comments on SEC Proposal Concerning SROs, April 2001
• ICI Comments to Regulators Concerning E-SIGN Issues, March 2001
• President's Keynote Address at the 2001 Mutual Funds & Investment Management Conference (speech), March 2001
• SEC Urges Securities Industry to Prepare for Transaction Settlement Reform, February 2001
• Regulators Request Comment on E-SIGN Consumer Consent Requirement, February 2001
• Regulators Issue Anti-Money Laundering Guidance, January 2001
• ICI Comments on Proposed Rules for Related Performance Information, January 2001
• SEC Approves XPress Orders and Quotes, January 2001

• SEC Proposes Rule Concerning Participation in Securities Underwritings, December 2000
• SEC Staff Releases Regulation FD Guidance, October 2000
• OMB Issues Guidance Concerning E-SIGN Legislation, October 2000
• Institute Comments on Web-Based Investment Programs, September 2000
• SEC Adopts Revisions to Form ADV and Mandates Electronic Filings in 2001, September 2000
• SEC Adopts Selective Disclosure and Insider Trading Rules, August 2000
• SEC Releases Rules and Clarifications on Fund Electronic Communications, July 2000
• SEC Adopts Financial Privacy Rules, June 2000
• Institute Comments on SEC Concept Release on International Financial Reporting, May 2000
• ICI President's Report at the 2000 General Membership Meeting (speech), May 2000
• SEC Adopts New Rules on Foreign Custody of Fund Assets, May 2000
• Institute Comments on SEC Selective Disclosure and Insider Trading Proposals, April 2000
• Institute Comments on SEC Privacy Proposal, April 2000
• ICI President's Remarks at the 2000 Mutual Funds and Investment Management Conference (speech), March 2000
• Institute Comments on Barriers to Electronic Commerce, March 2000
• SEC Issues Concept Release on International Financial Reporting, March 2000
• Commerce Department Requests Comment on Electronic Commerce, February 2000
• Federal Bank Regulators Propose Rules to Implement Gramm-Leach-Bliley Act, January 2000

• Online Resources for Year 2000 Issues, December 1999
• SEC Proposes to Exclude Certain Broker-Dealers from the Advisers Act, November 1999
• OCC Issues Interpretive Letter Re National Banks and Investment Advice, October 1999
• Institute President Matthew P. Fink Discusses Costs of Investing (audio), September 1999
• Federal Reserve Bank Establishes Y2K Lending Program, August 1999
• SEC Adopts Temporary Y2K Operational Capability Rules, August 1999
• Institute Comments on SEC Proposal Re Foreign Custody of Fund Assets, July 1999
• Federal Reserve Bank Proposes Special Y2K Lending Program, May 1999
• ICI President's Report at the 1999 General Membership Meeting (speech), May 1999
• ICI Chairman's Report at the 1999 General Membership Meeting (speech), May 1999
• SEC Calls Securities Industry On Track for Year 2000, April 1999
• SEC Proposes New Rules on Foreign Custody Of Fund Assets, April 1999
• Bank Regulators Withdraw Know Your Customer Rule Proposal, April 1999
• SEC Proposes Year 2000 Operational Capability Rules, March 1999
• Institute Chairman John J. Brennan Speaks on Y2K (audio), February 1999
• Institute President Matthew P. Fink Discusses Costs of Investing (audio), February 1999
• SEC Chairman Levitt Advises Investors Re Online Trading, February 1999
• FTC Issues Online Investment Alert, January 1999
• Bank Regulators Propose "Know Your Customer" Rules, January 1999
• FTC Issues Online Investment Alert, January 1999
• SEC Issues Alert for Online Investors, January 1999

• NASD Issues Proposal Regarding Marketing Activities of Unregistered Persons, December 1998
• SEC's Roye Addresses ICI's Securities Law Procedures Conference, December 1998
• Department of Labor Releases Memorandum on Y2K Issues, December 1998
• The Role of the Mutual Fund Industry in the U.S. Economy (speech), December 1998
• SEC Proposes Amendments Regarding the Regulation of Securities Offerings and Takeovers, November 1998
• Institute Economist Discusses Fund Fees (audio), November 1998
• SEC Amends Rule Requiring Year 2000 Readiness Reports for Broker-Dealers, November 1998
• Institute Files Comment Letter on Broker-Dealer Recordkeeping Proposal, November 1998
• SEC Issues Guidance on Completing Y2K Forms Electronically, November 1998
• SEC Amends Rule Requiring Year 2000 Readiness Reports for Transfer Agents, November 1998
• Treasury Issues Final Rule on Conversion of Federal Payments to Electronic Funds Transfer, October 1998
• SEC Reproposes Broker-Dealer Books and Records Rules, October 1998
• ICI Files Comment Letter on SEC Proposed Amendments Regarding Interim Adviser Contracts, October 1998
• SEC Adopts Year 2000 Rule for Investment Advisers, October 1998
• SEC Announces Year 2000 Regulatory Moratorium, September 1998
• Department of Labor Posts Q&A Regarding Y2K Issues for Employee Benefit Plan Administrators, August 1998
• SEC Releases Interpretive Guidance on Year 2000 Disclosures, August 1998
• Institute Files Comment Letters on SEC's Year 2000 Rule Proposals, August 1998
• SEC Proposes Amendments to Rule 15a-4 Re Investment Adviser Contracts, July 1998
• Treasury Regulations Treat Conversion to Euro as Nontaxable Event, July 1998
• SEC Adopts Amendments to Investment Adviser Act Rules, July 1998
• SEC Adopts Amendments to the Performance Fee Rule Under the Advisers Act, July 1998
• SEC Adopts Transfer Agent and Broker-Dealer Year 2000 Readiness Rules, July 1998
• DoJ Approves Year 2000 Information Exchange Program, July 1998
• SEC Issues Investment Adviser Year 2000 Report Proposal, July 1998
• Agencies Sponsor Conference on Year 2000 Testing for U.S. Treasury Securities Market, May 1998
• ICI President's Report at the 1998 General Membership Meeting (speech), May 1998
• ICI Chairman's Report at the 1998 General Membership Meeting (speech), May 1998
• NASD Issues Reminder on Year 2000 Readiness, April 1998
• Institute Files Comment Letter on SEC Year 2000 Temporary Rule Proposals for Transfer Agents and Broker-Dealers, April 1998
• Federal Reserve Board Clarifies Disclosure Requirements, April 1998
• SEC Issues Release Regarding Use of Internet Sites to Offer Securities and Investment Services Offshore, March 1998
• SEC's Barry Barbash Speaks on Mutual Fund Challenges, March 1998
• ICI President's Keynote Address at the 1998 Mutual Funds and Investment Management Conference (speech), March 1998
• NSCC Announces Year 2000 Awareness Seminars, March 1998
• SEC Proposes Y2K Temporary Rule for Transfer Agents and Broker-Dealers, March 1998
• SEC Lists Questions for Investors Re Year 2000, February 1998
• NASD Issues Additional Guidance on Year 2000 Issues, February 1998
• Comptroller of the Currency Recommends Reevaluation of Interagency Bank Broker-Dealer Statement, February 1998
• Institute Comment Letter on SEC's Proposed Amendments to Investment Advisers Act, January 1998
• SEC Issues Guidance on Year 2000 Disclosure Obligations, January 1998

• Institute Comments on SEC Concept Release Regarding Equity Index Insurance Products, December 1997
• NASD Provides Guidance on Compliance with Bank Broker-Dealer Rule, December 1997
• NASD Discusses Year 2000 Compliance Survey, December 1997
• SEC Proposes to Define "Nationally Recognized Statistical Rating Organization," December 1997
• NASD Issues Year 2000 Compliance Survey, December 1997
• SEC Proposes Amendments to Investment Advisers Act Rules, November 1997
• SEC Approves NASD Proposed Rule Governing Bank Broker/Dealer Activities, November 1997
• SEC Sends Letter to Investment Advisers on Year 2000 Preparedness, November 1997
• SEC Testifies on Year 2000 Disclosure Obligations, October 1997
• SEC Adopts Rules Concerning Lost Shareholders, October 1997
• ICI Files Comment Letter on Revised NASD Noncash Compensation Proposal, September 1997
• SEC Concept Release Regarding Equity Index Insurance Products, August 1997
• Federal Reserve Amends Restrictions on Nonbank Subsidiaries, August 1997
• NASDR Requests Comment on Cash Compensation, August 1997
• GAO Report On SEC Regulation of the Mutual Fund Industry, June 1997
• Summary Of Revisions to Regulation Y Affecting Investment Companies and Investment Advisers, June 1997
• SEC Adopts Rules Implementing Amendments to the Advisers Act, May 1997
• SEC Amends Rule 17f-5 Under the 1940 Act, May 1997
• ICI President's Report at the 1997 General Membership Meeting (speech), May 1997
• Institute Comment Letter on Proposed NASD Rules Governing Broker/Dealer Conduct on the Premises of Financial Institutions, May 1997
• SEC Request for Comment on Amendments to NASD Rules Concerning Bank Broker/Dealer Activities, April 1997
• SEC Request for Comment on Amendments to NASD Rules Concerning Bank Broker/Dealer Activities, April 1997
• SEC Establishes Website for Investment Advisers, April 1997
• SEC Adopts Rules Regarding Private Investment Companies, April 1997
• SEC Adopts Rule 3a-4 Under the Investment Company Act, April 1997
• ICI President's Keynote Address at the Mutual Funds and Investment Management Conference (speech), March 1997
• Institute Comments on Qualification Requirements for Bank Retail Securities Transactions, March 1997
• FDIC Adopts Revised Recordkeeping and Confirmation Requirements for Securities Transactions, March 1997
• Institute Files Comments on Proposed Private Investment Company Rules, February 1997
• Institute Comment Letter on FDIC Recordkeeping and Confirmation Requirements for Securities Transactions, January 1997
• Federal Reserve Proposes Repeal of Certain "Firewalls," January 1997
• Barry Barbash Remarks at ICI Securities Law Procedures Conference, January 1997
• FDIC Proposes Recordkeeping and Confirmation Requirements for Securities Transactions, January 1997

• SEC Director Speaks on the Responsibilities of Prosperity, December 1996
• Institute Comment Letter on Proposed Rules Concerning Lost Securityholders, December 1996
• Institute Comments to SEC on Use of Electronic Media by Broker-Dealers, Transfer Agents, and Investment Advisers, July 1996
• SEC Acts on Electronic Media Information Delivery, May 1996