ICI Makes Recommendations to Committee on Capital Markets Regulation

Washington, DC, November 22, 2006 - In a recent letter to the Committee on Capital Markets Regulation, the Institute outlines a number of issues impacting funds both as issuers of securities and as investors in the global marketplace.

Background
The Committee on Capital Markets Regulation, formed in September 2006, is an independent group of U.S. business, financial, investor and corporate governance, legal, accounting, and academic leaders. By the end of November, it plans to issue a report to policymakers that will address, among other things, the effect of regulation on the efficiency of U.S. capital markets, whether the costs and benefits of regulation are properly taken into account when new regulations are issued, and whether regulation may unintentionally be making our markets less competitive in the global economy.

ICI Position
In its letter, the Institute presents viewpoints on issues impacting funds and their shareholders, including Sarbanes-Oxley Act reform measures, point-of-sale disclosure, soft dollars, proxy voting, and tax policy. ICI urges the Committee to ensure that U.S. securities markets encourage innovation and growth and promote competition, while protecting investors and avoiding regulation that favors less-regulated markets or products.

Related Links
Sections of this website address securities market issues as well as global issues impacting mutual funds.