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2021 Securities Law Developments Virtual Conference Program

Sponsored by the ICI Education Foundation

November 1 and 3

Preliminary Program

All program times are shown in eastern time (ET).

Monday, November 1 | Wednesday, November 3

November 1  
 

10:00–10:50 a.m.

Sponsored Thought Leadership Sessions


11:00–11:10 a.m.

Welcoming Remarks


11:10–11:55 a.m.

Fireside Chat

SARAH G. TEN SIETHOFF
Acting Director
Division of Investment Management
US Securities and Exchange Commission

SUSAN OLSON
General Counsel
Investment Company Institute


11:55 a.m.–12:05 p.m. 

Break


12:05–12:50 p.m.

The Shifting Sands of Regulation

This panel will discuss outstanding and anticipated rulemakings that will affect funds. Discussion topics will include the SEC’s 2020 disclosure reform proposal, SEC Rule 30e-3, the SEC’s recent order related to processing fees, the industry report on OBO/NOBO, proxy-related matters, and SEC Rule 17a-7.

DOROTHY M. DONOHUE, Moderator
Deputy General Counsel, Securities Regulation
Investment Company Institute

AARON GILBRIDE
Counsel
Davis Polk & Wardwell LLP

JAY C. HEROLD
Senior Counsel
MFS Investment Management

BRIAN JOHNSON
Assistant Director
Division of Investment Management
US Securities and Exchange Commission

FRAN M. POLLACK-MATZ
Managing Counsel
T. Rowe Price Associates, Inc.


12:50–1:20 p.m.

Break


1:20–2:05 p.m.

Examinations and Enforcement: What’s Keeping the SEC Staff Busy?

This panel will provide an update on the work of the Divisions of Examinations and Enforcement. It will focus on their efforts over the past year and may be on the horizon. The panel will discuss the divisions’ current areas of focus, issues the audience should be aware of, and how the remote environment and changes in administration/leadership are affecting the divisions’ priorities. 

TAMARA K. SALMON, Moderator
Associate General Counsel
Investment Company Institute

ADAM ADERTON
Cochief, Asset Management Unit
Division of Enforcement
US Securities and Exchange Commission

DANIEL S. KAHL
Acting Director
Division of Examinations
US Securities and Exchange Commission


2:20–2:30 p.m.

Break


2:30–3:00 p.m.

LIBOR: Endgame

LIBOR transition is happening at breathtaking speed, with new developments arising from the regulators, legislators, and markets on a weekly basis. We will explore the transition’s progress and what funds should expect as the cutoff for US dollar LIBOR approaches.

BRIDGET D. FARRELL, Moderator
Assistant General Counsel, Securities Regulation
Investment Company Institute 

TOM WIPF
Vice Chairman of Institutional Securities, Morgan Stanley
Chair, Alternative Reference Rates Committee
 


November 3
 

10:00–10:50 a.m.

Sponsored Thought Leadership Sessions
  • Dechert

    The SEC Derivatives Rule: Navigating Implementation Challenges


11:00–11:05 a.m.

Introduction


11:05–11:50 a.m.

One-on-One Keynote: Eric Pan in conversation with Hester Peirce

HESTER M. PEIRCE
Commissioner
US Securities and Exchange Commission

ERIC J. PAN
President and CEO
Investment Company Institute


11:50 a.m.–12:05 p.m. 

Break


12:05–12:50 p.m.

ESG in the Spotlight

Regulators—in the United States and globally—are squarely focused on ESG. In the United States, the SEC has put ESG on its rulemaking agenda, created a Division of Enforcement task force dedicated to climate and ESG issues, and focused on climate and ESG-related risks in its examinations. The Department of Labor also has crafted a proposal to amend its 2020 final rule on ESG investments. This panel will bring you up to date on these and other ESG regulatory developments.

ANNETTE CAPRETTA, Moderator
Associate General Counsel, Securities Regulation
Investment Company Institute

KATHERINE COREY
Senior Legal Counsel
Aberdeen Standard Investments

SARA CORTES
Senior Special Counsel
Division of Investment Management
US Securities and Exchange Commission

LANCE C. DIAL
Partner
Morgan, Lewis & Bockius LLP


12:50–1:20 p.m.

Break


1:20–2:20 p.m.

Looking Backward and Moving Forward: Implementing the SEC’s 2020 Fund Rules

The SEC concluded 2020 with a flurry of rulemakings that will have a significant impact on funds, including how they determine fair value of portfolio investments; invest in derivatives and manage their related risks; and invest in other funds. This panel will explore how the fund industry is implementing rules that will affect important and often complex fund practices.

KENNETH FANG, Co-Moderator
Associate General Counsel
Securities Regulation
Investment Company Institute

JANE G. HEINRICHS, Co-Moderator
Associate General Counsel
Securities Regulation
Investment Company Institute

MATTHEW THORNTON, Co-Moderator
Associate General Counsel
Securities Regulation
Investment Company Institute

ARIEL M. AYANNA
Senior Counsel
John Hancock Investment Management

DONALD CAIAZZA
Vice President and Associate General Counsel
Fidelity Management and Research Company

ANDREW KLOSTERMANN
Director, Fund Administration
Charles Schwab Investment Management, Inc.

MICHAEL W. MUNDT
Partner
Stradley Ronon Stevens & Young, LLP

JEREMY C. SMITH
Partner
Ropes & Gray LLP


2:20–2:30 p.m.

Break


2:30–3:00 p.m.

What’s Top of Mind for Independent Directors?

Fund independent directors have a unique role in overseeing the performance and operations of funds in the interests of shareholders. Recent SEC rulemakings may increase the breadth of those oversight responsibilities, while the evolving regulatory and market environment may present governance challenges and opportunities. Join this discussion to hear what’s top of mind for the independent director community.

THOMAS T. KIM, Moderator
Managing Director
Independent Directors Council

THOMAS P. LEMKE
Independent Director
JP Morgan Exchange-Traded Fund Trust and SEI Funds