ICI Papers
White Paper
An Introduction to Fair Valuation (pdf)
White Paper
High-Level Roadmap for Adoption of T+1 in EU Securities Markets (pdf)
White Paper
Mutual Fund to ETF Conversion: Operational Considerations
Beginning in 2021, there has been a steadily increasing trend of mutual funds converting to ETFs...
White Paper
Interval Fund Repurchase Timeline
Through a series of white papers, the ICI Broker/Dealer Advisory Committee’s (BDAC) Interval Funds...
White Paper
Reforms to Restore Confidence in the SEC
The US capital markets are the largest, deepest, and most liquid in the world. They power economic...
White Paper
Macroprudential Tools for Regulated Investment Funds – An Assessment of Suitability
A number of central banks in the European Union (EU) are calling for the development of a new layer...
White Paper
Recommendations to Enhance Japan’s Defined Contribution Pension System and the Nippon Individual Sav...
White Paper
Japanese Translation: Recommendations to Enhance Japan’s Defined Contribution Pension System and the...
White Paper
Overview of Fund Governance Practices, 1994–2022 (pdf)
White Paper
When I’m 64 (or Thereabouts): Changes in Income from Middle Age to Old Age (pdf)
White Paper
Imagine All the People: Using Tax Data to Build a Representative Sample of the US Population (pdf)
White Paper
Board Oversight of Derivatives (pdf)
White Paper
Navigating Intermediary Relationships (pdf)
White Paper
T+1 Securities Settlement Industry Implementation Playbook (pdf)
White Paper
T+1 Securities Settlement Industry Implementation Workbook (pdf)
White Paper
T+1 Securities Settlement Industry Implementation Workbook (xls)
White Paper
Fund Valuation Under the SEC’s New Fair Value Rule (pdf)
White Paper
Accelerating the US Securities Settlement Cycle to T+1
White Paper
Overview of Fund Governance Practices, 1994–2020 (pdf)
White Paper
Protecting Nonpublic Personal Information in a Data-Driven Distribution Model (pdf)
White Paper
Rule 17a-7 at the Crossroads: Supplemental Information on Equity Cross Trading (pdf)
White Paper
529 Plan Use Within Advisory Programs (pdf)
White Paper
Comparing the Current Population Survey to Income Tax Data (pdf)
White Paper
Financing a US Transition to a Sustainable Low-Carbon Economy (pdf)
White Paper
Indexes and How Funds and Advisers Use Them: A Primer (pdf)
White Paper
Reverse Distribution Mechanism and Negative Yields: Considerations and Recommended Practices (pdf)
White Paper
Consider This: Interval Fund Operational Practices (pdf)
White Paper
Financial Intermediary Controls and Compliance Assessment Engagements (pdf)
White Paper
Funds’ Use of ESG Integration and Sustainable Investing Strategies: An Introduction (pdf)
White Paper
Mutual Fund Share Class Conversions: A Matrix of Possibilities (pdf)
White Paper
Estimating Omnibus Account Dividend and Capital Gains Disbursements (pdf)
White Paper
The Myth of Under-Annuitization: Managing Income and Assets in Retirement (pdf)
White Paper
Recommendations Regarding the Availability of Closed-End Fund Takeover Defenses (pdf)
White Paper
Reconciling Form 1040 and Form 1099-R Data (pdf)
White Paper
Decoding Retirement: A Detailed Look at Retirement Distributions Reported on Tax Returns (pdf)
White Paper
Analysis of Fund Proxy Campaigns: 2012 Through 2019 (pdf)
White Paper
ICI Mutual: Shareholder Litigation in the Fund Industry: A Guide for Investment Advisers and Fund In...
White Paper
Interval Funds: Operational Challenges and the Industry’s Way Forward (pdf)
White Paper
Operational Process Flows and Considerations Related to Dealer/Custodian Resignations (pdf)
White Paper
Operational Process Flows and Considerations Related to Dealer/Custodian Resignations (pdf)
White Paper
Indication of Death: Common Industry Practices (pdf)
White Paper
Overview of Fund Governance Practices, 1994–2016 (pdf)
White Paper
Understanding the Regulation of Exchange-Traded Funds Under the Securities Exchange Act of 1934 (pdf...
White Paper
Monitoring Direct-at-Fund Assets and Accounts with Grandfathered Compensation in Response to the DOL...
White Paper
Market Access for Regulated Fund Managers in the United States and European Union (pdf)
White Paper
Disclosure of Noncash Compensation and Third-Party Payments in Response to the DOL Fiduciary Rule (p...
White Paper
Disclosure of Noncash Compensation and Third-Party Payments in Response to the DOL Fiduciary Rule (p...
White Paper
Operational Considerations of the DOL Fiduciary Rule for Accounts Held Direct-at-Fund (pdf)
White Paper
Operational Considerations of the DOL Fiduciary Rule for Accounts Held Direct-at-Fund (pdf)
White Paper
Evaluating Investor Communication Touchpoints in Response to the DOL Fiduciary Rule (pdf)
White Paper
Evaluating Investor Communication Touchpoints in Response to the DOL Fiduciary Rule (pdf)
White Paper
Operational Process Flows and Considerations Related to Dealer/Custodian Resignations in Response to...
White Paper
The Evolution of the Financial Intermediary Controls and Compliance Assessment (pdf)
White Paper
Fund Governance: A Successful, Evolving Model (pdf)
White Paper
Event Processing Assumptions and Considerations (pdf)
White Paper
Floating NAV Intraday NAV Strike Considerations (pdf)
White Paper
High-Level Process Flow: Intraday Floating NAVs (pdf)
White Paper
Overview of Fund Governance Practices, 1994–2014 (pdf)
White Paper
The Federal Thrift Savings Plan: Can It Be Duplicated? (pdf)
White Paper
It's Time to Reform Escheatment of Mutual Fund Shares (pdf)
White Paper
SEC Valuation and Liquidity Guidance for Registered Investment Companies, Volume I (pdf)
White Paper
SEC Valuation and Liquidity Guidance for Registered Investment Companies, Volume II (pdf)
White Paper
The Role and Activities of Authorized Participants of Exchange-Traded Funds (pdf)
Paper
Report on Funds’ Use of Proxy Advisory Firms (pdf)
Paper
Mutual Fund Prospectus Liability (pdf)
Paper
Independent Directors Liability (IDL) Insurance (pdf)
Paper
Mutual Fund D&O/E&O Insurance (pdf)
Paper
Investment Performance Oversight by Fund Boards (pdf)
White Paper
Overview of Fund Governance Practices, 1994–2012 (pdf)
White Paper
The Success of the U.S. Retirement System (pdf)
White Paper
Board Oversight of Exchange-Traded Funds (pdf)
White Paper
Board Oversight of Exchange-Traded Funds
Over the past decade, demand for exchange-traded funds (ETFs) has grown markedly as investors—both...
White Paper
Audit Committee Annual Evaluation of the External Auditor (pdf)
White Paper
The Tax Benefits and Revenue Costs of Tax Deferral (pdf)
White Paper
Operational Impacts of Proposed Redemption Restrictions on Money Market Funds (pdf)
White Paper
The Implications of Capital Buffer Proposals for Money Market Funds (pdf)
White Paper
Overview of Fund Governance Practices, 1994–2010 (pdf)
White Paper
Fund Board Oversight of Risk Management (pdf)
White Paper
Delivering ERISA Disclosure for Defined Contribution Plans (pdf)
White Paper
Disclosure of the Role of the Board in Risk Oversight: Samples of Fund SAI Disclosure (pdf)
Paper
Money Market Mutual Funds: The Case Against Floating the Net Asset Value (Blackrock, pdf)
Paper
Board Oversight of Subadvisers (pdf)
White Paper
Overview of Fund Governance Practices, 1994–2008 (pdf)
Paper
Board Oversight of Fund Compliance (pdf)
Paper
Principles to Enhance Understanding of Target Date Funds (pdf)
Paper
Report of the Money Market Working Group: Summary Recommendations (pdf)
Paper
Report of the Money Market Working Group (pdf)
Paper
Financial Services Regulatory Reform: Discussion and Recommendations (pdf)
Paper
Oversight of Fund Proxy Voting (pdf)
Paper
Investor Views on the U.S. Securities and Exchange Commission's Proposed Summary Prospectus (pdf)
White Paper
Overview of Fund Governance Practices, 1994–2006 (pdf)
White Paper
Chief Risk Officers in the Mutual Fund Industry: Who Are They and What Is Their Role Within the Orga...
White Paper
Board Oversight of Certain Service Providers (pdf)
White Paper
Report of the Working Group on Rule 12b-1 (pdf)
White Paper
History of 12b-1 Fees, Appendix II of the Working Group Report (pdf)
Paper
A Review of the SEC Office of Economic Analysis Board Independence Studies (pdf)
Paper
ICI Policy Statement on Retirement Plan Disclosure (pdf)
Paper
ICI Mutual: Independent Director Litigation Risk: A Practical Guide (pdf)
Paper
Board Consideration of Fund Mergers (pdf)
Paper