Trading and Markets (Domestic)

For US Treasury Troubles, Treat the Cause Not the Symptom

Financial regulators in the US have recently expressed worries over the growing use of Treasury...

ICI Comment Letter on FINRA’s and MSRB’s Filings with the SEC to Shorten Reporting Timeframes

On February 15, 2024, ICI filed a comment letter in response to notices published by the Securities...

ICI Comment Letter on Regulatory Capital Rule: Large Banking Organizations and Banking Organizations with Significant Trading Activity

ICI has filed two letters in response to the joint notice of proposed rulemaking issued by the Board...

ICI Supplemental Comment Letter on Regulatory Capital Rule: Large Banking Organizations and Banking Organizations with Significant Trading Activity

ICI has filed two letters in response to the joint notice of proposed rulemaking issued by the Board...

January 12, 2024

By Shelly Antoniewicz, Hammad Qureshi, AND Matt Thornton

The SEC’s Liquidity Proposal Is Arbitrary and Harmful to Investors

January 12, 2024—Open-end long-term mutual funds (“funds”) have a long history of successfully...

ICI: SEC’s Safeguarding Proposal Would Upend Decades of Established Practice

ICI President and CEO Eric Pan released the following statement regarding the Securities and...

ICI Comment Letter to SEC on Re-Proposal Regarding ABS Conflicts of Interest

The Investment Company Institute appreciates the opportunity to comment on the Securities and...

December 28, 2022

Memo #34737

FINRA Adopts and Proposes Amendments to TRACE Reporting

Over the last month, FINRA has proposed or adopted three separate reporting requirement changes to the Trade Reporting and Compliance Engine (TRACE). On December 13, 2022, FINRA adopted amendments to require the reporting of transactions in US dollar...

ICI Comment Letter on SEC Treasury Clearing Proposal

On December 23, ICI filed a comment letter with the Securities and Exchange Commission on its...

ICI Follow-Up Letter to SEC on Rule 15c2-11 and Rule 144A Debt Securities

On October 25, ICI submitted the attached follow-up letter to SEC Chair Gary Gensler on the...

ICI Comment Letter to CFTC and SEC on CCP Governance and Conflicts of Interest Proposals

ICI filed this comment letter with the CFTC on its DCO governance rule proposal and the SEC on its...

ICI Comment Letter to FINRA and MSRB Regarding Shortening Trade Reporting Timeframes

On October 3, 2022, ICI filed a comment letter on behalf of members discussing certain concerns with...

ICI Comment Letter to Treasury Department on Additional Post-Trade Transparency

On August 19, ICI filed a comment letter discussing member views regarding the issues raised in the...

T+1 Securities Settlement Industry Implementation Playbook (pdf)

T+1 Securities Settlement Industry Implementation Workbook (pdf)

T+1 Securities Settlement Industry Implementation Workbook (xls)

ICI Comment Letter on CFTC Request for Comment on Swap Clearing Requirements and LIBOR Transition (pdf)

Accelerating the US Securities Settlement Cycle to T+1

ICI, SIFMA, and DTCC Lay Out Path to Shorten US Securities Settlement Cycle to T+1 by First Half of 2024

The Investment Company Institute (ICI), the Securities Industry and Financial Markets Association...

ICI Joint Letter to SEC on Application of Rule 15c2-11 to Fixed Income (pdf)

Rule 17a-7 at the Crossroads: Supplemental Information on Equity Cross Trading (pdf)

Joint Letter to SEC on Accelerating the Securities Settlement Cycle to T+1 (pdf)

ICI Submits Response to SEC Staff's Statement on Cross Trading (pdf)

ICI Statement for Joint House Subcommittee Hearing on Impact of the Volcker Rule (pdf)

Testimony for House Hearing: Market Structure: Ensuring Orderly, Efficient, Innovative and Competitive Markets for Issuers and Investors (pdf)

ICI Amicus Brief Supporting the SEC's Order to Reform NMS Equity Data Plan Governance (pdf)

Indexes and How Funds and Advisers Use Them: A Primer (pdf)

ICI Submits Comment Letter Responding to SEC Staff Questions on Control Share Acquisition Statutes and Enhancing Public Access to Private Markets (pdf)

ICI Comment Letter on SEC Proposed Exemptive Order on Portfolio Margining (pdf)

ICI Comment Letter to CFTC and SEC on Portfolio Margining (pdf)

Focus on Funds: New Report Makes Sense of March Market Turmoil

October 30, 2020—ICI research analyzes how funds fared during the extreme market stress of March...

Focus on Funds: How 401(k) Investors React to Market Ups and Downs

Focus on Funds How 401(k) Investors React to Market Ups and Downs The long-term saving horizon of...

ICI: “Vitally Important" That Financial Markets Remain Open

Paul Schott Stevens, president and CEO of the Investment Company Institute, issued the following...

March 17, 2020

By Shelly Antoniewicz