The latest ICI paper outlines new industry data standards to improve subscription processing and client onboarding for alternative investments, removing a key operational barrier to expanding retail access to private markets.
The latest ICI paper proposes an industry data standards designed to address the lack of communication standards and governance that support subscription processing and client onboarding for alternative investment products. This data standard will help overcome a critical operational barrier to expanding retail investor access to private markets.
The Investment Company Institute submitted a letter in support of FINRA's proposed rule change to create a new exemption for non-traded business development companies from FINRA Rule 5130. Read more in the comment letter.
