Fund Accounting & Financial Reporting Content

ICI submitted a comment letter on the SEC's Registered Offering Reform proposal, which will modernize and strengthen the registered offering framework to make public offerings more attractive to issuers.

ICI submitted a comment letter to the Financial Accounting Standards Board supporting its proposed Accounting Standards Update on investment companies with equity securities subject to contractual sale restrictions.

ICI submitted a comment letter on the Securities and Exchange Commission's proposal to permit public companies to file interim reports on a semiannual basis instead of quarterly.

ICI released a statement regarding the Securities and Exchange Commission’s proposed rule and form amendments that would allow public companies to meet interim reporting requirements through semiannual, rather than quarterly, filings under the federal securities laws.

ICI submitted a comment letter to the Securities and Exchange Commission on its proposed Form N-PORT amendments.

ICI filed today a letter strongly supporting the Securities and Exchange Commission’s proposal to amend Form N-PORT. The new SEC proposal rectifies the not-yet-effective 2024 amendments to the form, adopted under the previous SEC leadership.

ICI issued a statement in response to the Securities and Exchange Commission’s proposed amendments to portfolio reporting requirements.

The SEC’s Form N‑PORT reporting framework has successfully balanced transparency and investor protection by providing regulators with monthly portfolio data while limiting public disclosure to quarterly reports. This approach has made registered funds highly transparent. However, SEC changes adopted in 2024 threaten to upset this balance and could ultimately harm investors.

Unintended Consequences: How Increased Reporting Frequency Can Affect Investors More frequent public disclosure gives market participants additional data points about a fund’s trading strategy...

Public Disclosure: Risks to Investor Costs and Fund Strategies A fund manager’s investment strategy and current holdings are valuable intellectual property, often developed through extensive research...

ICI submitted a letter to the European Securities and Markets Authority’s on its call for evidence on a comprehensive approach for the simplification of financial transaction reporting and discussion paper on the integrated collection of funds’ data.