Fund Accounting & Financial Reporting Content

The Investment Company Institute submitted a letter SEC Chair Gensler, requesting that the SEC suspend the compliance dates for certain recent regulatory actions, halt work on not-yet-finalized rulemaking, and extend soon-to-expire relief that would have a significant impact on...

The Investment Company Institute submitted a letter 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. Read...

Through a series of white papers, the ICI Broker/Dealer Advisory Committee’s (BDAC) Interval Funds Task Force (Task Force) has educated stakeholders about the unique operating needs and requirements of interval funds. While most interval funds are continuously offered, the fund may...

On June 7, 2024, the Investment Company Institute and Independent Directors Council filed a joint comment letter on the Public Company Accounting Oversight Board's (PCAOB) metrics proposal. The Proposal is intended to provide information, context, and perspective on auditors and audit...

On March 18, 2024, the Investment Company Institute and Independent Directors Council filed a joint supplemental comment letter on the Public Company Accounting Oversight Board's (PCAOB) proposed amendments to the auditing standards related to a company's noncompliance with laws and...

In late February, FINRA proposed to further amend Rule 2210 (Communications with the Public) (the "rule"). The amended proposal would permit a FINRA member to project performance or provide a targeted return with respect to a security or asset allocation or other investment strategy...

Last month, FINRA filed with the SEC proposed amendments to Rule 2210 (Communications with the Public) (the "rule"). If adopted, the amendments would permit a FINRA member to project the performance or provide a targeted return with respect to a security or asset allocation or other...

The Investment Company Institute (“ICI”) submitted this comment letter in response to the 30-day notice (“Notice”) issued by the Department of Treasury (“Treasury”), on behalf of the Financial Crimes Enforcement Network (“FinCEN”), for the beneficial ownership information (“BOI”)...