Fund Regulation Content

The Investment Company Institute submitted a letter to the Office of Management and Budget in response to its request for information on deregulation. The request seeks comment on "regulations that are unnecessary, unlawful, unduly burdensome, or unsound" and specifically asks...

The Investment Company Institute along with along with the Securities Industry and Financial Markets Association, SIFMA Asset Management Group, American Bankers Association, Bank Policy Institute, Institute of International Bankers, Investment Adviser Association, Insured Retirement...

VIEW AS PDF In response to pandemic-induced stress in money markets three years earlier, the Securities and Exchange Commission (SEC) adopted rule amendments in July 2023 that required significant changes to prime money market funds (MMFs). 1 While strengthening the resiliency of MMFs...

The Investment Company Institute submitted a letter to the U.S. Securities and Exchange Commission in support of the request for a stay included within the motion submitted by The Nasdaq Stock Market LLC and Cboe Global Markets, Inc. and their respective exchange groups. In the motion...

In late September, ICI convened more than 650 professionals in sunny Boca Raton for the 2024 Tax and Accounting Conference (TAC). The annual event connects leading experts in asset management, law, and accounting with top regulators for important conversations on tax policy and...

On July 30, 2024, ICI submitted a comment letter to the SEC in support of NYSE's proposed amendments to Section 302.00 of the NYSE Listed Company Manual ("Manual") that would exempt closed-end funds ("CEFs") listed on the NYSE from holding an annual meeting ("Proposal"). ICI supports...

ICI President and CEO Eric J. Pan today wrote to the Federal Deposit Insurance Corporation (FDIC) Board after recent statements questioning the level of investment in individual banking organizations by regulated funds and the announcement that the FDIC Board will meet to discuss...

On April 8, 2024, the Investment Company Institute (ICI) and ICI Southwest submitted a supplemental joint comment letter to the Securities and Exchange Commission (SEC) on the ESG Fund and Adviser Proposal in light of the recent adoption and subsequent stay of the Public Company...

On November 30, 2023, the Investment Company Institute (ICI) and ICI Southwest submitted a joint comment letter to the Securities and Exchange Commission (SEC) on its proposal to require registered investment advisers, registered investment companies, and business development...

Closed-end funds (CEFs) trying to fend off hostile hedge funds and other activist investors are facing another headwind from an unexpected corner: proxy advisory firms. Proxy advisors, which make recommendations to institutional investors on management actions and shareholder...