In 2020, SEC restrictions on fixed-income cross-trading raised investor costs and reversed decades of effective regulation. The SEC now signals openness to reform, offering a chance to restore efficiency and unlock major savings for investors.
Open-end long-term mutual funds (“funds”) have a long history of successfully managing liquidity, enabling them to meet shareholder redemptions in a timely manner while pursuing their investment...
The Investment Company Institute is writing to provide comments on the Securities and Exchange Commission’s (the “Commission” or SEC) supplemental information and reopening of the comment period for its proposal that would, among other things, amend Rule 3b-16 under the Securities...
On October 25, ICI submitted the attached follow-up letter to SEC Chair Gary Gensler on the applicability of Rule 15c2-11 to fixed-income securities, particularly to Rule 144A debt securities. ICI previously joined several industry associations last fall in submitting an initial...
ICI filed this comment letter with the CFTC on its DCO governance rule proposal and the SEC on its registered clearing agency governance and conflicts of interest rule proposal. ICI's letter expresses support for the proposals, which would codify standards for DCOs and registered...
On August 19, ICI filed a comment letter discussing member views regarding the issues raised in the US Department of the Treasury ("Treasury") request for information on the possibility of additional post-trade transparency of data for secondary transactions in Treasury securities...
VIEW AS PDF More than 170 million equity transactions trade and settle every day in the United States on behalf of hundreds of millions of investors, including those who invest in regulated funds, such as mutual funds and exchange-traded funds. The trading and settlement systems are...
VIEW AS PDF Last week, the Investment Company Institute (ICI), the Securities Industry and Financial Markets Association (SIFMA), and the Depository Trust & Clearing Corporation (DTCC) announced that...
