Risk Oversight 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...

On August 12, 2024, ICI submitted a comment letter to the US Department of the Treasury ("Treasury") on the "Request for Information on Uses, Opportunities, and Risks of Artificial Intelligence in the Financial Services Sector" (the "RFI"). In the RFI issued on June 12th, Treasury...

On August 21, 2023, ICI submitted a response to the Financial Stability Board's consultation, Enhancing Third-Party Risk Management and Oversight. ICI's letter expresses general support for the overall goals and approach of the FSB's consultation and its use of a toolkit, rather than...

On December 23, 2022, the ICI filed a comment letter with the Securities and Exchange Commission on its proposal entitled "Outsourcing by Investment Advisers." The SEC has proposed a new rule, Rule 206(4)-11, under the Investment Advisers Act of 1940 (the "Advisers Act"), that would...

In June, the SEC issued a request for comment on index providers, model portfolio providers, and pricing services. The release poses many questions exploring whether information providers might meet the definition of "investment adviser" under the Investment Advisers Act of 1940...

IDC Letter to SEC Highlights Proper Role of Fund Boards Letter Outlines Approach to Limiting Directors’ Responsibilities Under SEC Rules to Fund Oversight Washington, DC, June 23, 2016 - The proper governance role of fund independent directors is oversight, not management, the...