IDC and fund independent directors, on behalf of the shareholders they represent, are deeply concerned about the negative consequences of the SEC’s hard close, mandatory swing pricing, and liquidity proposal.
Latest News
News Release
IDC Statement on SEC Swing Pricing Proposal
IDC Managing Director Thomas Kim released the following statement regarding the Securities and...
Comment Letter
IDC Comment Letter on Open-End Fund Liquidity Risk Management Programs and Swing Pricing (pdf)
Comment Letter
IDC Comment Letter on SEC's Rule Proposal on Outsourcing by Investment Advisers (pdf)
About IDC
The Independent Directors Council (IDC) represents independent directors and trustees who serve on the boards of mutual funds, closed-end funds, exchange-traded funds and other registered investment companies. IDC’s activities and advocacy promote excellence in fund governance for the benefit of shareholders.
Resources for Directors
IDC has compiled a repository for directors with information that will help them oversee their funds and serve their shareholders.