Servicing and Recordkeeping
This page provides resources to help funds deliver products and services to investors as efficiently and effectively as possible, and to respond to regulatory and compliance challenges on a timely basis.
Abandoned Property and Escheatment
ICI Statement to ERISA Advisory Council on Permissive Transfers of Uncashed Checks from ERISA Plans to State Unclaimed Property Funds (pdf)
Indication of Death: Common Industry Practices (pdf)
Focus on Funds: Fund Investors Should Be Alert to "Abandoned Property" Risk
Focus on Funds Fund Investors Should Be Alert to “Abandoned Property” Risk Pennsylvania and other...
Anti-Money Laundering and Customer Due Diligence
November 3, 2020
Memo #32890
SEC's New Rule on Funds' Use of Derivatives: Summary of Fund Board Responsibilities
[32890] November 3, 2020 TO: ICI Members Investment Company Directors SUBJECTS: Alternative Investments Compliance Derivatives Disclosure Exchange-Traded Funds (ETFs) Financial Stability Fund Governance Recordkeeping Risk Oversight RE: SEC's New Rule on Funds'...
Focus on Funds: Funds Step Up Fight Against Elder Abuse and Fraud
June 19, 2020—As the global coronavirus pandemic has made some fund investors more vulnerable to...
Focus on Funds: Elder Abuse and Exploitation a Growing Industry Concern
Focus on Funds Elder Abuse and Exploitation a Growing Industry Concern ICI is teaming up with...
Electronic Communications and Recordkeeping
Electronic Delivery of Financial Information Is Way Overdue
From paying bills to ordering pizza, most people reach for an electronic device when they need...
ICI Letter Supporting Three Bipartisan Amendments to Help Americans Save for Retirement
March 5, 2024—The Investment Company Institute (ICI) expresses our strong support for three...
ICI Commends Senators for Introducing E-Delivery Legislation
February 29, 2024—ICI President and CEO Eric Pan released the following statement after Senators...
FATCA
ICI Comment Letter to IRS on FATCA Issues (pdf)
ICI Comment Letter on Form W-9 Submitted to IRS (pdf)
ICI and ICI Global Welcome U.S. Treasury Announcement of Additional Time to Implement FATCA
ICI and ICI Global Welcome U.S. Treasury Announcement of Additional Time to Implement FATCA...
Identity Theft, Red Flag Rules, and Privacy
ICI Files Comment Letter with Department of Commerce Discussing Importance of Mutual Funds' Access to the Death Master File (pdf)
ICI Files Comment Letter with SEC on FINRA's Proposed Consolidated Supervisory Rules (pdf)
ICI Letter on CFTC's Proposal to Enhance Protections Afforded Customers and Customer Funds Held by Futures Commission Merchants and Derivatives Clearing Organizations (pdf)
Intermediary Oversight
ICI Comment Letter on Treasury's Request for Information on Uses, Opportunities, and Risks of Artificial Intelligence in the Financial Services Sector
On August 12, 2024, ICI submitted a comment letter to the US Department of the Treasury ("Treasury")...
Navigating Intermediary Relationships (pdf)
ICI Comment Letter to SEC on Outsourcing by Investment Advisers Proposal
On December 23, 2022, the ICI filed a comment letter with the Securities and Exchange Commission on...
Money Market Funds
ICI Supplemental Comment Letter on SEC's Proposed Money Market Fund Reforms
On August 8, ICI filed this letter with the Securities and Exchange Commission to supplement our...
Previous Reform Made Prime Funds Less Resilient This Time Around
Even as the market turmoil triggered by strict government mandates and social distancing due to the...
On Closer Look, a Very Different Picture of Funds’ Role in the Commercial Paper Market
New analysis by ICI shows that prime money market funds did not pull back significantly from the...
Retirement Plans
Revolutionizing Retirement
August 30, 2024—Adjusted for inflation, average retirement assets per US household are nearly 10...
The BrightScope/ICI Defined Contribution Plan Profile: A Close Look at 401(k) Plans, 2021 (pdf)
ICI and ISS MI BrightScope Report 401(k) Plan Participants Continue to Benefit from Employer Contributions and Falling Fees
August 21, 2024—The undeniable strength of the 401(k) system is seen in the report, "The BrightScope...