The regulated funds industry stands at an inflection point. With regulators taking a more receptive approach to innovation, technological advances shaping fund operations, and innovations like ETF...
In November, the State of Texas and 10 other states brought an action against BlackRock, Inc., State Street Corporation, and The Vanguard Group, Inc. in the U.S. District Court for the Eastern District of Texas, alleging violations of federal and state antitrust laws, including the...
In April, the Office of Management and Budget (OMB) issued a request for information on deregulation. The RFI seeks comment on "regulations that are unnecessary, unlawful, unduly burdensome, or unsound" and specifically asks commenters to identify rules to rescind.
Today, ICI sent a letter to SEC Chairman Atkins, outlining the key issues on which we believe the SEC and its staff should take prompt action. All but one of these items come out of our 1940 Act modernization work. While we stand behind all 19 recommendations made in our paper, we...
Yesterday, ICI submitted an amicus curiae brief in the State of Texas et al. v. BlackRock, Inc. et al. litigation, in which plaintiffs allege that defendants violated various federal and state antitrust laws.
The Investment Company Institute and the Independent Directors Council invite your fund complex to participate in the ICI/IDC Directors Practices Study. The Directors Practices Study, conducted since 1996, collects and reports data on fund board practices and independent director...
The United States Court of Appeals for the Fifth Circuit vacated the order of the Securities and Exchange Commission approving Nasdaq's Board Diversity Proposal
