Audit and Attest
ICI and IDC Comment Letter on the PCAOB Metrics Docket
On June 7, 2024, the Investment Company Institute and Independent Directors Council filed a joint...
ICI and IDC Supplemental PCAOB NOCLAR Comment Letter
March 18, 2024—The Investment Company Institute and Independent Directors Council filed a joint...
ICI and IDC Joint Comment Letter to the PCAOB's Proposed Amendments
On August 7, 2023, the Investment Company Institute and Independent Directors Council filed a joint...
FASB Issues
ICI Comments on FASB Technical Changes to Topics 820 and 946 (pdf)
FASB Proposal to Change Accounting for Investments in Funds
The Financial Accounting Standards Board (FASB) recently released a proposal that will change how...
ICI Comments on FASB Recognition and Measurement of Financial Instruments Proposal (pdf)
Financial Reporting
ICI and IDC Comment Letter on the PCAOB Metrics Docket
On June 7, 2024, the Investment Company Institute and Independent Directors Council filed a joint...
ICI and IDC Supplemental PCAOB NOCLAR Comment Letter
March 18, 2024—The Investment Company Institute and Independent Directors Council filed a joint...
ICI Follow-Up Comment Letter on Proposed Amendments to FINRA Rule 2210
In late February, FINRA proposed to further amend Rule 2210 (Communications with the Public) (the...
IFRS Issues
ICI Comment Letter on SEC Staff Paper Describing Possible Approach for Incorporating IFRS Into U.S. Financial Reporting System (pdf)
Switching to International Accounting Standards Wouldn’t Likely Benefit U.S. Fund Investors, ICI Tells SEC
A key issue for ICI’s Operations team is regulator interest in harmonizing worldwide accounting...
Institute Responds to SEC Request for Information on Application of IFRS to Funds (pdf)
SEC Yield and Total Return
ICI Responds to SEC Intent to Re-propose Swing Pricing Rule
July 8, 2024—ICI released a statement regarding the Securities and Exchange Commission Division of...
Reforms to Restore Confidence in the SEC
The U.S. capital markets are the largest, deepest, and most liquid in the world. They power economic...
ICI Statement on the Court’s Decision to Overturn SEC Rule
June 5, 2024—ICI President and CEO Eric J. Pan released a statement on the decision of the US 5th...
Valuation
Summary of Recent ICI Research on First-Mover Advantage, Dilution, and Systemic Risk in Open-End Funds (pdf)
ICI Follow-Up Letter to SEC on Rule 15c2-11 and Rule 144A Debt Securities
On October 25, ICI submitted the attached follow-up letter to SEC Chair Gary Gensler on the...
ICI Comment Letter on Certain Information Providers Acting as Investment Advisers
In June, the SEC issued a request for comment on index providers, model portfolio providers, and...