Portfolio Security Operations

ICI Comment Letter on Regulatory Capital Rule: Large Banking Organizations and Banking Organizations with Significant Trading Activity

ICI has filed two letters in response to the joint notice of proposed rulemaking issued by the Board...

ICI Supplemental Comment Letter on Regulatory Capital Rule: Large Banking Organizations and Banking Organizations with Significant Trading Activity

ICI has filed two letters in response to the joint notice of proposed rulemaking issued by the Board...

ICI Statement on CFTC Proposed Rule on Margin Requirements for Uncleared Swaps

October 12, 2023—ICI Deputy General Counsel for Markets, SMAs & CITs Sarah Bessin released the...

ICI Comment Letter on Margin Requirements for Uncleared Swaps for Swap Dealers and Major Swap Participants

On October 10, ICI filed a comment letter with the CFTC on its proposed amendments to margin...

ICI Comment Letter to SEC on Re-Proposal Regarding ABS Conflicts of Interest

The Investment Company Institute appreciates the opportunity to comment on the Securities and...

Board Oversight of Derivatives (pdf)

Joint Comment Letter Responding to PRA/FCA Consultation

On October 3, ICI co-signed a letter with several associations (the Associations) in response to a...

Eligible Collateral Under UK Margin BTS - EEA UCITS (pdf)

ICI Comment Letter to CFTC and SEC on Portfolio Margining (pdf)

ICI Comment Letter on SEC Proposed Exemptive Order on Portfolio Margining (pdf)

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'...

ICI Applauds SEC’s Final Derivatives Rule

ICI Applauds SEC’s Final Derivatives Rule Rule Provides Clarity on Use of Derivatives Washington, DC...

April 22, 2020

By Paul Schott Stevens

For Funds' Use of Derivatives, a Promising New Regulatory Framework

In a promising new proposal on the use of derivatives, the SEC has consolidated cumbersome...

Comment Letter on SEC Proposed Derivatives Rule 18f-4 (pdf)

IDC Comment Letter on Derivatives Proposal (pdf)

ICI Applauds SEC’s New Derivatives Rule and Recommends Additional Clarifications to Improve Its Effectiveness

ICI Applauds SEC’s New Derivatives Rule and Recommends Additional Clarifications to Improve Its...

ICI Global Comment Letter on SFC Proposed Derivatives Amendments in the Code on Unit Trusts and Mutual Funds (pdf)

ICI Submits Comment Letter on SEC's Proposed Transaction Fee Pilot for NMS Stocks (pdf)

ICI Global Comment Letter on European Commission Proposal to Amend Derivatives Rules (pdf)

Focus on Funds: Today’s Funds Need Modern Portfolio Management Rules

Focus on Funds Today’s Funds Need Modern Portfolio Management Rules ICI is calling on leaders at the...

Focus on Funds: ICI Outlines Measures to Enhance Economic Growth

Focus on Funds ICI Outlines Measures to Enhance Economic Growth The US Securities and Exchange...

ICI Submits Comment Letter on Proposed CFTC Capital Rules for Swap Dealers and Major Swap Participants (pdf)

ICI Global with Other Trades Request that European Regulators Delay the March 1 Variation Margin Compliance Date for Uncleared Derivatives (pdf)

ICI Submits Comment Letter Requesting a Delay to the March 1 Variation Margin Compliance Date (pdf)

ICI Files Comment Letter with FDIC on Proposal on Stays in Qualified Financial Contracts of Certain FDIC-Regulated Banks (pdf)

ICI Global Comment Letter to ESMA on the Trading Obligation for Derivatives (pdf)

ICI Files Comment Letter with OCC on Proposal Regarding Stays in Qualified Financial Contracts of Certain OCC-Regulated Banks (pdf)

ICI Files Second Supplemental Comment Letter on SEC's Derivatives Proposal (pdf)

ICI Files Supplemental Comment Letter on SEC Derivatives Proposal (pdf)

IDC Letter to SEC Highlights Proper Role of Fund Boards

IDC Letter to SEC Highlights Proper Role of Fund Boards Letter Outlines Approach to Limiting...

IDC Supplemental Comment Letter on Liquidity Risk Management and Funds' Use of Derivatives Proposals (pdf)

ICI Submits Comment Letter in Response to Swap Data Repository Rulebook

Focus on Funds: SEC Derivatives Proposal Could Pack a Punch for Funds

Focus on Funds SEC Derivatives Proposal Could Pack a Punch for Funds ICI has responded to a...

ICI Supports Derivatives Risk Management Program for Funds

ICI Supports Derivatives Risk Management Program for Funds Seeks Changes to SEC Rule Proposal to...

ICI Comment Letter to SEC on Use of Derivatives by Registered Investment Companies and Business Development Companies (pdf)

February 22, 2016

By Shelly Antoniewicz

Derivatives—Please Don’t Let Them Be Misunderstood

Derivatives are important portfolio management tools that provide funds with many potential benefits...

ICI Submits Comment Letter on FINRA Proposal to Require Margin for TBA Transactions (pdf)

ICI Files Comment Letter with CFTC Regarding the Made Available to Trade Process

ICI Global Responds to European Commission Consultation on EMIR Implementation Review (pdf)

Comment Letter to SEC Requesting Re-Proposal of Margin Rules for Security-Based Swap Dealers (pdf)

ICI Files Comment Letter on CFTC Proposal to Amend Recordkeeping Requirements for DCM and SEF Members (pdf)

ICI and ICI Global Comment Letters to Prudential Regulators and CFTC on Proposed Margin Requirements for Uncleared Swaps (pdf)

ICI Comment Letter on Protection of Collateral for Cleared Security-Based Swaps under SEC's Proposed Standards for "Covered Clearing Agencies" (pdf)

ICI Comment Letter on FINRA's Proposed Margin Requirements for TBA Transactions (pdf)

ICI Submits Comment Letter on CFTC's Aggregation Proposal (pdf)

ICI and ICI Global Comment Letter on Use of Customer Margin for Recovery of Clearinghouses (pdf)

ICI and ICI Global Submit Comment Letter on EU Clearing Obligation (pdf)

ICI and ICI Global Submit Letter on SEC Proposed Rules on Cross-Border Security-Based Swap Activities (pdf)

ICI and ICI Global File Further Comment Letter with CFTC On Proposed Cross-Border Guidance (pdf)

ICI and ICI Global Comment Letter to Basel Committee and IOSCO in Response to Near-Final Proposal on Margin Requirements for Uncleared Derivatives (pdf)