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 Submits Written 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
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...
ICI Comment Letter on FinCEN Customer Due Diligence Proposal (pdf)
Electronic Communications and Recordkeeping
ICI Welcomes the Improving Disclosure for Investors Act
The bipartisan ‘Improving Disclosure for Investors Act’ is an important step forward in modernizing...
ICI Letter on the SEC's Electronic Filing Proposals (pdf)
ICI Joins Other Trades in Asking IRS for Changes to Draft Forms W-4P and W-4R (pdf)
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)
Money Market Funds
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...
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...
Retirement Plans
What Does Consistent Participation in 401(k) Plans Generate? Changes in 401(k) Plan Account Balances, 2016–2020 (pdf)
Supplemental Tables: What Does Consistent Participation in 401(k) Plans Generate? Changes in 401(k) Plan Account Balances, 2016–2020 (xlsx)
Savers Remain Focused on Retirement Goals Through Market Turbulence
US households felt the sting of high inflation in 2022. Sharp increases in consumer prices led to...