In a joint letter, trade associations urged the SEC to extend the comment deadline by 90 days on proposals concerning open-end fund liquidity risk management programs and outsourcing by investment advisers.
ISDA urged the SEC to exclude all derivative transactions from its proposed rule amendments that would require funds to provide disclosures as to greenhouse gas emissions.
SIFMA Asset Management Group criticized an SEC proposal to amend the "Names Rule" for investment companies. According to the SEC, the proposal would prevent investment companies from using names that may be potentially deceiving.
The Investment Company Institute Board of Governors unanimously adopted a statement detailing steps that funds can take to facilitate a transition toward a lower-carbon economy, "consistent with a fund’s investment objectives and strategies, investors’ interests, and a fund manager’s fiduciary obligations."
In a 2020 annual report, the Investment Company Institute highlighted the association's engagement on pandemic-related matters, regulatory reform of U.S.-registered funds’ use of derivatives and strengthening cybersecurity and anti-fraud protections.