In its 2020 Annual Report, the Investment Company Institute ("ICI") 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, among other priorities.
ICI described:
- responses to COVID-19, including its working group report on the pandemic (see previous coverage here) and coordination with policymakers;
- recommendations urging the SEC "re-proposal" of U.S.-registered funds' use of derivatives (see previous coverage here);
- intensified cybersecurity and anti-fraud protections amid the pandemic;
- advocacy on behalf of closed-end funds, which resulted in the withdrawal of the 2010 SEC no-action "Boulder Letter" (see previous coverage here); and
- increasing interest in environmental, social and corporate governance (or "ESG").
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