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Subscription Data Framework for Retail Alternative Investments

The latest ICI paper proposes an industry data standards designed to address the lack of communication standards and governance that support subscription processing and client onboarding for alternative investment products. This data standard will help overcome a critical operational barrier to expanding retail investor access to private markets.

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SEC Clears Path for ETF Share Class Trading

ICI President and CEO Eric Pan issued a statement after the Securities and Exchange Commission granted the relief necessary to allow broker-dealers and other market participants to trade ETF shares of multi-class funds.