The asset management industry is working toward complying with new regulations and determining how much extra compliance costs will be needed following last year's unsuccessful court challenge brought by the Investment Company Institute against the U.S. Commodity Futures Trading Commission.

The U.S. Court of Appeals last July upheld a lower court ruling that allows a new CFTC rule, requiring certain investment companies to register as commodity pool operators. The ICI had argued that the CFTC proposal would lead to added costs atop regulatory pressures fund companies face with the Securities and Exchange Commission. However, the finalized rules allowed the CFTC and SEC requirements to be harmonized as a way of helping to minimize the compliance burdens for companies.

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