Date: May 22, 2015

Issue: International

To:Secretariat of the Financial Stabilty Board (FSB) and the International Organization of Securities Commissions (IOSCO)  

Filing Type: Regulatory 

Description: The objective of global initiatives in regard to investment funds should be to recognize and support their role of enfranchising the global public through individual participation in the growth and success of the private sector. Actions that adversely impact private sector investment and economic growth are exactly the type of actions that will ultimately pose the true threat to financial stability. Accordingly, we respectfully request that the FSB and IOSCO withdraw the elements of the Document that currently contemplate potential G-SIFI designations for certain investment funds and asset managers. 

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