#ICICRL closed on a high note with a fast-paced Lightning Round featuring industry leaders and live audience participation. Thank you to everyone who joined us in Nashville!

Good judgment matters most when the pressure is on. Our #ICICRL ethics session featuring @vaneck_us's Michael Gozzillo, J. David Kast of Matthews Asia, Janis Kerns of Adams Funds, Jessica Lees of Ropes & Gray, and Rachel Graham of ICI used real-world scenarios to examine conflicts, escalation, documentation, and culture.

Exams and enforcement remain under the spotlight. #ICICRL panelists @SECGov's Vanessa Horton and Corey Schuster, @acagroup_be's Carlo Di Florio, @SkaddenArps' Eben Colby, and Tara Buckley of ICI discussed current focus areas and practical steps firms can take to strengthen readiness and response.

“Greater analytical power does not reduce the importance of reliable information. It raises it...Better information produces better analysis. Better analysis produces better decisions. And better decisions help keep the US capital markets the deepest, most innovative, and most trusted in the world.” – Joshua White, @SECgov #ICICRL

.@SECgov’s White shares that when commenters, like ICI, provide an economic analysis through the comment process, it is most useful if it answers one of four questions: 1. How large is the effect, and what drives it? 2. Who ultimately bears the effect. 3. How will behavior change if there’s a new rule or a rule change? 4. What evidence supports the conclusion? #ICICRL

“AI is a wonderful tool, but it’s not magic. AI can lower the process and lower the cost of processing information… AI can make disclosure cheaper to process, but it does not make the underlying information free to produce, to verify, or to stand behind. Information still has to be collected, verified, and reconciled.” - Joshua White, @SECgov #ICICRL

.@SECgov’s White says that machines and AI are evolving how data are accessed, processed, and understood. He points to the name changes of two offices that show where the work of the SEC is going: - The Office of Data Science became the Office of Advanced Analytics and AI - The Office of Structured Disclosure became the Office of Data Standards and Innovation #ICICRL

.@SECgov’s White stresses the importance of high-quality information for helping investors, and points to the roles played by #ICICRL attendees to provide it through forms like Form N-PORT, Form N-CEN, Form N-MFP, and Form PF.

We’re pleased to welcome @SECGov Division of Economic and Risk Analysis Director Joshua White to the #ICICRL stage for today’s keynote speech.

“I know that from my own involvement with ICI’s Chief Compliance Officer committee, there are very few professions where you benefit more from having a strong network of peers who understand the challenges you face and are willing to share what they have learned.” – Hope Brown, Calvert Funds #ICICRL

Our final day of the 2026 #ICICRL kicks off with welcome remarks from Hope Brown, Executive Director and Chief Compliance Officer for Calvert Funds.

For our final #ICICRL panel of the day, Julia Ulstrup from ICI Mutual, John Schiavetta from @AB_insights, Jeffrey Vernor from @dimensional, and Stephen Wright from @followneuberger examined how firms can turn disruption tied to AI, cybersecurity, tokenization, prediction markets, and geopolitics into decisions, controls, and measurable follow-through.

When the @SECgov comes calling, preparation matters. Our #ICICRL session featuring Pete Driscoll of @PwC, D.J. Gorman of @JacksonNational, Natasha Vij Greiner of @WilmerHale, and ICI's Mike Spratt broke down exam readiness step by step, from organizing documents and assigning roles to mobilizing a response quickly.

Third-party oversight cannot run on autopilot. #ICICRL panelists Aaron Schlaphoff of @DavisPolkReg, Christy Sears of @AmBeacon, Trevor Swanberg of @johnhancockusa, and ICI's Jeff Naylor discussed stronger due diligence, right-sized monitoring, and clearer accountability for critical vendors.

Innovation works better when compliance, risk, and legal teams are involved early. Our #ICICRL panel featuring Matt Chambers of @Horizon_IMG, Laura Flores of @MLWorkforce, Kristen Freeman of @ProShares, and ICI's Josh Weinberg, explored practical guardrails for product development and distribution across RICs, CITs, and SMAs.

On his advice to CCOs facing a major role implementation, Thoreau Bartmann from @KLGates, urges people to “start early, and then pay attention to no-action letters…It’s really important to make sure that your compliance program reflects the actual terms and conditions of that guidance.” #ICICRL

“I think ignoring the news of what’s coming down the pike and just putting it off to another day, because you’ve got a lot of stuff on your plate already, can be a mistake if you don’t delegate some time to look over the hill and see what’s coming at you.” Peter Shea, @SewKis #ICICRL

After deciding a regulatory change requires a response, @followneuberger's Scott Hogan says “Bringing together stakeholders, which includes members of risk, legal, and other key business areas that are going to be impacted by the rule, is going to be critical in moving forward.” #ICICRL

Katie Gebauer jokes that CCOs are project managers because when a rule is being implemented, “if the @SECgov is coming and knocking on our door, it’s my job to make sure our business is doing what they need” by “ensuring that everyone knows where they own the regulation implementation.” #ICICRL