On May 29, the Mutual Fund Directors Forum filed a “friend of the court” brief in a lawsuit brought by the Investment Company Institute and the U.S. Chamber of Commerce, which seeks to overturn a recently adopted U.S. Commodity Futures Trading Commission rule that will require many mutual funds using futures, swaps, and options to register with it.

The Mutual Fund Directors Forum is an independent, non-profit membership organization for investment company independent directors.