📜SEC Approves Regulatory Responsibility Allocation Among SROs
Program for Allocation of Regulatory Responsibilities Pursuant to Rule 17d-2; Notice of Filing and Order Approving and Declaring Effective an Amendment to the Plan for the Allocation of Regulatory Responsibilities Between Cboe BZX Exchange, Inc., Cboe BYX Exchange, Inc., BOX Exchange LLC, Cboe Exchange, Inc., Cboe C2 Exchange, Inc., NYSE Texas, Inc., Cboe EDGA Exchange, Inc., Cboe EDGX Exchange, Inc., Financial Industry Regulatory Authority, Inc., Long-Term Stock Exchange, Inc., MEMX LLC, Nasda
Summary
The Securities and Exchange Commission (SEC) has approved amendments to a regulatory plan for allocating responsibilities among various self-regulatory organizations (SROs). This plan aims to foster cooperation, eliminate regulatory duplication, and enhance compliance efforts for broker-dealers that belong to multiple SROs, ultimately supporting a more efficient regulatory framework in the financial markets.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
This document pertains to the allocation of regulatory responsibilities among multiple self-regulatory organizations (SROs), which directly impacts compliance and regulatory requirements for businesses. It aims to reduce regulatory duplication and associated costs for members of multiple SROs, influencing operational efficiency and financial expenditures in compliance efforts.