26 Jun 2025
📈SEC Notice on Regulatory Responsibilities Allocation Between FINRA and GIX
Program for Allocation of Regulatory Responsibilities Pursuant to Rule 17d-2; Notice of Filing of Proposed Plan for the Allocation of Regulatory Responsibilities Between the Financial Industry Regulatory Authority, Inc. and Green Impact Exchange, LLC
Summary
The SEC publishes a notice regarding a proposed regulatory responsibility allocation plan between FINRA and Green Impact Exchange, LLC (GIX). The plan seeks to alleviate regulatory redundancies for firms that are members of both organizations, specifically addressing compliance with rules and regulations to enhance operational efficiency and oversight.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The document outlines a proposed plan for the allocation of regulatory responsibilities between FINRA and GIX, aimed at reducing regulatory duplication. This change will have direct implications for common members (Dual Members) in terms of compliance responsibilities and associated costs, potentially impacting their operational efficiencies.