2 Jun 2025
📈SEC Approves FINRA and 24X Regulatory Responsibility Allocation Plan
Program for Allocation of Regulatory Responsibilities Pursuant to Rule 17d-2; Order Approving and Declaring Effective a Proposed Plan for the Allocation of Regulatory Responsibilities Between the Financial Industry Regulatory Authority, Inc. and 24X National Exchange LLC
Summary
The Securities and Exchange Commission has approved a plan between the Financial Industry Regulatory Authority and 24X National Exchange to allocate regulatory responsibilities. The plan aims to reduce unnecessary regulatory duplication for mutual members, enhancing operational efficiency while ensuring effective oversight of compliance with applicable laws and regulations.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The content outlines a regulatory plan for FINRA and 24X to allocate regulatory responsibilities, thereby reducing regulatory duplication for businesses that are members of both organizations. This affects compliance obligations for those businesses, impacting their operational efficiency and costs.