📈Proposed Changes to Exchange Rule 1308 on Supervisory Controls
Self-Regulatory Organizations; Miami International Securities Exchange, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Exchange Rule 1308, Supervision of Accounts
Summary
The Securities and Exchange Commission has published a notice regarding a proposed rule change by the Miami International Securities Exchange. The amendment to Exchange Rule 1308 seeks to update the supervision of accounts, aligning annual reporting requirements with those of FINRA and NYSE, thereby enhancing compliance flexibility for Members while maintaining oversight effectiveness.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The regulatory text outlines changes to the supervision and annual reporting requirements for Members of the Miami International Securities Exchange, which align them with industry standards set by FINRA and NYSE. This alignment allows for greater flexibility in compliance, reducing the administrative burden on businesses, and potentially impacting their operational efficiency.