🏦Harmonizing NYSE Texas Rule 11.3110 with FINRA Inspection Requirements
Self-Regulatory Organizations; NYSE Texas, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Harmonize NYSE Texas Rule 11.3110 With FINRA Rule 3110
Summary
The SEC has published a notice regarding a proposed rule change by NYSE Texas to align its inspection regulations with FINRA’s rules. This change introduces a voluntary remote inspection program and outlines specific criteria for conducting inspections and classifying residential supervisory locations, aiming to enhance operational efficiency and regulatory compliance across firms.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change allows NYSE Texas firms to participate in remote inspections under FINRA’s Pilot Program, which impacts compliance and operational efficiencies. Firms must align their supervisory processes with new regulations affecting inspection frequencies and requirements, creating potential cost and resource implications for compliance efforts.