Regulatory Alerts2022-01-01
Securities Industry (Self-Regulatory Organizations) Guidelines 2022
The Securities and Exchange Commission issued these Guidelines to establish the recognition, governance, and operational framework for Self-Regulatory Organizations within the securities industry. The document mandates that SROs meet specific financial, structural, and fit-and-proper criteria while maintaining a governing body with independent members and clearly defined officer tenures. It further requires SROs to submit regular financial and operational returns, comply with Commission directives and inspections, and exercise disciplinary powers over their members under standardized rules.
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