Regulatory Alerts2021-05-25
Executed Rules May 24 2021
The Securities and Exchange Commission (SEC) has announced amendments to Rule 45, sections (1) and (2), which concern registrable functions. These amendments include the expansion of sub-brokers to include Corporate, Individual, and Digital categories, as well as adding Robo Advisers to the list of Investment Advisers. Furthermore, the amendments incorporate Crowdfunding Intermediaries and Central Counterparty Clearing Members to the list of qualified entities for application, aiming to modernize and broaden the scope of registered functions within the capital market.