Regulatory Alerts2024-02-29 | 2024-02837Added
Further Definition of As a Part of a Regular Business in the Definition of Dealer and Government Securities Dealer in Connection With Certain Liquidity Providers
The Securities and Exchange Commission adopted final rules to further define the phrase 'as a part of a regular business' within the statutory definitions of 'dealer' and 'government securities dealer' under the Securities Exchange Act of 1934. These new regulations establish qualitative and quantitative standards to ensure that market participants providing significant liquidity are appropriately registered and regulated, thereby promoting market stability and investor protection. The rules include specific exclusions for entities with less than $50 million in assets, registered investment companies, and official sector participants, with an effective date of April 29, 2024.
Topics
Share