Fostering Regulatory Harmony Between the SEC and CFTC
· Paul S. Atkins, Chair of the U.S. Securities and Exchange Commission (United States)
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PS · Paul S. Atkins · U.S. Securities and Exchange Commission WikiFostering Regulatory Harmony Between the SEC and CFTCContextSpeech by Paul S. Atkins, Chair of the U.S. Securities and Exchange Commission.
Why it mattersExplains the plan to end duplication between the two US market regulators, the SEC and the CFTC.
Problems raised- SEC and CFTC rules duplicate each other.
- Firms face conflicting answers from two regulators.
- Turf wars give no benefit to investors.
Solutions proposed- Harmonise rules and definitions between the agencies.
- Coordinate exemptive relief and exam planning.
- Sign an updated memorandum of understanding.
Read full speech on sec.gov ↗More from Paul S. Atkins · U.S. Securities and Exchange Commission · all speeches
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