Odaily Planet Daily reports that on March 16, the U.S. Securities and Exchange Commission (SEC) proposed amendments to Rule 15c2-11 of the Exchange Act. This rule establishes information collection and review requirements for broker-dealers that publish or maintain continuous quotation markets in the over-the-counter market. The proposed amendment would explicitly limit the scope of Rule 15c2-11 to equity securities. SEC Chairman Paul S. Atkins stated that regulations should be appropriately tailored to the asset classes they govern, and this proposal aims to clarify regulatory obligations when publishing quotations. The proposal has been published on the SEC’s official website, with a 60-day public comment period beginning on the date of publication in the Federal Register.
SEC Proposes Excluding Crypto Assets from Rule 15c2-11
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Summary
On March 16, the U.S. Securities and Exchange Commission (SEC) proposed revising Rule 15c2-11 to exclude crypto assets from its scope. The rule, which sets information requirements for over-the-counter market quotes, will now apply solely to equity securities. SEC Chair Paul S. Atkins stressed the need for customized regulations for commodities and crypto exchanges. The proposal is now open for a 60-day public comment period following its publication in the Federal Register.
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