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9.3 Streamlined Self Regulatory Organization Rulemaking

<< Title IX Overview

9.3 Streamlined Self Regulatory Organization Rulemaking

 

 


9.3.       Streamlined Self Regulatory Organization Rulemaking.  The Act seeks to speed up the regulatory process by  requiring the SEC to act on Self Regulatory Organization rule proposals within 45 days, either approving or instituting procedures to determine whether the proposal should be disapproved, or if the SEC fails to act, the rule proposal will be deemed to have been approved, subject to certain exceptions. [§916]