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Gary Gensler, chairman of the Securities and Change Fee, stated Thursday that the company shouldn’t be planning additional adjustments to Regulation Greatest Curiosity.
When requested by ThinkAdvisor if the company can be making any adjustments to Reg BI, Gensler advised reporters in the course of the Funding Adviser Affiliation’s compliance convention, held in Washington, that the SEC has “been inspecting for and implementing in opposition to” Reg BI, however the company does “not have it on our agenda.”
Gensler added: “At this juncture, what we’re doing is inspecting in opposition to [the rule], and in some circumstances bringing enforcement actions, however it’s not a part of our regulatory agenda to replace” Reg BI.
In follow-up remarks on Reg BI, Gensler said that whereas the company doesn’t plan to replace Reg BI, “we proposed one thing about conflicts and using coated know-how, information analytics, on this regard,” referring to the company’s predictive information analytics rule.
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