Bankowość centralna · 26/12/2006
SEC and Federal Reserve Jointly Issue Proposal to Exempt Banks from Broker Definition
The Securities and Exchange Commission (SEC) and the Federal Reserve jointly issued a proposal to implement exceptions for banks from the definition of a 'broker' under the Securities Exchange Act of 1934, seeking public comment on the proposed rules. The goal is to simplify compliance for banks with the Gramm-Leach-Bliley Act.