Each month, we publish the Securities Operations Regulatory Update (SORU)
as part of our Regulatory Compliance Service.
The SORU is the premier monthly guide to pending regulatory changes relevant to securities operations. Within it you will find updates on key regulatory issues important to securities operations professionals, helpful synopses to better understand reasoning and implications behind new legislation and regulatory changes, and access to critical information regarding impacts to your compliance programs and regulatory requirements.
This month’s Securities Operations Regulatory Update has a few surprises in it. First, the long awaited SEC version of the DOL Rule has been published and we provide a high-level outline of it for your convenience. Another surprise is the lack, yes the lack, of notable enforcement cases in the operational area over the past month. We provide our educated guess why that might be the case but provide a warning as well. Finally, the SEC has extended timeframes for its action on several fronts.