Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.


Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

SEC chairman weighs in on role of guidance

Joe Mont | September 13, 2018

Reacting, in part, to a recent statement by banking regulators regarding the role of guidance in their regulatory regimes, Securities and Exchange Commission Chairman Jay Clayton has clarified his own views on the topic.

When promulgating rules and regulations, the Commission’s staff frequently make their views known through a variety of communications, including written statements, compliance guides, letters, speeches, responses to frequently asked questions and responses to specific requests for assistance, Clayton explained. 

“The staff often addresses specific questions from particular SEC-regulated institutions or other stakeholders about Commission rules or regulations and how those rules or regulations may apply to a particular entity’s specific facts...

Read this single article for $49, or click the subscribe button below to review subscription options.

Enjoy unlimited access to thousands of articles, browse five years of digital magazines, qualify for reduced admission to events, and more.