Securities and Exchange Commission:
Amendment to Rule Filing Requirements for Self-Regulatory Organizations Regarding New Derivative Securities Products
OGC-99-29, Jan 5, 1999
Pursuant to a legislative requirement, GAO reviewed the Securities and Exchange Commission's (SEC) new rule on filing requirements for self-regulatory organizations (SRO) regarding derivative securities products. GAO noted that: (1) the new rule would permit a SRO to list and trade new derivative securities products pursuant to existing self-regulatory organization trading rules; and (2) SEC complied with applicable requirements in promulgating the rule.