Delegation of Authority to the Director of the Division of Market Regulation
SEC · final-rule · Published 2004-02-24 · 69 FR 8329
Document
Document number
04-3881
Federal Register citation
69 FR 8329
CFR reference
17 CFR 200
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US Securities and Exchange Commission
Publication date
2004-02-24
Docket
Release No. 34-49259
Abstract
The Securities and Exchange Commission ("Commission") is amending its Rules of Practice to delegate its authority to the Director of the Division of Market Regulation to grant or deny exemptions from the rule filing requirements of section 19(b) of the Securities Exchange Act of 1934 ("Exchange Act") pursuant to section 36 of the Exchange Act, in cases of a self-regulatory organization ("SRO") incorporating by reference the rules of another SRO. The delegation of authority is intended to conserve Commission resources by permitting the staff to review and act on exemptive applications under section 36 when appropriate.