SEC Chair Atkins Delivers Speech: Promotes Regulatory Streamlining, Supports Innovation Exemptions for Equity Tokenization

robot
Abstract generation in progress

Deep Tide TechFlow News, March 12 — According to the SEC official website, U.S. Securities and Exchange Commission (SEC) Chairman Paul S. Atkins delivered a speech at the Annual Investor Advisory Committee Meeting on March 12, focusing on three main topics.

First, reducing unnecessary disclosure burdens by promoting the “minimum effective regulation” principle, emphasizing that rules should be centered on materiality and flexibly adjusted based on company size; also suggesting extending the applicability period of the “IPO Fast Track” under the JOBS Act to encourage more small and medium-sized enterprises to go public.

Second, opposing SEC’s indirect intervention in corporate governance through “compliance or explanation” disclosure requirements, considering such “shaming regulation” beyond SEC authority, and asserting that governance decisions should be made by shareholders and boards themselves.

Third, regarding the tokenization of equity securities, stating that tokenization can improve settlement efficiency, reduce settlement risks, and cut out intermediaries. The SEC also hinted at considering the introduction of innovative exemption mechanisms to support limited trading of certain tokenized securities and to gather experience for developing a long-term regulatory framework.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin