Paul S. Atkins announced at a futures industry conference in Boca Raton, Florida, that the SEC will introduce a coordination page with the CFTC. This platform will facilitate joint communication between companies and staff from both agencies when launching products or seeking regulatory guidance. Additionally, the SEC plans to hold joint meetings for new product applications to expedite approvals. Atkins emphasized the need for enhanced inter-agency clarity on the regulatory nature of event contracts in prediction markets and discussed leveraging cross-margin mechanisms to unlock liquidity in dispersed accounts within the derivatives market.
SEC to Launch Coordination Page with CFTC for Joint Regulatory Guidance
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