The Miami International Securities Exchange (MIAX) has proposed changes to its rules to align with those of the Financial Industry Regulatory Authority (FINRA). These amendments would streamline and harmonize inspection and supervisory standards for branch offices and other locations, including integrating remote inspections and the Residential Supervisory Location (RSL) classification. These changes are expected to promote efficiency and uniformity in regulatory compliance for members who are part of both the Exchange and FINRA. The Securities and Exchange Commission (SEC) has been informed of these proposals and is seeking public feedback.
Simple Explanation
The Miami International Securities Exchange wants to make sure its rules match those of a big group that helps keep financial businesses fair. This will make it easier for companies to follow the rules when checking the work done in their offices, even if people work from home.