The Securities and Exchange Commission (SEC) has made amendments to its rules to modernize and make more efficient the delegation of authority to its staff. These changes involve updating responsibilities and delegating tasks such as updating taxonomies for structured data, managing security-based swap authority, and regulating municipal securities. Additionally, the SEC is eliminating some outdated delegations and shifting responsibilities within its divisions to improve resource management and operational efficiency. Importantly, these adjustments aim to streamline internal operations without significantly affecting the rights of non-agency parties.
Simple Explanation
The SEC is making some changes to how their team does their work so that everything goes a bit faster and uses less energy, like making sure each person has just the right job. This means they're stopping some old ways of doing things and letting different groups handle new stuff, but all without making things unfair for anyone else.