Atkins states updating federal regulations to reflect the 2006 court mandate is long overdue.
“The court’s mandate has been clear since 2006, and updating the Code of Federal Regulations to reflect this outcome is long overdue.”
Atkins says aligning regulations with the court's vacatur reaffirms commitment to sound regulatory principles.
“which bring our regulations into alignment with the Federal court’s vacatur of both the 75% requirement and the independent chair requirement. These amendments are a necessary step to reaffirm our commitment to sound regulatory principles.”
Atkins invites industry input on modifying SEC rules to accommodate vaults and onchain lending innovations.
“We welcome your thoughts on whether we need to modify our rules to accommodate vaults, onchain lending, or other innovations and how we can do so while still ensuring that investors are protected, markets are fair, orderly, and efficient, and capital formation is facilitated.”