United States:
FINRA Requests Comment On FinTech Innovation
06 August 2018
Cadwalader, Wickersham & Taft LLP
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FINRA is seeking comments on "rules or
administrative processes [that] could be modified to better support
fintech innovation without adversely affecting investor protection
or market integrity." Specifically, FINRA is requesting comments from market participants
and the broader public on three topics: (i) the provision of data
aggregation services for investors, (ii) supervisory processes
regarding the use of artificial intelligence and (iii) the
development of a taxonomy-based, machine-readable rulebook.
Comments must be received by October 12, 2018.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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