SIE practice questionmediumRulemaking Process
How does an SRO propose a new rule?
- AIt must be submitted to the SEC for public comment and approval✓ Correct answer
- BBy posting it on its website immediately
- CBy requesting a vote from its members
- DBy approval from the U.S. Congress
Explanation
Why A — It must be submitted to the SEC for public comment and approval
SROs must submit new rules to the SEC, which reviews and invites public comment before approval.
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