Introduction to Self-Regulatory Organizations (SROs)-Powerpoint Presentations

ourse Outline: Self-Regulatory Organizations (SROs)

Module 1: Introduction to Self-Regulatory Organizations (SROs)

• Overview of SROs
  • Definition of SROs
  • Role and Purpose of SROs in Financial Markets
  • Historical Evolution of SROs
• Key Characteristics of SROs
  • Autonomy and Independence
  • Regulatory Functions vs. Government Regulations
  • Advantages and Disadvantages of SROs
• Examples of SROs
  • Financial Industry Regulatory Authority (FINRA)
  • National Futures Association (NFA)
  • The New York Stock Exchange (NYSE)

Module 2: Structure and Governance of SROs

• Organizational Structure of SROs
  • Governance Framework
  • Board of Directors and Committees
  • Role of Stakeholders in SRO Governance
• Self-Governance and Accountability
  • Internal Rules and Regulations
  • Code of Ethics and Professional Conduct
  • Decision-Making Processes within SROs
• SRO vs. Government Regulators
  • Comparison of Roles with SEC, CFTC, and Other Government Bodies
  • Collaboration and Oversight Mechanisms

Module 3: Regulatory Powers and Functions of SROs

• Regulatory Responsibilities
  • Market Surveillance and Monitoring
  • Rulemaking and Enforcement
  • Compliance and Auditing
• Disciplinary Powers
  • Enforcement of Rules and Sanctions
  • Dispute Resolution Mechanisms
  • Member Discipline and Penalties
• Licensing and Certification
  • Standards for Member Qualification
  • Certification and Licensing Requirements
  • Ongoing Education and Professional Development

Module 4: SROs in Different Industries

• SROs in Financial Markets
  • Role of SROs in Stock Exchanges, Brokerage Firms, and Investment Companies
  • SROs in Futures and Derivatives Markets
  • International SROs (e.g., IIROC, ASIC)
• SROs in Other Sectors
  • SROs in Legal and Medical Professions
  • Self-Regulation in Media and Advertising
  • SROs in Technology and Data Privacy (e.g., IAB)

Module 5: Legal and Regulatory Framework of SROs

• Legislative Basis for SROs
  • Securities Exchange Act of 1934
  • Commodity Exchange Act
  • Other Relevant Laws and Regulations
• Oversight of SROs
  • Governmental Oversight by the SEC, CFTC, and Other Regulators
  • Public Accountability and Transparency
  • Limitations and Challenges in SRO Oversight

Module 6: Benefits and Criticisms of SROs

• Benefits of Self-Regulation
  • Industry Expertise and Responsiveness
  • Cost-Effectiveness and Efficiency
  • Flexibility in Regulatory Frameworks
• Criticisms and Challenges
  • Potential Conflicts of Interest
  • Inadequate Enforcement and Accountability
  • Risk of Regulatory Capture
• Case Studies of SRO Failures and Reforms
  • Analysis of Notable Failures in SROs (e.g., Madoff Scandal)
  • Reforms and Improvements in SRO Functioning

Module 7: The Future of SROs

• Current Trends and Developments
  • Technological Innovations in Market Surveillance
  • Globalization and Cross-Border Regulatory Challenges
  • Impact of Fintech and Digital Currencies on SROs
• The Future of Self-Regulation
  • Emerging SRO Models in New Industries
  • SROs and Cybersecurity
  • Evolving Relationship Between Government and SROs