এসই_securities and Exchange Commission has amended its quorum rules so that a single commissioner can now constitute a quorum for certain matters. This change follows the resignations of Democratic commissioners Hester Peirce, Jaime Lizárraga, and Caroline Crenshaw, leaving only two Republican commissioners — Chair Paul Atkins and Mark Uyeda — in office. The SEC modified 17 CFR 200.41 to allow one commissioner to form a quorum when the other is disqualified or absent, effectively enabling the remaining two to pass rules unilaterally.
While the Securities Exchange Act of 1934 does not specify quorum requirements, the SEC had previously required three commissioners for a quorum since 1995, with a fallback to two if fewer were present. The new rule removes even that safeguard, raising concerns about transparency and dissent in financial regulation. Peirce, known for her thoughtful dissents under Chair Gary Gensler, had been a key voice for minority perspectives.
Her departure, alongside the lack of Democratic replacements, marks the first time the SEC has no minority commissioners since 2008. The SEC claims the change is procedural and not a substantive rule, thus exempt from standard review.
উৎস: Financial Times Markets · সারাংশ: HeadlinesBriefing