Regulations last checked for updates: Nov 25, 2024

Title 17 - Commodity and Securities Exchanges last revised: Nov 19, 2024
§ 227.403 - Compliance.

(a) Policies and procedures. A funding portal must implement written policies and procedures reasonably designed to achieve compliance with the federal securities laws and the rules and regulations thereunder relating to its business as a funding portal.

(b) Privacy. A funding portal must comply with the requirements of part 248 of this chapter as they apply to brokers.

(c) Inspections and examinations. A funding portal shall permit the examination and inspection of all of its business and business operations that relate to its activities as a funding portal, such as its premises, systems, platforms, and records by representatives of the Commission and of the registered national securities association of which it is a member.

authority: 15 U.S.C. 77d,77d,77s,77z,78c,78o,78q,78w,78mm,and. L. 112-106, secs. 301-305, 126 Stat. 306 (2012)
source: 80 FR 71537, Nov. 16, 2015, unless otherwise noted.
cite as: 17 CFR 227.403