Regulatory amendment expands Board authority to set settlement terms and prescribe additional regulatory matters under securities law. Insertion of two clauses into the regulatory provision empowers the Board to determine terms for settlement of proceedings under the statutory settlement mechanism and authorises regulations to specify any other matters required or permitted to be prescribed, thereby centralising settlement-term authority in the Board and preserving broad rulemaking scope for ancillary regulatory matters under the securities contracts framework.
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Provisions expressly mentioned in the judgment/order text.
Regulatory amendment expands Board authority to set settlement terms and prescribe additional regulatory matters under securities law.
Insertion of two clauses into the regulatory provision empowers the Board to determine terms for settlement of proceedings under the statutory settlement mechanism and authorises regulations to specify any other matters required or permitted to be prescribed, thereby centralising settlement-term authority in the Board and preserving broad rulemaking scope for ancillary regulatory matters under the securities contracts framework.
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