By: Hector Santola
Navigating the U.S. regulatory landscape is a formidable challenge for foreign financial institutions (FFIs) aiming to access the U.S. investment market. Marco Polo Exchange (MPX) has established itself as a beacon in this field, offering unparalleled 15a-6 chaperoning services through its innovative regulatory technology platform, Passport, under its registered broker-dealer affiliate, Marco Polo Securities, Inc. This platform streamlines compliance processes and provides a strategic advantage to foreign securities firms looking to expand their footprint in the United States.
The Importance of SEC Rule 15a-6
SEC Rule 15a-6, formulated under the Securities Exchange Act of 1934, is foundational for foreign financial firms interested in accessing the U.S. buy-side. It delineates the legal framework that allows them to engage with U.S. institutional investors without the necessity for a full-fledged U.S. broker-dealer registration under the auspices of a chaperoning U.S. broker-dealer.
A 15a-6 chaperone serves as an intermediary, enabling foreign securities firms to legally and effectively engage with U.S. markets without having to obtain their own U.S. broker-dealer license. This can provide major time and cost savings for FFIs, as registering their own U.S. broker-dealer license can take up to a year or more, and the costs can be in the millions of dollars to obtain and maintain.
By ensuring compliance with U.S. regulations, MPX enables FFIs to expand their market reach and tap into the lucrative U.S. institutional investor base.
Marco Polo Exchange: A Leader in Reg-Tech Chaperoning
MPX is a provider of 15a-6 chaperoning services with its state-of-the-art Passport platform. MPX Passport leverages cutting-edge technology to offer a seamless and intuitive user interface that empowers sales teams, compliance officers, and executives to make informed decisions that align with their business objectives and regulatory requirements. It provides detailed, real-time insights into U.S. market activities, ensuring that FFIs operate within the legal framework efficiently and effectively. Chaperoning services are provided by Marco Polo Securities, Inc., the U.S. broker-dealer affiliate of MPX.
Reaching out to Will Carlson, Director at Marco Polo Exchange, provided further insight into the innovative strides the company has made in the regulatory technology space. “At MPX, we’ve built Passport to not just comply with the complexities of U.S. regulations but to fundamentally change how foreign institutions perceive and interact with U.S. markets,” Carlson explains. “Our technology is designed to ensure seamless operations, allowing our clients to focus on their core business activities while we handle the intricacies of regulatory compliance.”
As the global financial market continues to integrate, there is a need for sophisticated, compliant, and efficient tools for cross-border finance. Marco Polo Exchange is at the forefront of this evolution, offering FFIs a pathway into the U.S. market through its innovative Passport platform. This platform does more than simplify compliance; it reshapes how FFIs approach the U.S. market, providing them with a strategic edge in a competitive landscape.
FFIs interested in expanding their U.S. operations or seeking detailed information on MPX’s 15a-6 chaperoning services are encouraged to contact Marco Polo Exchange directly for a consultation and demonstration of the Passport platform.
Published by: Martin De Juan
