CFA Institute is a SRB and not SRO. Can some one please explain why it is not a SRO?
SRB don’t have regulator power; is that the only difference between SRO and SRB ?
EashwaraAdvanced
Regulations-Economics
Share
Self regulatory bodies (SRB) – private organizations that derive their authority from members who agree to comply with rules/standards. They do not have force of the law, however. CFAI would be a good example.
Self regulatory organization (SRO) – Government or agency gives enforcement power and recognition. However it’s funded independently. Good example would be Ontario Securities Commission in Canada.