Regulatory Agenda Semiannual Regulatory Agenda
December 7, 2009 (Volume 74, Number 233)
Unified Agenda
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
DOCID: f:ua091221.wais
Page 64576-64583
Securities and Exchange Commission
Part XXI
Semiannual Regulatory Agenda
Page 64576
SECURITIES AND EXCHANGE COMMISSION (SEC)
SECURITIES AND EXCHANGE COMMISSION 17 CFR Ch. II
Release Nos. 33-9082, 34-60955, IA-2947, IC-28992, File No. S7-26-09
Regulatory Flexibility Agenda
AGENCY: Securities and Exchange Commission.
ACTION: Semiannual regulatory agenda.
SUMMARY: The Securities and Exchange Commission is publishing an agenda of its rulemaking actions pursuant to the Regulatory Flexibility Act
(RFA) (Pub. L. No. 96-354, 94 Stat. 1164) (Sep. 19, 1980). Information in the agenda was accurate on November 6, 2009, the day on which the
Commission's staff completed compilation of the data. To the extent possible, rulemaking actions by the Commission since that date have been reflected in the agenda. The Commission invites questions and public comment on the agenda and on the individual agenda entries.
The Commission is now printing in the Federal Register, along with our preamble, only those agenda entries for which we have indicated that preparation of a Regulatory Flexibility Act analysis is required.
The Commission's complete RFA agenda will be available online at www.reginfo.gov.
DATES: Comments should be received on or before December 31, 2009.
ADDRESSES: Comments may be submitted by any of the following methods:
Electronic comments:
Use the Commission's Internet comment form (http:// www.sec.gov/rules/other.shtml); or
Send an e-mail to rule-comments@sec.gov. Please include File
Number S7-26-09 on the subject line; or
Use the Federal eRulemaking Portal (http:// www.regulations.gov). Follow the instructions for submitting comments.
Paper comments:
Send paper comments in triplicate to Elizabeth M. Murphy,
Secretary, Securities and Exchange Commission, 100 F Street NE.,
Washington, DC 20549-1090.
All submissions should refer to File No. S7-26-09. This file number should be included on the subject line if e-mail is used. To help us process and review your comments more efficiently, please use only one method. The Commission will post all comments on the
Commission's Internet Web site (http://www.sec.gov/rules/ other.shtml). Comments are also available for public inspection and copying in the Commission's Public Reference Room, 100 F Street
NE., Washington, DC 20549, on official business days between the hours of 10:00 a.m. and 3:00 p.m. All comments received will be posted without change; we do not edit personal identifying information from submissions. You should submit only information that you wish to make available publicly.
FOR FURTHER INFORMATION CONTACT: Anne Sullivan, Office of the General
Counsel, 202-551-5019.
SUPPLEMENTARY INFORMATION: The RFA requires each Federal agency, during
April and October of each year, to publish in the Federal Register an agenda identifying rules that the agency expects to consider in the next 12 months that are likely to have a significant economic impact on a substantial number of small entities (5 U.S.C. 602(a)). The RFA specifically provides that publication of the agenda does not preclude an agency from considering or acting on any matter not included in the agenda and that an agency is not required to consider or act on any matter that is included in the agenda (5 U.S.C. 602(d)). Actions that do not have an estimated date are placed in the long-term category; the
Commission may nevertheless act on items in that category within the next 12 months. The agenda includes new entries, entries carried over from prior publications, and rulemaking actions that have been completed (or withdrawn) since publication of the last agenda.
The following abbreviations for the acts administered by the
Commission are used in the agenda:
``Securities Act''--Securities Act of 1933
``Exchange Act''--Securities Exchange Act of 1934
``Investment Company Act''--Investment Company Act of 1940
``Investment Advisers Act''--Investment Advisers Act of 1940
The Commission invites public comment on the agenda and on the individual agenda entries.
By the Commission.
Dated: November 6, 2009.
Elizabeth M. Murphy,
Secretary.
DIVISION OF CORPORATION FINANCE--Proposed Rule Stage
Regulation
Sequence
Title
Identifier
Number
Number
578
Revisions to Regulation D............................................................. 3235-AK52
DIVISION OF CORPORATION FINANCE--Final Rule Stage
Regulation
Sequence
Title
Identifier
Number
Number
579
Proxy Disclosure and Solicitation Enhancements........................................ 3235-AK28 580
Amendments to Rules Requiring Internet Availability of Proxy Materials................ 3235-AK25
Page 64577
DIVISION OF CORPORATION FINANCE--Completed Actions
Regulation
Sequence
Title
Identifier
Number
Number
581
Revisions of Limited Offering Exemptions in Regulation D.............................. 3235-AJ88 582
Proxy Disclosure Regarding Executive Compensation and Related Party Transactions...... 3235-AI80
DIVISION OF INVESTMENT MANAGEMENT--Proposed Rule Stage
Regulation
Sequence
Title
Identifier
Number
Number
583
Indexed Annuities and Certain Other Insurance Contracts............................... 3235-AK49
DIVISION OF INVESTMENT MANAGEMENT--Final Rule Stage
Regulation
Sequence
Title
Identifier
Number
Number
584
Amendments to Form ADV................................................................ 3235-AI17 585
Temporary Rule Regarding Principal Trades With Certain Advisory Clients............... 3235-AJ96 586
Interagency Proposal for Model Privacy Form Under the Gramm-Leach-Bliley Act.......... 3235-AJ06
DIVISION OF INVESTMENT MANAGEMENT--Completed Actions
Regulation
Sequence
Title
Identifier
Number
Number
587
Political Contributions by Certain Investment Advisers................................ 3235-AH72 588
Regulation S-AM: Limitations on Affiliate Marketing................................... 3235-AJ24
DIVISION OF TRADING AND MARKETS--Proposed Rule Stage
Regulation
Sequence
Title
Identifier
Number
Number
589
Publication or Submission of Quotations Without Specified Information................. 3235-AH40
DIVISION OF TRADING AND MARKETS--Final Rule Stage
Regulation
Sequence
Title
Identifier
Number
Number
590
Proposed Amendment to Municipal Securities Disclosure................................. 3235-AJ66 591
Nationally Recognized Statistical Rating Organizations................................ 3235-AK14
DIVISION OF TRADING AND MARKETS--Long-Term Actions
Regulation
Sequence
Title
Identifier
Number
Number
592
Rule 15c2-2: Confirmation of Transactions in Open-End Management Investment Company
3235-AJ11
Shares, Unit Investment Trust Interests, and Municipal Fund Securities Used for
Education Savings..................................................................... 593
Rule 15c2-3: Point-of-Sale Disclosure of Purchases in Open-End Management Investment
3235-AJ12
Company Shares, Unit Investment Trust Interests, and Municipal Fund Securities Used for Education Savings................................................................. 594
Rule 15c-100: Schedule 15C............................................................ 3235-AJ13 595
Rule 15c-101: Schedule 15D............................................................ 3235-AJ14
Page 64578
596
Processing of Reorganization Events, Tender Offers, and Exchange Offers............... 3235-AH53
DIVISION OF TRADING AND MARKETS--Completed Actions
Regulation
Sequence
Title
Identifier
Number
Number
597
Amendments to Regulation SHO.......................................................... 3235-AK22
Securities and Exchange Commission (SEC)
Proposed Rule Stage
Division of Corporation Finance
-
REVISIONS TO REGULATION D
Legal Authority: 15 USC 77b(a0(15); 15 USC 77b(b); 15 USC 77d; 15 USC 77r; 15 USC 77s; 15 USC 77s(a); 15 USC 77z-3
Abstract: The Division is considering recommending that the Commission propose revisions to Regulation D, including, among other things, revisions to the accredited investor eligibility standards.
Timetable:
Action
Date
FR Cite
NPRM
09/00/10
Regulatory Flexibility Analysis Required: Yes
Agency Contact: Anthony G. Barone, Division of Corporation Finance,
Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549
Phone: 202 551-3460
RIN: 3235-AK52
Securities and Exchange Commission (SEC)
Final Rule Stage
Division of Corporation Finance
-
PROXY DISCLOSURE AND SOLICITATION ENHANCEMENTS
Legal Authority: 15 USC 78n
Abstract: The Commission proposed amendments to enhance disclosure in the proxy statement, including information about directors.
Timetable:
Action
Date
FR Cite
NPRM
07/17/09
74 FR 35976
NPRM Comment Period End
09/15/09
Final Action
12/00/09
Regulatory Flexibility Analysis Required: Yes
Agency Contact: Sean Harrison, Division of Corporation Finance,
Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549
Phone: 202 551-3430
Email: harrisons@sec.gov
RIN: 3235-AK28
-
AMENDMENTS TO RULES REQUIRING INTERNET AVAILABILITY OF PROXY
MATERIALS
Legal Authority: 15 USC 78c(b); 15 USC 78j; 15 USC 78m; 15 USC 78n; 15
USC 78o; 15 USC 78w(a); 15 USC 78mm; 15 USC 80a-20; 15 USC 80a-29; 15
USC 80a-37
Abstract: The Commission proposed revisions to the notice and access model for providing proxy materials to shareholders electronically.
Timetable:
Action
Date
FR Cite
NPRM
10/21/09
74 FR 53954
NPRM Comment Period End
11/20/09
Final Action
12/00/09
Regulatory Flexibility Analysis Required: Yes
Agency Contact: Steven Hearne, Division of Corporation Finance,
Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549
Phone: 202 551-3430
RIN: 3235-AK25
Page 64579
Securities and Exchange Commission (SEC)
Completed Actions
Division of Corporation Finance
-
REVISIONS OF LIMITED OFFERING EXEMPTIONS IN REGULATION D
Legal Authority: 15 USC 77b(a)(15); 15 USC 77b(b); 15 USC 77c(b); 15
USC 77d; 15 USC 77r; 15 USC 77s; 15 USC 77s(a); 15 USC 77z-3
Abstract: The Commission is withdrawing this item because of the passage of time since the Notice of Proposed Rulemaking, but see RIN 3235-AK52.
Timetable:
Action
Date
FR Cite
NPRM
08/10/07
72 FR 45116
NPRM Comment Period End
10/09/07
Withdrawn
10/01/09
Regulatory Flexibility Analysis Required: Yes
Agency Contact: Anthony G. Barone, Division of Corporation Finance,
Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549
Phone: 202 551-3460
RIN: 3235-AJ88
-
PROXY DISCLOSURE REGARDING EXECUTIVE COMPENSATION AND RELATED PARTY
TRANSACTIONS
Legal Authority: 15 USC 77a et seq; 15 USC 78a et seq; 15 USC 80a et seq
Abstract: The Commission is withdrawing this item from the Agenda because the topic is partially addressed in item 3235-AK28 and because it does not expect to consider this item within the next 12 months, but the Commission may consider the item at a future date.
Timetable:
Action
Date
FR Cite
NPRM
02/08/06
71 FR 6542
NPRM Comment Period End
04/10/06
Final Rule
09/08/06
71 FR 53158
Final Rule Effective
11/07/06
Second NPRM
09/08/06
71 FR 53267
Second NPRM Comment Period End 10/23/06
Interim Final Rule
12/29/06
71 FR 78338
Interim Final Rule Effective 12/29/06
Interim Final Rule Comment
Period End
01/29/07
Withdrawn
10/01/09
Regulatory Flexibility Analysis Required: Yes
Agency Contact: Anne Krauskopf, Division of Corporation Finance,
Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549
Phone: 202 551-3500
RIN: 3235-AI80
Securities and Exchange Commission (SEC)
Proposed Rule Stage
Division of Investment Management
-
INDEXED ANNUITIES AND CERTAIN OTHER INSURANCE
CONTRACTS
Legal Authority: 15 USC 77c(a)(8); 15 USC 77s(a); 15 USC 78l(h); 15 USC 78o; 15 USC 78w(a); 15 USC 78mm
Abstract: A Federal appeals court issued an opinion on July 21, 2009, remanding SEC Rule 151A. A party has petitioned the court for panel rehearing, and that petition is currently pending. The Commission staff is evaluating what recommendation to make to the Commission on how to respond to the court's decision.
Timetable:
Action
Date
FR Cite
Action
10/00/10
Regulatory Flexibility Analysis Required: Yes
Agency Contact: Michael Kosoff, Division of Investment Management,
Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549
Phone: 202 551-6754
Fax: 202 772-9285
Email: kosoffm@sec.gov
RIN: 3235-AK49
Securities and Exchange Commission (SEC)
Final Rule Stage
Division of Investment Management
-
AMENDMENTS TO FORM ADV
Legal Authority: 15 USC 80b-4, 80b-6(4), 80b-ll(a), 80b-3(c)(1); 15 USC 77s(a); 15 USC 78(wa), 78bb(e)(2); 15 USC 77sss(a); 15 USC 78a-37(a)
Abstract: The Commission proposed amendments to Form ADV part 2 to require registered investment advisers to deliver to clients and prospective clients a brochure written in plain English.
The amendments are designed to require advisers to provide clients and prospective clients with clear, current, and more meaningful disclosure of the business practices, conflicts of interest, and background of investment advisers and their advisory personnel. Under the proposal, advisers would file their brochures with the Commission electronically, and the brochures would be available to the public through the
Commission's Web site.
Timetable:
Action
Date
FR Cite
NPRM
04/17/00
65 FR 20524
NPRM Comment Period End
06/03/00
Second NPRM
03/14/08
73 FR 13958
Second NPRM Comment Period End 05/16/08
Final Action
02/00/10
Regulatory Flexibility Analysis Required: Yes
Agency Contact: Sarah Ten Siethoff, Division of Investment Management,
Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549
Phone: 202 551-6729
Email: tensiethoffs@sec.gov
RIN: 3235-AI17
Page 64580
-
TEMPORARY RULE REGARDING PRINCIPAL TRADES WITH CERTAIN ADVISORY
CLIENTS
Legal Authority: 15 USC 80b-6a; 15 USC 80b-11(a)
Abstract: The Commission adopted an interim final temporary rule that will expire on December 31, 2009, to provide an alternative means for investment advisers who are registered with the Commission as broker- dealers to meet the requirements of section 206(3) of the Investment
Advisers Act when acting in a principal capacity in transactions with certain of their advisory clients.
As contemplated in the temporary rule release, the Division has been assessing the operation of the temporary rule as well as public comment letters.
Timetable:
Action
Date
FR Cite
Interim Final Rule
09/28/07
72 FR 55022
Interim Final Rule Effective 09/30/07
Interim Final Rule Comment
Period End
11/30/07
Interim Final Rule Extension 12/00/09
Regulatory Flexibility Analysis Required: Yes
Agency Contact: Matthew Goldin, Division of Investment Management,
Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549
Phone: 202 551-6726
Fax: 202 772-9284
Email: goldinm@sec.gov
RIN: 3235-AJ96
-
INTERAGENCY PROPOSAL FOR MODEL PRIVACY FORM UNDER THE GRAMM-LEACH-
BLILEY ACT
Legal Authority: 15 USC 6804; 15 USC 78q and 78W; 15 USC 80a-30 and 80a-37; 15 USC 80b-4 and 80b-11
Abstract: The Commission, together with the Federal Reserve Board,
Federal Deposit Insurance Corporation, Federal Trade Commission,
National Credit Union Administration, Office of the Comptroller of the
Currency, Office of Thrift Supervision and Commodity Futures Trading
Commission (the Agencies), requested comment on whether the Agencies should consider amending the regulations that implement the privacy provisions of the Gramm-Leach-Bliley Act (``GLBA'') to allow or require financial institutions to provide alternative types of privacy notices that would be easier for consumers to understand.
Pursuant to the Financial Services Regulatory Relief Act, the Agencies proposed a model form that may be used at the option of financial institutions to comply with disclosures required under the privacy provision of GLBA. The Commission reopened the comment period on the proposed model privacy notice to solicit public comment on data and a report on consumer testing of a revised version of the proposed model privacy form.
Timetable:
Action
Date
FR Cite
ANPRM
12/30/03
68 FR 75165
ANPRM Comment Period End
03/29/04
NPRM
03/29/07
72 FR 14490
NPRM Comment Period End
05/29/07
Second NPRM
04/20/09
74 FR 17925
Second NPRM Comment Period End 05/20/09
Final Action
12/00/09
Regulatory Flexibility Analysis Required: Yes
Agency Contact: Thoreau Adrian Bartmann, Division of Investment
Management, Securities and Exchange Commission, 100 F Street NE,
Washington, DC 20549
Phone: 202 551-6792
Email: bartmannt@sec.gov
RIN: 3235-AJ06
Securities and Exchange Commission (SEC)
Completed Actions
Division of Investment Management
-
POLITICAL CONTRIBUTIONS BY CERTAIN INVESTMENT ADVISERS
Legal Authority: 15 USC 204; 15 USC 206(4); 15 USC 211(a)
Abstract: The Commission is withdrawing this item from the Agenda because the topic is addresssed under RIN 3235-AK39.
Timetable:
Action
Date
FR Cite
NPRM
08/10/99
64 FR 43556
NPRM Comment Period End
11/01/99
Withdrawn
08/07/09
Regulatory Flexibility Analysis Required: Yes
Agency Contact: Daniel Seth Kahl, Division of Investment Management,
Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549
Phone: 202 551-6730
Email: kahld@sec.gov
RIN: 3235-AH72
-
REGULATION S-AM: LIMITATIONS ON AFFILIATE MARKETING
Legal Authority: PL 108-159, 117 Stat 1952, 214, 216
Abstract: In response to the Fair and Accurate Credit Transactions Act of 2003, the Commission adopted amendments to Regulation S-P concerning the disposal of consumer report information and Regulation S-AM, which relates to limitations on affiliate marketing. The Commission initially adopted the disposal amendments, and then adopted proposed Regulation
S-AM.
Timetable:
Action
Date
FR Cite
NPRM
07/14/04
69 FR 42302
NPRM Comment Period End
08/13/04
Second NPRM
09/20/04
69 FR 56304
Second NPRM Comment Period End 10/20/04
Final Rule
12/08/04
69 FR 71322
Final Rule Effective
01/11/05
Second Final Rule
08/11/09
74 FR 40398
Final Rule Effective
09/10/09
Compliance Date Extended
11/12/09
74 FR 58204
Extended Compliance Date
01/01/10
Regulatory Flexibility Analysis Required: Yes
Agency Contact: Thoreau Adrian Bartmann, Division of Investment
Management, Securities and Exchange
Page 64581
Commission, 100 F Street NE, Washington, DC 20549
Phone: 202 551-6792
Email: bartmannt@sec.gov
RIN: 3235-AJ24
Securities and Exchange Commission (SEC)
Proposed Rule Stage
Division of Trading and Markets
-
PUBLICATION OR SUBMISSION OF QUOTATIONS WITHOUT SPECIFIED
INFORMATION
Legal Authority: 15 USC 78c; 15 USC 78j(b); 15 USC 78o(c); 15 USC 78o(g); 15 USC 78q(a); 15 USC 78w(a)
Abstract: As part of its efforts to respond to fraud and manipulation in the microcap securities market, the Commission proposed amendments to Rule 15c2-11. These amendments would limit the rule's piggyback provision and increase public availability of issuer information. The amendments would expand the information review requirements for non- reporting issuers and the documentation required for significant relationships between the broker-dealer and the issuer of the security to be quoted. Finally, the amendments would exclude from the rule securities of larger, more liquid issuers.
Timetable:
Action
Date
FR Cite
NPRM
02/25/98
63 FR 9661
NPRM Comment Period End
04/27/98
Second NPRM
03/08/99
64 FR 11124
Second NPRM Comment Period End 04/07/99
Second NPRM Comment Period
Extended
04/14/99
64 FR 18393
Comment Period End
05/08/99
Supplemental NPRM
09/00/10
Regulatory Flexibility Analysis Required: Yes
Agency Contact: Victoria L. Crane, Division of Trading and Markets,
Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549
Phone: 202 551-5744
Fax: 202 772-9355
Email: cranev@sec.gov
RIN: 3235-AH40
Securities and Exchange Commission (SEC)
Final Rule Stage
Division of Trading and Markets
-
PROPOSED AMENDMENT TO MUNICIPAL SECURITIES DISCLOSURE
Legal Authority: 15 USC 78b; 15 USC 78c(b); 15 USC 78j; 15 USC 78o(c); 15 USC 78o-4; 15 USC 78q; 15 USC 78w(a)(1)
Abstract: The Commission proposed amending Rule 15c2-12 under section 15 of the Exchange Act to improve the system of continuing disclosure previously established by Rule 15c2-12.
Timetable:
Action
Date
FR Cite
NPRM
07/24/09
74 FR 36832
NPRM Comment Period End
09/08/09
Final Action
12/00/09
Regulatory Flexibility Analysis Required: Yes
Agency Contact: Martha Mahan Haines, Division of Trading and Markets,
Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549
Phone: 202 551-5681
Fax: 703 772-9274
Email: hainesm@sec.gov
RIN: 3235-AJ66
-
NATIONALLY RECOGNIZED STATISTICAL RATING ORGANIZATIONS
Legal Authority: 15 USC 78o-7; 15 USC 89q
Abstract: The Commission adopted rule amendments that impose additional requirements on nationally recognized statistical rating organizations
(``NRSROs'') in order to address concerns about the integrity of their credit rating procedures and methodologies in light of the role they played in determining credit ratings for securities collateralized by or linked to subprime residential mortgages.
The Commission simultaneously proposed rule amendments regarding the disclosure of ratings history. The proposed rules include reproposals of certain amendments to Rule 17g-5. The Division is considering recommending that the Commission adopt certain parts of the proposal.
Timetable:
Action
Date
FR Cite
NPRM
06/25/08
73 FR 36212
NPRM Comment Period End
07/25/08
Final Rule
02/09/09
74 FR 6465
Second NPRM
02/09/09
74 FR 6485
Second NPRM Comment Period End 03/26/09
Final Action
12/00/09
Regulatory Flexibility Analysis Required: Yes
Agency Contact: Sheila Swartz, Division of Trading and Markets,
Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549
Phone: 202 551-5545
Fax: 202 772-9273
Email: swarts@sec.gov
RIN: 3235-AK14
Page 64582
Securities and Exchange Commission (SEC)
Long-Term Actions
Division of Trading and Markets
-
RULE 15C2-2: CONFIRMATION OF TRANSACTIONS IN OPEN-END MANAGEMENT
INVESTMENT COMPANY SHARES, UNIT INVESTMENT TRUST INTERESTS, AND
MUNICIPAL FUND SECURITIES USED FOR EDUCATION SAVINGS
Legal Authority: 15 USC 78j; 15 USC 78k; 15 USC 78o; 15 USC 78q; 15 USC 78w(a); 15 USC 78mm
Abstract: The Commission proposed new Rule 15c2-2 under the Exchange
Act, together with accompanying Schedule 15C. The Commission also proposed related amendments to Rule 10b-10. Proposed Rule 15c2-2 and
Schedule 15C would provide for improved confirmation disclosure of distribution costs and conflicts of interest associated with transactions in mutual funds, municipal fund securities, and unit investment trusts. The amendments to Rule 10b-10 in part would reflect the new rule and would provide improved confirmation disclosure about certain callable securities. They also would clarify that the confirmation disclosure requirements do not determine broker-dealer disclosure obligations under other provisions of the law.
Timetable:
Action
Date
FR Cite
NPRM
02/10/04
69 FR 6438
NPRM Comment Period End
04/12/04
NPRM Comment Period Extended 03/04/05
70 FR 10521
NPRM Comment Period End
04/04/05
Next Action Undetermined
Regulatory Flexibility Analysis Required: Yes
Agency Contact: Alicia Goldin, Division of Trading and Markets,
Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549
Phone: 202 551-5618
Fax: 202 772-9270
Email: goldina@sec.gov
RIN: 3235-AJ11
-
RULE 15C2-3: POINT-OF-SALE DISCLOSURE OF PURCHASES IN OPEN-END
MANAGEMENT INVESTMENT COMPANY SHARES, UNIT INVESTMENT TRUST INTERESTS,
AND MUNICIPAL FUND SECURITIES USED FOR EDUCATION SAVINGS
Legal Authority: 15 USC 78j; 15 USC 78k; 15 USC 78o; 15 USC 78q; 15 USC 78w(a); 15 USC 78mm
Abstract: The Commission proposed new Rule 15c2-3 under the Exchange
Act, together with accompanying Schedule 15D. Proposed Rule 15c2-3 and
Schedule 15D would provide for pre-transaction ``point of sale'' disclosure of distribution costs and conflicts of interest associated with transactions in mutual funds, municipal fund securities, and unit investment trusts.
Timetable:
Action
Date
FR Cite
NPRM
02/10/04
69 FR 6438
NPRM Comment Period End
04/12/04
NPRM Comment Period Extended 03/04/05
70 FR 10521
NPRM Comment Period End
04/04/05
Next Action Undetermined
Regulatory Flexibility Analysis Required: Yes
Agency Contact: Alicia Goldin, Division of Trading and Markets,
Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549
Phone: 202 551-5618
Fax: 202 772-9270
Email: goldina@sec.gov
RIN: 3235-AJ12
-
RULE 15C-100: SCHEDULE 15C
Legal Authority: 15 USC 78j; 15 USC 78k; 15 USC 78o; 15 USC 78q; 15 USC 78w(a); 15 USC 78mm
Abstract: The Commission proposed new Schedule 15C and Rules 15c2-2 and 15c2-3 under the Exchange Act, together with accompanying Schedule 15D.
The Commission also proposed related amendments to Rule 10b-10.
Proposed Rules 15c2-2 and 15c2-3 and Schedules 15C and 15D would provide for improved confirmation and pre-transaction ``point of sale'' disclosure of distribution costs and conflicts of interest associated with transactions in mutual funds, municipal fund securities, and unit investment trusts. The amendments to Rule 10b-10 in part would reflect the new rules and would provide improved confirmation disclosure about certain callable securities. They also would clarify that the confirmation disclosure requirements do not determine broker-dealer disclosure obligations under other provisions of the law.
Timetable:
Action
Date
FR Cite
NPRM
02/10/04
69 FR 6438
NPRM Comment Period End
04/12/04
NPRM Comment Period Extended 03/04/05
70 FR 10521
NPRM Comment Period End
04/04/05
Next Action Undetermined
Regulatory Flexibility Analysis Required: Yes
Agency Contact: Alicia Goldin, Division of Trading and Markets,
Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549
Phone: 202 551-5618
Fax: 202 772-9270
Email: goldina@sec.gov
RIN: 3235-AJ13
-
RULE 15C-101: SCHEDULE 15D
Legal Authority: 15 USC 78j; 15 USC 78k; 15 USC 78o; 15 USC 78q; 15 USC 78w(a); 15 USC 78mm
Abstract: The Commission proposed new Rule 15c2-3 under the Exchange
Act, together with accompanying Schedule 15D. Proposed Rule 15c2-3 and
Schedule 15D would provide for pre-transaction ``point of sale'' disclosure of distribution costs and conflicts of interest associated with transactions in mutual funds, municipal fund securities, and unit investment trusts.
Timetable:
Action
Date
FR Cite
NPRM
02/10/04
69 FR 6438
NPRM Comment Period End
04/12/04
NPRM Comment Period Extended 03/04/05
70 FR 10521
NPRM Comment Period End
04/04/05
Next Action Undetermined
Regulatory Flexibility Analysis Required: Yes
Agency Contact: Alicia Goldin, Division of Trading and Markets,
Page 64583
Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549
Phone: 202 551-5618
Fax: 202 772-9270
Email: goldina@sec.gov
RIN: 3235-AJ14
-
PROCESSING OF REORGANIZATION EVENTS, TENDER OFFERS, AND EXCHANGE
OFFERS
Legal Authority: 15 USC 78b; 15 USC 78k-1(a)(1)(B); 15 USC 78n(d)(4); 15 USC 78o(c)(3); 15 USC 78o(c)(6); 15 USC 78q-1(a); 15 USC 78q- 1(d)(1); 15 USC 78w(a)
Abstract: The Commission proposed amendments to Rule 17Ad-14 under the
Exchange Act. The amendments would require the establishment of book- entry accounts in connection with reorganization events and would give securities depositories up to 3 business days after the expiration of a tender offer, exchange offer, or reorganization event to deliver physical securities certificates to the agents.
Timetable:
Action
Date
FR Cite
NPRM
09/04/98
63 FR 47209
NPRM Comment Period End
11/03/98
Next Action Undetermined
Regulatory Flexibility Analysis Required: Yes
Agency Contact: Jerry Carpenter, Division of Market Regulation,
Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549
Phone: 202 551-5710
Fax: 202 772-9270
Email: carpenterj@sec.gov
RIN: 3235-AH53
Securities and Exchange Commission (SEC)
Completed Actions
Division of Trading and Markets
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AMENDMENTS TO REGULATION SHO
Legal Authority: 15 USC 78b and 78c(b); 15 USC 78F; 15 USC 78j; 15 USC 78k-1; 15 USC 78l(h); 15 USC 78o and 78o-3; 15 USC 78q and 78q-1; 15
USC 78s; 15 USC 78w(a)
Abstract: The Commission adopted a final rule that made permanent an interim final rule, Rule 204T, to address abusive ``naked'' short selling in all equity securities by requiring that participants of a clearing agency registered with the Commission deliver securities by settlement date, or if the participants have not delivered shares by settlement date, immediately purchase or borrow securities to close out the fail to deliver position by no later than the beginning of regular trading hours on the settlement day following the day the participant incurred the fail to deliver position.
Timetable:
Action
Date
FR Cite
Interim Final Rule
10/17/08
73 FR 61706
Interim Final Rule Effective 10/17/08
Interim Final Rule Comment
Period End
12/16/08
Final Action
07/31/09
74 FR 38266
Final Action Effective
07/31/09
Regulatory Flexibility Analysis Required: Yes
Agency Contact: Victoria L. Crane, Division of Trading and Markets,
Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549
Phone: 202 551-5744
Fax: 202 772-9355
Email: cranev@sec.gov
RIN: 3235-AK22
FR Doc. E9-28561 Filed 12-04-09; 8:45 am
BILLING CODE 8010-01-S
