[The Regulatory Plan and Unified Agenda of
Federal Regulatory and Deregulatory Actions]
[Securities and Exchange Commission Semiannual Regulatory Agenda]
[From the U.S. Government Publishing Office, www.gpo.gov]
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Part XXIV
Securities and Exchange Commission
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Semiannual Regulatory Agenda
[[Page 79938]]
SECURITIES AND EXCHANGE COMMISSION (SEC)
_______________________________________________________________________
SECURITIES AND EXCHANGE COMMISSION
17 CFR Ch. II
[Release Nos. 33-9141, 34-62881, IA-3081, IC-29414, File No. S7-21-10]
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 September 10, 2010, 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 30, 2010.
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 [email protected]. Please include File
Number S7-21-10 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. S7-21-10. 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 website (http://www.sec.gov/rules/
other.shtml). Comments are also available for website viewing and
printing 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: September 10, 2010.
Elizabeth M. Murphy,
Secretary.
DIVISION OF CORPORATION FINANCE--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
611 Voluntary Filers...................................................................... 3235-AK59
612 Risk Disclosures...................................................................... 3235-AK58
----------------------------------------------------------------------------------------------------------------
DIVISION OF CORPORATION FINANCE--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
613 Proxy Solicitation Enhancements....................................................... 3235-AK28
[[Page 79939]]
614 Shareholder Approval of Executive Compensation and Golden Parachute Compensation...... 3235-AK68
----------------------------------------------------------------------------------------------------------------
DIVISION OF CORPORATION FINANCE--Completed Actions
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
615 Facilitating Shareholder Director Nominations......................................... 3235-AK27
616 Revisions to Regulation D............................................................. 3235-AK52
----------------------------------------------------------------------------------------------------------------
DIVISION OF INVESTMENT MANAGEMENT--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
617 Temporary Rule Regarding Principal Trades With Certain Advisory Clients............... 3235-AJ96
----------------------------------------------------------------------------------------------------------------
DIVISION OF INVESTMENT MANAGEMENT--Completed Actions
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
618 Amendments to Form ADV................................................................ 3235-AI17
619 Political Contributions by Certain Investment Advisers................................ 3235-AK39
620 Indexed Annuities and Certain Other Insurance Contracts............................... 3235-AK49
----------------------------------------------------------------------------------------------------------------
DIVISION OF TRADING AND MARKETS--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
621 Amendments to Rule 17a-5.............................................................. 3235-AK56
622 Publication or Submission of Quotations Without Specified Information................. 3235-AH40
----------------------------------------------------------------------------------------------------------------
DIVISION OF TRADING AND MARKETS--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
623 Transitional Registration as a Municipal Advisor...................................... 3235-AK69
624 Consolidated Audit Trail.............................................................. 3235-AK51
625 Proposed Rules for Nationally Recognized Statistical Rating Organizations............. 3235-AK14
----------------------------------------------------------------------------------------------------------------
DIVISION OF TRADING AND MARKETS--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
626 Confirmation of Transactions in Open-End Management Investment Company Shares, Unit 3235-AJ11
Investment Trust Interests, and Municipal Fund Securities Used for Education Savings..
627 Point-of-Sale Disclosure of Purchases in Open-End Management Investment Company 3235-AJ12
Shares, Unit Investment Trust Interests, and Municipal Fund Securities Used for
Education Savings.....................................................................
628 Rule 15c-100: Schedule 15C............................................................ 3235-AJ13
[[Page 79940]]
629 Rule 15c-101: Schedule 15D............................................................ 3235-AJ14
630 Processing of Reorganization Events, Tender Offers, and Exchange Offers............... 3235-AH53
----------------------------------------------------------------------------------------------------------------
DIVISION OF TRADING AND MARKETS--Completed Actions
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
631 Amendment to Municipal Securities Disclosure.......................................... 3235-AJ66
----------------------------------------------------------------------------------------------------------------
_______________________________________________________________________
Securities and Exchange Commission (SEC) Proposed Rule Stage
Division of Corporation Finance
_______________________________________________________________________
611. VOLUNTARY FILERS
Legal Authority: Not Yet Determined
Abstract: The Division is considering recommending that the Commission
propose amendments to require registrants who do not have a filing
obligation under the Exchange Act to file any reports with the
Commission in compliance with Commission rules.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
NPRM 09/00/11
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
RIN: 3235-AK59
_______________________________________________________________________
612. RISK DISCLOSURES
Legal Authority: Not Yet Determined
Abstract: The Division is considering recommending that the Commission
propose amendments to its rules and forms to consolidate and enhance
the risk disclosures provided by registrants.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
NPRM 07/00/11
Regulatory Flexibility Analysis Required: Yes
Agency Contact: Jennifer Zepralka, Division of Corporation Finance,
Securities and Exchange Commission, 100 F Street NE, Washington, DC
20549
Phone: 202 551-3430
RIN: 3235-AK58
_______________________________________________________________________
Securities and Exchange Commission (SEC) Final Rule Stage
Division of Corporation Finance
_______________________________________________________________________
613. PROXY SOLICITATION ENHANCEMENTS
Legal Authority: 15 USC 78n
Abstract: The Commission adopted amendments in December 2009 to enhance
proxy disclosures. In the proposing release for those rules, the
Commission also proposed further amendments to its proxy rules to
clarify the manner in which they operate and address issues that have
arisen in the proxy solicitation process. The Division is considering
recommending that the Commission adopt amendments relating to the
outstanding proposals.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
NPRM 07/17/09 74 FR 35076
NPRM Comment Period End 09/15/09
Final Action 12/23/09 74 FR 68334
Final Action Effective 02/28/10
Final Action 11/00/11
Regulatory Flexibility Analysis Required: Yes
Agency Contact: Mark W. Green, Division of Corporation Finance,
Securities and Exchange Commission, 100 F Street NE, Washington, DC
20549-0301
Phone: 202 551-3440
Email: [email protected]
RIN: 3235-AK28
_______________________________________________________________________
614. SHAREHOLDER APPROVAL OF EXECUTIVE COMPENSATION
AND GOLDEN PARACHUTE COMPENSATION
Legal Authority: PL 111-203 sec 951; 15 USC 78c(b); 15 USC 78m; 15 USC
78n; 15 USC 78w(a); 15 USC 78mm
Abstract: The Commission proposed revisions to the proxy rules to
implement section 951 of the Dodd-Frank Wall Street Reform and Consumer
Protection Act, which requires issuers to conduct a separate
shareholder advisory vote: (1) To approve the compensation of
executives; (2) to determine how often they will conduct such votes;
and (3) to approve golden parachute compensation arrangements when
[[Page 79941]]
issuers are soliciting votes to approve merger or acquisition
transactions.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
NPRM 10/28/10 75 FR 66590
NPRM Comment Period End 11/18/10
Final Action 01/00/11
Regulatory Flexibility Analysis Required: Yes
Agency Contact: Scott Hodgdon, Division of Corporation Finance,
Securities and Exchange Commission, 100 F Street NE, Washington, DC
20549
Phone: 202 551-3430
RIN: 3235-AK68
_______________________________________________________________________
Securities and Exchange Commission (SEC) Completed Actions
Division of Corporation Finance
_______________________________________________________________________
615. FACILITATING SHAREHOLDER DIRECTOR NOMINATIONS
Legal Authority: 15 USC 78c(b); 15 USC 78m; 15 USC 78n; 15 USC 78o; 15
USC 78w(a); 15 USC 78mm; 15 USC 80a-10; 15 USC 80a-20(a); 15 USC 80a-37
Abstract: The Commission adopted amendments to the proxy and related
rules to enable long-term shareholders with significant holdings to
include nominees to the board of directors in company proxy materials.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
NPRM 06/18/09 74 FR 29024
NPRM Comment Period End 08/17/09
Comment Period Extended 12/18/09 74 FR 67145
Comment Period End 02/16/10
Final Action 09/16/10 75 FR 56668
Final Action Effective 11/15/10
Regulatory Flexibility Analysis Required: Yes
Agency Contact: Lillian C. Brown, Division of Corporation Finance,
Securities and Exchange Commission, 100 F Street NE, Washington, DC
20549
Phone: 202 551-3430
RIN: 3235-AK27
_______________________________________________________________________
616. REVISIONS TO REGULATION D
Legal Authority: 15 USC 77b(a)(15); 15 USC 77b(b); 15 USC 77d; 15 USC
77r; 15 USC 77s; 15 USC 77s(a); 15 USC 77z-3
Abstract: The Commission is withdrawing this rulemaking because the
Dodd-Frank Wall Street Reform and Consumer Protection Act requires
rulemaking in this area. The Division is considering recommending
action to the Commission that complies with the statutory requirements.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
Withdrawn 10/01/10
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 Investment Management
_______________________________________________________________________
617. TEMPORARY RULE REGARDING PRINCIPAL TRADES WITH CERTAIN ADVISORY
CLIENTS
Legal Authority: 15 USC 80b-6a; 15 USC 80b-11(a)
Abstract: The Division is considering recommending that the Commission
propose an amendment to extend the sunset date of Rule 206(3)-3T, a
rule that provides investment advisers who are also registered broker-
dealers an alternative means of compliance with the principal trading
restrictions in Section 206(3) of the Investment Advisers Act.
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 12/30/09 74 FR 690009
Interim Final Rule Effective 12/30/09
Interim Final Rule Extension 12/00/10
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: [email protected]
RIN: 3235-AJ96
_______________________________________________________________________
Securities and Exchange Commission (SEC) Completed Actions
Division of Investment Management
_______________________________________________________________________
618. 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 adopted amendments to Form ADV part 2 to
require registered investment advisers to deliver to clients and
prospective
[[Page 79942]]
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. Advisers will file
their brochures with the Commission electronically, and the brochures
will 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 08/12/10 75 FR 49234
Final Action Effective 10/12/10
Regulatory Flexibility Analysis Required: Yes
Agency Contact: Vivien Liu, Division of Investment Management,
Securities and Exchange Commission, 100 F Street NE, Washington, DC
20549
Phone: 202 551-6728
Email: [email protected]
RIN: 3235-AI17
_______________________________________________________________________
619. POLITICAL CONTRIBUTIONS BY CERTAIN INVESTMENT ADVISERS
Legal Authority: 15 USC 80b-6(4); 15 USC 80b-11; 15 USC 80b-4
Abstract: The Commission adopted a new rule under the Investment
Advisers Act that prohibits an investment adviser from providing
advisory services for compensation to a government client for two years
after the adviser or certain of its executives or employees make a
contribution to certain elected officials or candidates.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
NPRM 08/07/09 74 FR 39840
NPRM Comment Period End 10/06/09
Final Action 07/14/10 75 FR 41018
Final Action Effective 09/13/10
Regulatory Flexibility Analysis Required: Yes
Agency Contact: Melissa Roverts, Division of Investment Management,
Securities and Exchange Commission, 100 F Street NE, Washington, DC
20549
Phone: 202 551-6722
Fax: 202 772-2934
Email: [email protected]
RIN: 3235-AK39
_______________________________________________________________________
620. 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: On January 8, 2009, the Commission issued a release adopting
Rule 151A under the Securities Act. Rule 151A defines the terms
``annuity contract'' and ``optional annuity contract'' under the
Securities Act. The rule was intended to clarify the status under the
federal securities laws of indexed annuities, under which payments to
the purchaser are dependent on the performance of a securities index.
On July 12, 2010, a Federal appeals court issued an order vacating rule
151A. The Commission issued a release withdrawing Rule 151A.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
Withdrawn 10/01/10
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: [email protected]
RIN: 3235-AK49
_______________________________________________________________________
Securities and Exchange Commission (SEC) Proposed Rule Stage
Division of Trading and Markets
_______________________________________________________________________
621. AMENDMENTS TO RULE 17A-5
Legal Authority: 15 USC 78q
Abstract: The Division is considering recommending that the Commission
propose amendments to Rule 17a-5 dealing with, among other things,
broker-dealer custody of assets.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
NPRM 12/00/10
Regulatory Flexibility Analysis Required: Yes
Agency Contact: Rebekah Goshorn, Division of Trading and Markets,
Securities and Exchange Commission, 100 F Street NE, Washington, DC
20549
Phone: 202 551-5514
Fax: 202 772-9333
Email: [email protected]
RIN: 3235-AK56
_______________________________________________________________________
622. 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
[[Page 79943]]
Second NPRM Comment Period
Extended 04/14/99 64 FR 18393
Comment Period End 05/08/99
Third NPRM 09/00/11
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: [email protected]
RIN: 3235-AH40
_______________________________________________________________________
Securities and Exchange Commission (SEC) Final Rule Stage
Division of Trading and Markets
_______________________________________________________________________
623. TRANSITIONAL REGISTRATION AS A MUNICIPAL ADVISOR
Legal Authority: PL 111-203, sec 975
Abstract: The Commission adopted an interim final temporary rule to
require all municipal advisors to register with it by October 1, 2010,
consistent with the Dodd-Frank Wall Street Reform and Consumer
Protection Act.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
Interim Final Rule 09/08/10 75 FR 54465
Interim Final Rule Effective 10/01/10
Interim Final Rule Comment
Period End 10/08/10
Interim Final Rule Effective
Through 12/31/11
Regulatory Flexibility Analysis Required: Yes
Agency Contact: Ira Brandriss, Division of Trading and Markets,
Securities and Exchange Commission, 100 F Street NE, Washington, DC
20549
Phone: 202 551-5681
Email: [email protected]
RIN: 3235-AK69
_______________________________________________________________________
624. CONSOLIDATED AUDIT TRAIL
Legal Authority: 15 USC 78k-1(a); 15 USC 78q(a)
Abstract: The Commission proposed a rule that would require national
securities exchanges and national securities associations to act
jointly in developed a national market system (``NMS'') plan to
develop, implement, and maintain a consolidated order tracking system,
or consolidated audit trail, with respect to the trading of NMS
securities.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
NPRM 06/08/10 75 FR 32556
NPRM Comment Period End 08/09/10
Final Action 03/00/11
Regulatory Flexibility Analysis Required: Yes
Agency Contact: Jennifer L. Colihan, Division of Trading and Markets,
Securities and Exchange Commission, 100 F Street NE, Washington, DC
20549
Phone: 202 551-5642
Email: [email protected]
RIN: 3235-AK51
_______________________________________________________________________
625. PROPOSED RULES FOR NATIONALLY RECOGNIZED STATISTICAL RATING
ORGANIZATIONS
Legal Authority: 15 USC 78o-7; 15 USC 89q
Abstract: The Commission proposed rule amendments and a new rule that
would require nationally recognized statistical rating organizations
(``NRSROs'') to furnish a new annual report by the firm's designated
compliance officers, to disclose additional information about firm
sources of revenue, and to make publicly available a consolidated
report about revenues attributable to persons paying the NRSRO for the
issuance or maintenance of a credit rating.
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 Rule 12/04/09 74 FR 63832
Final Rule Effective 02/01/10
Third NPRM 12/04/09 74 FR 63866
Third NPRM Comment Period End 02/02/10
Final Action 07/00/11
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: [email protected]
RIN: 3235-AK14
[[Page 79944]]
_______________________________________________________________________
Securities and Exchange Commission (SEC) Long-Term Actions
Division of Trading and Markets
_______________________________________________________________________
626. 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: [email protected]
RIN: 3235-AJ11
_______________________________________________________________________
627. 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: [email protected]
RIN: 3235-AJ12
_______________________________________________________________________
628. 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: [email protected]
RIN: 3235-AJ13
_______________________________________________________________________
629. 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 79945]]
Securities and Exchange Commission, 100 F Street NE, Washington, DC
20549
Phone: 202 551-5618
Fax: 202 772-9270
Email: [email protected]
RIN: 3235-AJ14
_______________________________________________________________________
630. 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 Trading and Markets,
Securities and Exchange Commission, 100 F Street NE, Washington, DC
20549
Phone: 202 551-5710
Fax: 202 772-9270
Email: [email protected]
RIN: 3235-AH53
_______________________________________________________________________
Securities and Exchange Commission (SEC) Completed Actions
Division of Trading and Markets
_______________________________________________________________________
631. 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 amended Rule 15c2-12 under section 15 of the
Exchange Act to improve the system of provided interpretive guidance
for the municipal securities markets that would reflect changes in that
market.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
NPRM 07/24/09 74 FR 36832
NPRM Comment Period End 09/08/09
Final Action 06/01/10 75 FR 33100
Final Action Effective 08/09/10
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: [email protected]
RIN: 3235-AJ66
[FR Doc. 2010-30469 Filed 12-17-10; 8:45 am]
BILLING CODE 8010-01-S