[Federal Register Volume 74, Number 233 (Monday, December 7, 2009)]
[Unknown Section]
[Pages 64575-64583]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E9-28561]
[[Page 64575]]
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Part XXI
Securities and Exchange Commission
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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 [email protected]. 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
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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
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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
_______________________________________________________________________
578. 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
_______________________________________________________________________
579. 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: [email protected]
RIN: 3235-AK28
_______________________________________________________________________
580. 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
_______________________________________________________________________
581. 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
_______________________________________________________________________
582. 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
_______________________________________________________________________
583. 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: [email protected]
RIN: 3235-AK49
_______________________________________________________________________
Securities and Exchange Commission (SEC) Final Rule Stage
Division of Investment Management
_______________________________________________________________________
584. 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: [email protected]
RIN: 3235-AI17
[[Page 64580]]
_______________________________________________________________________
585. 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: [email protected]
RIN: 3235-AJ96
_______________________________________________________________________
586. 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: [email protected]
RIN: 3235-AJ06
_______________________________________________________________________
Securities and Exchange Commission (SEC) Completed Actions
Division of Investment Management
_______________________________________________________________________
587. 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: [email protected]
RIN: 3235-AH72
_______________________________________________________________________
588. 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: [email protected]
RIN: 3235-AJ24
_______________________________________________________________________
Securities and Exchange Commission (SEC) Proposed Rule Stage
Division of Trading and Markets
_______________________________________________________________________
589. 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: [email protected]
RIN: 3235-AH40
_______________________________________________________________________
Securities and Exchange Commission (SEC) Final Rule Stage
Division of Trading and Markets
_______________________________________________________________________
590. 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: [email protected]
RIN: 3235-AJ66
_______________________________________________________________________
591. 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: [email protected]
RIN: 3235-AK14
[[Page 64582]]
_______________________________________________________________________
Securities and Exchange Commission (SEC) Long-Term Actions
Division of Trading and Markets
_______________________________________________________________________
592. 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: [email protected]
RIN: 3235-AJ11
_______________________________________________________________________
593. 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: [email protected]
RIN: 3235-AJ12
_______________________________________________________________________
594. 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
_______________________________________________________________________
595. 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: [email protected]
RIN: 3235-AJ14
_______________________________________________________________________
596. 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: [email protected]
RIN: 3235-AH53
_______________________________________________________________________
Securities and Exchange Commission (SEC) Completed Actions
Division of Trading and Markets
_______________________________________________________________________
597. 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: [email protected]
RIN: 3235-AK22
[FR Doc. E9-28561 Filed 12-04-09; 8:45 am]
BILLING CODE 8010-01-S
Federal Register / Vol. 74, No. 233 / Monday, December 7, 2009 / The
Regulatory Plan
Federal Register / Vol. 74, No. 233 / Monday, December 7, 2009 / The
Regulatory Plan