Registration
SEC Postpones Some Dodd-Frank Rulemaking for Budgetary Reasons
December 07, 2010
The Securities and Exchange Commission has announced that it will delay some of the regulatory and structural changes contemplated by the Dodd-Frank Act due to uncertainty regarding the agency's budget. It appears that bickering in Congress about the federal budget has caused the SEC to reexamine its priorities under the legislation, moving some initiatives and changes to a time after the adoption of a fiscal 2011 federal budget.
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Section 342 |
Creation and Staffing of Office of Women &Minority Inclusion |
Activities regarding diversity in hiring and small business contracting continuing to be performed by staff in existing EEO Office
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Section 911 |
Creation of new Investor Advisory Committee |
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Sections 915 and 919D |
Creation and Staffing of Office of Investor Advocate |
Activities regarding investor perspectives in rulemaking continuing to be performed by staff in existing Office of Investor Education & Advocacy
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Section 924 |
Creation and Staffing of Whistleblower Office |
Functions temporarily assigned to existing staff within the Division of Enforcement
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Section 932 |
Creation and staffing of Office of Credit Ratings |
Rulemaking functions remain with staff within the Division of Trading and Markets; examination functions continuing to be performed by existing Office of Compliance Inspections & Examination
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Section 979 |
Creation and staffing of Office of Municipal Securities |
Functions continue to be assigned to staff within the Division of Trading and Markets
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