Unified Agenda


SECURITIES AND EXCHANGE COMMISSION (SEC)


SECURITIES AND EXCHANGE COMMISSION

17 CFR Ch. II

[Release Nos. 33-8561, 34-51444, 35-27952, 39-2435, IA-2373, IC-26825, File No. S7-02-05]

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. Information in the agenda was accurate on March 29, 2005, the date 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.

DATES:

Comments should be received on or before July 30, 2005.

ADDRESSES:

Comments may be submitted by any of the following methods:

Electronic comments:

¤ Use the Commission's Internet comment form www.sec.gov/rules/other.shtml; or

¤ Send an e-mail to rule-comments@sec.gov. Please include File Number S7-02-05 on the subject line; or

¤ Use the Federal eRulemaking Portal www.regulations.gov. Follow the instructions for submitting comments.

Paper comments:

¤ Send paper comments in triplicate to Jonathan G. Katz, Secretary, Securities and Exchange Commission, 450 Fifth Street NW,Washington, DC 20549-0609.

All submissions should refer to File No. S7-02-05. 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 www.sec.gov/rules/other.shtml. Comments are also available for public inspection and copying in the Commission's Public Reference Room, 450 Fifth Street NW, Washington, DC 20549. 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, 202-942-0954.

SUPPLEMENTARY INFORMATION:

The Regulatory Flexibility Act (RFA) (Pub. L. No. 96-354, 94 Stat. 1164) (September 19, 1980) requires each Federal agency, during the spring and fall of each year, to publish in the Federal Register an agenda identifying rules that the agency expects to propose or adopt 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

"PUHCA"—Public Utility Holding Company Act of 1935

"Investment Company Act"—Investment Company Act of 1940

"Investment Advisers Act"—Investment Advisers Act of 1940

The Commission's RFA agenda is set forth below. The Commission invites public comment on the agenda and on the individual agenda entries.

Dated:

March 29, 2005.
By the Commission.

Margaret H. McFarland, Deputy Secretary.

DIVISION OF CORPORATION FINANCE—Proposed Rule Stage
Sequence Number Title Regulation Identifier Number
4017 Industry Guide 3—Statistical Disclosure by Bank Holding Companies3235-AI10
4018 Streamlining Rule 1443235-AH13
4019 Revision to Accelerated Filer Definition3235-AJ29
4020 Definition of Securities "Held of Record"3235-AJ22
4021 Termination of Reporting Obligations by Foreign Private Issuers Under the Securities Exchange Act of 19343235-AJ38
4022 Lock-Up Agreements3235-AI09
4023 Equal Treatment of Security Holders Pursuant to Rule 14d-10 and Rule 13e-4(f) Under the Securities Exchange Act of 19343235-AJ23
4024 Proxy Disclosure Regarding Executive Compensation and Related Party Transactions3235-AI80

DIVISION OF CORPORATION FINANCE—Final Rule Stage
Sequence Number Title Regulation Identifier Number
4025 Disclosure in Management's Discussion and Analysis Regarding the Application of Critical Accounting Policies3235-AI44
4026 Use of Form S-8 and Form 8-K by Public Shell Companies3235-AH88
4027 Security Holder Director Nominations3235-AI93
4028 Ownership Reports and Trading by Officers, Directors, and Principal Security Holders3235-AJ27
4029 Securities Offering Reform3235-AI11
4030 Defining "Qualified Purchasers"3235-AI25

DIVISION OF CORPORATION FINANCE—Completed Actions
Sequence Number Title Regulation Identifier Number
4031 Asset-Backed Securities 3235-AF74
4032 Electronic Signatures Act and Information Delivery Under the Securities Act of 19333235-AI82
4033 Additional Form F-6 Eligibility Requirement Related to the Listed Status of Deposited Securities Underlying American Depositary Receipts3235-AI89
4034 First Time Application of International Financial Reporting Standards3235-AI92
4035 Temporary Postponement of the Phase-In Period for Acceleration of Periodic Report Filing Dates3235-AJ30
4036 XBRL Voluntary Financial Reporting Program on the EDGAR System3235-AJ32

DIVISION OF INVESTMENT MANAGEMENT—Proposed Rule Stage
Sequence Number Title Regulation Identifier Number
4037 Books and Records To Be Maintained by Investment Advisers3235-AH24
4038 Amendments to Registration Form and Rules for Registration of Certain Investment Company Securities3235-AI84
4039 Investment Company Portfolio Transaction Costs 3235-AI94
4040 Interagency Proposal To Consider Alternative Forms of Privacy Notices Under the Gramm-Leach-Bliley Act3235-AJ06
4041 Amend Filing Requirements for Form N-SAR, Semiannual Report of Registered Investment Companies3235-AF93
4042 Amendments to the Cash Solicitation Rule3235-AH33
4043 Regional Transmission Organizations and Independent Transmission Companies3235-AI27
4044 Exemptions From Section 17(c) of the Public Utility Holding Company Act Regarding Officers and Directors of Registered Holding Companies3235-AI59
4045 Exemption of Holding Companies Which Are Intrastate or Predominantly Operating Companies3235-AJ35

DIVISION OF INVESTMENT MANAGEMENT—Final Rule Stage
Sequence Number Title Regulation Identifier Number
4046 Political Contributions by Certain Investment Advisers3235-AH72
4047 Certain Thrift Institutions Deemed Not To Be Investment Advisers3235-AI16
4048 Amendments to Form ADV3235-AI17
4049 Fund of Funds Investments3235-AI30
4050 Exemption From Shareholder Approval for Certain Subadvisory Contracts3235-AH80
4051 Amendments to Rules Governing Pricing of Mutual Fund Shares3235-AJ01
4052 Disposal of Consumer Report Information3235-AJ24
4053 Definition of Eligible Portfolio Company Under the Investment Company Act of 19403235-AJ31
4054 Rulemaking for EDGAR System3235-AI18
4055 PUHCA: Exemption for Certain Acquisitions of Foreign Utility Companies; Subsidiaries Authorized To Perform Services or Construction or To Sell Goods3235-AF78

DIVISION OF INVESTMENT MANAGEMENT—Completed Actions
Sequence Number Title Regulation Identifier Number
4056 Certain Broker-Dealers Deemed Not To Be Investment Advisers3235-AH78
4057 Registration Under the Advisers Act of Certain Hedge Fund Advisers3235-AJ25
4058 Disclosure Regarding Portfolio Managers of Registered Management Investment Companies3235-AJ16
4059 Mutual Fund Redemption Fees 3235-AJ17

DIVISION OF MARKET REGULATION—Proposed Rule Stage
Sequence Number Title Regulation Identifier Number
4060 Risk Assessment Recordkeeping and Reporting Requirement3235-AH06
4061 Registration Requirements for Banks Acting as Brokers or Dealers in Security Futures Products3235-AI83
4062 Securities Transactions Settlement3235-AJ19
4063 Concept Release Concerning Self-Regulation3235-AJ36
4064 Processing of Reorganization Events, Tender Offers, and Exchange Offers3235-AH53
4065 Rating Agencies and the Use of Credit Ratings Under the Federal Securities Laws 3235-AH28

DIVISION OF MARKET REGULATION—Final Rule Stage
Sequence Number Title Regulation Identifier Number
4066 Regulation B3235-AJ28
4067 Rule 15c2-2: Confirmation of Transactions in Open-End Management Investment Company Shares, Unit Investment Trust Interests, and Municipal Fund Securities Used for Education Savings3235-AJ11
4068 Rule 15c2-3: Point-of-Sale Disclosure for Purchase Transactions in Open-End Management Investment Company Shares, Unit Investment Trust Interests, and Municipal Fund Securities Used for Education Svgs3235-AJ12
4069 Rule 15c-100: Schedule 15C3235-AJ13
4070 Rule 15c-101: Schedule 15D3235-AJ14
4071 Regulation NMS3235-AJ18
4072 Fair Administration and Governance of Self-Regulatory Organizations 3235-AJ33
4073 Amendments to the Penny Stock Rules3235-AI02
4074 Removal From Listing and Registration of Securities Pursuant to Section 12(d) of the Securities Exchange Act of 19343235-AJ04
4075 Amendments to Regulation M: Anti-Manipulation Rules Concerning Securities Offerings3235-AJ37

DIVISION OF MARKET REGULATION—Long-Term Actions
Sequence Number Title Regulation Identifier Number
4076 Request for Comment on the Regulation of NASDAQ Petition Relating to NASDAQ Listed Securities3235-AI86
4077 Publication or Submission of Quotations Without Specified Information3235-AH40
4078 Concept Release: Competitive Developments in the Options Markets3235-AJ15

DIVISION OF MARKET REGULATION—Completed Actions
Sequence Number Title Regulation Identifier Number
4079 Issuer Restrictions or Prohibitions on Ownership by Securities Intermediaries3235-AJ26

OFFICES AND OTHER PROGRAMS—Proposed Rule Stage
Sequence Number Title Regulation Identifier Number
4080 Regulation PCAOB3235-AJ34

OFFICES AND OTHER PROGRAMS—Long-Term Actions
Sequence Number Title Regulation Identifier Number
4081 International Accounting Standards3235-AH65
4082 Implementation of Standards of Professional Conduct for Attorneys3235-AI72


Securities and Exchange Commission (SEC)

Proposed Rule Stage

Division of Corporation Finance


4017. INDUSTRY GUIDE 3—STATISTICAL DISCLOSURE BY BANK HOLDING COMPANIES

Agency:

Securities and Exchange Commission (SEC)/Division of Corporation Finance

Priority:

Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority:

15 USC 77a et seq; 15 USC 78a et seq

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

17 CFR 229; 17 CFR 231; 17 CFR 241

Legal Deadline:

None

Abstract:

The Division of Corporation Finance is considering recommending that the Commission propose amendments to Securities Act Industry Guide 3 and Exchange Act Industry Guide 3, Statistical Disclosure by Banking Holding Companies, to update them and apply them more broadly to registrants engaging in lending, investing, or deposit-taking activities, in addition to banks and bank holding companies. The revisions also would likely take into account changes in financial reporting rules and the increasingly diverse lending and investing activities that expose registrants to credit risk.

Timetable:
Action Date FR Cite
NPRM 04/00/06

Regulatory Flexibility Analysis Required:

Undetermined

Government Levels Affected:

None

Agency Contact:

Carol Stacey, Division of Corporation Finance, Securities and Exchange Commission, 450 5th Street NW, Washington, DC 20549
Phone: 202 942-2960

RIN:

3235-AI10

4018. STREAMLINING RULE 144

Agency:

Securities and Exchange Commission (SEC)/Division of Corporation Finance

Priority:

Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority:

15 USC 77a et seq

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

17 CFR 230.144

Legal Deadline:

None

Abstract:

The Commission proposed revisions to Rule 144, Rule 145, and Form 144 to make the rules and form easier to understand and apply. The Division is considering recommending that the Commission repropose amendments that would, among other things, add a bright line test to the Rule 144 definition of affiliate, increase the Form 144 filing thresholds, and codify certain interpretive positions.

Timetable:
Action Date FR Cite
NPRM 02/20/97 62 FR 9246
NPRM Comment Period End 04/29/97
Second NPRM 04/00/06

Regulatory Flexibility Analysis Required:

Yes

Small Entities Affected:

Businesses

Government Levels Affected:

None

URL For More Information:
www.sec.gov/rules/proposed/33-7391.txt

Agency Contact:

Raymond A. Be, Office of Rulemaking, Division of Corporation Finance, Securities and Exchange Commission, 450 5th Street NW, Washington, DC 20549
Phone: 202 942-2910

RIN:

3235-AH13

4019. REVISION TO ACCELERATED FILER DEFINITION

Agency:

Securities and Exchange Commission (SEC)/Division of Corporation Finance

Priority:

Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority:

Not Yet Determined

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

17 CFR 240.12b-2

Legal Deadline:

None

Abstract:

The Division of Corporation Finance is considering recommending that the Commission propose rules that would revise the definition of an "accelerated filer" in Rule 12b-2 under the Exchange Act so that an accelerated filer that no longer is subject to Exchange Act reporting with respect to any class of common equity securities, but that remains subject to Exchange Act reporting with respect to one or more other classes of securities, would no longer be subject to the definition and therefore would be able to stop complying with the accelerated filing requirements on or after the date that the company no longer is subject to Exchange Act reporting with respect to its common equity.

Timetable:
Action Date FR Cite
NPRM 05/00/05

Regulatory Flexibility Analysis Required:

No

Government Levels Affected:

None

Federalism:

Undetermined

Agency Contact:

Jennifer G. Williams, Division of Corporation Finance, Securities and Exchange Commission, 450 5th Street NW, Washington, DC 20549
Phone: 202 942-2910

RIN:

3235-AJ29

4020. DEFINITION OF SECURITIES "HELD OF RECORD"

Agency:

Securities and Exchange Commission (SEC)/Division of Corporation Finance

Priority:

Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority:

Not Yet Determined

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

17 CFR 240.12g5-1

Legal Deadline:

None

Abstract:

The Division of Corporation Finance is considering recommending that the Commission propose revisions to the definition of securities "held of record" under the Securities Exchange Act of 1934 to include the beneficial owners of securities registered in the name of a broker, dealer, bank, or similar nominee.

Timetable:
Action Date FR Cite
NPRM 09/00/05

Regulatory Flexibility Analysis Required:

Undetermined

Government Levels Affected:

None

Agency Contact:

Steven Hearne, Special Counsel, Division of Corporation Finance, Securities and Exchange Commission, 450 5th Street NW, Washington, DC 20549
Phone: 202 942-2910

RIN:

3235-AJ22

4021. ¤ TERMINATION OF REPORTING OBLIGATIONS BY FOREIGN PRIVATE ISSUERS UNDER THE SECURITIES EXCHANGE ACT OF 1934

Agency:

Securities and Exchange Commission (SEC)/Division of Corporation Finance

Priority:

Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority:

Not Yet Determined

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

17 CFR 240.12g-4; 17 CFR 240.12h-3

Legal Deadline:

None

Abstract:

The Division of Corporation Finance is considering recommending that the Commission propose revisions relating to the circumstances under which foreign private issuers are permitted to terminate their registration under section 12(g) of the Securities Exchange Act and any reporting obligation under section 15(d) of that Act.

Timetable:
Action Date FR Cite
NPRM 11/00/05

Regulatory Flexibility Analysis Required:

No

Government Levels Affected:

None

Federalism:

Undetermined

Agency Contact:

Elliot Staffin, Special Counsel, Division of Corporation Finance, Securities and Exchange Commission, 450 5th Street NW, Washington, DC 20549
Phone: 202 942-2990

RIN:

3235-AJ38

4022. LOCK-UP AGREEMENTS

Agency:

Securities and Exchange Commission (SEC)/Division of Corporation Finance

Priority:

Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority:

15 USC 77a et seq; 15 USC 78a et seq

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

17 CFR 230; 17 CFR 240

Legal Deadline:

None

Abstract:

The Division of Corporation Finance is considering recommending that the Commission propose a new rule under the Securities Act to clarify how to register securities that acquiring companies issue to certain target security holders who enter into lock-up agreements in connection with acquisition transactions. The Division also would consider recommending corresponding exemptions from certain Exchange Act rules to allow for the execution of lock-up agreements without violation of the applicable rules.

Timetable:
Action Date FR Cite
NPRM 04/00/06

Regulatory Flexibility Analysis Required:

Undetermined

Government Levels Affected:

None

Agency Contact:

Pamela Carmody, Division of Corporation Finance, Securities and Exchange Commission, 450 5th Street NW, Washington, DC 20549
Phone: 202 942-2920

RIN:

3235-AI09

4023. EQUAL TREATMENT OF SECURITY HOLDERS PURSUANT TO RULE 14D-10 AND RULE 13E-4(F) UNDER THE SECURITIES EXCHANGE ACT OF 1934

Agency:

Securities and Exchange Commission (SEC)/Division of Corporation Finance

Priority:

Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority:

Not Yet Determined

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

Not Yet Determined

Legal Deadline:

None

Abstract:

The Division of Corporation Finance is considering recommending to the Commission amendments to the "best-price" rules contained in tender offer Rule 14d-10 and Rule 13e-4(f) under the Securities Exchange Act of 1934 to address issues raised by recent court decisions regarding the type of consideration that these rules apply to.

Timetable:
Action Date FR Cite
NPRM 06/00/05

Regulatory Flexibility Analysis Required:

Undetermined

Government Levels Affected:

Undetermined

Agency Contact:

Brian V. Breheny, Chief, Office of Mergers and Acquisitions, Division of Corporation Finance, Securities and Exchange Commission, 450 5th Street NW, Washington, DC 20549
Phone: 202 942-2920

RIN:

3235-AJ23

4024. PROXY DISCLOSURE REGARDING EXECUTIVE COMPENSATION AND RELATED PARTY TRANSACTIONS

Agency:

Securities and Exchange Commission (SEC)/Division of Corporation Finance

Priority:

Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority:

Not Yet Determined

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

Not Yet Determined

Legal Deadline:

None

Abstract:

The Division of Corporation Finance is considering recommending that the Commission propose amendments that would enhance disclosure regarding executive compensation, the independence of a registrant's board of directors, related party transactions between executive officers and directors, and related party transactions with an issuer.

Timetable:
Action Date FR Cite
NPRM 09/00/05

Regulatory Flexibility Analysis Required:

Undetermined

Government Levels Affected:

None

Agency Contact:

Anne Krauskopf, Division of Corporation Finance, Securities and Exchange Commission, 450 5th Street NW, Washington, DC 20549
Phone: 202 942-2910

RIN:

3235-AI80


Securities and Exchange Commission (SEC)

Final Rule Stage

Division of Corporation Finance


4025. DISCLOSURE IN MANAGEMENT'S DISCUSSION AND ANALYSIS REGARDING THE APPLICATION OF CRITICAL ACCOUNTING POLICIES

Agency:

Securities and Exchange Commission (SEC)/Division of Corporation Finance

Priority:

Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority:

15 USC 77a et seq; 15 USC 78a et seq

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

17 CFR 228.303; 17 CFR 229.303

Legal Deadline:

None

Abstract:

The Commission proposed rule provisions to require a company to discuss the application of its critical accounting policies. The proposals would encompass both critical accounting estimates that a company makes and the initial adoption by a company of an accounting policy with a material impact on its financial presentation. The new disclosure would be included in the MD&A section of a company's annual reports, registration statements, and proxy and information statements and would be updated quarterly.

Timetable:
Action Date FR Cite
NPRM 05/20/02 67 FR 35620
NPRM Comment Period End 07/19/02
Final Action 12/00/05

Regulatory Flexibility Analysis Required:

Yes

Small Entities Affected:

Businesses

Government Levels Affected:

None

URL For More Information:
www.sec.gov/rules/proposed/33-8098.htm

Agency Contact:

Consuelo Hitchcock, Division of Corporation Finance, Securities and Exchange Commission, 450 5th Street NW, Washington, DC 20549
Phone: 202 942-2810

RIN:

3235-AI44

4026. USE OF FORM S-8 AND FORM 8-K BY PUBLIC SHELL COMPANIES

Agency:

Securities and Exchange Commission (SEC)/Division of Corporation Finance

Priority:

Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority:

15 USC 78a et seq

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

17 CFR 249.308

Legal Deadline:

None

Abstract:

The Commission proposed amendments to Form S-8 and Form 8-K that would affect their use by shell companies.

Timetable:
Action Date FR Cite
NPRM 04/21/04 69 FR 21650
NPRM Comment Period End 06/07/04
Final Action 06/00/05

Regulatory Flexibility Analysis Required:

Yes

Small Entities Affected:

Businesses

Government Levels Affected:

None

URL For More Information:
www.sec.gov/rules/proposed/33-8407.htm

Agency Contact:

Kevin O'Neill, Division of Corporation Finance, Securities and Exchange Commission, 450 5th Street NW, Washington, DC 20549
Phone: 202 942-2950

RIN:

3235-AH88

4027. SECURITY HOLDER DIRECTOR NOMINATIONS

Agency:

Securities and Exchange Commission (SEC)/Division of Corporation Finance

Priority:

Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority:

15 USC 78c(b); 15 USC 78m; 15 USC 78n; 15 USC 78o; 15 USC 78p; 15 USC 78w(a)

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

Not Yet Determined

Legal Deadline:

None

Abstract:

The Commission proposed amendments to the proxy rules and related rules and regulations regarding the inclusion of shareholder director nominations in company proxy materials.

Timetable:
Action Date FR Cite
NPRM 10/23/03 68 FR 60783
NPRM Comment Period End 12/22/03
Round table: Announced 02/12/04 69 FR 6928
Round table comments due 03/31/04
Final Action 09/00/05

Regulatory Flexibility Analysis Required:

Yes

Small Entities Affected:

Businesses

Government Levels Affected:

None

URL For More Information:
www.sec.gov/rules/proposed/34-48626.htm

Agency Contact:

Lillian C. Brown, Division of Corporation Finance, Securities and Exchange Commission, 450 5th Street NW, Washington, DC 20549
Phone: 202 942-2920

RIN:

3235-AI93

4028. OWNERSHIP REPORTS AND TRADING BY OFFICERS, DIRECTORS, AND PRINCIPAL SECURITY HOLDERS

Agency:

Securities and Exchange Commission (SEC)/Division of Corporation Finance

Priority:

Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority:

15 USC 78c(b); 15 USC 78p; 15 USC 78w(a); 15 USC 79q(a); 15 USC 80a-29(b)

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

17 CFR 228.405; 17 CFR 229.405; 17 CFR 240.16b-3; 17 CFR 240.16b-7

Legal Deadline:

None

Abstract:

The Commission proposed amendments to Rules 16b-3 and 16b-7, which exempt certain transactions from the private right of action to recover short-swing profit provided by section 16(b) of the Exchange Act. The amendments clarify the exemptive scope of these rules, consistent with statements in previous Commission releases. The Commission also proposed amendments to Item 405 of Regulation S-K and S-B to harmonize that item with the 2 business day Form 4 due date and mandated electronic filing and website posting of section 16 reports.

Timetable:
Action Date FR Cite
NPRM 06/25/04 69 FR 35982
NPRM Comment Period End 08/09/04
Final Action 05/00/05

Regulatory Flexibility Analysis Required:

Undetermined

Government Levels Affected:

None

URL For More Information:
www.sec.gov/rules/proposed/34-49895.htm

Agency Contact:

Anne M. Krauskopf, Special Counsel, Division of Corporation Finance, Securities and Exchange Commission, 450 5th Street NW, Washington, DC 20549
Phone: 202 942-2910

RIN:

3235-AJ27

4029. SECURITIES OFFERING REFORM

Agency:

Securities and Exchange Commission (SEC)/Division of Corporation Finance

Priority:

Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority:

5 USC 77a et seq

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

Not Yet Determined

Legal Deadline:

None

Abstract:

The Commission proposed modifications to the Securities Act restrictions on communications by issuers and underwriters around the time of an offering. The proposals also include procedural changes in registration forms and their use to further capital formation. Finally, the proposals address the requirements for delivery of final prospectuses.

Timetable:
Action Date FR Cite
NPRM 11/17/04 69 FR 67392
NPRM Comment Period End 01/31/05
Final Action 07/00/05

Regulatory Flexibility Analysis Required:

Undetermined

Government Levels Affected:

None

URL For More Information:
www.sec.gov/rules/proposed/33-8501.htm

Agency Contact:

Daniel Horwood, Special Counsel, Division of Corporation Finance, Securities and Exchange Commission, 450 5th Street NW, Washington, DC 20549
Phone: 202 942-2910

RIN:

3235-AI11

4030. DEFINING "QUALIFIED PURCHASERS"

Agency:

Securities and Exchange Commission (SEC)/Division of Corporation Finance

Priority:

Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority:

15 USC 78r

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

Not Yet Determined

Legal Deadline:

None

Abstract:

The Commission proposed amendments to Rule 146 to provide a definition of "qualified purchaser" to expand the definition of "covered securities" in section 18 of the Securities Act of 1933.

Timetable:
Action Date FR Cite
NPRM 12/27/01 66 FR 66839
NPRM Comment Period End 02/25/02
Final Action 04/00/06

Regulatory Flexibility Analysis Required:

Undetermined

Government Levels Affected:

None

URL For More Information:
www.sec.gov/rules/proposed/33-8041.htm

Agency Contact:

Gerald J. Laporte, Office of Small Business Policy, Securities and Exchange Commission, 450 5th Street NW, Washington, DC 20549
Phone: 202 942-2973

RIN:

3235-AI25


Securities and Exchange Commission (SEC)

Completed Actions

Division of Corporation Finance


4031. ASSET-BACKED SECURITIES

Agency:

Securities and Exchange Commission (SEC)/Division of Corporation Finance

Priority:

Substantive, Nonsignificant. Major under 5 USC 801.

Legal Authority:

15 USC 77e; 15 USC 78o; 15 USC 78w; 15 USC 77f; 15 USC 77g; 15 USC 77h; 15 USC 77j; 15 USC 77s; 15 USC 78l; 15 USC 78m; 15 USC 78n

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

17 CFR 229; 17 CFR 230; 17 CFR 239; 17 CFR 240; 17 CFR 249

Legal Deadline:

None

Abstract:

The Commission adopted amendments to rules and forms that specify disclosure requirements for asset-backed securities transactions.

Timetable:
Action Date FR Cite
NPRM 05/13/04 69 FR 26650
NPRM Comment Period End 07/12/04
Final Action 01/07/05 70 FR 1506
Final Action Effective 03/08/05

Regulatory Flexibility Analysis Required:

No

Government Levels Affected:

None

URL For More Information:
http://www.sec.gov/rules/final/33-8518.htm

Agency Contact:

Jennifer G. Williams, Division of Corporation Finance, Securities and Exchange Commission, 450 5th Street NW, Washington, DC 20549
Phone: 202 942-2910

RIN:

3235-AF74

4032. ELECTRONIC SIGNATURES ACT AND INFORMATION DELIVERY UNDER THE SECURITIES ACT OF 1933

Agency:

Securities and Exchange Commission (SEC)/Division of Corporation Finance

Priority:

Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority:

15 USC 77z-3; 15 USC 78c(b)

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

17 CFR 230.405

Legal Deadline:

None

Abstract:

The Division of Corporation Finance is withdrawing this item from the Unified Agenda because its subject matter is addressed in a separate proposal issued under the title Securities Offering Reform, RIN 3235-AI11.

Timetable:
Action Date FR Cite
Withdrawn 05/01/05

Regulatory Flexibility Analysis Required:

No

Government Levels Affected:

None

Agency Contact:

Daniel Horwood, Special Counsel, Division of Corporation Finance, Securities and Exchange Commission, 450 5th Street NW, Washington, DC 20549
Phone: 202 942-2910

Related RIN:

Related to 3235-AI11

RIN:

3235-AI82

4033. ADDITIONAL FORM F-6 ELIGIBILITY REQUIREMENT RELATED TO THE LISTED STATUS OF DEPOSITED SECURITIES UNDERLYING AMERICAN DEPOSITARY RECEIPTS

Agency:

Securities and Exchange Commission (SEC)/Division of Corporation Finance

Priority:

Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority:

15 USC 77f; 15 USC 77q; 15 USC 77j; 15 USC 77s

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

17 CFR 239.36

Legal Deadline:

None

Abstract:

The Division of Corporation Finance is withdrawing this item from the Unified Agenda because the Division does not expect to recommend Commission consideration of the item within the next 12 months, but the Commission may nonetheless consider this item further at some date.

Timetable:
Action Date FR Cite
NPRM 09/17/03 68 FR 54644
NPRM Comment Period End 10/17/03
Withdrawn 05/01/05

Regulatory Flexibility Analysis Required:

No

Government Levels Affected:

None

URL For More Information:
www.sec.gov/rules/proposed/33-8287.htm

Agency Contact:

Michael Coco, Division of Corporation Finance, Securities and Exchange Commission, 450 5th Street NW, Washington, DC 20549
Phone: 202 942-3010

RIN:

3235-AI89

4034. FIRST TIME APPLICATION OF INTERNATIONAL FINANCIAL REPORTING STANDARDS

Agency:

Securities and Exchange Commission (SEC)/Division of Corporation Finance

Priority:

Substantive, Nonsignificant

Legal Authority:

15 USC 78a

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

17 CFR 249.220f

Legal Deadline:

None

Abstract:

The Commission adopted amendments to Form 20-F to provide a one-time accommodation regarding prior period financial statements prepared under International Financial Reporting Standards (IFRS). This accommodation, if adopted, would be applicable to foreign private issuers that are incorporated in a country that has adopted IFRS as the official national accounting standard for reporting periods beginning after January 2005.

Timetable:
Action Date FR Cite
NPRM 03/18/04 69 FR 12904
NPRM Comment Period End 04/19/04
Final Action 04/20/05 70 FR 20674

Regulatory Flexibility Analysis Required:

No

Government Levels Affected:

None

URL For More Information:
www.sec.gov/rules/proposed/33-8937a.html

Agency Contact:

Michael Coco, Division of Corporation Finance, Securities and Exchange Commission, 450 5th Street NW, Washington, DC 20549
Phone: 202 942-3010

RIN:

3235-AI92

4035. TEMPORARY POSTPONEMENT OF THE PHASE-IN PERIOD FOR ACCELERATION OF PERIODIC REPORT FILING DATES

Agency:

Securities and Exchange Commission (SEC)/Division of Corporation Finance

Priority:

Substantive, Nonsignificant

Legal Authority:

15 USC 77c(b); 15 USC 77s(a); 15 USC 78m; 15 USC 78o(d); 15 USC 78w(a)

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

17 CFR 210.3-01; 17 CFR 210.3-09; 17 CFR 210.3-12; 17 CFR 240.13a-10; 17 CFR 240.15d-10

Legal Deadline:

None

Abstract:

The Commission adopted amendments to its rules that would postpone for 1 year the final phase-in period for acceleration of the due dates of quarterly and annual reports required to be filed under the Exchange Act by companies that are "accelerated filers," as defined in Exchange Act Rule 12b-2.

Timetable:
Action Date FR Cite
NPRM 09/01/04 69 FR 53550
NPRM Comment Period End 10/01/05
Final Action 11/17/04 69 FR 68232
Final Action Effective 11/17/04

Regulatory Flexibility Analysis Required:

No

Government Levels Affected:

None

URL For More Information:
www.sec.gov/rules/final/33-8507.pdf

Agency Contact:

Jennifer G. Williams, Division of Corporation Finance, Securities and Exchange Commission, 450 5th Street NW, Washington, DC 20549
Phone: 202 942-2910

RIN:

3235-AJ30

4036. XBRL VOLUNTARY FINANCIAL REPORTING PROGRAM ON THE EDGAR SYSTEM

Agency:

Securities and Exchange Commission (SEC)/Division of Corporation Finance

Priority:

Substantive, Nonsignificant

Legal Authority:

15 USC 78a et seq; 15 USC 80a et seq

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

17 CFR 232.401; 17 CFR 232.402; 17 CFR 232.11; 17 CFR 232.305; 17 CFR 229.601; 17 CFR 228.601; 17 CFR 228.10 et seq; 17 CFR 240.13a-14; 17 CFR 240.15d-14; 17 CFR 270.8b-1; 17 CFR 270.8b-2; 17 CFR 270.30a-2; 17 CFR 249.220f; 17 CFR 249.306

Legal Deadline:

None

Abstract:

The Commission adopted rules that enable registrants to submit voluntarily supplemental tagged financial information using Extensible Business Reporting Language Format as exhibits to their EDGAR filings under the Exchange Act and the Investment Company Act.

Timetable:
Action Date FR Cite
NPRM 10/01/04 69 FR 59094
NPRM Comment Period End 11/01/04
Final Action 02/08/05 70 FR 6556
Final Action Effective 03/16/05

Regulatory Flexibility Analysis Required:

Yes

Small Entities Affected:

Businesses

Government Levels Affected:

None

Federalism:

Undetermined

URL For More Information:
http://www.sec.gov/rules/final/33-8529.htm

Agency Contact:

Mark W. Green, Senior Special Counsel, Division of Corporation Finance, Securities and Exchange Commission, 450 5th Street NW, Washington, DC 20549-0301
Phone: 202 942-2910
Fax: 202 942-9624
Email: greenm@sec.gov

RIN:

3235-AJ32


Securities and Exchange Commission (SEC)

Proposed Rule Stage

Division of Investment Management


4037. BOOKS AND RECORDS TO BE MAINTAINED BY INVESTMENT ADVISERS

Agency:

Securities and Exchange Commission (SEC)/Division of Investment Management

Priority:

Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority:

15 USC 80b-4; 15 USC 80b-6(4); 15 USC 80b-11(a)

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

17 CFR 275.204-2

Legal Deadline:

None

Abstract:

The Division of Investment Management is considering recommending that the Commission update the books and records requirements for investment advisers.

Timetable:
Action Date FR Cite
NPRM 10/00/05

Regulatory Flexibility Analysis Required:

Undetermined

Government Levels Affected:

Undetermined

Agency Contact:

Don L. Evans, Office of Investment Adviser Regulation, Division of Investment Management, Securities and Exchange Commission, 450 5th Street NW, Washington, DC 20549
Phone: 202 551-6787

RIN:

3235-AH24

4038. AMENDMENTS TO REGISTRATION FORM AND RULES FOR REGISTRATION OF CERTAIN INVESTMENT COMPANY SECURITIES

Agency:

Securities and Exchange Commission (SEC)/Division of Investment Management

Priority:

Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority:

15 USC 80a-24; 15 USC 80a-37; 15 USC 77f; 15 USC 77h; 15 USC 77j; 15 USC 77s(a)

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

17 CFR 230; 17 CFR 270; 17 CFR 274

Legal Deadline:

None

Abstract:

The Division of Investment Management is considering recommending that the Commission amend the rule and the form under the Investment Company Act of 1940 that prescribe the method by which certain investment companies calculate and pay registration fees under the Securities Act of 1933 and Rule 457 under the Securities Act that allows for the offset of registration fees in cases of overpayment. The amendments would make clear that funds must pay interest on late filings at the time of the late filing, allow funds to use excess filing fees resulting from erroneous overpayments with Form 24F-2 filings as an offset against future registration fees due with Form 24F-2 filings, and make technical corrections to the form.

Timetable:
Action Date FR Cite
NPRM 06/00/05

Regulatory Flexibility Analysis Required:

Undetermined

Government Levels Affected:

None

Agency Contact:

Ruth Armfield Sanders, Division of Investment Management, Securities and Exchange Commission, 450 5th Street NW, Washington, DC 20549
Phone: 202 551-6960

RIN:

3235-AI84

4039. INVESTMENT COMPANY PORTFOLIO TRANSACTION COSTS

Agency:

Securities and Exchange Commission (SEC)/Division of Investment Management

Priority:

Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority:

15 USC 77a et seq; 15 USC 80a-1 et seq

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

Not Yet Determined

Legal Deadline:

None

Abstract:

The Commission sought public comment on ways to improve disclosure of portfolio transaction costs. The Division of Investment Management is considering whether to recommend to the Commission amendments to investment company registration statements to make those improvements.

Timetable:
Action Date FR Cite
ANPRM 12/24/03 68 FR 74820
ANPRM Comment Period End 02/23/04
NPRM 05/00/05

Regulatory Flexibility Analysis Required:

Undetermined

Government Levels Affected:

Undetermined

URL For More Information:
www.sec.gov.rules/concept/33-8349.htm

Agency Contact:

David Schwartz, Division of Investment Management, Securities and Exchange Commission, 450 5th Street NW, Washington, DC 20549
Phone: 202 551-6784

RIN:

3235-AI94

4040. INTERAGENCY PROPOSAL TO CONSIDER ALTERNATIVE FORMS OF PRIVACY NOTICES UNDER THE GRAMM-LEACH-BLILEY ACT

Agency:

Securities and Exchange Commission (SEC)/Division of Investment Management

Priority:

Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority:

15 USC 6804; 15 USC 78q, 78W; 15 USC 80a-30, 80a-37; 15 USC 80b-4, 80b-11

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

None

Legal Deadline:

None

Abstract:

The Commission, together with the Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, Federal Trade Commission, National Credit Union Administration, Office of the Comptroller of the Currency, and the Office of Thrift Supervision (the Agencies), requested comment on whether the Agencies should consider amending the regulations that implement the privacy provisions of the Gramm-Leach-Bliley Act to allow or require financial institutions to provide alternative types of privacy notices that would be easier for consumers to understand.

Timetable:
Action Date FR Cite
ANPRM 12/30/03 68 FR 75165
ANPRM Comment Period End 03/29/04
NPRM 04/00/06

Regulatory Flexibility Analysis Required:

No

Government Levels Affected:

None

URL For More Information:
www.sec.gov/rules/concept/34-48966.htm

Agency Contact:

Vincent M. Meehan, Office of Regulatory Policy, Division of Investment Management, Securities and Exchange Commission, 450 5th Street NW, Washington, DC 20549-0506
Phone: 202 551-6792

RIN:

3235-AJ06

4041. AMEND FILING REQUIREMENTS FOR FORM N-SAR, SEMIANNUAL REPORT OF REGISTERED INVESTMENT COMPANIES

Agency:

Securities and Exchange Commission (SEC)/Division of Investment Management

Priority:

Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority:

15 USC 78 et seq; 15 USC 80a-1 et seq

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

17 CFR 249.330; 17 CFR 274.101

Legal Deadline:

None

Abstract:

The Division of Investment Management is considering whether to recommend that the Commission amend the information filed on Form N-SAR, the semiannual report for registered investment companies, to incorporate series and class (contract) identifiers and to make other software related improvements.

Timetable:
Action Date FR Cite
NPRM 05/00/05

Regulatory Flexibility Analysis Required:

Undetermined

Government Levels Affected:

Undetermined

Agency Contact:

Ruth Armfield Sanders, Senior Special Counsel, Division of Investment Management, Securities and Exchange Commission, 450 5th Street NW, Washington, DC 20549
Phone: 202 551-6960

RIN:

3235-AF93

4042. AMENDMENTS TO THE CASH SOLICITATION RULE

Agency:

Securities and Exchange Commission (SEC)/Division of Investment Management

Priority:

Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority:

15 USC 80b-4; 15 USC 80b-6; 15 USC 80-11(a)

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

17 CFR 275.206(4)-3

Legal Deadline:

None

Abstract:

The Division of Investment Management is considering whether to recommend revisions to the cash solicitation rule.

Timetable:
Action Date FR Cite
NPRM 08/00/05

Regulatory Flexibility Analysis Required:

Undetermined

Government Levels Affected:

Undetermined

Agency Contact:

Catherine E. Marshall, Office of Investment Adviser Regulation, Division of Investment Management, Securities and Exchange Commission, 450 5th Street NW, Washington, DC 20549
Phone: 202 551-6786
Email: marshallc@sec.gov

RIN:

3235-AH33

4043. REGIONAL TRANSMISSION ORGANIZATIONS AND INDEPENDENT TRANSMISSION COMPANIES

Agency:

Securities and Exchange Commission (SEC)/Division of Investment Management

Priority:

Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority:

15 USC 79c

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

17 CFR 250.18; 17 CFR 250.40; 17 CFR 250.44; 17 CFR 250.6

Legal Deadline:

None

Abstract:

The Division of Investment Management is considering recommending a proposal to the Commission to deem an "independent transmission company" as defined by the rule not to be a "subsidiary," "company," or "affiliate" of a registered holding company. The rule is intended to facilitate the Federal Energy Regulatory Commission's Order No. 2000, Regional Transmission Organizations.

Timetable:
Action Date FR Cite
NPRM 04/00/06

Regulatory Flexibility Analysis Required:

No

Small Entities Affected:

No

Government Levels Affected:

None

Agency Contact:

Victoria J. Adraktas, Office of Public Utility Regulation, Division of Investment Management, Securities and Exchange Commission, 450 5th Street NW, Washington, DC 20549
Phone: 202 551-6944
Email: adraktasv@sec.gov

RIN:

3235-AI27

4044. EXEMPTIONS FROM SECTION 17(C) OF THE PUBLIC UTILITY HOLDING COMPANY ACT REGARDING OFFICERS AND DIRECTORS OF REGISTERED HOLDING COMPANIES

Agency:

Securities and Exchange Commission (SEC)/Division of Investment Management

Priority:

Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority:

15 USC 79q(c)

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

17 CFR 250.70

Legal Deadline:

None

Abstract:

The Division of Investment Management is considering recommending that the Commission propose revisions to existing Rule 70 under the Public Utility Holding Company Act to update the exemptions to reflect current industry conditions.

Timetable:
Action Date FR Cite
NPRM 03/00/06

Regulatory Flexibility Analysis Required:

Undetermined

Government Levels Affected:

None

Agency Contact:

David B. Smith, Office of Public Utility Regulation, Division of Investment Management, Securities and Exchange Commission, 450 5th Street NW, Washington, DC 20549
Phone: 202 551-6944

RIN:

3235-AI59

4045. EXEMPTION OF HOLDING COMPANIES WHICH ARE INTRASTATE OR PREDOMINANTLY OPERATING COMPANIES

Agency:

Securities and Exchange Commission (SEC)/Division of Investment Management

Priority:

Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority:

15 USC 79c

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

None

Legal Deadline:

None

Abstract:

The Division is considering recommending that the Commission propose an amendment to Form U-3A-2 under Rule 2 under the Public Utility Holding Company Act to determine the exempt status of certain holding companies.

Timetable:
Action Date FR Cite
NPRM 09/00/05

Regulatory Flexibility Analysis Required:

Undetermined

Government Levels Affected:

Undetermined

Federalism:

Undetermined

Agency Contact:

Victoria J. Adraktas, Office of Public Utility Regulation, Division of Investment Management, Securities and Exchange Commission, 450 5th Street NW, Washington, DC 20549
Phone: 202 551-6944
Email: adraktasv@sec.gov

RIN:

3235-AJ35


Securities and Exchange Commission (SEC)

Final Rule Stage

Division of Investment Management


4046. POLITICAL CONTRIBUTIONS BY CERTAIN INVESTMENT ADVISERS

Agency:

Securities and Exchange Commission (SEC)/Division of Investment Management

Priority:

Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority:

15 USC 206(4); 15 USC 211(a); 15 USC 204

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

17 CFR 275

Legal Deadline:

None

Abstract:

The Commission has proposed new Rule 206(4)-5, which would prohibit an investment adviser from providing advisory services for compensation to a Government client for 2 years after the adviser or any of its partners, executive officers, or solicitors makes a contribution to certain elected officials or candidates.
The Commission also has proposed rule amendments that would require a registered adviser that has Government clients to maintain certain records of the political contributions made by the adviser or any of its partners, executive officers, or solicitors.

Timetable:
Action Date FR Cite
NPRM 08/10/99 64 FR 43556
NPRM Comment Period End 11/01/99
Final Action 04/00/06

Regulatory Flexibility Analysis Required:

Yes

Small Entities Affected:

Businesses

Government Levels Affected:

None

URL For More Information:
www.sec.gov/rules/proposed/ia-1812.htm

Agency Contact:

Jennifer L. Sawin, Office of Investment Adviser Regulation, Division of Investment Management, Securities and Exchange Commission, 450 5th Street NW, Washington, DC 20549
Phone: 202 551-6787

RIN:

3235-AH72

4047. CERTAIN THRIFT INSTITUTIONS DEEMED NOT TO BE INVESTMENT ADVISERS

Agency:

Securities and Exchange Commission (SEC)/Division of Investment Management

Priority:

Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority:

15 USC 80b-2(a)(11)(F)

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

17 CFR 275

Legal Deadline:

None

Abstract:

The Commission proposed excepting from the definition of investment adviser thrift institutions providing investment advice to certain clients.

Timetable:
Action Date FR Cite
NPRM 05/07/04 69 FR 25778
NPRM Comment Period End 07/09/04
Final Action 09/00/05

Regulatory Flexibility Analysis Required:

No

Government Levels Affected:

Undetermined

URL For More Information:
www.sec.gov/rules/proposed/34.49639.htm

Agency Contact:

Jennifer L. Sawin, Office of Investment Adviser Regulation, Division of Investment Management, Securities and Exchange Commission, 450 5th Street NW, Washington, DC 20549
Phone: 202 551-6787

RIN:

3235-AI16

4048. AMENDMENTS TO FORM ADV

Agency:

Securities and Exchange Commission (SEC)/Division of Investment Management

Priority:

Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority:

15 USC 80b-4, 80b-6(4), 80bll(a), 80b-3(c)(1); 15 USC 77s(a); 15 USC 78(a), 78bbb(e)(2); 15 USC 77sss(a); 15 USC 78(s)-37(a)

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

17 CFR 275.204-2; 17 CFR 275.204-3; 17 CFR 275.206(4)-4; 17 CFR 279.1

Legal Deadline:

None

Abstract:

In 2000, the Commission proposed amendments to Form ADV and related rules to create an electronic filing system for investment advisers and to improve the quality of information that advisers must provide to clients and prospective clients. The Commission adopted amendments to Form ADV and the final amendments to part 1 of Form ADV under RIN 3235-AD21. The Commission deferred adoption of the final amendments to part 2 of Form ADV. The Division of Investment Management plans to recommend that the Commission seek further public comment. Final action on amendments to part 2 of the Form ADV (and related rules), if approved by the Commission, will be published under RIN 3235-AI17.

Timetable:
Action Date FR Cite
NPRM 04/05/00 65 FR 20524
NPRM Comment Period End 06/13/00
Other 05/00/05
Final Action 12/00/05

Regulatory Flexibility Analysis Required:

Yes

Small Entities Affected:

Businesses

Government Levels Affected:

None

URL For More Information:
www.sec.gov/rules/proposed/34-42620.htm

Agency Contact:

Daniel Seth Kahl, Office of Investment Adviser Regulation, Division of Investment Management, Securities and Exchange Commission, 450 5th Street NW, Washington, DC 20549
Phone: 202 551-6787

Related RIN:

Related to 3235-AD21

RIN:

3235-AI17

4049. FUND OF FUNDS INVESTMENTS

Agency:

Securities and Exchange Commission (SEC)/Division of Investment Management

Priority:

Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority:

15 USC 80a-6(c); 15 USC 80a-12(d)(1)(J); 15 USC 80a-37(a)

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

17 CFR 12d1-1; 17 CFR 12d1-2; 17 CFR 12d1-3

Legal Deadline:

None

Abstract:

The Commission proposed new rules that would (i) allow investment companies to purchase securities issued by money market funds in excess of limits on those investments under the Investment Company Act of 1940 and (ii) alleviate certain investment and other restrictions on investment companies that invest in other investment companies (funds of funds). The Commission also proposed amendments to the forms that investment companies use to register under the Investment Company Act and offer their shares under the Securities Act of 1933. The proposed amendments would require registered funds to disclose the aggregate costs of investing in other funds.

Timetable:
Action Date FR Cite
NPRM 10/08/03 68 FR 58226
NPRM Comment Period End 12/03/03
Final Action 07/00/05

Regulatory Flexibility Analysis Required:

No

Government Levels Affected:

None

URL For More Information:
www.sec.gov/rules/proposed/33-8297.htm

Agency Contact:

Dalia Osman Blass, Division of Investment Management, Securities and Exchange Commission, 450 5th Street, Washington, DC 20549-0506
Phone: 202 551-6792

RIN:

3235-AI30

4050. EXEMPTION FROM SHAREHOLDER APPROVAL FOR CERTAIN SUBADVISORY CONTRACTS

Agency:

Securities and Exchange Commission (SEC)/Division of Investment Management

Priority:

Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority:

15 USC 80a-6(c)

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

17 CFR 270.15a-5; 17 CFR 210.6-07; 17 CFR 274.11A; 17 CFR 240.14a-10

Legal Deadline:

None

Abstract:

The Commission proposed a new rule to allow certain types of funds or their investment advisers to enter into subadvisory agreements for investment management services without obtaining shareholder approval.

Timetable:
Action Date FR Cite
NPRM 10/29/03 68 FR 61720
NPRM Comment Period End 01/08/04
Final Action 07/00/05

Regulatory Flexibility Analysis Required:

No

Government Levels Affected:

Undetermined

URL For More Information:
www.sec.gov/rules/proposed/33-8372.htm

Agency Contact:

Adam B. Glazer, Office of Regulatory Policy, Division of Investment Management, Securities and Exchange Commission, 450 5th Street NW, Washington, DC 20549
Phone: 202 551-6792

RIN:

3235-AH80

4051. AMENDMENTS TO RULES GOVERNING PRICING OF MUTUAL FUND SHARES

Agency:

Securities and Exchange Commission (SEC)/Division of Investment Management

Priority:

Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority:

15 USC 80a-22(c); 15 USC 80a-37(a)

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

17 CFR 270.22c-1

Legal Deadline:

None

Abstract:

The Commission proposed amendments to Rule 22c-1 that would provide that an order to purchase or redeem mutual fund shares would receive the current day's price only if the fund, designated transfer agents, or a registered securities clearing agency receives the order by the time the fund establishes for calculating its net asset value.

Timetable:
Action Date FR Cite
NPRM 12/17/03 68 FR 70388
NPRM Comment Period End 02/06/04
Final Action 08/00/05

Regulatory Flexibility Analysis Required:

No

Government Levels Affected:

None

URL For More Information:
www.sec.gov/rules/proposed/ic-26288.htm

Agency Contact:

Adam B. Glazer, Office of Regulatory Policy, Division of Investment Management, Securities and Exchange Commission, 450 5th Street NW, Washington, DC 20549
Phone: 202 551-6792

RIN:

3235-AJ01

4052. DISPOSAL OF CONSUMER REPORT INFORMATION

Agency:

Securities and Exchange Commission (SEC)/Division of Investment Management

Priority:

Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority:

PL 108-159, 117 Stat 1952, 214, 216

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

17 CFR 248

Legal Deadline:

Final, Statutory, September 4, 2004, Rulemaking under section 214.
Final, Statutory, December 4, 2004, Rulemaking under section 216.

Abstract:

The Commission adopted amendments to Regulation S-P to implement sections 214 and 216 of the Fair and Accurate Credit Transactions Act of 2003 (FACT Act).

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
Final Action 09/00/05

Regulatory Flexibility Analysis Required:

Undetermined

Small Entities Affected:

Businesses

Government Levels Affected:

None

URL For More Information:
www.sec.gov/rules/final/34-50781.pdf

Agency Contact:

Vincent Meehan, Division of Investment Management, Securities and Exchange Commission, 450 5th Street NW, Washington, DC 20549
Phone: 202 551-6792

RIN:

3235-AJ24

4053. DEFINITION OF ELIGIBLE PORTFOLIO COMPANY UNDER THE INVESTMENT COMPANY ACT OF 1940

Agency:

Securities and Exchange Commission (SEC)/Division of Investment Management

Priority:

Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority:

15 USC 80a-2(a)(46)(C)(iv); 15 USC 80a-37(a); 15 USC 80a-6(c)

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

17 CFR 270.2a-46; 17 CFR 270.55a-1

Legal Deadline:

None

Abstract:

The Commission proposed two new rules under the Investment Company Act to modernize the definition of "eligible portfolio company" by creating a new standard for delineating those companies that do not have ready access to the public capital markets. The rules are designed to realign the definition of eligible investment company in a manner that would promote the flow of capital to small, developing, and financially troubled companies.

Timetable:
Action Date FR Cite
NPRM 11/08/04 69 FR 64816
NPRM Comment Period End 01/07/05
Final Action 09/00/05

Regulatory Flexibility Analysis Required:

Yes

Small Entities Affected:

Businesses

Government Levels Affected:

Undetermined

URL For More Information:
www.sec.gov/rules/proposed/ic-26647.htm

Agency Contact:

Rochelle Kauffman-Plesset, Office of the Chief Counsel, Division of Investment Management, Securities and Exchange Commission, 450 5th Street NW, Washington, DC 20549
Phone: 202 551-6840

RIN:

3235-AJ31

4054. RULEMAKING FOR EDGAR SYSTEM

Agency:

Securities and Exchange Commission (SEC)/Division of Investment Management

Priority:

Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority:

15 USC 77f; 15 USC 77g; 15 USC 77h; 15 USC 77j; 15 USC 77s(a); 15 USC 78c; 15 USC 781; 15 USC 78m; 15 USC 78n; 15 USC 78o(d); 15 USC 78w(a); 15 USC 78ll; 15 USC 77sss; 15 USC 79c; 15 USC 79e; 15 USC 79f; 15 USC 79g; 15 USC 79j; 15 USC 79l; 15 USC 79m; 15 USC 79n; 15 USC 79q; 15 USC 79t; 15 USC 80a-8; 15 USC 80a-29; 15 USC 80a-30; 15 USC 80a-37

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

17 CFR 232.101 to 232.601

Legal Deadline:

None

Abstract:

In connection with the ongoing modernization of the Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system, the Commission proposed amendments to existing rules and forms to make technical and clarifying corrections and to expand the categories of mandatory electronic filings and to identify series and classes for certain investment company filings.

Timetable:
Action Date FR Cite
NPRM 03/23/04 69 FR 13690
NPRM Comment Period End 05/24/04
Final Action 05/00/05

Regulatory Flexibility Analysis Required:

No

Government Levels Affected:

None

URL For More Information:
www.sec.gov/rules/proposed/33-8401.htm

Agency Contact:

Ruth Armfield Sanders, Senior Special Counsel, Division of Investment Management, Securities and Exchange Commission, 450 5th Street NW, Washington, DC 20549
Phone: 202 551-6960

RIN:

3235-AI18

4055. PUHCA: EXEMPTION FOR CERTAIN ACQUISITIONS OF FOREIGN UTILITY COMPANIES; SUBSIDIARIES AUTHORIZED TO PERFORM SERVICES OR CONSTRUCTION OR TO SELL GOODS

Agency:

Securities and Exchange Commission (SEC)/Division of Investment Management

Priority:

Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority:

15 USC 79e; 15 USC 79f(b); 15 USC 79i(c)(3); 15 USC 79t; 15 USC 79z-5a; 15 USC 79z-5b; 15 USC 79; 15 USC 79j; 15 USC 79l; 15 USC 79m; 15 USC 79n; 15 USC 79o

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

17 CFR 250.55 (New); 17 CFR 250.87 (Revision); 17 CFR 259.56 (Revision); 17 CFR 259.207 (Revision)

Legal Deadline:

None

Abstract:

Proposed Rule 55 under the Public Utility Holding Company Act is intended to provide a safe harbor for those acquisitions of one or more foreign utility companies by a registered holding company that meet specified criteria. Proposed Rule 56, previously considered in RIN 3235-AF79, clarifies that a subsidiary of a registered holding company that is engaged exclusively in the business of owning an interest in one or more foreign utility companies will be deemed a foreign utility company. The proposed amendment to Rule 87 would require registered holding companies to obtain Commission approval of intrasystem agreements involving foreign utility companies and exempt wholesale generators.

Timetable:
Action Date FR Cite
NPRM 03/15/93 58 FR 13719
NPRM Comment Period End 04/14/93
Second NPRM 02/07/01 66 FR 9247
Second NPRM Comment Period End 04/09/01
Final Action 10/00/05

Regulatory Flexibility Analysis Required:

No

Small Entities Affected:

No

Government Levels Affected:

None

URL For More Information:
www.sec.gov/rules/proposed/35-27342.htm

Agency Contact:

Alberto Zapata, Division of Investment Management, Securities and Exchange Commission, 450 5th Street NW, Washington, DC 20549
Phone: 202 551-6944

Related RIN:

Related to 3235-AF79

RIN:

3235-AF78


Securities and Exchange Commission (SEC)

Completed Actions

Division of Investment Management


4056. CERTAIN BROKER-DEALERS DEEMED NOT TO BE INVESTMENT ADVISERS

Agency:

Securities and Exchange Commission (SEC)/Division of Investment Management

Priority:

Substantive, Nonsignificant

Legal Authority:

15 USC 80b-2(a)(11)(F); 15 USC 80b-11(a)

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

17 CFR 275.202(a)(11)-1

Legal Deadline:

None

Abstract:

The Commission adopted a final rule, which excludes from the definition of investment adviser those broker-dealers offering certain nondiscretionary, full-service brokerage programs so long as the investment advice provided is solely incidental to the brokerage services and other conditions are satisfied. The final rule also addresses services that will be considered solely incidental to brokerage.

Timetable:
Action Date FR Cite
NPRM 11/10/99 64 FR 61226
NPRM Comment Period End 01/14/00
NPRM Comment Period Reopened 08/20/04 69 FR 51620
NPRM Comment Period End 09/22/04
Second NPRM 01/14/05 70 FR 2716
Second NPRM Comment Period End 02/07/05
Interim Final Rule 01/14/05 70 FR 2712
Interim Final Rule Effective 01/06/05
Final Action 04/19/05 70 FR 20454
Final Action Effective 05/23/05

Regulatory Flexibility Analysis Required:

Yes

Small Entities Affected:

Businesses

Government Levels Affected:

None

URL For More Information:
http://www.sec.gov/rules/proposed/34-50980.htm

Agency Contact:

Jennifer L. Sawin, Office of Investment Adviser Regulation, Division of Investment Management, Securities and Exchange Commission, 450 5th Street NW, Washington, DC 20549
Phone: 202 551-6787

RIN:

3235-AH78

4057. REGISTRATION UNDER THE ADVISERS ACT OF CERTAIN HEDGE FUND ADVISERS

Agency:

Securities and Exchange Commission (SEC)/Division of Investment Management

Priority:

Other Significant. Major under 5 USC 801.

Legal Authority:

15 USC 204; 15 USC 205(e); 15 USC 206(4); 15 USC 206A; 15 USC 211(a)

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

17 CFR 203(b)(3)-2

Legal Deadline:

None

Abstract:

The Commission adopted Rule 203(b)(3)-2 and related amendments that require certain advisers to hedge funds to register under the Investment Advisers Act of 1940.

Timetable:
Action Date FR Cite
NPRM 07/28/04 69 FR 45172
NPRM Comment Period End 09/15/04
Final Action 12/10/04 69 FR 72054
Final Action Effective 02/10/05

Regulatory Flexibility Analysis Required:

No

Government Levels Affected:

None

URL For More Information:
www.sec.gov/rules/final/ia-2333.htm

Agency Contact:

Jennifer L. Sawin, Office of Investment Adviser Regulation, Division of Investment Management, Securities and Exchange Commission, 450 5th Street NW, Washington, DC 20549
Phone: 202 551-6787

RIN:

3235-AJ25

4058. DISCLOSURE REGARDING PORTFOLIO MANAGERS OF REGISTERED MANAGEMENT INVESTMENT COMPANIES

Agency:

Securities and Exchange Commission (SEC)/Division of Investment Management

Priority:

Substantive, Nonsignificant

Legal Authority:

15 USC 77a et seq; 15 USC 78a et seq; 15 USC 80a-1 et seq

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

17 CFR 270.30a-2; 17 CFR 274.11A; 17 CFR 274.11a-1; 17 CFR 274.11b ; 17 CFR 274.128 ; 17 CFR 239.14; 17 CFR 239.15A ; 17 CFR 239.17a; 17 CFR 249.331

Legal Deadline:

None

Abstract:

The Commission adopted amendments that require improved disclosure regarding fund portfolio managers, including disclosure regarding the structure of portfolio manager compensation, ownership of shares of the funds, and other investment companies or accounts that are managed by a portfolio manager to a registered fund.

Timetable:
Action Date FR Cite
NPRM 03/17/04 69 FR 12752
NPRM Comment Period End 05/21/04
Final Rule 08/27/04 69 FR 52788
Final Action Effective 10/01/04 69 FR 76022

Regulatory Flexibility Analysis Required:

No

Government Levels Affected:

None

URL For More Information:
www.sec.gov/rules/final/33-8458.htm

Agency Contact:

Sanjay Lamba, Senior Counsel, Division of Investment Management, Securities and Exchange Commission, 450 5th Street NW, Washington, DC 20549
Phone: 202 551-6771

RIN:

3235-AJ16

4059. MUTUAL FUND REDEMPTION FEES

Agency:

Securities and Exchange Commission (SEC)/Division of Investment Management

Priority:

Substantive, Nonsignificant. Major under 5 USC 801.

Legal Authority:

15 USC 80a-11(a); 15 USC 80a-22(c); 15 USC 80a-37(a)

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

17 CFR 270.22c-2; 17 CFR 270.11a-3

Legal Deadline:

None

Abstract:

The Commission proposed new Rule 22c-2 under the Investment Company Act to require mutual funds (with certain exceptions) to impose a 2 percent fee on the redemption of fund shares purchased within the previous 5 business days. On March 3, 2005, the Commission voted to adopt new Rule 22c-2, which requires boards of mutual funds that redeem shares within 7 days to (i) adopt a redemption fee of no more than 2 percent or (ii) determine that a redemption fee is not necessary or appropriate for the fund. The rule also requires funds that redeem shares within 7 days to enter into agreements obligating their intermediaries to (i) provide certain shareholder trading information and (ii) enforce the fund's market timing policies. The Commission also requested comment to obtain further views on whether it should establish uniform standards for redemption fees that funds choose to charge under the rule.

Timetable:
Action Date FR Cite
NPRM 03/11/04 69 FR 11762
NPRM Comment Period End 05/10/04
Final Action 03/18/05 70 FR 13328
Final Action Effective 05/23/05

Regulatory Flexibility Analysis Required:

No

Small Entities Affected:

Businesses

Government Levels Affected:

None

URL For More Information:
www.sec.gov/rules/final/ic-26782.pdf

Agency Contact:

William C. Middlebrooks Jr., Office of Regulatory Policy, Division of Investment Management, Securities and Exchange Commission, 450 5th Street NW, Washington, DC 20549
Phone: 202 551-6792
Email: middlebrooks@sec.gov

RIN:

3235-AJ17


Securities and Exchange Commission (SEC)

Proposed Rule Stage

Division of Market Regulation


4060. RISK ASSESSMENT RECORDKEEPING AND REPORTING REQUIREMENT

Agency:

Securities and Exchange Commission (SEC)/Division of Market Regulation

Priority:

Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority:

15 USC 78a(h)

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

17 CFR 240.17h-1T; 17 CFR 240.17h-2T

Legal Deadline:

None

Abstract:

The Risk Assessment Recordkeeping and Reporting Requirements, which became effective September 30, 1992, following notice and comment, were adopted as temporary rules pursuant to the Market Reform Act of 1990. These rules contain recordkeeping and reporting requirements with regard to Material Associated Persons of broker-dealers. The Division of Market Regulation plans to recommend that the Commission propose final rules replacing the temporary rules.

Timetable:
Action Date FR Cite
NPRM 10/00/05

Regulatory Flexibility Analysis Required:

Undetermined

Government Levels Affected:

None

Agency Contact:

Thomas K. McGowan, Office of Risk Management, Division of Market Regulation, Securities and Exchange Commission, 450 5th Street NW, Washington, DC 20549
Phone: 202 942-4886
Fax: 202 942-9553

RIN:

3235-AH06

4061. REGISTRATION REQUIREMENTS FOR BANKS ACTING AS BROKERS OR DEALERS IN SECURITY FUTURES PRODUCTS

Agency:

Securities and Exchange Commission (SEC)/Division of Market Regulation

Priority:

Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority:

15 USC 78o(i)

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

Not Yet Determined

Legal Deadline:

None

Abstract:

The Division of Market Regulation is considering recommending to the Commission to propose Rule 15i-1, which would apply the broker-dealer registration requirements of the Exchange Act to banks that act as brokers or dealers in security futures products.

Timetable:
Action Date FR Cite
NPRM 09/00/05

Regulatory Flexibility Analysis Required:

Undetermined

Government Levels Affected:

None

Agency Contact:

Sean P. O'Malley, Special Counsel, Division of Market Regulation, Securities and Exchange Commission, 450 5th Street NW, Washington, DC 20549
Phone: 202 942-0734

RIN:

3235-AI83

4062. SECURITIES TRANSACTIONS SETTLEMENT

Agency:

Securities and Exchange Commission (SEC)/Division of Market Regulation

Priority:

Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority:

15 USC 78q-1

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

Not Yet Determined

Legal Deadline:

None

Abstract:

The Securities and Exchange Commission is seeking comment on methods to improve the safety and operational efficiency of the U.S. clearance and settlement system and to help the U.S. securities industry achieve straight-through processing. The concept release focuses on trade confirmation and affirmation processes, shortening the settlement cycle, and reducing the use of physical securities.

Timetable:
Action Date FR Cite
ANPRM 03/18/04 69 FR 12922
ANPRM Comment Period End 06/16/04
NPRM 08/00/05

Regulatory Flexibility Analysis Required:

No

Government Levels Affected:

Undetermined

URL For More Information:
www.sec.gov/rules/concept/33-8398.htm

Agency Contact:

Jerry Carpenter, Division of Market Regulation, Securities and Exchange Commission, 450 5th Street NW, Washington, DC 20549
Phone: 202 942-4187
Fax: 202 942-9695
Email: carpenterj@sec.gov

RIN:

3235-AJ19

4063. CONCEPT RELEASE CONCERNING SELF-REGULATION

Agency:

Securities and Exchange Commission (SEC)/Division of Market Regulation

Priority:

Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority:

not applicable

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

None

Legal Deadline:

None

Abstract:

The Commission issued a concept release on SRO structure to solicit public comment on a wide range of issues related to the efficacy of the SRO system.

Timetable:
Action Date FR Cite
ANPRM 12/08/04 69 FR 71256
ANPRM Comment Period End 03/08/05
NPRM 04/00/06

Regulatory Flexibility Analysis Required:

Undetermined

Government Levels Affected:

Undetermined

URL For More Information:
www.sec.gov/rules/concept/34-50700.htm

Agency Contact:

Nancy J. Sanow, Office of Market Supervision, Division of Market Regulation, Securities and Exchange Commission, 450 5th Street NW, Washington, DC 20549
Phone: 202 942-0796
Fax: 202 942-9695
Email: sanown@sec.gov

RIN:

3235-AJ36

4064. PROCESSING OF REORGANIZATION EVENTS, TENDER OFFERS, AND EXCHANGE OFFERS

Agency:

Securities and Exchange Commission (SEC)/Division of Market Regulation

Priority:

Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

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);