Securities Law Updates | New Statutes, Regulations and Rules
August 9, 2010
SEC Announces Open Process for Regulatory Reform Rulemaking
Process of Regulatory Rule-Making under the Dodd-Frank Wall Street Reform and Consumer Protection Act
No. 2010-135, 7/27/2010
The Securities and Exchange Commission (“SEC,” or “Commission”), through its Chairman Mary L. Schapiro, has announced that the agency is making it easier for the public to provide comments as the agency sets out to make rules required under the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Under a new process, the public will be able to comment before the agency even proposes its regulatory reform rules and amendments. Additionally, the SEC will provide greater public disclosure of meetings with SEC staff.
The new process goes well beyond what is legally required and will provide expanded opportunity for public comment…
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