[Federal Register Volume 82, Number 163 (Thursday, August 24, 2017)]
[Proposed Rules]
[Pages 40451-40457]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-17017]
[[Page 40451]]
Vol. 82
Thursday,
No. 163
August 24, 2017
Part XXVIII
Securities and Exchange Commission
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Semiannual Regulatory Agenda
Federal Register / Vol. 82 , No. 163 / Thursday, August 24, 2017 /
Unified Agenda
[[Page 40452]]
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SECURITIES AND EXCHANGE COMMISSION
17 CFR Ch. II
[Release Nos. 33-10333, 34-80357, IA-4677, IC-32588, File No. S7-04-17]
Regulatory Flexibility Agenda
AGENCY: Securities and Exchange Commission.
ACTION: Semiannual regulatory agenda.
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SUMMARY: The Securities and Exchange Commission is publishing the
Chairman's agenda of rulemaking actions pursuant to the Regulatory
Flexibility Act (RFA) (Pub. L. 96-354, 94 Stat. 1164) (Sep. 19, 1980).
The items listed in the Regulatory Flexibility Agenda for spring 2017
reflect only the priorities of the Acting Chairman of the U.S.
Securities and Exchange Commission, and do not necessarily reflect the
view and priorities of any individual Commissioner.
Information in the agenda was accurate on March 29, 2017, 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.
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 an RFA 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 September 25, 2017.
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 email to [email protected]. Please include
File Number S7-04-17 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 to Brent J. Fields, Secretary,
Securities and Exchange Commission, 100 F Street NE., Washington, DC
20549-1090.
All submissions should refer to File No. S7-04-17. This file number
should be included on the subject line if email 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 Web site viewing and printing in the Commission's
Public Reference Room, 100 F Street NE., Washington, DC 20549, on
official business days between the hours of 10:00 a.m. and 3:00 p.m.
All comments received will be posted without change; we do not edit
personal identifying information from submissions. You should submit
only information that you wish to make available publicly.
FOR FURTHER INFORMATION CONTACT: Mykaila DeLesDernier, Office of the
General Counsel, 202-551-5129.
SUPPLEMENTARY INFORMATION: The RFA requires each Federal agency, twice
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 gency is not required to consider or act on any matter that is
included in the agenda (5 U.S.C. 602(d)). The Commission may consider
or act on any matter earlier or later than the estimated date provided
on the agenda. While the agenda reflects the current intent to complete
a number of rulemakings in the next year, the precise dates for each
rulemaking at this point are uncertain. 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
``Dodd Frank Act''--Dodd-Frank Wall Street Reform and Consumer
Protection Act
``JOBS Act''--Jumpstart Our Business Startups Act
The Commission invites public comment on the agenda and on the
individual agenda entries.
By the Commission.
Dated: March 31, 2017.
Brent J. Fields,
Secretary.
Division of Corporation Finance--Proposed Rule Stage
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Regulation
Sequence No. Title Identifier No.
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380....................... Amendments to Interactive 3235-AL59
Data (XBRL) Program.
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Division of Corporation Finance--Final Rule Stage
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Regulation
Sequence No. Title Identifier No.
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381....................... Amendments to Smaller 3235-AL90
Reporting Company
Definition.
382....................... Modernization of Property 3235-AL81
Disclosures for Mining
Registrants.
383....................... Disclosure Update and 3235-AL82
Simplification.
384....................... Form 10-K Summary......... 3235-AL89
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[[Page 40453]]
Division of Corporation Finance--Long-Term Actions
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Regulation
Sequence No. Title Identifier No.
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385....................... Amendments to Regulation 3235-AL46
D, Form D and Rule 156
Under the Securities Act.
386....................... Disclosure of Hedging by 3235-AL49
Employees, Officers and
Directors.
387....................... Listing Standards for 3235-AK99
Recovery of Erroneously
Awarded Compensation.
388....................... Pay Versus Performance.... 3235-AL00
389....................... Universal Proxy........... 3235-AL84
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Division of Corporation Finance--Completed Actions
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Regulation
Sequence No. Title Identifier No.
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390....................... Exhibit Hyperlinks and 3235-AL95
HTML Format.
391....................... Exemptions To Facilitate 3235-AL80
Intrastate and Regional
Securities Offerings.
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Division of Investment Management--Proposed Rule Stage
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Regulation
Sequence No. Title Identifier No.
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392....................... Reporting of Proxy Votes 3235-AK67
on Executive Compensation
and Other Matters.
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Division of Investment Management--Final Rule Stage
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Regulation
Sequence No. Title Identifier No.
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393....................... Adviser Business 3235-AL62
Continuity and Transition
Plans.
394....................... Investment Company 3235-AL42
Reporting Modernization;
Option for Website
Transmission of
Shareholder Reports.
395....................... Use of Derivatives by 3235-AL60
Registered Investment
Companies and Business
Development Companies.
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Division of Investment Management--Completed Actions
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Regulation
Sequence No. Title Identifier No.
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396....................... Investment Company 3235-AL61
Liquidity Risk Management
Programs; Investment
Company Swing Pricing.
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Division of Trading and Markets--Long-Term Actions
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Regulation
Sequence No. Title Identifier No.
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397....................... Removal of Certain 3235-AL14
References to Credit
Ratings Under the
Securities Exchange Act
of 1934.
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Division of Trading and Markets--Completed Actions
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Regulation
Sequence No. Title Identifier No.
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398....................... Amendment to Securities 3235-AL86
Transaction Settlement
Cycle.
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SECURITIES AND EXCHANGE COMMISSION (SEC)
Division of Corporation Finance
Proposed Rule Stage
380. Amendments to Interactive Data (XBRL) Program
Legal Authority: 15 U.S.C. 77g; 15 U.S.C. 78w(a); 15 U.S.C. 80a-37
Abstract: The Commission proposed amendments to the XBRL rules to
provide for companies to use Inline XBRL to file a single combined
document.
Timetable:
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Action Date FR Cite
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NPRM................................ 03/17/17 82 FR 14282
NPRM Comment Period End............. 05/16/17
Final Action........................ 04/00/18
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Regulatory Flexibility Analysis Required: Yes.
Agency Contact: Mark W. Green, Division of Corporation Finance,
Securities and Exchange Commission, 100 F Street NE., Washington, DC
20549-0301, Phone: 202 551-3430, Fax: 202 772-9207.
RIN: 3235-AL59
[[Page 40454]]
SECURITIES AND EXCHANGE COMMISSION (SEC)
Division of Corporation Finance
Final Rule Stage
381. Amendments to Smaller Reporting Company Definition
Legal Authority: Not Yet Determined
Abstract: The Commission proposed revisions to the ``smaller
reporting company'' definitions and related provisions.
Timetable:
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Action Date FR Cite
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NPRM................................ 07/01/16 81 FR 43130
NPRM Comment Period End............. 08/30/16
Final Action........................ 04/00/18
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Regulatory Flexibility Analysis Required: Yes.
Agency Contact: Amy Reischauer, Securities and Exchange Commission,
110 F Street NE., Washington, DC 20549, Phone: 202 551-3460, Email:
[email protected].
RIN: 3235-AL90
382. Modernization of Property Disclosures for Mining Registrants
Legal Authority: 15 U.S.C. 77c(b); 15 U.S.C. 77g; 15 U.S.C. 77j; 15
U.S.C. 78c(b); 15 U.S.C. 77l; 15 U.S.C. 78m; 15 U.S.C. 780(d)
Abstract: The Commission proposed rules to modernize and clarify
the disclosure requirements for companies engaged in mining operations.
Timetable:
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Action Date FR Cite
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NPRM................................ 06/27/16 81 FR 41652
NPRM Comment Period End............. 08/26/16 .......................
NPRM Comment Period Extended........ 08/26/16 81 FR 58877
NPRM Comment Period Extended End.... 09/26/16 .......................
Final Action........................ 04/00/18 .......................
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Regulatory Flexibility Analysis Required: Yes.
Agency Contact: Elliot Staffin, Division of Corporation Finance,
Securities and Exchange Commission, 100 F Street NE., Washington, DC
20549, Phone: 202 551-3450, Email: [email protected].
RIN: 3235-AL81
383. Disclosure Update and Simplification
Legal Authority: 15 U.S.C. 77a et seq.; 15 U.S.C. 78a et seq.; 15
U.S.C. 80a-1 et seq.; Pub. L. 114-94
Abstract: The Commission proposed rules to update certain
disclosure requirements in Regulations S-X and S-K that may have become
redundant, duplicative, overlapping, outdated or superseded in light of
other Commission disclosure requirements, U.S. Generally Accepted
Accounting Principles, International Financial Reporting Standards, or
changes in the information environment.
Timetable:
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Action Date FR Cite
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NPRM................................ 08/04/16 81 FR 51607
NPRM Comment Period Extended........ 09/29/16 81 FR 66898
NPRM Comment Period End............. 10/03/16 .......................
NPRM Comment Period Extended End.... 11/02/16 .......................
Final Action........................ 04/00/18 .......................
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Regulatory Flexibility Analysis Required: Yes.
Agency Contact: Nili Shah, Division of Corporation Finance,
Securities and Exchange Commission, 100 F Street NE., Washington, DC
20549, Phone: 202 551-3255, Email: [email protected].
RIN: 3235-AL82
384. Form 10-K Summary
Legal Authority: Pub. L. 114-94; 15 U.S.C. 78c; 15 U.S.C. 78l; 15
U.S.C. 78m; 15 U.S.C. 78o; 15 U.S.C. 78w
Abstract: The Commission adopted an interim final amendment to
implement Section 72001 of the FAST Act by permitting an issuer to
include a summary in its Form l0-K and also requested comment on the
interim final amendment.
Timetable:
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Action Date FR Cite
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Interim Final Rule.................. 06/09/16 81 FR 37132
Interim Final Rule Effective........ 06/09/16 .......................
Interim Final Rule Comment Period 07/11/16 .......................
End.
Final Action........................ 04/00/18 .......................
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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, Fax: 202 772-9207, Email:
[email protected].
RIN: 3235-AL89
SECURITIES AND EXCHANGE COMMISSION (SEC)
Division of Corporation Finance
Long-Term Actions
385. Amendments to Regulation D, Form D and Rule 156 Under the
Securities Act
Legal Authority: 15 U.S.C. 77a et seq.
Abstract: The Commission proposed rule and form amendments to
enhance the Commission's ability to evaluate the development of market
practices in offerings under Rule 506 of Regulation D and address
concerns that may arise in connection with permitting issuers to engage
in general solicitation and general advertising under new paragraph (c)
of Rule 506.
Timetable:
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Action Date FR Cite
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NPRM................................ 07/24/13 78 FR 44806
NPRM Comment Period End............. 09/23/13 .......................
NPRM Comment Period Reopened........ 10/03/13 78 FR 61222
NPRM Comment Period Reopened End.... 11/04/13 .......................
-----------------------------------
Final Action........................ To Be Determined
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Regulatory Flexibility Analysis Required: Yes.
Agency Contact: Mark Vilardo, Division of Corporation Finance,
Securities and Exchange Commission, 100 F Street NE., Washington, DC
20549, Phone: 202 551-3500, Email: [email protected].
RIN: 3235-AL46
386. Disclosure of Hedging by Employees, Officers and Directors
Legal Authority: Pub. L. 111-203
Abstract: The Commission proposed rules to implement section 955 of
the Dodd-Frank Act, which added section 14(j) to the Exchange Act to
require annual meeting proxy statement disclosure of whether employees
or members of the board of directors are permitted to engage in
transactions to hedge or offset any decrease in the market value of
equity securities granted to the employee or board member as
compensation, or held directly or indirectly by the employee or board
member.
Timetable:
[[Page 40455]]
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Action Date FR Cite
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NPRM................................ 02/17/15 80 FR 8486
NPRM Comment Period End............. 04/20/15 .......................
-----------------------------------
Final Action........................ To Be Determined
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Regulatory Flexibility Analysis Required: Yes.
Agency Contact: Carolyn Sherman, Division of Corporation Finance,
Securities and Exchange Commission, 100 F Street NE., Washington, DC
20549, Phone: 202 551-3500, Email: [email protected].
RIN: 3235-AL49
387. Listing Standards for Recovery of Erroneously Awarded Compensation
Legal Authority: Pub. L. 111-203, sec. 954; 15 U.S.C. 78j-4
Abstract: The Commission proposed rules to implement section 954 of
the Dodd-Frank Act, which requires the Commission to adopt rules to
direct national securities exchanges to prohibit the listing of
securities of issuers that have not developed and implemented a policy
providing for disclosure of the issuer's policy on incentive-based
compensation and mandating the clawback of such compensation in certain
circumstances.
Timetable:
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Action Date FR Cite
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NPRM................................ 07/14/15 80 FR 41144
NPRM Comment Period End............. 09/14/15 .......................
-----------------------------------
Final Action........................ To Be Determined
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Regulatory Flexibility Analysis Required: Yes.
Agency Contact: Anne M. Krauskopf, Division of Corporation Finance,
Securities and Exchange Commission, 100 F Street NE., Washington, DC
20549, Phone: 202 551-3500.
RIN: 3235-AK99
388. Pay Versus Performance
Legal Authority: Pub. L. 111-203, sec.953(a); 15 U.S.C. 78c(b); 15
U.S.C. 78cn; 15 U.S.C. 78w(a); 15 U.S.C. 78mm
Abstract: The Commission proposed rules to implement section 953(a)
of the Dodd-Frank Act, which added section 14(i) to the Exchange Act to
require issuers to disclose information that shows the relationship
between executive compensation actually paid and the financial
performance of the issuer.
Timetable:
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Action Date FR Cite
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NPRM................................ 05/07/15 80 FR 26329
NPRM Comment Period End............. 07/06/15 .......................
-----------------------------------
Final Action........................ To Be Determined
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Regulatory Flexibility Analysis Required: Yes.
Agency Contact: Steven G. Hearne, Division of Corporation Finance,
Securities and Exchange Commission, 100 F Street NE., Washington, DC
20549, Phone: 202 551-3430, Email: [email protected].
RIN: 3235-AL00
389. Universal Proxy
Legal Authority: 15 U.S.C. 78n; 15 U.S.C. 78w(a)
Abstract: The Commission proposed to amend the proxy rules to
expand shareholders' ability to vote by proxy to select among duly-
nominated candidates in a contested election of directors.
Timetable:
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Action Date FR Cite
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NPRM................................ 11/10/16 81 FR 79122
NPRM Comment Period End............. 01/09/17 .......................
-----------------------------------
Final Action........................ To Be Determined
------------------------------------------------------------------------
Regulatory Flexibility Analysis Required: Yes.
Agency Contact: Steven G. Hearne, Division of Corporation Finance,
Securities and Exchange Commission, 100 F Street NE., Washington, DC
20549, Phone: 202 551-3430, Email: [email protected].
RIN: 3235-AL84
SECURITIES AND EXCHANGE COMMISSION (SEC)
Division of Corporation Finance
Completed Actions
390. Exhibit Hyperlinks and HTML Format
Legal Authority: 15 U.S.C. 77f; 15 U.S.C. 77g; 15 U.S.C. 77h; 15
U.S.C. 77j; 15 U.S.C. 77s(a); 15 U.S.C. 78c; 15 U.S.C. 78l; 15 U.S.C.
78m; 15 U.S.C. 78o(d); 15 U.S.C. 78w(a); 15 U.S.C. 78ll
Abstract: The Commission adopted rules to facilitate access to
exhibits identified in the exhibit index of certain filings through the
use of hyperlinks.
Timetable:
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Action Date FR Cite
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NPRM................................ 09/12/16 81 FR 62689
NPRM Comment Period End............. 10/27/16
Final Action........................ 03/17/17 82 FR 14130
Final Action Effective.............. 09/01/17
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Regulatory Flexibility Analysis Required: Yes.
Agency Contact: Sean Harrison, Division of Corporation Finance,
Securities and Exchange Commission, 100 F Street NE., Washington, DC
20549, Phone: 202 551-3430.
RIN: 3235-AL95
391. Exemptions To Facilitate Intrastate and Regional Securities
Offerings
Legal Authority: 15 U.S.C. 77c; 15 U.S.C. 77s; 15 U.S.C. 77z-3; 15
U.S.C. 78l; 15 U.S.C. 78m; 15 U.S.C. 78o; 15 U.S.C. 78w; 15 U.S.C.
78mm; 15 U.S.C. 80a-37; 15 U.S.C. 80b-11
Abstract: The Commission adopted rules to modernize Rules 147 and
504 under the Securities Act to facilitate intrastate and regional
securities offerings.
Timetable:
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Action Date FR Cite
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NPRM................................ 11/10/15 80 FR 69786
NPRM Comment Period End............. 01/11/16
Final Action........................ 11/21/16 81 FR 83494
Final Action Effective--(Rule 504) 01/20/17
and (Rule 30-1).
Final Action Effective--(Rule 147) 04/20/17
and (Rule 147A).
Final Action Effective--(Rule 505) 05/22/17
and all Other Amendments.
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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, Email: [email protected].
RIN: 3235-AL80
[[Page 40456]]
SECURITIES AND EXCHANGE COMMISSION (SEC)
Division of Investment Management
Proposed Rule Stage
392. Reporting of Proxy Votes on Executive Compensation and Other
Matters
Legal Authority: 15 U.S.C. 78m; 15 U.S.C. 78w(a); 15 U.S.C. 78mm;
15 U.S.C. 78x; 15 U.S.C. 80a-8; 15 U.S.C. 80a-29; 15 U.S.C. 80a-30; 15
U.S.C. 80a-37; 15 U.S.C. 80a-44; Pub. L. 111-203, sec 951
Abstract: The Division is considering recommending that the
Commission repropose rule amendments to implement section 951 of the
Dodd-Frank Act. The Commission previously proposed amendments to rules
and Form N-PX that would require institutional investment managers
subject to section 13(f) of the Exchange Act to report how they voted
on any shareholder vote on executive compensation or golden parachutes
pursuant to sections 14A(a) and (b) of the Exchange Act.
Timetable:
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Action Date FR Cite
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NPRM................................ 10/28/10 75 FR 66622
NPRM Comment Period End............. 11/18/10
Second NPRM......................... 04/00/18
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Regulatory Flexibility Analysis Required: Yes.
Agency Contact: Matthew DeLesDernier, Division of Investment
Management, Securities and Exchange Commission, 100 F Street NE.,
Washington, DC 20549, Phone: 202 551-6792, Email:
[email protected].
RIN: 3235-AK67
SECURITIES AND EXCHANGE COMMISSION (SEC)
Division of Investment Management
Final Rule Stage
393. Adviser Business Continuity and Transition Plans
Legal Authority: 15 U.S.C. 80b-4; 15 U.S.C. 80b-6(4); 15 U.S.C.
80b-11(a)
Abstract: The Commission proposed a new rule that would require
investment advisers registered with the Commission to adopt and
implement written business continuity and transition plans.
Timetable:
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Action Date FR Cite
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NPRM................................ 07/05/16 81 FR 43530
NPRM Comment Period End............. 09/06/16
Final Action........................ 04/00/18
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Regulatory Flexibility Analysis Required: Yes.
Agency Contact: Alpa Patel, Division of Investment Management,
Securities and Exchange Commission, 100 F Street NE., Washington, DC
20549, Phone: 202 551-6797, Email: [email protected].
RIN: 3235-AL62
394. Investment Company Reporting Modernization; Option for Website
Transmission of Shareholder Reports
Legal Authority: 15 U.S.C. 77 et seq.; 15 U.S.C. 77aaa et seq.; 15
U.S.C. 78a et seq.; 15 U.S.C. 80a et seq.; 44 U.S.C. 3506; 44 U.S.C.
3507
Abstract: The Commission adopted new rules and forms as well as
amendments to its rules and forms to modernize the reporting and
disclosure of information by registered investment companies. The
Commission proposed new rule 30e-3, which would permit, but not require
registered investment companies to transmit periodic reports to their
shareholders by making the reports accessible on a Web site and
satisfying certain other conditions. The Commission has not finalized
proposed rule 30e-3.
Timetable:
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Action Date FR Cite
------------------------------------------------------------------------
NPRM................................ 06/12/15 80 FR 33590
NPRM Comment Period End............. 08/11/15
NPRM Comment Period Reopened........ 10/12/15 80 FR 62274
NPRM Comment Period Reopened End.... 01/13/16
Final Action........................ 11/18/16 81 FR 81870
Final Action Effective.............. 01/17/17
Final Action........................ 04/00/18
------------------------------------------------------------------------
Regulatory Flexibility Analysis Required: Yes.
Agency Contact: Sara Cortes, Division of Investment Management,
Securities and Exchange Commission, 100 F Street NE., Washington, DC
20549, Phone: 202 551-5137, Email: [email protected].
RIN: 3235-AL42
395. Use of Derivatives by Registered Investment Companies and Business
Development Companies
Legal Authority: 15 U.S.C. 80a-6(c); 15 U.S.C. 80a-31(a); 15 U.S.C.
80a-12(a); 15 U.S.C. 80a-38(a); 15 U.S.C. 80a-8; 15 U.S.C. 80a-30; 15
U.S.C. 80a-38
Abstract: The Commission proposed a new rule designed to enhance
the regulation of the use of derivatives by registered investment
companies, including mutual funds, exchange-traded funds, closed-end
funds and business development companies. The proposed rule would
regulate registered investment companies' use of derivatives and
require enhanced risk management measures.
Timetable:
------------------------------------------------------------------------
Action Date FR Cite
------------------------------------------------------------------------
NPRM................................ 12/28/15 80 FR 80884
NPRM Comment Period End............. 03/28/16
Final Action........................ 04/00/18
------------------------------------------------------------------------
Regulatory Flexibility Analysis Required: Yes.
Agency Contact: Brian Johnson, Division of Investment Management,
Securities and Exchange Commission, 100 F Street NE., Washington, DC
20549, Phone: 202 551-6740, Email: [email protected].
RIN: 3235-AL60
SECURITIES AND EXCHANGE COMMISSION (SEC)
Division of Investment Management
Completed Actions
396. Investment Company Liquidity Risk Management Programs; Investment
Company Swing Pricing
Legal Authority: 15 U.S.C. 80a-37(a); 15 U.S.C. 80a-22(c); 15
U.S.C. 80a-31(a); 15 U.S.C. 77a et seq.; 15 U.S.C. 77aaa et seq.; 15
U.S.C. 78a et seq.; 15 U.S.C. 80a et seq.
Abstract: The Commission adopted a new rule requiring open-end
funds to adopt and implement liquidity management programs. The
Commission also adopted rule amendments that permit open-end funds to
use ``swing pricing'' and form amendments that enhance disclosure
regarding fund liquidity and redemption practices.
Timetable:
------------------------------------------------------------------------
Action Date FR Cite
------------------------------------------------------------------------
NPRM................................ 10/15/15 80 FR 62274
NPRM Comment Period End............. 01/13/16
Final Action........................ 11/18/16 81 FR 82142
Final Action Effective.............. 01/17/17
Final Action Effective--Amendments 06/01/18
to Form N-CEN.
------------------------------------------------------------------------
[[Page 40457]]
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-AL61
SECURITIES AND EXCHANGE COMMISSION (SEC)
Division of Trading and Markets
Long-Term Actions
397. Removal of Certain References to Credit Ratings Under the
Securities Exchange Act of 1934
Legal Authority: Pub. L. 111-203, sec. 939A
Abstract: Section 939A of the Dodd-Frank Act requires the
Commission to remove certain references to credit ratings from its
regulations and to substitute such standards of creditworthiness as the
Commission determines to be appropriate. The Commission amended certain
rules and one form under the Exchange Act applicable to broker-dealer
financial responsibility, and confirmation of transactions. The
Commission has not yet finalized amendments to certain rules regarding
the distribution of securities.
Timetable:
------------------------------------------------------------------------
Action Date FR Cite
------------------------------------------------------------------------
NPRM................................ 05/06/11 76 FR 26550
NPRM Comment Period End............. 07/05/11
Final Action........................ 01/08/14 79 FR 1522
Final Action Effective.............. 07/07/14
-----------------------------------
Next Action Undetermined............ To Be Determined
------------------------------------------------------------------------
Regulatory Flexibility Analysis Required: Yes.
Agency Contact: John Guidroz, Division of Trading and Markets,
Securities and Exchange Commission, 100 F Street NE., Washington, DC
20549, Phone: 202 551-6439, Email: [email protected].
RIN: 3235-AL14
SECURITIES AND EXCHANGE COMMISSION (SEC)
Division of Trading and Markets
Completed Actions
398. Amendment to Securities Transaction Settlement Cycle
Legal Authority: 15 U.S.C. 78o(c)(6); 15 U.S.C. 78q-1; 15 U.S.C.
78w(a)
Abstract: The Commission proposed to amend Exchange Act Rule 15c6-1
to shorten the standard settlement period from three days to two days.
Timetable:
------------------------------------------------------------------------
Action Date FR Cite
------------------------------------------------------------------------
NPRM................................ 10/05/16 81 FR 69240
NPRM Comment Period End............. 12/05/16
Final Action........................ 03/29/17 82 FR 15564
Final Action Effective.............. 05/30/17
------------------------------------------------------------------------
Regulatory Flexibility Analysis Required: Yes.
Agency Contact: Jeffrey S. Mooney, Division of Trading and Markets,
Securities and Exchange Commission, 100 F Street NE., Washington, DC
20549, Phone: 202 942-4174, Email: [email protected].
RIN: 3235-AL86
[FR Doc. 2017-17017 Filed 8-23-17; 8:45 am]
BILLING CODE 8011-01-P