[No title available]

Part XXI

Securities and Exchange Commission

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Semiannual Regulatory Agenda

[[Page 64576]]

SECURITIES AND EXCHANGE COMMISSION (SEC)

_______________________________________________________________________

SECURITIES AND EXCHANGE COMMISSION

17 CFR Ch. II

[Release Nos. 33-9082, 34-60955, IA-2947, IC-28992, File No. S7-26-09]

Regulatory Flexibility Agenda

AGENCY: Securities and Exchange Commission.

ACTION: Semiannual regulatory agenda.

_______________________________________________________________________

SUMMARY: The Securities and Exchange Commission is publishing an agenda

of its rulemaking actions pursuant to the Regulatory Flexibility Act

(RFA) (Pub. L. No. 96-354, 94 Stat. 1164) (Sep. 19, 1980). Information

in the agenda was accurate on November 6, 2009, the day on which the

Commission's staff completed compilation of the data. To the extent

possible, rulemaking actions by the Commission since that date have

been reflected in the agenda. The Commission invites questions and

public comment on the agenda and on the individual agenda entries.

The Commission is now printing in the Federal Register, along

with our preamble, only those agenda entries for which we have

indicated that preparation of a Regulatory Flexibility Act analysis

is required.

The Commission's complete RFA agenda will be available online

at www.reginfo.gov.

DATES: Comments should be received on or before December 31, 2009.

ADDRESSES: Comments may be submitted by any of the following methods:

Electronic comments:

Use the Commission's Internet comment form (http://

www.sec.gov/rules/other.shtml); or

Send an e-mail to [email protected]. Please include File

Number S7-26-09 on the subject line; or

Use the Federal eRulemaking Portal (http://

www.regulations.gov). Follow the instructions for submitting comments.

Paper comments:

Send paper comments in triplicate to Elizabeth M. Murphy,

Secretary, Securities and Exchange Commission, 100 F Street NE.,

Washington, DC 20549-1090.

All submissions should refer to File No. S7-26-09. This file

number should be included on the subject line if e-mail is used. To

help us process and review your comments more efficiently, please

use only one method. The Commission will post all comments on the

Commission's Internet Web site (http://www.sec.gov/rules/

other.shtml). Comments are also available for public inspection and

copying in the Commission's Public Reference Room, 100 F Street

NE., Washington, DC 20549, on official business days between the

hours of 10:00 a.m. and 3:00 p.m. All comments received will be

posted without change; we do not edit personal identifying

information from submissions. You should submit only information

that you wish to make available publicly.

FOR FURTHER INFORMATION CONTACT: Anne Sullivan, Office of the General

Counsel, 202-551-5019.

SUPPLEMENTARY INFORMATION: The RFA requires each Federal agency, during

April and October of each year, to publish in the Federal Register an

agenda identifying rules that the agency expects to consider in the

next 12 months that are likely to have a significant economic impact on

a substantial number of small entities (5 U.S.C. 602(a)). The RFA

specifically provides that publication of the agenda does not preclude

an agency from considering or acting on any matter not included in the

agenda and that an agency is not required to consider or act on any

matter that is included in the agenda (5 U.S.C. 602(d)). Actions that

do not have an estimated date are placed in the long-term category; the

Commission may nevertheless act on items in that category within the

next 12 months. The agenda includes new entries, entries carried over

from prior publications, and rulemaking actions that have been

completed (or withdrawn) since publication of the last agenda.

The following abbreviations for the acts administered by the

Commission are used in the agenda:

``Securities Act''--Securities Act of 1933

``Exchange Act''--Securities Exchange Act of 1934

``Investment Company Act''--Investment Company Act of 1940

``Investment Advisers Act''--Investment Advisers Act of 1940

The Commission invites public comment on the agenda and on the

individual agenda entries.

By the Commission.

Dated: November 6, 2009.

Elizabeth M. Murphy,

Secretary.

DIVISION OF CORPORATION FINANCE--Proposed Rule Stage

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Regulation

Sequence Title Identifier

Number Number

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578 Revisions to Regulation D............................................................. 3235-AK52

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DIVISION OF CORPORATION FINANCE--Final Rule Stage

----------------------------------------------------------------------------------------------------------------

Regulation

Sequence Title Identifier

Number Number

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579 Proxy Disclosure and Solicitation Enhancements........................................ 3235-AK28

580 Amendments to Rules Requiring Internet Availability of Proxy Materials................ 3235-AK25

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[[Page 64577]]

DIVISION OF CORPORATION FINANCE--Completed Actions

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Regulation

Sequence Title Identifier

Number Number

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581 Revisions of Limited Offering Exemptions in Regulation D.............................. 3235-AJ88

582 Proxy Disclosure Regarding Executive Compensation and Related Party Transactions...... 3235-AI80

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DIVISION OF INVESTMENT MANAGEMENT--Proposed Rule Stage

----------------------------------------------------------------------------------------------------------------

Regulation

Sequence Title Identifier

Number Number

----------------------------------------------------------------------------------------------------------------

583 Indexed Annuities and Certain Other Insurance Contracts............................... 3235-AK49

----------------------------------------------------------------------------------------------------------------

DIVISION OF INVESTMENT MANAGEMENT--Final Rule Stage

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Regulation

Sequence Title Identifier

Number Number

----------------------------------------------------------------------------------------------------------------

584 Amendments to Form ADV................................................................ 3235-AI17

585 Temporary Rule Regarding Principal Trades With Certain Advisory Clients............... 3235-AJ96

586 Interagency Proposal for Model Privacy Form Under the Gramm-Leach-Bliley Act.......... 3235-AJ06

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DIVISION OF INVESTMENT MANAGEMENT--Completed Actions

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Regulation

Sequence Title Identifier

Number Number

----------------------------------------------------------------------------------------------------------------

587 Political Contributions by Certain Investment Advisers................................ 3235-AH72

588 Regulation S-AM: Limitations on Affiliate Marketing................................... 3235-AJ24

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DIVISION OF TRADING AND MARKETS--Proposed Rule Stage

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Regulation

Sequence Title Identifier

Number Number

----------------------------------------------------------------------------------------------------------------

589 Publication or Submission of Quotations Without Specified Information................. 3235-AH40

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DIVISION OF TRADING AND MARKETS--Final Rule Stage

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Regulation

Sequence Title Identifier

Number Number

----------------------------------------------------------------------------------------------------------------

590 Proposed Amendment to Municipal Securities Disclosure................................. 3235-AJ66

591 Nationally Recognized Statistical Rating Organizations................................ 3235-AK14

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DIVISION OF TRADING AND MARKETS--Long-Term Actions

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Regulation

Sequence Title Identifier

Number Number

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592 Rule 15c2-2: Confirmation of Transactions in Open-End Management Investment Company 3235-AJ11

Shares, Unit Investment Trust Interests, and Municipal Fund Securities Used for

Education Savings.....................................................................

593 Rule 15c2-3: Point-of-Sale Disclosure of Purchases in Open-End Management Investment 3235-AJ12

Company Shares, Unit Investment Trust Interests, and Municipal Fund Securities Used

for Education Savings.................................................................

594 Rule 15c-100: Schedule 15C............................................................ 3235-AJ13

595 Rule 15c-101: Schedule 15D............................................................ 3235-AJ14

[[Page 64578]]

596 Processing of Reorganization Events, Tender Offers, and Exchange Offers............... 3235-AH53

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DIVISION OF TRADING AND MARKETS--Completed Actions

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Regulation

Sequence Title Identifier

Number Number

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597 Amendments to Regulation SHO.......................................................... 3235-AK22

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_______________________________________________________________________

Securities and Exchange Commission (SEC) Proposed Rule Stage

Division of Corporation Finance

_______________________________________________________________________

578. REVISIONS TO REGULATION D

Legal Authority: 15 USC 77b(a0(15); 15 USC 77b(b); 15 USC 77d; 15 USC

77r; 15 USC 77s; 15 USC 77s(a); 15 USC 77z-3

Abstract: The Division is considering recommending that the Commission

propose revisions to Regulation D, including, among other things,

revisions to the accredited investor eligibility standards.

Timetable:

________________________________________________________________________

Action Date FR Cite

________________________________________________________________________

NPRM 09/00/10

Regulatory Flexibility Analysis Required: Yes

Agency Contact: Anthony G. Barone, Division of Corporation Finance,

Securities and Exchange Commission, 100 F Street NE, Washington, DC

20549

Phone: 202 551-3460

RIN: 3235-AK52

_______________________________________________________________________

Securities and Exchange Commission (SEC) Final Rule Stage

Division of Corporation Finance

_______________________________________________________________________

579. PROXY DISCLOSURE AND SOLICITATION ENHANCEMENTS

Legal Authority: 15 USC 78n

Abstract: The Commission proposed amendments to enhance disclosure in

the proxy statement, including information about directors.

Timetable:

________________________________________________________________________

Action Date FR Cite

________________________________________________________________________

NPRM 07/17/09 74 FR 35976

NPRM Comment Period End 09/15/09

Final Action 12/00/09

Regulatory Flexibility Analysis Required: Yes

Agency Contact: Sean Harrison, Division of Corporation Finance,

Securities and Exchange Commission, 100 F Street NE, Washington, DC

20549

Phone: 202 551-3430

Email: [email protected]

RIN: 3235-AK28

_______________________________________________________________________

580. AMENDMENTS TO RULES REQUIRING INTERNET AVAILABILITY OF PROXY

MATERIALS

Legal Authority: 15 USC 78c(b); 15 USC 78j; 15 USC 78m; 15 USC 78n; 15

USC 78o; 15 USC 78w(a); 15 USC 78mm; 15 USC 80a-20; 15 USC 80a-29; 15

USC 80a-37

Abstract: The Commission proposed revisions to the notice and access

model for providing proxy materials to shareholders electronically.

Timetable:

________________________________________________________________________

Action Date FR Cite

________________________________________________________________________

NPRM 10/21/09 74 FR 53954

NPRM Comment Period End 11/20/09

Final Action 12/00/09

Regulatory Flexibility Analysis Required: Yes

Agency Contact: Steven Hearne, Division of Corporation Finance,

Securities and Exchange Commission, 100 F Street NE, Washington, DC

20549

Phone: 202 551-3430

RIN: 3235-AK25

[[Page 64579]]

_______________________________________________________________________

Securities and Exchange Commission (SEC) Completed Actions

Division of Corporation Finance

_______________________________________________________________________

581. REVISIONS OF LIMITED OFFERING EXEMPTIONS IN REGULATION D

Legal Authority: 15 USC 77b(a)(15); 15 USC 77b(b); 15 USC 77c(b); 15

USC 77d; 15 USC 77r; 15 USC 77s; 15 USC 77s(a); 15 USC 77z-3

Abstract: The Commission is withdrawing this item because of the

passage of time since the Notice of Proposed Rulemaking, but see RIN

3235-AK52.

Timetable:

________________________________________________________________________

Action Date FR Cite

________________________________________________________________________

NPRM 08/10/07 72 FR 45116

NPRM Comment Period End 10/09/07

Withdrawn 10/01/09

Regulatory Flexibility Analysis Required: Yes

Agency Contact: Anthony G. Barone, Division of Corporation Finance,

Securities and Exchange Commission, 100 F Street NE, Washington, DC

20549

Phone: 202 551-3460

RIN: 3235-AJ88

_______________________________________________________________________

582. PROXY DISCLOSURE REGARDING EXECUTIVE COMPENSATION AND RELATED PARTY

TRANSACTIONS

Legal Authority: 15 USC 77a et seq; 15 USC 78a et seq; 15 USC 80a et

seq

Abstract: The Commission is withdrawing this item from the Agenda

because the topic is partially addressed in item 3235-AK28 and because

it does not expect to consider this item within the next 12 months, but

the Commission may consider the item at a future date.

Timetable:

________________________________________________________________________

Action Date FR Cite

________________________________________________________________________

NPRM 02/08/06 71 FR 6542

NPRM Comment Period End 04/10/06

Final Rule 09/08/06 71 FR 53158

Final Rule Effective 11/07/06

Second NPRM 09/08/06 71 FR 53267

Second NPRM Comment Period End 10/23/06

Interim Final Rule 12/29/06 71 FR 78338

Interim Final Rule Effective 12/29/06

Interim Final Rule Comment

Period End 01/29/07

Withdrawn 10/01/09

Regulatory Flexibility Analysis Required: Yes

Agency Contact: Anne Krauskopf, Division of Corporation Finance,

Securities and Exchange Commission, 100 F Street NE, Washington, DC

20549

Phone: 202 551-3500

RIN: 3235-AI80

_______________________________________________________________________

Securities and Exchange Commission (SEC) Proposed Rule Stage

Division of Investment Management

_______________________________________________________________________

583. INDEXED ANNUITIES AND CERTAIN OTHER INSURANCE

CONTRACTS

Legal Authority: 15 USC 77c(a)(8); 15 USC 77s(a); 15 USC 78l(h); 15 USC

78o; 15 USC 78w(a); 15 USC 78mm

Abstract: A Federal appeals court issued an opinion on July 21, 2009,

remanding SEC Rule 151A. A party has petitioned the court for panel

rehearing, and that petition is currently pending. The Commission staff

is evaluating what recommendation to make to the Commission on how to

respond to the court's decision.

Timetable:

________________________________________________________________________

Action Date FR Cite

________________________________________________________________________

Action 10/00/10

Regulatory Flexibility Analysis Required: Yes

Agency Contact: Michael Kosoff, Division of Investment Management,

Securities and Exchange Commission, 100 F Street NE, Washington, DC

20549

Phone: 202 551-6754

Fax: 202 772-9285

Email: [email protected]

RIN: 3235-AK49

_______________________________________________________________________

Securities and Exchange Commission (SEC) Final Rule Stage

Division of Investment Management

_______________________________________________________________________

584. AMENDMENTS TO FORM ADV

Legal Authority: 15 USC 80b-4, 80b-6(4), 80b-ll(a), 80b-3(c)(1); 15 USC

77s(a); 15 USC 78(wa), 78bb(e)(2); 15 USC 77sss(a); 15 USC 78a-37(a)

Abstract: The Commission proposed amendments to Form ADV part 2 to

require registered investment advisers to deliver to clients and

prospective clients a brochure written in plain English.

The amendments are designed to require advisers to provide clients and

prospective clients with clear, current, and more meaningful disclosure

of the business practices, conflicts of interest, and background of

investment advisers and their advisory personnel. Under the proposal,

advisers would file their brochures with the Commission electronically,

and the brochures would be available to the public through the

Commission's Web site.

Timetable:

________________________________________________________________________

Action Date FR Cite

________________________________________________________________________

NPRM 04/17/00 65 FR 20524

NPRM Comment Period End 06/03/00

Second NPRM 03/14/08 73 FR 13958

Second NPRM Comment Period End 05/16/08

Final Action 02/00/10

Regulatory Flexibility Analysis Required: Yes

Agency Contact: Sarah Ten Siethoff, Division of Investment Management,

Securities and Exchange Commission, 100 F Street NE, Washington, DC

20549

Phone: 202 551-6729

Email: [email protected]

RIN: 3235-AI17

[[Page 64580]]

_______________________________________________________________________

585. TEMPORARY RULE REGARDING PRINCIPAL TRADES WITH CERTAIN ADVISORY

CLIENTS

Legal Authority: 15 USC 80b-6a; 15 USC 80b-11(a)

Abstract: The Commission adopted an interim final temporary rule that

will expire on December 31, 2009, to provide an alternative means for

investment advisers who are registered with the Commission as broker-

dealers to meet the requirements of section 206(3) of the Investment

Advisers Act when acting in a principal capacity in transactions with

certain of their advisory clients.

As contemplated in the temporary rule release, the Division has been

assessing the operation of the temporary rule as well as public comment

letters.

Timetable:

________________________________________________________________________

Action Date FR Cite

________________________________________________________________________

Interim Final Rule 09/28/07 72 FR 55022

Interim Final Rule Effective 09/30/07

Interim Final Rule Comment

Period End 11/30/07

Interim Final Rule Extension 12/00/09

Regulatory Flexibility Analysis Required: Yes

Agency Contact: Matthew Goldin, Division of Investment Management,

Securities and Exchange Commission, 100 F Street NE, Washington, DC

20549

Phone: 202 551-6726

Fax: 202 772-9284

Email: [email protected]

RIN: 3235-AJ96

_______________________________________________________________________

586. INTERAGENCY PROPOSAL FOR MODEL PRIVACY FORM UNDER THE GRAMM-LEACH-

BLILEY ACT

Legal Authority: 15 USC 6804; 15 USC 78q and 78W; 15 USC 80a-30 and

80a-37; 15 USC 80b-4 and 80b-11

Abstract: The Commission, together with the Federal Reserve Board,

Federal Deposit Insurance Corporation, Federal Trade Commission,

National Credit Union Administration, Office of the Comptroller of the

Currency, Office of Thrift Supervision and Commodity Futures Trading

Commission (the Agencies), requested comment on whether the Agencies

should consider amending the regulations that implement the privacy

provisions of the Gramm-Leach-Bliley Act (``GLBA'') to allow or require

financial institutions to provide alternative types of privacy notices

that would be easier for consumers to understand.

Pursuant to the Financial Services Regulatory Relief Act, the Agencies

proposed a model form that may be used at the option of financial

institutions to comply with disclosures required under the privacy

provision of GLBA. The Commission reopened the comment period on the

proposed model privacy notice to solicit public comment on data and a

report on consumer testing of a revised version of the proposed model

privacy form.

Timetable:

________________________________________________________________________

Action Date FR Cite

________________________________________________________________________

ANPRM 12/30/03 68 FR 75165

ANPRM Comment Period End 03/29/04

NPRM 03/29/07 72 FR 14490

NPRM Comment Period End 05/29/07

Second NPRM 04/20/09 74 FR 17925

Second NPRM Comment Period End 05/20/09

Final Action 12/00/09

Regulatory Flexibility Analysis Required: Yes

Agency Contact: Thoreau Adrian Bartmann, Division of Investment

Management, Securities and Exchange Commission, 100 F Street NE,

Washington, DC 20549

Phone: 202 551-6792

Email: [email protected]

RIN: 3235-AJ06

_______________________________________________________________________

Securities and Exchange Commission (SEC) Completed Actions

Division of Investment Management

_______________________________________________________________________

587. POLITICAL CONTRIBUTIONS BY CERTAIN INVESTMENT ADVISERS

Legal Authority: 15 USC 204; 15 USC 206(4); 15 USC 211(a)

Abstract: The Commission is withdrawing this item from the Agenda

because the topic is addresssed under RIN 3235-AK39.

Timetable:

________________________________________________________________________

Action Date FR Cite

________________________________________________________________________

NPRM 08/10/99 64 FR 43556

NPRM Comment Period End 11/01/99

Withdrawn 08/07/09

Regulatory Flexibility Analysis Required: Yes

Agency Contact: Daniel Seth Kahl, Division of Investment Management,

Securities and Exchange Commission, 100 F Street NE, Washington, DC

20549

Phone: 202 551-6730

Email: [email protected]

RIN: 3235-AH72

_______________________________________________________________________

588. REGULATION S-AM: LIMITATIONS ON AFFILIATE MARKETING

Legal Authority: PL 108-159, 117 Stat 1952, 214, 216

Abstract: In response to the Fair and Accurate Credit Transactions Act

of 2003, the Commission adopted amendments to Regulation S-P concerning

the disposal of consumer report information and Regulation S-AM, which

relates to limitations on affiliate marketing. The Commission initially

adopted the disposal amendments, and then adopted proposed Regulation

S-AM.

Timetable:

________________________________________________________________________

Action Date FR Cite

________________________________________________________________________

NPRM 07/14/04 69 FR 42302

NPRM Comment Period End 08/13/04

Second NPRM 09/20/04 69 FR 56304

Second NPRM Comment Period End 10/20/04

Final Rule 12/08/04 69 FR 71322

Final Rule Effective 01/11/05

Second Final Rule 08/11/09 74 FR 40398

Final Rule Effective 09/10/09

Compliance Date Extended 11/12/09 74 FR 58204

Extended Compliance Date 01/01/10

Regulatory Flexibility Analysis Required: Yes

Agency Contact: Thoreau Adrian Bartmann, Division of Investment

Management, Securities and Exchange

[[Page 64581]]

Commission, 100 F Street NE, Washington, DC 20549

Phone: 202 551-6792

Email: [email protected]

RIN: 3235-AJ24

_______________________________________________________________________

Securities and Exchange Commission (SEC) Proposed Rule Stage

Division of Trading and Markets

_______________________________________________________________________

589. PUBLICATION OR SUBMISSION OF QUOTATIONS WITHOUT SPECIFIED

INFORMATION

Legal Authority: 15 USC 78c; 15 USC 78j(b); 15 USC 78o(c); 15 USC

78o(g); 15 USC 78q(a); 15 USC 78w(a)

Abstract: As part of its efforts to respond to fraud and manipulation

in the microcap securities market, the Commission proposed amendments

to Rule 15c2-11. These amendments would limit the rule's piggyback

provision and increase public availability of issuer information. The

amendments would expand the information review requirements for non-

reporting issuers and the documentation required for significant

relationships between the broker-dealer and the issuer of the security

to be quoted. Finally, the amendments would exclude from the rule

securities of larger, more liquid issuers.

Timetable:

________________________________________________________________________

Action Date FR Cite

________________________________________________________________________

NPRM 02/25/98 63 FR 9661

NPRM Comment Period End 04/27/98

Second NPRM 03/08/99 64 FR 11124

Second NPRM Comment Period End 04/07/99

Second NPRM Comment Period

Extended 04/14/99 64 FR 18393

Comment Period End 05/08/99

Supplemental NPRM 09/00/10

Regulatory Flexibility Analysis Required: Yes

Agency Contact: Victoria L. Crane, Division of Trading and Markets,

Securities and Exchange Commission, 100 F Street NE, Washington, DC

20549

Phone: 202 551-5744

Fax: 202 772-9355

Email: [email protected]

RIN: 3235-AH40

_______________________________________________________________________

Securities and Exchange Commission (SEC) Final Rule Stage

Division of Trading and Markets

_______________________________________________________________________

590. PROPOSED AMENDMENT TO MUNICIPAL SECURITIES DISCLOSURE

Legal Authority: 15 USC 78b; 15 USC 78c(b); 15 USC 78j; 15 USC 78o(c);

15 USC 78o-4; 15 USC 78q; 15 USC 78w(a)(1)

Abstract: The Commission proposed amending Rule 15c2-12 under section

15 of the Exchange Act to improve the system of continuing disclosure

previously established by Rule 15c2-12.

Timetable:

________________________________________________________________________

Action Date FR Cite

________________________________________________________________________

NPRM 07/24/09 74 FR 36832

NPRM Comment Period End 09/08/09

Final Action 12/00/09

Regulatory Flexibility Analysis Required: Yes

Agency Contact: Martha Mahan Haines, Division of Trading and Markets,

Securities and Exchange Commission, 100 F Street NE, Washington, DC

20549

Phone: 202 551-5681

Fax: 703 772-9274

Email: [email protected]

RIN: 3235-AJ66

_______________________________________________________________________

591. NATIONALLY RECOGNIZED STATISTICAL RATING ORGANIZATIONS

Legal Authority: 15 USC 78o-7; 15 USC 89q

Abstract: The Commission adopted rule amendments that impose additional

requirements on nationally recognized statistical rating organizations

(``NRSROs'') in order to address concerns about the integrity of their

credit rating procedures and methodologies in light of the role they

played in determining credit ratings for securities collateralized by

or linked to subprime residential mortgages.

The Commission simultaneously proposed rule amendments regarding the

disclosure of ratings history. The proposed rules include reproposals

of certain amendments to Rule 17g-5. The Division is considering

recommending that the Commission adopt certain parts of the proposal.

Timetable:

________________________________________________________________________

Action Date FR Cite

________________________________________________________________________

NPRM 06/25/08 73 FR 36212

NPRM Comment Period End 07/25/08

Final Rule 02/09/09 74 FR 6465

Second NPRM 02/09/09 74 FR 6485

Second NPRM Comment Period End 03/26/09

Final Action 12/00/09

Regulatory Flexibility Analysis Required: Yes

Agency Contact: Sheila Swartz, Division of Trading and Markets,

Securities and Exchange Commission, 100 F Street NE, Washington, DC

20549

Phone: 202 551-5545

Fax: 202 772-9273

Email: [email protected]

RIN: 3235-AK14

[[Page 64582]]

_______________________________________________________________________

Securities and Exchange Commission (SEC) Long-Term Actions

Division of Trading and Markets

_______________________________________________________________________

592. RULE 15C2-2: CONFIRMATION OF TRANSACTIONS IN OPEN-END MANAGEMENT

INVESTMENT COMPANY SHARES, UNIT INVESTMENT TRUST INTERESTS, AND

MUNICIPAL FUND SECURITIES USED FOR EDUCATION SAVINGS

Legal Authority: 15 USC 78j; 15 USC 78k; 15 USC 78o; 15 USC 78q; 15 USC

78w(a); 15 USC 78mm

Abstract: The Commission proposed new Rule 15c2-2 under the Exchange

Act, together with accompanying Schedule 15C. The Commission also

proposed related amendments to Rule 10b-10. Proposed Rule 15c2-2 and

Schedule 15C would provide for improved confirmation disclosure of

distribution costs and conflicts of interest associated with

transactions in mutual funds, municipal fund securities, and unit

investment trusts. The amendments to Rule 10b-10 in part would reflect

the new rule and would provide improved confirmation disclosure about

certain callable securities. They also would clarify that the

confirmation disclosure requirements do not determine broker-dealer

disclosure obligations under other provisions of the law.

Timetable:

________________________________________________________________________

Action Date FR Cite

________________________________________________________________________

NPRM 02/10/04 69 FR 6438

NPRM Comment Period End 04/12/04

NPRM Comment Period Extended 03/04/05 70 FR 10521

NPRM Comment Period End 04/04/05

Next Action Undetermined

Regulatory Flexibility Analysis Required: Yes

Agency Contact: Alicia Goldin, Division of Trading and Markets,

Securities and Exchange Commission, 100 F Street NE, Washington, DC

20549

Phone: 202 551-5618

Fax: 202 772-9270

Email: [email protected]

RIN: 3235-AJ11

_______________________________________________________________________

593. RULE 15C2-3: POINT-OF-SALE DISCLOSURE OF PURCHASES IN OPEN-END

MANAGEMENT INVESTMENT COMPANY SHARES, UNIT INVESTMENT TRUST INTERESTS,

AND MUNICIPAL FUND SECURITIES USED FOR EDUCATION SAVINGS

Legal Authority: 15 USC 78j; 15 USC 78k; 15 USC 78o; 15 USC 78q; 15 USC

78w(a); 15 USC 78mm

Abstract: The Commission proposed new Rule 15c2-3 under the Exchange

Act, together with accompanying Schedule 15D. Proposed Rule 15c2-3 and

Schedule 15D would provide for pre-transaction ``point of sale''

disclosure of distribution costs and conflicts of interest associated

with transactions in mutual funds, municipal fund securities, and unit

investment trusts.

Timetable:

________________________________________________________________________

Action Date FR Cite

________________________________________________________________________

NPRM 02/10/04 69 FR 6438

NPRM Comment Period End 04/12/04

NPRM Comment Period Extended 03/04/05 70 FR 10521

NPRM Comment Period End 04/04/05

Next Action Undetermined

Regulatory Flexibility Analysis Required: Yes

Agency Contact: Alicia Goldin, Division of Trading and Markets,

Securities and Exchange Commission, 100 F Street NE, Washington, DC

20549

Phone: 202 551-5618

Fax: 202 772-9270

Email: [email protected]

RIN: 3235-AJ12

_______________________________________________________________________

594. RULE 15C-100: SCHEDULE 15C

Legal Authority: 15 USC 78j; 15 USC 78k; 15 USC 78o; 15 USC 78q; 15 USC

78w(a); 15 USC 78mm

Abstract: The Commission proposed new Schedule 15C and Rules 15c2-2 and

15c2-3 under the Exchange Act, together with accompanying Schedule 15D.

The Commission also proposed related amendments to Rule 10b-10.

Proposed Rules 15c2-2 and 15c2-3 and Schedules 15C and 15D would

provide for improved confirmation and pre-transaction ``point of sale''

disclosure of distribution costs and conflicts of interest associated

with transactions in mutual funds, municipal fund securities, and unit

investment trusts. The amendments to Rule 10b-10 in part would reflect

the new rules and would provide improved confirmation disclosure about

certain callable securities. They also would clarify that the

confirmation disclosure requirements do not determine broker-dealer

disclosure obligations under other provisions of the law.

Timetable:

________________________________________________________________________

Action Date FR Cite

________________________________________________________________________

NPRM 02/10/04 69 FR 6438

NPRM Comment Period End 04/12/04

NPRM Comment Period Extended 03/04/05 70 FR 10521

NPRM Comment Period End 04/04/05

Next Action Undetermined

Regulatory Flexibility Analysis Required: Yes

Agency Contact: Alicia Goldin, Division of Trading and Markets,

Securities and Exchange Commission, 100 F Street NE, Washington, DC

20549

Phone: 202 551-5618

Fax: 202 772-9270

Email: [email protected]

RIN: 3235-AJ13

_______________________________________________________________________

595. RULE 15C-101: SCHEDULE 15D

Legal Authority: 15 USC 78j; 15 USC 78k; 15 USC 78o; 15 USC 78q; 15 USC

78w(a); 15 USC 78mm

Abstract: The Commission proposed new Rule 15c2-3 under the Exchange

Act, together with accompanying Schedule 15D. Proposed Rule 15c2-3 and

Schedule 15D would provide for pre-transaction ``point of sale''

disclosure of distribution costs and conflicts of interest associated

with transactions in mutual funds, municipal fund securities, and unit

investment trusts.

Timetable:

________________________________________________________________________

Action Date FR Cite

________________________________________________________________________

NPRM 02/10/04 69 FR 6438

NPRM Comment Period End 04/12/04

NPRM Comment Period Extended 03/04/05 70 FR 10521

NPRM Comment Period End 04/04/05

Next Action Undetermined

Regulatory Flexibility Analysis Required: Yes

Agency Contact: Alicia Goldin, Division of Trading and Markets,

[[Page 64583]]

Securities and Exchange Commission, 100 F Street NE, Washington, DC

20549

Phone: 202 551-5618

Fax: 202 772-9270

Email: [email protected]

RIN: 3235-AJ14

_______________________________________________________________________

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

OFFERS

Legal Authority: 15 USC 78b; 15 USC 78k-1(a)(1)(B); 15 USC 78n(d)(4);

15 USC 78o(c)(3); 15 USC 78o(c)(6); 15 USC 78q-1(a); 15 USC 78q-

1(d)(1); 15 USC 78w(a)

Abstract: The Commission proposed amendments to Rule 17Ad-14 under the

Exchange Act. The amendments would require the establishment of book-

entry accounts in connection with reorganization events and would give

securities depositories up to 3 business days after the expiration of a

tender offer, exchange offer, or reorganization event to deliver

physical securities certificates to the agents.

Timetable:

________________________________________________________________________

Action Date FR Cite

________________________________________________________________________

NPRM 09/04/98 63 FR 47209

NPRM Comment Period End 11/03/98

Next Action Undetermined

Regulatory Flexibility Analysis Required: Yes

Agency Contact: Jerry Carpenter, Division of Market Regulation,

Securities and Exchange Commission, 100 F Street NE, Washington, DC

20549

Phone: 202 551-5710

Fax: 202 772-9270

Email: [email protected]

RIN: 3235-AH53

_______________________________________________________________________

Securities and Exchange Commission (SEC) Completed Actions

Division of Trading and Markets

_______________________________________________________________________

597. AMENDMENTS TO REGULATION SHO

Legal Authority: 15 USC 78b and 78c(b); 15 USC 78F; 15 USC 78j; 15 USC

78k-1; 15 USC 78l(h); 15 USC 78o and 78o-3; 15 USC 78q and 78q-1; 15

USC 78s; 15 USC 78w(a)

Abstract: The Commission adopted a final rule that made permanent an

interim final rule, Rule 204T, to address abusive ``naked'' short

selling in all equity securities by requiring that participants of a

clearing agency registered with the Commission deliver securities by

settlement date, or if the participants have not delivered shares by

settlement date, immediately purchase or borrow securities to close out

the fail to deliver position by no later than the beginning of regular

trading hours on the settlement day following the day the participant

incurred the fail to deliver position.

Timetable:

________________________________________________________________________

Action Date FR Cite

________________________________________________________________________

Interim Final Rule 10/17/08 73 FR 61706

Interim Final Rule Effective 10/17/08

Interim Final Rule Comment

Period End 12/16/08

Final Action 07/31/09 74 FR 38266

Final Action Effective 07/31/09

Regulatory Flexibility Analysis Required: Yes

Agency Contact: Victoria L. Crane, Division of Trading and Markets,

Securities and Exchange Commission, 100 F Street NE, Washington, DC

20549

Phone: 202 551-5744

Fax: 202 772-9355

Email: [email protected]

RIN: 3235-AK22

[FR Doc. E9-28561 Filed 12-04-09; 8:45 am]

BILLING CODE 8010-01-S

Federal Register / Vol. 74, No. 233 / Monday, December 7, 2009 / The

Regulatory Plan

Federal Register / Vol. 74, No. 233 / Monday, December 7, 2009 / The

Regulatory Plan