As the one-year anniversary of the passing of the Dodd-Frank Act approaches, regulators are blowing through deadlines for proposing or issuing final drafts on dozens of rules.
Agencies including the Securities and Exchange Commission and the Commodity Futures Trading Commission, among others, have missed deadlines on high-profile rules, including new executive compensation disclosures and final regulations that will provide incentives for whistleblowers.
Regulators missed deadlines for all 26 rulemaking requirements in the second quarter of 2011, bringing up the backlog of missed deadlines to 30, according to a “Dodd-Frank Rulemaking Progress Report” published by the law firm Davis Polk. Many of the requirements were due in April, nine months after Dodd-Frank was enacted in July of 2010. The SEC moved some provisions that were supposed to be finalized by the end of April, including the final whistleblower rules, into a group of regulations it now says will be... To get the full story, subscribe now.
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