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 SEC open meeting

Election Results Could Lead to Swifter Rulemaking

November 13, 2012

With Republican threats to gut the Dodd-Frank Act likely nullified by last week's election, the focus now turns to what may be expected on the regulatory front. While most regulation watchers are expecting more of the same during Obama's second term, some suspect rulemaking could intensify. "The rulemaking process will continue and, in some areas, with a sense of urgency," says Micah Green, a partner with the law firm Patton Briggs.

SEC Will Vote on Final Whistleblower Rule on May 25

May 20, 2011

The Securities and Exchange Commission will decide whether to pass the final rules for the whistleblower incentives and protection program at its open meeting on Wednesday. The Commission will also consider proposing a rule to disqualify securities offerings involving certain "felons and other bad actors" from reliance on the safe harbor exemption.

SEC Approves Two Dodd-Frank Rule Proposals

March 30, 2011

The SEC unanimously approved plans to propose two more rules mandated by the Dodd-Frank Act. One would require issuers of asset-backed securities to retain at least 5 percent credit risk to keep some skin in the game. The other would lead to new disclosure requirements for compensation advisers.

SEC Adds Disclosure, Credit Risk Items to Agenda

March 25, 2011

The SEC is tackling several more Dodd-Frank Act proposals this week, including independence standards for board directors who serve on compensation committees and conflict-of-interest rules for pay consultants. It will also consider new retention requirements for issuers of asset-backed securities. More details inside.

Dodd-Frank Rules on Bank Pay, More on SEC Agenda

February 24, 2011

The Securities and Exchange Commission is set to take up four items on its Dodd-Frank Act rulemaking agenda this week, including a proposal to limit risky incentive pay practices by financial firms and new rules on derivatives clearinghouses and the use of credit ratings in SEC filings.

Dodd-Frank Whistleblower Proposals Arrive

November 03, 2010

Let the comments commence: Compliance professionals finally have the details of the Securities and Exchange Commission's proposed rules to pay whistleblowers who report securities violations.The proposals, detailed in a 181-page release published for comment Nov. 3, implement the Dodd-Frank mandate to set up a program to pay awards of up...

Whistleblowers, Naked Access, Swaps on SEC Agenda

October 27, 2010

Compliance executives should soon get some much-desired clarity about how the new whistleblower bounty program provided for by the Dodd-Frank Act could impact their companies.Proposals related to the whistleblower provisions are among the items on the agenda for a Nov. 3 Securities and Exchange Commission open meeting.The SEC will consider whether to propose rules...

In 3-2 Vote, SEC Finally Adopts Proxy Access Rule

August 25, 2010

Corporate America get ready: Like it or not, proxy access has finally arrived.In a 3-2 vote, the Securities and Exchange Commission adopted a 451-page rule to allow shareholders access to a company's proxy materials to include their nominees to the corporate board of directors.Under the new rules, a qualifying shareholder...

It's Official: SEC to Take Up Proxy Access Aug. 25

August 18, 2010

Confirming the recent rumors, the Securities and Exchange Commission has officially posted notice that it will finally hold a vote next week on a proposal to give shareholders access to corporate proxies for nominating directors.According to the Aug. 18 Sunshine Act Meeting Notice, the SEC will hold an open meeting on Aug. 25 to...

SEC Votes to Publish Proxy System Concept Release

July 14, 2010

As expected, the Securities and Exchange Commission's five commissioners voted unanimously to publish its long-awaited Concept Release on the U.S. Proxy System.The so-called "proxy plumbing" concept release, which is expected to include a 90-day comment period when published, is part of the first comprehensive SEC review of the infrastructure of the...

Proxy Plumbing Concept Release on the Agenda for July 14

July 07, 2010

The long-awaited Securities and Exchange Commission "proxy plumbing" concept release to seek input on how to modernize the voting infrastructure is officially on the agency's agenda.The SEC has scheduled an open meeting for July 14 to consider whether to issue a concept release to solicit public comment on whether the agency should...

IFRS Statement Keeps 2011 Decision Date, Delays Adoption

February 24, 2010

The Securities and Exchange Commission voted unanimously today to publish a statement updating its position on the possible adoption by U.S. companies of International Financial Reporting Standards that keeps a 2011 deadline for making a final decision on whether or not to make the move, but would delay adoption until...

Consideration of IFRS Statement on SEC Agenda

February 19, 2010

The topic of International Financial Reporting Standards for domestic companies is back on the Securities and Exchange Commission's agenda.At an Open Meeting on Feb. 24, the Commission will consider "whether to publish a statement regarding its continued support for a single-set of high-quality globally accepted accounting standards and its ongoing...

SEC to Issue Interpretive Release on Climate Change

January 27, 2010

—by Jaclyn Jaeger. E-mail Jaclyn at's official: The Securities and Exchange Commission voted 3-2 today to publish an interpretive release, providing guidance to companies on its current disclosure requirements concerning climate change.Chairman Mary Schapiro stressed that the SEC is not commenting or opining on the issue of climate change;...

SEC Sets Vote on Climate Change Interpretive Release

January 21, 2010

Get ready for new guidance on climate change disclosure. The Securities and Exchange Commission plans to vote next week on an interpretive release to provide guidance to companies on its current disclosure requirements.According to a Sunshine Act notice posted Jan. 20, the SEC has scheduled an Open Meeting on Jan....

SEC Oks Tweaked Proxy Disclosure Enhancements for 2010

December 16, 2009

Those tasked with drafting proxy disclosures take note: The Securities and Exchange Commission has approved proposed amendments to its proxy disclosure rules, with some notable changes from the July proposing release, that you'll have to incorporate into your 2010 proxy disclosures.The SEC, in a 4-1 vote, okayed proposed changes to...

SEC to Consider Proxy Disclosure Enhancements Dec. 16

December 11, 2009

As anticipated, the Securities and Exchange Commission has scheduled an open meeting for Dec. 16 to consider whether to adopt amendments to its rules to enhance the disclosures companies are required to make about compensation and other corporate governance matters.While the form and effective date of any final rule the...

Proposal Could Facilitate Activist Solicitations

July 17, 2009

One sleeper item that might be of interest to companies and shareholder activists in the Securities and Exchange Commission's proposing release for its proxy disclosure and solicitation enhancements: An amendment that observers say could potentially facilitate activists' solicitation activities.The proposed amendment, which is part of a broad package of reforms...

SEC Approves NYSE Broker Vote Ban in Director Elections

July 01, 2009

The Securities and Exchange Commission voted 3-2 along party lines to approve the New York Stock Exchange rule amendment that effectively ends broker discretionary voting in director elections.The rule change will be effective for shareholder meetings held on or after Jan. 1, 2010.At today's open meeting, Commissioners Elisse Walter and...

SEC to Meet on Comp Disclosures, Broker Votes, TARP SOP

June 25, 2009

The Securities and Exchange Commission plans to kick off July with a busy agenda. A decision on discretionary broker votes,  and votes on whether to propose new disclosures about compensation and rules governing say-on-pay at TARP companies are on the agency's agenda for next week.The Commission has slated an Open Meeting for July 1 to...

SEC Votes 3-2 to Publish Access Proposal

May 20, 2009

Securities and Exchange Commission officials at today's open meeting voted 3-2 to publish for comment amendments to its proxy rules that would enable shareholders to have their director nominees included on corporate proxies and allow them to submit proposals about nomination, procedural, or disclosure matters.Commissioners Elisse Walter and Luis Aguilar...

Proxy Access on SEC Agenda for May 20

May 12, 2009

The debate over shareholder access to the proxy is on again, with the issue officially on the Securities and Exchange Commission’s agenda this month, as expected.According to a May 12 Sunshine Act Notice the SEC has slated an open meeting on May 20 to consider whether to propose changes to...

Uptick Rule Back on the Table

March 16, 2009

The so-called “uptick rule” could be poised to make a comeback. The Securities and Exchange Commission has put consideration of a rule proposal on the topic on its near-term agenda.According to a Sunshine Act notice posted March 13, the SEC plans to hold an Open Meeting on April 8 to...

SEC Approves Final XBRL Rule

December 17, 2008

Just in time for the holidays, large companies got a gift from the Securities and Exchange Commission: Six extra months to comply with the long-awaited new rule mandating the use of interactive data.At its Dec. 17 open meeting, the SEC voted 4-1, with Commissioner Luis Aguilar dissenting, to adopt amendments...

XBRL Rule Vote Scheduled for Dec. 17

December 11, 2008

The long-awaited final details of the Securities and Exchange Commission’s plan to mandate the use of interactive data are finally poised to become public.More than six months after it first published its proposed rule to phase-in the adoption of XBRL, or extensible business reporting language, which would require companies to...

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