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SEC Sets Dodd-Frank Rulemaking Schedule

Melissa Klein Aguilar | September 28, 2010

Corporate compliance departments now have a better sense of when the Securities and Exchange Commission will start pounding out new rules to implement the Dodd-Frank Act.

The bottom line: whistleblowing, executive compensation, and derivatives oversight come this fall; broader corporate governance reforms follow early next year; and final adoption for most won’t happen until next spring.

The SEC published a tentative schedule last week to give corporations and investors a better sense of when it will draft the scores of rules and studies it must complete per order of the Dodd-Frank Act, passed by Congress this summer. The law requires most of that work to be done within one year of its enactment, which was July 21, 2010.

The SEC has already taken the unusual step of soliciting public feedback on various parts of the law, even before proposing any specific rules. The agency is also hoping to hire several hundred new staffers with the start of fiscal...

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