Critics have been tough on the Securities and Exchange Commission for rulemaking delays on several provisions of the Dodd-Frank Act. Now the SEC says it is ready to get the job back on track.
In its Performance and Accountability Report for fiscal year 2011 released last month, the Commission confirmed that it will adopt the majority of the remaining rules required by Dodd-Frank over the next year. “In 2012, the SEC plans to conclude the vast majority of rulemaking required by the Dodd-Frank Act and subject to deadlines set by Congress,” it said in the report.
