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SEC Announces Open Process for Regulatory Reform Rulemaking

July 29, 2010 — Scottsdale, Ariz. — As required under the Dodd-Frank Wall Street Reform and Consumer Protection Act, U.S. Securities and Exchange Commission (SEC) Chairwoman Mary L. Schapiro has announced that the agency is making it easier for the public to provide comments as rules are made.

Under a new process, the public will be able to comment as early as before the SEC has proposed its regulatory reform rules and amendments. Also, the SEC will provide greater disclosure of meetings with SEC staff, according to a press release from the agency. The SEC also expects to hold public hearings on selected topics.

Generally, the SEC is required by law to establish a public comment period when it proposes rules or rule amendments. However, because of the significant rulemaking expected under the new regulatory reform law, the public will have an opportunity to voice its views before rules or amendments are proposed as well as see what others are saying about these issues.

To facilitate public comment, the SEC has provided a series of e-mail links on its Web site. These mailboxes are organized by topic and are listed starting with rules that have the shortest time frame for implementation.

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