Regulation
The SEC set up a public comment page on its website to solicit input onrule making under the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Under a new process, the public will be able to comment before the agency even proposes its regulatory reform rules and amendments. Additionally, the SEC says it will provide greater public disclosure of meetings with SEC staff.
To facilitate public comment, the SEC is providing a series of e-mail links and Web comment forms on its website at tinyurl.com/34appxj. These mailboxes are organized by topic and are listed starting with rules that have the shortest time frame for implementation. The public can provide preliminary comments on topics including OTC derivatives, hedge funds, corporate disclosure, credit rating agencies and other areas in which the SEC will be engaged in rule making and studies over the next 18 months. Submitted comments will be posted online.
The FDIC also announced a new policy that is intended to make it easier for the public to give input on and track rule making related to Dodd-Frank. The bank regulator’s open door policy, like the SEC’s policy, will allow the public to participate even before regulatory reform rules are drafted and proposed. The voluntary public disclosure policy will apply to meetings discussing how the FDIC should interpret or implement provisions of the Dodd-Frank Act that are subject to independent or joint rule making.
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