Tuesday, September 6, 2011

SEC Seeks Comment On Plan For Retrospective Review of Existing Reg's

The SEC published today a request for comment on its plan for conducting its retrospective review of its existing regulations, to be conducted in accordance with a Presidential order issued on July 11 of this year. See SEC's press release and request for information. Comments are due by October 6.

As noted in the SEC's press release:

The Commission is seeking public comment on the process it should use to conduct retrospective reviews, such as how often rules should be reviewed, the factors that should be considered, and ways to improve public participation in the rulemaking process....

President Barack Obama issued an order on July 11 that recommended that independent regulatory agencies consider how they might best analyze rules that
may be outmoded, ineffective or excessively burdensome, and modify, streamline
or repeal them. The order also recommends analysis of regulations that might need to be strengthened or modernized, which may entail new rulemaking.

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