Delegation of Authority to Chief Administrative Law Judge
The Securities and Exchange Commission (``Commission'') is amending its rules to delegate authority to the Chief Administrative Law Judge to issue orders to discontinue administrative proceedings as to a particular respondent who has died or cannot be found, or because of a mistake in the identity of a respondent named in the order for proceedings. The delegation is intended to conserve Commission resources, as well as expedite disposition of administrative proceedings.
Proposed Amendments to Municipal Securities Disclosure
The Commission is publishing for comment proposed amendments to a rule under the Securities Exchange Act of 1934 (``Exchange Act'') relating to municipal securities disclosure which would delete references to the Municipal Securities Rulemaking Board (``MSRB'') as a recipient of material event notices filed by or on behalf of issuers of municipal securities or other obligated persons.