Securities and Exchange Commission July 2009 – Federal Register Recent Federal Regulation Documents
Results 51 - 100 of 203
Proposed Amendment to Municipal Securities Disclosure
The Securities and Exchange Commission (``Commission'' or ``SEC'') is publishing for comment proposed amendments to Rule 15c2-12 under the Securities Exchange Act of 1934 (``Exchange Act'') relating to municipal securities disclosure. The proposal would amend certain requirements regarding the information that a broker, dealer, or municipal securities dealer acting as an underwriter in a primary offering of municipal securities must reasonably determine that an issuer of municipal securities or an obligated person has undertaken, in a written agreement or contract for the benefit of holders of the issuer's municipal securities, to provide to the Municipal Securities Rulemaking Board (``MSRB''). Specifically, the proposed amendments would require a broker, dealer, or municipal securities dealer to reasonably determine that the issuer or obligated person has agreed to provide notice of specified events in a timely manner not in excess of ten business days after the event's occurrence, would amend the list of events for which a notice is to be provided, and would modify the events that are subject to a materiality determination before triggering a notice to the MSRB. In addition, the amendments would revise an exemption from the rule for certain offerings of municipal securities with put features. The Commission also is providing interpretive guidance intended to assist municipal securities issuers, brokers, dealers and municipal securities dealers in meeting their obligations under the antifraud provisions.
Privacy Act of 1974: Systems of Records
In accordance with the requirements of the Privacy Act of 1974, as amended, 5 U.S.C. 552a, the Securities and Exchange Commission (``Commission'' or ``SEC'') gives notice of proposing to establish the following five new Privacy Act systems of records: ``Information Pertaining or Relevant to SEC Registrants and Their Activities (SEC-55)'', ``Mailing, Contact and Other Lists (SEC-56)'', ``International Program Oversight Database (International-POD) (SEC- 57)'', ``System for Enforcement Case Tracking and Routing (SEC-58)'', and ``Office of Interpretation and Guidance Log; Office of Broker- Dealer Finances NRSRO Log; and Office of Financial Responsibility Log (SEC-59)''.
Proxy Disclosure and Solicitation Enhancements
We are proposing amendments to our rules to enhance the compensation and corporate governance disclosures registrants are required to make about: Their overall compensation policies and their impact on risk taking; stock and option awards of executives and directors; director and nominee qualifications and legal proceedings; company leadership structure; the board's role in the risk management process; and potential conflicts of interest of compensation consultants that advise companies. The proposed amendments to our disclosure rules would be applicable to proxy and information statements, annual reports and registration statements under the Securities Exchange Act of 1934, and registration statements under the Securities Act of 1933 as well as the Investment Company Act of 1940. We are also proposing amendments to transfer from Forms 10-Q and 10-K to Form 8-K the requirement to disclose shareholder voting results. In addition, we are proposing amendments to our proxy rules to clarify the
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