Delegation of Authority to the General Counsel

1 17 CFR 200.30–14.
2 5 U.S.C. 553(b)(3)(A).
SECURITIES AND EXCHANGE COMMISSION 17 CFR Part 200 [Release No. 34–37893] Delegation of Authority to the General Counsel AGENCY: Securities and Exchange Commission. ACTION: Final rule. SUMMARY: The Securities and Exchange Commission is amending its rules to delegate authority to the General Counsel to refer matters and information concerning possible professional misconduct to state bar associations and other state professional boards or societies. EFFECTIVE DATE: November 5, 1996. FOR FURTHER INFORMATION CONTACT:
Barbara B. Hannigan, Ethics Counsel, at 942–0970. SUPPLEMENTARY INFORMATION: The Securities and Exchange Commission (‘‘Commission’’) today announced amendments to its rules governing delegation of authority to the General Counsel. The amendment to Rule 30–14 1 authorizes the General Counsel to refer matters and information concerning possible professional misconduct to state bar associations and other state professional boards or societies. Notwithstanding this delegation of authority, in instances where a referral of possible professional misconduct presents any unusual or noteworthy issues, the delegation would not be exercised and the matter would be submitted to the Commission. The Commission finds, in accordance with Section 553(b)(3)(A) of the Administrative Procedure Act,2 that this amendment relates solely to agency organization, procedure, or practice, and does not relate to a substantive rule. Accordingly, notice and opportunity for public comment are unnecessary, and publication of the amendment 30 days before its effective date is also unnecessary. List of Subjects in 17 CFR Part 200 Administrative practice and procedure, Authority delegations (Government agencies). Text of Amendment For the reasons set out in the preamble, Title 17, Chapter II of the Code of Federal Regulations is amended as follows:

56892 Federal Register / Vol. 61, No. 215 / Tuesday, November 5, 1996 / Rules and Regulations
PART 200—ORGANIZATION;
CONDUCT AND ETHICS; AND INFORMATION AND REQUESTS

1. The authority citation for Part 200
   continues to read in part as follows:
   Authority: 15 U.S.C. 77s, 78d-1, 78d-2, 78w, 78ll(d), 79t, 77sss, 80a-37, 80b-11, unless otherwise noted.

---

2. Section 200.30–14 is amended by
   adding paragraph (k) to read as follows:
   § 200.30–14 Delegation of authority to the General Counsel.

---

(k) To refer matters and information concerning possible professional misconduct to state bar associations and other state professional boards or societies. Dated: October 30, 1996. By the Commission. Margaret H. McFarland, Deputy Secretary. [FR Doc. 96–28386 Filed 11–4–96; 8:45 am] BILLING CODE 8010–01–P