Regulatory Alerts2020-03-02 | 2020-03705Added
Delegation of Authority to the General Counsel of the Commission
The Securities and Exchange Commission revised its regulations to delegate authority to the General Counsel to file objections in bankruptcy cases regarding non-debtor third-party releases. This delegation aims to conserve Commission resources and expedite proceedings by enabling staff to meet court deadlines on frequently recurring issues. The rule is effective March 2, 2020, and is classified as a procedural change not requiring notice and comment under the Administrative Procedure Act.
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