Regulatory Alerts2014-06-27 | 2014-14979Added
Freedom of Information Act Regulations: Fee Schedule, Addition of Appeal Time Frame, and Miscellaneous Administrative Changes
The Securities and Exchange Commission proposes amendments to its Freedom of Information Act regulations to align fee schedules with actual operating costs using a formula based on employee salary grades. The proposal establishes a 30-day time frame for filing FOIA appeals and permits the submission of such appeals via email or facsimile. Additionally, the amendments clarify that responses may indicate no responsive records were located and update fee collection procedures to reflect direct reasonable operating costs.
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