Final Rule
Delegation of Authority to the Chief Financial Officer
Overview
The Securities and Exchange Commission ("Commission') is amending its rules to delegate to the Chief Financial Officer the authority granted to the Commission by Section 21F(g)(4) of the Securities and Exchange Act of 1934 ("Exchange Act') to request that the Secretary of the Treasury invest the portion of the Commission's whistleblower reward fund that, in its discretion, is not required to meet the current needs of the fund, and determine the maturities for those investments suitable to the needs of the fund. These changes are intended to streamline the operation of the Commission by delegating to staff certain routine financial responsibilities.
Details
Rule Type
Final
Release Number
34-73229
SEC Issue Date
Sept. 26, 2014
Effective Date
September 29, 2014
Federal Register Publish Date
Oct. 1, 2014
Document Citation
79 FR 59104