Final Rule
Delegation of Authority to the General Counsel of the Commission
Overview
The Securities and Exchange Commission ("Commission') is revising regulations with respect to the delegations of authority to the Commission's General Counsel. The revisions are a result of the Commission's experience with its bankruptcy program and they are intended to conserve Commission resources by delegating to staff the discretion to file objections in bankruptcy cases with respect to the frequently recurring issue of non-debtor third-party releases. The revisions will expedite and enhance the effectiveness of the Commission's bankruptcy program by enabling staff to meet bankruptcy court deadlines that affect issues important to the Commission.
Details
Rule Type
Final
Release Number
33-10757
34-88245
IA-5446
IC-33802
SEC Issue Date
Feb. 19, 2020
Effective Date
March 2, 2020
Federal Register Publish Date
March 2, 2020
Document Citation
85 FR 12221