October 20, 2022
Reopened Comment Periods: The Clock Is Running
John blogged last week about a tech glitch that caused the SEC to reopen the comment period on 11 rulemaking proposals and one request for comment. On Tuesday, the SEC’s order was published in the Federal Register, which began the 14-day clock for the reopened comment periods. The window closes on November 1st.
What does that mean for the timeline for these proposals? We can’t know for sure whether or when they’ll be adopted, but here are the general next steps after November 1st:
– SEC Staff moves forward with making sure all submitted comments are received and reviewing any additional comments that were submitted during the reopened period.
– SEC Staff continues with its process of drafting the final rules & adopting releases for the affected proposals, considering all comments.
– The Commissioners can then consider whether to approve each proposed rule (what they consider will include proposal modifications that are drafted by the Staff in response to public comments).
– Liz Dunshee