SEC Asked to Make Sufficient Time for Public Input

SEC Asked to Make Sufficient Time for Public Input

SIFMA along with other associations submitted a joint letter to the Securities and Exchange Commission (SEC) regarding the need for sufficient comment periods, cost benefit analysis and meaningful public input in the regulatory rulemaking process.


April 5, 2022

Via Electronic Submission

Honorable Gary Gensler
U.S. Securities and Exchange Commission
100 F Street N.E.
Washington, DC 20549

Re: Importance of Appropriate Length of Comment Periods

Dear Chair Gensler:

As you have highlighted in many contexts, the U.S. Securities and Exchange Commission’s (Commission) tripartite mission is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation.1

The rules crafted and enforced by the Commission are the vital foundation of the Commission’s critical mission objectives. The Associations,2 however, are concerned that meaningful public input into the rulemaking process, a pivotal element of ensuring that the Commission’s rules are appropriately tailored and that the Commission is meeting its statutory obligations and tripartite mission, is at risk of being lost in the Commission’s current rulemaking agenda.

Sufficient time for meaningful public input into individual proposals and more holistically on the Commission’s rulemaking agenda and the possible interconnectedness of these proposals is vitally important and ultimately could have a significant impact on savers, investors, capital formation, and economic growth and job creation.3

Source: SIFMA

Related articles

  1. The Federal Reserve said the pilot exercise will be launched in early 2023.

  2. Voluntary carbon markets are one of the fastest growing markets in recent years.

  3. Bank failed to report OTC options positions in more than 7.4m instances.

  4. The new office will be established later this year.

  5. Regulators Defend MiFID II Transparency

    CPMI and IOSCO encourage work to enhance transparency regarding new access models and facilitate porting.