by The Compliance Exchange on September 18, 2012
It’s no secret that the Securities and Exchange Commission has failed to meet many statutory deadlines for an avalanche of regulations required by the 2010 Dodd-Frank financial regulatory overhaul.
Still, for nearly two years, the agency sorted its roughly 100 mandates into broad six-month periods, based on staff estimates of when the five-member agency would act. Though it failed to meet a July 2011 statutory deadline for the bulk of the Dodd-Frank rule mandates, it continued to include on its website the rough internal timetable.
But now the SEC is conceding it has no idea when it will finish the rules.
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