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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