SEC Alert! Chair Gary Gensler Statement on Fall 2022 Regulatory Flexibility Agenda


Today, the Office of Information and Regulatory Affairs released the Fall 2022 Unified Agenda of Regulatory and Deregulatory Actions, which includes contributions related to the Securities and Exchange Commission and short- and long-term regulatory actions that administrative agencies plan to take.

I support this agenda as it reflects the need to modernize our ruleset, moving deliberately to update our rules in light of ever-changing technologies and business models in the securities markets. Our ability to meet our mission depends on having an up-to-date rulebookโ€”consistent with our mandate from Congress, guided by economic analysis, and shaped by public input.

The SECโ€™s regulatory actions on this unified agenda would help make our markets more efficient, resilient, and fair, including through rulemaking items we have been directed by Congress to implement. Taken together, the items on this agenda would advance our three-part mission: to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation.

I thank our excellent staff for their thoughtful recommendations and dedicated work to update our rules. I encourage those interested to submit comments on our rulemaking items to help improve the rules governing our $100 trillion capital markets.

Fall 2022 Unified Agenda of Regulatory and Deregulatory Actions SEC Agency Rule List:


  1. Proposed Rule Stage: Amendments to the Rules of Practice 3235-AN20
  2. Proposed Rule Stage: Privacy Act Amendments 3235-AN21
  3. Proposed Rule Stage: Corporate Board Diversity 3235-AL91
  4. Proposed Rule Stage: Disclosure of Payments by Resource Extraction Issuers 3235-AM06
  5. Proposed Rule Stage: Rule 144 Holding Period 3235-AM78
  6. Proposed Rule Stage: Human Capital Management Disclosure 3235-AM88
  7. Proposed Rule Stage: Regulation D and Form D Improvements 3235-AN04
  8. Proposed Rule Stage: Revisions to the Definition of Securities Held of Record 3235-AN05
  9. Proposed Rule Stage: Amendments to the Custody Rules for Investment Advisers 3235-AM32
  10. Proposed Rule Stage: Open-End Fund Liquidity and Dilution Management 3235-AM98
  11. Proposed Rule Stage: Fund Fee Disclosure and Reform 3235-AN12
  12. Proposed Rule Stage: Digital Engagement Practices for Investment Advisers 3235-AN14
  13. Proposed Rule Stage: Outsourcing by Investment Advisers 3235-AN18
  14. Proposed Rule Stage: Prohibition Against Conflicts of Interest Relating to Certain Securitizations 3235-AL04
  15. Proposed Rule Stage: Exchange-Traded Products 3235-AL57
  16. Proposed Rule Stage: Electronic Filing of Broker-Dealer, Clearing Agency, and Self-Regulatory Organization Security-Based Swap Entity Reports 3235-AL85
  17. Proposed Rule Stage: Equity Market Structure Modernization 3235-AM57
  18. Proposed Rule Stage: Digital Engagement Practices for Broker-Dealers 3235-AN00
  19. Proposed Rule Stage: Expanding Clearing of Government Securities 3235-AN09
  20. Proposed Rule Stage: Cybersecurity 3235-AN15
  21. Proposed Rule Stage: Regulation ATS Modernization 3235-AN16
  22. Proposed Rule Stage: Clearing Agency Recovery and Wind-Down 3235-AN19
  23. Proposed Rule Stage: Amendments to Requirements for Filer Validation and Access to the EDGAR Filing System 3235-AM58
  24. Final Rule Stage: Listing Standards for Recovery of Erroneously Awarded Compensation 3235-AK99
  25. Final Rule Stage: Rule 10b5-1 and Insider Trading 3235-AM86
  26. Final Rule Stage: Climate Change Disclosure 3235-AM87
  27. Final Rule Stage: Cybersecurity Risk Governance 3235-AM89
  28. Final Rule Stage: Special Purpose Acquisition Companies 3235-AM90
  29. Final Rule Stage: Rule 14a-8 Amendments 3235-AM91SECFinal Rule StageModernization of Beneficial Ownership Reporting 3235-AM93
  30. Final Rule Stage: Share Repurchase Disclosure Modernization 3235-AM94
  31. Final Rule Stage: Enhanced Reporting of Proxy Votes by Registered Management Investment Companies; Reporting on Executive Compensation Votes by Institutional Investment Managers 3235-AK67
  32. Final Rule Stage: Tailored Shareholder Reports, Treatment of Annual Prospectus Updates for Existing Investors, and Improved Fee and Risk Disclosure for Mutual Funds and ETFs; Fee Information in Investment Company Ads 3235-AM52
  33. Final Rule Stage: Investment Company Names 3235-AM72
  34. Final Rule Stage: Amendments to Form PF to Require Current Reporting and Amend Reporting Requirements for Large Private Equity Advisers and Large Liquidity Fund Advisers 3235-AM75
  35. Final Rule Stage: Money Market Fund Reforms 3235-AM80
  36. Final Rule Stage: Enhanced Disclosures by Certain Investment Advisers and Investment Companies about Environmental, Social, and Governance Investment Practices 3235-AM96
  37. Final Rule Stage: Private Fund Advisers; Documentation of Registered Investment Adviser Compliance Reviews 3235-AN07
  38. Final Rule Stage: Cybersecurity Risk Governance 3235-AN08
  39. Final Rule Stage: Form PF; Reporting Requirements for All Filers and Large Hedge Fund Advisers 3235-AN13
  40. Final Rule Stage: Clearing Agency Governance 3235-AK74
  41. Final Rule Stage: Prohibition Against Fraud, Manipulation, and Deception in Connection With Security-Based Swaps; Prohibition Against Undue Influence Over Chief Compliance Officers; and Disclosure of SBS Positions 3235-AK77
  42. Final Rule Stage: Rules Relating to Security-Based Swap Execution and Registration and Regulation of Security-Based Swap Execution Facilities 3235-AK93
  43. Final Rule Stage: Removal of References to Credit Ratings From Regulation M 3235-AL14
  44. Final Rule Stage: Short Sale Disclosure Reforms 3235-AM34
  45. Final Rule Stage: Amendments to Exchange Act Rule 3b-16 re Definition of "Exchange"; Regulation ATS and Regulation SCI for ATSs That Trade U.S. Government Securities, NMS Stocks and Other Securities 3235-AM45
  46. Final Rule Stage: Amendments to NMS Plan for the Consolidated Audit Trail-Data Security 3235-AM62
  47. Final Rule Stage: Electronic Recordkeeping Requirements for Broker-Dealers and Security-Based Swap Dealers and Major Security-Based Swap Participants 3235-AM76
  48. Final Rule Stage: Loan or Borrowing of Securities 3235-AN01
  49. Final Rule Stage: Amendments to Securities Transaction Settlement Cycle 3235-AN02
  50. Final Rule Stage: Further Definition of Dealers 3235-AN10
  51. Final Rule Stage: Narrowing Exemption for Certain Exchange Members 3235-AN17

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