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| SEC | RIN: 3235-AJ37 | Publication ID: 2012 |
| Title: Amendments to Regulation M: Anti-Manipulation Rules Concerning Securities Offerings | |
| Abstract: The Commission proposed amendments to Regulation M under an earlier RIN 3235-AF54 to prohibit certain activities by underwriters and other distribution participants that can undermine the integrity and fairness of the offering process, particularly with respect to allocation of offered securities. The amendments also sought to enhance the transparency of syndicate covering bids and prohibit the use of penalty bids. The amendments were also intended to update certain definitional and operational provisions in light of market developments since Regulation M's adoption. | |
| Agency: Securities and Exchange Commission(SEC) | Priority: Substantive, Nonsignificant |
| RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
| Major: No | Unfunded Mandates: No |
| CFR Citation: 17 CFR 242.100; 17 CFR 242.101; 17 CFR 242.102; 17 CFR 242.103; 17 CFR 242.104; 17 CFR 242.105 | |
| Legal Authority: 15 USC 77g; 15 USC 77a(a); 15 USC 77s(a); 15 USC 78b; 15 USC 78c; 15 USC 78i(a); 15 USC 78j; 15 USC 78k-1(c); 15 USC 78l; 15 USC 78m; 15 USC 78n; 15 USC 78o(b); 15 USC 78o(c); 15 USC 78(g); 15 USC 78q(a); 15 USC 78q(b); 15 USC 78w(a); 15 USC 78dd-1; 15 USC 78mm; 15 USC 80a-23; 15 USC 80a-29; 15 USC 80a-37 | |
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Legal Deadline:
None |
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Timetable:
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| Regulatory Flexibility Analysis Required: No | Government Levels Affected: Undetermined |
| Federalism: No | |
| Included in the Regulatory Plan: No | |
| RIN Information URL: www.sec.gov/rules/proposed/33-8511.htm | |
| RIN Data Printed in the FR: No | |
| Related RINs: Related to 3235-AJ00, Related to 3235-AF54 | |
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Agency Contact: Joan Collopy Division of Trading and Markets Securities and Exchange Commission 100 F Street NE, Washington, DC 20549 Phone:202 551-5743 |
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