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Rating:SEC Releases Five-Year Strategic Plan Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, August 5, 2004

SEC Releases Five-Year Strategic Plan

Reported by Theresa Sim

If you've been waiting to let the SEC have it, now may be the only chance you'll have for a while.

The agency issued a five-year strategic plan on Thursday. The SEC, which conducts the review every three years, will gather comment on the plan for the next 90 days, reported Dow Jones.

"This is the first time we're actively asking for comment on our strategic plan," Dow Jones reported Peter Derby, the SEC's executive director for operations, as saying.

Among the changes outlined in the hefty 58-page report include plans to "substantially upgrade" EDGAR and the EDGAR website.

The agency's plans for the investment management industry recapped outstanding SEC proposals and rules, such as increasing the independence of directors, improving fee disclosure, combating trading abuses, and improving shareholder proxy access.

The agency also noted that although the government has continually upped the SEC's resources in the last few years, the agency will receive less in fees in 2006 thanks to a federal law.

"In the period leading up to this drop in fee collections, it may be appropriate to reevaluate the fee and funding structures and consider alternatives such as self-funding that will give the SEC a stable, long-term funding source," stated the SEC. 

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