Freedom of Information Act Regulations Changes Proposed
The Securities and Exchange Commission is proposing changes to its regulations under the Freedom of Information Act (“FOIA”). Issued as the proposed rule, Amendments to the Commission’s Freedom of Information Act Regulations, the proposed amendments would reflect required changes according to the FOIA Improvement Act of 2016. The changes would also clarify and revise the language of numerous procedural provisions. Comments on the proposed FOIA changes are due 30 days after publication in the Federal Register.
SEC Proposes Amendments to Freedom of Information Act
Released for public comment, a proposed rule by the U.S. Securities and Exchange Commission (“SEC”) offers amendments to the Freedom of Information Act (“FOIA”). Entitled Freedom of Information Act Regulations: Fee Schedule, Addition of Appeal Time Frame, and Miscellaneous Administrative Changes, the proposal will allow the SEC to: collect fees that show the true costs related to such requests; create a 30-day appeals time frame that would be consistent with other Federal agencies, as well as provide the Office of the General Counsel increased efficiency and processing; permit FOIA appeals to be submitted via email or fax; and allow the Office of. Read More.