SEC Releases the Agency's Strategic Plan, Performance Reports and Budget Documents
The SEC has released the agency's strategic plan, annual reports and budget documents. As a starting matter, the documents request more funding and emphasize the significance of the enforcement program. While much of the document is standard fare as to the SEC's missions (good disclosure, protect investors), the document does provide some guidance as to the SEC's longer-term priorities. Among the items specifically mentioned in the reports are (i) improvements to the proxy information infrastructure; (ii) consideration of how beneficial ownership reporting requirements should apply to swaps; (iii) harmonizing the regulatory structure for broker-dealers and investment advisers; (iv) reviewing distribution fees for registered investment companies; and (v) improved disclosures on asset-backed securiites. There is also discussion of accounting regulation.
2010-2015 Strategic Plan
Annual Performance and Financial Reports
2011 Performance and Accountability ReportPrior Years Performance and Accountability Reports
Budget Reports
Congressional Justification FY13 In Brief
Prior Years Congressional Justification In Brief
View release in full here (links externally to SEC website).