SIFMA Submits Comments to SEC on Draft Strategic Plan for FY2014 - FY2018

SIFMA submitted comments to the SEC, on the SEC's draft of the "Strategic Plan: Fiscal Years 2014-2018," to provide input for achieving some of the goals outlined in the draft plan as well as identify issues "critical to SIFMA members that fall within one or more of the SEC's strategic goals and underlying objectives."

SIFMA suggested that the draft plan should address:

• implementing a uniform fiduciary standard;
• looking at qualitative factors in addition to quantitative factors and economic impacts in cost-benefit analyses; and
• coordinating the SEC's Section 913 efforts with the Department of Labor ("DOL") to avoid conflicting and unnecessary DOL regulation regarding fiduciary obligations.

See: SIFMA Comment Letter. Related news: Key Points of the SEC Strategic Plan for 2014-2018 (with Delta Strategy Group Summary and Lofchie Comment) (February 20, 2014); SEC Publishes Draft Strategic Plan for Public Comment (with Lofchie Comment) (February 3, 2014).