March 30 SEC Meeting Takes Up Credit Risk Retention, Listing Standards for Compensation Committees

SEC Open Meeting Agenda, March 30, 2011

Item 1:
 CREDIT RISK RETENTION
 Office:
 Division of Corporation Finance
 
The Commission will consider whether to propose joint rules with other Agencies to implement Section 941(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act relating to credit risk retention by securitizers of asset-backed securities.

Item 2:
 LISTING STANDARDS FOR COMPENSATION COMMITTEES
 Office:
 Division of Corporation Finance

The Commission will consider whether to propose a new rule and rule amendments to implement Section 952 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which requires the Commission to direct the national securities exchanges and national securities associations to adopt certain listing standards with respect to compensation committees and compensation advisers. Section 952 also requires the Commission to adopt new disclosure rules concerning the use of compensation consultants and conflicts of interest.