Retrospective Review of Existing Regulations

On July 11, 2011, the President issued Executive Order 13579, "Regulation and Independent Regulatory Agencies,' which, among other things, states that independent regulatory agencies, no less than executive agencies, should promote the goal, set forth in Executive Order 13563 of January 18, 2011, of a regulatory system that protects "public health, welfare, safety, and our environment while promoting economic growth, innovation, competitiveness, and job creation.' In furtherance of its ongoing efforts to update regulations to reflect market developments and changes in the regulatory landscape, and in light of Executive Order 13579, the Securities and Exchange Commission ("Commission') invites interested members of the public to submit comments to assist the Commission in considering the development of a plan for the retrospective review of its regulations.