Data / Federal rules / 2025-04064
Delegation of Authority to Director of the Division of Enforcement
The Securities and Exchange Commission published this final rule in the Federal Register on March 14, 2025. It took effect on March 14, 2025.
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What the agency says
The Securities and Exchange Commission ("Commission") is amending its regulations with respect to the delegations of authority to the Director of the Division of Enforcement ("Director") to eliminate the delegation of authority to issue formal orders of investigation. Formal orders designate the enforcement staff authorized to issue subpoenas in connection with investigations under the Federal securities laws. This amendment is the result of the Commission's experience with its nonpublic investigations. The amendment is intended to increase effectiveness by more closely aligning the Commission's use of its investigative resources with Commission priorities.
Key facts
- Document number
- 2025-04064
- Type
- Final rule
- Action
- Final rule
- Agency
- Securities and Exchange Commission
- Published
- March 14, 2025
- Takes effect
- March 14, 2025
- Dates
- Effective March 14, 2025.
- Docket
- Release No. 33-11366; 34-102552; IA-6862; IC-35492
- Code of Federal Regulations
- 17 CFR 200
- Topics
- Administrative practice and procedure; Authority delegations (Government agencies)
- Pages
- 2
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Everything from the Securities and Exchange Commission · Rules on administrative practice and procedure · Rules on authority delegations (government agencies) · Published in March 2025
Read from the Federal Register API, last updated 2026-10-23. The document on federalregister.gov is the official record; dates and dockets can change through later corrections. Free to reuse with credit to SpecStream under CC BY 4.0.