As it has on other occasions since the Dodd-Frank legislation was passed, the SEC has once again delayed action on a number of rulemaking and investor proteciton activities mandated by the legislation. Though many of the delayed rulemaking relates to executive compensation and say-on-pay, quite a few of the delayed initiatives relate to derivatives and complex securities. Because of some vagueness in the Dodd-Frank provisions about which agency, the SEC or CFTC must act, these initiatives require quite a bit of coordination and negotiation between the two agencies. In addition, as with earlier delays, some changes in the schedule are likely due to budgetary, personnel, and resource constraints.
The SEC's schedule for Dodd-Frank activities is available at: http://www.sec.gov/spotlight/dodd-frank/dfactivity-upcoming.shtml#infonotes