Dodd-Frank Act Unified Implementation Timeline

This timeline shows the FDIC's, Federal Reserve's and SEC's anticipated calendar for Dodd-Frank rulemaking, studies and reports, as announced by these regulators on their websites. It is static as of July 21, 2011. A version updated monthly is available as part of the Davis Polk Regulatory Tracker. For more information on the Regulatory Tracker, contact tracker@davispolk.com.

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August 2011
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November 2011
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December 2011
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January 2012
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102 - Fed Final Rule on Definitions of Related BHCs and Nonbank Financial Companies
[+]

July 2011 - September 2011
                             
Systemic Risk RegulationFed
     

1101 - Fed Proposed Rule on Section 13(3) Policies and Procedures
[+]

October 2011 - December 2011
                       
OtherFed
 

1502 - SEC Final Rule on Conflict Minerals

August 2011 - December 2011
                       
OtherSEC
 

1503 - SEC Final Rule on Mine Safety Disclosure

August 2011 - December 2011
                       
OtherSEC
 

1504 - SEC Final Rule on Resource Extraction Disclosure

August 2011 - December 2011
                       
OtherSEC
     

163(a) - Fed Proposed Rule on Applications by Nonbank Financial Companies to Acquire Bank Shares
[+]

October 2011 - December 2011
                       
Systemic Risk RegulationFed
     

163(b) - Fed Proposed Rule on Prior Notification for Large Nonbank Acquisitions
[+]

October 2011 - December 2011
                       
Systemic Risk RegulationFed
     

164 - Fed Proposed Rule on Application of Depository Institution Management Interlocks Act

October 2011 - December 2011
                       
Systemic Risk RegulationFed

165 - Fed Proposed Rule on Enhanced Prudential Standards for Large BHCs and Systemically Important Nonbank Financial Companies
[+]

July 2011 - September 2011
                             
Systemic Risk RegulationFed
 

165(d) - FDIC Joint Final Rule on Resolution Plans (with Fed)
[+]

August 2011 - December 2011
                       
Orderly Liquidation Authority / Living WillsFDIC
 

165(i) - FDIC Joint Proposed Rule on Stress Tests (with Fed/FIO)
[+]

August 2011 - December 2011
                       
Systemic Risk RegulationFDIC
 

165(i) - FDIC Joint Final Rule on Stress Tests (with Fed/FIO)
[+]

August 2011 - December 2011
                       
Systemic Risk RegulationFDIC
     

171 - Fed Proposed Rule on Minimum Leverage and Risk-Based Capital Requirements

October 2011 - December 2011
                       
Systemic Risk RegulationFed
     

173 - Fed Proposed Rule on Financial Stability Factor for FBO Applications

October 2011 - December 2011
                       
Systemic Risk RegulationFed
 

205 - FDIC Joint Final Rule on Orderly Liquidation Procedures for Broker-Dealers (with SEC)
[+]

August 2011 - December 2011
                       
Orderly Liquidation Authority / Living WillsFDIC
 

205 - FDIC Joint Proposed Rule on Orderly Liquidation Procedures for Broker-Dealers (with SEC)
[+]

August 2011 - December 2011
                       
Orderly Liquidation Authority / Living WillsFDIC
 

210 - FDIC Joint Final Rule on QFC Recordkeeping

August 2011 - December 2011
                       
Orderly Liquidation Authority / Living WillsFDIC
 

210 - FDIC Joint Proposed Rule on QFC Recordkeeping

August 2011 - December 2011
                       
Orderly Liquidation Authority / Living WillsFDIC
                       

210 - SEC Joint Final Rule on QFC Recordkeeping

July 2012 - December 2012
Orderly Liquidation Authority / Living WillsSEC

318 - Fed Comment Request on Supervisory Assessment Fees

July 2011 - September 2011
                             
Systemic Risk RegulationFed

342 - SEC Report on Office of Minority & Women Inclusion

July 2011 - July 2011
                                 
OtherSEC
                       

404 - SEC Report on Collected Information on IAs/BDs

July 2012 - December 2012
Oversight of Investment Advisers & Broker-DealersSEC
 

404 and 406 - SEC Joint Final Rule on Reporting Obligations on Investment Advisers for the Assessment of Systemic Risk (with CFTC)
[+]

August 2011 - December 2011
                       
Oversight of Investment Advisers & Broker-DealersSEC

413 - SEC Final Rule on Accredited Investor Standard

July 2011 - July 2011
                                 
OtherSEC

417 - SEC Report on Real Time Reporting of Short Sales

July 2011 - July 2011
                                 
OtherSEC
                       

417 - SEC Report on Short-Selling

July 2012 - December 2012
OtherSEC
 

418 - SEC Final Rule on Qualified Client Threshold

August 2011 - December 2011
                       
Oversight of Investment Advisers & Broker-DealersSEC
     

604 - Fed Proposed Rule on Financial Stability Considerations in BHC Transactions

October 2011 - December 2011
                       
Systemic Risk RegulationFed
     

604, 606 and 628 - Fed Proposed Rule on BHC Act Amendments for BHCs of Credit Card Banks
[+]

October 2011 - December 2011
                       
Systemic Risk RegulationFed

606, 624 and 625 - Fed Implementation of Supervisory Standards for Savings & Loan Holding Companies
[+]

July 2011 - September 2011
                             
Systemic Risk RegulationFed
 

616 - FDIC Joint Proposed Rule on Source of Strength (with Fed/OCC)
[+]

August 2011 - December 2011
                       
Systemic Risk RegulationFDIC
 

619 - FDIC Joint Final Rule on Volcker Rule (with CFTC/Fed/OCC/SEC)
[+]

August 2011 - December 2011
                       
Volcker RuleFDIC
 

619 - SEC Joint Final Rule on Volcker Rule (with CFTC/FDIC/Fed/OCC)
[+]

August 2011 - August 2011
                               
Volcker RuleSEC
 

619 - FDIC Joint Proposed Rule on Volcker Rule (with CFTC/Fed/OCC/SEC)
[+]

August 2011 - December 2011
                       
Volcker RuleFDIC

619 - Fed Joint Proposed Rule on Volcker Rule (with CFTC/FDIC/OCC/SEC)
[+]

July 2011 - September 2011
                             
Volcker RuleFed

619 - SEC Joint Proposed Rule on Volcker Rule (with CFTC/FDIC/Fed/OCC)
[+]

July 2011 - July 2011
                                 
Volcker RuleSEC
     

619 - Fed Joint Final Rule on Volcker Rule (with CFTC/FDIC/OCC/SEC)
[+]

October 2011 - December 2011
                       
Volcker RuleFed

621 - SEC Proposed Rule on ABS Conflicts of Interest

July 2011 - July 2011
                                 
Asset-Backed Securities OfferingsSEC
 

621 - SEC Final Rule on ABS Conflicts of Interest

August 2011 - December 2011
                       
Asset-Backed Securities OfferingsSEC

622 - Fed Proposed Rule on Volcker Rule Financial Sector Concentration Limit
[+]

July 2011 - September 2011
                             
Volcker RuleFed
     

622 - Fed Final Rule on Volcker Rule Financial Sector Concentration Limit
[+]

October 2011 - December 2011
                       
Volcker RuleFed
     

623 - Fed Proposed Rule on Thrift Acquisition National 10 Percent Deposit Cap

October 2011 - December 2011
                       
OtherFed
 

712 - SEC Joint Final Rule on Title VII Intermediaries Definitions (with CFTC)

August 2011 - December 2011
                       
DerivativesSEC
 

712 - SEC Joint Final Rule on Title VII Product Definitions (with CFTC)
[+]

August 2011 - December 2011
                       
DerivativesSEC
 

719 - SEC Joint Report on International Regulation of Swaps (with CFTC)

August 2011 - December 2011
                       
DerivativesSEC
 

719 - SEC Joint Report on Stable Value Contracts

August 2011 - December 2011
                       
DerivativesSEC
 

731 - FDIC Joint Final Rule on Capital and Margin Requirements for Swaps

August 2011 - December 2011
                       
DerivativesFDIC

742 - Fed Final Rule on Retail Foreign Exchange Transactions

July 2011 - September 2011
                             
DerivativesFed

742 - Fed Proposed Rule on Retail Foreign Exchange Transactions

July 2011 - September 2011
                             
DerivativesFed
 

763 - SEC Final Rule on Anti-Manipulation for SBS

August 2011 - December 2011
                       
DerivativesSEC
 

763 - SEC Final Rule on Clearing Agencies for SBS

August 2011 - December 2011
                       
DerivativesSEC
 

763 - SEC Final Rule on End-User Exception to Mandatory Clearing

August 2011 - December 2011
                       
DerivativesSEC
 

763 - SEC Final Rule on Mandatory Clearing of SBS

August 2011 - December 2011
                       
DerivativesSEC
 

763 - SEC Final Rule on Registration of SBSEFs

August 2011 - December 2011
                       
DerivativesSEC
 

763 - SEC Final Rule on Registration of SBSDRs

August 2011 - December 2011
                       
DerivativesSEC
 

763 and 766 - SEC Final Rule on Trade Reporting, Data Elements and Real-Time Public Reporting of SBS

August 2011 - December 2011
                       
DerivativesSEC
 

764 - SEC Final Rule on Registration of SBSDs and MSBSPs

August 2011 - December 2011
                       
DerivativesSEC

764 - SEC Proposed Rule on Registration of SBSDs and MSBSPs

July 2011 - July 2011
                                 
DerivativesSEC
 

765 - SEC Final Rule on Conflicts of Interest for Clearing Agencies, Execution Facilities and Exchanges involved in SBS

August 2011 - December 2011
                       
DerivativesSEC

766 - SEC Final Rule on Beneficial Ownership Determinations

July 2011 - July 2011
                                 
DerivativesSEC
 

805 - SEC Final Rule on Standards for Systemically Important Clearing Agencies

August 2011 - December 2011
                       
Systemic Risk RegulationSEC
 

806 - SEC Final Rule on Advance Notice of Changes by Designated Clearing Agencies

August 2011 - December 2011
                       
Systemic Risk RegulationSEC

806 - Fed Final Rule on Risk Management and Advanced Notice of Rule Changes for Systemically Important FMUs
[+]

July 2011 - September 2011
                             
Systemic Risk RegulationFed
 

913 - SEC Proposed Rule on Obligations of Brokers, Dealers and Investment Advisers Based on Study

August 2011 - December 2011
                       
Oversight of Investment Advisers & Broker-DealersSEC

915 and 919D - SEC Report on Office of Investor Advocate Objectives

July 2011 - July 2011
                                 
OtherSEC
                       

917 - SEC Report on Retail Investor Financial Literacy

July 2012 - December 2012
Oversight of Investment Advisers & Broker-DealersSEC
                       

919B - SEC Final Rule on Improving Access to Regiatration Information on Broker-Dealers and Investment Advisers

July 2012 - December 2012
Oversight of Investment Advisers & Broker-DealersSEC
 

926 - SEC Final Rule on Disqualification of Bad Actors

August 2011 - December 2011
                       
OtherSEC
 

929W - SEC Final Rule on Due Diligence for Missing Securities Holders

August 2011 - December 2011
                       
OtherSEC
           

929Y - SEC Report on Extraterritorial Private Rights of Action

January 2012 - June 2012
           
OtherSEC

932 - SEC Report on NRSRO Inspections and Findings

July 2011 - July 2011
                                 
Credit Rating AgenciesSEC
 

932 - SEC Final Rule on Credit Rating Procedures and Methodology

August 2011 - December 2011
                       
Credit Rating AgenciesSEC
 

932 - SEC Final Rule on Fines and Penalties for NRSROs

August 2011 - December 2011
                       
Credit Rating AgenciesSEC
 

932 - SEC Final Rule on NRSRO Internal Controls Reports

August 2011 - December 2011
                       
Credit Rating AgenciesSEC
 

932 - SEC Final Rule on Technical Amendments to NRSRO Rules

August 2011 - December 2011
                       
Credit Rating AgenciesSEC
 

932 - SEC Final Rule on Third-Party Certification of ABS Ratings
[+]

August 2011 - December 2011
                       
Credit Rating AgenciesSEC
 

932 - SEC Final Rule on Transparency of NRSRO Ratings Performance

August 2011 - December 2011
                       
Credit Rating AgenciesSEC
 

936 - SEC Final Rule on Standards for NRSRO Analysts

August 2011 - December 2011
                       
Credit Rating AgenciesSEC
 

938 - SEC Final Rule on Ratings Symbols

August 2011 - December 2011
                       
Credit Rating AgenciesSEC

939(h) - SEC Report on Standardization of the Credit Rating Process

July 2011 - July 2011
                                 
Credit Rating AgenciesSEC

939A - FDIC Report on Use of Credit Ratings

July 2011 - July 2011
                                 
Credit Rating AgenciesFDIC

939A - Fed Report on Use of Credit Ratings

July 2011 - September 2011
                             
Credit Rating AgenciesFed
     

939A - Fed Proposed Rule on the Use of Credit Ratings

October 2011 - December 2011
                       
Credit Rating AgenciesFed
                       

939F - SEC Report on Ratings Process for Structured Products

July 2012 - December 2012
Credit Rating AgenciesSEC
 

941 - FDIC Joint Final Rule on Credit Risk Retention (with Fed/FHFA/HUD/OCC/SEC)
[+]

August 2011 - December 2011
                       
Asset-Backed Securities OfferingsFDIC
 

941 - SEC Joint Final Rule on Credit Risk Retention (with FDIC/Fed/FHFA/HUD/OCC)
[+]

August 2011 - December 2011
                       
Asset-Backed Securities OfferingsSEC

951 - SEC Final Rule on Executive Compensation Voting Disclosure by Institutional Investment Managers

July 2011 - July 2011
                                 
Executive Compensation / Corporate GovernanceSEC
                       

952 - SEC Report on Use of Compensation Consultants

July 2012 - December 2012
Executive Compensation / Corporate GovernanceSEC
 

952 - SEC Final Rule on Exchange Listing Standards Regarding Compensation Committee Independence

August 2011 - December 2011
                       
Executive Compensation / Corporate GovernanceSEC
 

953 and 955 - SEC Final Rule on Pay-for-Performance Disclosure, Pay Ratios and Hedging

August 2011 - December 2011
                       
Executive Compensation / Corporate GovernanceSEC
 

953 and 955 - SEC Proposed Rule on Pay-for-Performance Disclosure, Pay Ratios and Hedging

August 2011 - December 2011
                       
Executive Compensation / Corporate GovernanceSEC
 

954 - SEC Final Rule on Clawbacks

August 2011 - December 2011
                       
Executive Compensation / Corporate GovernanceSEC
 

954 - SEC Proposed Rule on Clawbacks

August 2011 - December 2011
                       
Executive Compensation / Corporate GovernanceSEC
 

956 - FDIC Joint Final Rule on Incentive-Based Compensation (with Fed/FHFA/NCUA/OCC/SEC)
[+]

August 2011 - December 2011
                       
Executive Compensation / Corporate GovernanceFDIC
 

956 - SEC Joint Final Rule on Enhanced Compensation Structure

August 2011 - December 2011
                       
Executive Compensation / Corporate GovernanceSEC

956 - Fed Joint Final Rule on Incentive-Based Compensation (with FDIC/FHFA/NCUA/OCC/SEC)
[+]

July 2011 - September 2011
                             
Executive Compensation / Corporate GovernanceFed
 

967 - SEC Report on Response to Independent Consultant Recommendations

August 2011 - December 2011
                       
Executive Compensation / Corporate GovernanceSEC
 

975 - SEC Final Rule on Registration of Municipal Advisers

August 2011 - December 2011
                       
OtherSEC

989H - SEC Report on Actions Taken in Response to Deficiencies Identified by the SEC's Inspector General

July 2011 - July 2011
                                 
OtherSEC
 

991 - SEC Final Order on Annual Adjustment to Registration Fees

August 2011 - December 2011
                       
OtherSEC
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