On July 29, the Securities and Exchange Commission once again updated its planned schedule for adopting rules and taking other actions to implement the corporate governance and disclosure provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act. As reported in the April 15, 2011, edition of Corporate and Financial Weekly Digest, the SEC had previously announced its revised planned rule making schedule to implement provisions of the Dodd-Frank Act. Below are updated time periods set forth in the SEC’s further revised rule making schedule for governance and disclosure rules to be adopted during such time periods, as well as certain related actions. Section references are to the Dodd-Frank Act.

The following rules will be proposed in August – December 2011 and implemented in January – June 2012...