[Code of Federal Regulations]
[Title 17, Volume 2]
[Revised as of April 1, 2001]
From the U.S. Government Printing Office via GPO Access
[CITE: 17CFR200.30-7]

[Page 40-41]
 
              TITLE 17--COMMODITY AND SECURITIES EXCHANGES
 
             CHAPTER II--SECURITIES AND EXCHANGE COMMISSION
 
PART 200--ORGANIZATION; CONDUCT AND ETHICS; AND INFORMATION AND REQUESTS--Table of Contents
 
             Subpart A--Organization and Program Management
 
Sec. 200.30-7  Delegation of authority to Secretary of the Commission.

    Pursuant to the provisions of Pub. L. 87-592, 76 Stat. 394 (15 
U.S.C. 78d-1), the Securities and Exchange Commission hereby delegates, 
until the Commission orders otherwise, the following functions to the 
Secretary of the Commission to be performed by him or under his 
direction by such person or persons as may be designated from time to 
time by the Chairman of the Commission:
    (a) With respect to proceedings conducted pursuant to the Securities 
Act of 1933, 15 U.S.C. 77a et seq., the Securities Exchange Act of 1934, 
15 U.S.C. 78a et seq., the Public Utility Holding Company Act of 1935, 
15 U.S.C. 79a et seq., the Trust Indenture Act of 1939, 15 U.S.C. 77aaa 
et seq., the Investment Company Act of 1940, 15 U.S.C. 80a-1 et seq., 
and the Investment Advisers Act of 1940, 15 U.S.C. 80b-1 et seq.:
    (1) To fix the time and place for hearings and oral arguments before 
the Commission pursuant to Rule 451 of the Commission's Rules of 
Practice, Sec. 201.451 of this chapter;
    (2) In appropriate cases to extend and reallocate the time 
prescribed in Rule 451(c) of the Commission's Rules of Practice, 
Sec. 201.451(c) of this chapter;
    (3) To postpone or adjourn hearings or otherwise adjust the date for 
commencement of hearings before the Commission pursuant to Rule 161 of 
the Commission's Rules of Practice, Sec. 201.161 of this chapter, and to 
advance such hearings;
    (4) To grant or deny extensions of time within which to file papers 
with the Commission under Rule 161 of the Commission's Rules of 
Practice, Sec. 201.161 of this chapter.
    (5) To permit the filing of briefs with the Commission exceeding 60 
pages in length, pursuant to Rule 450(c) of the Commission's Rules of 
Practice, Sec. 201.450(c) of this chapter;
    (6) To certify records of proceedings upon which are entered orders 
the subject of review in courts of appeals pursuant to section 9 of the 
Securities Act of 1933, 15 U.S.C. 77i, section 25 of the Securities 
Exchange Act of 1934, 15 U.S.C. 78y, section 24 of the Public Utility 
Holding Company Act of 1935, 15 U.S.C. 79x, section 322(a) of the Trust 
Indenture Act of 1939, 15 U.S.C. 77vvv, section 43 of the Investment 
Company Act of 1940, 15 U.S.C. 80a-42, and section 213 of the Investment 
Advisers Act of 1940, 15 U.S.C. 80b-13;
    (7) Except where the Commission otherwise directs, to issue findings 
and orders pursuant to offers of settlement which the Commission has 
determined should be accepted;
    (8) To issue findings and orders taking the remedial action 
described in the order for proceedings where a respondent expressly 
consents to such action, fails to appear, or defaults in the filing of 
an answer required to be filed and to grant a request, based upon a 
showing of good cause, to vacate an order or default, so as to permit 
presentation of a defense;
    (9) To designate officers of the Commission to serve notices of and 
orders for proceedings and decisions and orders in such proceedings, the 
service of which is required by Rules 141 and 150 of the Commission's 
Rules of Practice, Secs. 201.141 and 201.150 of this chapter;
    (10) To set the date for sanctions to take effect if an initial 
decision is not appealed and becomes final pursuant to Rule 360(d) or if 
an initial decision is affirmed pursuant to Rule 411;
    (11) To publish pursuant to Rule 612 of the Commission's Rules of 
Practice, Sec. 201.612 of this chapter, notices of plans of disgorgement 
and, if no negative comments are received, to issue orders approving 
proposed plans of disgorgement pursuant to Rule 613 of the Commission's 
Rules of Practice, Sec. 201.613 of this chapter. Upon the motion of the 
staff for good cause shown, to approve the publication of proposed plans 
of disgorgement that omit plan elements required by Rule 611 of the 
Commission's Rules of Practice, Sec. 201.611 of this chapter.
    (b) To order the making of private investigations pursuant to 
section 21(a) of the Securities Exchange Act of 1934,

[[Page 41]]

on request of the Division of Corporation Finance or the Division of 
Enforcement, with respect to proxy contests subject to section 14 of 
that Act and regulation 14A thereunder, and tender offers filed pursuant 
to section 14(d) of the Act.
    (c) Notwithstanding anything in the foregoing, in any case in which 
the Secretary of the Commission believes it appropriate he or she may 
submit the matter to the Commission.

(15 U.S.C. 78d, 78d-1, 78d-2)

[35 FR 17989, Nov. 24, 1970. Redesignated at 37 FR 16792, Aug. 19, 1972, 
and amended at 38 FR 12913, May 17, 1973; 40 FR 46107, Oct. 6, 1975; 43 
FR 13377, Mar. 30, 1978; 60 FR 14629, Mar. 20, 1995; 60 FR 32794, June 
23, 1995; 61 FR 5939, Feb. 15, 1996; 61 FR 13689, Mar. 28, 1996; 61 FR 
15338, Apr. 5, 1996]