# Delegation of Authority to Director of the Division of Enforcement
> **US Securities and Exchange Commission** · Final rule. · Published 2020-12-29 · Effective 2020-12-29 · 85 FR 85512
## Document
- **Document number:** 2020-27537
- **Category:** final-rule
- **Agency:** US Securities and Exchange Commission
- **Federal Register citation:** 85 FR 85512
- **CFR reference:** 17 CFR 200
- **Publication date:** 2020-12-29
- **Effective date:** 2020-12-29
- **Docket:** Release No. 33-10900
## Abstract

The Securities and Exchange Commission ("Commission") is revising its regulations with respect to the delegations of authority to the Director of the Division of Enforcement. These revisions are the result of the Commission's experience with its nonpublic investigations, litigation in Federal court, and disgorgement and Fair Fund plans in administrative and cease-and-desist proceedings instituted by the Commission. The revisions are intended to conserve Commission resources and make Commission operations more efficient by delegating to the Director the discretion to take the actions described below.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2020/12/29/2020-27537/delegation-of-authority-to-director-of-the-division-of-enforcement)
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