Securities and Exchange Commissioner Laura S. Unger detailed initiatives Wednesday on year-2000 issues.
For the first time, the SEC has halted rulemaking that could affect firms' information technology systems. The moratorium began on June 1 and runs until March 31.
The SEC is also working with the securities industry to establish a network of information and coordination centers to monitor year-2000 activity and respond to problems quickly, she said.
The SEC also plans to require firms to be certified by Aug. 31 as year- 2000 compliant. Noncompliant firms could be shut down after Oct. 15, she said.
Ms. Unger spoke to about 600 attendees of the Security Industry Association's Y2K Update Conference.