Every year of delay "is another year that people go hungry and have a lack of education and schools because oil and mining revenues aren't being used properly," Gary said.
The regulator is also working on assigning broker-dealers a new standard for dealing with retail clients -- a fiduciary duty to parallel the standard that investment advisers work under.
In April, that rule was moved from the agency's Dodd-Frank working calendar to a catch-all category: "Dates still to be determined."