On June 24, the Securities and Exchange Commission (SEC) released five additional Compliance and Disclosure Interpretations for Item 1.05 of Form 8-K (Material Cybersecurity Incidents). These interpretations provide additional guidance as to whether and when materiality determinations should be made and when related reporting obligations arise. Continue Reading Just In! More Guidance on Material Cybersecurity Incidents (Item 1.05 of Form 8-K)
Certain Members of Congress Urge SEC to Enforce Existing Climate Disclosure Rules During Litigation
Earlier this month, 38 Congressional Democrats (10 Senators; 28 Representatives) sent a letter to Chairman Gary Gensler of the Securities & Exchange Commission (SEC), urging the SEC to robustly enforce its existing rules and climate disclosure-related guidance while the recent climate disclosure rules are under litigation and a related stay.Continue Reading Certain Members of Congress Urge SEC to Enforce Existing Climate Disclosure Rules During Litigation
Update on Litigation Timeline of SEC’s Climate Disclosure Rules
We previously blogged about the final climate disclosure rules, and how the Securities and Exchange Commission (SEC) voluntarily stayed implementation of the final rules pending the completion of judicial review of the consolidated Eighth Circuit cases. Continue Reading Update on Litigation Timeline of SEC’s Climate Disclosure Rules
T+1 = Here We Come!
On February 15, 2023, the Securities and Exchange Commission (SEC) adopted a set of rule amendments and new rules to facilitate the shortening of the standard settlement cycle for most broker-dealer transactions from two business days after the trade date (or T+2) to one business day after the trade date (or T+1). Continue Reading T+1 = Here We Come!
Embattled SEC Climate Disclosure Rule
I was recently quoted in Corporate Compliance Insights sharing perspective on the new climate disclosure rules issued in March 2024 by the Securities Exchange Commission (SEC). The SEC voluntarily stayed the new rules while the Court of Appeals for the Eighth Circuit completes judicial review of consolidated challenges to the new rules.Continue Reading Embattled SEC Climate Disclosure Rule
SEC Voluntarily Pauses Implementation of Climate Disclosure Rules Amid Legal Challenges
Today, the Securities Exchange Commission (SEC) voluntarily stayed its recently issued Climate Disclosure Rules. Continue Reading SEC Voluntarily Pauses Implementation of Climate Disclosure Rules Amid Legal Challenges
Update on SEC Climate Change Rules
In a never ending saga to the climate disclosure rules, on March 15, the Fifth Circuit temporarily stayed the recently adopted climate change disclosure rules. Continue Reading Update on SEC Climate Change Rules
The SEC Finally Adopts Climate Change Disclosure Rules: Making Sense of 800+ Pages
After almost two years following its proposed rules, on March 6, 2024, the Securities and Exchange Commission (SEC) adopted final rules to require public companies to disclose certain climate-related information in registration statements and annual reports.Continue Reading The SEC Finally Adopts Climate Change Disclosure Rules: Making Sense of 800+ Pages
Register Now | Society for Corporate Governance: Southeastern Chapter Fall Conference & Annual Meeting
We are looking forward to presenting at the Society for Corporate Governance: Southeastern Chapter Fall Conference & Annual Meeting. Kevin will speak on a panel titled, “SEC Updates: What’s Hot for Corp Fin and Enforcement?” with Dave Brown, Supervisory Archivist at United States Securities and Exchange Commission; Jason Outlaw, Senior Associate in Securities Litigation Group at Alston & Bird LLP and Mellissa Campbell Duru, Vice Chair of ESG practice at Covington & Burling LLP (moderator). Sehrish will moderate a panel titled, “Tackling Governance and Disclosure Challenges in ESG” with Stefanie Holland, Director of Government Affairs at Qualcomm.
Continue Reading Register Now | Society for Corporate Governance: Southeastern Chapter Fall Conference & Annual Meeting
Climate Disclosure Risks Ahead of Pending SEC Rules
I recently provided insight for a Bloomberg Law article on how publicly traded companies can prepare to disclose their climate and environmental risks ahead of impending, new Securities and Exchange Commission (SEC) rules.
Continue Reading Climate Disclosure Risks Ahead of Pending SEC Rules