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The SEC Might Not Adopt Climate Rules Til Spring (Or Later)

By Allison Handy on December 11, 2023
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It’s that time of the year as the SEC revealed its latest Reg Flex Agenda last week. The answer to the first question on everyone’s mind is that the estimated date for final climate risk disclosure rules is by April – but remember that is merely an estimate.

And since the SEC already has delayed adoption of this rule by more than a year since it first started predicting it would act, it’s hard to say what will really happen. This brief statement from SEC Chair Gary Gensler about the Reg Flex Agenda doesn’t provide any further color on what could happen.

Here’s what the Reg Flex Agenda describes in the Corp Fin area:

  1. Estimated Adoption of Final Rules
  • Climate Change Disclosure (April 2024)
  • SPACs (April 2024)
  • Shareholder Proposal Rule Amendments (April 2024)

    2. Estimated Proposal of Rules
  • Human Capital Management Disclosure (April 2024)
  • Regulation D/Form D Improvements (April 2024)
  • Revised Definition for “Securities Held of Record” (April 2024)
  • Board Diversity (October 2024)
  • Rule 144 Holding Period (October 2024)
Photo of Allison Handy Allison Handy

Allison Handy is the firmwide co-chair of the Corporate & Securities practice. Her extensive experience includes advising public and private companies in connection with corporate governance practices, disclosure issues, and capital markets transactions, such as equity offerings, debt offerings and tender offers. She…

Allison Handy is the firmwide co-chair of the Corporate & Securities practice. Her extensive experience includes advising public and private companies in connection with corporate governance practices, disclosure issues, and capital markets transactions, such as equity offerings, debt offerings and tender offers. She is also a leader of the firm’s Environmental, Social, and Governance advisory team.

Allison provides counsel to companies on a broad range of issues faced by management and directors in connection with the many compliance aspects of securities laws, including governance rules adopted by the Securities and Exchange Commission (SEC) and stock exchanges. She advises boards and committees in matters related to internal investigations and the efforts of shareholder activists, and works closely with in-house counsel, financial personnel, and outside auditors and advisors to help her clients prepare proxy statements and other reports to investors that meet complex disclosure obligations.

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  • Posted in:
    Administrative and Regulatory, Environmental and Climate
  • Blog:
    Public Chatter
  • Organization:
    Perkins Coie LLP
  • Article: View Original Source

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