With its March 21, 2022, proposal for extensive climate-related disclosures, the SEC intensified an already active discussion about how companies should provide climate-related information. The Proposed Rule, as described in this Fact Sheet, is far reaching and complex.
Understanding the scope, magnitude and implications of the SEC’s proposed new climate-related disclosures and building a readiness plan for eventual change are crucial actions items management can take now to ensure compliance if and when the proposed rules are adopted.
The cover pages of both Form 10-K and Form 10-Q have this seemingly random disclosure:
Indicate the number of shares outstanding of each of the registrant’s classes of common stock, as of the latest practicable date.
At first glance the
On March 31, 2022, the SEC finished an active month of rulemaking by proposing new rules for SPACs. (March also included proposed rules dealing with cybersecurity and climate change.) The SPAC proposed rules affect all phases of the SPAC
On March 31, 2022, the SEC staff issued SAB 121 to address “accounting for entities that have obligations to safeguard crypto-assets held for their platform users.” SAB 121 has been added to Topic 5 in the SAB codification.
The
On March 22, 2022, CorpFin added six Compliance and Disclosure Interpretations (C&DI’s). The new C&DI’s primarily address business combination activities, including filing Form 8-K for material acquisition agreements and making proxy solicitations. The new C&DI’s may be particularly relevant for
On March 21, 2022, the SEC proposed rules to require new climate-related disclosures. As you can read in this Press Release, the proposed rule would require new disclosures, including information about:
In this post we reviewed an SEC comment letter exchange focused on climate change issues, currently a major focus area in the SEC’s comment process. On September 21, 2021, Meta Platforms, Inc. (“Meta”), formerly known as Facebook, received this comment
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On March 10, 2022, one day after the SEC formally proposed rules that would require new cybersecurity disclosures, the SEC set March 21, 2022, as the date the Commission will meet to consider proposing rules to “enhance and standardize registrant’s