The Securities and Exchange Commission is moving ahead quickly with an ambitious regulatory agenda that includes new disclosure requirements for public companies on climate-related risks; human capital; cybersecurity; and environmental, social, and governance (ESG) initiatives for investments, Compliance Week reports.
The agency released its regulatory agenda this week, covering more than 50 proposed regulations that address a multitude of issues, from short selling to SPACs, to finalizing a number of regulations included in the Dodd-Frank Act that have yet to be codified 12 years since the law was enacted. But the agenda is also notable because many of the SEC’s most controversial rule changes are in the final stage, meaning they could be approved by the agency before the end of the year.
The SEC’s proposed changes for regulating SPACs would compel blank-check firms to follow practices not meaningfully different from those of traditional IPOs and direct listings. The rules under consideration would also increase disclosure requirements and create liabilities for banks doing business with SPACs. Read more.
