- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Aaron Nicodemus2024-03-07T00:02:00
The Securities and Exchange Commission (SEC) finally approved its ground-breaking climate-related disclosure rule Wednesday, nearly two years since it was originally proposed.
The new rule is notable as much for what it contains as for what it does not. It will require large public companies to provide certain climate-related information in their registration statements and annual reports, according to the rule’s introduction, and mandate their disclosure of climate-related risks deemed to have a material impact on their business strategy, operations, or financial condition.
Disclosures about severe weather events and other “natural conditions” must be included in a registrant’s audited financial statements.
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The Securities and Exchange Commission delayed implementation of its climate-related disclosure rule until the courts can rule on appeals filed in response to the controversial policy.
Legal experts are advising their public company clients to move forward with plans to comply with the SEC’s climate-related disclosure rule, despite lawsuits and other challenges being brought against the controversial policy in the aftermath of its approval.
Lost in the shuffle of the approval of its controversial climate-related disclosure rule, the Securities and Exchange Commission also adopted amendments to its rule for order executions in national market system stocks.
The Consumer Financial Protection Bureau has issued a proposed rule aimed at protecting the privacy of the public when using novel digital payment systems, such as those offered by large technology platforms and video gaming companies.
Banks and other lenders will be prohibited from using medical debt information in credit reports, under a new rule finalized by the Consumer Financial Protection Bureau, the agency said.
New rules on cyber risk management across the EU put execs firmly in the crosshairs for noncompliance and are likely to apply to a wider range of organizations than many business leaders may initially think. However, there are also concerns that the rules may become muddled across the wide bloc. ...
