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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Kyle Brasseur2023-06-14T15:50:00
The rest of the year is shaping up to be busy at the Securities and Exchange Commission (SEC), where final rules regarding climate-related disclosures, enhanced cybersecurity risk governance, and more are all on the near-term agenda.
The agency’s spring 2023 rule list, released Tuesday by the Office of Information and Regulatory Affairs, features 37 rules in the final stage, which is the option selected by regulators when they intend to adopt a rulemaking proposal within the next 12 months. The SEC did not provide specific dates for when it expects to finalize certain rules but set targets of October 2023 or April 2024.
Listed under October are the climate-related disclosure and cybersecurity risk governance rules. The rules, respectively proposed in the Federal Register in April and March of last year, are each of significant interest to companies given their requirements. The climate rule would force all public companies to quantify, measure, and disclose their effect on the environment, while the cyber rule would require companies to disclose data breaches four business days after they occur.
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2023-09-13T20:29:00Z By Aaron Nicodemus
Gary Gensler, despite being put on the spot by a member of Congress, declined to provide an update on when the Securities and Exchange Commission might approve its climate-related disclosure rule for public companies.
2023-06-29T21:32:00Z By Adrianne Appel
The No. 1 priority at the Securities and Exchange Commission after organizations are impacted by a cybersecurity incident is that investors receive timely and accurate disclosures, according to Enforcement Division Director Gurbir Grewal.
2023-06-07T18:22:00Z By Kyle Brasseur
The Securities and Exchange Commission adopted two rules aimed at curbing potential misconduct in the security-based swaps market.
2024-07-24T15:50:00Z By Aaron Nicodemus
Financial institutions holding Russian sovereign assets that have not reported them to the Treasury Department’s Office of Foreign Assets Control are now required to do so by Aug. 2.
2024-07-23T12:29:00Z By Ruth Prickett
Compliance officers should take note of proposed laws in the U.K. with the newly elected Labor government setting the legislative agenda in the King’s Speech last week, promising consultations on enhanced employee rights and a higher minimum wage.
2024-07-22T15:50:00Z By Aaron Nicodemus
Four federal banking regulators have joined the Treasury Department’s Financial Crimes Enforcement Network in issuing a notice of proposed rulemaking that would require financial institutions to conduct more thorough risk assessments on their anti-money laundering/countering the financing of terrorism programs.
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