- 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.
You are not logged in and do not have access to members-only content.
If you are already a registered user or a member, SIGN IN now.
2025-03-28T18:45:00Z By Aaron Nicodemus
The Securities and Exchange Commission’s Republican leadership is abandoning the climate-related disclosure rule package passed last year by Democrats, hoping that the courts will kill regulations already on life support.
2024-04-05T16:40:00Z By Aaron Nicodemus
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.
2024-03-20T16:03:00Z By Aaron Nicodemus
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.
2025-03-24T15:47:00Z By Aaron Nicodemus
The U.S. Treasury Department’s Financial Crimes Enforcement Network issued a final interim rule that eliminates beneficial ownership information reporting obligations for U.S.-based companies and persons.
2025-03-19T13:00:00Z By Aaron Nicodemus
Federal Reserve Board member Michelle Bowman has been nominated as the board’s vice chair for supervision, a position that oversees regulation of the nation’s largest banks.
2025-03-18T13:00:00Z By Neil Hodge
A European Union-wide ban on AI systems with “unacceptable” risk came into force on Feb. 2 as the first provisions of the EU’s AI Act took effect. Problems persist, however, over what the legislation requires and what corporate practices or uses of data may risk flouting the rules.
Site powered by Webvision Cloud