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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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News and analysis for the well-informed compliance or audit exec. Select an option and click continue.
Annual Membership $499 Value offer
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Membership $599
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