US SEC to vote on climate
The SEC has scheduled a vote on whether to adopt the rules this Wednesday 6 March, nearly two years after their climate change disclosure rules were first proposed.
The open meeting agenda says that the SEC “will consider whether to adopt rules to require registrants to provide certain climate-related information in their registration statements and annual reports”, indicating that the SEC will be voting on final rules rather than issuing a re-proposal, which some have called for, but there have been rumours that the SEC has scaled back the proposal. The final rules will be published shortly after the vote, but are likely to then be challenged in court.
The original proposal required climate change-related disclosures in registration statements and annual reports filed with the SEC by U.S. domestic and foreign private issuer registrants, and the Society’s 2022 response letter is available here.
Published 4 March, 2024