The SEC is accepting comments on the proposed changes through its website until November 30, 2024. The key proposed changes are detailed below. Alignment of tender offers and reporting under Section 246: Previously, Section 246 (reporting of acquisition/disposition upon reaching or crossing any ...
Changes to Regulation S-P call for covered institutions to develop an incident-response plan beginning in 2026. May 14, 2024 Proposal from SEC, FinCEN calls for investment advisers to ID customers The proposed rule would require SEC-registered investment advisers and exempt reporting advisers to est...
On October 21, 2024, the Securities and Exchange Commission’s (“SEC”) Division of Examinations (“Division”) published its 2025 examination priorities (“Exam Priorities”). Although President-elect Trump has pledged to dismiss SEC Chair Gary Gensler on “day one” and significant changes are...
The SEC also proposed a change to the Section 16 reporting requirements for gifts by mandating disclosure on Form 4 within two business days, rather than allowing the current alternative of delayed reporting of gifts on Form 5 by the 45th day after the end of...
These actions include finalization of a universal proxy rule, modification of rules that apply to proxy advisory firms and changes to a staff legal bulletin on whether certain shareholder proposals can be excluded from proxy statements under Rule 14a-8. In 2024, the SEC plans to finalize a rule...
[1] file an initial set of disclosures on Schedule 13D with the SEC. The beneficial owner must then file updates with the SEC to report any material changes to its position or other facts disclosed in prior filings. Certain investors (mostly passive ones) are eligible to file a simplif...
“Transition risks”are actual or potential negative impacts on a registrant’s business, results of operations, or financial condition attributable to regulatory, technological, and market changes to address the mitigation of, or adaptation to, climate-related risks, including su...
Quickly update spreadsheets and other materials when the number of voted or loaned shares changes Discover how investment companies of many sizes and global asset managers are transforming their fund reporting. XBRL is a trademark of XBRL International, Inc. All rights reserved. The XBRL™/®...
The SEC has been bolstering its regulations on beneficial ownership reporting, which requires significant shareholders—those who own more than 5% of a company's shares—to reveal any changes in their holdings.29The SEC recently shortened the deadline for filing an initialSchedule 13D(the reporting...
In the 1980s and 1990s, the SEC adapted to technological changes, such as the rise of electronic trading platforms and the globalization of financial markets. The National Securities Markets Improvement Act of 1996 was meant to bring greater consistency to state and federal securities regulations. ...