Is the SEC Quietly Slipping Behind the Scenes, Delaying Compliance to Rig the Game?
More notably, SEC Acting Chairman Mark T. Uyeda in February announced that he was directing SEC staff to request a pause in the Commission’s climate disclosure rule litigation, a key regulatory initiative of the previous presidential administration. According to Uyeda, the agency is deliberating its position on the rule, which he called “deeply flawed and could inflict significant harm on the capital markets and our economy.”
The SEC had adopted the final rules in March 2024 to enhance and standardize climate-related disclosures by public companies. Several states and energy companies immediately filed court petitions seeking judicial review of the disclosure rules, charging that the SEC had overstepped its authority in issuing them. In April 2024 the SEC stayed the final rules pending the conclusion of the litigation, so they did not go into effect.
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