SEC Rules Content

The CFA Institute has published an Exposure Draft of Verification Procedures for CFA Institute ESG Disclosure Standards for Investment Products (Verification Procedures Exposure Draft). The Verification Procedures Exposure Draft builds on a May 2021 Exposure Draft of CFA Institute...

Attached is a memorandum summarizing the IOSCO's consultation on "ESG Ratings and Data Products Providers", and Appendix to the Memorandum with "Detailed Overview of the IOSCO's Recommendations", with the corresponding Consultation Paper's questions for each recommendation. The...

On July 29, the ARRC issued a formal recommendation for the use of forward-looking term SOFR rates as part of market transition from USD LIBOR. Most tenors of USD LIBOR will cease on June 30, 2023.

SEC Chair Gensler spoke at a Principles for Responsible Investment-hosted webinar, which was attended by Fiona Reynolds, Margarita Pirovska, and Sagarika Chatterjee of PRI. He indicated that staff is developing a mandatory climate risk disclosure rule proposal for the Commission's...

The SEC's Division of Examinations has published a Risk Alert highlighting its observations from conducting twenty examinations focused on ensuring that, in connection with the investment advisers' fixed income principal and cross trades, the advisers: (1) made trades that were in the...

In remarks at a July 20, 2021, Brookings event, SEC Commissioner Hester Peirce set forth ten theses for consideration relating to the complexities and consequences of potential ESG rulemaking, which are summarized below.

Chair Gensler recently announced that Corey Klemmer, Adam Large, Mika Morse, Sirimal Mukerjee, and Sai Rao had joined the SEC, reporting to Policy Director Heather Slavkin Corzo. The background and responsibilities of the new personnel are summarized below.

ICI submitted a response to the CFA Institute's Exposure Draft of ESG Disclosure Standards for Investment Products. The attached document provides ICI's responses to questions raised in the Exposure Draft.

On July 7, the SEC Asset Management Advisory Committee (AMAC) unanimously approved recommendations from its Subcommittee on Diversity and Inclusion to promote diversity and inclusion in the asset management industry. The subcommittee has been examining the current state of diversity...

The Asset Management Advisory Committee (AMAC) voted unanimously on July 7 to approve several recommendations that AMAC's ESG Subcommittee (Subcommittee), which were discussed at both the AMAC's December 2020 and March 2021 meetings. The recommendations were intended to enhance the...