United States ESG Content

As we previously informed you, in March, then Acting Chair Allison Herren Lee requested public input on how the Commission can best regulate, monitor, review, and guide climate change disclosures in order to provide more consistent, comparable, and reliable information for investors...

Last month, the Securities and Exchange Commission re-opened the comment period for its 2016 universal proxy proposal. The proposal would amend the proxy rules to mandate the use of universal proxy cards in contested director elections at shareholder meetings.

In a May 24 speech, SEC Commissioner Allison Herren Lee provided her views on the myths and misconceptions about materiality, which are summarized below.

[33501] April 26, 2021 TO: Closed-End Investment Company Committee SEC Rules Committee Small Funds Committee RE: Member Call to Discuss the SEC's Re-Opening of the Universal Proxy Proposal Comment Period - Tuesday, May 4 at 1 pm (Eastern) As previously reported, the Securities and...

[33441] April 12, 2021 TO: Chief Compliance Officer Committee ESG Advisory Group ESG Task Force Internal Audit Committee RE: The Division of Examinations Publishes Risk Alert with Observations from Its Exams of Investment Advisers and Funds Regarding ESG Investing Last Friday, April...

[33487] April 19, 2021 TO: ICI Members Investment Company Directors SUBJECTS: Compliance Disclosure ESG Fund Governance Investment Advisers Operations Portfolio Oversight Transfer Agency RE: SEC Reopens Comment Period for Its 2016 Universal Proxy Proposal In 2016, the SEC proposed...

[33462] April 15, 2021 TO: ICI Members ESG Advisory Group ESG Task Force SEC Rules Committee SUBJECTS: Disclosure ESG International/Global RE: SEC Commissioner Hester Peirce Statement on ESG Metrics On April 14, 2021, SEC Commissioner Hester Peirce issued a statement expressing...

[33344] March 23, 2021 TO: ICI Members ESG Advisory Group ESG Task Force SEC Rules Committee SUBJECTS: ESG RE: Summary of SEC's March 19 AMAC Meeting The SEC’s Asset Management Advisory Committee (AMAC) met on March 19. The agenda [1] covered discussions of: (1) the ESG Subcommittee...

[33239] March 17, 2021 TO: ICI Members Derivatives Markets Advisory Committee ESG Advisory Group ESG Task Force SEC Rules Committee SUBJECTS: ESG RE: CFTC Establishes New Climate Risk Unit On March 17, 2021, CFTC Acting Chairman Rostin Behnam announced that he has established the...