TheCorporateCounsel.net

Yesterday, the Fall 2023 Reg Flex Agenda was released. With two down and three to go, the list of rulemaking we’ve been tracking in the final rule stage is quite a bit shorter since the spring. All three have been pushed out to April. The proposed rulemaking we’ve been tracking is holding steady.

Final Rule Stage

– Climate Change Disclosure (April 2024)
– Special Purpose Acquisition Companies (April 2024)
– 14a-8 Amendments (April 2024)

Proposed Rule Stage

– Human Capital Management Disclosure (April 2024)
– Regulation D and Form D Improvements (April 2024)
– Revisions to the Definition of Securities Held of Record (April 2024)
– Corporate Board Diversity (October 2024)
– Rule 144 Holding Period (October 2024)

As a reminder, despite the title of this blog, these dates signify general timeframes! New final or proposed rules could come before the dates suggested in the agenda or be pushed out. This only gives insight into the priorities of the Chair as of the date it was submitted — it’s not a definitive guide for anyone trying to predict SEC rulemaking for purposes of specific board agendas, budget and workflow. But we’ll take any insight we can get!

– Meredith Ervine