This browser is not actively supported anymore. For the best passle experience, we strongly recommend you upgrade your browser.
Jones Day Jones Day

Insights

Share

All Posts
| less than a minute read

SEC Withdraws Proposed ESG Disclosure and Shareholder Submission Rules

Washington DC, USA - October 12, 2018: United States Securities and Exchange Commission SEC architecture closeup with modern building sign and logo with red flags by glass windows

Get in touch

Avatar

Get in touch

Avatar

In a significant but not unsurprising policy shift, the U.S. Securities and Exchange Commission (SEC) has announced the withdrawal of proposed rules aimed at enhancing ESG disclosures and modifying shareholder proposal processes. These rules were part of 14 Biden-era regulatory initiatives the SEC has decided to cease pursuing. This move aligns with the current administration's broader deregulatory agenda and reflects a shift in the SEC's approach to corporate governance and investor protections.

The Securities and Exchange Commission has abandoned the rulemaking process for regulations requiring enhanced disclosures for ESG and similarly labeled funds and altering the shareholder proposal and resubmission process, the agency announced in an agenda update Thursday.
www.esgdive.com/...

Tags

esg reporting & disclosures, new york, washington, united states

Get in touch

Avatar

Get in touch

Avatar

Latest Insights

Insights by Jones Day should not be construed as legal advice on any specific facts or circumstances. The contents are intended for general information purposes only and may not be quoted or referred to in any other publication or proceeding without the prior written consent of the Firm, to be given or withheld at our discretion. To request permission to reprint or reuse any of our Insights, please use our “Contact Us” form, which can be found on our website at www.jonesday.com. This Insight is not intended to create, and neither publication nor receipt of it constitutes, an attorney-client relationship. The views set forth herein are the personal views of the authors and do not necessarily reflect those of the Firm.