The Securities and Exchange Commission (SEC) has proposed the rescission of rules requiring companies to disclose specific climate-related information in their registration statements and annual reports. SEC Chairman Paul S. Atkins stated that disclosure obligations should align with the Commission's statutory authority and focus on materiality. The proposal follows a history of amendments and legal challenges regarding these rules, which mandated detailed disclosures on issues such as greenhouse gas emissions and climate-related risks. The public comment period for this proposal will remain open for 60 days after its publication in the Federal Register.
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SEC Proposes to Rescind Climate-Related Disclosure Rules
The SEC has proposed rescinding climate-related disclosure rules, citing concerns over their alignment with statutory authority and materiality. This follows previous amendments and legal challenges regarding the rules, which required detailed disclosures from public companies. A 60-day public comment period will follow the proposal's publication.
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SEC Proposes Rescission of Climate-Related Disclosure Rules
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SEC Proposes to Rescind Climate-Related Disclosure Rules
