The year already began with a stir—a divided SEC adopted final rules addressing the treatment of special purpose acquisition companies (SPACs). The SEC took into account only a number of the issues raised by market participants during the comment period (see our Legal Update here). But there’s much more to come. Despite some recent litigation and other challenges facing the agency, the SEC’s rulemaking agenda remains ambitious. From climate change disclosure rules to private company transparency measures, this year promises to be a busy one for securities lawyers.
Read our modest predictions here.