Following the inaugural sovereign blue bond issuance by the Republic of Seychelles last October, there have been two recent blue bond announcements. First, The Nature Conservancy recently announced its ambitious “Blue Bonds for Conservation,” aiming for $1.6 billion by 2025. Second, Morgan Stanley, working with the World Bank, sold $10 million of blue bonds aiming
J. Paul Forrester
SEC Expands Safe Harbor to Promote Research on Investment Funds
On November 30, 2018, the Securities and Exchange Commission (the “Commission”) adopted a new rule establishing a non-exclusive research report safe harbor (“Rule 139b”) for unaffiliated brokers or dealers that publish or distribute research reports regarding qualifying investment funds. The Commission took this action in furtherance of the mandate of the Fair Access to Investment…
SEC Issues Final Rule to Modernize Property Disclosures for Mining Registrants
By J. Paul Forrester & Robert F. Gray on
Posted in Regulation S-K, SEC News
On October 31, 2018, the US Securities and Exchange Commission issued a final rule to modernize required property disclosures for mining registrants. The requirements are currently set out in Item 102 of Regulation S-K and Industry Guide 7. This Legal Update discusses key points of the Final Rule as well as its practical implications.
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SEC Petitioned for an ESG Disclosure Rulemaking
By J. Paul Forrester on
On October 1, 2018, a public petition was filed with the US Securities and Exchange Commission for a rulemaking on environmental, social and governance (ESG) disclosure. The Petition was authored by two law professors and signed by investors and associated organizations representing more than $5 trillion in assets under management.
This Legal Update outlines what…