Once again, it is time to prepare for the proxy and annual report season. There are many issues to take into consideration when crafting required regulatory disclosures in a manner that conveys effective messaging to the company’s investors. Advance planning, careful drafting and multi-faceted review greatly contribute to a successful proxy and annual report season,
SEC Division of Corporation Finance Publishes Sample Letter to Companies Regarding Climate Change Disclosures
The Securities and Exchange Commission’s Division of Corporation Finance (Division) published a sample letter with comments that the Staff intends to issue to public companies regarding their climate change disclosures—or lack thereof—in SEC filings. As explained in a prior Mayer Brown post, Commissioner Lee, when she was Acting Chair of the SEC earlier this
SEC & FASB Developments
September 29, 2021 Webinar | 1:00pm – 2:00pm EDT
Hosted by Intelligize
Register here.
This webinar will focus on recent developments and trends with the SEC and FASB. Join Mayer Brown partners, Anna Pinedo and Brian Hirshberg, and Ernst & Young managing director, Polia Nair, where they will examine the following topics:
- The SEC’s
ESG and the Pricing of IPOs
Alessandro Fenili and Carlo Raimondo, in their study and paper ESG and the Pricing of IPOs: Does Sustainability Matter, find a significant relationship between a discussion of ESG related issues and IPO pricing. They performed textual analyses of 783 US IPOs completed during the period from 2012 through 2019 across various industries. Given investor
Disclosure Requirements: What’s Ahead?
In various prepared remarks in recent weeks, Securities and Exchange Commission (SEC) Chair Gensler has commented on a number of potential proposals for additional disclosure requirements.
In remarks made to the European Parliament Committee on Economic and Monetary Affairs, Chair Gensler addressed a number of topics, including gamification and crypto assets. Commenting on issuer
NYSE Conforms Related Party Transaction Definition
On August 26, 2021, the US Securities and Exchange Commission (“SEC”) approved an amendment to Rule 314 of the NYSE Listed Company Manual in connection with the review and approval of related party transactions. As we previously blogged, earlier this year the NYSE amended certain of its shareholder approval rules, including those relating to
Market Trends 2020/21: U.S. Tariff Policies
This practice note discusses recent U.S. Tariff Policies that potentially have wide-ranging consequences for domestic and international trade and the capital markets. In a period marked by increased globalization and international trade, the uncertainties brought about by the aggressive tariff policies of former President Trump are leaving companies and investors wary of the direct and
EDGAR Enhanced
Today, the Securities Exchange Commission announced enhancements to its Electronic Data Gathering, Analysis, and Retrieval (EDGAR) database.
EDGAR will utilize Application Programming Interfaces (APIs) to collect financial statement data in real time, where submissions are “updated with a typical processing delay of less than a second.” This will allow for quicker and more user-friendly access
Market Trends 2020/21: Medium-Term Note Programs
This practice note examines recent market trends regarding medium-term note programs (MTN programs), providing an overview of the market in 2020 and 2021 with a focus on general deal structure and process, and disclosure trends.
Read the full article here.
Market Trends 2020/21: Cybersecurity-Related Disclosures
This practice note identifies cybersecurity risk disclosures that offer detailed discussions on the potential reputational, financial, or operational harm resulting from cybersecurity breaches as well as the potential litigation or regulatory costs, policies, and procedures in addressing cybersecurity risks. This piece concludes with practical advice on how to prepare and enhance the required disclosures on