On April 9, 2021, the Division of Examinations (“Division” or “staff”) of the US Securities and Exchange Commission issued a risk alert that highlighted its observations from its recent examinations of investment advisers, registered investment companies and private funds offering ESG products and services. The risk alert also provides observations of effective practices.
Noting that
Lexis Practice Advisor
This practice note focuses on recent market trends in risk factor disclosure required in US Securities and Exchange Commission (SEC) filings and provides recent risk factor disclosure examples, covering COVID-19, Brexit, London Interbank Offered Rate (LIBOR) cessation, cybersecurity, and China-based issuers. Additionally, this practice note discusses recent amendments to the description of
Acting Director of the Securities and Exchange Commission’s Division of Corporation Finance, John Coates, provided additional comments on SPACs on April 8, 2021. Acting Director Coates noted the “unprecedented surge” in SPAC activity. He focused his comments on the legal liability that attaches to disclosures made in connection with the de-SPAC transaction and, in particular,
In another step toward the integration of climate factors into the US corporate disclosure landscape, Acting Chair of the US Securities and Exchange Commission (SEC), Allison Herren Lee, issued a request for public input on climate change disclosures on March 15, 2021.
The request seeks input relating to 15 climate-related disclosure topics, including:
On March 9, 2021, the Corporation Finance Division of the Securities and Exchange Commission (SEC) updated its guidance in Disclosure Topic No. 7 for preserving confidential treatment of exhibits redacted pursuant to an SEC confidential treatment order (CTO) that is about to expire.
CTOs are becoming more rare. Most companies obtain confidential treatment without a
March 17, 2021 Webinar
11:00 am – 12:00 pm EST
Register here.
In 2021, the COVID-19 pandemic continues to raise a number of issues specific to public companies that file reports with the US Securities and Exchange Commission.
During this webinar hosted by Intelligize, Laura Richman and Christina Thomas will address these issues, specifically
In this microtalk video, Jennifer Carlson provides a detailed overview of the US Securities and Exchange Commission’s adopted rule, Regulation Fair Disclosure (“Reg FD”), while also addressing consequences of public companies’ non-compliance.
Visit our MB Microtalk page for more topics and talks.
On February 24, 2021, Acting Chair of the US Securities and Exchange Commission (“SEC”), Allison Herren Lee, announced that the agency will be focusing on public companies’ climate change disclosures as part of an effort to both assess current compliance with federal securities laws and develop new disclosure requirements for climate change. Specifically, she stated
Recently, the Securities and Exchange Commission’s Division of Corporation Finance issued a sample comment letter that provides guidance to issuers raising capital and that have volatile securities. The sample comment letter identifies a number of areas of risks that issuers and their advisers should consider under these circumstances, which would include periods during which there
February 16, 2021 Webinar
1:00 pm – 2:00 pm EST
Register here.
The use of non-GAAP financial measures by public companies continues to draw regulatory scrutiny and media attention. Companies often use these measures to supplement GAAP numbers and convey information they believe is relevant, meaningful and useful in understanding their financial performance. Join