On May 24th, the SEC announced that the EDGAR system will be upgraded to Release 22.2 on June 21, 2022. 2020 versions of certain taxonomies will be removed, but all 2021 and 2022 versions of taxonomies will be available for use. The SEC reminds filers that they must use the same version year for all of the taxonomies in an EDGAR submission. Filers may not combine taxonomy versions from different years. Continue reading "SEC Announces Removal of 2020 Taxonomies" »

The SEC’s Division of Investment Management will hold an open meeting via webcast on sec.gov to discuss amendments to the Investment Company Names rule and enhancements to environmental, social, and governance (ESG) disclosures for investment advisers and investment companies on Wednesday, May 25th. Continue reading "SEC Staff to Discuss Investment Company Names..." »

On May 9th, the SEC announced that it has extended the public comment period concerning the proposed rules designed to improve and regulate climate-related disclosures for investors. The SEC also announced that it will reopen the comment periods for the proposed rules that would enhance protections for private fund investors as well as proposed rules to include significant Treasury markets platforms within Regulation ATS. The proposed rules have garnered much attention from a wide range of investors, issuers, market participants, and other stakeholders. The extension and reopening of comment periods allow these parties, who represent diverse views and experiences, the benefit of additional time to review and provide valuable feedback. Continue reading "SEC to Extend Comment Period for Proposed Rules..." »

On May 3, 2022, the SEC announced the assignment of 20 additional positions to the unit charged with protecting investors in crypto markets from cyber-related threats. The newly renamed Crypto Assets and Cyber Unit (formerly known as the Cyber Unit) in the SEC’s Division of Enforcement will now be comprised of 50 dedicated positions, nearly doubling the size of this key unit. The addition of the new positions into the unit strengthens the ranks of its supervisors, investigative staff attorneys, trial counsels, and fraud analysts in the agency’s headquarters in Washington, DC and in several regional offices. Continue reading "SEC Enhances Division of Enforcement’s Crypto..." »