Spring 2022 Regulatory Agenda | SEC Announcements

Brief Introduction

On Wednesday, June 22nd, the SEC announced that the Office of Information and Regulatory Affairs released the Spring 2022 Unified Agenda of Regulation and Deregulatory Actions.

Short and long term regulatory actions were listed that administrative agencies plan to take.

SEC Final Remarks

• Robert Birnbaum, SEC alum, stated that in today’s dynamic society, no regulation can be static.
• There are two public policy goals that were listed by the SEC:
  • Continued focus on modernizing their rules for today’s technologies and economy.
  • Ensure efficiency is being driven in the capital markets.
• The SEC added their three part mission that they proceed in trying to achieve which is:
  • Facilitating capital formation;
  • Protecting Investors; and
  • Maintaining fair, orderly, and efficient markets.

Vigilant’s Final Conclusion

A consistent theme we have seen throughout the year from the SEC was highlighted again, stating that the SEC is fully focused on protecting investors in 2022. Adding to that statement of their mission was (1) maintaining fair, orderly, and efficient markets and (2) facilitating capital formation.

A number of highlights that we see in the Agency Rule List for Spring 2022 have been covered by Vigilant below:

• Proposed Rule Stage: Special Purpose Acquisition Companies (SPACs)
• Proposed Rule Stage: Rules Related to Investment Companies and Investment Advisers to Address Matters Relating Environmental, Social and Governance (ESG) Factors
• Proposed Rule Stage/Final Rule Stage (3 mentions of Cybersecurity): Cybersecurity
• Final Rule Stage: Climate Change Disclosure
• Final Rule Stage: Amendments to Form PF
• Final Rule Stage: Short Sale Disclosure Reforms

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