The Securities and Exchange Commission (SEC) has extended the public comment period on a proposed rule that seeks to standardize climate-related disclosures for investors.
The public comment period for the proposed rulemaking, “The Enhancement and Standardization of Climate-Related Disclosures for Investors,” has been extended to June 17. The scope of the rule remains as stated in the original Federal Register notice of April 11.
Also, the SEC will reopen the comment periods on two other proposed rules. One is the proposal, “Private Fund Advisers; Documentation of Registered Investment Adviser Compliance Reviews,” and the other is “Amendments Regarding the Definition of ‘Exchange’ and Alternative Trading Systems (ATSs) That Trade U.S. Treasury and Agency Securities, National Market System (NMS) Stocks, and Other Securities.” Both are extended for 30 days.
The former is to enhance private fund investor protection, while the latter is to include significant Treasury markets platforms within Regulation ATS. The scope for both remains as stated in the original Federal Register notices of March 24 and March 18, respectively.
“Today, the Commission acted to provide the public with additional time to comment on three proposed rulemakings that have drawn significant interest from a wide breadth of investors, issuers, market participants, and other stakeholders,” SEC Chair Gary Gensler said. “The SEC benefits greatly from hearing from the public on proposed regulatory changes. Commenters with diverse views have noted that they would benefit from additional time to review these three proposals, and I’m pleased that the public will have additional time to provide thoughtful feedback.”