Download or read book Commission Guidance Regarding Disclosure Related to Climate Change Us Securities and Exchange Commission Regulation Sec 2018 Edition written by The Law Library and published by Independently Published. This book was released on 2019-01-25 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Law Library presents the complete text of the Commission Guidance Regarding Disclosure Related to Climate Change (US Securities and Exchange Commission Regulation) (SEC) (2018 Edition). Updated as of May 29, 2018 The Securities and Exchange Commission ("SEC" or "Commission") is publishing this interpretive release to provide guidance to public companies regarding the Commission's existing disclosure requirements as they apply to climate change matters. This ebook contains: - The complete text of the Commission Guidance Regarding Disclosure Related to Climate Change (US Securities and Exchange Commission Regulation) (SEC) (2018 Edition) - A dynamic table of content linking to each section - A table of contents in introduction presenting a general overview of the structure

Download or read book Climate Change Disclosure and Financial Risk written by Carolyn S. Lawrence and published by Nova Science Publishers. This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Publicly traded companies are required to transparently disclose material business risks to investors through regular filings with the Securities and Exchange Commission (SEC). On January 27, 2010, the SEC voted to publish "Commission Guidance Regarding Disclosure Related to Climate Change", which clarifies how publicly traded corporations should apply existing SEC disclosure rules to certain mandatory financial filings with the SEC regarding the risk that climate change developments may have on their businesses. The Guidance has been controversial and has prompted the legislation in the 112th Congress to repeal it. This book provides an overview of the Guidance, with a focus on opposing views; congressional legislation; potential corporate costs and benefits of implementing the Guidance; and the impact of the Guidance from the perspective of investors, corporations, and finance professionals.

Download or read book SEC Climate Change Disclosure Guidance written by Gary Shorter and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Issues regarding the Congressional appeal of the January 27, 2010 SEC-published 'Commission Guidance Regarding Disclosure Related to Climate Change', which clarifies how publicly traded corporations should apply existing SEC disclosure rules to certain mandatory financial filings with the SEC regarding the risk that climate change developments may have on their businesses.

Download or read book A One Year Review of SEC Interpretive Release on Climate Change Disclosures written by Alexis Brown Stokes and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In February, 2010, the Securities and Exchange Commission (SEC) issued Interpretive Release 33-9106 "to provide guidance to public companies regarding... existing disclosure requirements as they apply to climate change matters." In its release, the SEC identified climate change-related issues potentially requiring disclosure under Regulation S-K, including the impact of legislation and regulation, the effect of international accords or treaties, the indirect consequences of regulation, and the physical impacts of climate change. One year later, this paper examines the effect of 33-9106 by exploring the extent to which Fortune 500 firms have disclosed these and other matters related to climate change. The paper also considers whether and what additional apposite regulation or legislation may be necessary to clarify disclosure obligations.

Download or read book Commission Guidance and Amendment to the Rules Relating to Organization and Program Management Concerning Proposed Rule Changes Filed Us Securities and Exchange Commission Regulation Sec 2018 Edition written by The Law Library and published by Independently Published. This book was released on 2019-01-28 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Law Library presents the complete text of the Commission Guidance and Amendment to the Rules Relating to Organization and Program Management Concerning Proposed Rule Changes Filed (US Securities and Exchange Commission Regulation) (SEC) (2018 Edition). Updated as of May 29, 2018 The Securities and Exchange Commission ("Commission") is providing guidance regarding a rule under the Securities Exchange Act of 1934 ("Exchange Act") concerning filings with respect to proposed rule changes of self-regulatory organizations ("SROs") that the Commission expects will streamline the process by which SROs file proposed rule changes with the Commission and result in a broader range of rule changes qualifying for immediate effectiveness. Further, the Commission is amending its rules to delegate authority to the Director of the Division of Trading and Markets. These actions are intended to facilitate more expeditious handling of proposed rule changes submitted by SROs pursuant to Exchange Act section 19(b). This ebook contains: - The complete text of the Commission Guidance and Amendment to the Rules Relating to Organization and Program Management Concerning Proposed Rule Changes Filed (US Securities and Exchange Commission Regulation) (SEC) (2018 Edition) - A dynamic table of content linking to each section - A table of contents in introduction presenting a general overview of the structure

Download or read book Managing Climate Risk in the U S Financial System written by Leonardo Martinez-Diaz and published by U.S. Commodity Futures Trading Commission . This book was released on 2020-09-09 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication serves as a roadmap for exploring and managing climate risk in the U.S. financial system. It is the first major climate publication by a U.S. financial regulator. The central message is that U.S. financial regulators must recognize that climate change poses serious emerging risks to the U.S. financial system, and they should move urgently and decisively to measure, understand, and address these risks. Achieving this goal calls for strengthening regulators’ capabilities, expertise, and data and tools to better monitor, analyze, and quantify climate risks. It calls for working closely with the private sector to ensure that financial institutions and market participants do the same. And it calls for policy and regulatory choices that are flexible, open-ended, and adaptable to new information about climate change and its risks, based on close and iterative dialogue with the private sector. At the same time, the financial community should not simply be reactive—it should provide solutions. Regulators should recognize that the financial system can itself be a catalyst for investments that accelerate economic resilience and the transition to a net-zero emissions economy. Financial innovations, in the form of new financial products, services, and technologies, can help the U.S. economy better manage climate risk and help channel more capital into technologies essential for the transition. https://doi.org/10.5281/zenodo.5247742

Download or read book Commission Guidance Regarding Client Commission Practices Under Section 28 e of the Securities Exchange Act of 1934 Us Securities and Exchange Commission Regulation Sec 2018 Edition written by The Law Library and published by Independently Published. This book was released on 2019-01-26 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Law Library presents the complete text of the Commission Guidance Regarding Client Commission Practices Under Section 28(e) of the Securities Exchange Act of 1934 (US Securities and Exchange Commission Regulation) (SEC) (2018 Edition). Updated as of May 29, 2018 The Securities and Exchange Commission is publishing this interpretive release with respect to the scope of "brokerage and research services" and client commission arrangements under Section 28(e) of the Securities Exchange Act of 1934 ("Exchange Act"). The Commission is soliciting further comment on client commission arrangements under Section 28(e). This ebook contains: - The complete text of the Commission Guidance Regarding Client Commission Practices Under Section 28(e) of the Securities Exchange Act of 1934 (US Securities and Exchange Commission Regulation) (SEC) (2018 Edition) - A dynamic table of content linking to each section - A table of contents in introduction presenting a general overview of the structure

Download or read book Essay written by J. Robert Brown and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Securities and Exchange Commission (SEC or Commission) has proposed a rule that addresses the disclosure needs of investors with respect to climate change. The proposal would require that public companies tell investors about the risks to their business associated with climate change and explain the system and strategy of governance for monitoring those risks. In addition, the proposal would mandate the disclosure of certain greenhouse gas emissions. The SEC's proposal arrived contemporaneously with the Supreme Court's announcement of the “major questions” doctrine. A deliberate attempt to limit the authority of the executive branch, the doctrine would restrict agencies from adopting rules on politically or economically important topics unless “clearly” authorized by Congress. The doctrine in part arises out of a deep-seated suspicion of agency motivations for regulatory action in politically sensitive areas. While still under construction, the fundamental tenet of the doctrine is that certain policy decisions are reserved for Congress unless specifically given to agencies. Reliance on the major questions doctrine presupposes a colorable claim of authority under the relevant statute. Climate change disclosure falls neatly into the SEC's longstanding and broad regulatory authority and can be characterized as not particularly novel, with any differences from past practices mostly a matter of degree. Investors want the information. The proposal mostly imposes disclosure requirements that fit within longstanding categories and focus on the materiality of the information. Moreover, environmental matters have been explicitly integrated into the disclosure process since the 1970s. This, however, only begins the analysis. The importance of the information to investors may not, therefore enough for the current Court. To the extent characterized as novel, particularly with respect to the disclosure of greenhouse gas emissions, the SEC will need to establish sufficient limiting principles. These arise less form the particular topic and more from the need for, and purpose of, the rule. In adopting the Securities Exchange Act of 1934, Congress confronted an existing but inadequate system of corporate disclosure. The system did not sufficiently protect investors and resulted in the misallocation of capital. The SEC was expected not to devise an entirely new system of disclosure but to fix one already in place. In the case of climate change disclosure, most of the issuer-oriented information comes from voluntary disclosure in the form of sustainability and other types of reports not filed with the SEC. The system has yielded a voluminous amount of information that, from the investor perspective, is inconsistent, non-comparable and unreliable. Issuers, for example, routinely disclose emission reduction targets. Under the system of voluntary disclosure, however, the targets often lack sufficient accompanying detail for investors to determine whether they are supported by comprehensive plans or are mostly public relations ploys. The system of voluntary disclosure limits the oversight role of the Commission, reduces the importance of the periodic reporting process, and contributes to the misallocation of capital. The SEC's climate change proposal is designed to address these failings. Indeed, inactivity would amount to a policy decision to push investors towards a largely unregulated disclosure environment in a manner inconsistent with what Congress intended in adopting the Exchange Act. This paper briefly discusses the “major questions” doctrine then looks at the history of the Exchange Act and the disclosure regime that existed prior to the adoption of the legislation. The problems associated with climate change disclosure strongly resemble those that existed when Congress acted during the Great Depression. Whatever limits may or may not exist on the authority to require disclosure in the first instance, the SEC was given the authority to ensure the efficacy of disclosure regimes arising from private ordering that failed to meet the needs of investors and caused a misallocation of capital.

Download or read book Proxy Disclosure Enhancements Us Securities and Exchange Commission Regulation Sec 2018 Edition written by The Law Library and published by Independently Published. This book was released on 2019-01-18 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Law Library presents the complete text of the Proxy Disclosure Enhancements (US Securities and Exchange Commission Regulation) (SEC) (2018 Edition). Updated as of May 29, 2018 We are adopting amendments to our rules that will enhance information provided in connection with proxy solicitations and in other reports filed with the Commission. The amendments will require registrants to make new or revised disclosures about: compensation policies and practices that present material risks to the company; stock and option awards of executives and directors; director and nominee qualifications and legal proceedings; board leadership structure; the board's role in risk oversight; and potential conflicts of interest of compensation consultants that advise companies and their boards of directors. The amendments to our disclosure rules will be applicable to proxy and information statements, annual reports and registration statements under the Securities Exchange Act of 1934, and registration statements under the Securities Act of 1933 as well as the Investment Company Act of 1940. We are also transferring from Forms 10-Q and 10-K to Form 8-K the requirement to disclose shareholder voting results. This ebook contains: - The complete text of the Proxy Disclosure Enhancements (US Securities and Exchange Commission Regulation) (SEC) (2018 Edition) - A dynamic table of content linking to each section - A table of contents in introduction presenting a general overview of the structure

Download or read book Commission Guidance on the Use of Company Web Sites Us Securities and Exchange Commission Regulation Sec 2018 Edition written by The Law Library and published by Independently Published. This book was released on 2019-01-26 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Law Library presents the complete text of the Commission Guidance on the Use of Company Web Sites (US Securities and Exchange Commission Regulation) (SEC) (2018 Edition). Updated as of May 29, 2018 We are publishing this interpretive release to provide guidance regarding the use of company Web sites under the Exchange Act and the antifraud provisions of the federal securities laws. We are soliciting comment on issues relating to company use of technology generally in providing information to investors. This ebook contains: - The complete text of the Commission Guidance on the Use of Company Web Sites (US Securities and Exchange Commission Regulation) (SEC) (2018 Edition) - A dynamic table of content linking to each section - A table of contents in introduction presenting a general overview of the structure

Download or read book Commission Guidance Regarding Managements Report on Internal Control Over Financial Reporting Under Section 13 a Or 15 d of the Securities Exchange Us Securities and Exchange Commission Regulation Sec 2018 Edition written by The Law Library and published by Independently Published. This book was released on 2019-01-29 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Law Library presents the complete text of the Commission Guidance Regarding Managements Report on Internal Control Over Financial Reporting Under Section 13(a) or 15(d) of the Securities Exchange (US Securities and Exchange Commission Regulation) (SEC) (2018 Edition). Updated as of May 29, 2018 The SEC is publishing this interpretive release to provide guidance for management regarding its evaluation and assessment of internal control over financial reporting. The guidance sets forth an approach by which management can conduct a top-down, risk-based evaluation of internal control over financial reporting. An evaluation that complies with this interpretive guidance is one way to satisfy the evaluation requirements of Rules 13a-15(c) and 15d-15(c) under the Securities Exchange Act of 1934. This ebook contains: - The complete text of the Commission Guidance Regarding Managements Report on Internal Control Over Financial Reporting Under Section 13(a) or 15(d) of the Securities Exchange (US Securities and Exchange Commission Regulation) (SEC) (2018 Edition) - A dynamic table of content linking to each section - A table of contents in introduction presenting a general overview of the structure

Download or read book Amendment to Municipal Securities Disclosure Us Securities and Exchange Commission Regulation Sec 2018 Edition written by The Law Library and published by Independently Published. This book was released on 2019-01-21 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Law Library presents the complete text of the Amendment to Municipal Securities Disclosure (US Securities and Exchange Commission Regulation) (SEC) (2018 Edition). Updated as of May 29, 2018 The Securities and Exchange Commission ("Commission") is adopting amendments to a rule under the Securities Exchange Act of 1934 ("Exchange Act") relating to municipal securities disclosure. This final rule amends certain requirements regarding the information that the broker, dealer, or municipal securities dealer acting as an underwriter in a primary offering of municipal securities must reasonably determine that an issuer of municipal securities or an obligated person has undertaken, in a written agreement or contract for the benefit of holders of the issuer's municipal securities, to provide. Specifically, the amendments require the broker, dealer, or municipal securities dealer to reasonably determine that the issuer or obligated person has agreed: To provide the information covered by the written agreement to the Municipal Securities Rulemaking Board ("MSRB" or "Board"), instead of to multiple nationally recognized municipal securities information repositories ("NRMSIRs") and state information depositories ("SIDs"); and to provide such information in an electronic format and accompanied by identifying information as prescribed by the MSRB. The Commission's rulemaking is intended to improve the availability of information about municipal securities to investors, market professionals, and the public generally. Concurrently, we have approved a companion proposal by the MSRB relating to its Electronic Municipal Market Access ("EMMA") system for municipal securities disclosures. Finally, we are withdrawing proposed amendments to the Rule, issued in 2006, that would have eliminated the MSRB as a location to which issuers could submit certain municipal disclosure documents. This ebook contains: - The complete text of the Amendment to Municipal Securities Disclosure (US Securities and Exchange Commission Regulation) (SEC) (2018 Edition) - A dynamic table of content linking to each section - A table of contents in introduction presenting a general overview of the structure

Download or read book Law and Policy of Corporate Sustainability Disclosures written by Jon A. Baumunk and published by . This book was released on 2014 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: On February 2, 2010, the Securities and Exchange Commission (SEC) issued interpretive guidance regarding public companies' existing disclosure requirements for climate change matters. The interpretive guidance was adopted by a vote of three to two. According to Schwartz et al. (2010), the interpretive guidance “sends a clear signal that the SEC expects public companies to pay closer attention to the evaluation of both climate change risks and opportunities when determining whether, how much and what kind of disclosure is warranted” (para. 13). According to Bryan (1997) and Clarkson et al. (1999), management's discussion and analysis (MD&A) is potentially “a useful source of information for investors” (as cited in Cohen, Gaynor, Krishnamoorthy, & Wright, 2007, p. 181). This includes climate change related data.However, “[s]ome information is of such dubious significance that insistence on its disclosure may accomplish more harm than good” (TSC Industries, Inc. v. Northway, Inc., 1976, p. 448). “Management's fear of exposing itself to substantial liability may cause it simply to bury the shareholders in an avalanche of trivial information a result that is hardly conducive to informed decisionmaking” (TSC Industries, Inc. v. Northway, Inc., 1976, p. 448-449). According to Commissioner Elisse Walter (2010), “company analyses and determinations whether information is material and required to be disclosed involve judgment” (para. 9).The regulatory system's goal “should be to guide corporations in being responsive to the expectations and demands of its stakeholders” (Hess, 2001, p. 324). “[M]ost socio-economic decisions have different impacts on various groups and individuals” (Tinker & Lowe, 1980, p. 2). Therefore, a “value-free” method of weighing the stakeholders' respective interests does not exist (Tinker & Lowe, 1980). In any judgment about a corporation's overall performance, assigning a weighting to various stakeholder interests is inescapable (Tinker & Lowe, 1980). According to Commissioner Kathleen Casey (2010), the interpretive guidance goes beyond the SEC's “fundamental investor protection mission” (para. 8). Since reporting framework and audit problems exist and companies are voluntarily making climate change related disclosures, I agree.

Download or read book Modernization of Oil and Gas Reporting Us Securities and Exchange Commission Regulation Sec 2018 Edition written by The Law Library and published by Independently Published. This book was released on 2019-01-28 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Law Library presents the complete text of the Modernization of Oil and Gas Reporting (US Securities and Exchange Commission Regulation) (SEC) (2018 Edition). Updated as of May 29, 2018 The Commission is adopting revisions to its oil and gas reporting disclosures which exist in their current form in Regulation S-K and Regulation S-X under the Securities Act of 1933 and the Securities Exchange Act of 1934, as well as Industry Guide 2. The revisions are intended to provide investors with a more meaningful and comprehensive understanding of oil and gas reserves, which should help investors evaluate the relative value of oil and gas companies. In the three decades that have passed since adoption of these disclosure items, there have been significant changes in the oil and gas industry. The amendments are designed to modernize and update the oil and gas disclosure requirements to align them with current practices and changes in technology. The amendments concurrently align the full cost accounting rules with the revised disclosures. The amendments also codify and revise Industry Guide 2 in Regulation S-K. In addition, they harmonize oil and gas disclosures by foreign private issuers with the disclosures for domestic issuers. This ebook contains: - The complete text of the Modernization of Oil and Gas Reporting (US Securities and Exchange Commission Regulation) (SEC) (2018 Edition) - A dynamic table of content linking to each section - A table of contents in introduction presenting a general overview of the structure

Download or read book Disclosure of Payments by Resource Extraction Issuers Us Securities and Exchange Commission Regulation Sec 2018 Edition written by The Law Library and published by Independently Published. This book was released on 2019-01-19 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Law Library presents the complete text of the Disclosure of Payments by Resource Extraction Issuers (US Securities and Exchange Commission Regulation) (SEC) (2018 Edition). Updated as of May 29, 2018 We are adopting new rules and an amendment to a new form pursuant to Section 1504 of the Dodd-Frank Wall Street Reform and Consumer Protection Act relating to disclosure of payments by resource extraction issuers. Section 1504 added Section 13(q) to the Securities Exchange Act of 1934, which requires the Commission to issue rules requiring resource extraction issuers to include in an annual report information relating to any payment made by the issuer, a subsidiary of the issuer, or an entity under the control of the issuer, to a foreign government or the Federal Government for the purpose of the commercial development of oil, natural gas, or minerals. Section 13(q) requires a resource extraction issuer to provide information about the type and total amount of such payments made for each project related to the commercial development of oil, natural gas, or minerals, and the type and total amount of payments made to each government. In addition, Section 13(q) requires a resource extraction issuer to provide information regarding those payments in an interactive data format. This ebook contains: - The complete text of the Disclosure of Payments by Resource Extraction Issuers (US Securities and Exchange Commission Regulation) (SEC) (2018 Edition) - A dynamic table of content linking to each section - A table of contents in introduction presenting a general overview of the structure

Download or read book Amendments to Form Adv Us Securities and Exchange Commission Regulation Sec 2018 Edition written by The Law Library and published by Independently Published. This book was released on 2019-01-28 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Law Library presents the complete text of the Amendments to Form ADV (US Securities and Exchange Commission Regulation) (SEC) (2018 Edition). Updated as of May 29, 2018 The Securities and Exchange Commission is adopting amendments to Part 2 of Form ADV, and related rules under the Investment Advisers Act, to require investment advisers registered with us to provide new and prospective clients with a brochure and brochure supplements written in plain English. These amendments are designed to provide new and prospective advisory clients with clearly written, meaningful, current disclosure of the business practices, conflicts of interest and background of the investment adviser and its advisory personnel. Advisers must file their brochures with us electronically and we will make them available to the public through our Web site. The Commission also is withdrawing the Advisers Act rule requiring advisers to disclose certain disciplinary and financial information. This ebook contains: - The complete text of the Amendments to Form ADV (US Securities and Exchange Commission Regulation) (SEC) (2018 Edition) - A dynamic table of content linking to each section - A table of contents in introduction presenting a general overview of the structure

Download or read book Pay Ratio Disclosure Us Securities and Exchange Commission Regulation Sec 2018 Edition written by The Law Library and published by Independently Published. This book was released on 2019-01-27 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Law Library presents the complete text of the Pay Ratio Disclosure (US Securities and Exchange Commission Regulation) (SEC) (2018 Edition). Updated as of May 29, 2018 We are adopting amendments to Item 402 of Regulation S-K to implement Section 953(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Section 953(b) directs the Commission to amend Item 402 of Regulation S-K to require disclosure of the median of the annual total compensation of all employees of a registrant (excluding the chief executive officer), the annual total compensation of that registrant's chief executive officer, and the ratio of the median of the annual total compensation of all employees to the annual total compensation of the chief executive officer. The disclosure is required in any annual report, proxy or information statement, or registration statement that requires executive compensation disclosure pursuant to Item 402 of Regulation S-K. The disclosure requirement does not apply to emerging growth companies, smaller reporting companies, or foreign private issuers. This ebook contains: - The complete text of the Pay Ratio Disclosure (US Securities and Exchange Commission Regulation) (SEC) (2018 Edition) - A dynamic table of content linking to each section - A table of contents in introduction presenting a general overview of the structure