Securities Law Updates | New Statutes, Regulations and Rules
January 28, 2010
SEC Issues Interpretive Guidance on Disclosure Related to Business or Legal Developments Regarding Climate Change
Guidance on Disclosure Related to Business or Legal Developments Regarding Climate Change
2010-15, 1/27/2010
The Securities and Exchange Commission (“SEC,” or “Commission”) has voted to provide public companies with interpretive guidance on existing SEC disclosure requirements as they apply to business or legal developments relating to the issue of climate change.
By way of background, federal securities laws and SEC regulations require certain disclosures by public companies for the benefit of investors. Occasionally, to assist those who provide such disclosures, the Commission provides guidance on how to interpret the disclosure rules on topics of interest to the business and investment communities. The Commission’s interpretive releases do not create new legal requirements nor modify existing ones,…
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