In remarks delivered on May 26, 2026, at the Stanford Rock Center for Corporate Governance, U.S. Securities and Exchange Commission (Commission or SEC) Chairman Paul S. Atkins expressly invited public input on how the Commission should improve and modernize the IPO process. The remarks indicate that the Commission is prepared to consider whether long-standing rules governing offering communications, routes to the public markets, and disclosure obligations continue to serve capital formation efficiently in the current market environment.
Continue Reading SEC Chairman Invites Comment on Modernizing the IPO ProcessSEC Proposes to Rescind Climate Disclosure Rules
Posted on
Posted in ESG, SEC Reporting
On May 29, 2026, the U.S. Securities and Exchange Commission issued a proposal to rescind, in its entirety, the climate disclosure rules it adopted in March 2024.[1] While the Commission’s proposal contemplates complete rescission of the climate disclosure rules, it also solicits comment on potential alternatives short of full…
Continue Reading SEC Proposes to Rescind Climate Disclosure RulesSEC Adds New Jurisdictions to FPI Section 16(a) Relief: Australia, India, and Singapore
Posted on
Posted in SEC Reporting
On May 20, 2026, the U.S. Securities and Exchange Commission issued an exemptive order relieving directors and officers of certain foreign private issuers (FPIs) from the Section 16(a) reporting requirements of the Securities Exchange Act of 1934 (Exchange Act). Building on its March 5, 2026 exemptive order, the Commission…
Continue Reading SEC Adds New Jurisdictions to FPI Section 16(a) Relief: Australia, India, and SingaporeSEC Proposes Significant Reforms to Filer Status and Registered Offering Frameworks
Posted on
Posted in SEC Reporting
On May 19, 2026, the U.S. Securities and Exchange Commission (SEC) proposed two significant rulemakings: 1) Enhancement of Emerging Growth Company Accommodations and Simplification of Filer Status for Reporting Companies (Filer Status Proposal) and 2) Registered Offering Reform (Registered Offering Reform Proposal). The following is a brief summary of each…
Continue Reading SEC Proposes Significant Reforms to Filer Status and Registered Offering FrameworksSEC Issues Semiannual Reporting Proposal
Posted on
Posted in SEC Reporting
On May 5, 2026, the U.S. Securities and Exchange Commission (SEC) announced that it issued proposed rule and form amendments that would give public companies the option to move away from quarterly reporting toward a semiannual reporting model. The following is a brief summary of the proposed amendments, with a…
Continue Reading SEC Issues Semiannual Reporting ProposalClimate-Related Disclosure Rules Update: SEC Submits Rescission Proposal to OIRA for Review
Posted on
Posted in SEC Reporting
On May 4, 2026, the U.S. Securities and Exchange Commission (SEC) submitted a proposed rulemaking titled Rescission of Climate‑Related Disclosure Rules to the Office of Information and Regulatory Affairs (OIRA) for review. This submission marks the first formal step toward potential rescission, through notice-and-comment rulemaking, of the SEC’s climate‑related disclosure…
Continue Reading Climate-Related Disclosure Rules Update: SEC Submits Rescission Proposal to OIRA for ReviewSEC Permits Accelerated Offering Period for Certain Tender Offers
Posted on
Posted in Securities Laws
Our recent Client Alert discusses the Exemptive Order issued by the Division of Corporation Finance of the Securities and Exchange Commission on April 16, 2026, which provides flexibility to shorten the minimum offering period for certain types of equity tender offers (including all cash, negotiated/friendly whole company acquisitions, and self-tenders)…
Continue Reading SEC Permits Accelerated Offering Period for Certain Tender OffersNew SEC Staff Guidance Brings Welcome Certainty to ATM Offerings
Posted on
Posted in SEC Reporting
On March 19, 2026, the SEC’s Division of Corporation Finance issued new Corporation Finance Interpretation 116.26, providing guidance for issuers conducting at-the-market offerings (ATMs) under Form S-3. The interpretation addresses the scenario where a company launches an ATM while eligible to conduct a primary offering on Form S-3, but…
Continue Reading New SEC Staff Guidance Brings Welcome Certainty to ATM OfferingsSEC Gives Enforcement Relief to Section 16 Persons of Foreign Private Issuers in War-Affected Middle East
Posted on
Posted in SEC Reporting
On Friday, March 13, 2026, the SEC staff granted no-action relief to directors and officers of any foreign private issuer with a class of equity securities registered under Exchange Act Section 12 that is organized and headquartered in Israel or any other foreign jurisdiction in the geographical region directly affected…
Continue Reading SEC Gives Enforcement Relief to Section 16 Persons of Foreign Private Issuers in War-Affected Middle EastCFTC Turns Up the Spotlight on Prediction Markets
Posted on
Posted in Miscellaneous
On March 12, 2026, the Commodity Futures Trading Commission (CFTC) took steps to further the regulation of prediction markets. The CFTC’s Division of Market Oversight issued a staff advisory to provide its views on the listing and trading of event contracts. The advisory discusses existing regulations that may be applicable to event contracts offered by designated contract markets (DCMs) and the listing of certain event contracts by DCMs (including, as discussed in the advisory, sports-related event contracts). Among other things, the advisory reminds market participants that existing regulations prohibit “misappropriation of confidential information in breach of a pre-existing duty of trust and confidence to the source of the information (commonly known as ‘insider trading’).”
Continue Reading CFTC Turns Up the Spotlight on Prediction Markets