Our timely client alert discusses the impact (or lack thereof) of impending amendments to Rule 10b5-1 on issuer structured share buy-back arrangements, such as accelerated share repurchases (ASRs). Final Rule 10b5-1 amendments, discussed comprehensively in our previous client alert, become effective on February 27, 2023. Stay tuned for further explanation and analysis if and when the U.S. Securities and Exchange Commission revisits issuer cooling-off periods, finalizes proposed revisions to issuer share repurchase disclosure rules, and whenever there are other developments that may impact issuer share buy-backs.