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Proposed ESG Disclosure and Names Rule Reforms
The US Securities and Exchange Commission has voted to propose amendments to rules and reporting forms to require registered investment companies, business development companies, registered investment advisers, and certain exempt advisers to provide additional information regarding their environmental, social, and governance (ESG) practices. The proposed changes include, among other things, a new taxonomy for funds and strategies, greenhouse gas emissions disclosure and reporting obligations, and new disclosure requirements for funds with names indicating that one or more ESG factors are considered in their investment decision-making process.
Visit this section to stay abreast of the latest news, and learn about the potential outcomes for funds and advisers. Our Asset Management and Investment Funds lawyers will provide analysis through alerts and webinars to help you navigate this new landscape.
Thought Leadership
On 1 March 2024, the US District Court for the Northern District of Alabama issued an opinion holding, on summary judgment, the Corporate Transparency Act unconstitutional.
On Wednesday, 6 March 2024, the Securities and Exchange Commission (SEC) approved its highly anticipated final rules on “The Enhancement and Standardization of Climate-Related Disclosures for Investors” by a vote of 3-2, with Republican Commissioners Hester Peirce and Mark Uyeda dissenting.
The Australian Competition and Consumer Commission (ACCC) has released its compliance and enforcement priorities for 2024-25, with ACCC Chair Gina Cass-Gottlieb expanding on the Commission's key areas of focus in her address to the Committee for Economic Development.
On 30 January 2024, the US Citizenship and Immigration Services (USCIS) published a final rule (Final Rule) increasing the premium processing fee from US$2,500 to US$2,805, increasing filing fees for I-129 and I-140 employment-based petitions, and imposing a new Asylum Program Fee for each Form I-129 and I-140 filed by employers.