The Council of Institutional Investors provided the SEC with feedback on its semiannual regulatory agenda with a focus on investor protection, corporate disclosure, and market systems and structure.
News & Insights
SEC Division of Corporation Finance Acting Chair John Coates and SEC Acting Chief Accountant Paul Munter highlighted potential errors in accounting for warrants issued by Special Purpose Acquisition Companies.
The SEC Division of Corporation Finance staff issued guidance on accounting, financial reporting and governance issues that private operating companies should consider prior to undertaking a "business combination" with a special purpose acquisition company.
Representatives Juan Vargas (D-CA) and co-sponsor Jesús G. Garcia (D-IL) introduced legislation that would update environmental, social and governance disclosure requirements for public companies.
SEC regulators offered observations and reminders concerning the oversight and financial reporting responsibilities of audit committees.