SEC Director Peter Driscoll described the regulatory and operational challenges of delivering financial services during the pandemic, the issuance of alerts on pandemic and emergent risks (including on cybersecurity), and the roll out of Regulation Best Interest.
The SEC adopted interim final amendments to certain annual reporting forms. The amendments apply to registrants that have to comply with disclosure and submission requirements under the Holding Foreign Companies Accountable Act.
At an SEC Asset Management Advisory Committee meeting, SEC Commissioners Hester M. Peirce and Elad L. Roisman questioned the advisory committee's focus on environmental, social and governance concerns.
SEC Acting Chair Allison Herren Lee requested public comment on climate change-related disclosure, and reaffirmed her commitment to the development of an effective environmental, social and governance disclosure framework.
In a "Staff Statement on Investment Company Cross Trading," the SEC Division of Investment Management requested comment on "ways to enhance the regulatory regime" in light of the SEC's adoption of the "Valuation Rule" on fair value determinations and readily available market quotations.