SEC 2023 Regulatory Agenda
Continuing a brisk pace and breadth of activity
KPMG Regulatory Insight
- Key SEC final and proposed rules (including climate change, public company cyber risk governance, and human capital) pushed to October/Fall 2023.
- Market Structure proposals (including rules covering order competition, order execution, best execution, and minimum pricing) to be finalized in April 2024.
- Re-engagement on interagency incentive-based compensation and prohibitions on conflicts of interest.
- The lengthy list of agenda items continues the SEC’s brisk pace and breadth of activity.
June 2023
The Securities and Exchange Commission (SEC) releases its Spring 2023 Regulatory Agenda (here). Notable planned final and proposed rulemakings, including related KPMG Regulatory Alerts include:
Title | Stage of Rulemaking | Expected Release | KPMG Regulatory Alert |
|---|---|---|---|
Climate Change Disclosure | Final rule | October 2023 | |
ESG Investment Practices Disclosure | Final rule | October 2023 | |
Investment Company Names | Final rule | October 2023 | |
Corporate Board Diversity Disclosure | Proposal | April 2024 | n/a |
Human Capital Management Disclosure | Proposal | October 2023 | n/a |
Incentive-Based Compensation Arrangements | Proposal | April 2024 | n/a |
Cyber Risk Governance (public companies) | Final rule | October 2023 | |
Cybersecurity Risk Management (investment advisers, funds) | Final rule | October 2023 | |
Cybersecurity Risk Management (market entities) | Final rule | April 2024 | |
Amendments to Form PF reporting requirements (two separate rules) | Final rule | October 2023 | |
Private Fund Advisers | Final rule | October 2023 | |
Money Market Fund Reforms | Final rule | October 2023 | |
Fund Fee Disclosure and Reform | Proposal | April 2024 | n/a |
Prohibitions on Conflicts of Interest in Certain Securitizations | Final rule | April 2024 | n/a |
| Prohibitions on Conflicted Practices for Broker-Dealers That Use Certain Technologies | Proposal | October 2023 | n/a |
Regulation S-P, Privacy of Consumer Financial Information | Final rule | April 2024 | |
Short Sale Disclosure Reform | Final rule | October 2023 | |
Market Structure: Order Competition; Order Execution; Best Execution; Minimum Pricing | Final rules | April 2024 |
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SEC 2023 Regulatory Agenda
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